Carmila (CARM) Stock Overview
A leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
CARM Community Fair Values
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Analyst Price Targets
Carmila S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €15.96 |
| 52 Week High | €18.84 |
| 52 Week Low | €15.46 |
| Beta | 0.69 |
| 1 Month Change | -7.64% |
| 3 Month Change | -10.84% |
| 1 Year Change | -10.84% |
| 3 Year Change | 17.18% |
| 5 Year Change | 21.09% |
| Change since IPO | -45.53% |
Recent News & Updates
Narrative Update • May 21
CARM: Upcoming Board Meetings Will Support Confidence In Future Upside
The analyst price target for Carmila has been adjusted slightly from about €21.42 to about €21.28. Analysts cite updated assumptions for the discount rate and future P/E as the key drivers behind this small change.Narrative Update • Apr 22
CARM: Higher 2025 Dividend And Buyback Plan Will Support Future Upside
Analysts have nudged their price target for Carmila slightly higher from €21.33 to €21.42, citing updated fair value estimates and refreshed assumptions around the discount rate and future P/E. What's in the News Carmila plans to recommend a dividend of €1.36 per share for 2025, which is stated to be 9% higher than the prior level (Key Developments).Narrative Update • Apr 07
CARM: Dividend Increase And Buyback Plan Will Support Future Upside
Analysts have kept Carmila's fair value estimate steady at €21.33 per share, with only minor technical adjustments to the discount rate and future P/E assumptions influencing this latest price target update. What's in the News Carmila plans a Board Meeting on February 18, 2026, giving the Board a formal date to review upcoming corporate matters (Key Developments).Recent updates
Narrative Update • May 21
CARM: Upcoming Board Meetings Will Support Confidence In Future Upside
The analyst price target for Carmila has been adjusted slightly from about €21.42 to about €21.28. Analysts cite updated assumptions for the discount rate and future P/E as the key drivers behind this small change.Narrative Update • Apr 22
CARM: Higher 2025 Dividend And Buyback Plan Will Support Future Upside
Analysts have nudged their price target for Carmila slightly higher from €21.33 to €21.42, citing updated fair value estimates and refreshed assumptions around the discount rate and future P/E. What's in the News Carmila plans to recommend a dividend of €1.36 per share for 2025, which is stated to be 9% higher than the prior level (Key Developments).Narrative Update • Apr 07
CARM: Dividend Increase And Buyback Plan Will Support Future Upside
Analysts have kept Carmila's fair value estimate steady at €21.33 per share, with only minor technical adjustments to the discount rate and future P/E assumptions influencing this latest price target update. What's in the News Carmila plans a Board Meeting on February 18, 2026, giving the Board a formal date to review upcoming corporate matters (Key Developments).Narrative Update • Mar 24
CARM: Buyback And Higher Dividend Will Drive Future Upside
Analysts have lifted their Carmila price target slightly, from €21.18 to €21.33, reflecting updated assumptions around discount rates, profit margins and a lower future P/E multiple. What's in the News Carmila's Board of Directors plans to consider a share repurchase program, which would allow the company to buy back its own shares (Key Developments).Narrative Update • Mar 05
CARM: Retail Media Partnership And Higher Dividend Will Drive Future Upside
Analysts have nudged their price target for Carmila slightly higher to about €21.18 from roughly €21.02, citing updated assumptions around discount rates, revenue trends, profit margins, and a lower future P/E multiple. What's in the News Carmila S.A. plans to recommend a dividend of €1.36 per share for 2025, which is 9% higher than the prior level and signals a change in the proposed cash return to shareholders (Key Developments).Narrative Update • Feb 19
CARM: Retail Media Expansion And Higher Dividend Will Support Future Upside
Analysts have kept their €21.02 price target for Carmila unchanged, citing a slightly higher discount rate and P/E assumptions, along with more conservative views on revenue growth and profit margins. What's in the News Carmila S.A. plans to recommend a dividend of €1.36 per share for 2025, described as 9% higher than the prior level and signalling a focus on returning cash to shareholders (Key Developments).Narrative Update • Feb 05
CARM: Retail Media Rollout Will Support Future Upside Potential
Analysts have raised their price target for Carmila slightly to €21.02 from €20.94, citing small adjustments to the discount rate, revenue trajectory, profit margin assumptions and a modestly higher future P/E multiple. What's in the News JCDecaux SE plans to roll out indoor Digital Out of Home screens in Carrefour and Carmila shopping centres in France first, followed by Spain, as part of a broader advertising partnership.Narrative Update • Jan 22
