(AD) Koninklijke Ahold Delhaize - AS
Sector: Consumer Defensive | Industry: Grocery Stores | Exchange: AS (Netherlands) | Market Cap: 30.688m EUR | Total Return: 2.3% in 12m
Avg Turnover: 91.6M
EPS Trend: 57.3%
Qual. Beats: 0
Rev. Trend: 85.1%
Qual. Beats: 0
Warnings
Altman Z'' 1.04 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Koninklijke Ahold Delhaize N.V. is a multinational food retailer operating supermarkets, convenience stores, and e-commerce platforms primarily in the Netherlands, the United States, and select international markets. Founded in 1867 and headquartered in Zaandam, the Netherlands, the company sells a wide range of products including fresh produce, dairy, meat, bakery, seafood, frozen goods, grocery items, beer and wine, health and beauty products, general merchandise, and pharmacy products, along with gasoline at certain locations. It operates under a portfolio of well-known regional banners such as Albert Heijn, Delhaize, Food Lion, Giant Food, The GIANT Company, Hannaford, and Stop & Shop in the U.S., and Albert, Maxi, Mega Image, and Profi in European and other markets.
The companys name reflects a major merger in 2016, when Koninklijke Ahold N.V. combined with Delhaize to form the current entity, creating one of the largest food retail groups in Europe and the United States. The GICS classification places it within Consumer Staples, Food Retail, a sector generally characterized by stable, recurring demand driven by essential household spending on groceries, which tends to remain relatively consistent through economic cycles.
Ahold Delhaizes business model combines a multi-brand, multi-market approach with an expanding omnichannel offering, including in-store shopping, online grocery ordering, and home delivery. Many of its banners hold leading regional market positions, allowing the group to benefit from localized brand loyalty while leveraging centralized procurement, supply chain, and digital infrastructure to improve margins and support its growing e-commerce segment.
- US comparable sales growth drives quarterly revenue beat
- Stop & Shop turnaround lifts consolidated operating margin
- bol.com e-commerce growth offsets mature Netherlands grocery market
| Net Income: 2.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 2.89 > 1.0 |
| NWC/Revenue: -3.97% < 20% (prev -4.77%; Δ 0.80% < -1%) |
| CFO/TA 0.13 > 3% & CFO 6.45b > Net Income 2.26b |
| Net Debt (13.2b) to EBITDA (7.36b): 1.79 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (887.0m) vs 12m ago -3.17% < -2% |
| Gross Margin: 26.61% > 18% (prev 26.57%; Δ 0.04% > 0.5%) |
| Asset Turnover: 180.3% > 50% (prev 176.6%; Δ 3.68% > 0%) |
| Interest Coverage Ratio: 4.57 > 6 (EBIT TTM 3.70b / Interest Expense TTM 810.0m) |
| A: -0.07 (Total Current Assets 12.3b - Total Current Liabilities 15.9b) / Total Assets 49.9b |
| B: 0.18 (Retained Earnings 8.90b / Total Assets 49.9b) |
| C: 0.07 (EBIT TTM 3.70b / Avg Total Assets 50.7b) |
| D: 0.42 (Book Value of Equity 14.8b / Total Liabilities 35.1b) |
| Altman-Z'' = 1.04 = BB |
| DSRI: 1.09 (Receivables 2.65b/2.42b, Revenue 91.4b/90.9b) |
| GMI: 1.00 (GM 26.57% / 26.61%) |
| AQI: 1.02 (AQ_t 0.32 / AQ_t-1 0.32) |
| SGI: 1.00 (Revenue 91.4b / 90.9b) |
| TATA: -0.08 (NI 2.26b - CFO 6.45b) / TA 49.9b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of June 26, 2026, the stock is trading at EUR 35.13 with a total of 1,889,093 shares traded. Over the past week, the price has changed by +1.77%, over one month by -4.07%, over three months by -11.14% and over the past year by +2.30%.
Current recommended Stop Loss: 34.00 (which is 3.2% or 1.7 ATR below the current price).
Koninklijke Ahold Delhaize has no consensus analysts rating.
P/E Trailing = 13.8294
P/E Forward = 12.3153
P/S = 0.3359
P/B = 2.0382
P/EG = 2.8635
Revenue TTM = 91.4b EUR
EBIT TTM = 3.70b EUR
EBITDA TTM = 7.36b EUR
Long Term Debt = 5.40b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.85b EUR (from shortLongTermDebt, last fiscal year)
Debt = 17.4b EUR (from shortLongTermDebtTotal, last quarter) + Leases 12.0b
Net Debt = 13.2b EUR (calculated: Debt 17.4b - CCE 4.19b)
Enterprise Value = 43.9b EUR (30.7b + Debt 17.4b - CCE 4.19b)
Interest Coverage Ratio = 4.57 (Ebit TTM 3.70b / Interest Expense TTM 810.0m)
EV/FCF = 8.33x (Enterprise Value 43.9b / FCF TTM 5.27b)
FCF Yield = 12.01% (FCF TTM 5.27b / Enterprise Value 43.9b)
FCF Margin = 5.77% (FCF TTM 5.27b / Revenue TTM 91.4b)
Net Margin = 2.47% (Net Income TTM 2.26b / Revenue TTM 91.4b)
Gross Margin = 26.61% ((Revenue TTM 91.4b - Cost of Revenue TTM 67.0b) / Revenue TTM)
Gross Margin QoQ = 26.80% (prev 26.75%)
Tobins Q-Ratio = 0.88 (Enterprise Value 43.9b / Total Assets 49.9b)
Interest Expense / Debt = 4.66% (Interest Expense 810.0m / Debt 17.4b)
Taxrate = 21.98% (636.0m / 2.89b)
NOPAT = 2.89b (EBIT 3.70b * (1 - 21.98%))
Current Ratio = 0.77 (Total Current Assets 12.3b / Total Current Liabilities 15.9b)
Debt / Equity = 1.17 (Debt 17.4b / totalStockholderEquity, last quarter 14.8b)
Debt / EBITDA = 1.79 (Net Debt 13.2b / EBITDA 7.36b)
Debt / FCF = 2.50 (Net Debt 13.2b / FCF TTM 5.27b)
Total Stockholder Equity = 14.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.45% (Net Income 2.26b / Total Assets 49.9b)
RoE = 15.84% (Net Income TTM 2.26b / Total Stockholder Equity 14.2b)
RoCE = 18.85% (EBIT 3.70b / Capital Employed (Equity 14.2b + L.T.Debt 5.40b))
RoIC = 9.71% (NOPAT 2.89b / Invested Capital 29.8b)
WACC = 4.63% (E(30.7b)/V(48.1b) * Re(5.19%) + D(17.4b)/V(48.1b) * Rd(4.66%) * (1-Tc(0.22)))
Discount Rate = 5.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -3.09%
[DCF] Terminal Value 77.97% ; FCFF base≈4.74b ; Y1≈5.43b ; Y5≈8.00b
[DCF] Fair Price = 121.7 (EV 120b - Net Debt 13.2b = Equity 107b / Shares 880.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 57.26 | EPS CAGR: 1.34% | SUE: 0.33 | # QB: 0
Revenue Correlation: 85.12 | Revenue CAGR: 1.46% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.66 | Chg30d=-3.06% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.71 | Chg30d=-1.04% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=2.79 | Chg30d=+0.19% | Revisions=+20% | GrowthEPS=+4.5% | GrowthRev=+1.5%
EPS next Year (2027-12-31): EPS=2.97 | Chg30d=-0.39% | Revisions=+14% | GrowthEPS=+6.7% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: -20%