Company Valuation: Carrefour

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 12,343 12,040 11,582 9,105 10,050 12,122 - -
Change - -2.46% -3.81% -21.39% 10.38% 20.63% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 20,866 20,397 20,074
Change - 7.03% -5.88% -6.37% 5.62% 7.21% -2.25% -1.58%
P/E ratio 11.8x 8.69x 7.13x 13.6x 30.5x 9.97x 9.79x 10.7x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.07x 1.02x 1.03x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 5.39x -1.23x
Capitalization / Revenue 0.17x 0.15x 0.14x 0.11x 0.12x 0.15x 0.15x 0.14x
EV / Revenue 0.27x 0.26x 0.24x 0.22x 0.24x 0.25x 0.24x 0.24x
EV / EBITDA 4.29x 4.53x 4.32x 3.97x 4.32x 4.46x 4.28x 4.04x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.73x 8.1x 7.61x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 15.2x 17.3x 19.5x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 6.57% 5.77% 5.14%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.022 1.058 1.084
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 5.95% 6.16% 6.32%
EPS 2 1.362 1.8 2.324 1.013 0.4671 1.722 1.753 1.6
Distribution rate 38.2% 31.1% 37.4% 90.9% 208% 59.3% 60.3% 67.8%
Net sales 1 72,958 81,385 83,270 85,445 82,102 82,000 83,425 85,370
EBITDA 1 4,550 4,613 4,559 4,637 4,506 4,673 4,770 4,963
EBIT 1 2,272 2,377 2,264 2,213 2,158 2,390 2,518 2,636
Net income 1 1,072 1,348 1,659 723 319 1,176 1,190 1,141
Net Debt 1 7,195 8,871 8,099 9,323 9,413 8,743 8,275 7,952
Reference price 2 16.10 15.64 16.56 13.73 14.23 17.16 17.16 17.16
Nbr of stocks (in thousands) 7,66,438 7,69,845 6,99,183 6,63,135 7,06,234 7,06,234 - -
Announcement Date 16/02/22 14/02/23 20/02/24 19/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.97x0.25x4.46x5.95% 1.43TCr
21.62x0.87x5.97x6% 3.79TCr
47.43x1.97x23.47x0.26% 3.18TCr
94.24x4.18x55.35x-.--% 3.04TCr
17.01x0.59x6.63x2.67% 2.8TCr
26.21x0.84x9.05x3.57% 2.1TCr
16.41x0.4x5.84x3.64% 1.38TCr
7.98x1.63x5.66x2.18% 1.23TCr
17.9x0.89x8.79x4.62% 960.51Cr
17.04x0.39x5.86x6.67% 955.03Cr
Average 27.58x 1.20x 13.11x 3.56% 2.09TCr
Weighted average by Cap. 33.64x 1.43x 16.22x 3.14%

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