1. Netherlands Stocks

  2. •

    Consumer Defensive

  3. •

    Grocery Stores
Koninklijke Ahold Delhaize N.V.

Koninklijke Ahold Delhaize N.V.

AD.AS
Koninklijke Ahold Delhaize N.V.NL flagEuronext Amsterdam
35.37
EUR
-0.48
- -
31.15BMarket Cap
Koninklijke Ahold Delhaize N.V.
AD.AS
(Euronext Amsterdam)

Recent

price

35.37

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
29.08
31.36
36.17
36.77
39.62
49.5
48.63
50.27
53.39
59.86
70.04
73.54
87.42
92.24
96.08
102.5
102.34
Revenue per Share
0.84
1.05
1.01
2.86
0.72
1.1
0.81
1.45
1.51
1.6
1.31
2.18
2.56
1.95
1.9
2.51
2.53
Basic EPS, GAAP
1.21
1.06
1.33
1.38
1.38
1.72
1.56
2.95
4.56
4.92
5.94
5.32
6.14
6.72
6.69
7.76
7.22
Free Cash Flow per Basic Share
0.27
0.34
0.46
0.52
0.5
0.51
0.42
0.58
0.64
1.01
0.96
0.83
0.98
1.09
1.12
1.19
1.2
Dividend per Share
-3.89
-3.38
-2.54
-2.05
-2.13
-0.86
-0.27
0.44
0.75
0.01
0.57
2.3
4.78
0.01
0.01
0.01
0.01
Book Value per Share
5.07
5.15
3.96
5.59
3.72
4.73
3.65
2.54
2.03
1.83
0.81
0.92
2.24
1.83
2.19
0.59
1.05
Tangible Book Value per Share
1,016
965
904
887
827
772
1,022
1,251
1,176
1,107
1,067
1,028
995
962
930
901
893
Basic Weighted Avg Shares
29,530
30,271
32,682
32,615
32,774
38,203
49,695
62,890
62,791
66,260
74,736
75,600
86,984
88,734
89,357
92,352
91,352
Sales/Revenue/Turnover
4.52
4.45
4.09
3.8
3.81
3.45
3.19
3.54
4.18
4.02
2.3
3.69
3.57
2.74
2.63
3.34
3.39
Operating Margin (%)
812
797
817
825
879
993
1,360
1,793
2,607
2,758
2,845
3,007
3,433
3,468
3,478
3,586
3,656
Depreciation Expense
853
1,017
915
2,537
594
852
830
1,817
1,780
1,766
1,397
2,246
2,546
1,874
1,764
2,264
2,261
Net Income, GAAP
25.16
13.58
23.67
16.14
24.43
21.27
23.68
7.57
17.46
19.54
19.4
21.08
22.2
19.83
21.65
22.42
22.4
Effective Tax Rate (%)
2.89
3.36
2.8
7.78
1.81
2.23
1.67
2.89
2.83
2.67
1.87
2.97
2.93
2.11
1.97
2.45
2.48
Profit Margin (%)
1,102
579
-11
2,126
-18
258
-420
-1,149
-2,025
-3,020
-3,884
-4,595
-4,264
-4,147
-2,870
-4,871
-3,626
Working Capital
1,851
1,489
2,610
2,376
2,535
2,812
5,072
3,289
11,953
12,325
12,304
14,738
15,164
14,681
15,984
15,103
5,397
LT Debt
5,910
5,810
5,146
6,520
4,844
5,621
16,276
14,591
14,205
14,083
12,432
13,720
15,405
14,755
15,454
14,195
14,789
Total Equity
12.66
15.08
12.98
11.78
11
12.42
7.39
9.38
8.86
7.26
4.8
7.45
7.39
5.81
5.28
6.84
11.83
Return on Invested Capital (%)
-51.72
-63.42
-164.11
471.79
93.22
63.98
23.05
33.2
21.73
14.59
11.82
15.42
14.48
12.26
12.48
14.99
57.12
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
248.43
396.85
451.37
151.35
71.58
78.67
18,568.42
25,155.56
25,122.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
3,300
- -
LT Borrowings
4,592
4,577
5,397
LT Finance Leases
- -
10,526
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
897
887
881
Market Capitalization
31,407
31,464
35,966

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12,140
11,923
12,306
Cash, Cash Equivalents & STI
4,177
3,895
4,189
Accounts Receivable, Net
2,508
1,437
2,651
Inventories
4,921
4,795
4,946
Total Current Liabilities
17,274
16,794
15,932
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,300
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.9%
3%
-8.15%
Free Cash Flow
22.74%
2.47%
12.29%
Net Income, GAAP
16.28%
14.04%
28.34%
Sales/Revenue/Turnover
9.71%
4.46%
3.35%
Total Cash Common Dividend
12.75%
1.39%
3.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21,728
22,349
22,004
23,276
89,357
2025
23,276
23,092
22,494
23,490
92,352
2026
22,276
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
0.53
0.4
0.41
1.9
2025
0.61
0.6
- -
0.65
2.51
2026
0.63
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.61
0.5
- -
1.12
2025
- -
0.67
- -
- -
1.19
2026
- -
- -
- -
- -
- -
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Business
Koninklijke Ahold Delhaize N.V. (AD.AS) operates as one of the world's largest food retail groups, focusing on supermarkets, e-commerce, and wholesale distribution primarily in the United States, Europe, and Indonesia. Headquartered in Zaandam, Netherlands, the company traces its roots to the 2016 merger of Dutch retailer Ahold, founded in 1887, and Belgian retailer Delhaize Group, established in 1867. It serves approximately 72 million customers weekly through a portfolio of local brands delivering groceries, fresh produce, private-label products, pharmacy services, and non-food items such as health and beauty goods via Etos and alcoholic beverages via Gall & Gall; in the United States, it manages Food Lion (1,109 stores), The GIANT Company (193 stores), Giant Food (163 stores), Hannaford (189 stores), and Stop & Shop (362 stores) with extensive pick-up points for omnichannel grocery; in Europe, key brands include Albert Heijn (1,276 stores in the Netherlands), bol.com (leading online retailer), Delhaize (818 stores in Belgium), Albert (347 stores in Czech Republic), Mega Image (985 stores in Romania), Profi (1,770 stores in Romania), Alfa Beta (613 stores), Maxi (556 stores), and ENA (14 stores), alongside joint ventures like Super Indo (180 stores in Indonesia). The company emphasizes sustainable retailing, healthy options, and innovations like AI-driven personalization (e.g., Albert Heijn's Steijn assistant) and proprietary platforms such as PRISM across U.S. brands. Recent developments include the January 2025 acquisition of Profi Rom Food SRL, strengthening its Romanian market position with over 200 new stores opened in the prior three years and plans for accelerated expansion; completion of Stop & Shop store closures and pricing strategy extensions to additional Massachusetts locations; announcement of eight new Delhaize Belgium supermarkets under an affiliate model opening in early 2026; launch of over 500 new own-brand products across Central and Southeastern Europe in early 2025; refreshed Growing Together strategy with 2025-2028 financial ambitions; new partnerships such as W23 Global venture fund for grocery innovation, Global FoodBanking Network, and U.S. collaborations with Danone North America and The Nature Conservancy for supply chain resilience; rollout of climate hubs and Healthy Future Academy for ESG initiatives; and a €1 billion share buyback program starting in 2026, alongside reconfirmed 2025 outlook for underlying operating margin around 4% and free cash flow of at least €2.2 billion.