CRARF - Credit Agricole Du Languedoc's Past Value Creation May Offer Insights Into Its Future Returns
2024-05-02 21:39:43 ET
Summary
- Crédit Agricole Du Languedoc is one of the regional retail banks that make up the Crédit Agricole Group.
- Between book value per share growth and dividends, the company has grown shareholder value by about 7% per year since 2007.
- The company trades at a price to book ratio of about 0.21, thus priming it for double-digit returns growing forward.
A couple of years ago, I wrote about the Crédit Agricole Group, the world’s 10 th largest bank by assets. The Group’s most prominent subsidiary is Crédit Agricole S.A. ( CRARY ) (CRARF), which contains the bank’s asset management, insurance, and investment banking arms, among other businesses.
However, the Group also contains the largest retail bank in both France and the European Union by number of customers. That business is conducted through 2,395 local banks, which own shares in 39 regional banks. Those regional banks in turn own 59.7% of Crédit Agricole S.A....
Credit Agricole Du Languedoc's Past Value Creation May Offer Insights Into Its Future Returns