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

AMS:AD • NL0011794037

Current stock price

41.83 EUR
-0.67 (-1.58%)
Last:

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

7

1. AD.AS Profitability Analysis

1.1 Basic Checks

  • AD had positive earnings in the past year.
  • AD had a positive operating cash flow in the past year.
  • 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

  • The Return On Assets of AD (4.61%) is better than 70.37% of its industry peers.
  • The Return On Equity of AD (15.95%) is better than 66.67% of its industry peers.
  • AD has a Return On Invested Capital of 8.31%. This is comparable to the rest of the industry: AD outperforms 55.56% of its industry peers.
  • AD had an Average Return On Invested Capital over the past 3 years of 6.97%. This is below the industry average of 9.87%.
  • The 3 year average ROIC (6.97%) for AD is below the current ROIC(8.31%), indicating increased profibility in the last year.
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

  • AD has a better Profit Margin (2.45%) than 74.07% of its industry peers.
  • In the last couple of years the Profit Margin of AD has grown nicely.
  • AD has a better Operating Margin (3.84%) than 66.67% of its industry peers.
  • AD's Operating Margin has improved in the last couple of years.
  • The Gross Margin of AD (26.54%) is better than 66.67% of its industry peers.
  • AD's Gross Margin has been stable in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. AD.AS Health Analysis

2.1 Basic Checks

  • AD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
  • AD has a better debt/assets ratio than last year.
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 2.89. 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.
  • With a Altman-Z score value of 2.89, AD perfoms like the industry average, outperforming 51.85% of the companies in the same 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.
  • Looking at the Debt to FCF ratio, with a value of 4.16, AD is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • AD has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.13, AD is in line with its industry, outperforming 44.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 4.16
Altman-Z 2.89
ROIC/WACC1.58
WACC5.25%
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

  • A Current Ratio of 0.71 indicates that AD may have some problems paying its short term obligations.
  • AD has a Current ratio of 0.71. This is in the lower half of the industry: AD underperforms 77.78% of its industry peers.
  • AD has a Quick 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.
  • The Quick ratio of AD (0.42) is comparable to the rest of the industry.
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

  • The Earnings Per Share has been growing slightly by 4.71% over the past year.
  • AD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.30% yearly.
  • AD shows a small growth in Revenue. In the last year, the Revenue has grown by 3.35%.
  • The Revenue has been growing slightly by 4.32% on average over the past years.
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.
  • The Revenue is expected to grow by 2.47% on average over the next years.
EPS Next Y6.41%
EPS Next 2Y7.28%
EPS Next 3Y7.26%
EPS Next 5Y6.59%
Revenue Next Year1.29%
Revenue Next 2Y1.91%
Revenue Next 3Y2.27%
Revenue Next 5Y2.47%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • The Price/Earnings ratio is 15.67, which indicates a correct valuation of AD.
  • AD's Price/Earnings ratio is a bit cheaper when compared to the industry. AD is cheaper than 62.96% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.79, AD is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 14.72, which indicates a correct valuation of AD.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AD is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 23.80. AD is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.67
Fwd PE 14.72
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AD indicates a somewhat cheap valuation: AD is cheaper than 66.67% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AD indicates a somewhat cheap valuation: AD is cheaper than 77.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.42
EV/EBITDA 7.02
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 an expensive valuation of the company.
  • AD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.44
PEG (5Y)4.75
EPS Next 2Y7.28%
EPS Next 3Y7.26%

More info and screens

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

6

5. AD.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.98%, AD has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.67, AD pays a bit more dividend than its industry peers.
  • AD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 2.98%

5.2 History

  • On average, the dividend of AD grows each year by 13.11%, which is quite nice.
Dividend Growth(5Y)13.11%
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 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.
  • AD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP47.26%
EPS Next 2Y7.28%
EPS Next 3Y7.26%
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 (3/18/2026, 7:00:00 PM)

41.83

-0.67 (-1.58%)

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 Owners54.78%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap37.28B
Revenue(TTM)92.35B
Net Income(TTM)2.26B
Analysts76.8
Price Target41.28 (-1.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.98%
Yearly Dividend1.19
Dividend Growth(5Y)13.11%
DP47.26%
Div Incr Years3
Div Non Decr Years3
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)5.65%
PT rev (3m)4.39%
EPS NQ rev (1m)1.64%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.07%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)-0.63%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.62%
Revenue NY rev (3m)-0.75%
Valuation
Industry RankSector Rank
PE 15.67
Fwd PE 14.72
P/S 0.4
P/FCF 8.42
P/OCF 5.33
P/B 2.63
P/tB 70.6
EV/EBITDA 7.02
EPS(TTM)2.67
EY6.38%
EPS(NY)2.84
Fwd EY6.79%
FCF(TTM)4.97
FCFY11.87%
OCF(TTM)7.84
OCFY18.75%
SpS103.63
BVpS15.93
TBVpS0.59
PEG (NY)2.44
PEG (5Y)4.75
Graham Number30.93
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 2.89
F-Score7
WACC5.25%
ROIC/WACC1.58
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 Y6.41%
EPS Next 2Y7.28%
EPS Next 3Y7.26%
EPS Next 5Y6.59%
Revenue 1Y (TTM)3.35%
Revenue growth 3Y2.02%
Revenue growth 5Y4.32%
Sales Q2Q%0.92%
Revenue Next Year1.29%
Revenue Next 2Y1.91%
Revenue Next 3Y2.27%
Revenue Next 5Y2.47%
EBIT growth 1Y27.23%
EBIT growth 3Y-2.04%
EBIT growth 5Y10.08%
EBIT Next Year101.44%
EBIT Next 3Y28.51%
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.


What is the profitability of AD stock?

KONINKLIJKE AHOLD DELHAIZE N (AD.AS) has a profitability rating of 7 / 10.


Can you provide the financial health for AD stock?

The financial health rating of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) is 4 / 10.


Can you provide the expected EPS growth for AD stock?

The Earnings per Share (EPS) of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) is expected to grow by 6.41% in the next year.