Koninklijke Ahold Delhaize
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Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe. The last earnings update was 50 days ago. More info.
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AD Share Price and Events
7 Day Returns
1 Year Returns
AD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Koninklijke Ahold Delhaize (AD) | -4.2% | -6.4% | -2.6% | 13.4% | - | - |
| Europe Consumer Retailing | -0.2% | 0% | 4.1% | 1.1% | -5.3% | -9% |
| AT Market | 3.4% | 6% | 10.1% | -2% | 43.4% | 29.5% |
1 Year Return vs Industry and Market
- AD outperformed the Consumer Retailing industry which returned 1.1% over the past year.
- AD outperformed the Market in Austria which returned -2% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Koninklijke Ahold Delhaize
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Koninklijke Ahold Delhaize.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 18 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 5.3% |
| Perpetual Growth Rate | 10-Year AT Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AT Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Retailing Unlevered Beta | Simply Wall St/ S&P Global | 0.47 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 25%) (26.9%)) |
0.705 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.8 * 5.96%) |
5.28% |
Discounted Cash Flow Calculation for WBAG:AD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Koninklijke Ahold Delhaize is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 5.28%) |
|
|---|---|---|---|
| 2019 | 1,877.52 | Analyst x5 | 1,783.39 |
| 2020 | 1,874.82 | Analyst x9 | 1,691.54 |
| 2021 | 1,886.02 | Analyst x4 | 1,616.34 |
| 2022 | 1,891.89 | Est @ 0.31% | 1,540.09 |
| 2023 | 1,898.91 | Est @ 0.37% | 1,468.30 |
| 2024 | 1,906.74 | Est @ 0.41% | 1,400.45 |
| 2025 | 1,915.17 | Est @ 0.44% | 1,336.11 |
| 2026 | 1,924.02 | Est @ 0.46% | 1,274.99 |
| 2027 | 1,933.19 | Est @ 0.48% | 1,216.85 |
| 2028 | 1,942.60 | Est @ 0.49% | 1,161.46 |
| Present value of next 10 years cash flows | €14,489.53 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €1,942.60 × (1 + 0.51%) ÷ (5.28% – 0.51%) |
€40,950.14 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €40,950.14 ÷ (1 + 5.28%)10 |
€24,483.82 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €14,489.53 + €24,483.82 |
€38,973.35 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €38,973.35 / 1,115.59 |
€34.94 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in WBAG:AD
represents 0.99932x
of
ENXTAM:AD
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.99932x |
| Value per Share (Listing Adjusted, EUR) |
= Value per Share (EUR) x Listing Adjustment Factor
= € 34.94 x 0.99932 |
€34.91 |
| Value per share (EUR) | From above. | €34.91 |
| Current discount | Discount to share price of
€22.02
= -1 x (€22.02 - €34.91) / €34.91 |
36.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Koninklijke Ahold Delhaize's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Koninklijke Ahold Delhaize's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Koninklijke Ahold Delhaize's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Koninklijke Ahold Delhaize's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-30) in EUR | €1.54 |
| ENXTAM:AD Share Price ** | ENXTAM (2019-04-18) in EUR | €22.04 |
| Europe Consumer Retailing Industry PE Ratio | Median Figure of 32 Publicly-Listed Consumer Retailing Companies | 19.26x |
| Austria Market PE Ratio | Median Figure of 51 Publicly-Listed Companies | 14.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Koninklijke Ahold Delhaize.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTAM:AD Share Price ÷ EPS (both in EUR) = 22.04 ÷ 1.54 |
14.32x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Koninklijke Ahold Delhaize is good value based on earnings compared to the Europe Consumer Retailing industry average.
