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 11,463 - -
Change - -2.46% -3.81% -21.39% 10.38% 14.06% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 19,884 19,358 18,703
Change - 7.03% -5.88% -6.37% 5.62% 2.16% -2.64% -3.39%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.5x 9.62x 9.22x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.02x 0.98x 0.93x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.5x 2.12x
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 4.39x 4.09x 3.76x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.57x 7.81x 7.16x
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% 8.94% 6.01% 5.9%
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% 6.48% 6.61% 6.84%
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 16.20 16.20 16.20
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.($)
20.54x0.88x5.92x6.16% 36.95B
16.47x0.59x6.69x2.95% 27.04B
70.5x3.11x40.79x-.--% 26.09B
28.06x1.15x14.73x0.44% 22.12B
26.49x0.83x8.81x3.63% 21.8B
11.46x0.24x4.39x6.48% 13.06B
16.6x0.39x5.67x3.7% 12.81B
21.13x0.81x8.88x2.7% 10.56B
19.76x0.95x9.41x4.11% 10.33B
Average 25.67x 1.00x 11.70x 3.35% 20.09B
Weighted average by Cap. 27.83x 1.11x 12.74x 3.31%

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