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SONAE (SON.LS) Stock Fundamental Analysis

Europe - ELI:SON - PTSON0AM0001 - Common Stock

1.378 EUR
0 (0%)
Last: 10/17/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, SON scores 4 out of 10 in our fundamental rating. SON was compared to 22 industry peers in the Consumer Staples Distribution & Retail industry. While SON is still in line with the averages on profitability rating, there are concerns on its financial health. SON has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SON had positive earnings in the past year.
SON had a positive operating cash flow in the past year.
In the past 5 years SON has always been profitable.
In the past 5 years SON always reported a positive cash flow from operatings.
SON.LS Yearly Net Income VS EBIT VS OCF VS FCFSON.LS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

1.2 Ratios

The Return On Assets of SON (2.15%) is comparable to the rest of the industry.
SON has a Return On Equity (7.75%) which is comparable to the rest of the industry.
SON has a worse Return On Invested Capital (3.48%) than 72.73% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SON is significantly below the industry average of 9.40%.
Industry RankSector Rank
ROA 2.15%
ROE 7.75%
ROIC 3.48%
ROA(3y)3.29%
ROA(5y)2.79%
ROE(3y)10.37%
ROE(5y)9.04%
ROIC(3y)3.62%
ROIC(5y)3.3%
SON.LS Yearly ROA, ROE, ROICSON.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

SON has a Profit Margin of 2.31%. This is in the better half of the industry: SON outperforms 68.18% of its industry peers.
SON's Profit Margin has declined in the last couple of years.
SON has a Operating Margin of 3.46%. This is comparable to the rest of the industry: SON outperforms 59.09% of its industry peers.
In the last couple of years the Operating Margin of SON has remained more or less at the same level.
Looking at the Gross Margin, with a value of 21.73%, SON is in line with its industry, outperforming 45.45% of the companies in the same industry.
SON's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.46%
PM (TTM) 2.31%
GM 21.73%
OM growth 3Y3.18%
OM growth 5Y-1.21%
PM growth 3Y-16.47%
PM growth 5Y-2.78%
GM growth 3Y2.33%
GM growth 5Y-7.9%
SON.LS Yearly Profit, Operating, Gross MarginsSON.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SON is destroying value.
The number of shares outstanding for SON has been increased compared to 1 year ago.
SON has less shares outstanding than it did 5 years ago.
SON has a worse debt/assets ratio than last year.
SON.LS Yearly Shares OutstandingSON.LS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
SON.LS Yearly Total Debt VS Total AssetsSON.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 1.32, we must say that SON is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SON (1.32) is worse than 86.36% of its industry peers.
SON has a debt to FCF ratio of 10.14. This is a negative value and a sign of low solvency as SON would need 10.14 years to pay back of all of its debts.
SON has a Debt to FCF ratio of 10.14. This is comparable to the rest of the industry: SON outperforms 50.00% of its industry peers.
SON has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
SON has a worse Debt to Equity ratio (1.15) than 68.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF 10.14
Altman-Z 1.32
ROIC/WACC0.61
WACC5.68%
SON.LS Yearly LT Debt VS Equity VS FCFSON.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 0.78 indicates that SON may have some problems paying its short term obligations.
SON has a worse Current ratio (0.78) than 68.18% of its industry peers.
SON has a Quick Ratio of 0.78. This is a bad value and indicates that SON is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.36, SON is doing worse than 68.18% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.78
Quick Ratio 0.36
SON.LS Yearly Current Assets VS Current LiabilitesSON.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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4

3. Growth

3.1 Past

The earnings per share for SON have decreased strongly by -34.51% in the last year.
The Earnings Per Share has been growing by 8.16% on average over the past years. This is quite good.
SON shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.74%.
SON shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.11% yearly.
EPS 1Y (TTM)-34.51%
EPS 3Y-2.1%
EPS 5Y8.16%
EPS Q2Q%0%
Revenue 1Y (TTM)23.74%
Revenue growth 3Y12.61%
Revenue growth 5Y9.11%
Sales Q2Q%23.51%

3.2 Future

The Earnings Per Share is expected to grow by 1.85% on average over the next years.
SON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.01% yearly.
EPS Next Y-0.38%
EPS Next 2Y4.41%
EPS Next 3Y7.09%
EPS Next 5Y1.85%
Revenue Next Year13.91%
Revenue Next 2Y9.32%
Revenue Next 3Y8.24%
Revenue Next 5Y6.01%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.
SON.LS Yearly Revenue VS EstimatesSON.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
SON.LS Yearly EPS VS EstimatesSON.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.05 0.1 0.15