- Koninklijke Ahold Delhaize is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does
Koninklijke Ahold Delhaize's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.32x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
1.9%per year |
| Europe Consumer Retailing Industry PEG Ratio | Median Figure of 24 Publicly-Listed Consumer Retailing Companies | 1.71x |
| Austria Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.32x ÷ 1.9% |
7.68x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Koninklijke Ahold Delhaize is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Koninklijke Ahold Delhaize's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-30) in EUR | €13.11 |
| ENXTAM:AD Share Price * | ENXTAM (2019-04-18) in EUR | €22.04 |
| Europe Consumer Retailing Industry PB Ratio | Median Figure of 41 Publicly-Listed Consumer Retailing Companies | 1.55x |
| Austria Market PB Ratio | Median Figure of 59 Publicly-Listed Companies | 1.27x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTAM:AD Share Price ÷ Book Value per Share (both in EUR) = 22.04 ÷ 13.11 |
1.68x |
* Primary Listing of Koninklijke Ahold Delhaize.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Koninklijke Ahold Delhaize is overvalued based on assets compared to the Europe Consumer Retailing industry average.
Value checks
We assess Koninklijke Ahold Delhaize's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check) Koninklijke Ahold Delhaize has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Koninklijke Ahold Delhaize's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Koninklijke Ahold Delhaize's earnings growth is positive but not above the Austria market average.
- Koninklijke Ahold Delhaize's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WBAG:AD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 1.9% |
| WBAG:AD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 3.4% |
| Europe Consumer Retailing Industry Earnings Growth Rate | Market Cap Weighted Average | 12.2% |
| Europe Consumer Retailing Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| Austria Market Earnings Growth Rate | Market Cap Weighted Average | 9% |
| Austria Market Revenue Growth Rate | Market Cap Weighted Average | 2.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 80,117 | 1 | ||
| 2022-12-31 | 76,466 | 2,011 | 1 | |
| 2021-12-31 | 68,959 | 4,233 | 1,911 | 14 |
| 2020-12-31 | 67,162 | 4,158 | 1,903 | 18 |
| 2019-12-31 | 65,535 | 4,077 | 1,889 | 17 |
| 2018-12-31 | 62,544 | 3,829 | 1,762 | 17 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-30 | 62,791 | 4,323 | 1,809 |
| 2018-09-30 | 62,007 | 4,283 | 2,036 |
| 2018-07-01 | 61,363 | 4,087 | 1,923 |
| 2018-04-01 | 61,953 | 3,839 | 1,868 |
| 2017-12-31 | 62,890 | 3,695 | 1,817 |
| 2017-10-01 | 63,486 | 3,746 | 1,252 |
| 2017-07-02 | 62,438 | 3,451 | 1,125 |
| 2017-04-02 | 55,955 | 3,069 | 980 |
| 2017-01-01 | 49,695 | 2,893 | 830 |
| 2016-10-02 | 43,122 | 2,160 | 906 |
| 2016-07-03 | 37,474 | 2,084 | 860 |
| 2016-04-24 | 36,524 | 2,154 | 845 |
| 2016-01-03 | 38,203 | 2,133 | 850 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from Koninklijke Ahold Delhaize Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 1.93 | 1.93 | 1.93 | 1.00 |
| 2021-12-31 | 1.83 | 2.31 | 1.62 | 8.00 |
| 2020-12-31 | 1.73 | 1.86 | 1.49 | 13.00 |
| 2019-12-31 | 1.67 | 1.74 | 1.57 | 12.00 |
| 2018-12-31 | 1.49 | 1.54 | 1.44 | 8.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-30 | 1.54 |
| 2018-09-30 | 1.70 |
| 2018-07-01 | 1.57 |
| 2018-04-01 | 1.51 |
| 2017-12-31 | 1.45 |
| 2017-10-01 | 0.99 |
| 2017-07-02 | 0.89 |
| 2017-04-02 | 0.86 |
| 2017-01-01 | 0.81 |
| 2016-10-02 | 1.01 |
| 2016-07-03 | 1.11 |
| 2016-04-24 | 1.09 |
| 2016-01-03 | 1.10 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Koninklijke Ahold Delhaize is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Koninklijke Ahold Delhaize's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Koninklijke Ahold Delhaize has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Koninklijke Ahold Delhaize performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Koninklijke Ahold Delhaize has delivered over 20% year on year earnings growth in the past 5 years.
