olivLaw · European equity research
Casino, Guichard-Perrachon CO.PA
France · Euronext Paris · ISIN FR001400OKR3 · Vertical: Listed companies from France
Casino, Guichard-Perrachon is a French food retail group listed on Euronext Paris, which reported a chiffre d'affaires HT of 8474 mil EUR in 2024, down from the prior year. The group is undergoing deep restructuring, marked by the loss of control over international subsidiaries and a significant reduction in debt.
At the close of 06 Nov 2026, Casino, Guichard-Perrachon (CO.PA) stock was 0.17 EUR (+0.47% on the day), with market capitalisation 51.8 m EUR, beta 0.40, 52-week range 0.15–0.32 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 45.5
- neutral
- Bollinger (20, 2)
- 0.17 – 0.18
- in the lower half of the band · %B 0.28 · band width 10.1%
- SMA 50 / 200
- 0.18 / 0.20
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −1.6% | −0.2% | −1.4 pp | — |
| 3 months | −17.9% | −5.4% | −12.4 pp | — |
| 6 months | −25.4% | +4.4% | −29.8 pp | — |
| Year to date | −29.8% | +6.5% | −36.3 pp | — |
| 1 year | −44.6% | +10.0% | −54.6 pp | −7.4% |
| 3 years | −99.8% | +48.6% | −148.4 pp | −18.0% |
| 5 years | −100.0% | +41.4% | −141.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2021 | 2022 | ⚠ 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 31.1 bn | 34.0 bn | 9.1 bn | 8.6 bn |
| Revenue YoY | unavailable | +9.5% | — | −5.4% |
| Net income | -534.0 m | -316.0 m | -5.7 bn | -295.0 m |
| Net income YoY | unavailable | unavailable | — | unavailable |
| Diluted EPS | -5.29 | -3.36 | -5,286.74 | -0.89 |
| Diluted EPS YoY | unavailable | unavailable | — | unavailable |
| net % | -1.7% | -0.9% | -62.5% | -3.4% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 763.0 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 1.2 bn EUR
- Total assets
- 8.3 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 0.82x
- ROE
- unavailable
- ROA
- -2.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 31.1 bn | 34.0 bn | 9.1 bn | 8.6 bn | esef· 15 Apr 2025verified |
| Cost of revenue | 23.4 bn | 26.1 bn | 6.5 bn | 6.2 bn | esef· 15 Apr 2025verified |
| Gross profit | 7.6 bn ≈ | 7.9 bn ≈ | 2.6 bn ≈ | 2.4 bn ≈ | esef· 15 Apr 2025derived |
| Operating income | 530.0 m | 605.0 m | -1.0 bn | -822.0 m | esef· 15 Apr 2025verified |
| Pre-tax income | -283.0 m | -334.0 m | — | — | esef· 04 Apr 2023verified |
| Income tax | -86.0 m | -9.0 m | 778.0 m | 75.0 m | esef· 15 Apr 2025verified |
| Net income | -534.0 m | -316.0 m | -5.7 bn | -295.0 m | esef· 15 Apr 2025verified |
| Diluted EPS | -5.29 | -3.36 | -5,286.74 | -0.89 | esef· 15 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · EUR
| Line | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 2.3 bn | 2.5 bn | 1.1 bn | 763.0 m | esef· 15 Apr 2025verified |
| Inventories | 3.2 bn | 3.6 bn | 875.0 m | 770.0 m | esef· 15 Apr 2025verified |
| Current assets | 9.5 bn | 8.9 bn | 11.9 bn | 3.0 bn | esef· 15 Apr 2025verified |
| Property, plant & equipment, net | 4.6 bn | 5.3 bn | 1.1 bn | 802.0 m | esef· 15 Apr 2025verified |
| Goodwill | 6.7 bn | 6.9 bn | 2.0 bn | 1.6 bn | esef· 15 Apr 2025verified |
| Intangibles (excl. goodwill) | 2.0 bn | 2.1 bn | 1.1 bn | 1.0 bn | esef· 15 Apr 2025verified |
| Total assets | 30.5 bn | 31.7 bn | 18.3 bn | 8.3 bn | esef· 15 Apr 2025verified |
| Current liabilities | 11.9 bn | 12.6 bn | 18.4 bn | 3.7 bn | esef· 15 Apr 2025verified |
