KONINKLIJKE AHOLD DELHAIZE N (AD.AS) Fundamental Analysis & Valuation

AMS:AD • NL0011794037

Current stock price

41.23 EUR
-0.13 (-0.31%)
Last:

This AD.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AD.AS Profitability Analysis

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.
  • AD had a positive operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • AD's Return On Assets of 4.61% is in line compared to the rest of the industry. AD outperforms 54.17% of its industry peers.
  • AD has a Return On Equity (15.95%) which is in line with its industry peers.
  • With a Return On Invested Capital value of 8.31%, AD perfoms like the industry average, outperforming 45.83% of the companies in the same industry.
  • AD had an Average Return On Invested Capital over the past 3 years of 6.97%. This is below the industry average of 10.20%.
  • The last Return On Invested Capital (8.31%) for AD is above the 3 year average (6.97%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.61%
ROE 15.95%
ROIC 8.31%
ROA(3y)3.98%
ROA(5y)4.42%
ROE(3y)13.35%
ROE(5y)14.59%
ROIC(3y)6.97%
ROIC(5y)7.48%
AD.AS Yearly ROA, ROE, ROICAD.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of AD (2.45%) is comparable to the rest of the industry.
  • AD's Profit Margin has improved in the last couple of years.
  • AD has a Operating Margin (3.84%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of AD has grown nicely.
  • AD has a Gross Margin (26.54%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of AD has remained more or less at the same level.
Industry RankSector Rank
OM 3.84%
PM (TTM) 2.45%
GM 26.54%
OM growth 3Y-3.98%
OM growth 5Y5.52%
PM growth 3Y-5.74%
PM growth 5Y5.57%
GM growth 3Y-0.3%
GM growth 5Y-0.73%
AD.AS Yearly Profit, Operating, Gross MarginsAD.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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3

2. AD.AS Health Analysis

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.
  • AD has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for AD has been reduced compared to a year ago.
AD.AS Yearly Shares OutstandingAD.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • AD has an Altman-Z score of 2.87. This is not the best score and indicates that AD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • AD has a Altman-Z score (2.87) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of AD is 4.16, which is a neutral value as it means it would take AD, 4.16 years of fcf income to pay off all of its debts.
  • AD has a better Debt to FCF ratio (4.16) than 75.00% of its industry peers.
  • A Debt/Equity ratio of 1.13 is on the high side and indicates that AD has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.13, AD is doing worse than 70.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 4.16
Altman-Z 2.87
ROIC/WACC1.59
WACC5.22%
AD.AS Yearly LT Debt VS Equity VS FCFAD.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • AD has a Current Ratio of 0.71. 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 worse Current ratio (0.71) than 87.50% of its industry peers.
  • A Quick Ratio of 0.42 indicates that AD may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.42, AD is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.42
AD.AS Yearly Current Assets VS Current LiabilitesAD.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AD.AS Growth Analysis

3.1 Past

  • AD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.71%.
  • Measured over the past 5 years, AD shows a small growth in Earnings Per Share. The EPS has been growing by 3.30% on average per year.
  • The Revenue has been growing slightly by 3.35% in the past year.
  • AD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.32% yearly.
EPS 1Y (TTM)4.71%
EPS 3Y1.41%
EPS 5Y3.3%
EPS Q2Q%5.8%
Revenue 1Y (TTM)3.35%
Revenue growth 3Y2.02%
Revenue growth 5Y4.32%
Sales Q2Q%0.92%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.59% on average over the next years.
  • AD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
EPS Next Y6.6%
EPS Next 2Y7.24%
EPS Next 3Y7.34%
EPS Next 5Y6.59%
Revenue Next Year1.81%
Revenue Next 2Y2.11%
Revenue Next 3Y2.46%
Revenue Next 5Y2.47%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
AD.AS Yearly EPS VS EstimatesAD.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1 2 3

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5

4. AD.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.44, the valuation of AD can be described as correct.
  • 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 (27.42), we can say AD is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 14.49, the valuation of AD can be described as correct.
  • AD's Price/Forward Earnings is on the same level as the industry average.
  • AD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.24.
Industry RankSector Rank
PE 15.44
Fwd PE 14.49
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

  • 70.83% of the companies in the same industry are more expensive than AD, based on the Enterprise Value to EBITDA ratio.
  • 66.67% of the companies in the same industry are more expensive than AD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.24
EV/EBITDA 6.84
AD.AS Per share dataAD.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AD does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of AD may justify a higher PE ratio.
PEG (NY)2.34
PEG (5Y)4.68
EPS Next 2Y7.24%
EPS Next 3Y7.34%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. AD.AS Dividend Analysis

5.1 Amount

  • AD has a Yearly Dividend Yield of 3.00%.
  • Compared to an average industry Dividend Yield of 2.57, AD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, AD pays a better dividend.
Industry RankSector Rank
Dividend Yield 3%

5.2 History

  • The dividend of AD is nicely growing with an annual growth rate of 13.11%!
Dividend Growth(5Y)13.11%
Div Incr Years4
Div Non Decr Years4
AD.AS Yearly Dividends per shareAD.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • AD pays out 47.26% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of AD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP47.26%
EPS Next 2Y7.24%
EPS Next 3Y7.34%
AD.AS Yearly Income VS Free CF VS DividendAD.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
AD.AS Dividend Payout.AD.AS Dividend Payout, showing the Payout Ratio.AD.AS Dividend Payout.PayoutRetained Earnings

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AD.AS Fundamentals: All Metrics, Ratios and Statistics

KONINKLIJKE AHOLD DELHAIZE N

AMS:AD (4/24/2026, 7:00:00 PM)

