KONINKLIJKE AHOLD DELHAIZE N (AD.AS) Fundamental Analysis & Valuation

AMS:AD • NL0011794037

Current stock price

41.73 EUR
+0.53 (+1.29%)
Last:

This AD.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AD.AS Profitability Analysis

1.1 Basic Checks

  • In the past year AD was profitable.
  • In the past year AD had a positive cash flow from operations.
  • AD had positive earnings in each of the past 5 years.
  • Each year in the past 5 years AD had a positive operating cash flow.
AD.AS Yearly Net Income VS EBIT VS OCF VS FCFAD.AS 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 2025 2B 4B 6B

1.2 Ratios

  • AD has a Return On Assets (4.61%) which is comparable to the rest of the industry.
  • With a Return On Equity value of 15.95%, AD perfoms like the industry average, outperforming 52.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 8.31%, AD is in line with its industry, outperforming 48.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AD is below the industry average of 9.43%.
  • The 3 year average ROIC (6.97%) for AD is below the current ROIC(8.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.61%
ROE 15.95%
ROIC 8.31%
ROA(3y)3.98%
ROA(5y)4.42%
ROE(3y)13.35%
ROE(5y)14.59%
ROIC(3y)6.97%
ROIC(5y)7.48%
AD.AS Yearly ROA, ROE, ROICAD.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • AD has a Profit Margin (2.45%) which is in line with its industry peers.
  • AD's Profit Margin has improved in the last couple of years.
  • The Operating Margin of AD (3.84%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AD has grown nicely.
  • AD has a Gross Margin of 26.54%. This is comparable to the rest of the industry: AD outperforms 56.00% of its industry peers.
  • AD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.84%
PM (TTM) 2.45%
GM 26.54%
OM growth 3Y-3.98%
OM growth 5Y5.52%
PM growth 3Y-5.74%
PM growth 5Y5.57%
GM growth 3Y-0.3%
GM growth 5Y-0.73%
AD.AS Yearly Profit, Operating, Gross MarginsAD.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. AD.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AD is creating some value.
  • The number of shares outstanding for AD has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AD has less shares outstanding
  • Compared to 1 year ago, AD has an improved debt to assets ratio.
AD.AS Yearly Shares OutstandingAD.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
AD.AS Yearly Total Debt VS Total AssetsAD.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • AD has an Altman-Z score of 2.88. 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.
  • AD's Altman-Z score of 2.88 is in line compared to the rest of the industry. AD outperforms 56.00% of its industry peers.
  • AD has a debt to FCF ratio of 4.16. This is a neutral value as AD would need 4.16 years to pay back of all of its debts.
  • AD's Debt to FCF ratio of 4.16 is fine compared to the rest of the industry. AD outperforms 72.00% of its industry peers.
  • AD has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • AD has a worse Debt to Equity ratio (1.13) than 72.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 4.16
Altman-Z 2.88
ROIC/WACC1.58
WACC5.25%
AD.AS Yearly LT Debt VS Equity VS FCFAD.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.71 indicates that AD may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.71, AD is doing worse than 88.00% of the companies in the same industry.
  • A Quick Ratio of 0.42 indicates that AD may have some problems paying its short term obligations.
  • AD has a worse Quick ratio (0.42) than 64.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.42
AD.AS Yearly Current Assets VS Current LiabilitesAD.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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

4

3. AD.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.71% over the past year.
  • Measured over the past 5 years, AD shows a small growth in Earnings Per Share. The EPS has been growing by 3.30% on average per year.
  • AD shows a small growth in Revenue. In the last year, the Revenue has grown by 3.35%.
  • AD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.32% yearly.
EPS 1Y (TTM)4.71%
EPS 3Y1.41%
EPS 5Y3.3%
EPS Q2Q%5.8%
Revenue 1Y (TTM)3.35%
Revenue growth 3Y2.02%
Revenue growth 5Y4.32%
Sales Q2Q%0.92%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.59% on average over the next years.
  • AD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
EPS Next Y6.41%
EPS Next 2Y7.28%
EPS Next 3Y7.26%
EPS Next 5Y6.59%
Revenue Next Year1.29%
Revenue Next 2Y1.91%
Revenue Next 3Y2.27%
Revenue Next 5Y2.47%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
AD.AS Yearly Revenue VS EstimatesAD.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
AD.AS Yearly EPS VS EstimatesAD.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1 2 3

