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Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France

ENXTPA:CAF
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAF
ENXTPA
€3B
Market Cap
  1. Home
  2. FR
  3. Banks
Company description

Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France operates as a cooperative bank that provides a range of banking and insurance services to its members in France. The last earnings update was 229 days ago. More info.


Add to Portfolio Compare Print
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CAF Share Price and Events
7 Day Returns
3.4%
ENXTPA:CAF
4.2%
FR Banks
2.5%
FR Market
1 Year Returns
10.6%
ENXTPA:CAF
-27.1%
FR Banks
3.5%
FR Market
CAF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (CAF) 3.4% 1.3% 8.8% 10.6% 7.6% 25.8%
FR Banks 4.2% 9.2% 8.7% -27.1% -2.3% -18.6%
FR Market 2.5% 4.6% 13.6% 3.5% 27.5% 33.2%
1 Year Return vs Industry and Market
  • CAF outperformed the Banks industry which returned -27.1% over the past year.
  • CAF outperformed the Market in France which returned 3.5% over the past year.
Price Volatility
CAF
Industry
5yr Volatility vs Market

Value

 Is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France.

ENXTPA:CAF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €184.13 * 5%
€9.20
Book Value of Equity per Share Median Book Value from the past 5 years. €184.13
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:CAF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.602 (1 + (1- 33%) (53.42%))
0.877
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.877 * 6.65%)
6.57%

Discounted Cash Flow Calculation for ENXTPA:CAF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTPA:CAF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5% – 6.57%) * €184.13)
€-2.90
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-2.90 / (6.57% - 0.73%)
€-49.66
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €184.13 + €-49.66
€134.47
ENXTPA:CAF Discount to Share Price
Calculation Result
Value per share (EUR) From above. €134.47
Current discount Discount to share price of €96.83
= -1 x (€96.83 - €134.47) / €134.47
28%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is available for.
Intrinsic value
28%
Share price is €96.83 vs Future cash flow value of €134.47
Current Discount Checks
For Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:CAF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €9.37
ENXTPA:CAF Share Price ** ENXTPA (2019-03-19) in EUR €96.83
France Banks Industry PE Ratio Median Figure of 5 Publicly-Listed Banks Companies 8.15x
France Market PE Ratio Median Figure of 417 Publicly-Listed Companies 15.9x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France.

ENXTPA:CAF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:CAF Share Price ÷ EPS (both in EUR)

= 96.83 ÷ 9.37

10.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is overvalued based on earnings compared to the FR Banks industry average.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is good value based on earnings compared to the France market.
Price based on expected Growth
Does Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's expected growth come at a high price?
Raw Data
ENXTPA:CAF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Banks Industry PEG Ratio Median Figure of 108 Publicly-Listed Banks Companies 0.73x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's assets?
Raw Data
ENXTPA:CAF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €211.48
ENXTPA:CAF Share Price * ENXTPA (2019-03-19) in EUR €96.83
France Banks Industry PB Ratio Median Figure of 5 Publicly-Listed Banks Companies 0.55x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.5x
ENXTPA:CAF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:CAF Share Price ÷ Book Value per Share (both in EUR)

= 96.83 ÷ 211.48

0.46x

* Primary Listing of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is good value based on assets compared to the FR Banks industry average.
X
Value checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France expected to grow at an attractive rate?
  • Unable to compare Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings growth to the France market average as no estimate data is available.
  • Unable to compare Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:CAF Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
France Market Earnings Growth Rate Market Cap Weighted Average 12.9%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:CAF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:CAF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 973 1,174 266
2018-03-31 961 723 261
2017-12-31 948 271 256
2017-09-30 931 986 252
2017-06-30 913 1,700 248
2017-03-31 915 1,863 249
2016-12-31 916 2,026 250
2016-09-30 929 935 261
2016-06-30 942 -156 272
2016-03-31 950 290
2015-12-31 932 -38 274
2015-09-30 942 283

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is high growth as no earnings estimate data is available.
  • Unable to determine if Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:CAF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:CAF Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 9.37
2018-03-31 9.20
2017-12-31 9.02
2017-09-30 8.88
2017-06-30 8.73
2017-03-31 8.77
2016-12-31 8.81
2016-09-30 9.20
2016-06-30 9.59
2016-03-31 10.21
2015-12-31 9.64
2015-09-30 9.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is trading at Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France performed over the past 5 years?

