KONINKLIJKE AHOLD DELHAIZE N (AD.AS) Stock Fundamental Analysis
AMS:AD - Euronext Amsterdam - NL0011794037 - Common Stock - Currency: EUR
Overall AD gets a fundamental rating of 4 out of 10. We evaluated AD against 24 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.
Each year in the past 5 years AD has been profitable.
Each year in the past 5 years AD had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 3.40%, AD perfoms like the industry average, outperforming 54.17% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.42%, AD is in line with its industry, outperforming 58.33% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.01%, AD is in line with its industry, outperforming 54.17% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AD is below the industry average of 9.37%.
| 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
AD has a better Profit Margin (1.98%) than 62.50% of its industry peers.
AD's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 3.12%, AD is in line with its industry, outperforming 45.83% of the companies in the same industry.
AD's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 26.64%, AD is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AD is creating some value.
Compared to 1 year ago, AD has less shares outstanding
Compared to 5 years ago, AD has less shares outstanding
The debt/assets ratio for AD is higher compared to a year ago.
2.2 Solvency
AD has an Altman-Z score of 2.54. This is not the best score and indicates that AD is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.54, AD is doing worse than 66.67% of the companies in the same industry.
AD has a debt to FCF ratio of 5.18. This is a neutral value as AD would need 5.18 years to pay back of all of its debts.
AD has a better Debt to FCF ratio (5.18) than 66.67% of its industry peers.
A Debt/Equity ratio of 1.18 is on the high side and indicates that AD has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.18, AD is doing worse than 70.83% 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
WACC4.96%
2.3 Liquidity
AD has a Current Ratio of 0.84. This is a bad value and indicates that AD is not financially healthy enough and could expect problems in meeting its short term obligations.
AD has a Current ratio of 0.84. This is in the lower half of the industry: AD underperforms 62.50% of its industry peers.
A Quick Ratio of 0.56 indicates that AD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.56, AD is in line with its industry, outperforming 50.00% of the companies in the same industry.
| 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.
Measured over the past years, AD shows a small growth in Revenue. The Revenue has been growing by 6.16% on average per year.
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
AD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.15% yearly.
Based on estimates for the next years, AD will show a small growth in Revenue. The Revenue will grow by 1.55% on average per year.
EPS Next Y9.73%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
EPS Next 5Y4.15%
Revenue Next Year3.66%
Revenue Next 2Y2.76%
Revenue Next 3Y2.86%
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.
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 13.40, the valuation of AD can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of AD indicates a somewhat cheap valuation: AD is cheaper than 62.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.03, AD is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.38, the valuation of AD can be described as very reasonable.
AD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AD is cheaper than 62.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.28. AD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.4 | ||
| Fwd PE | 11.38 |
4.2 Price Multiples
62.50% of the companies in the same industry are more expensive than AD, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AD indicates a somewhat cheap valuation: AD is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8 | ||
| EV/EBITDA | 6.55 |
4.3 Compensation for Growth
The 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 3.38%. 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 2.40, AD pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
5.2 History
On average, the dividend of AD grows each year by 21.56%, which is quite nice.
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.
AD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP58.75%
EPS Next 2Y9.14%
EPS Next 3Y8.88%
AMS:AD (8/6/2025, 5:36:15 PM)
34.57
+0.15 (+0.44%)
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 Cap31.38B
Analysts73.85
Price Target37.96 (9.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
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)3.47%
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)-1.03%
Revenue NY rev (3m)-1.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.4 | ||
| Fwd PE | 11.38 | ||
| P/S | 0.35 | ||
| P/FCF | 8 | ||
| P/OCF | 5.04 | ||
| P/B | 2.03 | ||
| P/tB | 15.43 | ||
| EV/EBITDA | 6.55 |
EPS(TTM)2.58
EY7.46%
EPS(NY)3.04
Fwd EY8.79%
FCF(TTM)4.32
FCFY12.51%
OCF(TTM)6.86
OCFY19.83%
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
WACC4.96%
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 Year3.66%
Revenue Next 2Y2.76%
Revenue Next 3Y2.86%
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%