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 11,282 - -
Change - -2.46% -3.81% -21.39% 10.38% 12.26% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 19,704 19,178 18,522
Change - 7.03% -5.88% -6.37% 5.62% 1.24% -2.67% -3.42%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.3x 9.47x 9.08x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.01x 0.96x 0.91x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.5x 2.08x
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 4.35x 4.05x 3.73x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.49x 7.73x 7.07x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 11.1x 16.5x 16.8x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 9.02% 6.07% 5.96%
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% 6.53% 6.7% 6.97%
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 15.94 15.94 15.94
Nbr of stocks (in thousands) 766,438 769,845 699,183 663,135 706,234 707,563 - -
Announcement Date 16/02/22 14/02/23 20/02/24 19/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.22x0.87x5.89x6.23% 37.82B
37.81x1.55x19.39x0.32% 29.87B
16.73x0.59x6.76x2.96% 26.95B
70.14x3.11x40.67x-.--% 26.17B
26.03x0.85x9.14x3.5% 23.05B
16.85x0.39x5.73x3.64% 13.3B
11.27x0.24x4.35x6.53% 13.14B
7.53x1.68x5.68x2.89% 11.21B
19.95x0.78x8.48x2.86% 10.19B
Average 25.17x 1.12x 11.79x 3.21% 21.3B
Weighted average by Cap. 28.38x 1.21x 13.26x 3.14%

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