Company Valuation: Carrefour

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,343 12,040 11,582 9,105 10,050 11,555 - -
Change - -2.46% -3.81% -21.39% 10.38% 14.97% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 19,976 19,450 18,795
Change - 7.03% -5.88% -6.37% 5.62% 2.64% -2.63% -3.37%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.5x 9.7x 9.3x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.03x 0.99x 0.94x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.5x 2.13x
Capitalization / Revenue 0.17x 0.15x 0.14x 0.11x 0.12x 0.14x 0.14x 0.13x
EV / Revenue 0.27x 0.26x 0.24x 0.22x 0.24x 0.24x 0.23x 0.22x
EV / EBITDA 4.29x 4.53x 4.32x 3.97x 4.32x 4.41x 4.11x 3.78x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.61x 7.84x 7.18x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 11.2x 16.7x 17x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 8.9% 5.98% 5.87%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.041 1.068 1.111
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 6.38% 6.54% 6.8%
EPS 2 1.362 1.8 2.324 1.013 0.4671 1.414 1.683 1.757
Distribution rate 38.2% 31.1% 37.4% 90.9% 208% 73.6% 63.5% 63.2%
Net sales 1 72,958 81,385 83,270 85,445 82,102 82,020 83,545 85,689
EBITDA 1 4,550 4,613 4,559 4,637 4,506 4,526 4,732 4,968
EBIT 1 2,272 2,377 2,264 2,213 2,158 2,320 2,481 2,619
Net income 1 1,072 1,348 1,659 723 319 1,022 1,187 1,218
Net Debt 1 7,195 8,871 8,099 9,323 9,413 8,421 7,896 7,240
Reference price 2 16.10 15.64 16.56 13.73 14.23 16.33 16.33 16.33
Nbr of stocks (in thousands) 766,438 769,845 699,183 663,135 706,234 707,563 - -
Announcement Date 2/16/22 2/14/23 2/20/24 2/19/25 2/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.98x0.86x5.82x6.3% 37.31B
35.26x1.45x18.18x0.34% 27.89B
16.92x0.6x6.81x2.93% 27.37B
69.89x3.09x40.53x-.--% 26.33B
27.22x0.84x9.08x3.52% 22.93B
16.84x0.39x5.73x3.64% 13.23B
11.45x0.24x4.39x6.43% 13.28B
7.31x1.63x5.57x2.74% 10.84B
20.82x0.8x8.77x2.74% 10.59B
Average 25.08x 1.10x 11.65x 3.18% 21.09B
Weighted average by Cap. 28.09x 1.18x 13.03x 3.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield