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 11,572 - -
Change - -2.46% -3.81% -21.39% 10.38% 15.14% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 20,247 19,806 19,305
Change - 7.03% -5.88% -6.37% 5.62% 4.03% -2.18% -2.53%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 9.77x 9.6x 9.16x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.02x 0.97x 0.92x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 5.42x 1.9x
Capitalization / Revenue 0.17x 0.15x 0.14x 0.11x 0.12x 0.14x 0.14x 0.14x
EV / Revenue 0.27x 0.26x 0.24x 0.22x 0.24x 0.25x 0.24x 0.23x
EV / EBITDA 4.29x 4.53x 4.32x 3.97x 4.32x 4.34x 4.16x 3.85x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.55x 7.9x 7.28x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 13.3x 16.8x 18.2x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 7.54% 5.94% 5.49%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.033 1.059 1.1
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 6.31% 6.46% 6.71%
EPS 2 1.362 1.8 2.324 1.013 0.4671 1.677 1.707 1.789
Distribution rate 38.2% 31.1% 37.4% 90.9% 208% 61.6% 62% 61.5%
Net sales 1 72,958 81,385 83,270 85,445 82,102 81,970 83,255 85,003
EBITDA 1 4,550 4,613 4,559 4,637 4,506 4,662 4,765 5,013
EBIT 1 2,272 2,377 2,264 2,213 2,158 2,368 2,507 2,652
Net income 1 1,072 1,348 1,659 723 319 1,176 1,189 1,211
Net Debt 1 7,195 8,871 8,099 9,323 9,413 8,676 8,234 7,733
Reference price 2 16.10 15.64 16.56 13.73 14.23 16.38 16.38 16.38
Nbr of stocks (in thousands) 766,438 769,845 699,183 663,135 706,234 706,234 - -
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.($)
21.8x0.93x6.3x5.75% 39.09B
91.94x4.08x54x-.--% 29.69B
36.66x1.5x18.81x0.33% 28.81B
16.23x0.63x7.15x3.11% 27.22B
29.47x0.92x9.93x3.16% 22.56B
15.11x0.38x5.49x3.96% 12.36B
7.8x1.81x5.93x2.52% 11.84B
19.99x0.75x8.3x2.87% 9.66B
15.42x0.38x5.79x4.64% 9.27B
Average 28.27x 1.26x 13.52x 2.93% 21.17B
Weighted average by Cap. 33.38x 1.45x 16.18x 2.83%

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