Logo image of AD.AS

KONINKLIJKE AHOLD DELHAIZE N (AD.AS) Stock Fundamental Analysis

AMS:AD - Euronext Amsterdam - NL0011794037 - Common Stock - Currency: EUR

35.76  +0.26 (+0.73%)

Fundamental Rating

4

AD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 24 industry peers in the Consumer Staples Distribution & Retail industry. AD has a medium profitability rating, but doesn't score so well on its financial health evaluation. AD is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year AD was profitable.
In the past year AD had a positive cash flow from operations.
AD had positive earnings in each of the past 5 years.
In the past 5 years AD always reported a positive cash flow from operatings.
AD.AS Yearly Net Income VS EBIT VS OCF VS FCFAD.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

1.2 Ratios

The Return On Assets of AD (3.40%) is comparable to the rest of the industry.
AD has a Return On Equity of 11.42%. This is comparable to the rest of the industry: AD outperforms 58.33% of its industry peers.
AD's Return On Invested Capital of 6.01% is in line compared to the rest of the industry. AD outperforms 54.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AD is below the industry average of 9.60%.
Industry RankSector Rank
ROA 3.4%
ROE 11.42%
ROIC 6.01%
ROA(3y)4.19%
ROA(5y)4.18%
ROE(3y)13.55%
ROE(5y)13.65%
ROIC(3y)7.16%
ROIC(5y)7.13%
AD.AS Yearly ROA, ROE, ROICAD.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

The Profit Margin of AD (1.98%) is better than 62.50% of its industry peers.
In the last couple of years the Profit Margin of AD has declined.
The Operating Margin of AD (3.12%) is comparable to the rest of the industry.
AD's Operating Margin has declined in the last couple of years.
AD's Gross Margin of 26.64% is fine compared to the rest of the industry. AD outperforms 70.83% of its industry peers.
AD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.12%
PM (TTM) 1.98%
GM 26.64%
OM growth 3Y-10.81%
OM growth 5Y-4.96%
PM growth 3Y-12.74%
PM growth 5Y-5.83%
GM growth 3Y-0.89%
GM growth 5Y-0.46%
AD.AS Yearly Profit, Operating, Gross MarginsAD.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

More info and screens

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AD is still creating some value.
AD has less shares outstanding than it did 1 year ago.
The number of shares outstanding for AD has been reduced compared to 5 years ago.
AD has a worse debt/assets ratio than last year.
AD.AS Yearly Shares OutstandingAD.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
AD.AS Yearly Total Debt VS Total AssetsAD.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

An Altman-Z score of 2.56 indicates that AD is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.56, AD is doing worse than 70.83% of the companies in the same industry.
AD has a debt to FCF ratio of 5.18. This is a neutral value as AD would need 5.18 years to pay back of all of its debts.
AD has a better Debt to FCF ratio (5.18) than 70.83% of its industry peers.
AD has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.18, AD is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF 5.18
Altman-Z 2.56
ROIC/WACC1.2
WACC5.03%
AD.AS Yearly LT Debt VS Equity VS FCFAD.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

AD has a Current Ratio of 0.84. This is a bad value and indicates that AD is not financially healthy enough and could expect problems in meeting its short term obligations.
AD has a Current ratio (0.84) which is in line with its industry peers.
AD has a Quick Ratio of 0.84. This is a bad value and indicates that AD is not financially healthy enough and could expect problems in meeting its short term obligations.
AD has a Quick ratio (0.56) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.56
AD.AS Yearly Current Assets VS Current LiabilitesAD.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

More info and screens

3

3. Growth

3.1 Past

AD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.38%.
Measured over the past years, AD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.32% on average per year.
The Revenue has been growing slightly by 2.42% in the past year.
The Revenue has been growing slightly by 6.16% on average over the past years.
EPS 1Y (TTM)2.38%
EPS 3Y5.2%
EPS 5Y8.32%
EPS Q2Q%5.08%
Revenue 1Y (TTM)2.42%
Revenue growth 3Y5.73%
Revenue growth 5Y6.16%
Sales Q2Q%7.12%

3.2 Future

Based on estimates for the next years, AD will show a small growth in Earnings Per Share. The EPS will grow by 4.15% on average per year.
Based on estimates for the next years, AD will show a small growth in Revenue. The Revenue will grow by 1.55% on average per year.
EPS Next Y9.73%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
EPS Next 5Y4.15%
Revenue Next Year4.74%
Revenue Next 2Y3.66%
Revenue Next 3Y3.44%
Revenue Next 5Y1.55%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
AD.AS Yearly Revenue VS EstimatesAD.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
AD.AS Yearly EPS VS EstimatesAD.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1 2 3

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 13.86 indicates a correct valuation of AD.
Based on the Price/Earnings ratio, AD is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of AD to the average of the S&P500 Index (27.21), we can say AD is valued slightly cheaper.
AD is valuated reasonably with a Price/Forward Earnings ratio of 11.77.
62.50% of the companies in the same industry are more expensive than AD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AD to the average of the S&P500 Index (21.70), we can say AD is valued slightly cheaper.
Industry RankSector Rank
PE 13.86
Fwd PE 11.77
AD.AS Price Earnings VS Forward Price EarningsAD.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AD is valued a bit cheaper than 70.83% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AD is valued a bit cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.32
EV/EBITDA 6.73
AD.AS Per share dataAD.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