CARM: Retail Media Partnership Will Support Future Upside Potential
Analysts have reduced their price target for Carmila from €21.22 to €20.94. This adjustment reflects updated views on its discount rate, revenue trajectory, profit margins and future P/E assumptions.Narrative Update • Jan 07
CARM: Confirmed 2025 Earnings And Buybacks Will Support Further Upside
Analysts have trimmed their price target on Carmila slightly to €21.22 from €21.28, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that together point to a marginally lower fair value estimate. What's in the News Carmila confirmed earnings guidance for full year 2025, with recurring earnings per share expected at €1.79, described as 7.0% growth versus 2024 (Key Developments).Narrative Update • Dec 17
CARM: Confirmed 2025 Earnings And Share Buybacks Will Drive Future Upside
Analysts have modestly raised their price target on Carmila by approximately €0.01, citing slightly higher long term discount rate assumptions and a marginally richer future earnings multiple, while maintaining largely unchanged views on fair value, revenue growth, and profit margins. What's in the News Carmila confirmed its full year 2025 earnings guidance, expecting recurring EPS of €1.79, implying 7.0% growth versus 2024 (Corporate Guidance).Narrative Update • Dec 03
CARM: Share Buybacks Will Support Future Upside From Confirmed Earnings Guidance
Analysts have nudged their price target for Carmila slightly higher to approximately €21.28 per share from about €21.00. This reflects marginally lower perceived risk and steady long term margin expectations, despite muted growth assumptions.Narrative Update • Nov 19
CARM: Share Buyback Plan And Higher Profit Margin Will Drive Upside
Analysts have slightly adjusted their price target for Carmila, maintaining it at €21.28 per share. This decision is based on updated forecasts that reflect minor changes in revenue growth expectations and profit margins.Narrative Update • Nov 04
CARM: Share Repurchase Plan And Buyback Approval Will Drive Shareholder Value
Analysts have raised their price target for Carmila from €20.70 to €21.28. This reflects slightly improved revenue growth expectations and a lower discount rate, despite a modest reduction in projected profit margins.
New Narrative • Feb 23
Integrating Galimmo's 51 Shopping Centers Will Improve Operations But High Debt May Pose Risks
Successful Galimmo integration and robust leasing activity are driving revenue growth, enhancing operational capabilities, and boosting earnings and net asset value for Carmila.Shareholder Returns
| CARM | FR Retail REITs | FR Market | |
|---|---|---|---|
| 7D | -3.3% | 1.9% | 2.0% |
| 1Y | -10.8% | 11.6% | 1.3% |
Return vs Industry: CARM underperformed the French Retail REITs industry which returned 11.6% over the past year.
Return vs Market: CARM underperformed the French Market which returned 1.3% over the past year.
Price Volatility
| CARM volatility | |
|---|---|
| CARM Average Weekly Movement | 3.3% |
| Retail REITs Industry Average Movement | 3.2% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in FR Market | 10.6% |
| 10% least volatile stocks in FR Market | 3.0% |
Stable Share Price: CARM has not had significant price volatility in the past 3 months compared to the French market.
Volatility Over Time: CARM's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1991 | 259 | Marie Cheval | www.carmila.com |
Carmila S.A. is a leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy. As of December 31, 2025, Carmila’s portfolio was valued at 6.7 billion euros. Welcoming over 600 million visitors each year, Carmila creates local life hubs, vibrant places that are essential to everyday life.
Carmila S.A. Fundamentals Summary
| CARM fundamental statistics | |
|---|---|
| Market cap | €2.23b |
| Earnings (TTM) | €185.47m |
| Revenue (TTM) | €566.42m |
12.0x
P/E Ratio3.9x
P/S RatioIs CARM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CARM income statement (TTM) | |
|---|---|
| Revenue | €566.42m |
| Cost of Revenue | €140.79m |
| Gross Profit | €425.62m |
| Other Expenses | €240.15m |
| Earnings | €185.47m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Jul 29, 2026
| Earnings per share (EPS) | 1.33 |
| Gross Margin | 75.14% |
| Net Profit Margin | 32.74% |
| Debt/Equity Ratio | 78.7% |
How did CARM perform over the long term?
See historical performance and comparisonDividends
7.8%
Current Dividend Yield56%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/24 13:00 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Carmila S.A. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Valerie Jacob Guezi | Bernstein |
| Samuel King | BNP Paribas |
| Robert Jones | BNP Paribas |