- Koninklijke Ahold Delhaize's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Koninklijke Ahold Delhaize's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Retailing industry average.
Earnings and Revenue History
All data from Koninklijke Ahold Delhaize Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-30 | 62,791.00 | 1,809.00 | 14,417.00 | |
| 2018-09-30 | 62,007.00 | 2,036.00 | 14,090.00 | |
| 2018-07-01 | 61,363.00 | 1,923.00 | 13,935.00 | |
| 2018-04-01 | 61,953.00 | 1,868.00 | 14,100.00 | |
| 2017-12-31 | 62,890.00 | 1,817.00 | 14,364.00 | |
| 2017-10-01 | 63,486.00 | 1,252.00 | 14,432.00 | |
| 2017-07-02 | 62,438.00 | 1,125.00 | 14,297.00 | |
| 2017-04-02 | 55,955.00 | 980.00 | 12,862.00 | |
| 2017-01-01 | 49,695.00 | 830.00 | 11,501.00 | |
| 2016-10-02 | 43,122.00 | 906.00 | 10,155.00 | |
| 2016-07-03 | 37,474.00 | 860.00 | 8,824.00 | |
| 2016-04-24 | 36,524.00 | 845.00 | 8,575.00 | |
| 2016-01-03 | 38,203.00 | 850.00 | 8,978.00 | |
| 2015-10-04 | 36,478.00 | 816.00 | 8,602.00 | |
| 2015-07-12 | 35,510.00 | 804.00 | 8,267.00 | |
| 2015-04-19 | 34,242.00 | 767.00 | 7,913.00 | |
| 2014-12-28 | 32,774.00 | 791.00 | 7,440.00 | |
| 2014-10-05 | 32,185.00 | 795.00 | 7,164.00 | |
| 2014-07-13 | 32,044.00 | 783.00 | 7,168.00 | |
| 2014-04-20 | 32,362.00 | 829.00 | 7,197.00 | |
| 2013-12-29 | 32,615.00 | 805.00 | 7,384.00 | |
| 2013-10-06 | 32,819.00 | 788.00 | 7,412.00 | |
| 2013-07-14 | 33,086.00 | 809.00 | 7,413.00 | |
| 2013-04-21 | 33,040.00 | 823.00 | 7,365.00 | |
| 2012-12-30 | 32,682.00 | 869.00 | 7,168.00 | |
| 2012-10-07 | 32,296.00 | 935.00 | 7,087.00 | |
| 2012-07-14 | 31,554.00 | 1,003.00 | 6,888.00 | |
| 2012-04-22 | 30,736.00 | 991.00 | 6,706.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Koninklijke Ahold Delhaize has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Koninklijke Ahold Delhaize used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
- Koninklijke Ahold Delhaize's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Koninklijke Ahold Delhaize's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Koninklijke Ahold Delhaize has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Koninklijke Ahold Delhaize's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Koninklijke Ahold Delhaize's finances.
The net worth of a company is the difference between its assets and liabilities.
- Koninklijke Ahold Delhaize's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Koninklijke Ahold Delhaize's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Koninklijke Ahold Delhaize Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-30 | 14,816.00 | 6,612.00 | 3,498.00 |
| 2018-09-30 | 14,495.00 | 8,992.00 | 5,713.00 |
| 2018-07-01 | 14,621.00 | 7,985.00 | 4,861.00 |
| 2018-04-01 | 14,885.00 | 8,661.00 | 6,198.00 |
| 2017-12-31 | 15,170.00 | 7,251.00 | 4,739.00 |
| 2017-10-01 | 14,785.00 | 7,263.00 | 4,107.00 |
| 2017-07-02 | 14,971.00 | 6,807.00 | 3,475.00 |
| 2017-04-02 | 16,249.00 | 7,116.00 | 4,143.00 |
| 2017-01-01 | 16,276.00 | 7,560.00 | 4,340.00 |
| 2016-10-02 | 15,203.00 | 7,389.00 | 4,098.00 |
| 2016-07-03 | 4,489.00 | 3,391.00 | 2,696.00 |
| 2016-04-24 | 5,193.00 | 3,379.00 | 2,908.00 |
| 2016-01-03 | 5,621.00 | 3,502.00 | 2,344.00 |
| 2015-10-04 | 5,238.00 | 3,312.00 | 2,157.00 |
| 2015-07-12 | 4,993.00 | 1,510.00 | 1,963.00 |
| 2015-04-19 | 5,002.00 | 3,469.00 | 2,187.00 |
| 2014-12-28 | 4,844.00 | 3,197.00 | 1,870.00 |
| 2014-10-05 | 4,440.00 | 3,189.00 | 1,772.00 |
| 2014-07-13 | 4,440.00 | 3,027.00 | 2,025.00 |
| 2014-04-20 | 4,685.00 | 2,982.00 | 2,756.00 |
| 2013-12-29 | 6,520.00 | 3,021.00 | 3,948.00 |
| 2013-10-06 | 6,558.00 | 3,066.00 | 3,891.00 |
| 2013-07-14 | 6,753.00 | 3,155.00 | 4,018.00 |
| 2013-04-21 | 6,817.00 | 3,200.00 | 4,454.00 |
| 2012-12-30 | 5,146.00 | 3,246.00 | 1,886.00 |
| 2012-10-07 | 5,890.00 | 3,316.00 | 1,626.00 |
| 2012-07-14 | 5,930.00 | 3,630.00 | 1,840.00 |
| 2012-04-22 | 5,417.00 | 3,249.00 | 2,322.00 |
- Koninklijke Ahold Delhaize's level of debt (44.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (46.6% vs 44.6% today).
- Debt is well covered by operating cash flow (65.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
Financial health checks
We assess Koninklijke Ahold Delhaize's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Koninklijke Ahold Delhaize has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Koninklijke Ahold Delhaize's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Koninklijke Ahold Delhaize
shares you are expected to receive
€64
in your first year as a dividend.
Dividend Amount
- Koninklijke Ahold Delhaize's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
- Koninklijke Ahold Delhaize's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Europe Consumer Retailing Industry Average Dividend Yield | Market Cap Weighted Average of 34 Stocks | 3.7% |
| Austria Market Average Dividend Yield | Market Cap Weighted Average of 49 Stocks | 3.4% |
| Austria Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Austria Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Austria Top 25% Dividend Yield | 75th Percentile | 4.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.21 | 1.00 |
| 2022-12-31 | 1.12 | 1.00 |
| 2021-12-31 | 0.86 | 14.00 |
| 2020-12-31 | 0.83 | 19.00 |
| 2019-12-31 | 0.79 | 19.00 |
| 2018-12-31 | 0.73 | 20.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-10 | 0.700 | 3.125 |
| 2018-02-28 | 0.630 | 3.009 |
| 2016-03-03 | 0.553 | 2.794 |
| 2015-04-15 | 0.510 | 2.596 |
| 2014-03-04 | 0.541 | 3.570 |
| 2014-02-27 | 0.541 | 3.444 |
| 2013-03-07 | 0.507 | 3.496 |
| 2013-02-28 | 0.507 | 4.007 |
| 2012-03-06 | 0.460 | 4.017 |
| 2012-03-01 | 0.460 | 3.958 |
| 2011-04-20 | 0.334 | 3.100 |
| 2010-03-04 | 0.265 | 2.330 |
| 2009-04-29 | 0.207 | 2.082 |
| 2009-04-20 | 0.184 | 1.885 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Koninklijke Ahold Delhaize's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
Income/ dividend checks
We assess Koninklijke Ahold Delhaize's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Koninklijke Ahold Delhaize afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Koninklijke Ahold Delhaize has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €4,989,000 |
| AGE | 57 |
| TENURE AS CEO | 0.8 years |
CEO Bio
