Loading...

We've got a brand new version of Simply Wall St! Try it out

Crédit Agricole

ENXTPA:ACA
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACA
ENXTPA
€36B
Market Cap
  1. Home
  2. FR
  3. Banks
Company description

Crédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
ACA Share Price and Events
7 Day Returns
2.6%
ENXTPA:ACA
0.7%
FR Banks
0.9%
FR Market
1 Year Returns
15.5%
ENXTPA:ACA
6.6%
FR Banks
16.6%
FR Market
ACA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crédit Agricole (ACA) 2.6% 9.1% 22.6% 15.5% 16.6% 18%
FR Banks 0.7% 8.4% 11.8% 6.6% -7% -1%
FR Market 0.9% 4.5% 10.6% 16.6% 37% 45%
1 Year Return vs Industry and Market
  • ACA outperformed the Banks industry which returned 6.6% over the past year.
  • ACA underperformed the Market in France which returned 16.6% over the past year.
Price Volatility
ACA
Industry
5yr Volatility vs Market

Value

 Is Crédit Agricole undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Crédit Agricole to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Crédit Agricole.

ENXTPA:ACA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= €20.77 * 7.5%
€1.57
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €20.77
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ACA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 33%) (1065.15%))
3.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (2 * 6.65%)
14.03%

Discounted Cash Flow Calculation for ENXTPA:ACA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Crédit Agricole is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTPA:ACA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.5% – 14.03%) * €20.77)
€-1.35
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.35 / (14.03% - 0.73%)
€-10.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €20.77 + €-10.14
€10.62
ENXTPA:ACA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.62
Current discount Discount to share price of €12.60
= -1 x (€12.60 - €10.62) / €10.62
-18.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Crédit Agricole is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Crédit Agricole's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crédit Agricole's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ACA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €1.25
ENXTPA:ACA Share Price ** ENXTPA (2019-11-15) in EUR €12.6
Europe Banks Industry PE Ratio Median Figure of 200 Publicly-Listed Banks Companies 9.4x
France Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.82x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Crédit Agricole.

ENXTPA:ACA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ACA Share Price ÷ EPS (both in EUR)

= 12.6 ÷ 1.25

10.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crédit Agricole is overvalued based on earnings compared to the Europe Banks industry average.
  • Crédit Agricole is good value based on earnings compared to the France market.
Price based on expected Growth
Does Crédit Agricole's expected growth come at a high price?
Raw Data
ENXTPA:ACA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
1.5%per year
Europe Banks Industry PEG Ratio Median Figure of 125 Publicly-Listed Banks Companies 0.69x
France Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

ENXTPA:ACA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.11x ÷ 1.5%

6.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crédit Agricole is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Crédit Agricole's assets?
Raw Data
ENXTPA:ACA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €21.61
ENXTPA:ACA Share Price * ENXTPA (2019-11-15) in EUR €12.6
Europe Banks Industry PB Ratio Median Figure of 209 Publicly-Listed Banks Companies 0.67x
France Market PB Ratio Median Figure of 594 Publicly-Listed Companies 1.45x
ENXTPA:ACA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ACA Share Price ÷ Book Value per Share (both in EUR)

= 12.6 ÷ 21.61

0.58x

* Primary Listing of Crédit Agricole.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crédit Agricole is good value based on assets compared to the Europe Banks industry average.
X
Value checks
We assess Crédit Agricole's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Crédit Agricole has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Crédit Agricole expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crédit Agricole expected to grow at an attractive rate?
  • Crédit Agricole's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Crédit Agricole's earnings growth is positive but not above the France market average.
  • Crédit Agricole's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ACA Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ACA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 1.5%
ENXTPA:ACA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 3.1%
France Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.6%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
France Market Earnings Growth Rate Market Cap Weighted Average 11.6%
France Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ACA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ACA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 21,949 4,531 4
2021-12-31 21,278 4,339 14
2020-12-31 20,697 4,156 15
2019-12-31 20,106 4,378 13
2019-11-17
ENXTPA:ACA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 18,734 3,573
2019-06-30 18,623 14,192 3,627
2019-03-31 18,779 3,856
2018-12-31 18,744 24,930 3,960
2018-09-30 18,334 3,365
2018-06-30 18,062 27,784 3,330
2018-03-31 17,472 3,212
2018-01-01 17,218 28,582 3,175
2017-09-30 17,142 3,025
2017-06-30 16,125 -7,852 2,544
2017-03-31 16,058 2,369
2016-12-31 15,114 -22,706 1,763