| Equity | 5.6 bn | 5.7 bn | -1.8 bn | 1.2 bn | esef· 15 Apr 2025verified |
| Shares outstanding at year end | 100.9 m | 94.0 m | 1.1 m | 301.0 m | esef· 15 Apr 2025derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 18.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 51.8 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
19% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -3.4% | 31 (vs peers) | 33% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -34.9% | 0 (on a fixed band) | 44% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.8x | 2 (on a fixed band) | 22% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial2/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial31/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CASINO, GUICHARD-PERRACHON (CO.PA). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 8.6 bn EUR in 2024; YoY growth -5.4%; net margin -3.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Revenue CAGR 3Y: -34.9%
- Current ratio: 0.8x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from France · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude | 108.2 bn | 32.8 | 12.9% | 12.2% | −2.0% | +25% / +31% |
| AC.PAAccor | 13.9 bn | 31.1 | 9.6% | 8.0% | +0.6% | +7% / +57% |
| ADP.PAAeroports De Paris | 11.6 bn | 33.9 | 7.8% | 5.6% | +12.1% | −7% / +4% |
| AKE.PAArkema | 7.0 bn | 113.0 | 0.9% | 0.7% | −5.0% | +10% / −38% |
| ALO.PAAlstom | 5.7 bn | 17.9 | 3.1% | 1.7% | +3.7% | −52% / −6% |
| AF.PAAir France - Klm | 4.6 bn | 14.5 | — | 1.0% | +4.8% | +28% / +16% |
| ATE.PAAlten | 3.0 bn | 28.7 | 4.8% | 2.6% | −1.1% | +30% / −30% |
| BB.PASociete Bic | 2.7 bn | 31.0 | 5.0% | 4.1% | −4.8% | +31% / +4% |
| ANTIN.PAAntin Infrastructure Partners | 1.4 bn | 12.6 | 21.9% | 36.6% | −8.1% | −26% / −37% |
| 74SW.PA74software | 799.8 m | 21.0 | 8.9% | 8.5% | +44.8% | −12% / +42% |
| AUB.PAAubay | 629.9 m | 16.8 | 13.6% | 6.3% | +11.3% | −3% / +37% |
| ASY.PAAssystem | 503.5 m | 69.4 | 2.5% | 1.1% | +7.4% | −19% / −19% |
| ATO.PAAtos Se | 472.0 m | — | -23,400.0% | -17.5% | −16.5% | −46% / −94% |
| ARAMI.PAAramis Group | 291.4 m | 14.7 | 10.0% | 0.8% | +6.3% | −34% / −18% |
| ARVEN.PAArverne Group | 246.1 m | — | -14.0% | -115.3% | +27.0% | +20% / −35% |
| BGO.PACompagnie Chargeurs Invest | 184.6 m | — | -8.6% | -5.7% | −2.9% | unavailable / unavailable |
| ATEME.PAAteme | 153.5 m | 161.3 | 2.8% | 1.0% | +2.2% | +94% / +89% |
| ALCIS.PACatering International & Services | 144.6 m | 28.3 | 9.3% | 1.9% | +5.8% | +39% / +106% |
| ALHEX.PAHexaom | 144.0 m | 6.7 | 9.9% | 2.2% | +13.1% | −32% / +7% |
| ALCGM.PACegedim | 142.4 m | — | -2.6% | -1.2% | +10.9% | −27% / −50% |
| ALBON.PACompagnie Lebon | 110.8 m | 16.3 | 4.2% | 8.8% | −17.9% | +5% / +8% |
| ALHYF.PALhyfe | 74.4 m | — | -33.4% | -570.5% | +287.2% | unavailable / unavailable |
| ALFER.PASergeferrari Group | 62.9 m | 11.7 | 5.1% | 1.5% | +7.4% | −31% / −26% |
| ABEO.PAAbeo | 59.3 m | 7.1 | 6.9% | 3.0% | +12.6% | −15% / −55% |
| ABNX.PAAbionyx Pharma | 53.8 m | — | -92.3% | -136.6% | −10.7% | −62% / +19% |
1- and 3-year price returns: for CO.PA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Casino, Guichard-Perrachon is a French food retail group listed on Euronext Paris, which reported a chiffre d'affaires HT of 8474 mil EUR in 2024, down from the prior year. The group is undergoing deep restructuring, marked by the loss of control over international subsidiaries and a significant reduction in debt.
