Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

CarrefourSA Carrefour Sabanci Ticaret Merkezi

IBSE:CRFSA
Snowflake Description

Mediocre balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRFSA
IBSE
TRY4B
Market Cap
  1. Home
  2. TR
  3. Consumer Retailing
Company description

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi has significant price volatility in the past 3 months.
CRFSA Share Price and Events
7 Day Returns
-1.6%
IBSE:CRFSA
-0.6%
TR Consumer Retailing
7.5%
TR Market
1 Year Returns
80.4%
IBSE:CRFSA
19.6%
TR Consumer Retailing
29.5%
TR Market
CRFSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CarrefourSA Carrefour Sabanci Ticaret Merkezi (CRFSA) -1.6% 4.1% 17.8% 80.4% -7.9% -
TR Consumer Retailing -0.6% -3.8% 0.7% 19.6% 5.9% 1.5%
TR Market 7.5% -11.5% -8.6% 29.5% 45.1% 58.5%
1 Year Return vs Industry and Market
  • CRFSA outperformed the Consumer Retailing industry which returned 19.6% over the past year.
  • CRFSA outperformed the Market in Turkey which returned 29.5% over the past year.
Price Volatility
CRFSA
Industry
5yr Volatility vs Market

CRFSA Value

 Is CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi.

IBSE:CRFSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.6%
Perpetual Growth Rate 10-Year TR Government Bond Rate 8.6%

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 IBSE:CRFSA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TR Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 10%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.391 (1 + (1- 22%) (48.61%))
0.692
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.8 * 10%)
16.6%

Discounted Cash Flow Calculation for IBSE:CRFSA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CarrefourSA Carrefour Sabanci Ticaret Merkezi is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

IBSE:CRFSA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TRY, Millions) Source Present Value
Discounted (@ 16.6%)
2020 293.30 Est @ 30.02% 251.55
2021 362.51 Est @ 23.6% 266.64
2022 431.74 Est @ 19.1% 272.35
2023 500.60 Est @ 15.95% 270.83
2024 569.40 Est @ 13.74% 264.19
2025 638.87 Est @ 12.2% 254.23
2026 709.91 Est @ 11.12% 242.28
2027 783.49 Est @ 10.36% 229.32
2028 860.55 Est @ 9.84% 216.02
2029 941.99 Est @ 9.46% 202.80
Present value of next 10 years cash flows TRY2,470.00
IBSE:CRFSA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= TRY941.99 × (1 + 8.6%) ÷ (16.6% – 8.6%)
TRY12,787.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= TRY12,787.57 ÷ (1 + 16.6%)10
TRY2,752.98
IBSE:CRFSA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= TRY2,470.00 + TRY2,752.98
TRY5,222.98
Equity Value per Share
(TRY)
= Total value / Shares Outstanding
= TRY5,222.98 / 700.00
TRY7.46
IBSE:CRFSA Discount to Share Price
Calculation Result
Value per share (TRY) From above. TRY7.46
Current discount Discount to share price of TRY6.08
= -1 x (TRY6.08 - TRY7.46) / TRY7.46
18.5%

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

Current Discount
Amount off the current price CarrefourSA Carrefour Sabanci Ticaret Merkezi is available for.
Intrinsic value
19%
Share price is TRY6.08 vs Future cash flow value of TRY7.46
Current Discount Checks
For CarrefourSA Carrefour Sabanci Ticaret Merkezi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 CarrefourSA Carrefour Sabanci Ticaret Merkezi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CarrefourSA Carrefour Sabanci Ticaret Merkezi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IBSE:CRFSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TRY TRY-0.49
IBSE:CRFSA Share Price ** IBSE (2020-04-08) in TRY TRY6.08
Asia Consumer Retailing Industry PE Ratio Median Figure of 200 Publicly-Listed Consumer Retailing Companies 17.27x
Turkey Market PE Ratio Median Figure of 279 Publicly-Listed Companies 10.43x

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

** Primary Listing of CarrefourSA Carrefour Sabanci Ticaret Merkezi.

IBSE:CRFSA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IBSE:CRFSA Share Price ÷ EPS (both in TRY)

