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Crédit Agricole S.A (ACA) Fair Value & Analysis

Financial Services · FR · Market cap €54.2B

CA Crédit Agricole S.A ACA · PA
Price€20.20
Fair Value€26.70
Upside+32.2%
Quality58/100
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Healthy Growth
Highly profitable · 26.8% net margin
High debt · generates free cash flow
6.36% dividend yield
Mixed vs. peers (8/15)
Wide moat 65/100
Evidence: High Range €20.03 – €33.37 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from €30.40 to €26.70 (−12.2%) since Jul 17, 2026. Share price +13.7% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€20.20 €6.08 Fair Value €26.70 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €6.08 – €20.20 · fair‑value band €20.03 – €33.37 · the €20.20 price screens below the €26.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Crédit Agricole S.A (ACA) currently trades at €20.20, while our model-based Fair Value estimate is €26.70, implying the stock looks roughly 32.2% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Crédit Agricole S.A generated revenue of €26.5B at a net margin of 26.8%. Revenue declined 1.1% year over year. It earns a return on equity of 9.3%. Net debt stands at €352B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €20.03 (bear case) to €33.37 (bull case); at €20.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at 32%, ACA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income €20.35 €22.66 €35.24 76
Gordon GGM €10.10 €21.00 €33.31 70
P/E Multiple €22.80 €30.40 €37.99 63
All 6 models by family
Dividend Discount
Gordon GGM €10.10 €21.00 €33.31 70
DDM Multi-Stage €10.10 €17.71 €22.04 61
Multiples
P/E Multiple €22.80 €30.40 €37.99 63
P/B Multiple €24.13 €32.17 €40.21 55
Asset-Based
NCAV (Graham) €11.49 €15.39 €22.98 50
Economic Profit
Residual Income €20.35 €22.66 €35.24 76

Widest divergence: Multiples (€30.40) versus Asset-Based (€15.39). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €26.5B
Revenue growth (YoY) -1.1%
Net margin 26.8%
Return on equity 9.3%
Free cash flow €17.9B FY2025
P/E ratio 9.5
More key figures
Operating margin 38.4%
EPS (TTM) €2.13
Dividend yield 6.9%
EPS growth (YoY) -8.4%
Net debt €352B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 55 · Market factors (momentum, volatility) 74

Profitability 21
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Crédit Agricole S.A. provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Full company description

Crédit Agricole S.A. provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan. It operates in five segments: Asset Gathering, Large Customers, Specialized Financial Services, French Retail Banking " LCL, and International Retail Banking. The company offers savings/retirement, death and disability/creditor/group, and property and casualty insurance products; asset management; investment solutions; banking products and services, savings, wealth management, payment, cash flow management, and online banking services; personal finance and mobility; and specialized financial services. It also provides investment banking, structured finance, international trade finance, commercial banking, capital market, and syndication services; leasing, factoring, and energy and territorial financing; and asset servicing solutions for investment products, as well as various asset classes, such as execution, clearing, forex, security lending, custody, depositary banking, fund administration, middle-office outsourcing, fund distribution, and issuer services. In addition, the company offers property services, including transactions, rental, rental management, condominium trustee, and renovation under the Square Habitat brand; property development and management; and low-carbon electricity production. The company serves individuals, SMEs, small businesses, corporates, farmers, financial institutions, local authorities, asset managers, insurance companies, institutional investors, pension and unlisted funds, banks, and brokers. Crédit Agricole S.A. was founded in 1894 and is headquartered in Montrouge, France. Crédit Agricole S.A. operates as a subsidiary of SAS Rue La Boetie.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Crédit Agricole S.A reported revenue of €112B in FY2025 versus €63.2B in FY2021, a compound +15.5%/yr. Reported net income was €7.1B in FY2025, compounding +4.9%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€112B
Latest YoY
+7.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+35.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.0%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Revenue +15.5%/yr
FY21 €63.2B
FY22 €45.6B
FY23 €97.7B
FY24 €105B
FY25 €112B
Net income +4.9%/yr
FY21 €5.8B
FY22 €5.3B
FY23 €6.3B
FY24 €7.1B
FY25 €7.1B
Character of growth · EPS growth decomposed (2014-2025) +7.8 % p.a.
Revenue per share +13.2 pp

of which total revenue +14.5 pp · buybacks/dilution −1.3 pp

EBIT margin −1.5 pp
Tax rate −1.1 pp
Residual (interest, one-offs) −2.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Crédit Agricole S.A Fair Value". https://www.fairvalue-calculator.com/stock/ACA.PA

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Banks - Regional · 1086 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside +33% · Above median
Return on equity (TTM) 9% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 27% · Below median
Operating margin (TTM) 38% · Below median
Revenue growth -1% · Bottom 25%
Dividend yield (TTM) 6.4% · Top 25%
Debt / equity 2.45× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 9.5× · Cheaper than median
P/B 0.90× · Cheaper than median
P/S (TTM) 2.37× · Cheaper than median
P/FCF 3.5× · Cheaper than median
EV/EBITDA 5.6× · Cheaper than 75% of peers
PEG 4.06× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 77 · sector 33
FUTURE 0 · sector 44
PAST 37 · sector 41
HEALTH 0 · sector 85
DIVIDEND 100 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is Crédit Agricole S.A (ACA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €26.70 versus a price of €20.20, about +32% (undervalued).
What is the fair value of ACA?
Our model-based fair value for Crédit Agricole S.A is €26.70 (as of Aug 13, 2026), built from audited fundamentals. The current price is €20.20.
What is the quality score of ACA?
Crédit Agricole S.A has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Crédit Agricole S.A (ACA)?
Crédit Agricole S.A reported trailing-twelve-month revenue of about €26.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ACA?
The net profit margin of Crédit Agricole S.A is about 26.8%, meaning it keeps roughly 26.8% of revenue as net income. Based on the latest reported figures.
Does Crédit Agricole S.A pay a dividend?
Crédit Agricole S.A currently shows a dividend yield of about 6.90% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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