Company Valuation: Carrefour SA

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 11,059 - -
Change - -2.46% -3.81% -21.39% 10.38% 10.05% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 19,481 18,955 18,300
Change - 7.03% -5.88% -6.37% 5.62% 0.09% -2.7% -3.46%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.1x 9.28x 8.9x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 0.99x 0.94x 0.9x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.5x 2.04x
Capitalization / Revenue 0.17x 0.15x 0.14x 0.11x 0.12x 0.13x 0.13x 0.13x
EV / Revenue 0.27x 0.26x 0.24x 0.22x 0.24x 0.24x 0.23x 0.21x
EV / EBITDA 4.29x 4.53x 4.32x 3.97x 4.32x 4.3x 4.01x 3.68x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.4x 7.64x 6.99x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 11x 16.3x 16.6x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 9.12% 6.14% 6.03%
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% 6.66% 6.84% 7.11%
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 15.63 15.63 15.63
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.84x0.86x5.81x6.35% 37.07B
35.35x1.45x18.22x0.34% 27.96B
16.55x0.59x6.71x2.99% 26.55B
70.21x3.11x40.71x-.--% 26.14B
26.13x0.84x9.05x3.54% 22.86B
16.66x0.39x5.69x3.68% 13.11B
11.05x0.24x4.3x6.66% 12.83B
7.34x1.62x5.57x2.76% 10.81B
20.33x0.79x8.61x2.8% 10.3B
Average 24.83x 1.10x 11.63x 3.24% 20.85B
Weighted average by Cap. 27.95x 1.19x 13.07x 3.19%

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