Carrefour SA (CRRFY) AI Stock Analysis

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Carrefour SA

(OTC:CRRFY)

Rating:72Outperform

Price Target:

$3.00

▲(6.01%Upside)

Carrefour SA's strong valuation and significant dividend yield are major strengths, providing an appealing return to investors. Financial performance shows positive trends in operational efficiency and leverage management, despite challenges in net income margins. Technical analysis presents a cautious outlook with mixed signals. The earnings call provides reassurance with strategic growth in key markets, though tempered by broader market challenges.

Carrefour SA (CRRFY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$10.27B

Dividend Yield8.62%

Average Volume (3M)12.31K

Price to Earnings (P/E)12.1

Beta (1Y)0.12

Revenue Growth2.84%

EPS Growth-51.84%

CountryUS

Employees324,750

SectorConsumer Defensive

Sector Strength58

IndustryGrocery Stores

Share Statistics

EPS (TTM)0.24

Shares Outstanding3,681,574,000

10 Day Avg. Volume0

30 Day Avg. Volume12,315

Financial Highlights & Ratios

PEG Ratio-2.55

Price to Book (P/B)0.73

Price to Sales (P/S)0.00

P/FCF Ratio3.32

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$3.50

Price Target Upside23.67% Upside

Rating ConsensusModerate Buy

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 goods in its hypermarkets, supermarkets, and convenience stores. The company's key revenue streams include grocery sales, which constitute a significant portion of its income, along with non-grocery items such as clothing, electronics, and home goods. Carrefour also earns from its online retail platforms, which have seen growth in recent years. Additionally, the company benefits from strategic partnerships and joint ventures in various markets, which enhance its retail presence and operational efficiency. Carrefour's vast scale and international presence allow it to leverage economies of scale in procurement and distribution, contributing to its profitability.

Carrefour SA Earnings Call Summary

Earnings Call Date:Feb 19, 2025

(Q4-2024)

% Change Since: 3.66%|

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

Positive

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.

Balance Sheet

Positive

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.

Cash Flow

Positive

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	87.27B	84.91B	83.09B	71.76B	72.15B
Gross Profit	16.97B	15.85B	14.34B	13.03B	13.40B
EBITDA	4.30B	4.34B	4.69B	3.95B	3.96B
Net Income	723.00M	1.66B	1.35B	1.07B	641.00M
Balance Sheet
Total Assets	57.36B	56.17B	56.55B	47.67B	47.59B
Cash, Cash Equivalents and Short-Term Investments	6.89B	6.68B	5.43B	3.82B	4.53B
Total Debt	15.89B	20.09B	19.23B	15.87B	16.68B
Total Liabilities	44.88B	42.78B	43.37B	35.84B	36.29B
Stockholders Equity	10.82B	11.54B	11.14B	10.25B	9.79B
Cash Flow
Free Cash Flow	2.43B	2.80B	2.34B	2.08B	1.90B
Operating Cash Flow	4.20B	4.65B	4.22B	3.66B	3.40B
Investing Cash Flow	-2.37B	-739.00M	-2.13B	-1.33B	-1.84B
Financing Cash Flow	-1.08B	-2.72B	-326.00M	-3.06B	-1.13B

Carrefour SA Technical Analysis

Technical Analysis Sentiment

Negative

Last Price2.83

Price Trends

50DMA

2.95

Negative

100DMA

2.84

Negative

200DMA

2.85

Negative

Market Momentum

MACD

-0.03

Positive

RSI

38.75

Neutral

STOCH

1.11

Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRRFY, the sentiment is Negative. The current price of 2.83 is below the 20-day moving average (MA) of 2.88, below the 50-day MA of 2.95, and below the 200-day MA of 2.85, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 38.75 is Neutral, neither overbought nor oversold. The STOCH value of 1.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
SFM	74 Outperform	$16.21B	37.29	35.74%	―	15.51%	53.77%
KR	73 Outperform	$47.20B	19.40	24.06%	1.77%	-2.11%	25.03%
CRRFY	72 Outperform	$10.27B	12.13	6.54%	8.62%	2.84%	-51.84%
WMK	69 Neutral	$2.06B	19.20	7.54%	1.74%	1.76%	6.01%
ACI	68 Neutral	$11.54B	12.47	31.26%	2.93%	1.46%	-26.54%
Sector *	65 Neutral	$27.01B	15.34	-4.27%	3.20%	1.00%	3.39%
GO	58 Neutral	$1.35B	81.77	1.43%	―	10.37%	-73.84%

* Consumer Defensive Sector Average

Performance Comparison

CRRFY

Carrefour SA

2.83

-0.19

-6.29%

Kroger Company

71.39

17.68

32.92%

WMK

Weis Markets

76.54

5.89

8.34%

SFM

Sprouts Farmers

165.65

82.39

98.96%

Grocery Outlet Holding

13.77

-6.59

-32.37%

ACI

Albertsons Companies

20.47

1.06

5.46%

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.Date of analysis: Jul 12, 2025