Stock Analysis Report

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Crédit Agricole

Executive Summary

Crédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. More Details

Snowflake Analysis

Established dividend payer with proven track record.

Similar Companies

Share Price & News

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

Latest Share Price and Events

Stable Share Price: ACA is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ACA's weekly volatility (7%) has been stable over the past year.

Market Performance

7 Day Return




IT Banks


IT Market

1 Year Return




IT Banks


IT Market

Return vs Industry: ACA exceeded the Italian Banks industry which returned -20.3% over the past year.

Return vs Market: ACA underperformed the Italian Market which returned -7.8% over the past year.

Shareholder returns

7 Day4.4%-2.4%-0.3%
30 Day50.7%30.6%21.0%
90 Day20.7%5.0%9.1%
1 Year-15.3%-15.3%-18.5%-20.1%-4.9%-7.4%
3 Year-19.3%-28.0%-29.2%-36.5%-0.1%-9.9%
5 Year19.7%-4.1%-41.8%-63.6%8.3%-25.5%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News

No news available


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ACA (€10.18) is trading above our estimate of fair value (€6.54)

Significantly Below Fair Value: ACA is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: ACA is good value based on its PE Ratio (7x) compared to the IT Banks industry average (10x).

PE vs Market: ACA is good value based on its PE Ratio (7x) compared to the Italian market (18.1x).

Price to Earnings Growth Ratio

PEG Ratio: ACA is good value based on its PEG Ratio (0.6x)

Price to Book Ratio

PB vs Industry: ACA's PB Ratio (0.4x) is in line with the IT Banks industry average.

Next Steps

Future Growth

How is Crédit Agricole forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACA's forecast earnings growth (11.3% per year) is above the savings rate (2%).

Earnings vs Market: ACA's earnings (11.3% per year) are forecast to grow slower than the Italian market (24.7% per year).

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

Revenue vs Market: ACA's revenue (2.8% per year) is forecast to grow slower than the Italian market (3.2% per year).

High Growth Revenue: ACA's revenue (2.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ACA's Return on Equity is forecast to be low in 3 years time (6.5%).

Next Steps

Past Performance

How has Crédit Agricole performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACA has high quality earnings.

Growing Profit Margin: ACA's current net profit margins (22.2%) are higher than last year (19.1%).

Past Earnings Growth Analysis

Earnings Trend: ACA's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: ACA's earnings growth over the past year (11.7%) is below its 5-year average (16.2% per year).

Earnings vs Industry: ACA earnings growth over the past year (11.7%) exceeded the Banks industry -5.3%.

Return on Equity

High ROE: ACA's Return on Equity (7%) is considered low.

Next Steps

Financial Health

How is Crédit Agricole's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: ACA's Assets to Equity ratio (27.5x) is very high.

Allowance for Bad Loans: ACA has a low allowance for bad loans (74%).

Low Risk Liabilities: 50% of ACA's liabilities are made up of primarily low risk sources of funding.

Loan Level: ACA has an appropriate level of Loans to Assets ratio (27%).

Low Risk Deposits: ACA's Loans to Deposits ratio (55%) is appropriate.

Level of Bad Loans: ACA has a high level of bad loans (2.7%).

Next Steps


What is Crédit Agricole current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ACA's dividend (7.24%) is higher than the bottom 25% of dividend payers in the Italian market (1.49%).

High Dividend: ACA's dividend (7.24%) is in the top 25% of dividend payers in the Italian market (4.75%)

Stability and Growth of Payments

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

Growing Dividend: ACA's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.4%), ACA's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: ACA's dividends in 3 years are forecast to be covered by earnings (53.2% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Philippe Brassac (61 yo)





Mr. Philippe Brassac serves as Chairman at Credit Agricole Corporate and Investment Bank. He has been the President of Federation Bancaire Francaise since September 01, 2016. He serves as Director at Fonda...