Mr. Frans W. H. Muller has been the Chief Executive Officer of Koninklijke Ahold Delhaize N.V. since July 1, 2018 and its Member of Management Board since July 24, 2016. Mr. Muller serves as a Chairman of Management Board of Koninklijke Ahold Delhaize N.V. He served as Deputy CEO and Chief Integration Officer of Koninklijke Ahold Delhaize N.V. since July 24, 2016. He was responsible for Delhaize America, including Food Lion and Hannaford, on an interim basis from October 2016 until January 2018. He served as Chief Integration Officer and Member of Management Board of Etablissements Delhaize Frères et Cie Le Lion (Groupe Delhaize) SA since July 24, 2016 and also served as its Chief Operating Officer of Delhaize America since October 12, 2016. Mr. Muller served as the Chief Executive Officer and President of Etablissements Delhaize Frères et Cie Le Lion (Groupe Delhaize) SA (also known as Delhaize Group) at Delhaize America, LLC since November 8, 2013. Mr. Muller served as the Chief Executive Officer of Metro Group. He has more than 15 years of senior leadership experience in retail. He served as a Member of Management Board at Metro Ag (also known as Metro Group) from August 1, 2006 to March 31, 2013 and served as its Chief Executive Officer of Metro Cash & Carry Asia/CIS/New Markets from April 2010 to March 31, 2013. Mr. Muller was responsible for Procurement, Logistics, Advertising and Dinea. He served as the Chief Executive Officer of Metro Group Buying from 2005 to 2008 and General Manager of Metro AG from September 2005 to July 2006. He served as Regional Director for Eastern Europe and Russia at Metro Cash&Carry International. From 2008 to March 2013, he served as Chief Executive Officer of Metro Cash & Carry. He served as Member of the Executive Board of Directors and President Asia Pacific and Russia/Ukraine of Metro Cash & Carry International GmbH, Dusseldorf from 2004 to 2005. He served as Member of the Executive Board of Directors and Chief Operating Officer for Eastern Europe and Russia of Metro Cash & Carry International GmbH, Dusseldorf from 2002 to 2004. Mr. Muller served as Operations Director and Managing Director of Makro Cash & Carry Nederland B.V., Diemen from 1997 to 2002. In 1988, he joined KLM Cargo where he served in various management and executive positions in Amsterdam, Frankfurt, Vienna, Singapore. Mr. Muller joined the German retailer Metro AG in 1997. He served in various management and executive positions at KLM Cargo in Amsterdam, Frankfurt, Vienna, Singapore and served as Regional Sales Director South East Asia and Australia from 1988 to 1997. He has been Chairman of Dinea Gastronomie GmbH since August 1, 2006 and Real Holding GmbH since September 12, 2006. He serves as Board Member of The Consumer Goods Forum and serves on the board of directors at the Food Marketing Institute Inc. He was appointed as board of directors of Vlerick Business School. Since 2002, he served as a board member of Metro Cash&Carry International. He has Membership in other statutory supervisory boards of German companies and also Membership in comparable German and foreign boards of business enterprises. He is the President of the European Retail Round Table (ERRT). He studied at High School, university education in business economics at Erasmus University, Rotterdam (The Netherlands) with Master of Business Economics.
CEO Compensation
- Frans W.'s compensation has been consistent with company performance over the past year.
- Insufficient data for Frans W. to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure
Average tenure and age of the Koninklijke Ahold Delhaize management team in years:
- The tenure for the Koninklijke Ahold Delhaize management team is about average.
Management Team
Frans W. Muller
President
€5M
57
0.8 yrs
Jeff Carr
CFO & Member of Management Board
€3M
57
2.8 yrs
Wouter Kolk
CEO of Ahold Delhaize Europe & Indonesia and Member of Management Board
€1M
52
1 yrs
Kevin Holt
CEO of Ahold Delhaize USA & Member of Management Board
€4M
60
2.8 yrs
Dick Boer
€9M
61
0.8 yrs
Ben Wishart
Global Chief Information Officer
55
5.8 yrs
Henk Jan Brinke
Senior Vice President of Investor Relations
Jan Ernst de Groot
Chief Legal Officer
55
2.8 yrs
Abbe Luersman
Chief Human Resources Officer
51
2.8 yrs
Farhan Siddiqi
Chief Digital Officer
49
0.3 yrs
Board of Directors Tenure
Average tenure and age of the Koninklijke Ahold Delhaize board of directors in years:
- The average tenure for the Koninklijke Ahold Delhaize board of directors is less than 3 years, this suggests a new board.
