sommart
A couple of years ago, I wrote about the Crédit Agricole Group, the world’s 10th largest bank by assets. The Group’s most prominent subsidiary is Crédit Agricole S.A. (OTCPK:CRARY) (OTCPK:CRARF), which contains the bank’s
Credit Agricole Du Languedoc's Past Value Creation May Offer Insights Into Its Future Returns
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.
My name is Xinyun Hang, though I go by Charles Hang. I'm a value investor who focuses on companies with high free cash flow yields, especially those that are trading at a low EV/FCF (enterprise value to free cash flow) ratio. I live in St. Louis, Missouri, where I am employed as a data quality engineer and study engineering as a graduate student.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRARY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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