Casino benefits from its high emerging-market and small-store exposures.
We are initiating coverage of French food retailers Carrefour and Casino Guichard-Perrachon, and we establish fair value estimates of EUR 23.50 and EUR 47, respectively, providing upside potential of just 1% and 9%. Though neither stock has good upside potential, we prefer Casino. We assign no-moat and high uncertainty ratings to both companies.Both companies are international, but Casino is more focused than Carrefour because its European presence is limited to France and its international pre...
Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.
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