Jumbo Past Earnings Performance
Past criteria checks 3/6
Jumbo has been growing earnings at an average annual rate of 14.7%, while the Specialty Retail industry saw earnings growing at 18.9% annually. Revenues have been growing at an average rate of 11.3% per year. Jumbo's return on equity is 20.3%, and it has net margins of 26%.
Key information
14.74%
Earnings growth rate
14.90%
EPS growth rate
| Specialty Retail Industry Growth | 14.22% |
| Revenue growth rate | 11.26% |
| Return on equity | 20.32% |
| Net Margin | 25.98% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Narrative Update • May 12
BELA: 2026 Earnings Guidance And Margin Reset Will Support Bullish Case
Analysts have trimmed their price target for Jumbo slightly, reflecting a revised fair value of about €30.84 from roughly €31.36, based on updated inputs that include adjusted revenue growth, profit margin assumptions and a modestly higher future P/E multiple. What's in the News Jumbo issued earnings guidance for 2026, indicating expected sales growth of around 5% for the year (Key Developments).Narrative Update • Apr 28
BELA: Slightly Higher Discount Rate Will Still Support Bullish Outlook
Analysts have slightly reduced their price target on Jumbo to €31.36 from €31.99, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E that together point to a marginally lower fair value estimate. Valuation Changes Fair Value: Trimmed slightly to €31.36 from €31.99.Narrative Update • Apr 12
BELA: Steady Fair Value And Higher P/E Will Support Bullish Outlook
Analysts have kept Jumbo's fair value estimate steady at €31.99. A slightly higher discount rate and a marginally adjusted future P/E assumption support a refreshed price target narrative that reflects a more cautious risk outlook without changing the core valuation view.Narrative Update • Mar 28
BELA: Extraordinary Cash Distribution Will Support Bullish Long Term Thesis
Analysts have kept their fair value estimate for Jumbo broadly steady. This translates into a largely unchanged implied price target around €31.99, as refreshed assumptions for the discount rate, revenue growth, profit margin and future P/E remain closely aligned with prior views.Narrative Update • Mar 13
BELA: Upcoming Extraordinary Cash Distribution Will Support Bullish Long Term View
Analysts have raised their price target for Jumbo to €31.99 from €31.90, citing slightly adjusted fair value estimates, a marginally lower discount rate and small tweaks to revenue growth, profit margin and future P/E assumptions. What's in the News Jumbo has scheduled a Special and Extraordinary Shareholders Meeting for February 4, 2026, at 16:00 GTB Standard Time, to be held at the company headquarters in Moschato, Attica, Greece (Key Developments).Narrative Update • Feb 27
BELA: Upcoming Extraordinary Cash Distribution Will Support Bullish Long Term View
Analysts have trimmed their price target for Jumbo from €32.53 to €31.90, reflecting slightly adjusted assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Jumbo has called a Special and Extraordinary Shareholders Meeting for February 4, 2026, at 16:00 GTB Standard Time, to be held at its headquarters at 9, Cyprus & Hydras Street, Moschato, Attica, Greece (company event filing).Narrative Update • Feb 13
BELA: Upcoming Cash Distribution And Meeting Will Support Bullish Long Term View
Analysts have kept their Jumbo price target steady at €32.53, with only minor tweaks to inputs such as a slightly lower discount rate. This largely reflects unchanged expectations for revenue growth, profit margins and future P/E assumptions.Narrative Update • Jan 30
BELA: Upcoming Special Meeting Will Clarify Bullish Long Term Priorities
Analysts have trimmed their Jumbo price target slightly to €32.53 from about €32.94, citing updated assumptions that combine a small change in expected revenue growth and future P/E with a modest adjustment to profit margin and discount rate. What's in the News Jumbo has scheduled a Special and Extraordinary Shareholders Meeting for February 4, 2026, at 16:00 GTB Standard Time.Analysis Article • Jan 16
Estimating The Intrinsic Value Of Jumbo S.A. (ATH:BELA)
Key Insights Jumbo's estimated fair value is €29.17 based on 2 Stage Free Cash Flow to Equity Current share price of...Narrative Update • Jan 16
BELA: Special Shareholder Meeting Will Clarify Near Term Priorities
Analysts have trimmed their price target for Jumbo to A$32.94 from A$33.63, citing slightly higher discount rate assumptions and a lower future P/E multiple, partially offset by modestly stronger revenue growth and profit margin expectations. What's in the News Jumbo S.A. has scheduled a Special and Extraordinary Shareholders Meeting for February 4, 2026, at 16:00 GTB Standard Time.Analysis Article • Dec 27
Many Still Looking Away From Jumbo S.A. (ATH:BELA)
When close to half the companies in Greece have price-to-earnings ratios (or "P/E's") above 15x, you may consider Jumbo...Analysis Article • Nov 20
Investors Should Be Encouraged By Jumbo's (ATH:BELA) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Sep 27
Jumbo S.A.'s (ATH:BELA) Prospects Need A Boost To Lift Shares
With a price-to-earnings (or "P/E") ratio of 12.4x Jumbo S.A. ( ATH:BELA ) may be sending bullish signals at the...Analysis Article • Sep 27
