Buy Or Sell Opportunity • Jun 22
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €34.20. The fair value is estimated to be €28.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 4.1% per annum over the same time period. Reported Earnings • Dec 22
First half 2026 earnings released: EPS: €1.34 (vs €1.59 in 1H 2025) First half 2026 results: EPS: €1.34 (down from €1.59 in 1H 2025). Revenue: €5.29b (up 4.5% from 1H 2025). Net income: €161.1m (down 19% from 1H 2025). Profit margin: 3.0% (down from 3.9% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • Sep 25
Colruyt Group N.V. announces Annual dividend, payable on September 30, 2025 Colruyt Group N.V. announced Annual dividend of EUR 0.9660 per share payable on September 30, 2025, ex-date on September 26, 2025 and record date on September 29, 2025. Aankondiging • Sep 09
Colruyt Group N.V., Annual General Meeting, Sep 24, 2025 Colruyt Group N.V., Annual General Meeting, Sep 24, 2025, at 16:00 Romance Standard Time. Reported Earnings • Jun 18
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: €2.71 (down from €8.50 in FY 2024). Revenue: €11.0b (up 1.1% from FY 2024). Net income: €334.7m (down 69% from FY 2024). Profit margin: 3.1% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €34.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.66 per share. Buy Or Sell Opportunity • May 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to €34.70. The fair value is estimated to be €43.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 9.3% in the next 2 years. Reported Earnings • Dec 15
First half 2025 earnings released: EPS: €1.54 (vs €7.17 in 1H 2024) First half 2025 results: EPS: €1.54 (down from €7.17 in 1H 2024). Revenue: €5.43b (flat on 1H 2024). Net income: €191.3m (down 79% from 1H 2024). Profit margin: 3.5% (down from 17% in 1H 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Dec 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 9.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.3% net profit margin). Buy Or Sell Opportunity • Sep 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to €47.68. The fair value is estimated to be €39.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are forecast to decline by 36% per annum over the same time period. Reported Earnings • Aug 04
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €8.50 (up from €1.64 in FY 2023). Revenue: €10.8b (up 12% from FY 2023). Net income: €1.07b (up 410% from FY 2023). Profit margin: 9.9% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 14
Full year 2024 earnings released: EPS: €8.50 (vs €1.40 in FY 2023) Full year 2024 results: EPS: €8.50 (up from €1.40 in FY 2023). Revenue: €10.8b (up 9.2% from FY 2023). Net income: €1.07b (up 496% from FY 2023). Profit margin: 9.9% (up from 1.8% in FY 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 18
Now 21% overvalued Over the last 90 days, the stock has fallen 5.5% to €40.98. The fair value is estimated to be €33.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to decline by 65% in the next 2 years. Aankondiging • Mar 26
Korys Investments NV agreed to acquire 30% stake in Virya Energy NV from Colruyt Group N.V. (ENXTBR:COLR). Korys Investments NV agreed to acquire 30% stake in Virya Energy NV from Colruyt Group N.V. (ENXTBR:COLR) on March 25, 2024. Upcoming Dividend • Dec 13
Upcoming dividend of €0.70 per share at 2.0% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Belgian dividend payers (7.4%). Lower than average of industry peers (4.2%). Buying Opportunity • Dec 12
Now 22% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be €50.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Major Estimate Revision • Dec 07
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €4.20 to €4.74. Revenue forecast steady at €10.6b. Net income forecast to grow 69% next year vs 26% growth forecast for Consumer Retailing industry in Belgium. Consensus price target up from €35.36 to €36.77. Share price rose 5.3% to €41.64 over the past week. Price Target Changed • Oct 06
Price target increased by 8.0% to €34.10 Up from €31.56, the current price target is an average from 10 analysts. New target price is 15% below last closing price of €40.00. Stock is up 83% over the past year. The company is forecast to post earnings per share of €4.31 for next year compared to €1.40 last year. Aankondiging • Sep 23
Etn. Fr. Colruyt NV (ENXTBR:COLR) agreed to acquire business of 57 Match and Smatch stores and the real estate of 6 sites from Profi Nv and Match. Etn. Fr. Colruyt NV (ENXTBR:COLR) agreed to acquire business of 57 Match and Smatch stores and the real estate of 6 sites from Profi Nv and Match on September 21, 2023. Match and Smatch stores that would be acquired by Colruyt Group recorded a revenue of approximately €300 million in 2022. The transaction is subject to approval by the Belgian Competition Authority (BCA), which is expected to be obtained in the coming months. Upon completion of the transaction, which is expected to take place in the first quarter of 2024, the Match and Smatch stores concerned will be fully consolidated in the consolidated figures of Colruyt Group. Upcoming Dividend • Sep 22
Upcoming dividend of €0.56 per share at 2.1% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Belgian dividend payers (7.8%). Lower than average of industry peers (4.3%). Major Estimate Revision • Sep 15
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €4.13 to €3.66 per share. Revenue forecast steady at €10.6b. Net income forecast to grow 142% next year vs 26% growth forecast for Consumer Retailing industry in Belgium. Consensus price target broadly unchanged at €31.56. Share price fell 3.2% to €36.48 over the past week. Price Target Changed • Sep 14
Price target increased by 8.1% to €31.56 Up from €29.19, the current price target is an average from 10 analysts. New target price is 13% below last closing price of €36.32. Stock is up 25% over the past year. The company is forecast to post earnings per share of €3.66 for next year compared to €1.40 last year. Aankondiging • Jul 29
Etn. Fr. Colruyt NV, Annual General Meeting, Sep 25, 2024 Etn. Fr. Colruyt NV, Annual General Meeting, Sep 25, 2024. Aankondiging • Jun 21
Etn. Fr. Colruyt NV to Report Fiscal Year 2023 Final Results on Jul 31, 2023 Etn. Fr. Colruyt NV announced that they will report fiscal year 2023 final results on Jul 31, 2023 Major Estimate Revision • Jun 20
Consensus EPS estimates increase by 131%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €11.0b to €10.6b. EPS estimate rose from €1.67 to €3.86. Net income forecast to grow 96% next year vs 34% growth forecast for Consumer Retailing industry in Belgium. Consensus price target up from €25.99 to €29.21. Share price rose 5.8% to €32.88 over the past week. Reported Earnings • Jun 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €1.40 (down from €2.17 in FY 2022). Revenue: €9.93b (down 1.2% from FY 2022). Net income: €179.7m (down 38% from FY 2022). Profit margin: 1.8% (down from 2.9% in FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 02