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Crédit Agricole's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Crédit Agricole's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ACA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Crédit Agricole Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ACA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.52 1.74 1.34 4.00
2021-12-31 1.48 1.76 1.13 13.00
2020-12-31 1.41 1.68 1.12 15.00
2019-12-31 1.45 1.88 1.24 11.00
2019-11-17
ENXTPA:ACA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 1.25
2019-06-30 1.27
2019-03-31 1.35
2018-12-31 1.39
2018-09-30 1.18
2018-06-30 1.17
2018-03-31 1.13
2018-01-01 1.12
2017-09-30 1.07
2017-06-30 0.90
2017-03-31 0.85
2016-12-31 0.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Crédit Agricole is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Crédit Agricole's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Crédit Agricole has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Crédit Agricole performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Crédit Agricole's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Crédit Agricole's year on year earnings growth rate has been positive over the past 5 years.
  • Crédit Agricole's 1-year earnings growth is less than its 5-year average (6.2% vs 15.1%)
  • Crédit Agricole's earnings growth has exceeded the FR Banks industry average in the past year (6.2% vs 1.1%).
Earnings and Revenue History
Crédit Agricole's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Crédit Agricole Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ACA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 18,734.00 3,573.00 818.00
2019-06-30 18,623.00 3,627.00 818.00
2019-03-31 18,779.00 3,856.00 818.00
2018-12-31 18,744.00 3,960.00 818.00
2018-09-30 18,334.00 3,365.00 808.00
2018-06-30 18,062.00 3,330.00 808.00
2018-03-31 17,472.00 3,212.00 808.00
2018-01-01 17,218.00 3,175.00 808.00
2017-09-30 17,142.00 3,025.00 749.00
2017-06-30 16,125.00 2,544.00 749.00
2017-03-31 16,058.00 2,369.00 749.00
2016-12-31 15,114.00 1,763.00 749.00
2016-09-30 15,195.00 2,164.00 707.00
2016-06-30 15,217.00 2,352.00 707.00
2016-03-31 14,954.00 1,833.00 707.00
2015-12-31 15,439.00 2,105.00 707.00
2015-09-30 14,650.00 2,135.00 350.00
2015-06-30 14,750.00 2,262.00 350.00
2015-03-31 14,115.00 1,743.00 681.00
2014-12-31 13,698.00 2,128.00 681.00
2014-09-30 13,486.00 2,310.00 1,053.00
2014-06-30 13,298.00 2,056.00 1,053.00
2014-03-31 13,433.00 2,741.00 722.00
2013-12-31 12,886.00 2,454.00 722.00
2013-09-30 12,098.00 -1,134.00 773.00
2013-06-30 11,166.00 -2,577.00 773.00
2013-03-31 11,070.00 -2,834.00 773.00
2012-12-31 12,428.00 -2,069.00 773.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Crédit Agricole has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Crédit Agricole used its assets less efficiently than the FR Banks industry average last year based on Return on Assets.
  • Unable to establish if Crédit Agricole improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Crédit Agricole's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Crédit Agricole has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Crédit Agricole's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Crédit Agricole's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Crédit Agricole Company Filings, last reported 1 month ago.