  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's last earnings update was 229 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's 1-year earnings growth exceeds its 5-year average (7.3% vs -1.3%)
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings growth has exceeded the FR Banks industry average in the past year (7.3% vs -5%).
Earnings and Revenue History
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:CAF Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 973.00 265.76 34.12
2018-03-31 960.67 260.94 34.47
2017-12-31 948.33 256.11 34.82
2017-09-30 930.61 251.89 34.96
2017-06-30 912.88 247.67 35.11
2017-03-31 914.50 248.89 34.57
2016-12-31 916.12 250.12 34.02
2016-09-30 928.90 261.15 34.56
2016-06-30 941.68 272.17 35.11
2016-03-31 949.97 289.80 47.31
2015-12-31 932.42 273.91 39.41
2015-09-30 942.33 283.12 68.86
2015-06-30 945.61 290.19 43.91
2015-03-31 940.70 278.90 39.10
2014-12-31 936.60 287.30 39.10
2014-09-30 932.59 275.47 30.46
2014-06-30 928.78 274.90 32.25
2014-03-31 885.79 244.87 30.46
2013-12-31 909.09 266.17 30.46
2013-09-30 903.38 269.87 26.49
2013-06-30 901.75 268.24 27.29
2013-03-31 925.48 275.37 26.49
2012-12-31 890.38 259.87 26.49
2012-09-30 860.46 246.92 26.20
2012-06-30 875.77 265.26 26.09
2012-03-31 910.76 297.22 26.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France used its assets more efficiently than the FR Banks industry average last year based on Return on Assets.
  • Unable to establish if Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France Company Filings, last reported 8 months ago.

ENXTPA:CAF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 5,996.85 1,466.94 679.12
2018-03-31 5,996.85 1,466.94 679.12
2017-12-31 5,551.58 1,157.61 674.93
2017-09-30 5,551.58 1,157.61 674.93
2017-06-30 5,369.07 1,078.11 678.26
2017-03-31 5,369.07 1,078.11 678.26
2016-12-31 5,236.43 966.30 1,022.63
2016-09-30 5,236.43 966.30 1,022.63
2016-06-30 5,130.76 1,202.05 721.20
2016-03-31 5,130.76 1,202.05 721.20
2015-12-31 5,017.46 1,030.71 600.60
2015-09-30 5,017.46 1,030.71 600.60
2015-06-30 4,775.61 1,445.37 880.37
2015-03-31 4,623.76 1,744.33 596.44
2014-12-31 4,625.00 1,744.33 630.68
2014-09-30 4,495.90 1,565.44 2,320.16
2014-06-30 4,495.90 1,565.44 2,320.16
2014-03-31 4,364.38 1,195.25 385.37
2013-12-31 4,364.38 1,195.25 385.37
2013-09-30 4,232.83 1,475.33 1,914.10
2013-06-30 4,232.83 1,475.33 1,914.10
2013-03-31 4,116.24 2,057.35 569.57
2012-12-31 4,116.24 2,057.35 569.57
2012-09-30 4,014.02 1,776.49 554.77
2012-06-30 4,014.02 1,776.49 554.77
2012-03-31 3,914.90 1,924.76 410.59
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has an acceptable proportion of non-loan assets held.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's liabilities are made up of primarily low risk sources of funding.
  • Loans at Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France are broadly funded by customer deposits.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a sufficient allowance for bad loans.
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.82%
Current annual income from Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France dividends.
If you bought €2,000 of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France shares you are expected to receive €76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.62%).
  • Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's dividend is below the markets top 25% of dividend payers in France (4.5%).
Upcoming dividend payment

