CARREFOUR SA (CA.PA)

FR0000120172 - Common Stock

16.055  -0.09 (-0.53%)

Fundamental Rating

5

CA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 29 industry peers in the Consumer Staples Distribution & Retail industry. CA has a medium profitability rating, but doesn't score so well on its financial health evaluation. CA scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally CA also has an excellent dividend rating.



5

1. Profitability

1.1 Basic Checks

CA had positive earnings in the past year.
CA had a positive operating cash flow in the past year.
CA had positive earnings in each of the past 5 years.
In the past 5 years CA always reported a positive cash flow from operatings.

1.2 Ratios

CA's Return On Assets of 2.95% is in line compared to the rest of the industry. CA outperforms 48.28% of its industry peers.
Looking at the Return On Equity, with a value of 14.38%, CA is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
With a Return On Invested Capital value of 5.38%, CA perfoms like the industry average, outperforming 48.28% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CA is below the industry average of 8.73%.
Industry RankSector Rank
ROA 2.95%
ROE 14.38%
ROIC 5.38%
ROA(3y)2.53%
ROA(5y)2.22%
ROE(3y)12.3%
ROE(5y)10.92%
ROIC(3y)5.84%
ROIC(5y)5.82%

1.3 Margins

CA has a Profit Margin of 1.95%. This is comparable to the rest of the industry: CA outperforms 51.72% of its industry peers.
CA's Profit Margin has improved in the last couple of years.
CA has a Operating Margin of 2.68%. This is comparable to the rest of the industry: CA outperforms 41.38% of its industry peers.
In the last couple of years the Operating Margin of CA has remained more or less at the same level.
With a Gross Margin value of 19.59%, CA perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
In the last couple of years the Gross Margin of CA has declined.
Industry RankSector Rank
OM 2.68%
PM (TTM) 1.95%
GM 19.59%
OM growth 3Y-4.01%
OM growth 5Y0.37%
PM growth 3Y30.04%
PM growth 5YN/A
GM growth 3Y-2.92%
GM growth 5Y-2.1%

3

2. Health

2.1 Basic Checks

CA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CA has less shares outstanding than it did 1 year ago.
CA has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CA is higher compared to a year ago.

2.2 Solvency

CA has an Altman-Z score of 2.04. This is not the best score and indicates that CA is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.04, CA is doing worse than 72.41% of the companies in the same industry.
CA has a debt to FCF ratio of 7.16. This is a slightly negative value and a sign of low solvency as CA would need 7.16 years to pay back of all of its debts.
CA's Debt to FCF ratio of 7.16 is in line compared to the rest of the industry. CA outperforms 51.72% of its industry peers.
A Debt/Equity ratio of 1.14 is on the high side and indicates that CA has dependencies on debt financing.
The Debt to Equity ratio of CA (1.14) is worse than 72.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 7.16
Altman-Z 2.04
ROIC/WACC1.48
WACC3.64%

2.3 Liquidity

CA has a Current Ratio of 0.93. This is a bad value and indicates that CA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.93, CA is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
CA has a Quick Ratio of 0.93. This is a bad value and indicates that CA is not financially healthy enough and could expect problems in meeting its short term obligations.
CA has a Quick ratio of 0.67. This is in the better half of the industry: CA outperforms 72.41% of its industry peers.
Industry RankSector Rank
Current Ratio 0.93
Quick Ratio 0.67

4

3. Growth

3.1 Past

CA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.27%, which is quite good.
Measured over the past years, CA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.97% on average per year.
Looking at the last year, CA shows a small growth in Revenue. The Revenue has grown by 2.19% in the last year.
The Revenue has been growing slightly by 2.74% on average over the past years.
EPS 1Y (TTM)12.27%
EPS 3Y13.25%
EPS 5Y11.97%
EPS growth Q2Q15%
Revenue 1Y (TTM)2.19%
Revenue growth 3Y5.58%
Revenue growth 5Y2.74%
Revenue growth Q2Q0.16%

3.2 Future

CA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.42% yearly.
Based on estimates for the next years, CA will show a small growth in Revenue. The Revenue will grow by 2.70% on average per year.
EPS Next Y8.51%
EPS Next 2Y12.86%
EPS Next 3Y13.03%
EPS Next 5Y8.42%
Revenue Next Year3.3%
Revenue Next 2Y3.32%
Revenue Next 3Y3.43%
Revenue Next 5Y2.7%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.

8

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.77, the valuation of CA can be described as reasonable.
CA's Price/Earnings ratio is rather cheap when compared to the industry. CA is cheaper than 89.66% of the companies in the same industry.
When comparing the Price/Earnings ratio of CA to the average of the S&P500 Index (25.25), we can say CA is valued rather cheaply.
The Price/Forward Earnings ratio is 8.08, which indicates a very decent valuation of CA.
CA's Price/Forward Earnings ratio is rather cheap when compared to the industry. CA is cheaper than 96.55% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CA to the average of the S&P500 Index (21.67), we can say CA is valued rather cheaply.
Industry RankSector Rank
PE 8.77
Fwd PE 8.08

4.2 Price Multiples

CA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CA is cheaper than 86.21% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CA is valued cheaply inside the industry as 93.10% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.96
EV/EBITDA 5.12

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CA's earnings are expected to grow with 13.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.03
PEG (5Y)0.73
EPS Next 2Y12.86%
EPS Next 3Y13.03%

8

5. Dividend

5.1 Amount

CA has a Yearly Dividend Yield of 5.54%, which is a nice return.
Compared to an average industry Dividend Yield of 3.79, CA pays a better dividend. On top of this CA pays more dividend than 86.21% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, CA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.54%

5.2 History

On average, the dividend of CA grows each year by 23.65%, which is quite nice.
Dividend Growth(5Y)23.65%
Div Incr Years4
Div Non Decr Years4

5.3 Sustainability

24.41% of the earnings are spent on dividend by CA. This is a low number and sustainable payout ratio.
The dividend of CA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP24.41%
EPS Next 2Y12.86%
EPS Next 3Y13.03%

CARREFOUR SA

EPA:CA (4/24/2024, 7:00:00 PM)

16.055

-0.09 (-0.53%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.10B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 5.54%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 8.77
Fwd PE 8.08
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.03
PEG (5Y)0.73
Profitability
Industry RankSector Rank
ROA 2.95%
ROE 14.38%
ROCE
ROIC
ROICexc
ROICexgc
OM 2.68%
PM (TTM) 1.95%
GM 19.59%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.51
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.93
Quick Ratio 0.67
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)12.27%
EPS 3Y13.25%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.51%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.19%
Revenue growth 3Y5.58%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y