SWOT
Strengths
- The group has a consolidated distribution network in France and a clearly delimited continuing-operations base, which makes performance easier to monitor.
- The capital increase and debt conversion improved the share capital structure and eased pressure on the balance sheet.
- The loss of control over high-risk subsidiaries has simplified the asset portfolio.
Weaknesses
- Operating income from ordinary activities turned negative in 2024, indicating weak operating margins.
- Operating cash flows remained negative, with reliance on external financing.
- General and administrative costs rose relative to revenue, weighing on profitability.
Opportunities
- Reducing debt and the international perimeter could allow resources to focus on the French market.
- Optimising administrative costs could improve operating income from ordinary activities.
- A simpler portfolio could attract investors interested in a successful restructuring.
Threats
- Intense competition in food retail may limit revenue and margin growth.
- Remaining financial debt could become a burden if cash flows do not improve.
- Risks linked to discontinued operations, with a large negative net result, may affect the consolidated outcome.
Risks
- Liquidity and debthigh
Non-current gross financial debt is substantial and operating cash flows are negative; if financing becomes more expensive, pressure on the group could increase.
- Negative operating resulthigh
Operating income from ordinary activities was negative in 2024; if the trend continues, profitability of continuing operations could remain under pressure.
- Losses from discontinued operationsmedium
The result of discontinued operations was strongly negative, affecting the consolidated result and possibly generating further adjustments.
- Shareholder dilutionmedium
The debt conversion and capital increase changed the shareholder structure, which could affect value per share.
- Litigation and provisionsmedium
Other current provisions rose significantly, indicating legal or operational risks that could generate additional expenses.
Investment thesis
What would need to be true (bull case)
- If the restructuring succeeds, the group could benefit from a cleaner balance sheet and a simpler perimeter focused on the French market.
- The capital increase and debt conversion reduced immediate pressure on the financial structure.
- Exiting international subsidiaries with negative results could improve group profitability over the medium term.
What would break the thesis
- Revenue and operating income from ordinary activities are declining, which may point to structural difficulties in the continuing business.
- Financial debt and negative operating cash flows could limit the group's flexibility.
- Losses from discontinued operations and restructuring costs may keep weighing on net income.
What to watch
- Trend in chiffre d'affaires HT of continuing operations2025
- Return of operating income from ordinary activities to positive territory2025
- Reduction of non-current gross financial debtnext 10-K
- Operating cash flows and the group's liquidity2025
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Casino, Guichard-Perrachon is a French société anonyme listed on Euronext Paris, whose group, Groupe Casino, operates in food distribution. The 2024 consolidated accounts show a chiffre d'affaires HT of 8474 mil EUR 1. In 2024 the group lost control of the subsidiaries GPA and Éxito, which changed the structure of its continuing operations 1.
The balance sheet structure changed significantly: share capital rose through the conversion of debts and a capital increase of 1199 mil EUR, and non-current gross financial debt reached 1825 mil EUR 1.
Segments
Continuing operations (food retail in France)
The continuing operations generate the main revenue base, reported at a consolidated chiffre d'affaires HT of 8474 mil EUR in 2024 1. Detailed segment data are presented in note 5 of the annual report.
Market context
The group operates mainly in the French food market, where competition is intense and margins are under pressure. The annual report does not describe market size in detail, so the assessment of competitive position rests on consolidated figures, in which chiffre d'affaires HT fell to 8474 mil EUR 1.
International exposure has been reduced through the loss of control over GPA and Éxito, so the emerging Latin American markets are no longer fully consolidated. Operating cash flows remained negative, indicating reliance on external financing 1.
Trends
- Financial restructuringmixed
The conversion of debts and a capital increase of 1199 mil EUR eased balance sheet pressure, but non-current gross financial debt remains at 1825 mil EUR 1. If debt reduction continues, the financial structure could become more stable.