CEO Compensation Analysis

Compensation vs Market: Philippe's total compensation ($USD2.82M) is below average for companies of similar size in the Italian market ($USD6.42M).

Compensation vs Earnings: Philippe's compensation has been consistent with company performance over the past year.

Leadership Team

Philippe Brassac
CEO & Chair of the French Banking Federation5.5yrs€2.36mno data
Xavier Musca
Deputy Chief Executive Officer8.33yrs€1.33m0.00063%
€ 175.6k
Jerome Grivet
Deputy GM & CFO5.83yrsno datano data
Michel Ganzin
Deputy GMno datano datano data
Clotilde L'Angevin
Head of Investor Relations1.83yrsno datano data
Cyril Meilland
Head of Investors Relationsno datano datano data
Pierre Minor
Head of Legal Affairs5yrsno datano data
Martine Boutinet
Group Head of Complianceno datano datano data
Denis Marquet
Head of Group Communications9.83yrsno datano data
Veronique Faujour
Head of Marketing & Communication and Company Secretary0.17yrno datano data
Bénédicte Chrétien
Group Head of Human Resources4.67yrsno datano data
Yves Perrier
Deputy GM and Head of Savings Management & Property16.5yrsno datano data


Average Tenure


Average Age

Experienced Management: ACA's management team is seasoned and experienced (5.5 years average tenure).

Board Members

François Heyman
€ 0
Noël Dupuy
Chairman of the Crcam Touraine & Poitou and Director of the Fncano data€20.90kno data
Laurence Dors
Independent Director11.5yrs€72.24k0.000040%
€ 11.2k
Dominique Lefebvre
Chairman of the Board5yrs€560.00k0.00015%
€ 41.8k
Françoise Gri
Independent Director8.5yrs€123.62k0.000070%
€ 19.5k
M. Cazals
Chairman & Director of the CRCAM Toulouse et Midi Toulousainno data€9.90kno data
Caroline Catoire
Independent Director9.5yrs€56.35k0.000040%
€ 11.2k
Pierre Cambefort
€ 0
Raphaël Appert
Deputy Chairmanno data€43.12k0.00029%
€ 80.9k
Monica Mondardini
Independent Director10.5yrs€45.34k0.000020%
€ 5.6k
Pascale Berger
€ 0
Catherine Pourre
Independent Director3.5yrs€115.02k0%
€ 0


Average Tenure


Average Age

Experienced Board: ACA's board of directors are considered experienced (8.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Crédit Agricole S.A.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Crédit Agricole S.A.
  • Ticker: ACA
  • Exchange: BIT
  • Founded:
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €27.880b
  • Shares outstanding: 2.88b
  • Website:

Number of Employees


  • Crédit Agricole S.A.
  • 12, place des États-Unis
  • Cedex
  • Montrouge
  • Ile-de-France
  • 92127
  • France


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRAR.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDDec 2001
XCADB (Deutsche Boerse AG)YesRegistered SharesDEEURDec 2001
ACAENXTPA (Euronext Paris)YesRegistered SharesFREURDec 2001
0HAILSE (London Stock Exchange)YesRegistered SharesGBEURDec 2001
ACABIT (Borsa Italiana)YesRegistered SharesITEURDec 2001
XCAXTRA (XETRA Trading Platform)YesRegistered SharesDEEURDec 2001
ACAPBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURDec 2001
ACAWBAG (Wiener Boerse AG)YesRegistered SharesATEURDec 2001
ACAF NBMV (Bolsa Mexicana de Valores)YesRegistered SharesMXMXNDec 2001
XCAUBST (Boerse-Stuttgart)ADRDEEUROct 2008
45906221BDL (Bourse de Luxembourg)8.125%-FRN T1 PERP GBP50000 'REGS'LUGBPOct 2009


Crédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through five segments: Asset Gathering; French Retail Banking - LCL; Internat...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 19:10
End of Day Share Price2020/12/01 00:00
Annual Earnings2019/12/31

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.