ENXTPA:CA

Stock Analysis Report

Executive Summary

Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan.

Snowflake

Fundamentals

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Carrefour's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

CA

0.4%

FR Consumer Retailing

-0.9%

FR Market


1 Year Return

-6.5%

CA

-5.1%

FR Consumer Retailing

12.5%

FR Market

Return vs Industry: CA underperformed the French Consumer Retailing industry which returned -5.1% over the past year.

Return vs Market: CA underperformed the French Market which returned 12.5% over the past year.


Shareholder returns

CAIndustryMarket
7 Day1.5%0.4%-0.9%
30 Day-3.2%-5.7%-0.8%
90 Day-12.3%-1.7%-0.5%
1 Year-4.0%-6.5%-0.8%-5.1%16.3%12.5%
3 Year-28.5%-34.6%-22.2%-31.1%43.1%29.1%
5 Year-21.4%-31.7%-26.2%-40.1%71.4%45.4%

Price Volatility Vs. Market

How volatile is Carrefour's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carrefour undervalued compared to its fair value and its price relative to the market?

42.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CA (€15.8) is trading below our estimate of fair value (€27.33)

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


Price To Earnings Ratio

PE vs Industry: CA is unprofitable, so we can't compare its PE Ratio to the Consumer Retailing industry average.

PE vs Market: CA is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CA is overvalued based on its PB Ratio (1.5x) compared to the FR Consumer Retailing industry average (0.8x).


Next Steps

Future Growth

How is Carrefour forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

31.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: CA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CA's is expected to become profitable in the next 3 years.

Revenue vs Market: CA's revenue (2.3% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: CA's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CA's Return on Equity is forecast to be low in 3 years time (10.3%).


Next Steps

Past Performance

How has Carrefour performed over the past 5 years?

-50.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CA is unprofitable, and losses have increased over the past 5 years at a rate of -50.1% per year.

Accelerating Growth: Unable to compare CA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CA is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (0.4%).


Return on Equity

High ROE: CA has a negative Return on Equity (0.95%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Carrefour's financial position?


Financial Position Analysis

Short Term Liabilities: CA's short term assets (€18.8B) do not cover its short term liabilities (€23.9B)

Long Term Liabilities: CA's short term assets (18.8B) exceeds its long term liabilities (16.2B)


Debt to Equity History and Analysis

Debt Level: CA's debt to equity ratio (131.2%) is considered high

Reducing Debt: CA's debt to equity ratio has reduced from 164.6% to 131.2% over the past 5 years.

Debt Coverage: CA's debt is not well covered by operating cash flow (19.2%).

Interest Coverage: CA is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: CA has a high level of physical assets or inventory.

Debt Coverage by Assets: CA's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is Carrefour's current dividend yield, its reliability and sustainability?

2.91%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%4.7%industryaverage3.6%forecastin3Years3.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CA's dividend (2.91%) is higher than the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: CA's dividend (2.91%) is low compared to the top 25% of dividend payers in the French market (4.71%).

Stable Dividend: CA's dividend payments have been volatile in the past 10 years.

Growing Dividend: CA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CA's dividends in 3 years are forecast to be well covered by earnings (39.5% payout ratio).


Next Steps

Management

What is the CEO of Carrefour's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Alexandre Bompard (47yo)

2.3yrs

Tenure

€7,305,055

Compensation

Mr. Alexandre Bompard has been the Chairman and Chief Executive Officer at Carrefour SA July 18, 2017. Mr. Bompard has been Chief Executive Officer of the Fnac Darty group since July 20, 2016. Mr. Bompard  ...


CEO Compensation Analysis

Compensation vs. Market: Alexandre has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the French market.

Compensation vs Earnings: Alexandre's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.0yrs

Average Tenure

53yo

Average Age

Experienced Management: CA's management team is considered experienced (2 years average tenure).


Board Age and Tenure

7.3yrs

Average Tenure

63yo

Average Age

Experienced Board: CA's board of directors are considered experienced (7.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Pierre-Jean Jerome Sivignon (62yo)

    Advisor to The CEO

    • Tenure: 2yrs
    • Compensation: €775.56k
  • Juan Cubillo

    Head of Food Marketing

    • Tenure: 0yrs
  • Alexandre Bompard (47yo)

    Chairman & CEO

    • Tenure: 2.3yrs
    • Compensation: €7.31m
  • Jérôme Nanty (58yo)

    Executive Director of Human Resources for the Group & France

    • Tenure: 2yrs
  • Matthieu Malige

    Chief Financial Officer

    • Tenure: 2yrs
  • Laurent Vallée (48yo)

    General Secretary

    • Tenure: 2.2yrs
  • Christophe Rabatel

    Chief Executive Officer of Poland division

    • Tenure: 1.2yrs
  • Dominique Benneteau-Wood

    Executive Director of Communication for the Group & France

    • Tenure: 1.2yrs

Board Members

  • Charles Edelstenne (81yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: €53.57k
  • Nicolas Bazire (62yo)

    Non-Independent Director

    • Tenure: 11.3yrs
    • Compensation: €75.24k
  • Thierry Breton (64yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: €62.14k
  • Philippe J. Houzé (72yo)

    Lead Director

    • Tenure: 2.3yrs
    • Compensation: €115.00k
  • Abilio dos Santos Diniz (83yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: €53.57k
  • Jean-Laurent Bonnafe (58yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: €42.14k
  • Robert Halley (84yo)

    Honorary Chairman

    • Tenure: 11.4yrs
    • Compensation: €82.50k
  • Alexandre Bompard (47yo)

    Chairman & CEO

    • Tenure: 2.3yrs
    • Compensation: €7.31m
  • Aurore Domont (51yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: €6.43k
  • Stéphane Israël (48yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: €13.10k

Company Information

Carrefour SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carrefour SA
  • Ticker: CA
  • Exchange: ENXTPA
  • Founded: 1959
  • Industry: Hypermarkets and Super Centers
  • Sector: Consumer Retailing
  • Market Cap: €12.601b
  • Shares outstanding: 797.81m
  • Website: https://www.carrefour.com

Number of Employees


Location

  • Carrefour SA
  • 93, Avenue de Paris
  • Massy
  • Ile-de-France
  • 91300
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CARXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1992
CRER.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1992
CAENXTPA (Euronext Paris)YesCommon SharesFREURJan 1992
CARDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992
0NPHLSE (London Stock Exchange)YesCommon SharesGBEURJan 1992
CRRBIT (Borsa Italiana)YesCommon SharesITEURJan 1992
CA NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1992
CARRWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1992
CAPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 1992
CASWX (SIX Swiss Exchange)YesCommon SharesCHCHFJan 1992
CAR1DB (Deutsche Boerse AG)SPON ADR EACH REPR 1/5 SHSDEEURApr 2003
CRRF.YOTCPK (Pink Sheets LLC)SPON ADR EACH REPR 1/5 SHSUSUSDApr 2003

Biography

Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company operates hypermarkets, supermarkets, cash a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:38
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.