Carmila SAS (CARM) AI Stock Analysis

• Market Cap: €2.25B
• Dividend Yield: 7.41%
• Average Volume (3M): 99.34K
• Price to Earnings (P/E): 6.4
• Beta (1Y): 0.64
• Revenue Growth: 16.69%
• EPS Growth: 574.43%
• Country: FR
• Employees: 260
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.93
• Shares Outstanding: 140,948,870
• 10 Day Avg. Volume: 78,847
• 30 Day Avg. Volume: 99,345
• PEG Ratio: <0.01
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 4.49
• P/FCF Ratio: 7.75
• 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: €22.80
• Price Target Upside: 33.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: €19.50 ▲(13.90% Upside)

Carmila SAS receives a strong overall stock score of 80, driven primarily by its robust financial performance and attractive valuation. The company's profitability and cash flow improvements are significant strengths, while the low P/E ratio and high dividend yield enhance its investment appeal. Technical analysis presents a neutral outlook, with no immediate bullish or bearish signals.

Positive Factors

Revenue Growth

Consistent revenue growth reflects Carmila's ability to attract tenants and enhance shopping center value, supporting long-term financial stability.

Cash Flow Performance

Strong cash flow enhances Carmila's financial flexibility, allowing for reinvestment in properties and strategic initiatives, supporting sustainable growth.

Profitability

Improved profitability and return on equity indicate efficient operations and effective management, bolstering Carmila's competitive position in the retail real estate sector.

Negative Factors

Leverage Risk

High leverage can strain Carmila's financial resources, limiting its ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Technical Indicators

Weak technical indicators may reflect market concerns about Carmila's short-term prospects, potentially affecting investor confidence and stock performance.

Market Sentiment

Neutral RSI and weak momentum could indicate limited investor enthusiasm, potentially impacting Carmila's ability to attract new capital or partnerships.

Carmila SAS Business Overview & Revenue Model

Company Description

The third listed company of shopping centres in Continental Europe, Carmila was created by Carrefour and major institutional investors to transform and enhance the shopping centres adjoining Carrefour stores in France, Spain and Italy. As of 30 June 2020, its portfolio consisted of 215 shopping centres, leaders in their catchment area, valued at 6.2 billion euros. Putting proximity at the heart of all its actions, Carmila aims to simplify life and improve the daily lives of merchants and customers in the heart of all territories. Driven by a true commercial culture, its teams integrate all the expertise dedicated to the attractiveness of its assets: operations, center management, marketing, local digital marketing, new business and CSR. Carmila is listed in Compartment A on Euronext-Paris under the symbol CARM. It benefits from the regime of listed real estate investment companies (SIIC). On September 18, 2017, Carmila joined the FTSE EPRA/NAREIT Global Real Estate (EMEA Region) indices. On September 24, 2018, Carmila joined the Euronext CAC Small, CAC Mid Small and CAC All-tradable indices.

How the Company Makes Money

Carmila generates revenue primarily through leasing its retail spaces to a variety of tenants, which provides a stable income stream. The company benefits from long-term leases, ensuring predictable cash flow. Additionally, Carmila may earn income from service charges and other ancillary services provided to tenants. Strategic partnerships with retailers and ongoing investments in property development and management further enhance its revenue potential. The company's focus on optimizing the tenant mix and enhancing property value through renovations and upgrades also contributes to its earnings.

Carmila SAS Financial Statement Overview

Summary

Carmila SAS demonstrates strong financial performance with significant improvements in profitability and cash flow. The income statement shows a substantial increase in net income and EBIT, while the cash flow statement highlights efficient cash generation and growth in free cash flow. However, the balance sheet indicates a relatively high debt-to-equity ratio, which poses some leverage risk.

Income Statement

Carmila SAS shows strong improvements in profitability, evidenced by a substantial increase in net income and EBIT. The gross profit margin remains stable, but the net profit margin has seen a remarkable increase due to the recovery from previous losses. The revenue growth rate is positive, indicating a healthy upward trend in sales.

Balance Sheet

The balance sheet reveals a solid equity base with a stable equity ratio. However, the debt-to-equity ratio is relatively high, suggesting potential leverage risk, though the increase in stockholders' equity is a positive sign. The return on equity has improved significantly, reflecting enhanced profitability.

Cash Flow

Carmila SAS exhibits strong cash flow performance with a significant increase in free cash flow. The operating cash flow to net income ratio indicates efficient cash generation relative to net income. The company has managed to grow its free cash flow consistently, enhancing its financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	570.17M	506.94M	486.12M	472.69M	444.34M	439.95M
Gross Profit	422.13M	370.69M	364.53M	361.06M	303.24M	279.42M
EBITDA	487.08M	431.23M	298.01M	289.70M	237.28M	216.60M
Net Income	352.44M	313.84M	2.78M	219.33M	192.12M	-198.75M
Balance Sheet
Total Assets	6.73B	6.74B	6.73B	6.51B	6.37B	6.45B
Cash, Cash Equivalents and Short-Term Investments	112.42M	154.44M	860.19M	356.71M	238.27M	320.26M
Total Debt	2.79B	2.75B	3.05B	2.61B	2.59B	2.66B
Total Liabilities	3.38B	3.32B	3.44B	3.01B	2.99B	3.18B
Stockholders Equity	3.35B	3.41B	3.29B	3.50B	3.37B	3.26B
Cash Flow
Free Cash Flow	281.85M	293.24M	261.55M	236.37M	114.34M	115.25M
Operating Cash Flow	282.13M	296.29M	276.05M	261.41M	200.12M	116.20M
Investing Cash Flow	-242.48M	-229.24M	56.67M	30.46M	-146.27M	-75.81M
Financing Cash Flow	-661.06M	-772.93M	170.77M	-173.36M	-126.99M	96.90M

Carmila SAS Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.12
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:CARM, the sentiment is Positive. The current price of 17.12 is above the 20-day moving average (MA) of 16.46, above the 50-day MA of 16.81, and above the 200-day MA of 16.98, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.15 is Neutral, neither overbought nor oversold. The STOCH value of 82.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:CARM.

Carmila SAS Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARM	80 Outperform	€2.25B	6.40	―	7.41%	16.69%	574.43%
MERY	67 Neutral	€987.91M	31.36	5.24%	9.12%	-1.19%	-46.75%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FREY	65 Neutral	€927.74M	146.49	0.61%	6.60%	8.81%	-78.28%
COV	61 Neutral	€6.13B	14.59	5.11%	6.29%	8.36%	―
ALTA	58 Neutral	€2.30B	-192.82	-0.71%	7.59%	-4.87%	97.55%
ICAD	52 Neutral	€1.57B	-8.38	-4.49%	20.31%	-6.91%	80.39%