Financials Ahold Delhaize N.V.

Equities

AD

NL0011794037

Food Retail & Distribution

Market Closed - Euronext Amsterdam 11:39:26 2024-04-26 am EDT 5-day change 1st Jan Change
28 EUR +0.43% Intraday chart for Ahold Delhaize N.V. +2.26% +7.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,256 24,468 30,575 26,232 24,994 26,666 - -
Enterprise Value (EV) 1 35,837 35,902 44,521 40,648 24,994 42,022 41,960 41,851
P/E ratio 14 x 17.8 x 13.9 x 10.6 x 13.4 x 11.2 x 10.2 x 9.43 x
Yield 3.41% 3.89% 3.15% 3.91% 4.23% 4.02% 4.36% 4.65%
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 0.47 x 0.46 x 0.45 x
EV / EBITDA 6.5 x 5.58 x 7.03 x 5.68 x 3.54 x 5.94 x 5.69 x 5.54 x
EV / FCF 19.4 x 16.3 x 27.5 x 18.6 x 10.3 x 18.1 x 17.9 x 17.4 x
FCF Yield 5.14% 6.13% 3.63% 5.38% 9.7% 5.52% 5.59% 5.76%
Price to Book 1.72 x 1.98 x 2.26 x 1.73 x 1.67 x 1.7 x 1.58 x 1.46 x
Nbr of stocks (in thousands) 1,087,956 1,058,752 1,014,615 977,353 960,753 952,365 - -
Reference price 2 22.30 23.11 30.14 26.84 26.02 28.00 28.00 28.00
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 89,446 91,740 93,752
EBITDA 1 5,510 6,435 6,335 7,161 7,066 7,069 7,370 7,557
EBIT 1 2,700 3,594 3,331 3,728 3,604 3,543 3,718 3,861
Operating Margin 4.07% 4.81% 4.41% 4.29% 4.07% 3.96% 4.05% 4.12%
Earnings before Tax (EBT) 1 2,134 1,706 2,803 3,216 2,300 2,918 3,092 3,252
Net income 1 1,766 1,397 2,246 2,546 1,874 2,344 2,494 2,614
Net margin 2.67% 1.87% 2.97% 2.93% 2.11% 2.62% 2.72% 2.79%
EPS 2 1.590 1.300 2.170 2.540 1.940 2.506 2.737 2.969
Free Cash Flow 1 1,843 2,199 1,618 2,188 2,425 2,318 2,346 2,411
FCF margin 2.78% 2.94% 2.14% 2.52% 2.74% 2.59% 2.56% 2.57%
FCF Conversion (EBITDA) 33.45% 34.17% 25.54% 30.55% 34.32% 32.79% 31.83% 31.9%
FCF Conversion (Net income) 104.36% 157.41% 72.04% 85.94% 129.4% 98.88% 94.08% 92.21%
Dividend per Share 2 0.7600 0.9000 0.9500 1.050 1.100 1.126 1.221 1.301
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 Q3 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
Net sales 1 - 18,545 20,148 19,774 21,445 22,407 23,359 21,624 22,068 21,934 23,023 21,472 22,282 22,201 23,212 -
EBITDA 1 - 1,568 1,635 1,636 1,728 1,886 - 1,736 1,764 1,706 1,861 1,669 1,754 1,738 1,870 -
EBIT 1 - 812 838 829 880 993 1,026 864 904 839 996 822.7 873.2 864.6 977.3 -
Operating Margin - 4.38% 4.16% 4.19% 4.1% 4.43% 4.39% 4% 4.1% 3.83% 4.33% 3.83% 3.92% 3.89% 4.21% -
Earnings before Tax (EBT) 1 - - - - - - - - - - 547 682 704 713 804 -
Net income 1 - 522 634 546 603 589 809 561 468 394 451 534 574.9 577.6 661.8 -
Net margin - 2.81% 3.15% 2.76% 2.81% 2.63% 3.46% 2.59% 2.12% 1.8% 1.96% 2.49% 2.58% 2.6% 2.85% -
EPS 2 - 0.5100 0.6200 0.5400 0.6000 0.5900 0.8200 0.5700 0.4800 0.4100 0.4700 0.5620 0.6125 0.6269 0.7157 -
Dividend per Share 2 0.4600 - 0.5200 - 0.4600 - 0.5900 - 0.4900 - 0.6100 - 0.5025 - 0.6255 -
Announcement Date 2/12/20 11/10/21 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 - - - - -
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 - 15,355 15,294 15,185
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.102 x 1.777 x 2.201 x 2.013 x - 2.172 x 2.075 x 2.009 x
Free Cash Flow 1 1,843 2,199 1,618 2,188 2,425 2,318 2,346 2,411
ROE (net income / shareholders' equity) 13.3% 18.3% 17.3% 17.5% - 15.5% 15.8% 15.8%
ROA (Net income/ Total Assets) 4.64% 5.91% 5.24% 5.4% - 4.61% 4.54% 4.59%
Assets 1 38,033 23,652 42,895 47,133 - 50,809 54,986 57,008
Book Value Per Share 2 12.90 11.70 13.30 15.50 15.60 16.50 17.80 19.20
Cash Flow per Share 2 4.900 5.920 5.290 6.100 6.690 5.780 5.960 6.310
Capex 1 2,218 2,659 2,371 2,490 2,434 2,422 2,538 2,609
Capex / Sales 3.35% 3.56% 3.14% 2.86% 2.75% 2.71% 2.77% 2.78%
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 EUR
Average target price
30.07 EUR
Spread / Average Target
+7.40%
Consensus
  1. Stock Market
  2. Equities
  3. AD Stock
  4. Financials Ahold Delhaize N.V.