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Find the best growth stocksShow best growing peers

4

4. AD.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.63, AD is valued correctly.
  • AD's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of AD to the average of the S&P500 Index (25.60), we can say AD is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 14.69 indicates a correct valuation of AD.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AD.
  • When comparing the Price/Forward Earnings ratio of AD to the average of the S&P500 Index (22.84), we can say AD is valued slightly cheaper.
Industry RankSector Rank
PE 15.63
Fwd PE 14.69
AD.AS Price Earnings VS Forward Price EarningsAD.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AD.
  • Based on the Price/Free Cash Flow ratio, AD is valued a bit cheaper than the industry average as 68.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.4
EV/EBITDA 6.92
AD.AS Per share dataAD.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.44
PEG (5Y)4.74
EPS Next 2Y7.28%
EPS Next 3Y7.26%

More info and screens

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

6

5. AD.AS Dividend Analysis

5.1 Amount

  • AD has a Yearly Dividend Yield of 3.09%. Purely for dividend investing, there may be better candidates out there.
  • AD's Dividend Yield is a higher than the industry average which is at 2.72.
  • AD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
Industry RankSector Rank
Dividend Yield 3.09%

5.2 History

  • The dividend of AD is nicely growing with an annual growth rate of 13.11%!
Dividend Growth(5Y)13.11%
Div Incr Years3
Div Non Decr Years3
AD.AS Yearly Dividends per shareAD.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • AD pays out 47.26% of its income as dividend. 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.
DP47.26%
EPS Next 2Y7.28%
EPS Next 3Y7.26%
AD.AS Yearly Income VS Free CF VS DividendAD.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
AD.AS Dividend Payout.AD.AS Dividend Payout, showing the Payout Ratio.AD.AS Dividend Payout.PayoutRetained Earnings

More info and screens

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AD.AS Fundamentals: All Metrics, Ratios and Statistics

KONINKLIJKE AHOLD DELHAIZE N

AMS:AD (4/2/2026, 7:00:00 PM)

