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Carrefour (CRRFY)
:CRRFY
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Carrefour SA
(OTC:CRRFY)
Rating:76Outperform
Price Target:―
Carrefour SA (CRRFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.94B
Dividend Yield3.65%
Average Volume (3M)3.59K
Price to Earnings (P/E)14.1
Beta (1Y)0.23
Revenue Growth2.84%
EPS Growth-51.84%
CountryUS
Employees324,750
SectorConsumer Defensive
Sector Strength74
IndustryGrocery Stores
Share Statistics
EPS (TTM)0.24
Shares Outstanding3,389,846,000
10 Day Avg. Volume10,760
30 Day Avg. Volume3,586
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.83
Price to Sales (P/S)0.00
P/FCF Ratio2.83
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
Carrefour SA Business Overview & Revenue Model
Company DescriptionCarrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, and Taiwan. The company operates hypermarkets, supermarkets, convenience stores, cash and carry stores, and hypercash stores; e-commerce sites; and service stations. Its stores offer fresh produce; local products; consumer goods; and non-food products, including electronic and household appliances, textiles, and childcare products. The company is also involved in banking, insurance, property development, and franchise activities; the provision of travel agency services; and the rental of shopping malls. As of December 31. 2021, it operated 253 hypermarkets, 1,043 supermarkets, 4,330 convenience stores, 147 cash and carry outlets, and 26 soft discount stores in France; 457 hypermarkets, 1,926 supermarkets, 3,430 convenience stores, 12 cash and carry outlets, and 81 soft discount stores in rest of Europe; 184 hypermarkets, 151 supermarkets, 558 convenience stores, 259 cash and carry outlets, and one soft discount store in Argentina and Brazil; and 70 hypermarkets, four supermarkets, and 274 convenience stores in Taiwan, as well as 688 stores through local franchisee partners in Middle East, Africa, etc. Carrefour SA was founded in 1959 and is based in Massy, France.
How the Company Makes MoneyCarrefour SA generates revenue primarily through the sale of consumer goods across its vast network of retail outlets. The company's revenue streams include in-store purchases, online sales, and its own branded products. Carrefour leverages its expansive supply chain and distribution network to maintain competitive pricing and product availability. Additionally, Carrefour engages in strategic partnerships with suppliers and manufacturers to enhance its product offerings and margins. The company also benefits from ancillary services such as financial services, fuel stations, and real estate operations tied to its retail locations, contributing to its overall earnings.
Carrefour SA Earnings Call Summary
Earnings Call Date:Feb 19, 2025
(Q4-2024)
| % Change Since: 12.80%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Neutral
Carrefour demonstrated resilience and strategic growth in key markets like France and Brazil, leading to record market share and strong financial performance in these regions. However, the overall sentiment is tempered by challenges in the European market, currency depreciation impacts, and increased financial charges, suggesting a balanced outlook.Q4-2024 Updates
Positive Updates
Record Market Share Gains in France
Carrefour France achieved its highest market share level in over 10 years, driven by the integration of Cora & Match and former Casino stores.
Strong Performance in Brazil
Brazil's recurring operating income grew by close to 25% in local currency, with Atacadao outperforming the market and maintaining strong traction with B2C customers.
E-commerce Growth
Carrefour's e-commerce GMV reached EUR 6 billion, marking an 18% increase and reinforcing its leadership in home delivery.
Significant Environmental Achievements
Carrefour achieved a 50% reduction in Scope 1 and 2 emissions five years ahead of schedule, and doubled the percentage of suppliers joining its 1.5-degree climate initiative.
Dividend Increase
Carrefour increased its ordinary dividend by 6% to EUR 0.92 per share, supplemented by a special dividend, providing a total return of 8%.
Negative Updates
Challenging European Market
The European food retail market remained competitive with weak consumption, impacting Carrefour's profitability in the region.
Currency Impact on Financial Performance
The sharp depreciation of the Brazilian real and Argentine peso negatively impacted Carrefour's financial performance.
Decline in French Like-for-Like Sales
France experienced a decrease of 2.1% in like-for-like sales in Q4 due to a sluggish market with negative volumes.
Increased Net Financial Charges
Net financial charges rose to EUR 759 million, significantly impacted by the situation in Argentina.
