Financials Ahold Delhaize N.V.

Equities

AD

NL0011794037

Food Retail & Distribution

Market Closed - Euronext Amsterdam 11:35:12 2024-06-07 am EDT 5-day change 1st Jan Change
28.08 EUR -0.25% Intraday chart for Ahold Delhaize N.V. -1.61% +7.94%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,256 24,468 30,575 26,232 24,994 26,510 - -
Enterprise Value (EV) 1 35,837 35,902 44,521 40,648 24,994 41,490 41,548 41,512
P/E ratio 14 x 17.8 x 13.9 x 10.6 x 13.4 x 11.3 x 10.4 x 9.66 x
Yield 3.41% 3.89% 3.15% 3.91% 4.23% 4.02% 4.3% 4.58%
Capitalization / Revenue 0.37 x 0.33 x 0.4 x 0.3 x 0.28 x 0.3 x 0.29 x 0.28 x
EV / Revenue 0.54 x 0.48 x 0.59 x 0.47 x 0.28 x 0.46 x 0.45 x 0.44 x
EV / EBITDA 6.5 x 5.58 x 7.03 x 5.68 x 3.54 x 5.86 x 5.66 x 5.49 x
EV / FCF 19.4 x 16.3 x 27.5 x 18.6 x 10.3 x 17.9 x 18.7 x 17.9 x
FCF Yield 5.14% 6.13% 3.63% 5.38% 9.7% 5.58% 5.34% 5.6%
Price to Book 1.72 x 1.98 x 2.26 x 1.73 x 1.67 x 1.71 x 1.59 x 1.48 x
Nbr of stocks (in thousands) 1,087,956 1,058,752 1,014,615 977,353 960,753 944,103 - -
Reference price 2 22.30 23.11 30.14 26.84 26.02 28.08 28.08 28.08
Announcement Date 2/12/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 66,260 74,736 75,601 86,984 88,649 89,849 92,352 94,876
EBITDA 1 5,510 6,435 6,335 7,161 7,066 7,084 7,343 7,556
EBIT 1 2,700 3,594 3,331 3,728 3,604 3,567 3,685 3,846
Operating Margin 4.07% 4.81% 4.41% 4.29% 4.07% 3.97% 3.99% 4.05%
Earnings before Tax (EBT) 1 2,134 1,706 2,803 3,216 2,300 2,844 3,003 3,217
Net income 1 1,766 1,397 2,246 2,546 1,874 2,316 2,433 2,565
Net margin 2.67% 1.87% 2.97% 2.93% 2.11% 2.58% 2.63% 2.7%
EPS 2 1.590 1.300 2.170 2.540 1.940 2.482 2.696 2.908
Free Cash Flow 1 1,843 2,199 1,618 2,188 2,425 2,314 2,218 2,325
FCF margin 2.78% 2.94% 2.14% 2.52% 2.74% 2.58% 2.4% 2.45%
FCF Conversion (EBITDA) 33.45% 34.17% 25.54% 30.55% 34.32% 32.66% 30.2% 30.77%
FCF Conversion (Net income) 104.36% 157.41% 72.04% 85.94% 129.4% 99.9% 91.14% 90.64%
Dividend per Share 2 0.7600 0.9000 0.9500 1.050 1.100 1.128 1.209 1.287
Announcement Date 2/12/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 20,148 19,774 21,445 22,407 23,359 21,624 22,068 21,934 23,023 21,728 22,314 22,210 23,149 - -
EBITDA 1 - 1,635 1,636 1,728 1,886 - 1,736 1,764 1,706 1,861 1,721 1,740 1,723 1,831 - -
EBIT 1 - 838 829 880 993 1,026 864 904 839 996 861 890.1 875.4 944.8 - -
Operating Margin - 4.16% 4.19% 4.1% 4.43% 4.39% 4% 4.1% 3.83% 4.33% 3.96% 3.99% 3.94% 4.08% - -
Earnings before Tax (EBT) 1 - - - - - - - - - 547 659 704 713 804 - -
Net income 1 - 634 546 603 589 809 561 468 394 451 513 584 569.2 652.7 - -
Net margin - 3.15% 2.76% 2.81% 2.63% 3.46% 2.59% 2.12% 1.8% 1.96% 2.36% 2.62% 2.56% 2.82% - -
EPS 2 - 0.6200 0.5400 0.6000 0.5900 0.8200 0.5700 0.4800 0.4100 0.4700 0.5400 0.6167 0.6220 0.7106 - -
Dividend per Share 2 0.4600 0.5200 - 0.4600 - 0.5900 - 0.4900 - 0.6100 - 0.5048 - 0.6284 - 0.5248
Announcement Date 2/12/20 2/16/22 5/11/22 8/10/22 11/9/22 2/15/23 5/10/23 8/9/23 11/8/23 2/14/24 5/8/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,581 11,434 13,946 14,416 - 14,980 15,038 15,001
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.102 x 1.777 x 2.201 x 2.013 x - 2.115 x 2.048 x 1.985 x
Free Cash Flow 1 1,843 2,199 1,618 2,188 2,425 2,314 2,218 2,325
ROE (net income / shareholders' equity) 13.3% 18.3% 17.3% 17.5% - 15.5% 15.4% 15.6%
ROA (Net income/ Total Assets) 4.64% 5.91% 5.24% 5.4% - 4.76% 4.61% 4.68%
Assets 1 38,033 23,652 42,895 47,133 - 48,632 52,765 54,779
Book Value Per Share 2 12.90 11.70 13.30 15.50 15.60 16.40 17.70 19.00
Cash Flow per Share 2 4.900 5.920 5.290 6.100 6.690 4.780 5.980 6.280
Capex 1 2,218 2,659 2,371 2,490 2,434 2,423 2,601 2,743
Capex / Sales 3.35% 3.56% 3.14% 2.86% 2.75% 2.7% 2.82% 2.89%
Announcement Date 2/12/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
28.08 EUR
Average target price
30.15 EUR
Spread / Average Target
+7.37%
Consensus
  1. Stock Market
  2. Equities
  3. AD Stock
  4. Financials Ahold Delhaize N.V.