KONINKLIJKE AHOLD DELHAIZE N (AD.AS) Stock Fundamental Analysis
AMS:AD - Euronext Amsterdam - NL0011794037 - Common Stock - Currency: EUR
Taking everything into account, AD scores 4 out of 10 in our fundamental rating. AD was compared to 23 industry peers in the Consumer Staples Distribution & Retail industry. While AD is still in line with the averages on profitability rating, there are concerns on its financial health. AD has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AD had positive earnings in the past year.
In the past year AD had a positive cash flow from operations.
AD had positive earnings in each of the past 5 years.
In the past 5 years AD always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.40%, AD is in line with its industry, outperforming 56.52% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.42%, AD is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
AD has a Return On Invested Capital (6.01%) which is in line with its industry peers.
AD had an Average Return On Invested Capital over the past 3 years of 7.16%. This is below the industry average of 9.38%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.4% | ||
| ROE | 11.42% | ||
| ROIC | 6.01% |
ROA(3y)4.19%
ROA(5y)4.18%
ROE(3y)13.55%
ROE(5y)13.65%
ROIC(3y)7.16%
ROIC(5y)7.13%
1.3 Margins
The Profit Margin of AD (1.98%) is better than 65.22% of its industry peers.
AD's Profit Margin has declined in the last couple of years.
AD has a Operating Margin (3.12%) which is comparable to the rest of the industry.
AD's Operating Margin has declined in the last couple of years.
AD has a Gross Margin of 26.64%. This is in the better half of the industry: AD outperforms 69.57% of its industry peers.
In the last couple of years the Gross Margin of AD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.12% | ||
| PM (TTM) | 1.98% | ||
| GM | 26.64% |
OM growth 3Y-10.81%
OM growth 5Y-4.96%
PM growth 3Y-12.74%
PM growth 5Y-5.83%
GM growth 3Y-0.89%
GM growth 5Y-0.46%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AD is still creating some value.
Compared to 1 year ago, AD has less shares outstanding
The number of shares outstanding for AD has been reduced compared to 5 years ago.
Compared to 1 year ago, AD has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.54 indicates that AD is not a great score, but indicates only limited risk for bankruptcy at the moment.
AD has a Altman-Z score of 2.54. This is in the lower half of the industry: AD underperforms 69.57% of its industry peers.
The Debt to FCF ratio of AD is 5.18, which is a neutral value as it means it would take AD, 5.18 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.18, AD is doing good in the industry, outperforming 73.91% of the companies in the same industry.
AD has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.18, AD is doing worse than 65.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.18 | ||
| Altman-Z | 2.54 |
ROIC/WACC1.21
WACC4.97%
2.3 Liquidity
A Current Ratio of 0.84 indicates that AD may have some problems paying its short term obligations.
With a Current ratio value of 0.84, AD is not doing good in the industry: 60.87% of the companies in the same industry are doing better.
A Quick Ratio of 0.56 indicates that AD may have some problems paying its short term obligations.
AD has a Quick ratio of 0.56. This is comparable to the rest of the industry: AD outperforms 52.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
AD shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.38%.
AD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.32% yearly.
Looking at the last year, AD shows a small growth in Revenue. The Revenue has grown by 2.42% in the last year.
The Revenue has been growing slightly by 6.16% on average over the past years.
EPS 1Y (TTM)2.38%
EPS 3Y5.2%
EPS 5Y8.32%
EPS Q2Q%5.08%
Revenue 1Y (TTM)2.42%
Revenue growth 3Y5.73%
Revenue growth 5Y6.16%
Sales Q2Q%7.12%
3.2 Future
The Earnings Per Share is expected to grow by 4.15% on average over the next years.
The Revenue is expected to grow by 1.55% on average over the next years.
EPS Next Y9.73%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
EPS Next 5Y4.15%
Revenue Next Year4.74%
Revenue Next 2Y3.66%
Revenue Next 3Y3.44%
Revenue Next 5Y1.55%
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.
4. Valuation
4.1 Price/Earnings Ratio
AD is valuated correctly with a Price/Earnings ratio of 13.43.
Based on the Price/Earnings ratio, AD is valued a bit cheaper than the industry average as 65.22% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.69. AD is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.41, the valuation of AD can be described as reasonable.
60.87% of the companies in the same industry are more expensive than AD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AD to the average of the S&P500 Index (37.36), we can say AD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.43 | ||
| Fwd PE | 11.41 |
4.2 Price Multiples
AD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AD is cheaper than 69.57% of the companies in the same industry.
AD's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AD is cheaper than 78.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.02 | ||
| EV/EBITDA | 6.57 |
4.3 Compensation for Growth
AD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.38
PEG (5Y)1.61
EPS Next 2Y9.14%
EPS Next 3Y8.88%
5. Dividend
5.1 Amount
AD has a Yearly Dividend Yield of 3.32%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.10, AD has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, AD pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
5.2 History
The dividend of AD is nicely growing with an annual growth rate of 21.56%!
