Carrefour SA

SWX:CA Stock Report

Market Cap: CHF 8.8b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Carrefour Valuation

Is CA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CA (CHF19.87) is trading below our estimate of fair value (CHF37.87)

Significantly Below Fair Value: CA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CA?

Key metric: As CA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CA. This is calculated by dividing CA's market cap by their current earnings.
What is CA's PE Ratio?
PE Ratio9.9x
Earnings€930.00m
Market Cap€9.19b

Price to Earnings Ratio vs Peers

How does CA's PE Ratio compare to its peers?

The above table shows the PE ratio for CA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.7x
BJ BJ's Wholesale Club Holdings
21.2x7.1%US$11.8b
8267 Aeon
117.8x19.9%JP¥3.2t
CENCOSUD Cencosud
27.3x22.5%CL$6.2t
DG Dollar General
12.5x6.7%US$16.7b
CA Carrefour
9.9x10.9%CHF 9.2b

Price-To-Earnings vs Peers: CA is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (35.9x).

Price to Earnings Ratio vs Industry

How does CA's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CA 9.9xIndustry Avg. 15.1xNo. of Companies8PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CA is good value based on its Price-To-Earnings Ratio (9.9x) compared to the European Consumer Retailing industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is CA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CA's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Dec ’25CHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Nov ’25CHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Oct ’25CHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Sep ’25CHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Aug ’25CHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Jul ’25CHF 19.87
CHF 17.17
-13.6%
11.7%CHF 21.08CHF 13.42n/a17
Jun ’25CHF 19.87
CHF 17.99
-9.5%
12.7%CHF 22.56CHF 13.73n/a17
May ’25CHF 19.87
CHF 18.38
-7.5%
11.1%CHF 22.48CHF 13.69n/a16
Apr ’25CHF 19.87
CHF 18.59
-6.4%
11.0%CHF 22.53CHF 13.71n/a16
Mar ’25CHF 19.87
CHF 18.13
-8.8%
11.1%CHF 21.89CHF 13.32n/a16
Feb ’25CHF 19.87
CHF 18.60
-6.4%
10.0%CHF 21.75CHF 14.18n/a16
Jan ’25CHF 19.87
CHF 18.79
-5.4%
9.9%CHF 21.67CHF 14.13CHF 19.8716
Dec ’24CHF 19.87
CHF 18.95
-4.6%
10.2%CHF 21.92CHF 14.29CHF 19.8716
Nov ’24CHF 19.87
CHF 18.84
-5.2%
10.6%CHF 21.91CHF 14.29CHF 19.8715
Oct ’24CHF 19.87
CHF 19.48
-1.9%
9.3%CHF 22.18CHF 16.39CHF 19.8715
Sep ’24CHF 19.87
CHF 19.60
-1.4%
9.0%CHF 22.09CHF 16.33CHF 19.8715
Aug ’24CHF 19.87
CHF 19.45
-2.1%
8.8%CHF 22.06CHF 16.30CHF 19.8715
Jul ’24CHF 19.87
CHF 19.64
-1.2%
10.5%CHF 22.51CHF 14.68CHF 19.8715
Jun ’24CHF 19.87
CHF 19.51
-1.8%
11.2%CHF 22.52CHF 14.68CHF 19.8714
May ’24CHF 19.87
CHF 19.71
-0.8%
10.4%CHF 22.67CHF 15.77CHF 19.8714
Apr ’24CHF 19.87
CHF 19.70
-0.9%
9.4%CHF 22.86CHF 16.90CHF 19.8714
Mar ’24CHF 19.87
CHF 19.45
-2.1%
10.4%CHF 22.69CHF 15.29CHF 19.8714
Feb ’24CHF 19.87
CHF 19.89
+0.1%
10.0%CHF 23.04CHF 16.53CHF 19.8714
Jan ’24CHF 19.87
CHF 19.36
-2.6%
10.9%CHF 22.72CHF 15.81CHF 19.8715

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/06/26 03:44
End of Day Share Price 2024/06/26 00:00
Earnings2023/12/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Carrefour SA is covered by 60 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null Research DepartmentAxia Financial Research
Volker BosseBaader Helvea Equity Research
Marta DiazBanco de Sabadell. S.A.