Company Guidance
During the Carrefour Full Year 2024 Results Webcast and Conference Call, the company reported several key financial metrics and strategic initiatives. The recurring operating income increased by 1.4% excluding currency effects, with EBITDA growing by 1.7% and net free cash flow reaching EUR 1,450 million, aligning with the 2026 trajectory. The company highlighted the strong performance in France, Brazil, and Spain, with France achieving its highest market share in over a decade due to strategic acquisitions and significant price investments. Carrefour Brazil saw a 25% growth in recurring operating income in local currency, while Argentina posted a record profit of EUR 115 million. The company continued its transformation with a focus on private label penetration, e-commerce growth, and significant cost savings, achieving EUR 1.240 billion in 2024. Additionally, Carrefour made strides in its corporate social responsibility, reducing Scope 1 and 2 emissions by nearly 50% ahead of schedule. Looking ahead, Carrefour plans to maintain its competitive pricing strategy and increase investments in France, with a strategic review of its portfolio underway. The company also announced an increase in its ordinary dividend by 6% and a special dividend, resulting in a total return of 8% for shareholders.Carrefour SA Financial Statement Overview
Summary
Carrefour SA demonstrates strong revenue growth and operational efficiency improvements, but net income margins have been pressured. The balance sheet reflects better leverage management and a stable equity position. Despite a decline in free cash flow, the cash flow generation from operations remains strong, suggesting healthy financial operations overall.Income Statement
Carrefour SA has shown a solid growth trajectory with a 2.77% revenue growth in 2024. The gross profit margin improved to 19.44%, and there is a notable increase in EBIT margin to 2.54%, indicating better operational efficiency. However, the net profit margin decreased to 0.83%, highlighting increased costs or expenses impacting the bottom line.78
Positive
Balance Sheet
The company's debt-to-equity ratio improved from 1.74 to 1.47, showing better leverage management. Equity ratio remains stable at 18.86%, indicating a balanced asset structure. While there is a slight decrease in return on equity to 6.68%, the overall financial stability looks sound with maintained equity levels.70
Positive
Cash Flow
Carrefour SA experienced a decline in free cash flow growth rate by 13.28%, but the operating cash flow to net income ratio is strong at 5.81, indicating robust cash generation from operations. Free cash flow to net income ratio is at 3.36, suggesting efficient use of cash flows despite the reduction in free cash flow.74
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 106.33B | 87.27B | 84.91B | 83.09B | 74.29B | 72.15B | Gross Profit |
| 18.98B | 16.97B | 15.85B | 16.31B | 15.52B | 15.45B | EBIT |
| 2.97B | 2.21B | 1.75B | 2.46B | 1.91B | 1.69B | EBITDA |
| 5.05B | 4.30B | 4.34B | 4.79B | 3.98B | 3.96B | Net Income Common Stockholders |
| 1.22B | 723.00M | 1.66B | 1.35B | 1.07B | 641.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.68B | 6.89B | 6.68B | 5.37B | 3.79B | 4.50B | Total Assets |
| 56.17B | 57.36B | 56.17B | 56.55B | 47.67B | 47.59B | Total Debt |
| 20.09B | 15.89B | 20.09B | 14.09B | 11.43B | 12.11B | Net Debt |
| 13.80B | 9.32B | 13.80B | 8.87B | 7.73B | 7.67B | Total Liabilities |
| 42.78B | 44.88B | 42.78B | 43.37B | 35.84B | 36.29B | Stockholders Equity |
| 11.54B | 10.82B | 11.54B | 11.14B | 10.25B | 9.79B |
| Cash Flow | Free Cash Flow | ||||
| 4.85B | 2.43B | 2.80B | 2.34B | 2.01B | 1.78B | Operating Cash Flow |
| 6.87B | 4.20B | 4.65B | 4.22B | 3.66B | 3.40B | Investing Cash Flow |
| -2.23B | -2.37B | -739.00M | -2.13B | -1.33B | -1.84B | Financing Cash Flow |
| -2.07B | -1.08B | -2.72B | -326.00M | -3.06B | -1.13B |
Carrefour SA Technical Analysis
Positive
3.26
Price Trends
3.04
Positive
2.92
Positive
3.05
Positive
Market Momentum
0.08
Negative
61.50
Neutral
70.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRRFY, the sentiment is Positive. The current price of 3.26 is above the 20-day moving average (MA) of 3.18, above the 50-day MA of 3.04, and above the 200-day MA of 3.05, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 61.50 is Neutral, neither overbought nor oversold. The STOCH value of 70.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRRFY.
Carrefour SA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $10.94B | 14.13 | 6.54% | 3.65% | 2.84% | -51.84% | |
72 Outperform | $16.08B | 38.11 | 35.74% | ― | 15.51% | 53.77% | |
71 Outperform | $12.78B | 13.52 | 31.26% | 2.43% | 1.46% | -26.54% | |
67 Neutral | $45.16B | 18.46 | 26.59% | 1.84% | -1.94% | 23.94% | |
67 Neutral | $2.06B | 19.23 | 7.54% | 1.77% | 1.76% | 6.01% | |
65 Neutral | $8.86B | 14.97 | 4.70% | 203.29% | 3.53% | -2.11% | |
60 Neutral | $1.37B | 83.19 | 1.43% | ― | 10.37% | -73.84% |
* Consumer Defensive Sector Average
Performance Comparison
CRRFY
Carrefour SA
3.26
<0.01
0.31%
KR
Kroger Company
67.69
16.80
33.01%
WMK
Weis Markets
76.91
12.99
20.32%
SFM
Sprouts Farmers
169.27
90.24
114.18%
GO
Grocery Outlet Holding
13.75
-7.70
-35.90%
ACI
Albertsons Companies
22.15
2.17
10.86%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.