Dividend Growth(5Y)21.56%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
58.75% of the earnings are spent on dividend by AD. This is a bit on the high side, but may be sustainable.
The dividend of AD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP58.75%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
AMS:AD (7/23/2025, 7:00:00 PM)
34.66
+0.11 (+0.32%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners46.66%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap31.47B
Analysts73.85
Price Target37.96 (9.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
Yearly Dividend1.12
Dividend Growth(5Y)21.56%
DP58.75%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.24%
Min EPS beat(2)-2.49%
Max EPS beat(2)2%
EPS beat(4)2
Avg EPS beat(4)0.52%
Min EPS beat(4)-2.49%
Max EPS beat(4)2.98%
EPS beat(8)5
Avg EPS beat(8)1.28%
EPS beat(12)9
Avg EPS beat(12)4.21%
EPS beat(16)12
Avg EPS beat(16)4.9%
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-2.66%
Max Revenue beat(2)2.39%
Revenue beat(4)2
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-2.66%
Max Revenue beat(4)2.39%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)2
Avg Revenue beat(12)-1.38%
Revenue beat(16)5
Avg Revenue beat(16)-0.86%
PT rev (1m)-0.42%
PT rev (3m)2.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.54%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.43 | ||
| Fwd PE | 11.41 | ||
| P/S | 0.35 | ||
| P/FCF | 8.02 | ||
| P/OCF | 5.06 | ||
| P/B | 2.04 | ||
| P/tB | 15.47 | ||
| EV/EBITDA | 6.57 |
EPS(TTM)2.58
EY7.44%
EPS(NY)3.04
Fwd EY8.76%
FCF(TTM)4.32
FCFY12.47%
OCF(TTM)6.86
OCFY19.78%
SpS98.43
BVpS17.02
TBVpS2.24
PEG (NY)1.38
PEG (5Y)1.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.4% | ||
| ROE | 11.42% | ||
| ROCE | 8.08% | ||
| ROIC | 6.01% | ||
| ROICexc | 7.3% | ||
| ROICexgc | 13.13% | ||
| OM | 3.12% | ||
| PM (TTM) | 1.98% | ||
| GM | 26.64% | ||
| FCFM | 4.39% |
ROA(3y)4.19%
ROA(5y)4.18%
ROE(3y)13.55%
ROE(5y)13.65%
ROIC(3y)7.16%
ROIC(5y)7.13%
ROICexc(3y)8.2%
ROICexc(5y)8.1%
ROICexgc(3y)14.53%
ROICexgc(5y)14.46%
ROCE(3y)9.39%
ROCE(5y)9.31%
ROICexcg growth 3Y-6.55%
ROICexcg growth 5Y-2.37%
ROICexc growth 3Y-6.86%
ROICexc growth 5Y-1.86%
OM growth 3Y-10.81%
OM growth 5Y-4.96%
PM growth 3Y-12.74%
PM growth 5Y-5.83%
GM growth 3Y-0.89%
GM growth 5Y-0.46%
F-Score5
Asset Turnover1.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 5.18 | ||
| Debt/EBITDA | 2.81 | ||
| Cap/Depr | 62.03% | ||
| Cap/Sales | 2.57% | ||
| Interest Coverage | 12.1 | ||
| Cash Conversion | 95.9% | ||
| Profit Quality | 222.38% | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 2.54 |
F-Score5
WACC4.97%
ROIC/WACC1.21
Cap/Depr(3y)64.41%
Cap/Depr(5y)72.49%
Cap/Sales(3y)2.73%
Cap/Sales(5y)2.97%
Profit Quality(3y)193.28%
Profit Quality(5y)196.29%
High Growth Momentum
Growth
EPS 1Y (TTM)2.38%
EPS 3Y5.2%
EPS 5Y8.32%
EPS Q2Q%5.08%
EPS Next Y9.73%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
EPS Next 5Y4.15%
Revenue 1Y (TTM)2.42%
Revenue growth 3Y5.73%
Revenue growth 5Y6.16%
Sales Q2Q%7.12%
Revenue Next Year4.74%
Revenue Next 2Y3.66%
Revenue Next 3Y3.44%
Revenue Next 5Y1.55%
EBIT growth 1Y-2.18%
EBIT growth 3Y-5.7%
EBIT growth 5Y0.9%
EBIT Next Year105.3%
EBIT Next 3Y29.65%
EBIT Next 5Y16.35%
FCF growth 1Y-2.65%
FCF growth 3Y8.22%
FCF growth 5Y3.97%
OCF growth 1Y-3.74%
OCF growth 3Y4.41%
OCF growth 5Y2.7%