(AD) Koninklijke Ahold Delhaize - Ratings and Ratios

Exchange: AS • Country: Netherlands • Currency: EUR • Type: Common Stock • ISIN: NL0011794037

Groceries, Produce, Electronics, General Merchandise, Pharmacy Products

AD EPS (Earnings per Share)

EPS (Earnings per Share) of AD over the last years for every Quarter: "2020-03": 0.59000002103876, "2020-06": 0.6446511627907, "2020-09": 0.063670411985019, "2020-12": -0.0085146641438032, "2021-03": 0.52631578947368, "2021-06": 0.52000001925926, "2021-09": 0.50778210116732, "2021-12": 0.61350898398751, "2022-03": 0.54005934718101, "2022-06": 0.60179640718563, "2022-09": 0.59195979899497, "2022-12": 0.81947261663286, "2023-03": 0.57361963190184, "2023-06": 0.48247422680412, "2023-09": 0.40998959417274, "2023-12": 0.47373949579832, "2024-03": 0.59, "2024-06": 0.65, "2024-09": 0.62, "2024-12": 0.69, "2025-03": 0.62, "2025-06": 0.65,

AD Revenue

Revenue of AD over the last years for every Quarter: 2020-03: 18208, 2020-06: 19103, 2020-09: 17826, 2020-12: 19600, 2021-03: 18264, 2021-06: 18645, 2021-09: 18545, 2021-12: 20147, 2022-03: 19774, 2022-06: 21445, 2022-09: 22407, 2022-12: 23358, 2023-03: 21624, 2023-06: 22068, 2023-09: 21934, 2023-12: 23023, 2024-03: 21728, 2024-06: 22349, 2024-09: 22004, 2024-12: 23276, 2025-03: 23276, 2025-06: 23092,

Description: AD Koninklijke Ahold Delhaize

Koninklijke Ahold Delhaize NV is a leading retail food store operator with a significant presence in the Netherlands, the United States, and other international markets. The companys diverse portfolio includes supermarkets, convenience stores, and online stores operating under multiple brands such as Albert Heijn, Delhaize, and Stop & Shop.

The companys business model is centered around providing a wide range of products, including fresh produce, grocery items, and general merchandise, as well as services like pharmacy products and gasoline. With a strong e-commerce platform, Ahold Delhaize is well-positioned to capitalize on the growing trend of online shopping.

From a financial perspective, Koninklijke Ahold Delhaize NV has a market capitalization of approximately €32.8 billion, with a price-to-earnings ratio of 18.31 and a forward P/E of 13.25, indicating a relatively stable valuation. The companys return on equity (RoE) stands at 11.96%, suggesting a decent level of profitability.

Additional key performance indicators (KPIs) to consider include the companys revenue growth, gross margin, and operating margin. Ahold Delhaize has consistently reported steady revenue growth, driven by its omnichannel strategy and expansion into new markets. The companys gross margin has remained relatively stable, while its operating margin has improved in recent years, driven by cost-saving initiatives and operational efficiencies.

Other relevant metrics include the companys dividend yield, which is around 2-3%, and its debt-to-equity ratio, which is approximately 0.6. These metrics suggest that Ahold Delhaize has a relatively stable financial position and is committed to returning value to shareholders through dividend payments.

AD Stock Overview

Market Cap in USD 36,432m
Sub-Industry Food Retail
IPO / Inception

AD Stock Ratings

Growth Rating 79.8%
Fundamental 67.7%
Dividend Rating 53.0%
Return 12m vs S&P 500 -3.40%
Analyst Rating -

AD Dividends

Dividend Yield 12m 3.50%
Yield on Cost 5y 5.47%
Annual Growth 5y 2.95%
Payout Consistency 79.1%
Payout Ratio 45.7%

AD Growth Ratios

Growth Correlation 3m -41.2%
Growth Correlation 12m 84.5%
Growth Correlation 5y 87.8%
CAGR 5y 14.50%
CAGR/Max DD 3y 0.78
CAGR/Mean DD 3y 3.21
Sharpe Ratio 12m 1.74
Alpha 6.59
Beta 0.195
Volatility 16.26%
Current Volume 1604.6k
Average Volume 20d 1467.2k
Stop Loss 33.2 (-3.3%)
Signal -0.17

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (1.85b TTM) > 0 and > 6% of Revenue (6% = 5.50b TTM)
FCFTA 0.10 (>2.0%) and ΔFCFTA 1.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -5.24% (prev -2.68%; Δ -2.57pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.13 (>3.0%) and CFO 6.54b > Net Income 1.85b (YES >=105%, WARN >=100%)
Net Debt (678.0m) to EBITDA (2.66b) ratio: 0.26 <= 3.0 (WARN <= 3.5)
Current Ratio 0.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (907.8m) change vs 12m ago -2.38% (target <= -2.0% for YES)
Gross Margin 26.49% (prev 26.83%; Δ -0.34pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 183.9% (prev 175.6%; Δ 8.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 3.31 (EBITDA TTM 2.66b / Interest Expense TTM 804.0m) >= 6 (WARN >= 3)