41.73

+0.53 (+1.29%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)02-11
Earnings (Next)05-06
Inst Owners54.78%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap37.19B
Revenue(TTM)92.35B
Net Income(TTM)2.26B
Analysts76.8
Price Target41.98 (0.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.09%
Yearly Dividend1.19
Dividend Growth(5Y)13.11%
DP47.26%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.62%
Min EPS beat(2)7.34%
Max EPS beat(2)7.9%
EPS beat(4)2
Avg EPS beat(4)2.71%
Min EPS beat(4)-2.39%
Max EPS beat(4)7.9%
EPS beat(8)4
Avg EPS beat(8)1.62%
EPS beat(12)7
Avg EPS beat(12)1.76%
EPS beat(16)11
Avg EPS beat(16)3.83%
Revenue beat(2)0
Avg Revenue beat(2)-2.57%
Min Revenue beat(2)-2.85%
Max Revenue beat(2)-2.3%
Revenue beat(4)1
Avg Revenue beat(4)-0.99%
Min Revenue beat(4)-2.85%
Max Revenue beat(4)3.47%
Revenue beat(8)3
Avg Revenue beat(8)-0.54%
Revenue beat(12)3
Avg Revenue beat(12)-1.3%
Revenue beat(16)3
Avg Revenue beat(16)-1.28%
PT rev (1m)1.69%
PT rev (3m)6.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.07%
EPS NY rev (3m)-0.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)-0.62%
Valuation
Industry RankSector Rank
PE 15.63
Fwd PE 14.69
P/S 0.4
P/FCF 8.4
P/OCF 5.32
P/B 2.62
P/tB 70.43
EV/EBITDA 6.92
EPS(TTM)2.67
EY6.4%
EPS(NY)2.84
Fwd EY6.81%
FCF(TTM)4.97
FCFY11.9%
OCF(TTM)7.84
OCFY18.79%
SpS103.63
BVpS15.93
TBVpS0.59
PEG (NY)2.44
PEG (5Y)4.74
Graham Number30.93
Profitability
Industry RankSector Rank
ROA 4.61%
ROE 15.95%
ROCE 10.97%
ROIC 8.31%
ROICexc 9.43%
ROICexgc 17.68%
OM 3.84%
PM (TTM) 2.45%
GM 26.54%
FCFM 4.79%
ROA(3y)3.98%
ROA(5y)4.42%
ROE(3y)13.35%
ROE(5y)14.59%
ROIC(3y)6.97%
ROIC(5y)7.48%
ROICexc(3y)8.04%
ROICexc(5y)8.5%
ROICexgc(3y)14.68%
ROICexgc(5y)15.27%
ROCE(3y)9.3%
ROCE(5y)9.93%
ROICexgc growth 3Y2.27%
ROICexgc growth 5Y7.32%
ROICexc growth 3Y-0.22%
ROICexc growth 5Y6.93%
OM growth 3Y-3.98%
OM growth 5Y5.52%
PM growth 3Y-5.74%
PM growth 5Y5.57%
GM growth 3Y-0.3%
GM growth 5Y-0.73%
F-Score7
Asset Turnover1.88
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 4.16
Debt/EBITDA 2.2
Cap/Depr 68.68%
Cap/Sales 2.78%
Interest Coverage 13.57
Cash Conversion 96.07%
Profit Quality 195.45%
Current Ratio 0.71
Quick Ratio 0.42
Altman-Z 2.88
F-Score7
WACC5.25%
ROIC/WACC1.58
Cap/Depr(3y)64.68%
Cap/Depr(5y)67.84%
Cap/Sales(3y)2.7%
Cap/Sales(5y)2.82%
Profit Quality(3y)211.04%
Profit Quality(5y)182.64%
High Growth Momentum
Growth
EPS 1Y (TTM)4.71%
EPS 3Y1.41%
EPS 5Y3.3%
EPS Q2Q%5.8%
EPS Next Y6.41%
EPS Next 2Y7.28%
EPS Next 3Y7.26%
EPS Next 5Y6.59%
Revenue 1Y (TTM)3.35%
Revenue growth 3Y2.02%
Revenue growth 5Y4.32%
Sales Q2Q%0.92%
Revenue Next Year1.29%
Revenue Next 2Y1.91%
Revenue Next 3Y2.27%
Revenue Next 5Y2.47%
EBIT growth 1Y27.23%
EBIT growth 3Y-2.04%
EBIT growth 5Y10.08%
EBIT Next Year101.44%
EBIT Next 3Y28.51%
EBIT Next 5Y18.03%
FCF growth 1Y12.74%
FCF growth 3Y6.92%
FCF growth 5Y3.73%
OCF growth 1Y12.29%
OCF growth 3Y4.58%
OCF growth 5Y1.96%

KONINKLIJKE AHOLD DELHAIZE N / AD.AS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

ChartMill assigns a fundamental rating of 4 / 10 to AD.AS.


What is the valuation status of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

ChartMill assigns a valuation rating of 4 / 10 to KONINKLIJKE AHOLD DELHAIZE N (AD.AS). This can be considered as Fairly Valued.


How profitable is KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

KONINKLIJKE AHOLD DELHAIZE N (AD.AS) has a profitability rating of 6 / 10.


What are the PE and PB ratios of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

The Price/Earnings (PE) ratio for KONINKLIJKE AHOLD DELHAIZE N (AD.AS) is 15.63 and the Price/Book (PB) ratio is 2.62.


How sustainable is the dividend of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) stock?

The dividend rating of KONINKLIJKE AHOLD DELHAIZE N (AD.AS) is 6 / 10 and the dividend payout ratio is 47.26%.