Image Source: Unsplash

Credit Agricole S.A. with the ticker CRARF, is a large-cap French regional bank operating in the financial services business sector. This is the fifth of five financial services candidates competing for the forty-third slot in the Viital folio. It is my first report on Credit Agricole SA for my Viital portfolio or any of my previous six portfolios.

Credit Agricole is majority-owned by a group of 39 regional French banks. Credit Agricole houses all of the Credit Agricole Group's interests except for the retail and commercial banking operations of the regional banks.

‘This includes Credit Agricole's corporate and investment banking and insurance operations, its international operations, notably Cariparma in Italy, Credit Lyonais a separately branded French retail bank as well as Credit Agricole's majority interest in separately listed asset manager Amundi.

The company serves retail customers, corporates, banks and financial institutions, government agencies, and local authorities.

Crédit Agricole S.A. was founded in 1894 and is headquartered in Montrouge, France. Crédit Agricole S.A. operates as a subsidiary of SAS Rue La Boétie.

Three key data points gauge any dividend equity or fund such as Credit Agricole SA:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

CRARF Price

Credit Agricole’s price per share was $8.95 as of yesterday's market close.  One year ago its price was $13.65. Thus, CRARF's share price fell $4.70 or about 34.4% in the past year.

If Credit Agricole’s stock trades in the range of $4.00 to $16.00 this next year, its recent $8.95 share price might rise by $0.55 to reach $9.50 by next year. My $0.55 upside estimate is based on the average of one-year price upsides for CRARF shares over hew past ten years.
 

CRARF Dividends

Credit Agricole’s most recently declared an annual dividend of $1.13 was paid June 1st, to shareholders on record as of May 31st.

Since June 23, 2009, Credit Agricole has paid variable annual dividends. The current forward-looking annual dividend of $1.13 equates to an annual yield of 12.63% as of yesterday's $8.95 share price.
 

CRARF Returns

Adding the $1.13 Credit Agricole annual dividend to my estimated one-year price upside estimate of $0.55 shows a $1.68 potential gross gain, per share, to be reduced by any costs to trade CRARF shares.

At yesterday's $8.95 closing price, a little over $1000 would buy 112 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at the sale and might cost us about $0.09 per share.

Subtract that maybe $0.09 brokerage cost from my estimated $1.68 gross gain estimate per share results in a net gain of $1.59 X 112 shares = $178.08, for a 17.8% net gain including a 12.63% forward-looking annual dividend yield.

Over the next year, our $1K investment in CRARF shares should generate $126.30 in cash dividends. Of course, a single share of CRARF stock bought at yesterday's $8.95 price is over 14 times less than the dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is prime time to pick up Credit Agricole SA shares based on their forward-looking dividends for the year 2022. The forecast annual dividend from $1K invested is 14.11 times more than yesterday’s single share price. Consider yourself alerted. It's a sign.

All of the estimates above are speculation based on the past history of Credit Agricole SA. Only time and money invested in this stock will determine its market value.

More By This Author:

Daily Stock Analysis: ING Groep
Daily Stock Analysis: Central Pacific Financial
Daily Stock Analysis: Hercules Capital Inc.