JERONIMO MARTINS (JMT.LS) Stock Fundamental Analysis

Europe • Euronext Lisbon • ELI:JMT • PTJMT0AE0001

20.4 EUR
+0.1 (+0.49%)
Last: Feb 6, 2026, 05:36 PM
Fundamental Rating

4

We assign a fundamental rating of 4 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.


Dividend Valuation Growth Profitability Health

5

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.
  • JMT had positive earnings in each of the past 5 years.
  • JMT had a positive operating cash flow in each of the past 5 years.
JMT.LS Yearly Net Income VS EBIT VS OCF VS FCFJMT.LS 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 500M 1B 1.5B 2B

1.2 Ratios

  • JMT has a Return On Assets (4.13%) which is in line with its industry peers.
  • With an excellent Return On Equity value of 20.66%, JMT belongs to the best of the industry, outperforming 84.00% of the companies in the same industry.
  • The Return On Invested Capital of JMT (12.68%) is better than 88.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for JMT is above the industry average of 9.11%.
Industry RankSector Rank
ROA 4.13%
ROE 20.66%
ROIC 12.68%
ROA(3y)4.73%
ROA(5y)4.39%
ROE(3y)24.04%
ROE(5y)21.6%
ROIC(3y)13.72%
ROIC(5y)13%
JMT.LS Yearly ROA, ROE, ROICJMT.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • JMT has a Profit Margin (1.82%) which is in line with its industry peers.
  • JMT's Profit Margin has declined in the last couple of years.
  • JMT has a Operating Margin (3.61%) which is comparable to the rest of the industry.
  • JMT's Operating Margin has declined in the last couple of years.
  • The Gross Margin of JMT (20.56%) is worse than 68.00% of its industry peers.
  • In the last couple of years the Gross Margin of JMT has remained more or less at the same level.
Industry RankSector Rank
OM 3.61%
PM (TTM) 1.82%
GM 20.56%
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%
JMT.LS Yearly Profit, Operating, Gross MarginsJMT.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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3

2. Health

2.1 Basic Checks

  • JMT has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • JMT has about the same amout of shares outstanding than it did 1 year ago.
  • JMT has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, JMT has a worse debt to assets ratio.
JMT.LS Yearly Shares OutstandingJMT.LS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
JMT.LS Yearly Total Debt VS Total AssetsJMT.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • JMT has an Altman-Z score of 3.12. This indicates that JMT is financially healthy and has little risk of bankruptcy at the moment.
  • JMT has a Altman-Z score of 3.12. This is comparable to the rest of the industry: JMT outperforms 60.00% of its industry peers.
  • JMT has a debt to FCF ratio of 4.26. This is a neutral value as JMT would need 4.26 years to pay back of all of its debts.
  • JMT has a better Debt to FCF ratio (4.26) than 76.00% of its industry peers.
  • A Debt/Equity ratio of 1.28 is on the high side and indicates that JMT has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.28, JMT is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF 4.26
Altman-Z 3.12
ROIC/WACC1.77
WACC7.17%
JMT.LS Yearly LT Debt VS Equity VS FCFJMT.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • JMT has a Current Ratio of 0.58. This is a bad value and indicates that JMT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • JMT has a Current ratio of 0.58. This is amonst the worse of the industry: JMT underperforms 96.00% of its industry peers.
  • JMT has a Quick Ratio of 0.58. This is a bad value and indicates that JMT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • JMT has a Quick ratio of 0.33. This is in the lower half of the industry: JMT underperforms 76.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.33
JMT.LS Yearly Current Assets VS Current LiabilitesJMT.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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

5

3. Growth

3.1 Past

  • The earnings per share for JMT have decreased strongly by -15.32% in the last year.
  • JMT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.40% yearly.
  • Looking at the last year, JMT shows a quite strong growth in Revenue. The Revenue has grown by 9.33% in the last year.
  • The Revenue has been growing by 12.42% on average over the past years. This is quite good.
EPS 1Y (TTM)-15.32%
EPS 3Y12.88%
EPS 5Y9.4%
EPS Q2Q%N/A
Revenue 1Y (TTM)9.33%
Revenue growth 3Y17.01%
Revenue growth 5Y12.42%
Sales Q2Q%-24.25%

3.2 Future

  • Based on estimates for the next years, JMT will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.93% on average per year.
  • Based on estimates for the next years, JMT will show a small growth in Revenue. The Revenue will grow by 6.53% on average per year.
EPS Next Y6.86%
EPS Next 2Y11.08%
EPS Next 3Y12.19%
EPS Next 5Y9.93%
Revenue Next Year7.49%
Revenue Next 2Y7.07%
Revenue Next 3Y6.95%
Revenue Next 5Y6.53%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
JMT.LS Yearly Revenue VS EstimatesJMT.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B 50B
JMT.LS Yearly EPS VS EstimatesJMT.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.5 1 1.5

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3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.43 indicates a rather expensive valuation of JMT.
  • 60.00% of the companies in the same industry are cheaper than JMT, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.67. JMT is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.74, JMT is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of JMT indicates a slightly more expensive valuation: JMT is more expensive than 64.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. JMT is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.43
Fwd PE 15.74
JMT.LS Price Earnings VS Forward Price EarningsJMT.LS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of JMT indicates a somewhat cheap valuation: JMT is cheaper than 68.00% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of JMT indicates a somewhat cheap valuation: JMT is cheaper than 64.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.38
EV/EBITDA 7.03
JMT.LS Per share dataJMT.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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.
  • A more expensive valuation may be justified as JMT's earnings are expected to grow with 12.19% in the coming years.
PEG (NY)2.83
PEG (5Y)2.07
EPS Next 2Y11.08%
EPS Next 3Y12.19%

