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 11,370 - -
Change - -2.46% -3.81% -21.39% 10.38% 13.14% - -
Enterprise Value (EV) 1 19,538 20,911 19,681 18,428 19,463 20,033 19,581 19,155
Change - 7.03% -5.88% -6.37% 5.62% 2.93% -2.26% -2.17%
P/E 11.8x 8.69x 7.13x 13.6x 30.5x 9.35x 9.18x 9.41x
PBR 1.22x 1.04x 0.99x 0.82x 0.92x 1.01x 0.96x 0.94x
PEG - 0.3x 0.2x -0.2x -0.6x 0x 5.06x -3.87x
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 0.24x 0.23x
EV / EBITDA 4.29x 4.53x 4.32x 3.97x 4.32x 4.29x 4.1x 3.85x
EV / EBIT 8.6x 8.8x 8.69x 8.33x 9.02x 8.43x 7.79x 7.25x
EV / FCF 9.73x 8.95x 12.1x 12.6x 8.03x 13.1x 16.7x 18.1x
FCF Yield 10.3% 11.2% 8.24% 7.91% 12.5% 7.62% 6% 5.53%
Dividend per Share 2 0.52 0.56 0.87 0.92 0.97 1.033 1.059 1.096
Rate of return 3.23% 3.58% 5.25% 6.7% 6.82% 6.42% 6.58% 6.8%
EPS 2 1.362 1.8 2.324 1.013 0.4671 1.722 1.753 1.71
Distribution rate 38.2% 31.1% 37.4% 90.9% 208% 60% 60.4% 64.1%
Net sales 1 72,958 81,385 83,270 85,445 82,102 81,964 83,259 85,003
EBITDA 1 4,550 4,613 4,559 4,637 4,506 4,670 4,773 4,982
EBIT 1 2,272 2,377 2,264 2,213 2,158 2,375 2,515 2,640
Net income 1 1,072 1,348 1,659 723 319 1,176 1,190 1,141
Net Debt 1 7,195 8,871 8,099 9,323 9,413 8,663 8,211 7,785
Reference price 2 16.10 15.64 16.56 13.73 14.23 16.10 16.10 16.10
Nbr of stocks (in thousands) 766,438 769,845 699,183 663,135 706,234 706,234 - -
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.($)
46.51x1.92x23.02x0.27% 31.13B
91.77x4.07x53.91x-.--% 29.63B
16.68x0.63x7.21x3.03% 27.72B
28.57x0.9x9.69x3.26% 22.2B
15.26x0.38x5.53x3.92% 12.55B
7.78x1.6x5.57x2.28% 11.93B
20.33x0.76x8.41x2.83% 9.82B
16.98x0.87x8.59x4.9% 8.95B
14.68x0.37x5.64x4.87% 8.83B
Average 28.73x 1.28x 14.17x 2.82% 18.08B
Weighted average by Cap. 37.04x 1.60x 18.89x 2.19%

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

-40%: Exceptional extension
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