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Credit Agricole (CRARY)
OTHER OTC:CRARY
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Credit Agricole
(OTC:CRARY)
Rating:80Outperform
Price Target:―
Credit Agricole (CRARY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$55.85B
Dividend Yield6.57%
Average Volume (3M)78.11K
Price to Earnings (P/E)8.2
Beta (1Y)0.32
Revenue Growth7.44%
EPS Growth8.38%
CountryUS
Employees80,518
SectorFinancial
Sector Strength75
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.32
Shares Outstanding6,051,804,700
10 Day Avg. Volume0
30 Day Avg. Volume78,110
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.23
Price to Sales (P/S)0.00
P/FCF Ratio-29.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Credit Agricole Business Overview & Revenue Model
Company DescriptionCrédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through Asset Gathering; Large Customers; Specialised Financial Services; French Retail Banking - LCL; and International Retail Banking. The company offers banking products and services, including savings and current accounts and deposits, finance, payments, and flow management services; consumer finance products; and banking and specialized financial services. It also provides wealth management services that allow individual customers to manage, protect, and transfer their assets, as well as other asset management services; and savings/retirement, death and disability/creditor/group, and property and casualty insurance products. In addition, the company offers financing solutions for property and equipment investment and renewal requirements; trade receivable financing and management solutions for corporates; and financing services for renewable energy and public infrastructure projects, as well as leasing services. Further, it provides investment banking, structured finance, international trade finance, commercial banking, capital market, and syndication services; and asset servicing solutions for investment products, as well as various asset classes, such as execution, clearing, forex, security lending and borrowing, custody, depositary bank, fund administration, middle-office outsourcing solutions, and fund distribution support and issuer services. The company serves retail customers, corporates, banks and financial institutions, government agencies, and local authorities. Crédit Agricole S.A. was founded in 1894 and is headquartered in Montrouge, France. Crédit Agricole S.A. operates as a subsidiary of SAS Rue La Boétie.
How the Company Makes MoneyCrédit Agricole makes money through a diverse revenue model primarily driven by its extensive banking operations. The company generates income from interest on loans and deposits, fees for banking services, and commissions from asset management and insurance products. Crédit Agricole also earns significant revenue from its investment banking activities, which include underwriting, trading, and advisory services for corporate and institutional clients. Additionally, its insurance arm contributes to earnings through premiums collected from a range of life and non-life insurance products. The group's strategic partnerships and joint ventures further bolster its financial performance by expanding its service offerings and client base, thus enhancing its revenue streams.
Credit Agricole Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: -2.97%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with strong record-breaking revenue, a high return on tangible equity, and improved solvency ratios, but challenges were highlighted by increased French taxation impacting net income and some declines in specific business segments.Q1-2025 Updates
Positive Updates
Record-Breaking Revenue
Crédit Agricole S.A. and the Group posted a record level of revenue this quarter, with the Group's revenue up by 5.5% and Crédit Agricole S.A.'s revenue up by 6.6%.
High Return on Tangible Equity
Crédit Agricole S.A. achieved a return on tangible equity close to the highest ever, nearly 16%.
Strong Solvency Ratios
Solvency ratios significantly improved, with a CET1 ratio increase to 12.1% for Crédit Agricole S.A., up by 40 bps from 11.7%.
Record Assets Under Management
Amundi achieved a record level of assets under management, reaching €2.25 trillion.
Record Level of Premium Income
Crédit Agricole Assurances reported a record premium income of nearly €15 billion, up 20% compared to Q1 2024.
Negative Updates
Impact of Increased French Taxation
The Group and Crédit Agricole S.A. were significantly impacted by a French taxation increase, leading to a net income after-tax decline despite an increase in pre-tax income.
Slight Decline in Retail Banking Revenue
A slight decline in the level of revenues in the Retail Banking business division was observed, mainly due to a base effect in international Retail Banking activities, especially in Egypt.
Challenges in Consumer Finance
A slight decrease in new loan production was seen in the Consumer Finance business, particularly in Car Financing activities.