= 6.08 ÷ -0.49

-12.41x

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

  • CarrefourSA Carrefour Sabanci Ticaret Merkezi is loss making, we can't compare its value to the Asia Consumer Retailing industry average.
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi is loss making, we can't compare the value of its earnings to the Turkey market.
Price based on expected Growth
Does CarrefourSA Carrefour Sabanci Ticaret Merkezi's expected growth come at a high price?
Raw Data
IBSE:CRFSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Retailing Industry PEG Ratio Median Figure of 73 Publicly-Listed Consumer Retailing Companies 2.16x
Turkey Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.48x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for CarrefourSA Carrefour Sabanci Ticaret Merkezi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CarrefourSA Carrefour Sabanci Ticaret Merkezi's assets?
Raw Data
IBSE:CRFSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TRY TRY-0.43
IBSE:CRFSA Share Price * IBSE (2020-04-08) in TRY TRY6.08
Turkey Consumer Retailing Industry PB Ratio Median Figure of 5 Publicly-Listed Consumer Retailing Companies 3.65x
Turkey Market PB Ratio Median Figure of 371 Publicly-Listed Companies 1.39x
IBSE:CRFSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IBSE:CRFSA Share Price ÷ Book Value per Share (both in TRY)

= 6.08 ÷ -0.43

-14.1x

* Primary Listing of CarrefourSA Carrefour Sabanci Ticaret Merkezi.

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

  • CarrefourSA Carrefour Sabanci Ticaret Merkezi has negative assets, we can't compare the value of its assets to the TR Consumer Retailing industry average.
X
Value checks
We assess CarrefourSA Carrefour Sabanci Ticaret Merkezi'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. CarrefourSA Carrefour Sabanci Ticaret Merkezi has a total score of 0/6, 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.

CRFSA Future Performance

 How is CarrefourSA Carrefour Sabanci Ticaret Merkezi expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CarrefourSA Carrefour Sabanci Ticaret Merkezi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.5%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi expected to grow at an attractive rate?
  • Unable to compare CarrefourSA Carrefour Sabanci Ticaret Merkezi's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CarrefourSA Carrefour Sabanci Ticaret Merkezi's earnings growth to the Turkey market average as no estimate data is available.
  • Unable to compare CarrefourSA Carrefour Sabanci Ticaret Merkezi's revenue growth to the Turkey market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
IBSE:CRFSA Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Asia Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
Turkey Market Earnings Growth Rate Market Cap Weighted Average 19.3%
Turkey Market Revenue Growth Rate Market Cap Weighted Average 13%

*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
IBSE:CRFSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
IBSE:CRFSA Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2019-12-31 6,386 409 -343
2019-09-30 6,060 461 -495
2019-06-30 5,753 329 -477
2019-03-31 5,431 266 -58
2018-12-31 5,203 141 -11
2018-09-30 4,995 186 32
2018-06-30 4,787 327 43
2018-03-31 4,657 118 -336
2017-12-31 4,557 261 -306
2017-09-30 4,456 70 -135
2017-06-30 4,418 -50 -249
2017-03-31 4,444 -124 -361

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CarrefourSA Carrefour Sabanci Ticaret Merkezi is high growth as no earnings estimate data is available.
  • Unable to determine if CarrefourSA Carrefour Sabanci Ticaret Merkezi is high growth as no revenue estimate data is available.
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
IBSE:CRFSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CarrefourSA Carrefour Sabanci Ticaret Merkezi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:CRFSA Past Financials Data
Date (Data in TRY Millions) EPS *
2019-12-31 -0.49
2019-09-30 -0.71
2019-06-30 -0.68
2019-03-31 -0.08
2018-12-31 -0.02
2018-09-30 0.05
2018-06-30 0.06
2018-03-31 -0.48
2017-12-31 -0.44
2017-09-30 -0.19
2017-06-30 -0.36
2017-03-31 -0.52

*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.
  • Unable to establish if CarrefourSA Carrefour Sabanci Ticaret Merkezi will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. CarrefourSA Carrefour Sabanci Ticaret Merkezi's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Retailing companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CarrefourSA Carrefour Sabanci Ticaret Merkezi'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
CarrefourSA Carrefour Sabanci Ticaret Merkezi has a total score of 0/6, 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.

CRFSA Past Performance

  How has CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi's growth in the last year to its industry (Consumer Retailing).
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.
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CarrefourSA Carrefour Sabanci Ticaret Merkezi's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CarrefourSA Carrefour Sabanci Ticaret Merkezi's 1-year growth to the Asia Consumer Retailing industry average as it is not currently profitable.
Earnings and Revenue History
CarrefourSA Carrefour Sabanci Ticaret Merkezi'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 CarrefourSA Carrefour Sabanci Ticaret Merkezi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:CRFSA Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,385.70 -343.08 1,532.47
2019-09-30 6,060.36 -494.99 1,431.94
2019-06-30 5,753.33 -476.72 1,390.26
2019-03-31 5,431.46 -58.06 1,354.61
2018-12-31 5,203.36 -11.50 1,416.02
2018-09-30 4,994.52 32.00 1,354.31
2018-06-30 4,786.82 43.30 1,292.04
2018-03-31 4,657.10 -336.02 1,225.39
2017-12-31 4,556.67 -305.81 1,152.99
2017-09-30 4,455.88 -134.95 1,120.32
2017-06-30 4,417.55 -249.32 1,117.84
2017-03-31 4,444.15 -361.07 1,132.84
2016-12-31 4,493.87 -432.17 1,166.80
2016-09-30 4,568.73 -523.56 1,212.10
2016-06-30 4,527.02 -391.49 1,207.50
2016-03-31 4,251.59 -238.42 1,135.49
2015-12-31 3,932.51 -31.69 1,022.92
2015-09-30 3,580.47 151.79 900.30
2015-06-30 3,299.80 189.32 794.96
2015-03-31 3,206.81 209.52 736.10
2014-12-31 3,126.33 100.50 699.33
2014-09-30 3,019.35 -18.68 660.00
2014-06-30 2,870.19 -53.83 634.35
2014-03-31 2,700.32 -89.00 612.95
2013-12-31 2,600.67 -100.76 596.83
2013-09-30 2,547.92 -72.29 589.46
2013-06-30 2,538.94 -44.18 577.72