Price target increased by 8.1% to €25.87 Up from €23.92, the current price target is an average from 9 analysts. New target price is 17% below last closing price of €30.98. Stock is up 4.3% over the past year. The company is forecast to post earnings per share of €1.38 for next year compared to €2.17 last year. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €29.73, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Consumer Retailing industry in Europe. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.39 per share. Buying Opportunity • Mar 23
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be €34.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 7.9% in 2 years. Earnings is forecast to decline by 2.5% in the next 2 years. Aankondiging • Feb 03
Etn. Fr. Colruyt NV entered into an agreement to acquire Degrenne Distribution from Degrenne family on February 2, 2023.Etn. Fr. Colruyt NV entered into an agreement to acquire Degrenne Distribution from Degrenne family. Etn. Fr. Colruyt NV entered into an agreement to acquire Degrenne Distribution from Degrenne family on February 2, 2023. Colruyt Group reached an agreement to acquire 100% of the shares of Degrenne Distribution, owned by the Degrenne family. The acquisition is subject to the suspensive condition of approval by the French Competition Authority as well as by the French Ministry of Economy and Finance under the international investment law. The closing of the transaction, and hence the integration in Colruyt Group's consolidated figures, is not expected until the financial year 2023/24. The current management will remain on board until the end of September 2023, in view of ensuring a smooth transition. Major Estimate Revision • Jan 18
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from €1.49 to €1.19 per share. Revenue forecast steady at €10.5b. Net income forecast to shrink 16% next year vs 18% growth forecast for Consumer Retailing industry in Belgium . Consensus price target broadly unchanged at €23.58. Share price was steady at €24.26 over the past week. Price Target Changed • Jan 17
Price target decreased to €23.58 Down from €25.69, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of €24.42. Stock is down 34% over the past year. The company is forecast to post earnings per share of €1.19 for next year compared to €2.17 last year. Reported Earnings • Dec 14
Second quarter 2023 earnings released Second quarter 2023 results: Net income: (down €80.7m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Dec 14
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €26.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Price Target Changed • Nov 22
Price target decreased to €25.72 Down from €27.87, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of €25.54. Stock is down 39% over the past year. The company is forecast to post earnings per share of €1.73 for next year compared to €2.17 last year. Buying Opportunity • Nov 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.4%. The fair value is estimated to be €32.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is forecast to decline by 1.2% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Director Rika Coppens was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Nov 07
Price target decreased to €25.92 Down from €28.62, the current price target is an average from 10 analysts. New target price is 5.9% above last closing price of €24.47. Stock is down 42% over the past year. The company is forecast to post earnings per share of €1.73 for next year compared to €2.17 last year. Price Target Changed • Oct 10
Price target decreased to €27.87 Down from €29.99, the current price target is an average from 10 analysts. New target price is 24% above last closing price of €22.51. Stock is down 48% over the past year. The company is forecast to post earnings per share of €1.77 for next year compared to €2.17 last year. Price Target Changed • Oct 10
Price target decreased to €27.87 Down from €29.99, the current price target is an average from 10 analysts. New target price is 24% above last closing price of €22.51. Stock is down 48% over the past year. The company is forecast to post earnings per share of €1.77 for next year compared to €2.17 last year. Major Estimate Revision • Oct 04
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from €2.00 to €1.77 per share. Revenue forecast steady at €10.4b. Net income forecast to shrink 16% next year vs 10% growth forecast for Consumer Retailing industry in Belgium . Consensus price target down from €30.52 to €28.62. Share price fell 20% to €23.00 over the past week. Buying Opportunity • Sep 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €29.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is also forecast to grow by 2.2% per annum over the same time period. Upcoming Dividend • Sep 23
Upcoming dividend of €0.77 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 04 October 2022. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Belgian dividend payers (6.6%). Lower than average of industry peers (4.8%). Buying Opportunity • Jun 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be €34.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings is also forecast to grow by 1.5% per annum over the same time period. Price Target Changed • Jun 17
Price target decreased to €32.86 Down from €36.68, the current price target is an average from 9 analysts. New target price is 22% above last closing price of €26.84. Stock is down 43% over the past year. The company is forecast to post earnings per share of €2.28 for next year compared to €3.06 last year. Major Estimate Revision • Jun 17
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from €2.42 to €2.13 per share. Revenue forecast steady at €10.3b. Net income forecast to shrink 12% next year vs 7.2% growth forecast for Consumer Retailing industry in Belgium . Consensus price target down from €37.70 to €33.77. Share price fell 4.8% to €26.84 over the past week. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €29.02, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.31 per share. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Director Rika Coppens was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Dec 22
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €10.1b to €9.99b. EPS estimate also fell from €2.68 per share to €2.31 per share. Net income forecast to shrink 1.5% next year vs 4.7% growth forecast for Consumer Retailing industry in Belgium . Consensus price target down from €45.12 to €40.08. Share price fell 5.7% to €37.70 over the past week.