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 11,098 - -
Change - -2.46% -3.81% -21.39% 10.38% 10.43% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 19,520 18,994 18,338
Change - 7.03% -5.88% -6.37% 5.62% 0.29% -2.69% -3.45%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 11.5x 9.32x 8.93x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 0.99x 0.95x 0.9x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 0.4x 2.05x
Capitalization / Revenue 0.17x 0.15x 0.14x 0.11x 0.12x 0.14x 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 4.32x 4.03x 3.7x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.39x 7.63x 6.97x
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% 9.11% 6.13% 6.02%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.041 1.066 1.112
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 6.64% 6.79% 7.09%
EPS 2 1.362 1.8 2.324 1.013 0.4671 1.365 1.684 1.757
Distribution rate 38.2% 31.1% 37.4% 90.9% 208% 76.3% 63.3% 63.3%
Net sales 1 72,958 81,385 83,270 85,445 82,102 82,052 83,670 86,027
EBITDA 1 4,550 4,613 4,559 4,637 4,506 4,523 4,716 4,960
EBIT 1 2,272 2,377 2,264 2,213 2,158 2,326 2,489 2,632
Net income 1 1,072 1,348 1,659 723 319 1,046 1,185 1,206
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 15.68 15.68 15.68
Nbr of stocks (in thousands) 766,438 769,845 699,183 663,135 706,234 707,563 - -
Announcement Date 2/16/22 A 2/14/23 A 2/20/24 A 2/19/25 A 2/17/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.32x0.9x5.85x5.44% 39.15B
40.22x1.63x20.54x0.3% 31.71B
18.35x0.67x7.66x2.72% 31.15B
70.62x3.13x40.93x-.--% 26.26B
29.15x0.91x9.72x3.24% 22.22B
16.03x0.38x5.51x3.88% 12.42B
7.8x1.73x5.53x2.55% 11.66B
17.22x0.4x6.1x4.15% 10.28B
18.72x0.92x9.08x4.34% 9.83B
Average 26.49x 1.18x 12.32x 2.96% 21.63B
Weighted average by Cap. 29.77x 1.27x 13.84x 2.79%

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