Jerónimo Martins, SGPS, S.A.

Jerónimo Martins, SGPS, S.A.

0EXG.IL
Jerónimo Martins, SGPS, S.A.GB flagInternational Order Book
16.45
EUR
-0.12
- -
10.33BMarket Cap
Jerónimo Martins, SGPS, S.A.
0EXG.IL
(International Order Book)

Recent

price

16.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.43
15.66
17
18.82
20.18
21.84
23.27
25.9
27.59
29.66
30.7
33.24
40.39
48.58
53.07
57.27
58.13
Revenue per Share
0.48
0.54
0.57
0.61
0.48
0.53
0.94
0.61
0.64
0.62
0.5
0.74
0.94
1.2
0.95
1.03
1.01
Basic EPS, GAAP
0.46
0.55
0.28
0.27
0.37
0.74
0.64
0.39
0.23
1.46
1.49
1.81
1.92
1.33
1.03
2.18
2.14
Free Cash Flow per Basic Share
0.38
0.01
0.54
0.34
0.33
0.65
0.29
0.69
0.64
0.35
0.37
0.32
0.81
0.58
0.68
0.62
0.03
Dividend per Share
1.22
1.76
1.82
2.13
2.3
2.21
2.89
2.9
2.93
3.22
3.37
3.82
3.97
4.61
4.9
5.35
5.54
Book Value per Share
0.43
1.09
0.92
1.17
1.32
1.25
1.92
1.91
1.95
2.28
2.39
2.82
2.91
3.61
3.9
4.32
4.45
Tangible Book Value per Share
628
628
628
628
628
628
628
628
628
628
628
628
628
630
631
628
628
Basic Weighted Avg Shares
9,071
9,838
10,683
11,829
12,680
13,728
14,622
16,276
17,337
18,638
19,293
20,889
25,385
30,608
33,464
35,991
36,519
Sales/Revenue/Turnover
4.78
5.23
4.85
4.49
3.59
3.68
3.87
3.61
3.44
3.85
3.45
3.93
3.94
3.99
3.3
3.41
3.41
Operating Margin (%)
191
209
221
249
277
295
294
331
364
715
734
745
782
902
1,043
1,143
1,164
Depreciation Expense
300
340
360
382
302
333
593
385
401
390
312
463
590
756
599
646
637
Net Income, GAAP
20.87
23.73
24.1
22.02
24.19
24.56
17.46
26.95
23.48
23.39
29.63
25.77
25.43
23.62
24.34
25.48
25.43
Effective Tax Rate (%)
3.3
3.46
3.37
3.23
2.38
2.43
4.06
2.37
2.31
2.09
1.62
2.22
2.32
2.47
1.79
1.79
1.74
Profit Margin (%)
-1,321
-1,293
-1,342
-1,642
-1,652
-1,664
-1,758
-2,101
-2,226
-2,636
-2,307
-2,213
-2,608
-3,159
-3,083
-3,403
-3,078
Working Capital
634
385
571
369
374
534
115
238
288
2,308
2,261
2,340
2,486
3,133
3,816
4,171
4,498
LT Debt
1,132
1,422
1,373
1,539
1,639
1,593
1,991
2,013
2,016
2,229
2,257
2,532
2,585
3,067
3,253
3,529
3,612
Total Equity
16.75
18.14
18.11
17.93
13.92
15.87
19.42
16.67
16.55
13.2
8.73
11.29
13.01
13.94
10.53
10.32
10.14
Return on Invested Capital (%)
16.85
17.29
18.09
18.34
12.95
13.91
24.75
14.78
14.67
11.86
7.67
10.33
12.21
13.95
10.67
10.39
9.98
Return on Capital (%)
40.74
36.37
32.06
30.8
21.66
23.5
36.98
21.17
21.91
20.18
15.05
20.48
24.08
27.97
19.98
20.02
19.02
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,291
1,401
1,205
LT Borrowings
420
519
514
LT Finance Leases
3,553
3,652
3,984
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
628
628
628
Market Capitalization
13,054
12,779
12,835

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,601
5,606
5,366
Cash, Cash Equivalents & STI
1,698
2,268
1,826
Accounts Receivable, Net
86
78
90
Inventories
1,992
2,275
2,381
Total Current Liabilities
7,941
9,009
8,444
Payables & Accruals
- -
- -
- -
ST Debt
1,291
1,401
1,205
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.55%
9.49%
8.48%
Free Cash Flow
52.44%
17.1%
110.79%
Net Income, GAAP
11.53%
18.21%
7.85%
Sales/Revenue/Turnover
10.26%
13.45%
7.55%
Total Cash Common Dividend
15.73%
24.62%
-9.56%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,066
8,232
8,467
8,699
33,464
2025
8,377
9,020
9,138
9,457
35,991
2026
8,904
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.25
0.3
0.25
0.95
2025
0.2
0.23
0.34
- -
1.03
2026
0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.03
- -
0.68
2025
- -
- -
0.03
- -
0.62
2026
- -
- -
- -
- -
- -
Business
Jerónimo Martins, SGPS, S.A. is a leading international food distribution and specialized retail group founded in 1792 and headquartered in Lisbon, Portugal. The company operates primarily in the food retail industry, with main business segments including food distribution, specialized retail, and agribusiness. Its core products and services encompass supermarket chains and cash-and-carry stores, notably Pingo Doce and Recheio in Portugal; the largest discount food retail chain Biedronka in Poland with expansion into Slovakia; and the Ara neighborhood stores in Colombia. In specialized retail, it operates the Hebe beauty and cosmetics chain in Poland, Jeronymo coffee shops, and Hussel chocolate and confectionery stores in Portugal. Additionally, Jerónimo Martins invests in primary production to ensure quality and sustainability in its supply chains. In the past two years, Jerónimo Martins has undergone significant strategic expansions and operational developments. The group reported a 9.3% increase in sales in 2024 to €33.5 billion, driven mainly by strong performance in its Biedronka brand and the Ara supermarket network, which had a 17% sales increase in Colombia. In 2024, Jerónimo Martins opened 386 new stores and remodeled 366 existing locations across its markets. The company is actively integrating around 70 stores previously operated by Colsubsidio into its Ara chain as part of expansion efforts in Colombia. Strategically, Jerónimo Martins has announced an ambitious plan to reach €50 billion in annual sales by 2029 or 2030, marking a shift toward more aggressive mergers and acquisitions to complement its historically organic growth model. Planned investments include continuing store network expansions across Poland, Colombia, Slovakia, and Portugal, along with enhancements in logistics and supply chain capacities. Furthermore, Jerónimo Martins has recently agreed to acquire Luís Vicente Group, a Portuguese fruit and vegetable producer and distributor, strengthening its agribusiness footprint. The company serves diverse markets including Portugal, Poland, Colombia, Slovakia, and broader international operations with an emphasis on quality food products at competitive prices aimed at everyday consumers. Jerónimo Martins is recognized for its integrated value proposition across food retail and specialized retail sectors, focusing on innovation and customer-centric approaches. Its extensive store network comprises over 6,000 outlets including 3,730 Biedronka stores, 489 Pingo Doce, 43 Recheio, and 1,438 Ara stores. The company maintains a strong capital expenditure program and continues to focus on profitability, market share gains, and operational agility to adapt to evolving market conditions. Jerónimo Martins belongs to the food retailing and distribution industry and holds leadership positions in the markets it operates. It remains a key player in Europe's retail sector through its extensive store networks and diversified retail formats supported by ongoing strategic investments and partnerships. This description reflects the latest publicly available information as of late 2025.