JERONIMO MARTINS (JMT.LS) Stock Fundamental Analysis
ELI:JMT - Euronext Lisbon - PTJMT0AE0001 - Common Stock - Currency: EUR
We assign a fundamental rating of 3 out of 10 to JMT. JMT was compared to 25 industry peers in the Consumer Staples Distribution & Retail industry. While JMT is still in line with the averages on profitability rating, there are concerns on its financial health. JMT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
JMT had positive earnings in the past year.
In the past year JMT had a positive cash flow from operations.
Each year in the past 5 years JMT has been profitable.
JMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.07%, JMT is in line with its industry, outperforming 60.00% of the companies in the same industry.
JMT's Return On Equity of 19.91% is fine compared to the rest of the industry. JMT outperforms 80.00% of its industry peers.
The Return On Invested Capital of JMT (11.44%) is better than 76.00% of its industry peers.
JMT had an Average Return On Invested Capital over the past 3 years of 13.72%. This is above the industry average of 9.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.07% | ||
| ROE | 19.91% | ||
| ROIC | 11.44% |
ROA(3y)4.73%
ROA(5y)4.39%
ROE(3y)24.04%
ROE(5y)21.6%
ROIC(3y)13.72%
ROIC(5y)13%
1.3 Margins
JMT has a Profit Margin (1.86%) which is comparable to the rest of the industry.
JMT's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 3.42%, JMT is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of JMT has declined.
Looking at the Gross Margin, with a value of 20.55%, JMT is doing worse than 60.00% of the companies in the same industry.
In the last couple of years the Gross Margin of JMT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.42% | ||
| PM (TTM) | 1.86% | ||
| GM | 20.55% |
OM growth 3Y-4.88%
OM growth 5Y-2.1%
PM growth 3Y-6.88%
PM growth 5Y-3.07%
GM growth 3Y-1.66%
GM growth 5Y-1.31%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), JMT is creating value.
JMT has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, JMT has about the same amount of shares outstanding.
Compared to 1 year ago, JMT has a worse debt to assets ratio.
2.2 Solvency
JMT has an Altman-Z score of 3.11. This indicates that JMT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of JMT (3.11) is comparable to the rest of the industry.
The Debt to FCF ratio of JMT is 11.44, which is on the high side as it means it would take JMT, 11.44 years of fcf income to pay off all of its debts.
JMT's Debt to FCF ratio of 11.44 is on the low side compared to the rest of the industry. JMT is outperformed by 68.00% of its industry peers.
A Debt/Equity ratio of 1.26 is on the high side and indicates that JMT has dependencies on debt financing.
JMT has a worse Debt to Equity ratio (1.26) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 11.44 | ||
| Altman-Z | 3.11 |
ROIC/WACC1.59
WACC7.2%
2.3 Liquidity
JMT has a Current Ratio of 0.60. This is a bad value and indicates that JMT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of JMT (0.60) is worse than 96.00% of its industry peers.
A Quick Ratio of 0.33 indicates that JMT may have some problems paying its short term obligations.
JMT has a worse Quick ratio (0.33) than 76.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The earnings per share for JMT have decreased strongly by -16.94% in the last year.
Measured over the past years, JMT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.40% on average per year.
The Revenue has been growing slightly by 5.98% in the past year.
JMT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.42% yearly.
EPS 1Y (TTM)-16.94%
EPS 3Y12.88%
EPS 5Y9.4%
EPS Q2Q%-8.7%
Revenue 1Y (TTM)5.98%
Revenue growth 3Y17.01%
Revenue growth 5Y12.42%
Sales Q2Q%3.86%
3.2 Future
JMT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.65% yearly.
JMT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.01% yearly.
EPS Next Y5.78%
EPS Next 2Y12.15%
EPS Next 3Y12.49%
EPS Next 5Y10.65%
Revenue Next Year7.64%
Revenue Next 2Y7.16%
Revenue Next 3Y7.09%
Revenue Next 5Y6.01%
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 stable.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.86, the valuation of JMT can be described as rather expensive.
Based on the Price/Earnings ratio, JMT is valued a bit more expensive than the industry average as 64.00% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.19. JMT is around the same levels.
A Price/Forward Earnings ratio of 17.05 indicates a rather expensive valuation of JMT.
Based on the Price/Forward Earnings ratio, JMT is valued a bit more expensive than 72.00% of the companies in the same industry.
JMT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.86 | ||
| Fwd PE | 17.05 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of JMT is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, JMT is valued a bit more expensive than the industry average as 72.00% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.22 | ||
| EV/EBITDA | 7.41 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates JMT does not grow enough to justify the current Price/Earnings ratio.
JMT's earnings are expected to grow with 12.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.79
PEG (5Y)2.33
EPS Next 2Y12.15%
EPS Next 3Y12.49%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.60%, JMT has a reasonable but not impressive dividend return.
JMT's Dividend Yield is comparable with the industry average which is at 3.86.