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.93%, JMT has a reasonable but not impressive dividend return.
  • JMT's Dividend Yield is comparable with the industry average which is at 2.84.
  • JMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.93%

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
JMT.LS Yearly Dividends per shareJMT.LS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • JMT pays out 60.34% of its income as dividend. This is not a sustainable payout ratio.
  • JMT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP60.34%
EPS Next 2Y11.08%
EPS Next 3Y12.19%
JMT.LS Yearly Income VS Free CF VS DividendJMT.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
JMT.LS Dividend Payout.JMT.LS Dividend Payout, showing the Payout Ratio.JMT.LS Dividend Payout.PayoutRetained Earnings

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JERONIMO MARTINS

ELI:JMT (2/6/2026, 5:36:15 PM)

20.4

+0.1 (+0.49%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)01-13
Earnings (Next)N/A
Inst Owners23.19%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap12.84B
Revenue(TTM)33.46B
Net Income(TTM)643.00M
Analysts80
Price Target25.27 (23.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.93%
Yearly Dividend0.68
Dividend Growth(5Y)16%
DP60.34%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.75%
Min EPS beat(2)7.09%
Max EPS beat(2)26.41%
EPS beat(4)4
Avg EPS beat(4)14.13%
Min EPS beat(4)0.7%
Max EPS beat(4)26.41%
EPS beat(8)6
Avg EPS beat(8)7.76%
EPS beat(12)9
Avg EPS beat(12)7.14%
EPS beat(16)11
Avg EPS beat(16)5.6%
Revenue beat(2)0
Avg Revenue beat(2)-0.51%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)-0.36%
Revenue beat(4)0
Avg Revenue beat(4)-0.77%
Min Revenue beat(4)-1.07%
Max Revenue beat(4)-0.36%
Revenue beat(8)1
Avg Revenue beat(8)-0.8%
Revenue beat(12)4
Avg Revenue beat(12)-0.32%
Revenue beat(16)7
Avg Revenue beat(16)0.1%
PT rev (1m)-0.7%
PT rev (3m)0.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.78%
EPS NY rev (1m)0.72%
EPS NY rev (3m)2.54%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
Industry RankSector Rank
PE 19.43
Fwd PE 15.74
P/S 0.36
P/FCF 10.38
P/OCF 5.7
P/B 4.12
P/tB 5.55
EV/EBITDA 7.03
EPS(TTM)1.05
EY5.15%
EPS(NY)1.3
Fwd EY6.35%
FCF(TTM)1.97
FCFY9.64%
OCF(TTM)3.58
OCFY17.55%
SpS55.99
BVpS4.95
TBVpS3.68
PEG (NY)2.83
PEG (5Y)2.07
Graham Number10.81
Profitability
Industry RankSector Rank
ROA 4.13%
ROE 20.66%
ROCE 16.68%
ROIC 12.68%
ROICexc 15.26%
ROICexgc 17.46%
OM 3.61%
PM (TTM) 1.82%
GM 20.56%
FCFM 3.51%
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%
ROICexgc growth 3Y-6.83%
ROICexgc 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-Score5
Asset Turnover2.26
Health
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF 4.26
Debt/EBITDA 1.67
Cap/Depr 91.37%
Cap/Sales 2.88%
Interest Coverage 3.53
Cash Conversion 94.51%
Profit Quality 192.38%
Current Ratio 0.58
Quick Ratio 0.33
Altman-Z 3.12
F-Score5
WACC7.17%
ROIC/WACC1.77
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)-15.32%
EPS 3Y12.88%
EPS 5Y9.4%
EPS Q2Q%N/A
EPS Next Y6.86%
EPS Next 2Y11.08%
EPS Next 3Y12.19%
EPS Next 5Y9.93%
Revenue 1Y (TTM)9.33%
Revenue growth 3Y17.01%
Revenue growth 5Y12.42%
Sales Q2Q%-24.25%
Revenue Next Year7.49%
Revenue Next 2Y7.07%
Revenue Next 3Y6.95%
Revenue Next 5Y6.53%
EBIT growth 1Y9.94%
EBIT growth 3Y11.3%
EBIT growth 5Y10.06%
EBIT Next Year116.2%
EBIT Next 3Y36.63%
EBIT Next 5Y24.07%
FCF growth 1Y4.56%
FCF growth 3Y-17.88%
FCF growth 5Y-6.67%
OCF growth 1Y0.58%
OCF growth 3Y-1.97%
OCF growth 5Y2.08%

JERONIMO MARTINS / JMT.LS FAQ

What is the fundamental rating for JMT stock?

ChartMill assigns a fundamental rating of 4 / 10 to JMT.LS.


Can you provide the valuation status for JERONIMO MARTINS?

ChartMill assigns a valuation rating of 3 / 10 to JERONIMO MARTINS (JMT.LS). This can be considered as Overvalued.


What is the profitability of JMT stock?

JERONIMO MARTINS (JMT.LS) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for JMT stock?

The Price/Earnings (PE) ratio for JERONIMO MARTINS (JMT.LS) is 19.43 and the Price/Book (PB) ratio is 4.12.


How financially healthy is JERONIMO MARTINS?

The financial health rating of JERONIMO MARTINS (JMT.LS) is 3 / 10.