Jeronimo Martins, SGPS S.A.

Jeronimo Martins, SGPS S.A.

20.63
USD
-3.07
(-12.95%)
1.18EPS
19.90P/E
14.47BMarket Cap
Oct 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
58.72
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
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
1.9
Dividend per Share
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
- -
Book Value per Share
2.07
2.22
2.13
2.77
2.84
2.83
3.14
3.2
3.62
3.71
4.48
4.78
5.24
4.98
Tangible Book Value per Share
0.79
0.94
0.85
1.51
1.55
1.57
1.88
1.99
2.42
2.51
3.22
3.52
3.94
3.69
Basic Weighted Avg Shares
628
628
628
628
628
628
628
628
628
628
630
631
628
628
Sales/Revenue/Turnover
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
36,877
Operating Margin (%)
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
Depreciation Expense
249
277
295
294
331
364
715
734
745
782
902
1,043
1,143
1,199
Net Income, GAAP
382
302
333
593
385
401
390
312
463
590
756
599
646
636
Effective Tax Rate (%)
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
25.8
Profit Margin (%)
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
1.72
Working Capital
-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
-3,259
LT Debt
369
374
534
115
238
288
2,308
2,261
2,340
2,486
3,133
3,816
4,171
4,780
Total Equity
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
3,354
Return on Invested Capital (%)
17.73
13.73
15.27
18.39
16.36
16.29
12.99
8.37
11.1
12.69
13.55
10.19
10.14
10.1
Return on Capital (%)
18.59
13.19
14.21
25.44
15.13
14.94
12.02
7.79
10.56
12.53
14.23
10.79
10.49
10.18
Return on Common Equity (%)
31.52
22.35
24.35
38.52
21.86
22.49
20.78
15.67
21.61
25.6
29.39
20.58
20.52
21.07

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,401
1,205
1,241
LT Borrowings
519
514
627
LT Finance Leases
3,652
3,984
4,153
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
628
628
628
Market Capitalization
12,556
- -
12,666

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,606
5,366
5,141
Cash, Cash Equivalents & STI
2,268
1,826
1,585
Accounts Receivable, Net
78
90
100
Inventories
2,275
2,381
2,312
Total Current Liabilities
9,009
8,444
8,400
Payables & Accruals
- -
- -
- -
ST Debt
1,401
1,205
1,241
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

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

EUR

•

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
9,378
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

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
0.26
1.03
2026
0.19
0.22
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.03
- -
0.68
2025
- -
- -
- -
- -
0.62
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pedro Manuel de Castro Soares dos Santos
Full Time Employees
147,709
Sector
Retail trade
Industry
Food retail
Address
Rua Actor AntOnio Silva n. o 7 Lisbon LI Portugal 1649-033
IPO Date
Jan 1, 1989
Business
Jerónimo Martins, SGPS, S.A. operates as a Portugal-based international group in food distribution and specialised retail, with operations across Poland, Portugal, Colombia, Slovakia, Czechia and Morocco. The company, founded in 1792 and headquartered in Lisbon, functions primarily through its food distribution banners including Biedronka discount food stores in Poland and Slovakia; Pingo Doce supermarkets and Recheio cash & carry outlets in Portugal; Ara neighbourhood food stores and Bodega del Canasto mini cash & carry in Colombia; alongside specialised retail chains such as Hebe health and beauty stores in Poland, Czechia and Slovakia; Hussel chocolates and confectionery outlets and Jeronymo coffee shops in Portugal. It also engages in agribusiness via Jerónimo Martins Agro-Alimentar, encompassing dairy production, livestock, aquaculture including offshore sea bass and sea bream farming in Morocco, and fruit & vegetable cultivation and distribution in Portugal; complemented by ancillary activities in real estate management, logistics, human resources, wholesale of consumer goods, and financial services. Jerónimo Martins is a subsidiary of Sociedade Francisco Manuel dos Santos, SGPS, S.E. Recent developments include a €1.1 billion investment plan for 2025 targeting over 300 new store openings, notably 130-150 Biedronka stores in Poland, more than 150 Ara stores plus integration of 70 former Colsubsidio outlets in Colombia, 30 Hebe stores, and a dozen Pingo Doce supermarkets in Portugal, alongside new distribution centres in Poland and Colombia and extensive store renovations; launches of Biedronka stores and a distribution centre in Slovakia in 2025; expansion of Hebe into Czechia with physical stores since 2023; an agreement to acquire Luís Vicente Group, a Portuguese fruit and vegetable producer-distributor; increased stake in Norwegian sustainable salmon producer Andfjord Salmon Group; new ESG-linked financing from the International Finance Corporation for Colombian expansion; and a strategic ambition to reach €50 billion in sales by 2030 through accelerated growth and potential mergers and acquisitions.

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