Jerónimo Martins, SGPS, S.A.

LSE:0EXG Stock Report

Market Cap: €11.5b

Jerónimo Martins SGPS Valuation

Is 0EXG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0EXG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0EXG (€18.04) is trading below our estimate of fair value (€53.12)

Significantly Below Fair Value: 0EXG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0EXG?

Key metric: As 0EXG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0EXG. This is calculated by dividing 0EXG's market cap by their current earnings.
What is 0EXG's PE Ratio?
PE Ratio17.9x
Earnings€638.00m
Market Cap€11.46b

Price to Earnings Ratio vs Peers

How does 0EXG's PE Ratio compare to its peers?

The above table shows the PE ratio for 0EXG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
MKS Marks and Spencer Group
15.2x9.3%UK£7.7b
SBRY J Sainsbury
35.9x20.6%UK£6.3b
TSCO Tesco
13x1.5%UK£24.6b
CBOX Cake Box Holdings
15.6xn/aUK£77.0m
0EXG Jerónimo Martins SGPS
17.9x11.2%€11.4b

Price-To-Earnings vs Peers: 0EXG is good value based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (19.9x).

Price to Earnings Ratio vs Industry

How does 0EXG's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0EXG 17.9xIndustry Avg. 14.7xNo. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0EXG is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the European Consumer Retailing industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0EXG'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.

0EXG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.9x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: 0EXG is good value based on its Price-To-Earnings Ratio (17.9x) compared to the estimated Fair Price-To-Earnings Ratio (22x).

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 0EXG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.16
€21.13
+16.4%
13.6%€26.00€15.00n/a22
Dec ’25€18.39
€21.33
+16.0%
13.7%€26.00€15.00n/a22
Nov ’25€18.21
€21.18
+16.3%
13.9%€26.00€15.00n/a22
Oct ’25€17.68
€22.20
+25.5%
13.2%€27.50€16.00n/a22
Sep ’25€16.78
€22.33
+33.1%
13.4%€27.50€16.00n/a22
Aug ’25€16.19
€22.54
+39.2%
13.0%€27.50€16.00n/a22
Jul ’25€18.96
€23.59
+24.4%
11.4%€28.20€18.50n/a22
Jun ’25€20.22
€23.59
+16.7%
11.4%€28.20€18.50n/a22
May ’25€19.38
€23.73
+22.4%
12.0%€28.60€18.50n/a22
Apr ’25€18.38
€24.53
+33.5%
11.1%€29.00€18.50n/a21
Mar ’25€21.77
€25.37
+16.5%
12.4%€32.50€18.00n/a21
Feb ’25€21.34
€25.12
+17.7%
13.0%€32.50€18.00n/a20
Jan ’25€23.03
€25.37
+10.1%
12.3%€32.50€18.00n/a20
Dec ’24€22.69
€25.22
+11.1%
12.6%€32.50€18.00€18.3920
Nov ’24€21.93
€25.03
+14.1%
12.6%€32.50€18.00€18.2120
Oct ’24€21.32
€24.94
+17.0%
14.5%€32.50€17.50€17.6820
Sep ’24€23.17
€25.43
+9.7%
14.1%€32.50€17.50€16.7820
Aug ’24€24.52
€25.43
+3.7%
14.1%€32.50€17.50€16.1920
Jul ’24€25.25
€23.36
-7.5%
11.8%€28.50€17.50€18.9620
Jun ’24€23.00
€23.07
+0.3%
11.8%€28.50€17.50€20.2220
May ’24€22.90
€22.87
-0.1%
10.3%€26.50€17.50€19.3821
Apr ’24€21.44
€22.94
+7.0%
8.7%€26.50€18.00€18.3820
Mar ’24€19.46
€22.85
+17.4%
9.1%€26.50€18.00€21.7720
Feb ’24€19.49
€22.71
+16.5%
9.1%€26.50€18.00€21.3420
Jan ’24€20.34
€22.79
+12.1%
7.6%€26.50€19.00€23.0321
Dec ’23€21.50
€22.31
+3.7%
9.9%€26.50€16.00€22.6922

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 20:12
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Jerónimo Martins, SGPS, S.A. is covered by 57 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nishant ChoudharyAlphaValue
Bruno SilvaBanco BPI, S.A.
José RitoBanco BPI, S.A.