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Carrefour SA (CRRFY)
OTHER OTC:CRRFY
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Carrefour SA
(OTC:CRRFY)
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Select Model
Rating:69Neutral
Price Target:
$3.00
▲(2.39% Upside)
Carrefour's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting solid growth in core markets and successful strategic initiatives. However, technical indicators show a lack of momentum, and valuation metrics suggest the stock is relatively expensive, which tempers the overall score.
Carrefour SA (CRRFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.67B
Dividend Yield8.08%
Average Volume (3M)14.22K
Price to Earnings (P/E)28.6
Beta (1Y)0.20
Revenue Growth4.96%
EPS Growth-59.90%
CountryUS
Employees324,750
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)0.07
Shares Outstanding3,681,574,000
10 Day Avg. Volume11,535
30 Day Avg. Volume14,222
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap2.87
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit1.81
Enterprise Value/Ebitda7.12
Forecast
1Y Price Target
$3.00Price Target Upside2.39% Upside
Rating ConsensusHold
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 generates revenue primarily through the sale of goods in its stores, which include food products, non-food items, and private label brands. The company's revenue model includes direct sales to consumers in its physical and online stores, with a significant portion of its earnings coming from grocery sales. Additionally, Carrefour has established partnerships with various suppliers and brands, allowing it to offer a wide range of products and negotiate favorable terms that contribute to its profitability. The company also benefits from its loyalty programs and promotional activities, which drive customer retention and increase sales volumes. Furthermore, Carrefour has been expanding its e-commerce operations, adapting to changing consumer shopping behaviors, which has become an important revenue stream in recent years.
Carrefour SA Earnings Call Summary
Earnings Call Date:Jul 24, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Neutral
Carrefour reported solid performance across its core geographies, with strong sales and operating income growth in France, Brazil, and Spain. Strategic initiatives such as cost savings and expansion in proximity stores were successful. However, the integration of Cora & Match posed challenges, and the company faced significant obstacles in the Italian market, leading to its divestment. Currency depreciation also negatively impacted sales growth.Q2-2025 Updates
Positive Updates
Strong Performance in Core Geographies
Carrefour experienced strong commercial performance in France, Brazil, and Spain, with notable growth in operating income: France saw a 20% increase, Spain experienced a 9.4% rise, and Brazil's operating income grew by 6.5% at constant exchange rates.
Positive Momentum in Europe
Europe showed positive momentum with like-for-like sales increasing by 3.7% in H1 and accelerating to 4.4% in Q2.
Strategic Initiatives and Cost Savings
Carrefour opened 400 new proximity stores in Europe and achieved EUR 610 million in cost savings, on track to meet the EUR 1.2 billion target for the year.
Sustainability Achievements
Carrefour exceeded its CSR targets, achieving a 107% score in its CSR index.
Negative Updates
Negative Impact from Cora & Match Integration
The integration of Cora & Match negatively impacted results by EUR 80 million, affecting the overall recurring operating income.
Challenges in Italy
Carrefour is exiting the Italian market due to deteriorated market conditions, resulting in an impairment of EUR 460 million.
Currency Depreciation Impact
Forex had an unfavorable impact on total sales growth by minus 4.8% over the quarter due to the depreciation of the Argentine peso and Brazilian real.
Company Guidance
During the call detailing Carrefour's half-year results for 2025, several key metrics and strategic updates were provided. The company reported a 3.7% increase in like-for-like sales in H1, with a Q2 acceleration to 4.4%. Total sales for the quarter were EUR 23.9 billion, marking a 5.2% increase. Recurring operating income for H1 was EUR 681 million or 1.6% of sales, though it was down from EUR 743 million the previous year. In France, recurring operating income rose by 20%, with operating margin (excluding Cora & Match) up to 1.9%. Spain's recurring operating income improved by 9.4%, while Brazil saw a 6.5% increase at constant exchange rates. Carrefour achieved EUR 610 million in cost savings in H1, on track for a EUR 1.2 billion target for the full year. The company also announced the sale of its Italian operations, expected to positively impact its financial profile. Additionally, Carrefour launched a new purchasing alliance, Concordis, aiming for operational status by 2026. The group's EBITDA grew by 1%, and it confirmed its 2025 objectives of slight growth in EBITDA, recurring operating income, and net free cash flow.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 | 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
Positive
2.93
Price Trends
2.91
Positive
2.93
Positive
2.82
Positive
Market Momentum
>-0.01
Negative
54.95
Neutral
97.11
Negative
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 2.93 is above the 20-day moving average (MA) of 2.87, above the 50-day MA of 2.91, and above the 200-day MA of 2.82, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.95 is Neutral, neither overbought nor oversold. The STOCH value of 97.11 is Negative, 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 (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $10.67B | 28.56 | 3.00% | 8.08% | 4.96% | -59.90% | |
67 Neutral | 11.31B | 22.94 | 28.79% | ― | 16.83% | 52.71% | |
65 Neutral | 43.44B | 16.59 | 29.38% | 2.00% | -2.13% | 3.22% | |
64 Neutral | 1.76B | 17.73 | 8.07% | 1.90% | 2.49% | 15.99% | |
60 Neutral | 9.92B | 10.80 | 29.60% | 3.27% | 1.96% | -14.99% | |
58 Neutral | 1.53B | 194.33 | 0.69% | ― | 8.47% | -85.17% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
Performance Comparison
CRRFY
Carrefour SA
2.93
-0.46
-13.57%
KR
Kroger Company
65.49
10.10
18.23%
WMK
Weis Markets
71.57
3.99
5.90%
SFM
Sprouts Farmers
111.36
3.47
3.22%
GO
Grocery Outlet Holding
15.41
-2.26
-12.79%
ACI
Albertsons Companies
17.45
-0.53
-2.95%
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.