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 3.4% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 14% per year, which means it is well ahead of earnings. Announcement • 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. Announcement • 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 released: EPS: €2.71 (vs €8.50 in FY 2024) 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 is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in the United Kingdom. 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. 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 €34.96, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.88 per share. Buy Or Sell Opportunity • Jan 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €35.53. The fair value is estimated to be €45.04, 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 8.7% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Reported Earnings • Dec 14
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 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 The stock has been flat over the last 90 days, currently trading at €47.41. The fair value is estimated to be €39.05, 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 released: EPS: €8.50 (vs €1.64 in FY 2023) 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 is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 • Jun 13
Now 22% undervalued Over the last 90 days, the stock has risen 5.3% to €45.21. The fair value is estimated to be €58.31, 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 grown by 18%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are forecast to decline by 34% per annum over the same time period. Buy Or Sell Opportunity • Apr 22
Now 21% overvalued Over the last 90 days, the stock has fallen 5.1% to €41.45. The fair value is estimated to be €34.25, 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 8.8% in 2 years. Earnings are forecast to decline by 65% in the next 2 years. Announcement • 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 British dividend payers (5.9%). Lower than average of industry peers (3.7%). Buying Opportunity • Dec 12
Now 20% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be €49.45, 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. Announcement • 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 2.2% 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: 2.2%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (4.2%). Announcement • Jul 29
Etn. Fr. Colruyt NV, Annual General Meeting, Sep 25, 2024 Etn. Fr. Colruyt NV, Annual General Meeting, Sep 25, 2024. Announcement • 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 Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: €1.40 (vs €2.17 in FY 2022) 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 is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Consumer Retailing industry in the United Kingdom. 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 13% per year, which means it has not declined as severely as earnings. 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 €29.85, 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 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.66 per share. Buying Opportunity • Mar 23
Now 22% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be €34.57, 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. Announcement • 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. 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 25% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be €27.07, 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%. Buying Opportunity • Nov 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.4%. The fair value is estimated to be €32.23, 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. Buying Opportunity • Sep 29
Now 3.3% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €22.98, 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. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 24% share price decline to €22.22, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.98 per share. 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: 3.7%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.2%). 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 €33.97, 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. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €28.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €48.70 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. Reported Earnings • Dec 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: €1.21 (down from €1.81 in 1H 2021). Revenue: €4.98b (flat on 1H 2021). Net income: €161.4m (down 34% from 1H 2021). Profit margin: 3.2% (down from 4.9% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.5%, compared to a 5.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 24
Upcoming dividend of €1.03 per share Eligible shareholders must have bought the stock before 01 October 2021. Payment date: 05 October 2021. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (4.7%). Reported Earnings • Aug 03
Full year 2021 earnings released: EPS €3.07 (vs €3.14 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: €9.93b (up 3.6% from FY 2020). Net income: €415.3m (down 3.6% from FY 2020). Profit margin: 4.2% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 18
Full year 2021 earnings released: EPS €3.06 (vs €3.14 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: €9.93b (up 3.6% from FY 2020). Net income: €415.3m (down 3.6% from FY 2020). Profit margin: 4.2% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 29
New 90-day high: €51.74 The company is up 1.0% from its price of €51.46 on 30 October 2020. The British market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.24 per share. Is New 90 Day High Low • Dec 23
New 90-day low: €48.49 The company is down 14% from its price of €56.10 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.47 per share. Reported Earnings • Dec 18
First half 2021 earnings released: EPS €1.81 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €4.99b (up 5.7% from 1H 2020). Net income: €245.7m (up 27% from 1H 2020). Profit margin: 4.9% (up from 4.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Analyst Estimate Surprise Post Earnings • Dec 18
Revenue beats expectations Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 1.6% compared to a 2.0% decline forecast for the Consumer Retailing industry in the United Kingdom. Is New 90 Day High Low • Nov 10
New 90-day low: €48.71 The company is down 4.0% from its price of €50.70 on 12 August 2020. The British market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.15 per share. Upcoming Dividend • Sep 25
Upcoming Dividend of €0.94 Per Share Will be paid on the 6th of October to those who are registered shareholders by the 2nd of October. The trailing yield of 2.4% is below the top quartile of British dividend payers (5.2%), and is lower than industry peers (3.6%). Is New 90 Day High Low • Sep 19
New 90-day high: €54.56 The company is up 10.0% from its price of €49.69 on 19 June 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.96 per share. 
