Caisse Régionale de Crédit Agricole Mutuel Sud Rhône Alpes (CRSU.PA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+768.8%

€1,546.29

vs €177.98 price

Levered DCF

-€298.60

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.07

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	8.02×	6.05×	5.88×	4.21×	6.15×	15.36×	11.09×	8.05×
P/B	0.23×	0.17×	0.17×	0.17×	0.22×	0.28×	0.39×	0.37×
P/S	0.79×	1.44×	1.38×	0.69×	0.97×	1.17×	2.64×	2.17×
EV / EBITDA	114.13×	128.55×	127.79×	96.33×	79.27×	142.49×	0×	75.04×
Gross margin	41.9%	100.7%	100.9%	58.6%	60.7%	54.8%	100.0%	100.0%
Operating margin	10.9%	25.0%	25.5%	19.1%	20.1%	11.6%	31.1%	35.8%
Net margin	9.9%	23.8%	23.5%	16.3%	15.7%	7.6%	23.8%	26.9%
Current ratio	0.03×	0.03×	0.11×	0.03×	0.05×	0.07×	10.97×	3.47×
Debt / equity	3.91×	4.4×	4.76×	5.4×	4.62×	5.24×	4.93×	4.75×
Interest coverage	0.2×	0.15×	0.16×	0.71×	0.76×	0.37×	0.59×	0.79×
Dividend yield	2.3%	3.5%	3.3%	3.1%	2.1%	2.2%	1.6%	1.8%
Payout ratio	18.3%	21.1%	19.6%	13.2%	13.2%	34.0%	17.8%	14.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.9%	2.8%	2.9%	4.0%	3.6%	1.8%	3.5%	4.6%
Return on invested capital	0.4%	1.1%	0.4%	0.6%	0.6%	0.3%	12.3%	37.8%
Return on assets	0.4%	0.3%	0.3%	0.4%	0.4%	0.2%	0.4%	0.6%
Free cash flow yield	27.3%	-0.3%	-120.9%	198.1%	57.9%	-2.0%	45.9%	12.4%
Earnings yield	12.5%	16.5%	17.0%	23.8%	16.3%	6.5%	9.0%	12.4%
Enterprise value	€15.4B	€15B	€15B	€15.2B	€12.4B	€13.2B	€13.3B	€12.5B
Net debt / EBITDA	107.77×	123.66×	123.21×	93.18×	75.05×	134.63×	0×	69.56×
Cash conversion cycle (days)	-109	174	66,884	-2,336	-5,046	244	0	0