Carrefour : Is the distribution phase coming to an end ?

01/24/2023 | 02:42am EST

long trade Live

Entry price : 17.365€ | Target : 19.7€ | Stop-loss : 16€ | Potential : 13.45%

After accumulation, acceleration. Timing appears favorable to go long in shares of Carrefour and to anticipate an exit of the trading range on the upside. Investors have an opportunity to buy the stock and target the € 19.7.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
• The company presents an interesting fundamental situation from a short-term investment perspective.
• The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths

• The company shows low valuation levels, with an enterprise value at 0.28 times its sales.
• Over the last twelve months, the sales forecast has been frequently revised upwards.
• Analysts covering this company mostly recommend stock overweighting or purchase.

Weaknesses

• The company's profitability before interest, taxes, depreciation and amortization characterizes fragile margins.
• The company has insufficient levels of profitability.
• For the past year, analysts have significantly revised downwards their profit estimates.

Ratings chart

Subsector Supermarkets & Convenience Stores

1st jan. Capitalization (M$) Investor Rating CARREFOUR 10.90% 14 490 SEVEN & I HOLDINGS CO., LTD.. 7.93% 41 377 AVENUE SUPERMARTS LIMITED -13.61% 27 939 SM INVESTMENTS CORPORATION 4.89% 21 137 COLES GROUP LIMITED 3.47% 16 354 JERÓNIMO MARTINS, SGPS, S.A.. -0.69% 13 667 KESKO OYJ 4.41% 9 261 DINO POLSKA S.A. 2.96% 8 725 CASEY'S GENERAL STORES, INC.. 2.82% 8 593 SHOPRITE HOLDINGS LTD 6.09% 7 697 PT SUMBER ALFARIA TRIJAYA T.. 5.28% 7 627

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