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.60, the valuation of SON can be described as very reasonable.
81.82% of the companies in the same industry are more expensive than SON, based on the Price/Earnings ratio.
SON's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.40.
Based on the Price/Forward Earnings ratio of 9.41, the valuation of SON can be described as reasonable.
SON's Price/Forward Earnings ratio is rather cheap when compared to the industry. SON is cheaper than 81.82% of the companies in the same industry.
SON's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.94.
Industry RankSector Rank
PE 10.6
Fwd PE 9.41
SON.LS Price Earnings VS Forward Price EarningsSON.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 Price/Free Cash Flow ratio of SON indicates a rather cheap valuation: SON is cheaper than 81.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.84
EV/EBITDA N/A
SON.LS Per share dataSON.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.3
EPS Next 2Y4.41%
EPS Next 3Y7.09%

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5

5. Dividend

5.1 Amount

SON has a Yearly Dividend Yield of 4.30%, which is a nice return.
Compared to an average industry Dividend Yield of 3.78, SON pays a bit more dividend than its industry peers.
SON's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 4.3%

5.2 History

The dividend of SON decreases each year by -11.66%.
Dividend Growth(5Y)-11.66%
Div Incr Years6
Div Non Decr Years6
SON.LS Yearly Dividends per shareSON.LS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.01 0.02 0.03 0.04 0.05

5.3 Sustainability

SON pays out 66.73% of its income as dividend. This is not a sustainable payout ratio.
DP66.73%
EPS Next 2Y4.41%
EPS Next 3Y7.09%
SON.LS Yearly Income VS Free CF VS DividendSON.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
SON.LS Dividend Payout.SON.LS Dividend Payout, showing the Payout Ratio.SON.LS Dividend Payout.PayoutRetained Earnings

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SONAE

ELI:SON (10/17/2025, 7:00:00 PM)

1.378

0 (0%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)11-12 2025-11-12
Inst Owners10.88%
Inst Owner ChangeN/A
Ins Owners53.06%
Ins Owner ChangeN/A
Market Cap2.76B
Analysts80
Price Target1.52 (10.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.3%
Yearly Dividend0.08
Dividend Growth(5Y)-11.66%
DP66.73%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.57%
EPS NY rev (3m)-23.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)3.25%
Valuation
Industry RankSector Rank
PE 10.6
Fwd PE 9.41
P/S 0.26
P/FCF 6.84
P/OCF 3.22
P/B 0.89
P/tB 3.96
EV/EBITDA N/A
EPS(TTM)0.13
EY9.43%
EPS(NY)0.15
Fwd EY10.63%
FCF(TTM)0.2
FCFY14.63%
OCF(TTM)0.43
OCFY31.01%
SpS5.21
BVpS1.55
TBVpS0.35
PEG (NY)N/A
PEG (5Y)1.3
Profitability
Industry RankSector Rank
ROA 2.15%
ROE 7.75%
ROCE 4.41%
ROIC 3.48%
ROICexc 3.69%
ROICexgc 5.37%
OM 3.46%
PM (TTM) 2.31%
GM 21.73%
FCFM 3.87%
ROA(3y)3.29%
ROA(5y)2.79%
ROE(3y)10.37%
ROE(5y)9.04%
ROIC(3y)3.62%
ROIC(5y)3.3%
ROICexc(3y)4.05%
ROICexc(5y)3.73%
ROICexgc(3y)5.4%
ROICexgc(5y)4.92%
ROCE(3y)4.59%
ROCE(5y)4.18%
ROICexcg growth 3Y7.22%
ROICexcg growth 5Y8.15%
ROICexc growth 3Y2.69%
ROICexc growth 5Y3.91%
OM growth 3Y3.18%
OM growth 5Y-1.21%
PM growth 3Y-16.47%
PM growth 5Y-2.78%
GM growth 3Y2.33%
GM growth 5Y-7.9%
F-Score5
Asset Turnover0.93
Health
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF 10.14
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 4.33%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 167.43%
Current Ratio 0.78
Quick Ratio 0.36
Altman-Z 1.32
F-Score5
WACC5.68%
ROIC/WACC0.61
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)4.28%
Cap/Sales(5y)4.03%
Profit Quality(3y)128.34%
Profit Quality(5y)187.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-34.51%
EPS 3Y-2.1%
EPS 5Y8.16%
EPS Q2Q%0%
EPS Next Y-0.38%
EPS Next 2Y4.41%
EPS Next 3Y7.09%
EPS Next 5Y1.85%
Revenue 1Y (TTM)23.74%
Revenue growth 3Y12.61%
Revenue growth 5Y9.11%
Sales Q2Q%23.51%
Revenue Next Year13.91%
Revenue Next 2Y9.32%
Revenue Next 3Y8.24%
Revenue Next 5Y6.01%
EBIT growth 1Y15.94%
EBIT growth 3Y16.2%
EBIT growth 5Y7.79%
EBIT Next Year131%
EBIT Next 3Y38.24%
EBIT Next 5Y25.57%
FCF growth 1Y37.6%
FCF growth 3Y8.46%
FCF growth 5Y10.74%
OCF growth 1Y34.54%
OCF growth 3Y13.52%
OCF growth 5Y8.41%