- Declining sales in continuing operationsheadwind
The chiffre d'affaires HT of continuing operations fell from 8957 mil EUR in 2023 to 8474 mil EUR in 2024 1. If the trend persists, pressure on revenue could weigh on operating results.
- Exit from international operationstailwind
The loss of control over GPA and Éxito removed these subsidiaries from the continuing consolidation perimeter, which could simplify the group's structure going forward 1.
- Higher operating overheadsheadwind
Frais généraux et administratifs rose to 824 mil EUR in 2024 from 748 mil EUR in 2023, compressing operating income from ordinary activities 1.
Competitive position
The group faces direct competition from French supermarket and hypermarket chains. The sources reviewed do not explicitly name competitors, so the competitive position cannot be fully assessed from the annual report alone.
Competitive pressure on margins could be heightened by the decline in chiffre d'affaires HT, which reached 8474 mil EUR in 2024 1. A group with falling revenue has less capacity to negotiate with suppliers.
- Carrefour
French hypermarket and supermarket chain, a direct competitor in French food retail; not named in the supplied sources.
- Auchan
French food retailer with a comparable store network; not named in the supplied sources.
- E.Leclerc
French cooperative retail network competing in food; not named in the supplied sources.
- Lidl
Discount chain present in France, competing on price; not named in the supplied sources.
News & filings
In the press
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- Zinx Casino se alătură programului Joc Responsabil începând cu luna noiembrieAdevărul · 05 Nov 2026 · RO
- Exploring Jili Casino Game Types on GameZone: A Comprehensive GuideSerbian Monitor (RS, EN) · 04 Nov 2026 · EN
- Seven Luck casino introduces 24-hour AI phone service in 4 languagesKorea Times — Business · 04 Nov 2026 · EN
- 💧 Rainbet is the #1 Non-KYC crypto casino & sportsbook with instant withdrawals!…Telegram — Intel Slava Z (pro-RU OSINT EN) · 03 Nov 2026 · EN
- This casino stock has fallen for 17 weeks in a row. Katie Stockton says it could be due for a bounceCNBC — Top News · 03 Nov 2026 · EN
- Bill Ackman warns of 'casino' stock market as speculative trading growsCNBC — Top News · 03 Nov 2026 · EN
- The Creative Work Behind Online Casino Games: Art, Sound and Screen DesignNovinite — Sofia News Agency (BG, EN) · 02 Nov 2026 · EN
- 💧 Rainbet is the #1 Non-KYC crypto casino & sportsbook with instant withdrawals!…Telegram — Intel Slava Z (pro-RU OSINT EN) · 28 Oct 2026 · EN
- [P] Casino live: cum funcționează, ce jocuri există și ce găsești la mesele cu dealer (2026)HotNews.ro · 26 Oct 2026 · RO
- [P] Poker live și Casino Hold’em: cum funcționează, regulile de bază și variantele disponibile (2026)HotNews.ro · 26 Oct 2026 · RO
- Sloturi clasice sau jocuri moderne? Cum îți găsești stilul preferat în casino onlineAntena 3 CNN · 25 Oct 2026 · RO
- De la aparate mecanice la jocuri digitale: cum a evoluat universul casinoAntena 3 CNN · 23 Oct 2026 · RO
- De ce soldul afișat la casino nu reprezintă întotdeauna suma disponibilă pentru retragereSpotMedia.ro · 23 Oct 2026 · RO
- Complexitatea din spatele procesului aparent simplu de creare și distribuire a jocurilor de casinoFinancial Intelligence (RO) · 20 Oct 2026 · RO
- Power harassment and a possible casino weigh on Yokohama mayoral electionThe Japan Times · 16 Oct 2026 · EN
- Live casino sau cazino virtual: asemănări, deosebiri și recomandăriAntena 3 CNN · 16 Oct 2026 · RO
- Live casino și atmosfera meselor reale: ce aduce în plus experiența cu dealerAntena 3 CNN · 13 Oct 2026 · RO
Annual reports (ESEF)
- Annual report 202415 Apr 2025
- Annual report 202204 Apr 2023
Sources
- [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / Casino, Guichard-Perrachon · 31 Dec 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.