Board of Directors
Jan H. Hommen
Chairman of Supervisory Board
75
1 yrs
Jacques de Vaucleroy
Vice Chairman of Supervisory Board
57
2.8 yrs
Bill McEwan
Vice Chairman of Supervisory Board
62
1 yrs
D. René Graafland
Member of Supervisory Board
63
2.8 yrs
Ben Noteboom
Member of Supervisory Board
60
2.8 yrs
Mary Citrino
Member of Supervisory Board
59
2.8 yrs
Dominique Leroy
Member of Supervisory Board
54
2.8 yrs
Peter Agnefjäll
Member of Supervisory Board
Katie Doyle
Member of Supervisory Board
50
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Koninklijke Ahold Delhaize's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Koninklijke Ahold Delhaize has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe. The company’s store formats include supermarkets, convenience stores, compact hypermarkets, cash and carry, drugstores, hypermarkets, and wine and liquor stores. As of December 30, 2018, it operated 6,769 stores primarily under 19 brands serving approximately 50 million customers, as well as online. The company was formerly known as Koninklijke Ahold N.V. and changed its name to Koninklijke Ahold Delhaize N.V. in July 2016. Koninklijke Ahold Delhaize N.V. was founded in 1887 and is headquartered in Zaandam, the Netherlands.
Details
| Name: | Koninklijke Ahold Delhaize N.V. |
| AD | |
| Exchange: | WBAG |
| Founded: | 1887 |
| €24,581,960,404 | |
| 1,115,587,039 | |
| Website: | http://www.aholddelhaize.com |
| Address: |
Koninklijke Ahold Delhaize N.V. Provincialeweg 11, Zaandam, Noord-Holland, 1506 MA, Netherlands |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTAM | AD | Common Shares | Euronext Amsterdam | NL | EUR | 03. May 1993 | |
| OTCPK | AHOD.F | Common Shares | Pink Sheets LLC | US | USD | 03. May 1993 | |
| DB | AHOG | Common Shares | Deutsche Boerse AG | DE | EUR | 03. May 1993 | |
| LSE | 0RI8 | Common Shares | London Stock Exchange | GB | EUR | 03. May 1993 | |
| BIT | AD | Common Shares | Borsa Italiana | IT | EUR | 03. May 1993 | |
| WBAG | AD | Common Shares | Wiener Boerse AG | AT | EUR | 03. May 1993 | |
| BMV | AD N | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 03. May 1993 | |
| BATS-CHIXE | ADA | Common Shares | BATS 'Chi-X Europe' | GB | EUR | 03. May 1993 | |
| OTCPK | ADRN.Y | SPON ADR EACH REP 1 ORD SHS (POST SPLIT) | Pink Sheets LLC | US | USD | 12. Aug 1988 | |
| DB | AHOD | SPON ADR EACH REP 1 ORD SHS (POST SPLIT) | Deutsche Boerse AG | DE | EUR | 12. Aug 1988 | |
| BIT | AH | EUR0.01 | Borsa Italiana | IT | EUR | 18. Apr 2019 | |
| ENXTAM | AH | EUR0.01 | Euronext Amsterdam | NL | EUR | 18. Apr 2019 | |
| BMV | AHT N | EUR0.01 | Bolsa Mexicana de Valores | MX | EUR | 18. Apr 2019 |
Number of employees
Current staff
Industry
| Food Retail | |
| Consumer Retailing |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 22:15 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/30 |
| Last annual earnings reported: | 2018/12/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
