JERONIMO MARTINS (JMT.LS) Stock Fundamental Analysis

Europe • Euronext Lisbon • ELI:JMT • PTJMT0AE0001

19.91 EUR
-0.21 (-1.04%)
Last: Jan 30, 2026, 05:36 PM
Fundamental Rating

4

Overall JMT gets a fundamental rating of 4 out of 10. We evaluated JMT against 24 industry peers in the Consumer Staples Distribution & Retail industry. There are concerns on the financial health of JMT while its profitability can be described as average. JMT is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year JMT was profitable.
  • In the past year JMT had a positive cash flow from operations.
  • Each year in the past 5 years JMT has been profitable.
  • Each year in the past 5 years JMT had a positive operating cash flow.
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

  • The Return On Assets of JMT (4.13%) is comparable to the rest of the industry.
  • With an excellent Return On Equity value of 20.66%, JMT belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • JMT has a better Return On Invested Capital (12.68%) than 87.50% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for JMT is above the industry average of 9.20%.
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's Profit Margin of 1.82% is in line compared to the rest of the industry. JMT outperforms 50.00% of its industry peers.
  • JMT's Profit Margin has declined in the last couple of years.
  • JMT has a Operating Margin of 3.61%. This is comparable to the rest of the industry: JMT outperforms 54.17% of its industry peers.
  • JMT's Operating Margin has declined in the last couple of years.
  • JMT's Gross Margin of 20.56% is on the low side compared to the rest of the industry. JMT is outperformed by 66.67% of its industry peers.
  • JMT's Gross Margin has been stable in the last couple of years.
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

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.
  • Compared to 5 years ago, JMT has about the same amount of shares outstanding.
  • JMT has a worse debt/assets ratio than last year.
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

  • An Altman-Z score of 3.12 indicates that JMT is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.12, JMT is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • The Debt to FCF ratio of JMT is 4.26, which is a neutral value as it means it would take JMT, 4.26 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.26, JMT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • JMT has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.28, JMT is not doing good in the industry: 79.17% 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
WACC7.16%
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

  • A Current Ratio of 0.58 indicates that JMT may have some problems paying its short term obligations.
  • JMT has a Current ratio of 0.58. This is amonst the worse of the industry: JMT underperforms 95.83% of its industry peers.
  • A Quick Ratio of 0.33 indicates that JMT may have some problems paying its short term obligations.
  • JMT's Quick ratio of 0.33 is on the low side compared to the rest of the industry. JMT is outperformed by 75.00% 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

5

3. Growth

3.1 Past

  • The earnings per share for JMT have decreased strongly by -15.32% 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.
  • JMT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.33%.
  • Measured over the past years, JMT shows a quite strong growth in Revenue. The Revenue has been growing by 12.42% on average per year.
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

  • JMT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.93% yearly.
  • JMT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.53% yearly.
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

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

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.96, the valuation of JMT can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of JMT is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 28.39, JMT is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 15.37, the valuation of JMT can be described as correct.
  • 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 62.50% of the companies listed in the same industry.
  • JMT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.96
Fwd PE 15.37
JMT.LS Price Earnings VS Forward Price EarningsJMT.LS 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 JMT indicates a somewhat cheap valuation: JMT is cheaper than 66.67% of the companies listed in the same industry.
  • JMT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. JMT is cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.13
EV/EBITDA 6.98
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)2.76
PEG (5Y)2.02
EPS Next 2Y11.08%
EPS Next 3Y12.19%

4

5. Dividend

5.1 Amount

  • JMT has a Yearly Dividend Yield of 2.86%.
  • Compared to an average industry Dividend Yield of 2.82, JMT has a dividend in line with its industry peers.
  • JMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.86%

5.2 History

  • The dividend of JMT is nicely growing with an annual growth rate of 16.00%!
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

  • 60.34% 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.
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

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 4 / 10 to JERONIMO MARTINS (JMT.LS). This can be considered as Fairly Valued.


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 18.96 and the Price/Book (PB) ratio is 4.02.


How financially healthy is JERONIMO MARTINS?

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