Company Valuation: Carrefour

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,343 12,040 11,582 9,105 10,050 11,604 - -
Change - -2.46% -3.81% -21.39% 10.38% 15.47% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 20,025 19,500 18,844
Change - 7.03% -5.88% -6.37% 5.62% 2.89% -2.62% -3.36%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.6x 9.74x 9.33x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.03x 0.99x 0.94x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.5x 2.14x
Capitalization / Revenue 0.17x 0.15x 0.14x 0.11x 0.12x 0.14x 0.14x 0.14x
EV / Revenue 0.27x 0.26x 0.24x 0.22x 0.24x 0.24x 0.23x 0.22x
EV / EBITDA 4.29x 4.53x 4.32x 3.97x 4.32x 4.42x 4.12x 3.79x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.63x 7.86x 7.22x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 11.3x 16.8x 17.1x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 8.88% 5.97% 5.86%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.05 1.071 1.108
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 6.4% 6.53% 6.75%
EPS 2 1.362 1.8 2.324 1.013 0.4671 1.414 1.683 1.757
Distribution rate 38.2% 31.1% 37.4% 90.9% 208% 74.2% 63.6% 63%
Net sales 1 72,958 81,385 83,270 85,445 82,102 82,020 83,545 85,689
EBITDA 1 4,550 4,613 4,559 4,637 4,506 4,526 4,732 4,968
EBIT 1 2,272 2,377 2,264 2,213 2,158 2,322 2,480 2,612
Net income 1 1,072 1,348 1,659 723 319 1,022 1,187 1,218
Net Debt 1 7,195 8,871 8,099 9,323 9,413 8,421 7,896 7,240
Reference price 2 16.10 15.64 16.56 13.73 14.23 16.40 16.40 16.40
Nbr of stocks (in thousands) 7,66,438 7,69,845 6,99,183 6,63,135 7,06,234 7,07,563 - -
Announcement Date 16/02/22 14/02/23 20/02/24 19/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.02x0.87x5.84x6.29% 3.68TCr
16.59x0.59x6.72x2.93% 2.72TCr
69.66x3.08x40.39x-.--% 2.59TCr
26.22x0.83x8.74x3.67% 2.19TCr
27.45x1.13x14.44x0.45% 2.16TCr
11.62x0.24x4.43x6.39% 1.33TCr
16.6x0.39x5.67x3.7% 1.29TCr
21.19x0.81x8.9x2.69% 1.07TCr
19.32x0.93x9.26x4.2% 1.02TCr
Average 25.41x 0.99x 11.60x 3.37% 2.01TCr
Weighted average by Cap. 27.42x 1.09x 12.56x 3.36%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!