Carrefour (CA) AI Stock Analysis

• Market Cap: €8.89B
• Dividend Yield: 7.52%
• Average Volume (3M): 3.78M
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.49
• Revenue Growth: 2.78%
• EPS Growth: -51.90%
• Country: FR
• Employees: 324,750
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Grocery Stores
• EPS (TTM): 1.15
• Shares Outstanding: 736,314,800
• 10 Day Avg. Volume: 4,796,684
• 30 Day Avg. Volume: 3,780,186
• PEG Ratio: 0.25
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €14.82
• Price Target Upside: 20.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 62 Neutral
• Price Target: €12.50 ▲(1.46%Upside)

The most significant factors impacting Carrefour's stock score are its solid valuation metrics, with an attractive dividend yield and reasonable P/E ratio. However, the technical analysis indicates bearish momentum and oversold conditions, which are concerning. While the company's financial performance shows stability, challenges in profitability and cash flow are notable risks.

Carrefour Business Overview & Revenue Model

Company Description

Carrefour S.A. is a global retail corporation headquartered in France and one of the largest hypermarket chains in the world. Operating in more than 30 countries, Carrefour provides a wide range of products, including groceries, apparel, electronics, and household goods, through various store formats such as hypermarkets, supermarkets, convenience stores, and cash & carry outlets. The company is committed to offering quality products at competitive prices while focusing on sustainability and innovation in its operations.

How the Company Makes Money

Carrefour generates revenue primarily through the sale of goods in its extensive network of retail stores. The company's key revenue streams include food and non-food retail sales, with food products accounting for a significant portion of its income. Carrefour's diverse store formats allow it to cater to different consumer needs and preferences across various markets. Additionally, Carrefour has developed private-label brands that contribute to its profitability by offering higher margins compared to third-party products. The company also pursues strategic partnerships and joint ventures to expand its reach and enhance its supply chain efficiency. Ancillary services such as financial services, fuel sales, and e-commerce platforms further augment Carrefour's revenue, enabling the company to capture a broader share of consumer spending.

Carrefour Financial Statement Overview

Summary

Carrefour demonstrates stable revenue growth and operating efficiency but faces challenges in net profitability and leverage. While cash flow generation remains strong, the decline in free cash flow highlights potential areas of concern. Overall, Carrefour maintains a solid financial foundation but should focus on improving profitability and financial stability.

Income Statement

Carrefour shows a stable revenue growth with a 2.78% increase from 2023 to 2024. Gross profit margin stands at 19.44%, which is healthy for a retailer, while the net profit margin is relatively low at 0.83%, indicating pressure on net profitability. EBIT and EBITDA margins are 2.54% and 4.93% respectively, reflecting moderate operating efficiency.

Balance Sheet

The debt-to-equity ratio is 1.47, indicating a moderate level of leverage. Return on equity (ROE) is low at 6.68%, suggesting limited returns for equity investors. The equity ratio of 18.86% implies a balanced asset structure but could be improved for greater financial stability.

Cash Flow

The operating cash flow to net income ratio is 5.81, showing strong cash generation capacity relative to net income. However, free cash flow has declined by 13.25% from 2023 to 2024, suggesting potential challenges in maintaining cash reserves. The free cash flow to net income ratio is 3.36, indicating effective cash conversion despite volatility.

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	4.18B	4.23B	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 Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:CA, the sentiment is Negative. The current price of 12.32 is below the 20-day moving average (MA) of 12.62, below the 50-day MA of 12.81, and below the 200-day MA of 12.85, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 42.98 is Neutral, neither overbought nor oversold. The STOCH value of 42.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:CA.

Carrefour Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNAC	72 Outperform	€1.04B	28.27	2.16%	2.84%	4.81%	-28.59%
Sector *	67 Neutral	¥251.03B	13.17	6.57%	2.80%	5.06%	-11.36%
CA	62 Neutral	€8.89B	11.33	6.47%	7.52%	2.78%	-51.90%
CO	38 Underperform	€167.79M	―		―	―	―

Carrefour Corporate Events

Carrefour Enhances Offer for Carrefour Brazil Shares

Carrefour has increased its offer to acquire all outstanding shares of its subsidiary, Grupo Carrefour Brasil, providing minority shareholders with improved options. This move reflects Carrefour’s confidence in the long-term prospects of its Brazilian operations and aims to offer an attractive valuation to shareholders, with the transaction expected to conclude by the end of the second quarter of 2025.