ENXTPA:ACA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 69,100.00 386,900.00 811,200.00
2019-06-30 67,795.00 401,339.00 673,295.00
2019-03-31 68,700.00 376,500.00 720,400.00
2018-12-31 65,516.00 371,648.00 570,002.00
2018-09-30 64,600.00 351,700.00 702,900.00
2018-06-30 63,606.00 369,023.00 622,322.00
2018-03-31 63,800.00 343,600.00 698,800.00
2018-01-01 63,565.00 344,816.00 295,298.00
2017-09-30 64,600.00 317,354.00 412,300.00
2017-06-30 63,843.00 397,708.00 598,535.00
2017-03-31 65,000.00 322,099.00 397,900.00
2016-12-31 63,937.00 423,104.00 578,965.00
2016-09-30 63,600.00 314,437.00 421,300.00
2016-06-30 61,873.00 471,470.00 656,523.00
2016-03-31 61,000.00 330,844.00 433,000.00
2015-12-31 59,435.00 440,895.00 600,374.00
2015-09-30 57,600.00 319,584.00 423,600.00
2015-06-30 57,491.00 455,221.00 628,031.00
2015-03-31 59,700.00 341,252.00 502,000.00
2014-12-31 56,161.00 500,618.00 665,292.00
2014-09-30 54,300.00 361,136.00 475,400.00
2014-06-30 51,946.00 452,633.00 676,633.00
2014-03-31 50,500.00 356,334.00 471,100.00
2013-12-31 47,883.00 457,484.00 626,097.00
2013-09-30 46,400.00 362,330.00 633,000.00
2013-06-30 45,664.00 607,742.00 893,454.00
2013-03-31 45,800.00 361,142.00 696,900.00
2012-12-31 45,679.00 476,494.00 700,277.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Crédit Agricole has an acceptable proportion of non-loan assets held.
  • Crédit Agricole's liabilities are made up of primarily higher risk sources of funding.
  • Crédit Agricole has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Crédit Agricole's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Crédit Agricole has a low allowance for bad loans.
  • Crédit Agricole has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Crédit Agricole's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Crédit Agricole has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Crédit Agricole's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.48%
Current annual income from Crédit Agricole dividends. Estimated to be 5.67% next year.
If you bought €2,000 of Crédit Agricole shares you are expected to receive €110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Crédit Agricole's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.5%).
  • Crédit Agricole's dividend is above the markets top 25% of dividend payers in France (4.49%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ACA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
France Banks Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 6.1%
France Market Average Dividend Yield Market Cap Weighted Average of 308 Stocks 2.8%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ACA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.76 5.00
2021-12-31 0.74 17.00
2020-12-31 0.71 19.00
2019-12-31 0.69 19.00
2019-11-17
ENXTPA:ACA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.690 6.283
2018-03-27 0.630 5.451
2018-02-14 0.630 4.606
2017-05-24 0.600 4.098
2016-05-19 0.600 5.962
2015-03-23 0.350 3.130
2015-02-27 0.350 2.691
2015-02-25 0.350 2.784
2014-02-19 0.350 3.148
2012-11-14 0.000 0.000
2012-11-09 0.000 0.000
2012-09-10 0.000 0.000
2012-08-28 0.000 0.000
2012-05-11 0.000 0.000
2012-03-15 0.000 0.000
2012-02-23 0.000 0.000
2011-05-18 0.450 7.807
2010-02-25 0.450 4.179
2009-03-04 0.450 4.030

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Crédit Agricole's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Crédit Agricole's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Crédit Agricole afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crédit Agricole has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Crédit Agricole's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Philippe Brassac
COMPENSATION €2,214,767
AGE 60
TENURE AS CEO 4.5 years
CEO Bio

Mr. Philippe Brassac serves as Chairman at Credit Agricole Corporate and Investment Bank. He has been the President of Federation Bancaire Francaise since September 01, 2016. Mr. Brassac serves as the Chief Executive Officer of the Caisse Régionale Provence Côte d'Azur and Caisse Régionale de Crédit Agricole Mutuel de Provence Cote d'Azur. He has been the President of LCL since May 20, 2015 and also serves as its Chairman. He has been Secretary General of the Fédération Nationale du Crédit Agricole since January 7, 2010. He has been the Chief Executive Officer of Crédit Agricole S.A. since May 20, 2015. He serves as Managing Director of Caisse Régionale Provence Côte d'Azur and Sacam International. He serves as the President of Sacam Développement, Sofipaca sa and Sofipaca gestion. He serves as Vice President of Crédit Agricole SA and SAS Rue La Boétie. He served as Executive Officer, Chief Financial Officer, Chief Banking Officer and Chief Marketing Officer of Crédit Agricole du Gard. He served as Joint Managing Director of Crédit Agricole des Alpes Maritimes since 1994. He served as Joint Managing Director of Crédit Agricole Provence Côte d’Azur until 2010. He served as Director of Relations with Regional Banks of Caisse Nationale de Crédit Agricole from 1999 to 2001. He served as Managing Director of Crédit Agricole Provence Côte d’Azur since 2001. He serves as Executive Director at Crédit Agricole SA. He has been the Chairman of Credit Lyonnais SA since May 20, 2015. He has been the Chairman of the Board of Directors at Crédit Agricole Corporate and Investment Bank S.A. since May 20, 2015 and its Director since February 23, 2010. He serves as the Deputy Chairman of SAS Rue La Boétie. He served as the Vice Chairman of Credit Agricole S.A. since January 2010 and also served as its Deputy Chairman from March 1, 2010 to May 2010. He has been a Director of Calyon Bank Czech Republic A.S since 2010 and Credit Agricole Corporate and Investment Bank. He served as a Director of Credit Agricole S.A. from March 1, 2010 to April 30, 2015. He served as a Director of CFM Indosuez Wealth S/A (formerly Credit Foncier de Monaco), Crédite Agricole du Gard and LCL. Mr. Brassac holds Post-Graduate Degree in Advanced Mathematics. He is a Graduate of Ecole Nationale De La Statistique Et De L'administration Economique Paris.

