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 11,420 - -
Change - -2.46% -3.81% -21.39% 10.38% 13.64% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 19,842 19,316 18,660
Change - 7.03% -5.88% -6.37% 5.62% 1.95% -2.65% -3.39%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.4x 9.59x 9.19x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.02x 0.97x 0.93x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.5x 2.11x
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 4.38x 4.08x 3.76x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.55x 7.79x 7.15x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 11.2x 16.6x 16.9x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 8.96% 6.03% 5.92%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.05 1.071 1.108
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 6.5% 6.64% 6.86%
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% 74.2% 63.6% 63%
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 2,322 2,480 2,612
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 16.14 16.14 16.14
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.($)
20.42x0.88x5.91x6.19% 37.34B
16.59x0.59x6.72x2.93% 27.07B
70.51x3.11x40.8x-.--% 26.11B
26.15x0.83x8.72x3.68% 21.58B
28.01x1.15x14.71x0.44% 22.08B
11.43x0.24x4.39x6.49% 13.03B
16.67x0.39x5.69x3.68% 12.87B
21.31x0.82x8.94x2.67% 10.61B
19.47x0.94x9.3x4.17% 10.16B
Average 25.62x 0.99x 11.69x 3.36% 20.09B
Weighted average by Cap. 27.77x 1.10x 12.72x 3.33%

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