Compared to an average S&P500 Dividend Yield of 2.35, JMT has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.6% |
5.2 History
On average, the dividend of JMT grows each year by 16.00%, which is quite nice.
Dividend Growth(5Y)16%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
68.20% of the earnings are spent on dividend by JMT. This is not a sustainable payout ratio.
JMT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP68.2%
EPS Next 2Y12.15%
EPS Next 3Y12.49%
ELI:JMT (7/15/2025, 5:35:30 PM)
22.52
+0.14 (+0.63%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners23.93%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap14.17B
Analysts75.56
Price Target24.03 (6.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.6% |
Yearly Dividend0.68
Dividend Growth(5Y)16%
DP68.2%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.5%
Min EPS beat(2)0.7%
Max EPS beat(2)22.31%
EPS beat(4)3
Avg EPS beat(4)8.78%
Min EPS beat(4)-8.63%
Max EPS beat(4)22.31%
EPS beat(8)6
Avg EPS beat(8)6.37%
EPS beat(12)8
Avg EPS beat(12)5.13%
EPS beat(16)11
Avg EPS beat(16)4.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.04%
Min Revenue beat(2)-1.07%
Max Revenue beat(2)-1%
Revenue beat(4)0
Avg Revenue beat(4)-1.4%
Min Revenue beat(4)-2.56%
Max Revenue beat(4)-0.97%
Revenue beat(8)3
Avg Revenue beat(8)-0.41%
Revenue beat(12)6
Avg Revenue beat(12)0.23%
Revenue beat(16)9
Avg Revenue beat(16)0.28%
PT rev (1m)1.28%
PT rev (3m)8.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.86 | ||
| Fwd PE | 17.05 | ||
| P/S | 0.42 | ||
| P/FCF | 31.22 | ||
| P/OCF | 9.48 | ||
| P/B | 4.49 | ||
| P/tB | 6.02 | ||
| EV/EBITDA | 7.41 |
EPS(TTM)1.03
EY4.57%
EPS(NY)1.32
Fwd EY5.86%
FCF(TTM)0.72
FCFY3.2%
OCF(TTM)2.38
OCFY10.55%
SpS53.67
BVpS5.02
TBVpS3.74
PEG (NY)3.79
PEG (5Y)2.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.07% | ||
| ROE | 19.91% | ||
| ROCE | 15.05% | ||
| ROIC | 11.44% | ||
| ROICexc | 14.47% | ||
| ROICexgc | 16.67% | ||
| OM | 3.42% | ||
| PM (TTM) | 1.86% | ||
| GM | 20.55% | ||
| FCFM | 1.34% |
ROA(3y)4.73%
ROA(5y)4.39%
ROE(3y)24.04%
ROE(5y)21.6%
ROIC(3y)13.72%
ROIC(5y)13%
ROICexc(3y)19.89%
ROICexc(5y)18.44%
ROICexgc(3y)24.39%
ROICexgc(5y)22.89%
ROCE(3y)18.05%
ROCE(5y)17.1%
ROICexcg growth 3Y-6.83%
ROICexcg growth 5Y1.01%
ROICexc growth 3Y-4.11%
ROICexc growth 5Y2.52%
OM growth 3Y-4.88%
OM growth 5Y-2.1%
PM growth 3Y-6.88%
PM growth 5Y-3.07%
GM growth 3Y-1.66%
GM growth 5Y-1.31%
F-Score6
Asset Turnover2.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 11.44 | ||
| Debt/EBITDA | 1.79 | ||
| Cap/Depr | 97.2% | ||
| Cap/Sales | 3.08% | ||
| Interest Coverage | 3.42 | ||
| Cash Conversion | 67.16% | ||
| Profit Quality | 72.18% | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 3.11 |
F-Score6
WACC7.2%
ROIC/WACC1.59
Cap/Depr(3y)109.84%
Cap/Depr(5y)95.58%
Cap/Sales(3y)3.34%
Cap/Sales(5y)3.1%
Profit Quality(3y)146.03%
Profit Quality(5y)198.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.94%
EPS 3Y12.88%
EPS 5Y9.4%
EPS Q2Q%-8.7%
EPS Next Y5.78%
EPS Next 2Y12.15%
EPS Next 3Y12.49%
EPS Next 5Y10.65%
Revenue 1Y (TTM)5.98%
Revenue growth 3Y17.01%
Revenue growth 5Y12.42%
Sales Q2Q%3.86%
Revenue Next Year7.64%
Revenue Next 2Y7.16%
Revenue Next 3Y7.09%
Revenue Next 5Y6.01%
EBIT growth 1Y-7.67%
EBIT growth 3Y11.3%
EBIT growth 5Y10.06%
EBIT Next Year113.05%
EBIT Next 3Y37.02%
EBIT Next 5Y22.22%
FCF growth 1Y-61.69%
FCF growth 3Y-17.88%
FCF growth 5Y-6.67%
OCF growth 1Y-30.21%
OCF growth 3Y-1.97%
OCF growth 5Y2.08%