(CA) Carrefour - Overview
Sector: Consumer Defensive | Industry: Grocery Stores | Exchange: PA (France) | Market Cap: 11.442m EUR | Total Return: 31% in 12m
Avg Turnover: 37.1M
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Carrefour SA is a global multi-format food retailer headquartered in France, operating an extensive network of hypermarkets, supermarkets, convenience stores, and cash-and-carry outlets across Europe, Latin America, and the Middle East. The company utilizes an omnichannel business model, integrating physical storefronts with e-commerce platforms and diversified services including banking, insurance, and property management.
The food retail sector is characterized by high volume and low margins, where scale is critical for negotiating favorable terms with suppliers. Carrefour’s strategy relies on geographic diversification and a mix of corporate-owned and franchised locations to mitigate regional economic volatility. For a deeper look into the companys fundamental health, consider reviewing the financial metrics on ValueRay.
In addition to its core grocery operations, the company leverages its real estate portfolio through shopping mall rentals and property development. This integrated approach allows the firm to capture consumer spending across multiple discretionary and non-discretionary categories beyond traditional food retail.
- Inflationary pressure on French consumer purchasing power lowers core retail margins
- Brazilian market expansion and integration of Grupo BIG drive Latin American growth
- Private label penetration increases gross profitability amid rising food supply chain costs
- Strategic asset divestments and store franchising accelerate free cash flow generation
- Digital transformation and e-commerce scale determine competitive positioning against discount retailers
| Net Income: 1.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -3.26 > 1.0 |
| NWC/Revenue: -1.94% < 20% (prev -1.26%; Δ -0.68% < -1%) |
| CFO/TA 0.14 > 3% & CFO 7.53b > Net Income 1.04b |
| Net Debt (24.2b) to EBITDA (8.34b): 2.90 < 3 |
| Current Ratio: 0.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (669.2m) vs 12m ago -5.45% < -2% |
| Gross Margin: 18.45% > 18% (prev 17.42%; Δ 1.03% > 0.5%) |
| Asset Turnover: 307.2% > 50% (prev 265.1%; Δ 42.13% > 0%) |
| Interest Coverage Ratio: 3.62 > 6 (EBIT TTM 4.86b / Interest Expense TTM 1.34b) |
| DSRI: 0.98 (Receivables 8.94b/7.96b, Revenue 171b/149b) |
| GMI: 0.94 (GM 17.42% / 18.45%) |
| AQI: 1.00 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.15 (Revenue 171b / 149b) |
| TATA: -0.12 (NI 1.04b - CFO 7.53b) / TA 55.2b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of June 05, 2026, the stock is trading at EUR 15.98 with a total of 1,506,925 shares traded.
Over the past week, the price has changed by -0.56%,
over one month by +0.86%,
over three months by +11.30% and
over the past year by +30.96%.
Carrefour has no consensus analysts rating.
P/E Trailing = 11.3873
P/E Forward = 11.0132
P/S = 0.1365
P/B = 1.0367
P/EG = 0.4789
Revenue TTM = 171b EUR
EBIT TTM = 4.86b EUR
EBITDA TTM = 8.34b EUR
Long Term Debt = 7.04b EUR (from longTermDebt, last quarter)
Short Term Debt = 7.15b EUR (from shortTermDebt, last quarter)
Debt = 30.6b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.26b
Net Debt = 24.2b EUR (calculated: Debt 30.6b - CCE 6.42b)
Enterprise Value = 35.6b EUR (11.4b + Debt 30.6b - CCE 6.42b)
Interest Coverage Ratio = 3.62 (Ebit TTM 4.86b / Interest Expense TTM 1.34b)
EV/FCF = 7.52x (Enterprise Value 35.6b / FCF TTM 4.74b)
FCF Yield = 13.29% (FCF TTM 4.74b / Enterprise Value 35.6b)
FCF Margin = 2.77% (FCF TTM 4.74b / Revenue TTM 171b)
Net Margin = 0.61% (Net Income TTM 1.04b / Revenue TTM 171b)
Gross Margin = 18.45% ((Revenue TTM 171b - Cost of Revenue TTM 140b) / Revenue TTM)
Gross Margin QoQ = 17.01% (prev 17.99%)
Tobins Q-Ratio = 0.65 (Enterprise Value 35.6b / Total Assets 55.2b)
Interest Expense / Debt = 4.38% (Interest Expense 1.34b / Debt 30.6b)
Taxrate = 30.88% (819.0m / 2.65b)
NOPAT = 3.36b (EBIT 4.86b * (1 - 30.88%))
Current Ratio = 0.87 (Total Current Assets 22.8b / Total Current Liabilities 26.1b)
Debt / Equity = 2.79 (Debt 30.6b / totalStockholderEquity, last quarter 11.0b)
Debt / EBITDA = 2.90 (Net Debt 24.2b / EBITDA 8.34b)
Debt / FCF = 5.11 (Net Debt 24.2b / FCF TTM 4.74b)
Total Stockholder Equity = 10.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.87% (Net Income 1.04b / Total Assets 55.2b)
RoE = 9.80% (Net Income TTM 1.04b / Total Stockholder Equity 10.6b)
RoCE = 27.47% (EBIT 4.86b / Capital Employed (Equity 10.6b + L.T.Debt 7.04b))
RoIC = 11.24% (NOPAT 3.36b / Invested Capital 29.9b)
WACC = 3.82% (E(11.4b)/V(42.0b) * Re(5.93%) + D(30.6b)/V(42.0b) * Rd(4.38%) * (1-Tc(0.31)))
Discount Rate = 5.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.89 | Cagr: -5.30%
[DCF] Terminal Value 73.10% ; FCFF base≈5.50b ; Y1≈4.82b ; Y5≈3.90b
[DCF] Fair Price = 54.24 (EV 62.6b - Net Debt 24.2b = Equity 38.4b / Shares 707.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 66.32 | Revenue CAGR: 9.81% | SUE: 0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=1.77 | Chg30d=+2.74% | Revisions=-11% | GrowthEPS=+10.6% | GrowthRev=-0.1%
EPS next Year (2027-12-31): EPS=1.88 | Chg30d=+0.39% | Revisions=+27% | GrowthEPS=+6.3% | GrowthRev=+1.7%
[Analyst] Revisions Ratio: +27%