Carrefour Valuation

Is CAR1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 CAR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CAR1 (€2.76) is trading below our estimate of fair value (€5.62)

Significantly Below Fair Value: CAR1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAR1?

Key metric: As CAR1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CAR1. This is calculated by dividing CAR1's market cap by their current earnings.
What is CAR1's PE Ratio?
PE Ratio	11.7x
Earnings	€837.00m
Market Cap	€9.79b

CAR1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.3x
Enterprise Value/EBITDA	7.5x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does CAR1's PE Ratio compare to its peers?

The above table shows the PE ratio for CAR1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	44.3x
BJ BJ's Wholesale Club Holdings	21.6x	6.1%	US$11.6b
DG Dollar General	12x	6.9%	US$16.7b
CENCOSUD Cencosud	23.9x	39.0%	CL$5.4t
8267 Aeon	119.6x	19.4%	JP¥3.2t
CAR1 Carrefour	11.7x	14.5%	€9.8b

Price-To-Earnings vs Peers: CAR1 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (44.2x).

Price to Earnings Ratio vs Industry

How does CAR1's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CAR1 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the European Consumer Retailing industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is CAR1'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.

CAR1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CAR1'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?

Analyst Forecast: Insufficient data to show price forecast.