Altman Z'' 0.13

(A) -0.10 = (Total Current Assets 12.19b - Total Current Liabilities 16.99b) / Total Assets 48.99b
(B) 0.13 = Retained Earnings (Balance) 6.17b / Total Assets 48.99b
(C) 0.05 = EBIT TTM 2.66b / Avg Total Assets 49.84b
(D) 0.0 = Book Value of Equity 0.0 / Total Liabilities 34.88b
Total Rating: 0.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.68

1. Piotroski 6.50pt = 1.50
2. FCF Yield 9.72% = 4.86
3. FCF Margin 5.18% = 1.29
4. Debt/Equity 1.53 = 1.43
5. Debt/Ebitda 8.12 = -2.50
6. ROIC - WACC 5.91% = 7.38
7. RoE 12.50% = 1.04
8. Rev. Trend 34.66% = 1.73
9. Rev. CAGR 1.10% = 0.14
10. EPS Trend 18.14% = 0.45
11. EPS CAGR 3.46% = 0.35

What is the price of AD shares?

As of September 13, 2025, the stock is trading at EUR 34.32 with a total of 1,604,620 shares traded.
Over the past week, the price has changed by -1.21%, over one month by -1.58%, over three months by -2.88% and over the past year by +15.00%.

Is Koninklijke Ahold Delhaize a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Koninklijke Ahold Delhaize (AS:AD) is currently (September 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 67.68 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of AD is around 36.28 EUR . This means that AD is currently overvalued and has a potential downside of 5.71%.

Is AD a buy, sell or hold?

Koninklijke Ahold Delhaize has no consensus analysts rating.

What are the forecasts/targets for the AD price?

Issuer Target Up/Down from current
Wallstreet Target Price 35.9 4.6%
Analysts Target Price - -
ValueRay Target Price 38.9 13.4%

AD Fundamental Data Overview

Market Cap USD = 36.43b (31.13b EUR * 1.1703 EUR.USD)
Market Cap EUR = 31.13b (31.13b EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 3.92b EUR (Cash only, last quarter)
P/E Trailing = 16.9356
P/E Forward = 12.1065
P/S = 0.3397
P/B = 2.1822
P/EG = 1.2775
Beta = 0.28
Revenue TTM = 91.65b EUR
EBIT TTM = 2.66b EUR
EBITDA TTM = 2.66b EUR
Long Term Debt = 4.60b EUR (from longTermDebt, last quarter)
Short Term Debt = 16.99b EUR (from totalCurrentLiabilities, last quarter)
Debt = 21.59b EUR (Calculated: Short Term 16.99b + Long Term 4.60b)
Net Debt = 678.0m EUR (from netDebt column, last quarter)
Enterprise Value = 48.80b EUR (31.13b + Debt 21.59b - CCE 3.92b)
Interest Coverage Ratio = 3.31 (Ebit TTM 2.66b / Interest Expense TTM 804.0m)
FCF Yield = 9.72% (FCF TTM 4.74b / Enterprise Value 48.80b)
FCF Margin = 5.18% (FCF TTM 4.74b / Revenue TTM 91.65b)
Net Margin = 2.02% (Net Income TTM 1.85b / Revenue TTM 91.65b)
Gross Margin = 26.49% ((Revenue TTM 91.65b - Cost of Revenue TTM 67.37b) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 48.80b / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.94% (Interest Expense 204.0m / Debt 21.59b)
Taxrate = 21.65% (481.0m / 2.22b)
NOPAT = 2.08b (EBIT 2.66b * (1 - 21.65%))
Current Ratio = 0.72 (Total Current Assets 12.19b / Total Current Liabilities 16.99b)
Debt / Equity = 1.53 (Debt 21.59b / last Quarter total Stockholder Equity 14.11b)
Debt / EBITDA = 8.12 (Net Debt 678.0m / EBITDA 2.66b)
Debt / FCF = 4.55 (Debt 21.59b / FCF TTM 4.74b)
Total Stockholder Equity = 14.84b (last 4 quarters mean)
RoA = 3.78% (Net Income 1.85b, Total Assets 48.99b )
RoE = 12.50% (Net Income TTM 1.85b / Total Stockholder Equity 14.84b)
RoCE = 13.68% (Ebit 2.66b / (Equity 14.84b + L.T.Debt 4.60b))
RoIC = 10.18% (NOPAT 2.08b / Invested Capital 20.45b)
WACC = 4.28% (E(31.13b)/V(52.72b) * Re(6.73%)) + (D(21.59b)/V(52.72b) * Rd(0.94%) * (1-Tc(0.22)))
Shares Correlation 3-Years: -96.97 | Cagr: -0.84%
Discount Rate = 6.73% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 79.60% ; FCFE base≈4.57b ; Y1≈5.02b ; Y5≈6.43b
Fair Price DCF = 123.1 (DCF Value 111.80b / Shares Outstanding 907.8m; 5y FCF grow 11.26% → 3.0% )
Revenue Correlation: 34.66 | Revenue CAGR: 1.10%
Rev Growth-of-Growth: 3.83
EPS Correlation: 18.14 | EPS CAGR: 3.46%
EPS Growth-of-Growth: 31.46

Additional Sources for AD Stock

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