CEO Compensation
  • Philippe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Philippe's remuneration is lower than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Crédit Agricole management team in years:

4.7
Average Tenure
59
Average Age
  • The tenure for the Crédit Agricole management team is about average.
Management Team

Philippe Brassac

TITLE
Chief Executive Officer
COMPENSATION
€2M
AGE
60
TENURE
4.5 yrs

Xavier Musca

TITLE
Deputy Chief Executive Officer
COMPENSATION
€1M
AGE
59
TENURE
7.3 yrs

Jérôme Grivet

TITLE
Deputy GM
AGE
57
TENURE
4.8 yrs

Michel Ganzin

TITLE
Deputy General Manager

Clotilde L'Angevin

TITLE
Head of Investor Relations
AGE
41
TENURE
0.8 yrs

Cyril Meilland

TITLE
Head of Investors Relations

Pierre Minor

TITLE
Head of Legal Affairs
AGE
66
TENURE
4 yrs

Stéphane Priami

TITLE
Group Head of Compliance

Denis Marquet

TITLE
Head of Group Communications
TENURE
8.8 yrs

Véronique Faujour

TITLE
Head of Marketing & Communication
Board of Directors Tenure

Average tenure and age of the Crédit Agricole board of directors in years:

7.5
Average Tenure
62
Average Age
  • The tenure for the Crédit Agricole board of directors is about average.
Board of Directors

Dominique Lefebvre

TITLE
Chairman of the Board
COMPENSATION
€560K
AGE
58
TENURE
4 yrs

Raphaël Appert

TITLE
Deputy Chairman
COMPENSATION
€45K
AGE
58

Noël Dupuy

TITLE
Chairman of the Crcam Touraine & Poitou and Director of the Fnca
COMPENSATION
€43K
AGE
72

M. Cazals

TITLE
Chairman & Director of the CRCAM Toulouse et Midi Toulousain
COMPENSATION
€20K
AGE
72

Laurence Dors

TITLE
Independent Director
COMPENSATION
€65K
AGE
63
TENURE
10.5 yrs

Monica Mondardini

TITLE
Independent Director
COMPENSATION
€52K
AGE
59
TENURE
9.5 yrs

Françoise Gri

TITLE
Independent Director
COMPENSATION
€124K
AGE
62
TENURE
7.5 yrs

Catherine Pourre

TITLE
Independent Director
COMPENSATION
€124K
AGE
62
TENURE
2.5 yrs

Véronique Flachaire

TITLE
Director
COMPENSATION
€45K
AGE
62
TENURE
9.8 yrs

Pierre Cambefort

TITLE
Non-Voting Director
COMPENSATION
€8K
AGE
55
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Crédit Agricole's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Crédit Agricole has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is There Now An Opportunity In Crédit Agricole S.A. (EPA:ACA)?

Great news for investors – Crédit Agricole is still trading at a fairly cheap price. … This is because Crédit Agricole’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Here's What Crédit Agricole S.A.'s (EPA:ACA) P/E Ratio Is Telling Us

View our latest analysis for Crédit Agricole How Do You Calculate Crédit Agricole's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Crédit Agricole: P/E of 8.12 = €10.26 ÷ €1.26 (Based on the trailing twelve months to June 2019.) Is A High Price-to-Earnings Ratio Good? … Crédit Agricole saw earnings per share improve by -8.0% last year.

Simply Wall St -

Is Crédit Agricole S.A. (EPA:ACA) An Attractive Dividend Stock?

With Crédit Agricole yielding 6.4% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Crédit Agricole's dividend payments have fluctuated, so it hasn't grown 4.4% every year, but the CAGR is a useful rule of thumb for approximating the historical growth. … Conclusion To summarise, shareholders should always check that Crédit Agricole's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

What Type Of Shareholder Owns Crédit Agricole S.A.'s (EPA:ACA)?

See our latest analysis for Crédit Agricole ENXTPA:ACA Ownership Summary, July 5th 2019 What Does The Institutional Ownership Tell Us About Crédit Agricole? … Insider Ownership Of Crédit Agricole The definition of company insiders can be subjective, and does vary between jurisdictions. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

Should Crédit Agricole (EPA:ACA) Be Disappointed With Their 21% Profit?