41.23

-0.13 (-0.31%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)02-11
Earnings (Next)05-06
Inst Owners55.16%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap36.46B
Revenue(TTM)92.35B
Net Income(TTM)2.26B
Analysts74.62
Price Target42.13 (2.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3%
Yearly Dividend1.19
Dividend Growth(5Y)13.11%
DP47.26%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.62%
Min EPS beat(2)7.34%
Max EPS beat(2)7.9%
EPS beat(4)2
Avg EPS beat(4)2.71%
Min EPS beat(4)-2.39%
Max EPS beat(4)7.9%
EPS beat(8)4
Avg EPS beat(8)1.62%
EPS beat(12)7
Avg EPS beat(12)1.76%
EPS beat(16)11
Avg EPS beat(16)3.83%
Revenue beat(2)0
Avg Revenue beat(2)-2.57%
Min Revenue beat(2)-2.85%
Max Revenue beat(2)-2.3%
Revenue beat(4)1
Avg Revenue beat(4)-0.99%
Min Revenue beat(4)-2.85%
Max Revenue beat(4)3.47%
Revenue beat(8)3
Avg Revenue beat(8)-0.54%
Revenue beat(12)3
Avg Revenue beat(12)-1.3%
Revenue beat(16)3
Avg Revenue beat(16)-1.28%
PT rev (1m)2.05%
PT rev (3m)6.42%
EPS NQ rev (1m)-2.04%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.18%
EPS NY rev (3m)-0.32%
Revenue NQ rev (1m)-6.82%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)-0.11%
Valuation
Industry RankSector Rank
PE 15.44
Fwd PE 14.49
P/S 0.39
P/FCF 8.24
P/OCF 5.22
P/B 2.57
P/tB 69.05
EV/EBITDA 6.84
EPS(TTM)2.67
EY6.48%
EPS(NY)2.85
Fwd EY6.9%
FCF(TTM)5
FCFY12.14%
OCF(TTM)7.9
OCFY19.17%
SpS104.44
BVpS16.05
TBVpS0.6
PEG (NY)2.34
PEG (5Y)4.68
Graham Number31.0543 (-24.68%)
Profitability
Industry RankSector Rank
ROA 4.61%
ROE 15.95%
ROCE 10.97%
ROIC 8.31%
ROICexc 9.43%
ROICexgc 17.68%
OM 3.84%
PM (TTM) 2.45%
GM 26.54%
FCFM 4.79%
ROA(3y)3.98%
ROA(5y)4.42%
ROE(3y)13.35%
ROE(5y)14.59%
ROIC(3y)6.97%
ROIC(5y)7.48%
ROICexc(3y)8.04%
ROICexc(5y)8.5%
ROICexgc(3y)14.68%
ROICexgc(5y)15.27%
ROCE(3y)9.3%
ROCE(5y)9.93%
ROICexgc growth 3Y2.27%
ROICexgc growth 5Y7.32%
ROICexc growth 3Y-0.22%
ROICexc growth 5Y6.93%
OM growth 3Y-3.98%
OM growth 5Y5.52%
PM growth 3Y-5.74%
PM growth 5Y5.57%
GM growth 3Y-0.3%
GM growth 5Y-0.73%
F-Score7
Asset Turnover1.88
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 4.16
Debt/EBITDA 2.2
Cap/Depr 68.68%
Cap/Sales 2.78%
Interest Coverage 13.57
Cash Conversion 96.07%
Profit Quality 195.45%
Current Ratio 0.71
Quick Ratio 0.42
Altman-Z 2.87
F-Score7
WACC5.22%
ROIC/WACC1.59
Cap/Depr(3y)64.68%
Cap/Depr(5y)67.84%
Cap/Sales(3y)2.7%
Cap/Sales(5y)2.82%
Profit Quality(3y)211.04%
Profit Quality(5y)182.64%
High Growth Momentum
Growth
EPS 1Y (TTM)4.71%
EPS 3Y1.41%
EPS 5Y3.3%
EPS Q2Q%5.8%
EPS Next Y6.6%
EPS Next 2Y7.24%
EPS Next 3Y7.34%
EPS Next 5Y6.59%
Revenue 1Y (TTM)3.35%
Revenue growth 3Y2.02%
Revenue growth 5Y4.32%
Sales Q2Q%0.92%
Revenue Next Year1.81%
Revenue Next 2Y2.11%
Revenue Next 3Y2.46%
Revenue Next 5Y2.47%
EBIT growth 1Y27.23%
EBIT growth 3Y-2.04%
EBIT growth 5Y10.08%
EBIT Next Year101.65%
EBIT Next 3Y28.68%
EBIT Next 5Y18.03%
FCF growth 1Y12.74%
FCF growth 3Y6.92%
FCF growth 5Y3.73%
OCF growth 1Y12.29%
OCF growth 3Y4.58%
OCF growth 5Y1.96%

KONINKLIJKE AHOLD DELHAIZE N / AD.AS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AD.AS.


What is the valuation status of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

ChartMill assigns a valuation rating of 5 / 10 to KONINKLIJKE AHOLD DELHAIZE N (AD.AS). This can be considered as Fairly Valued.


How profitable is KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

KONINKLIJKE AHOLD DELHAIZE N (AD.AS) has a profitability rating of 6 / 10.


What are the PE and PB ratios of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

The Price/Earnings (PE) ratio for KONINKLIJKE AHOLD DELHAIZE N (AD.AS) is 15.44 and the Price/Book (PB) ratio is 2.57.


How sustainable is the dividend of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

The dividend rating of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) is 6 / 10 and the dividend payout ratio is 47.26%.