AD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.42
PEG (5Y)1.67
EPS Next 2Y9.14%
EPS Next 3Y8.88%

More info and screens

4

5. Dividend

5.1 Amount

AD has a Yearly Dividend Yield of 3.33%. Purely for dividend investing, there may be better candidates out there.
AD's Dividend Yield is comparable with the industry average which is at 4.01.
Compared to an average S&P500 Dividend Yield of 2.42, AD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.33%

5.2 History

The dividend of AD is nicely growing with an annual growth rate of 21.56%!
Dividend Growth(5Y)21.56%
Div Incr Years3
Div Non Decr Years3
AD.AS Yearly Dividends per shareAD.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

58.75% of the earnings are spent on dividend by AD. This is a bit on the high side, but may be sustainable.
AD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP58.75%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
AD.AS Yearly Income VS Free CF VS DividendAD.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B
AD.AS Dividend Payout.AD.AS Dividend Payout, showing the Payout Ratio.AD.AS Dividend Payout.PayoutRetained Earnings

More info and screens

KONINKLIJKE AHOLD DELHAIZE N

AMS:AD (7/1/2025, 7:00:00 PM)

35.76

+0.26 (+0.73%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)05-07 2025-05-07/bmo
Earnings (Next)08-06 2025-08-06
Inst Owners46.66%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap32.65B
Analysts73.85
Price Target38.12 (6.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.33%
Yearly Dividend1.12
Dividend Growth(5Y)21.56%
DP58.75%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.24%
Min EPS beat(2)-2.49%
Max EPS beat(2)2%
EPS beat(4)2
Avg EPS beat(4)0.52%
Min EPS beat(4)-2.49%
Max EPS beat(4)2.98%
EPS beat(8)5
Avg EPS beat(8)1.28%
EPS beat(12)9
Avg EPS beat(12)4.21%
EPS beat(16)12
Avg EPS beat(16)4.9%
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)2.39%
Revenue beat(4)2
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)2.39%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)2
Avg Revenue beat(12)-1.38%
Revenue beat(16)5
Avg Revenue beat(16)-0.86%
PT rev (1m)3.9%
PT rev (3m)2.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.65%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.12%
Valuation
Industry RankSector Rank
PE 13.86
Fwd PE 11.77
P/S 0.37
P/FCF 8.32
P/OCF 5.25
P/B 2.11
P/tB 16.05
EV/EBITDA 6.73
EPS(TTM)2.58
EY7.21%
EPS(NY)3.04
Fwd EY8.49%
FCF(TTM)4.3
FCFY12.02%
OCF(TTM)6.82
OCFY19.06%
SpS97.88
BVpS16.93
TBVpS2.23
PEG (NY)1.42
PEG (5Y)1.67
Profitability
Industry RankSector Rank
ROA 3.4%
ROE 11.42%
ROCE 8.08%
ROIC 6.01%
ROICexc 7.3%
ROICexgc 13.13%
OM 3.12%
PM (TTM) 1.98%
GM 26.64%
FCFM 4.39%
ROA(3y)4.19%
ROA(5y)4.18%
ROE(3y)13.55%
ROE(5y)13.65%
ROIC(3y)7.16%
ROIC(5y)7.13%
ROICexc(3y)8.2%
ROICexc(5y)8.1%
ROICexgc(3y)14.53%
ROICexgc(5y)14.46%
ROCE(3y)9.39%
ROCE(5y)9.31%
ROICexcg growth 3Y-6.55%
ROICexcg growth 5Y-2.37%
ROICexc growth 3Y-6.86%
ROICexc growth 5Y-1.86%
OM growth 3Y-10.81%
OM growth 5Y-4.96%
PM growth 3Y-12.74%
PM growth 5Y-5.83%
GM growth 3Y-0.89%
GM growth 5Y-0.46%
F-Score5
Asset Turnover1.72
Health
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF 5.18
Debt/EBITDA 2.81
Cap/Depr 62.03%
Cap/Sales 2.57%
Interest Coverage 12.1
Cash Conversion 95.9%
Profit Quality 222.38%
Current Ratio 0.84
Quick Ratio 0.56
Altman-Z 2.56
F-Score5
WACC5.03%
ROIC/WACC1.2
Cap/Depr(3y)64.41%
Cap/Depr(5y)72.49%
Cap/Sales(3y)2.73%
Cap/Sales(5y)2.97%
Profit Quality(3y)193.28%
Profit Quality(5y)196.29%
High Growth Momentum
Growth
EPS 1Y (TTM)2.38%
EPS 3Y5.2%
EPS 5Y8.32%
EPS Q2Q%5.08%
EPS Next Y9.73%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
EPS Next 5Y4.15%
Revenue 1Y (TTM)2.42%
Revenue growth 3Y5.73%
Revenue growth 5Y6.16%
Sales Q2Q%7.12%
Revenue Next Year4.74%
Revenue Next 2Y3.66%
Revenue Next 3Y3.44%
Revenue Next 5Y1.55%
EBIT growth 1Y-2.18%
EBIT growth 3Y-5.7%
EBIT growth 5Y0.9%
EBIT Next Year105.3%
EBIT Next 3Y29.65%
EBIT Next 5Y16.35%
FCF growth 1Y-2.65%
FCF growth 3Y8.22%
FCF growth 5Y3.97%
OCF growth 1Y-3.74%
OCF growth 3Y4.41%
OCF growth 5Y2.7%