Financials Ahold Delhaize N.V.

Equities

AD

NL0011794037

Food Retail & Distribution

Market Closed - Euronext Amsterdam 11:35:20 2023-12-01 am EST Intraday chart for Ahold Delhaize N.V. Pre-market 02:33:38 am
26.49 EUR -0.28% 26.65 +0.63%

Valuation

Fiscal Period : January 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 24 949 24 256 24 468 30 575 26 232 25 446 - -
Enterprise Value (EV) 1 28 054 35 837 35 902 44 521 40 648 40 230 39 977 40 272
P/E ratio 14,5x 14,0x 17,8x 13,9x 10,6x 12,5x 10,2x 9,30x
Yield 3,17% 3,41% 3,89% 3,15% 3,91% 4,08% 4,37% 4,66%
Capitalization / Revenue 0,40x 0,37x 0,33x 0,40x 0,30x 0,29x 0,28x 0,27x
EV / Revenue 0,45x 0,54x 0,48x 0,59x 0,47x 0,45x 0,44x 0,43x
EV / EBITDA 6,52x 6,50x 5,58x 7,03x 5,68x 5,75x 5,55x 5,41x
EV / FCF 12,0x 19,4x 16,3x 27,5x 18,6x 16,5x 19,8x 19,6x
FCF Yield 8,35% 5,14% 6,13% 3,63% 5,38% 6,06% 5,05% 5,09%
Price to Book 1,68x 1,72x 1,98x 2,26x 1,73x 1,66x 1,59x 1,57x
Nbr of stocks (in thousands) 1 130 200 1 087 956 1 058 752 1 014 615 977 353 960 753 - -
Reference price 2 22,1 22,3 23,1 30,1 26,8 26,5 26,5 26,5
Announcement Date 02/27/19 02/12/20 02/17/21 02/16/22 02/15/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : Enero 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 62 791 66 260 74 736 75 601 86 984 88 892 91 075 93 399
EBITDA 1 4 305 5 510 6 435 6 335 7 161 7 000 7 202 7 444
EBIT 1 2 554 2 700 3 594 3 331 3 728 3 570 3 659 3 805
Operating Margin 4,07% 4,07% 4,81% 4,41% 4,29% 4,02% 4,02% 4,07%
Earnings before Tax (EBT) 1 2 149 2 134 1 706 2 803 3 216 2 679 3 056 3 226
Net income 1 1 793 1 766 1 397 2 246 2 546 2 138 2 454 2 613
Net margin 2,86% 2,67% 1,87% 2,97% 2,93% 2,41% 2,69% 2,80%
EPS 2 1,52 1,59 1,30 2,17 2,54 2,12 2,59 2,85
Free Cash Flow 1 2 342 1 843 2 199 1 618 2 188 2 438 2 019 2 051
FCF margin 3,73% 2,78% 2,94% 2,14% 2,52% 2,74% 2,22% 2,20%
FCF Conversion (EBITDA) 54,4% 33,4% 34,2% 25,5% 30,6% 34,8% 28,0% 27,6%
FCF Conversion (Net income) 131% 104% 157% 72,0% 85,9% 114% 82,3% 78,5%
Dividend per Share 2 0,70 0,76 0,90 0,95 1,05 1,08 1,16 1,24
Announcement Date 27/02/19 12/02/20 17/02/21 16/02/22 15/02/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : Enero 2021 Q2 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
Net sales 1 18 645 18 545 20 148 19 774 21 445 22 407 23 359 21 624 22 068 21 934 23 143 21 880 22 614 22 417 23 652
EBITDA 1 1 562 1 568 1 635 1 636 1 728 1 886 - 1 736 1 764 1 706 1 884 1 728 1 848 1 846 1 931
EBIT 1 832 812 838 829 880 993 1 026 864 904 839 964 868 892 872 986
Operating Margin 4,46% 4,38% 4,16% 4,19% 4,10% 4,43% 4,39% 4,00% 4,10% 3,83% 4,17% 3,96% 3,95% 3,89% 4,17%
Earnings before Tax (EBT) 1 - - - - - - - - - - 807 682 704 713 804
Net income 1 540 522 634 546 603 589 809 561 468 394 670 550 574 582 651
Net margin 2,90% 2,81% 3,15% 2,76% 2,81% 2,63% 3,46% 2,59% 2,12% 1,80% 2,90% 2,51% 2,54% 2,60% 2,75%
EPS 2 0,52 0,51 0,62 0,54 0,60 0,59 0,82 0,57 0,48 0,41 0,70 0,58 0,61 0,63 0,71
Dividend per Share 2 0,43 - 0,52 - 0,46 - 0,59 - 0,49 - 0,64 - 0,55 - 0,72
Announcement Date 11/08/21 10/11/21 16/02/22 11/05/22 10/08/22 09/11/22 15/02/23 10/05/23 09/08/23 08/11/23 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period : Enero 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 3 105 11 581 11 434 13 946 14 416 14 785 14 532 14 827
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0,72x 2,10x 1,78x 2,20x 2,01x 2,11x 2,02x 1,99x
Free Cash Flow 1 2 342 1 843 2 199 1 618 2 188 2 438 2 019 2 051
ROE (net income / shareholders' equity) 12,0% 13,3% 18,3% 17,3% 17,5% 15,0% 15,5% 16,4%
Shareholders' equity 1 14 935 13 230 7 631 12 984 14 563 14 275 15 783 15 942
ROA (Net income/ Total Assets) 5,36% 4,64% 5,91% 5,24% 5,40% 4,82% 4,58% 4,66%
Assets 1 33 470 38 033 23 652 42 895 47 133 44 323 53 618 56 123
Book Value Per Share 2 13,1 12,9 11,7 13,3 15,5 16,0 16,7 16,9
Cash Flow per Share 2 3,59 4,90 5,92 5,29 6,10 5,56 5,37 5,65
Capex 1 1 780 2 218 2 659 2 371 2 490 2 452 2 586 2 673
Capex / Sales 2,83% 3,35% 3,56% 3,14% 2,86% 2,76% 2,84% 2,86%
Announcement Date 27/02/19 12/02/20 17/02/21 16/02/22 15/02/23 - - -
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
OUTPERFORM
Number of Analysts
19
Last Close Price
26.49EUR
Average target price
31.59EUR
Spread / Average Target
+19.29%
Consensus
1st Jan change Capi.
-1.32% 27 637 M $
+8.85% 416 B $
-4.77% 36 718 M $
+0.04% 32 081 M $
+3.84% 28 020 M $
-1.28% 27 477 M $
+24.71% 24 906 M $
+9.20% 17 849 M $
-21.98% 13 675 M $
+5.98% 12 658 M $
Other Food Retail & Distribution
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