Purchase Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:CAF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
France Banks Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 6.7%
France Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:CAF Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-07 3.700 4.149
2017-03-06 3.700 4.500
2016-04-04 3.700 4.535
2015-04-09 3.700 4.671
2014-04-08 3.400 4.766
2013-04-29 3.200 4.792
2012-07-26 3.200 6.300
2012-04-10 3.200 7.720
2012-02-07 3.200 6.501

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olivier-Eric Gavalda
COMPENSATION €395,901
AGE 55
TENURE AS CEO 3.2 years
CEO Bio

Mr. Olivier-Eric Gavalda has been the Chief Executive Officer of Crédit Agricole de Champagne Bourgogne Since January 1, 2007. Mr. Gavalda serves as Chairman of the Management Board at Groupement des Cartes Bancaires CB GIE. He serves as Director at Credit Agricole Corporate and Investment Bank since May 4, 2018. Mr. Gavalda served as Chief Executive Officer of Credit Agricole de Paris et d'Ile-de-France Regional Bank since April 4, 2016 until April 05, 2016. He served as Deputy Chief Executive Officer of Development, Customer and Innovation at Credit Agricole S.A from September 1, 2015 to April 4, 2016. He joined Crédit Agricole du Midi in 1988, where he first served as Head of Project Organisation, then Branch Manager, Training Manager and finally Marketing Director. He serves as a Director at Crédit Agricole Corporate and Investment Bank SA. He served as Head of Regional Banks Division at Credit Agricole S.A. from March 01, 2010 to September 1, 2015. He serves as President of Board of Directors at Crédit Agricole Srbija a.d. Novi Sad. Mr. Gavalda served as Director of Regional Bank Relations and Development at Credit Agricole SA and Crédit Agricole Group since March 1, 2010. Since 1998, he served as a Regional Director of Crédit Agricole Ile de France then, since 2002 as Deputy Chief Executive Officer of Crédit Agricole Sud Rhône Alpes with responsibility for development and human resources. He serves as Chairman of the Board of Directors at Uni-Éditions SAS. He serves as a Director at CA Indosuez Wealth (France). He serves as a Non-Executive Board Member of Emporiki Bank of Greece S.A. He serves as a Director of Credit Agricole Capital Investissement et Finance. He serves as a Director of Crédit Agricole Capital Investissement et Finance. He served as a Director of Pacifica SA. He serves as a Director of CCPMA, of the training institute IFCAM. He is a Member of the Board of Directors at Predica S.A., Bforbank S.A., Euro Securities Partners SAS, FIA-NET SA, FIA-NET Europe SA, CA Indosuez Wealth (Group), CA Paiement SAS, CA Cards and Payments SNC, CA-Initiatives Vertes, Crédit Agricole Immobilier S.A., and Fireca SAS. He is a Member of the Supervisory Board at CA Grands Crus SAS. He is a Member of the Mixed Commission of the Executive Management at FNCA. Mr. Gavalda has a Masters in Econometrics and a DESS in Organisation and IT.

CEO Compensation
  • Olivier-Eric's compensation has been consistent with company performance over the past year.
  • Olivier-Eric's remuneration is lower than average for companies of similar size in France.
Management Team

Olivier-Eric Gavalda

TITLE
Director General
COMPENSATION
€396K
AGE
55
TENURE
3.2 yrs

Edouard Esparbes

TITLE
Non Executive Managing Director
AGE
74

Véronique Lozac’h-Diacquenod

TITLE
Finance Director

Nicolas Bontemps

TITLE
Director of Human Resources
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure of the Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France board of directors in years:

6
Average Tenure
  • The tenure for the Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France board of directors is about average.
Board of Directors

Etienne de Magnitot

TITLE
Chairman of the Board of Directors
TENURE
1.2 yrs

Bénédicte Douriez

TITLE
Vice President of the Board
TENURE
5.9 yrs

Jean-Louis Chambaud

TITLE
Vice-Chairman of the Board

Michel Caffin

TITLE
Vice President of the Board

Guillaume Vanthuyne

TITLE
Vice Chairman of the Board

Christian Hilairet

TITLE
Director

François Imbault

TITLE
Director
COMPENSATION
€83K
AGE
70

Denis Fumery

TITLE
Director
TENURE
6 yrs

Claude Rigault

TITLE
Director
TENURE
6.7 yrs

Thierry Fanost

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s (EPA:CAF) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of €2.61b, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s (EPA:CAF) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s bottom line. … Check out our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France

Simply Wall St -

Is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) Attractive At Its Current PE Ratio?

Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) is currently trading at a trailing P/E of 10.2x, which is higher than the industry average of 8.7x. … While this makes CAF appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … View our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France

Simply Wall St -

What Makes Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (ENXTPA:CAF) An Attractive Investment?

Today I've chosen to put the spotlight on Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (ENXTPA:CAF) due to its excellent fundamentals in more than one area. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Three Understated Metrics For Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) You Should Know

View our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France ENXTPA:CAF Historical Debt May 22nd 18 Is CAF's Leverage Level Appropriate? … Though banks are required to have a certain level of buffer to meet its capital requirements, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s leverage level of less than the suitable maximum level of 20x, at 8x, is considered to be very cautious and prudent. … Compared to the appropriate industry loan to deposit level of 90%, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s ratio of over 98.02% is higher which places the bank in a relatively dangerous territory to go into negative discrepancy in liquidity.

Simply Wall St -

Has Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) Improved Earnings Growth In Recent Times?

See our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France Did CAF's recent earnings growth beat the long-term trend and the industry? … Since these figures may be fairly nearsighted, I’ve computed an annualized five-year value for CAF's net income, which stands at €272.30M This means that, despite the fact that earnings growth from last year was positive, over the longer term, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France's earnings have been waning on average. … This means Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France has been ramping up expenses, which is harming margins and earnings, and is not a sustainable practice.

Simply Wall St -

Why Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) May Not Be As Risky Than You Think

Today we will analyse Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … Check out our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France ENXTPA:CAF Historical Debt Apr 23rd 18 Does Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France Understand Its Own Risks? … Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s total deposit level of 95.09% of its total liabilities is very high and is well-above the sensible level of 50% for financial institutions.

Simply Wall St -

Why Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) Delivered An Inferior ROE Compared To The Industry

View our latest analysis for Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s cost of equity is 8.50%. … Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France’s below-industry ROE is disappointing, furthermore, its returns were not even high enough to cover its own cost of equity.

Simply Wall St -

Is Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (EPA:CAF) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CAF Price per share = €87.4 Earnings per share = €8.727 ∴ Price-Earnings Ratio = €87.4 ÷ €8.727 = 10x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing riskier firms with CAF, then CAF’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … If this assumption does not hold true, CAF’s higher P/E ratio may be because firms in our peer group are being undervalued by the market.

Simply Wall St -

Company Info

Description

Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France operates as a cooperative bank that provides a range of banking and insurance services to its members in France. It offers borrowing products for project, buying of car and property, and work; and insurance products to protect home, vehicle, health, mobile devices, litigation, accident, death, and to preserve an autonomy. The company also provides saving products, accounts and cards, real estate and conso loans, funding, mortgages, and other products. The company serves individuals, professionals, SMEs, companies, public authorities, and associations. It operates 52 branches, 277 agencies, and mobile application. The company is headquartered in Paris, France.

Details
Name: Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France
CAF
Exchange: ENXTPA
Founded:
€2,745,811,214
28,357,030
Website: http://www.ca-paris.fr
Address: Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France
26, Quai de la Rapée,
Paris,
Ile-de-France, 75012,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA CAF Co-Operative Investment Certificates Euronext Paris FR EUR 02. Jun 1992
LSE 0O2R Co-Operative Investment Certificates London Stock Exchange GB EUR 02. Jun 1992
BATS-CHIXE CAFP Co-Operative Investment Certificates BATS 'Chi-X Europe' GB EUR 02. Jun 1992
Number of employees
Current staff
Staff numbers
3,607
Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 20:48
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/08/02
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.