Carrefour SA (CA) - Net Assets
Based on the latest financial reports, Carrefour SA (CA) has net assets worth €11.81 Billion EUR (≈ $13.81 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€54.43 Billion ≈ $63.63 Billion USD) and total liabilities (€42.62 Billion ≈ $49.82 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CA PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.81 Billion |
| % of Total Assets | 21.7% |
| Annual Growth Rate | 4.03% |
| 5-Year Change | -1.37% |
| 10-Year Change | -2.83% |
| Growth Volatility | 14.75 |
Carrefour SA - Net Assets Trend (1996–2025)
This chart illustrates how Carrefour SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Carrefour SA stock valuation.
Annual Net Assets for Carrefour SA (1996–2025)
The table below shows the annual net assets of Carrefour SA from 1996 to 2025. Also explore Carrefour SA (CA) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €11.67 Billion ≈ $13.64 Billion |
-6.54% |
| 2024-12-31 | €12.48 Billion ≈ $14.60 Billion |
-6.74% |
| 2023-12-31 | €13.39 Billion ≈ $15.65 Billion |
+1.52% |
| 2022-12-31 | €13.19 Billion ≈ $15.42 Billion |
+11.46% |
| 2021-12-31 | €11.83 Billion ≈ $13.83 Billion |
+4.72% |
| 2020-12-31 | €11.30 Billion ≈ $13.21 Billion |
-3.22% |
| 2019-12-31 | €11.67 Billion ≈ $13.65 Billion |
+3.43% |
| 2018-12-31 | €11.29 Billion ≈ $13.19 Billion |
-7.17% |
| 2017-12-31 | €12.16 Billion ≈ $14.21 Billion |
+1.25% |
| 2016-12-31 | €12.01 Billion ≈ $14.04 Billion |
+12.52% |
| 2015-12-31 | €10.67 Billion ≈ $12.48 Billion |
+4.34% |
| 2014-12-31 | €10.23 Billion ≈ $11.96 Billion |
+17.85% |
| 2013-12-31 | €8.68 Billion ≈ $10.15 Billion |
+3.80% |
| 2012-12-31 | €8.36 Billion ≈ $9.77 Billion |
+9.62% |
| 2011-12-31 | €7.63 Billion ≈ $8.92 Billion |
-27.80% |
| 2010-12-31 | €10.56 Billion ≈ $12.35 Billion |
-4.97% |
| 2009-12-31 | €11.12 Billion ≈ $12.99 Billion |
+1.49% |
| 2008-12-31 | €10.95 Billion ≈ $12.80 Billion |
-6.95% |
| 2007-12-31 | €11.77 Billion ≈ $13.76 Billion |
+12.06% |
| 2006-12-31 | €10.50 Billion ≈ $12.28 Billion |
+11.90% |
| 2005-12-31 | €9.39 Billion ≈ $10.97 Billion |
+23.73% |
| 2004-12-31 | €7.59 Billion ≈ $8.87 Billion |
+2.79% |
| 2003-12-31 | €7.38 Billion ≈ $8.63 Billion |
-6.92% |
| 2002-12-31 | €7.93 Billion ≈ $9.27 Billion |
-3.21% |
| 2001-12-31 | €8.19 Billion ≈ $9.58 Billion |
+7.65% |
| 2000-12-31 | €7.61 Billion ≈ $8.90 Billion |
+0.98% |
| 1999-12-31 | €7.54 Billion ≈ $8.81 Billion |
+63.08% |
| 1998-12-31 | €4.62 Billion ≈ $5.40 Billion |
+7.84% |
| 1997-12-31 | €4.28 Billion ≈ $5.01 Billion |
+15.46% |
| 1996-12-31 | €3.71 Billion ≈ $4.34 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Carrefour SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €1.84 Billion | 16.77% |
| Other Comprehensive Income | €-2.78 Billion | -25.33% |
| Other Components | €11.91 Billion | 108.56% |
| Total Equity | €10.98 Billion | 100.00% |
Carrefour SA Competitors by Market Cap
The table below lists competitors of Carrefour SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zebra Technologies Corporation
NASDAQ:ZBRA
|
$11.16 Billion |
|
Rentokil Initial PLC
NYSE:RTO
|
$11.16 Billion |
|
Shenzhen Envicool Technology Co Ltd
SHE:002837
|
$11.16 Billion |
|
Dr. Reddy’s Laboratories Ltd ADR
NYSE:RDY
|
$11.16 Billion |
|
TELECOM ITALIA ADR 1
F:TQIA
|
$11.15 Billion |
|
Knight Transportation Inc
NYSE:KNX
|
$11.15 Billion |
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
Smurfit Kappa Group PLC
F:SK3
|
$11.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carrefour SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,820,000,000 to 10,976,000,000, a change of 156,000,000 (1.4%).
- Net income of 319,000,000 contributed positively to equity growth.
- Dividend payments of 812,000,000 reduced retained earnings.
- Share repurchases of 60,000,000 reduced equity.
- Other comprehensive income decreased equity by 11,905,000,000.
