WinstonWınston
Back

Deep Value: cash covers more than 100% of the stock price

This company holds roughly $12.3B in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Carrefour S.A. logo

Carrefour S.A.

CAR.DE
52
Grocery Stores · Consumer Defensive
Exchange
Frankfurt Stock Exchange
Winston Score
52
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Strong
Stability
Good
Valuation
Exceptional
Dividends
Exceptional

Winston Score History

The full picture

Carrefour is one of the largest supermarket chains in the world. It runs grocery stores, hypermarkets, and convenience shops where everyday shoppers buy food, household goods, and clothing. The company owns the Carrefour brand and also operates stores under local names in several countries.

Carrefour makes money by selling products directly to consumers in its physical stores and through a growing online delivery service. It operates in over 30 countries, with its biggest markets in France, Brazil, Spain, and Argentina, and employs roughly 300,000 people worldwide. The company's scale gives it some negotiating power with suppliers, but grocery retail is a low-margin, highly competitive business. The main risk Carrefour faces is pressure from discounters like Lidl and Aldi, which are steadily taking market share across Europe by offering lower prices with fewer product choices.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
16.2%
Thin — 16.2% gross margin
Profit after running costs
Operating Margin
1.9%
Thin — 1.9% operating margin
Return on the money invested
ROCE
13.8%
Good — 13.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-7.7%
Shrinking sales (-7.7% YoY)
Profit growth
EPS YoY
+115.8%
Earnings growing fast (+115.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
483%
Turns 483% of profit into real cash
Spare cash per sale
FCF Margin
3.0%
Thin free cash flow (3.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.00
Elevated debt (1.00)
Covers its interest
Interest Cover
5.10x
Adequate interest coverage (5.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
14.1x
no trend
Attractive valuation — P/E 14.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+6.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (14.1 → 7.5)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
6.11%
no trend
Healthy income — 6.11% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+78.8%
no trend
Dividend growing fast (78.8% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial