Jerónimo Martins, SGPS, S.A.

BRSE:JEM Stock Report

Market Cap: CHF 10.3b

Jerónimo Martins SGPS Valuation

Is JEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of JEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: JEM (CHF16.18) is trading below our estimate of future cash flow value (CHF33.04)

Significantly Below Future Cash Flow Value: JEM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JEM?

Key metric: As JEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JEM. This is calculated by dividing JEM's market cap by their current earnings.
What is JEM's PE Ratio?
PE Ratio17.5x
Earnings€638.00m
Market Cap€11.16b

Price to Earnings Ratio vs Peers

How does JEM's PE Ratio compare to its peers?

The above table shows the PE ratio for JEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
VILN Villars Holding
22.2xn/aCHF 62.1m
CPALL CP ALL
13.9x7.10%฿405.5b
MRU Metro
19.9x3.33%CA$19.6b
MKS Marks and Spencer Group
29.8x16.33%UK£7.7b
JEM Jerónimo Martins SGPS
17.5x13.59%CHF 11.2b

Price-To-Earnings vs Peers: JEM is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (21.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does JEM's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JEM 17.5xIndustry Avg. 18.5xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JEM is good value based on its Price-To-Earnings Ratio (17.5x) compared to the European Consumer Retailing industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is JEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JEM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 16.18
CHF 22.84
+41.15%
8.48%CHF 26.73CHF 18.44n/a20
Jun ’27n/a
CHF 22.66
0%
8.48%CHF 26.52CHF 18.29n/a20
May ’27n/a
CHF 22.89
0%
8.48%CHF 26.78CHF 18.47n/a20
Apr ’27n/a
CHF 22.94
0%
7.89%CHF 26.69CHF 19.33n/a20
Mar ’27n/a
CHF 22.77
0%
8.18%CHF 26.49CHF 19.18n/a20
Feb ’27n/a
CHF 22.99
0%
7.98%CHF 26.59CHF 19.25n/a20
Jan ’27n/a
CHF 23.80
0%
7.81%CHF 26.99CHF 19.54n/a19
Dec ’26n/a
CHF 23.95
0%
7.36%CHF 27.10CHF 20.56n/a19
Nov ’26n/a
CHF 23.52
0%
7.63%CHF 26.90CHF 20.41n/a19
Oct ’26n/a
CHF 23.51
0%
7.28%CHF 27.12CHF 20.57n/a19
Sep ’26n/a
CHF 23.50
0%
7.41%CHF 27.19CHF 20.63n/a19
Aug ’26n/a
CHF 23.50
0%
7.21%CHF 27.04CHF 20.51n/a20
Jul ’26n/a
CHF 22.57
0%
7.33%CHF 25.22CHF 19.34n/a21
Jun ’26n/a
CHF 22.01
0%
9.02%CHF 25.22CHF 18.68n/a22
May ’26n/a
CHF 20.66
0%
11.25%CHF 24.33CHF 14.50n/a22
Apr ’26n/a
CHF 20.88
0%
11.06%CHF 24.73CHF 14.74n/a22
Mar ’26n/a
CHF 20.23
0%
11.41%CHF 24.34CHF 14.51n/a22
Feb ’26n/a
CHF 20.38
0%
11.99%CHF 24.60CHF 14.67n/a22
Jan ’26n/a
CHF 19.79
0%
13.57%CHF 24.35CHF 14.05n/a22
Dec ’25n/a
CHF 19.87
0%
13.67%CHF 24.22CHF 13.98n/a22
Nov ’25n/a
CHF 19.98
0%
13.87%CHF 24.53CHF 14.15n/a22
Oct ’25n/a
CHF 20.79
0%
13.18%CHF 25.76CHF 14.99n/a22
Sep ’25n/a
CHF 21.19
0%
13.38%CHF 26.09CHF 15.18n/a22
Aug ’25n/a
CHF 21.62
0%
13.00%CHF 26.38CHF 15.35n/a22
Jul ’25n/a
CHF 22.87
0%
11.35%CHF 27.34CHF 17.94n/a22
Jun ’25n/a
CHF 23.30
0%
11.36%CHF 27.85CHF 18.27n/a22
CHF 22.57
Fair Value
28.3% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 09:54
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Jerónimo Martins, SGPS, S.A. is covered by 40 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jesús Gómez DominguezBanco Santander
Alejandro Conde FraisoliBanco Santander
James AnsteadBarclays