However, it's unlikely many shareholders are elated with the share price gain of 21% over that time, given the rising market. … Crédit Agricole was able to grow its EPS at 25% per year over three years, sending the share price higher. … A Different Perspective While the broader market gained around 0.7% in the last year, Crédit Agricole shareholders lost 8.7% (even including dividends).

Simply Wall St -

What Should Investors Know About Crédit Agricole S.A.'s (EPA:ACA) Growth?

(EPA:ACA) released its earnings announcement on 31 March 2019, the consensus outlook from analysts appear somewhat bearish, with earnings expected to grow by 4.4% in the upcoming year compared with the higher past 5-year average growth rate of 13%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … ENXTPA:ACA Past and Future Earnings, May 20th 2019 From the current net income level of €4.0b and the final forecast of €4.5b by 2022, the annual rate of growth for ACA’s earnings is 4.3%.

Simply Wall St -

Does Crédit Agricole (EPA:ACA) Deserve A Spot On Your Watchlist?

Crédit Agricole's Earnings Per Share Are Growing. … I note that Crédit Agricole's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … While we note Crédit Agricole's EBIT margins were flat over the last year, revenue grew by a solid 8.9% to €19b.

Simply Wall St -

What Makes Crédit Agricole S.A. (EPA:ACA) A Great Dividend Stock?

Over the past 10 years Crédit Agricole S.A. … With a market cap of €36b, Crédit Agricole pays out 50% of its earnings, leading to a 5.5% yield. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come

Simply Wall St -

What Does Crédit Agricole S.A.'s (EPA:ACA) Share Price Indicate?

received a lot of attention from a substantial price increase on the ENXTPA over the last few months. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price … However, what if the stock is still a bargain?

Simply Wall St -

Crédit Agricole S.A. (EPA:ACA): Will The Growth Last?

The most recent earnings announcement Crédit Agricole S.A.'s (EPA:ACA) released in December 2018a

Simply Wall St -

Company Info

Description

Crédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through five segments: Asset Gathering; French Retail Banking - LCL; International Retail Banking; Specialised Financial Services; and Large Customers. The company offers payment instruments, loans, and saving products; savings/retirement, death and disability/creditor/group, and property and casualty insurance products; and expertise and investment solutions for active, passive, real estate, and alternative asset management. It also provides wealth management services that allow individual customers to manage, protect, and transfer their assets; and consumer finance and flow management services. In addition, the company offers financing solutions for property and equipment investment and renewal requirements; trade receivable financing and management solutions for corporates; and financing services for renewable energy and public infrastructure projects, as well as leasing services. Further, it provides investment banking, structured finance, international trade finance, commercial banking, capital market, and syndication services; and asset servicing solutions for investment products, as well as various asset classes, such as execution, clearing, custody, fund administration, middle-office, forex, security lending and borrowing, and fund distribution support and services to issuers. Crédit Agricole S.A. serves retail and corporate customers, banks and financial institutions, government agencies, and local authorities. The company is headquartered in Montrouge, France. Crédit Agricole S.A. is a subsidiary of SAS Rue La Boétie.

Details
Name: Crédit Agricole S.A.
ACA
Exchange: ENXTPA
Founded:
€36,323,578,771
2,882,823,712
Website: http://www.credit-agricole.com
Address: Crédit Agricole S.A.
50 Avenue Jean Jaurès,
Montrouge,
Ile-de-France, 92120,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ACA Registered Shares Euronext Paris FR EUR 14. Dec 2001
OTCPK CRAR.F Registered Shares Pink Sheets LLC US USD 14. Dec 2001
DB XCA Registered Shares Deutsche Boerse AG DE EUR 14. Dec 2001
XTRA XCA Registered Shares XETRA Trading Platform DE EUR 14. Dec 2001
LSE 0HAI Registered Shares London Stock Exchange GB EUR 14. Dec 2001
BIT ACA Registered Shares Borsa Italiana IT EUR 14. Dec 2001
WBAG ACA Registered Shares Wiener Boerse AG AT EUR 14. Dec 2001
BATS-CHIXE ACAP Registered Shares BATS 'Chi-X Europe' GB EUR 14. Dec 2001
OTCPK CRAR.Y ADR Pink Sheets LLC US USD 06. Oct 2008
Number of employees
Current staff
Staff numbers
72,510
Crédit Agricole employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 20:45
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.