OTCPK:CRAR.Y

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Established dividend payer and good 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

Stable Share Price: CRAR.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.0%

CRAR.Y

1.3%

US Banks

1.8%

US Market


1 Year Return

-20.2%

CRAR.Y

-25.9%

US Banks

14.2%

US Market

Return vs Industry: CRAR.Y exceeded the US Banks industry which returned -25.9% over the past year.

Return vs Market: CRAR.Y underperformed the US Market which returned 14.2% over the past year.


Shareholder returns

CRAR.YIndustryMarket
7 Day-1.0%1.3%1.8%
30 Day-2.0%0.4%0.04%
90 Day12.6%-2.0%9.8%
1 Year-20.2%-20.2%-23.2%-25.9%16.7%14.2%
3 Year-41.2%-45.6%-14.2%-21.2%41.6%32.2%
5 Year-0.3%-14.9%25.0%9.6%90.9%69.5%

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 compared to its fair value and its price relative to the market?

6.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CRAR.Y ($4.93) is trading above our estimate of fair value ($2.88)

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


Price To Earnings Ratio

PE vs Industry: CRAR.Y is good value based on its PE Ratio (6.1x) compared to the US Banks industry average (9.8x).

PE vs Market: CRAR.Y is good value based on its PE Ratio (6.1x) compared to the US market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: CRAR.Y is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: CRAR.Y is good value based on its PB Ratio (0.4x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRAR.Y's forecast earnings growth (10.5% per year) is above the savings rate (2.2%).

Earnings vs Market: CRAR.Y's earnings (10.5% per year) are forecast to grow slower than the US market (23.3% per year).

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

Revenue vs Market: CRAR.Y's revenue (2.4% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: CRAR.Y's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRAR.Y's Return on Equity is forecast to be low in 3 years time (6.1%).


Next Steps

  • Explore growth companies in the Banks industry.

Past Performance

How has Crédit Agricole performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRAR.Y has high quality earnings.

Growing Profit Margin: CRAR.Y's current net profit margins (21.5%) are higher than last year (19.5%).


Past Earnings Growth Analysis

Earnings Trend: CRAR.Y's earnings have grown by 16.3% per year over the past 5 years.

Accelerating Growth: CRAR.Y's earnings growth over the past year (8.1%) is below its 5-year average (16.3% per year).

Earnings vs Industry: CRAR.Y earnings growth over the past year (8.1%) exceeded the Banks industry -3.1%.


Return on Equity

High ROE: CRAR.Y's Return on Equity (7.1%) 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: CRAR.Y's Assets to Equity ratio (27.5x) is very high.

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

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

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

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

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


Next Steps

Dividend

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

8.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRAR.Y's dividend (8.37%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: CRAR.Y's dividend (8.37%) is in the top 25% of dividend payers in the US market (4.65%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.5%), CRAR.Y's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRAR.Y's dividends in 3 years are forecast to be well covered by earnings (49.7% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Philippe Brassac (61 yo)

5.33yrs

Tenure

€2,357,300

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. He serves as Director at Fonda ...


CEO Compensation Analysis

Compensation vs Market: Philippe's total compensation ($USD2.79M) is below average for companies of similar size in the US market ($USD11.31M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Philippe Brassac
CEO & Chair of the French Banking Federation5.33yrs€2.36mno data
Xavier Musca
Deputy Chief Executive Officer8.17yrs€1.33m0.00063%
€ 179.8k
Jerome Grivet
Deputy GM & CFO5.67yrsno datano data
Michel Ganzin
Deputy GMno datano datano data
Clotilde L'Angevin
Head of Investor Relations1.67yrsno datano data
Cyril Meilland
Head of Investors Relationsno datano datano data
Pierre Minor
Head of Legal Affairs4.83yrsno datano data
Martine Boutinet
Group Head of Complianceno datano datano data
Denis Marquet
Head of Group Communications9.67yrsno datano data
Bénédicte Chrétien
Group Head of Human Resources4.5yrsno datano data
Yves Perrier
Deputy GM and Head of Savings Management & Property16.33yrsno datano data
Hervé Delachaume
Head of IDIA’s Agricapital Businessno datano datano data

5.5yrs

Average Tenure

60.5yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
François Heyman
Director8.25yrs€43.22k0%
€ 0
Noël Dupuy
Chairman of the Crcam Touraine & Poitou and Director of the Fncano data€20.90kno data
Laurence Dors
Independent Director11.33yrs€72.24k0.000040%
€ 11.4k
Dominique Lefebvre
Chairman of the Board4.83yrs€560.00k0.00015%
€ 42.8k
Françoise Gri
Independent Director8.33yrs€123.62k0.000070%
€ 20.0k
M. Cazals
Chairman & Director of the CRCAM Toulouse et Midi Toulousainno data€9.90kno data
Caroline Catoire
Independent Director9.33yrs€56.35k0.000040%
€ 11.4k
Pierre Cambefort
Director0.33yr€28.00k0%
€ 0
Raphaël Appert
Deputy Chairmanno data€43.12k0.00029%
€ 82.8k
Monica Mondardini
Independent Director10.33yrs€45.34k0.000020%
€ 5.7k
Pascale Berger
Director7.33yrs€29.81k0%
€ 0
Catherine Pourre
Independent Director3.33yrs€115.02k0%
€ 0

8.3yrs

Average Tenure

62yo

Average Age

Experienced Board: CRAR.Y's board of directors are considered experienced (8.3 years average tenure).


Ownership

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: CRAR.Y
  • Exchange: OTCPK
  • Founded:
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €24.100b
  • Listing Market Cap: €28.544b
  • Shares outstanding: 2.88b
  • Website: https://www.credit-agricole.com

Number of Employees


Location

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

Listings

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
CRAR.YOTCPK (Pink Sheets LLC)ADR EA REPR 0.5 ORD EUR3.0USUSDOct 2008
XCAUBST (Boerse-Stuttgart)ADR EA REPR 0.5 ORD EUR3.0DEEUROct 2008
45906221BDL (Bourse de Luxembourg)8.125%-FRN T1 PERP GBP50000 'REGS'LUGBPOct 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 Analysis2020/09/18 05:43
End of Day Share Price2020/09/16 00:00
Earnings2020/06/30
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.