Carmila S.A.

ENXTPA:CARM Stock Report

Market Cap: €2.2b

Carmila Future Growth

Future criteria checks 2/6

Carmila's revenue is forecast to decline at 5.4% per annum while its annual earnings are expected to grow at 18.5% per year. EPS is expected to grow by 15.8% per annum. Return on equity is forecast to be 7.4% in 3 years.

Key information

18.5%

Earnings growth rate

15.76%

EPS growth rate

Retail REITs earnings growth6.9%
Revenue growth rate-5.4%
Future return on equity7.35%
Analyst coverage

Good

Last updated01 Jun 2026

Recent future growth updates

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.
User avatar
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.

Earnings and Revenue Growth Forecasts

ENXTPA:CARM - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284743462423644
12/31/20274843072953525
12/31/20264672822743415
12/31/2025566185313313N/A
9/30/2025568269326326N/A
6/30/2025570352338338N/A
3/31/2025548333317317N/A
12/31/2024525314296296N/A
9/30/2024503183283283N/A
6/30/202448152270270N/A
3/31/202448028273273N/A
12/31/20234783276276N/A
9/30/202347750278278N/A
6/30/202347698280280N/A
3/31/2023469158301301N/A
12/31/2022462219322322N/A
9/30/2022460275339339N/A
6/30/2022457330355355N/A
3/31/2022450261307307N/A
12/31/2021444192258258N/A
9/30/202144769231230N/A
6/30/2021450-53204203N/A
3/31/2021443-126186186N/A
12/31/2020436-199168168N/A
9/30/2020436-122162162N/A
6/30/2020435-45156157N/A
3/31/202044431219219N/A
12/31/2019454108281282N/A
9/30/201944979N/A275N/A
6/30/201944350N/A267N/A
3/31/2019433107N/A255N/A
12/31/2018424164N/A242N/A
9/30/2018398191N/A255N/A
6/30/2018372219N/A268N/A
3/31/2018341262N/AN/AN/A
12/31/2017317314N/A264N/A
9/30/2017310378N/A249N/A
6/30/2017303442N/A233N/A
12/31/2016283295N/A178N/A
9/30/2016288477N/A197N/A
6/30/2016283385N/A207N/A
3/31/2016277355N/A211N/A
12/31/2015271325N/A214N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CARM's forecast earnings growth (18.5% per year) is above the savings rate (2.5%).

Earnings vs Market: CARM's earnings (18.5% per year) are forecast to grow faster than the French market (12.5% per year).

High Growth Earnings: CARM's earnings are forecast to grow, but not significantly.

Revenue vs Market: CARM's revenue is expected to decline over the next 3 years (-5.4% per year).

High Growth Revenue: CARM's revenue is forecast to decline over the next 3 years (-5.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CARM's Return on Equity is forecast to be low in 3 years time (7.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 01:59
End of Day Share Price 2026/06/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Valerie Jacob GueziBernstein
Samuel KingBNP Paribas
Robert JonesBNP Paribas