- Other factors increased equity by 12,614,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €319.00 Million | +2.91% |
| Dividends Paid | €812.00 Million | -7.4% |
| Share Repurchases | €60.00 Million | -0.55% |
| Other Comprehensive Income | €-11.90 Billion | -108.46% |
| Other Changes | €12.61 Billion | +114.92% |
| Total Change | €- | 1.44% |
Book Value vs Market Value Analysis
This analysis compares Carrefour SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.31x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | €54.55 | €16.77 | x |
| 1997-12-31 | €14.36 | €16.77 | x |
| 1998-12-31 | €6.92 | €16.77 | x |
| 1999-12-31 | €12.54 | €16.77 | x |
| 2000-12-31 | €10.73 | €16.77 | x |
| 2001-12-31 | €11.16 | €16.77 | x |
| 2002-12-31 | €8.39 | €16.77 | x |
| 2003-12-31 | €7.88 | €16.77 | x |
| 2004-12-31 | €8.87 | €16.77 | x |
| 2005-12-31 | €10.56 | €16.77 | x |
| 2006-12-31 | €13.46 | €16.77 | x |
| 2007-12-31 | €15.23 | €16.77 | x |
| 2008-12-31 | €14.80 | €16.77 | x |
| 2009-12-31 | €15.04 | €16.77 | x |
| 2010-12-31 | €14.12 | €16.77 | x |
| 2011-12-31 | €10.04 | €16.77 | x |
| 2012-12-31 | €10.96 | €16.77 | x |
| 2013-12-31 | €11.40 | €16.77 | x |
| 2014-12-31 | €12.99 | €16.77 | x |
| 2015-12-31 | €13.30 | €16.77 | x |
| 2016-12-31 | €14.09 | €16.77 | x |
| 2017-12-31 | €13.31 | €16.77 | x |
| 2018-12-31 | €11.83 | €16.77 | x |
| 2019-12-31 | €12.55 | €16.77 | x |
| 2020-12-31 | €12.13 | €16.77 | x |
| 2021-12-31 | €12.95 | €16.77 | x |
| 2022-12-31 | €14.93 | €16.77 | x |
| 2023-12-31 | €16.04 | €16.77 | x |
| 2024-12-31 | €16.07 | €16.77 | x |
| 2025-12-31 | €16.07 | €16.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carrefour SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.38%
- • Asset Turnover: 1.52x
- • Equity Multiplier: 5.03x
- Recent ROE (2.91%) is below the historical average (13.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 26.16% | 54890.00% | 0.00x | 5.55x | €339.10 Million |
| 1997 | 17.21% | 2.21% | 1.95x | 4.00x | €239.08 Million |
| 1998 | 19.73% | 2.30% | 1.58x | 5.43x | €311.41 Million |
| 1999 | 12.52% | 2.12% | 1.11x | 5.33x | €159.34 Million |
| 2000 | 15.46% | 1.82% | 1.47x | 5.79x | €415.85 Million |
| 2001 | 17.56% | 2.07% | 1.60x | 5.31x | €619.34 Million |
| 2002 | 24.98% | 2.24% | 1.77x | 6.32x | €923.07 Million |
| 2003 | 30.28% | 2.47% | 1.80x | 6.81x | €1.16 Billion |
| 2004 | 24.40% | 2.08% | 1.86x | 6.30x | €890.59 Million |
| 2005 | 21.43% | 2.12% | 1.61x | 6.26x | €843.70 Million |
| 2006 | 25.63% | 3.12% | 1.64x | 5.01x | €1.48 Billion |
| 2007 | 23.25% | 3.02% | 1.58x | 4.87x | €1.41 Billion |
| 2008 | 15.14% | 1.77% | 1.67x | 5.13x | €522.70 Million |
| 2009 | 4.24% | 0.50% | 1.69x | 5.00x | €-594.50 Million |
| 2010 | 5.93% | 0.62% | 1.71x | 5.60x | €-390.40 Million |
| 2011 | 5.61% | 0.46% | 1.68x | 7.24x | €-290.80 Million |
| 2012 | 16.47% | 1.57% | 1.71x | 6.12x | €484.30 Million |
| 2013 | 12.08% | 1.26% | 1.75x | 5.49x | €164.50 Million |
| 2014 | 13.59% | 1.65% | 1.66x | 4.98x | €329.90 Million |
| 2015 | 10.17% | 1.25% | 1.74x | 4.68x | €16.70 Million |
| 2016 | 7.16% | 0.95% | 1.60x | 4.68x | €-296.60 Million |
| 2017 | -2.53% | -0.32% | 1.67x | 4.75x | €-1.26 Billion |
| 2018 | -2.05% | -0.25% | 1.56x | 5.17x | €-1.10 Billion |
| 2019 | 11.36% | 1.52% | 1.44x | 5.18x | €135.30 Million |
| 2020 | 6.54% | 0.89% | 1.52x | 4.86x | €-338.50 Million |
| 2021 | 10.46% | 1.49% | 1.51x | 4.65x | €46.90 Million |
| 2022 | 12.10% | 1.62% | 1.47x | 5.07x | €233.60 Million |
| 2023 | 14.38% | 1.95% | 1.51x | 4.87x | €505.10 Million |
| 2024 | 6.68% | 0.83% | 1.52x | 5.30x | €-359.00 Million |
| 2025 | 2.91% | 0.38% | 1.52x | 5.03x | €-778.60 Million |
Industry Comparison
This section compares Carrefour SA's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $5,934,000,000
- Average return on equity (ROE) among peers: 3.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carrefour SA (CA) | €11.81 Billion | 26.16% | 3.61x | $11.15 Billion |
| Casino Guichard Perrachon SA (CO) | $7.04 Billion | 7.03% | 2.18x | $84.62 Million |
| Rallye SA (RAL) | $4.83 Billion | 0.08% | 3.76x | $2.33 Million |
About Carrefour SA
Carrefour SA operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; soft discount stores; and e-commerce sites. It is also involved in the provision of financial services; banking and insurance services… Read more