OTCPK:CRAR.F

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Established dividend payer and fair value.


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


Market Performance


7 Day Return

7.1%

CRAR.F

1.4%

US Banks

1.0%

US Market


1 Year Return

-11.7%

CRAR.F

0.2%

US Banks

6.7%

US Market

Return vs Industry: CRAR.F underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: CRAR.F underperformed the US Market which returned 6.7% over the past year.


Share holder returns

CRAR.FIndustryMarket
7 Day7.1%1.4%1.0%
30 Day11.2%-2.6%-1.8%
90 Dayn/a0.8%-1.8%
1 Year-11.7%-11.7%3.1%0.2%9.1%6.7%
3 Year24.1%24.1%52.0%41.5%46.1%36.6%
5 Year-9.1%-9.1%69.7%51.2%66.9%48.6%

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

Valuation

Is Crédit Agricole undervalued based on future cash flows and its price relative to the stock market?

8.85x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: CRAR.F ($12.41) is trading above our estimate of fair value ($8.47)

Significantly Undervalued: CRAR.F is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: CRAR.F is good value based on its PE Ratio (8.9x) compared to the Banks industry average (12.5x).

PE vs Market: CRAR.F is good value based on its PE Ratio (8.9x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: CRAR.F is poor value based on its PEG Ratio (1.9x)


Price Based on Value of Assets

PB vs Industry: CRAR.F is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (1.2x).


Next Steps

  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Crédit Agricole expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: CRAR.F's forecast earnings growth (4.8% per year) is above the savings rate (2.7%).

Earnings vs Market: CRAR.F's earnings (4.8% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: CRAR.F's revenue (3.1% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CRAR.F's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: CRAR.F's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Crédit Agricole performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CRAR.F's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: CRAR.F's earnings growth over the past year (8.9%) is below its 5-year average (15% per year).

Earnings vs Industry: CRAR.F earnings growth over the past year (8.9%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: CRAR.F's Return on Equity (6.9%) is considered low.


Return on Assets

ROA vs Industry: CRAR.F's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CRAR.F's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: CRAR.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: CRAR.F's debt is covered by short term assets (assets are 1.800870x debt).


Financial Institutions Analysis

Asset Level: CRAR.F's level of assets compared to its equity is very high.

Allowance for Bad Loans: CRAR.F has a low allowance for bad loans.

Low Risk Liabilities: CRAR.F's liabilities are made up of primarily higher risk sources of funding.

Loan Level: CRAR.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CRAR.F's loans are broadly funded by customer deposits.

Level of Bad Loans: CRAR.F has a high level of bad loans (2.74%)


Next Steps

Dividend

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

6.36%

Expected Dividend Yield


Dividend Yield vs Market

company6.1%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years6.4%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: CRAR.F's dividend (6.15%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: CRAR.F's dividend (6.15%) is in the top 25% of dividend payers in the US market (3.77%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.4%), CRAR.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRAR.F's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Philippe Brassac (60yo)

4.4yrs

Tenure

€2,214,767

Compensation

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. Mr. Brassac serves as the Chie ...


CEO Compensation Analysis

Compensation vs. Market: Philippe's total compensation ($USD2.45M) is about average for companies of similar size in the US market ($USD11.20M).

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


Management Age and Tenure

4.6yrs

Average Tenure

59yo

Average Age

Experienced Management: CRAR.F's management team is considered experienced (4.6 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

62yo

Average Age

Experienced Board: CRAR.F's board of directors are considered experienced (7.4 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

  • Jérôme Grivet (57yo)

    Deputy GM

    • Tenure: 4.8yrs
  • Xavier Musca (59yo)

    Deputy Chief Executive Officer

    • Tenure: 7.3yrs
    • Compensation: €1.31m
  • Cyril Meilland

    Head of Investors Relations

    • Tenure: 0yrs
  • Philippe Brassac (60yo)

    Chief Executive Officer

    • Tenure: 4.4yrs
    • Compensation: €2.21m
  • Stéphane Priami

    Group Head of Compliance

    • Tenure: 0yrs
  • Pierre Minor (66yo)

    Head of Legal Affairs

    • Tenure: 3.9yrs
  • Clotilde L'Angevin (41yo)

    Head of Investor Relations

    • Tenure: 0.8yrs
  • Denis Marquet

    Head of Group Communications

    • Tenure: 8.8yrs
  • Véronique Faujour

    Head of Marketing & Communication

    • Tenure: 0yrs
  • Michel Ganzin

    Deputy General Manager

    • Tenure: 0yrs

Board Members

  • Noël Dupuy (72yo)

    Chairman of the Crcam Touraine & Poitou and Director of the Fnca

    • Tenure: 0yrs
    • Compensation: €42.50k
  • Laurence Dors (63yo)

    Independent Director

    • Tenure: 10.4yrs
    • Compensation: €64.68k
  • Dominique Lefebvre (58yo)

    Chairman of the Board

    • Tenure: 3.9yrs
    • Compensation: €560.00k
  • Véronique Flachaire (62yo)

    Director

    • Tenure: 9.7yrs
    • Compensation: €45.08k
  • Françoise Gri (62yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: €123.62k
  • M. Cazals (72yo)

    Chairman & Director of the CRCAM Toulouse et Midi Toulousain

    • Tenure: 0yrs
    • Compensation: €19.80k
  • Pierre Cambefort (55yo)

    Non-Voting Director

    • Tenure: 1yrs
    • Compensation: €8.40k
  • Raphaël Appert (58yo)

    Deputy Chairman

    • Tenure: 0yrs
    • Compensation: €45.01k
  • Monica Mondardini (59yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: €52.32k
  • Catherine Pourre (62yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: €124.00k

Company Information

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


Key Information

  • Name: Crédit Agricole S.A.
  • Ticker: CRAR.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €32.336b
  • Listing Market Cap: €35.730b
  • Shares outstanding: 2.88b
  • Website: https://www.credit-agricole.com

Number of Employees


Location

  • Crédit Agricole S.A.
  • 50 Avenue Jean Jaurès
  • Montrouge
  • Ile-de-France
  • 92120
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRAR.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDDec 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
XCADB (Deutsche Boerse AG)YesRegistered SharesDEEURDec 2001
ACAWBAG (Wiener Boerse AG)YesRegistered SharesATEURDec 2001
ACAPBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURDec 2001
CRAR.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008
A1AN0RDB (Deutsche Boerse AG)8.125%-FRN T1 PERP GBP50000 'REGS'DEGBPOct 2009
45906221BDL (Bourse de Luxembourg)8.125%-FRN T1 PERP GBP50000 'REGS'LUGBPOct 2009
13DPLSE (London Stock Exchange)8.125%-FRN T1 PERP GBP50000 'REGS'GBGBPOct 2009

Biography

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 Analysis2019/10/14 01:35
End of Day Share Price2019/10/11 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.

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