Company Guidance
During Crédit Agricole's First Quarter 2025 Results Conference Call, Deputy CEO Jerome Grivet highlighted several key financial metrics. The Group reported a 5.5% increase in revenue, surpassing €10 billion, while Crédit Agricole S.A. saw a 6.6% increase to €7.3 billion. Gross operating income rose by 3% for the Group and 4% for Crédit Agricole S.A. The cost income ratios remained stable or slightly increasing, though still competitive. The cost of risk was stable at a moderate level, with €413 million for Crédit Agricole S.A., a 3.4% increase from €400 million in Q1 2024. Notably, solvency ratios improved significantly, with the CET1 ratio increasing by 40 bps to 12.1%, though pro forma adjustments for April would set it at 11.8%. Despite a specific French taxation impact exceeding €200 million for the Group, return on tangible equity remained high, close to 16%. The Group also achieved record levels in CIB activities, Amundi's assets under management at €2.25 trillion, and Crédit Agricole Assurances' premium income at nearly €15 billion.Credit Agricole Financial Statement Overview
Summary
Credit Agricole demonstrates strong revenue growth and a robust equity position, supporting its financial stability. However, the volatility in cash flows and lack of EBIT data in the latest period pose challenges for a full financial assessment. The company's strategic focus appears to be on maintaining a strong capital base, potentially at the expense of leveraging opportunities.Income Statement
Credit Agricole's revenue has shown consistent growth over the years, with a notable increase from €18.06 billion in 2020 to €25.33 billion in 2024. The net profit margin has strengthened, reflecting improved profitability. However, EBIT and EBITDA data for the latest year are missing, limiting a comprehensive analysis of operating efficiencies.78
Positive
Balance Sheet
The company maintains a strong equity position with a high equity ratio consistently above 3%, signaling solid financial health. The absence of total debt in the latest year further strengthens its balance sheet stability, reducing leverage risks. However, this atypical structure for a bank may indicate potential underutilization of financial leverage.85
Very Positive
Cash Flow
Credit Agricole's cash flow has experienced volatility, with operating cash flow swinging from positive to negative figures in recent years. The free cash flow has been negative in 2023 and 2024, which could be a concern if sustained. However, the bank has managed to maintain a positive cash flow trajectory in previous years, suggesting potential for recovery.72
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 61.96B | 25.33B | 23.45B | 21.95B | 21.40B | 18.06B | Gross Profit |
| 22.10B | 25.33B | 84.09B | 21.95B | 21.40B | 18.06B | EBIT |
| -32.57B | 10.43B | 9.34B | 24.10B | 7.08B | 3.82B | EBITDA |
| -943.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| 8.34B | 7.09B | 6.35B | 5.31B | 5.84B | 2.69B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 609.74B | 829.24B | 759.17B | 654.92B | 640.85B | 561.87B | Total Assets |
| 2.23T | 2.31T | 2.19T | 2.17T | 2.07T | 1.96T | Total Debt |
| 300.24B | 315.58B | 493.26B | 237.73B | 199.33B | 188.36B | Net Debt |
| -289.23B | -265.90B | -318.69B | -417.20B | -441.52B | -373.51B | Total Liabilities |
| 2.15T | 2.23T | 2.11T | 237.73B | 199.33B | 188.36B | Stockholders Equity |
| 63.23B | 74.71B | 63.87B | 64.63B | 68.22B | 65.22B |
| Cash Flow | Free Cash Flow | ||||
| 94.41B | -16.98B | -37.40B | -495.00M | 10.05B | 56.54B | Operating Cash Flow |
| 95.34B | -15.91B | -36.51B | 594.00M | 10.93B | 57.29B | Investing Cash Flow |
| -63.09B | -1.78B | 9.85B | -5.06B | -838.00M | -3.23B | Financing Cash Flow |
| 20.39B | 9.45B | 16.55B | 1.57B | -1.70B | 7.68B |
Credit Agricole Technical Analysis
Positive
9.16
Price Trends
9.10
Positive
8.61
Positive
7.82
Positive
Market Momentum
0.01
Positive
48.49
Neutral
35.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRARY, the sentiment is Positive. The current price of 9.16 is below the 20-day moving average (MA) of 9.27, above the 50-day MA of 9.10, and above the 200-day MA of 7.82, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 35.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRARY.
Credit Agricole Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $69.28B | 12.36 | 11.15% | 3.69% | 3.07% | 19.01% | |
80 Outperform | $55.85B | 8.20 | 9.79% | 6.57% | 7.44% | 8.38% | |
72 Outperform | $60.86B | 12.86 | 8.73% | 5.02% | -2.65% | -14.84% | |
70 Outperform | $67.23B | 10.68 | 11.50% | 4.68% | 2.19% | 34.00% | |
65 Neutral | $67.79B | 11.99 | 8.45% | 2.36% | 13.63% | 27.77% | |
64 Neutral | $12.73B | 9.77 | 7.84% | 78.17% | 12.05% | -7.99% | |
63 Neutral | $51.11B | 11.50 | 0.10% | 5.33% | -27.31% | ― |
* Financial Sector Average
Performance Comparison
CRARY
Credit Agricole
9.16
2.36
34.71%
TFC
Truist Financial
39.81
4.91
14.07%
LYG
Lloyds Banking
4.17
1.49
55.60%
MFG
Mizuho Financial
5.49
1.59
40.77%
PNC
PNC Financial
175.27
27.57
18.67%
USB
US Bancorp
43.27
5.75
15.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.