*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.
  • It is difficult to establish if CarrefourSA Carrefour Sabanci Ticaret Merkezi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi used its assets more efficiently than the Asia Consumer Retailing industry average last year based on Return on Assets.
  • It is difficult to establish if CarrefourSA Carrefour Sabanci Ticaret Merkezi improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CarrefourSA Carrefour Sabanci Ticaret Merkezi'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 Consumer Retailing 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.
CarrefourSA Carrefour Sabanci Ticaret Merkezi has a total score of 1/6, 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.

CRFSA Health

 How is CarrefourSA Carrefour Sabanci Ticaret Merkezi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CarrefourSA Carrefour Sabanci Ticaret Merkezi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CarrefourSA Carrefour Sabanci Ticaret Merkezi'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.
  • High level of physical assets or inventory.
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 CarrefourSA Carrefour Sabanci Ticaret Merkezi Company Filings, last reported 3 months ago.

IBSE:CRFSA Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -301.94 1,197.49 506.90
2019-09-30 -225.93 1,066.89 446.03
2019-06-30 -146.57 955.07 460.01
2019-03-31 -46.41 1,103.52 565.06
2018-12-31 53.25 867.00 487.58
2018-09-30 281.71 1,185.77 477.34
2018-06-30 342.80 1,399.91 1,064.28
2018-03-31 24.30 1,426.04 262.82
2017-12-31 68.59 1,599.95 511.63
2017-09-30 241.02 1,293.34 255.88
2017-06-30 290.81 1,315.82 264.63
2017-03-31 351.62 1,266.44 244.77
2016-12-31 374.51 1,264.62 274.88
2016-09-30 375.01 1,199.99 233.09
2016-06-30 539.18 1,001.15 67.62
2016-03-31 711.75 886.28 104.93
2015-12-31 805.73 987.26 274.09
2015-09-30 901.68 828.27 103.07
2015-06-30 934.58 24.17 52.61
2015-03-31 954.07 0.71 81.84
2014-12-31 906.88 5.09 94.70
2014-09-30 818.56 95.35 189.76
2014-06-30 813.14 94.96 180.69
2014-03-31 812.43 53.38 156.99
2013-12-31 808.70 3.80 161.45
2013-09-30 836.72 47.72 17.23
2013-06-30 918.88 86.49 83.04
  • CarrefourSA Carrefour Sabanci Ticaret Merkezi has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if CarrefourSA Carrefour Sabanci Ticaret Merkezi's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making CarrefourSA Carrefour Sabanci Ticaret Merkezi has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making CarrefourSA Carrefour Sabanci Ticaret Merkezi has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -32.4% per year.
X
Financial health checks
We assess CarrefourSA Carrefour Sabanci Ticaret Merkezi'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. CarrefourSA Carrefour Sabanci Ticaret Merkezi has a total score of 3/6, 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.

CRFSA Dividends

 What is CarrefourSA Carrefour Sabanci Ticaret Merkezi'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
0%
Current annual income from CarrefourSA Carrefour Sabanci Ticaret Merkezi dividends.
If you bought TRY2,000 of CarrefourSA Carrefour Sabanci Ticaret Merkezi shares you are expected to receive TRY0 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?
  • Unable to evaluate CarrefourSA Carrefour Sabanci Ticaret Merkezi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CarrefourSA Carrefour Sabanci Ticaret Merkezi's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
IBSE:CRFSA 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 0 Analyst Estimates (S&P Global) See Below
Asia Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 168 Stocks 1.9%
Turkey Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 6.8%
Turkey Minimum Threshold Dividend Yield 10th Percentile 1.4%
Turkey Bottom 25% Dividend Yield 25th Percentile 2.7%
Turkey Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as CarrefourSA Carrefour Sabanci Ticaret Merkezi has not reported any payouts.
  • Unable to verify if CarrefourSA Carrefour Sabanci Ticaret Merkezi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CarrefourSA Carrefour Sabanci Ticaret Merkezi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CarrefourSA Carrefour Sabanci Ticaret Merkezi has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CarrefourSA Carrefour Sabanci Ticaret Merkezi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 CarrefourSA Carrefour Sabanci Ticaret Merkezi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CarrefourSA Carrefour Sabanci Ticaret Merkezi has a total score of 0/6, see the detailed checks below.


