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There (CAR) Fair Value & Analysis

Consumer Defensive · DE · Market cap €11.9B · ISIN FR0000120172

What is There really worth?

T There CAR · HA
Price€16.45
Fair Value€7.68
Upside−53.3%
Quality50/100

A solid business, but trading 114% above our fair value of €7.68.

As of Aug 13, 2026, the fair value of There is €7.68 per share against a price of €16.45, so the fair value sits 53% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +3.1 %/yr)
!Thin margins · 0.0% net margin
!Trails peers (3/11)
!Narrow moat 30/100
!Weak on future: 21 out of 100

For context

·6.47% dividend yield
Evidence: High Range €5.76 – €9.60

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from €10.41 to €7.68 (−26.2%) since Jul 15, 2026.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€9.60). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

€16.69 €10.80 Fair Value €7.68 May 2021 Sep 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 €10.80 – €16.69 · fair‑value band €5.76 – €9.60 · the €16.45 price screens above the €7.68 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

There (CAR) currently trades at €16.45, while our model-based Fair Value estimate is €7.68, implying the stock looks roughly 114.2% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth DCF group reads highest at a median of €38.87 per share, and 15 of the 22 models we run sit above the €16.45 price. Bear case: the Earnings-Based group reads lowest at €4.97, and 7 of the 22 models stay below the price. Evidence for this calculation is high.

Net debt stands at €4.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €5.76 (bear case) to €9.60 (bull case); at €16.45, the current price sits above 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 about 2% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −27% fair-value upside, at −53%, CAR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF €32.46 €44.26 €67.63 80
Growth DCF €33.80 €45.35 €66.32 79
Owner Earnings €14.70 €20.27 €31.30 76
All 22 models by family
DCF Models
FCF DCF €32.46 €44.26 €67.63 80
Owner Earnings €14.70 €20.27 €31.30 76
5Y Revenue Exit €26.80 €38.23 €55.27 73
5Y EBITDA Exit €43.78 €67.06 €98.58 75
5Y P/E Exit €15.20 €18.53 €22.80 72
10Y Revenue Exit €27.98 €38.28 €49.87 68
10Y EBITDA Exit €39.13 €57.31 €78.05 69
10Y P/E Exit €21.58 €25.27 €28.75 65
Earnings-Based
Graham-Dodd €2.99 €4.97 €6.03 67
EPV €20.78 €24.44 €27.65 71
Multiples
P/E Multiple €6.92 €9.23 €11.54 63
P/S Multiple €5.60 €7.47 €9.34 58
P/B Multiple €5.60 €7.47 €9.34 55
EV/EBIT €36.04 €48.46 €60.87 66
EV/EBITDA €58.83 €78.84 €98.85 67
EV/Revenue €25.38 €36.77 €48.16 53
Asset-Based
NCAV (Graham) €7.56 €10.13 €15.12 54
Growth DCF
Growth DCF €33.80 €45.35 €66.32 79
Rev-Margin DCF €26.80 €38.87 €54.38 73
Economic Profit
Residual Income €10.92 €10.56 €8.86 76
ROIC Compounder €21.06 €25.36 €30.22 72
Growth Earnings
Growth-Adj P/E €4.89 €6.98 €9.08 67

Widest divergence: Growth DCF (€38.87) versus Earnings-Based (€4.97). Highest evidence: FCF DCF (80).

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Key figures & financial health

Dividend yield 6.5%
Net margin 0.4% FY2025
Return on assets (EBIT) 4.1% avg 5y
Free cash flow €2.4B FY2025
Net debt €4.2B FY2025 · ≈ 1.7 yrs of FCF

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 78

Profitability 42
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 47
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

There is no Profile data available for CAR.HA.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €84.0B in FY2025 versus €71.8B in FY2021, a compound +4.0%/yr. Reported net income was €319M in FY2025, compounding −26.1%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€84.0B
Latest YoY
+0.7%
Avg. revenue 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.
+0.4%
Avg. revenue 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.
+3.1%
Avg. revenue growth/yr (7Y) 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.
+1.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+8.9% · in EUR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+2.4%
Dividend yield6.5%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3.0% (2020) → 2.5% (2025) · steady
Worst earnings drop81% (2025) · in EUR
Revenue +4.0%/yr
FY21 €71.8B
FY22 €83.1B
FY23 €84.9B
FY24 €83.5B
FY25 €84.0B
Net income −26.1%/yr
FY21 €1.1B
FY22 €1.3B
FY23 €1.7B
FY24 €723M
FY25 €319M

CAR screens 114% overvalued. Compare with Loblaw Companies Limited →

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Cite: Fair Value Calculator (2026). "There Fair Value". https://www.fairvalue-calculator.com/stock/CAR.HA

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE52 · sector 58
FUTURE21 · sector 30
PAST0 · sector 27
HEALTH100 · sector 67
DIVIDEND0 · sector 47

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
Loblaw Companies Limited L C$60.79 C$44.44 −27%
Koninklijke Ahold Delhaize N.V AD €30.57 €53.50 +75%
The Kroger Co KR $57.72 $28.19 −51%
Woolworths Group WOW A$40.32 A$8.33 −79%
George Weston Limited WN C$98.50 C$147.70 +50%
Metro Inc MRU C$88.26 C$94.01 +7%
Carrefour SA CA €15.63 €11.19 −28%
CP ALL Public Company TCPD 1.81 SGD 2.35 SGD +30%
BIM Birlesik Magazalar A.S., BIMAS 418.25 TRY 267.12 TRY −36%
Kesko Oyj KESKOA €21.25 €11.62 −45%

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Frequently asked questions

Is There (CAR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €7.68 versus a price of €16.45, about −53% upside (overvalued).
What is the fair value of CAR?
Our model-based fair value for There is €7.68 (as of Aug 13, 2026), built from audited fundamentals. The current price: €16.45.
What is the quality score of CAR?
There has a Quality Score of 50/100. 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 price target for There (CAR)?
Our model-based price target is the fair value of €7.68 (as of Aug 13, 2026) from 22 valuation models. Cautious scenario €5.76, optimistic scenario €9.60. It is a calculation from audited fundamentals, not an analyst target.
What is the There stock forecast for 2026?
Our models put fair value at €7.68, about −53% upside versus a price of €16.45 (overvalued). Cautious scenario €5.76, optimistic scenario €9.60. The calculation is refreshed regularly with new filings.
What is the net profit margin of CAR?
The net profit margin of There is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does There pay a dividend?
There currently shows a dividend yield of about 6.47% relative to its recent price (as of Aug 13, 2026).
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