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

CRFSA Management

 What is the CEO of CarrefourSA Carrefour Sabanci Ticaret Merkezi'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
Kutay Kartallioglu
CEO Bio

Mr. Kutay Kartallioglu serves as General Manager and Director at CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. and served as Director of Finance since May 01, 2011. Mr. Kartallioglu served as Chief Financial Officer of CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. He holds a Bachelor’s degree in Business Administration from Bogazici University.

CEO Compensation
  • Insufficient data for Kutay to compare compensation growth.
  • Insufficient data for Kutay to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the CarrefourSA Carrefour Sabanci Ticaret Merkezi management team in years:

1.3
Average Tenure
  • The average tenure for the CarrefourSA Carrefour Sabanci Ticaret Merkezi management team is less than 2 years, this suggests a new team.
Management Team

Kutay Kartallioglu

TITLE
GM & Director

Sevengül Karadag

TITLE
Assistant General Manager of Finance

Sevket Halepli

TITLE
Investment & Construction Executive

Serafettin Karakis

TITLE
Investor Relations Director

Tugçe Karagözlü

TITLE
Chief Legal Advisor

Senol Arpaci

TITLE
Assistant General Manager of Sales
TENURE
6.3 yrs

Burçin Çelik

TITLE
Assistant General Manager of Supply Chain & Marketing
TENURE
0.3 yrs

Bahar Tura

TITLE
Assistant General Manager of Human Resources
TENURE
1.3 yrs

Ali Akan

TITLE
Deputy General Manager of Food Category

Bilal Genç

TITLE
Assistant General Manager of Information Technologies
Board of Directors Tenure

Average tenure and age of the CarrefourSA Carrefour Sabanci Ticaret Merkezi board of directors in years:

6.8
Average Tenure
59
Average Age
  • The tenure for the CarrefourSA Carrefour Sabanci Ticaret Merkezi board of directors is about average.
Board of Directors

Seyfettin Köseoglu

TITLE
Chairman of the Board
AGE
59

Kutay Kartallioglu

TITLE
GM & Director

Pierre-Jean Jerome Sivignon

TITLE
Vice Chairperson
AGE
62
TENURE
6.8 yrs

Mehmet Kahya

TITLE
Independent Director
TENURE
3.7 yrs

Baris Oran

TITLE
Director
AGE
46
TENURE
6.8 yrs

Jerome Marie Bédier

TITLE
Director
AGE
63

Saadet Ruba Ergener

TITLE
Director

Hakan Timur

TITLE
Director

Jacques Ehrmann

TITLE
Director
AGE
59

Burak Orhun

TITLE
Director
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 (TRY) Value (TRY)
X
Management checks
We assess CarrefourSA Carrefour Sabanci Ticaret Merkezi'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. CarrefourSA Carrefour Sabanci Ticaret Merkezi 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.

CRFSA News

Simply Wall St News

CRFSA Company Info

Description

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. engages in the retail business in Turkey. The company’s stores offer fruits and vegetables, meat/deli/fish, milk and breakfast, food and cooking supplies, and drinks; cleaning and personal care products; electronic and white goods, and electrical appliances; house layout and housewares; stationeries; hardware and lighting products; batteries; garden, camping, and barbecue products; toys and entertainment products; auto and travel products; and spore products, such as exercise equipment, bicycle and accessories, sports balls, skateboarding and skating, darts, and pool and water sports products, as well as tennis, table tennis, and squash products. It sells its products through a network of 12,300 stores, as well as online. The company was founded in 1963 and is headquartered in Istanbul, Turkey. CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. is a subsidiary of Haci Ömer Sabanci Holding A.S.

Details
Name: CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S.
CRFSA
Exchange: IBSE
Founded: 1963
TRY4,291,000,000
700,000,000
Website: http://www.carrefoursa.com
Address: CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S.
CarrefourSA Plaza, Block B,
Cevizli Mahallesi,
Istanbul,
34846,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE CRFSA Registered Shares Borsa Istanbul (BIST) TR TRY 07. Aug 2015
Number of employees
Current staff
Staff numbers
0
CarrefourSA Carrefour Sabanci Ticaret Merkezi employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 18:40
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.