The Jumbo S.A. (ATH:BELA) Half-Year Results Are Out And Analysts Have Published New Forecasts
Jumbo S.A. ( ATH:BELA ) shareholders are probably feeling a little disappointed, since its shares fell 9.2% to €29.10...Narrative Update • Sep 25
Store Expansion In Greece, Cyprus And Romania Will Boost Success
The consensus analyst price target for Jumbo has been revised down, primarily reflecting a lower projected future P/E multiple, with fair value now at €33.62. Valuation Changes Summary of Valuation Changes for Jumbo The Consensus Analyst Price Target has fallen slightly from €34.99 to €33.62.Analysis Article • Sep 09
Calculating The Intrinsic Value Of Jumbo S.A. (ATH:BELA)
Key Insights The projected fair value for Jumbo is €29.71 based on 2 Stage Free Cash Flow to Equity Jumbo's €31.34...Narrative Update • Sep 05
Store Expansion In Greece, Cyprus And Romania Will Boost Success
With no notable changes in either the discount rate or future P/E, the consensus analyst price target for Jumbo remains steady at €34.99. Valuation Changes Summary of Valuation Changes for Jumbo The Consensus Analyst Price Target remained effectively unchanged, at €34.99.Analysis Article • Aug 04
We Think Jumbo (ATH:BELA) Might Have The DNA Of A Multi-Bagger
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jun 02
Subdued Growth No Barrier To Jumbo S.A.'s (ATH:BELA) Price
With a median price-to-earnings (or "P/E") ratio of close to 13x in Greece, you could be forgiven for feeling...Analysis Article • May 01
Here's What Analysts Are Forecasting For Jumbo S.A. (ATH:BELA) After Its Annual Results
As you might know, Jumbo S.A. ( ATH:BELA ) recently reported its annual numbers. Jumbo reported in line with analyst...Analysis Article • Apr 30
Returns On Capital Are A Standout For Jumbo (ATH:BELA)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Apr 09
Here's Why We Think Jumbo (ATH:BELA) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Mar 14
Calculating The Intrinsic Value Of Jumbo S.A. (ATH:BELA)
Key Insights Jumbo's estimated fair value is €28.45 based on 2 Stage Free Cash Flow to Equity With €27.10 share price...
New Narrative • Feb 09
Upcoming Store Openings In Romania And Israel Will Broaden Market Presence
Store expansions and franchise agreements in various markets suggest increased revenue potential and growth opportunities.Analysis Article • Jan 02
If EPS Growth Is Important To You, Jumbo (ATH:BELA) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Dec 18
Jumbo S.A.'s (ATH:BELA) Business Is Trailing The Market But Its Shares Aren't
It's not a stretch to say that Jumbo S.A.'s ( ATH:BELA ) price-to-earnings (or "P/E") ratio of 10.9x right now seems...Analysis Article • Nov 27
Returns on Capital Paint A Bright Future For Jumbo (ATH:BELA)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 29
Jumbo S.A. (ATH:BELA) Half-Year Results: Here's What Analysts Are Forecasting For This Year
Investors in Jumbo S.A. ( ATH:BELA ) had a good week, as its shares rose 7.9% to close at €26.30 following the release...Analysis Article • Sep 24
Calculating The Intrinsic Value Of Jumbo S.A. (ATH:BELA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Jumbo fair value estimate is €29.03 Jumbo's €25.04 share price...Analysis Article • Aug 22
Why Investors Shouldn't Be Surprised By Jumbo S.A.'s (ATH:BELA) P/E
It's not a stretch to say that Jumbo S.A.'s ( ATH:BELA ) price-to-earnings (or "P/E") ratio of 10x right now seems...Analysis Article • Jun 10
Returns On Capital Are A Standout For Jumbo (ATH:BELA)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Analysis Article • May 23
Investors Still Waiting For A Pull Back In Jumbo S.A. (ATH:BELA)
There wouldn't be many who think Jumbo S.A.'s ( ATH:BELA ) price-to-earnings (or "P/E") ratio of 12.2x is worth a...Analysis Article • May 05
Does This Valuation Of Jumbo S.A. (ATH:BELA) Imply Investors Are Overpaying?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Jumbo fair value estimate is €23.88 Current share price of...Analysis Article • Apr 20
When Should You Buy Jumbo S.A. (ATH:BELA)?
Jumbo S.A. ( ATH:BELA ), is not the largest company out there, but it saw a double-digit share price rise of over 10...Analysis Article • Feb 21
Here's Why We Think Jumbo (ATH:BELA) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Feb 06
Returns on Capital Paint A Bright Future For Jumbo (ATH:BELA)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Analysis Article • Jan 24
Jumbo S.A.'s (ATH:BELA) Subdued P/E Might Signal An Opportunity
It's not a stretch to say that Jumbo S.A.'s ( ATH:BELA ) price-to-earnings (or "P/E") ratio of 13.2x right now seems...Analysis Article • Jan 11
What Is Jumbo S.A.'s (ATH:BELA) Share Price Doing?
Jumbo S.A. ( ATH:BELA ), is not the largest company out there, but it saw significant share price movement during...Analysis Article • Nov 06
Calculating The Fair Value Of Jumbo S.A. (ATH:BELA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Jumbo fair value estimate is €22.25 With €25.92 share price...Analysis Article • Oct 23
Jumbo (ATH:BELA) Is Investing Its Capital With Increasing Efficiency
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Oct 09
When Should You Buy Jumbo S.A. (ATH:BELA)?
Jumbo S.A. ( ATH:BELA ), might not be a large cap stock, but it saw significant share price movement during recent...Analysis Article • Sep 24
Here's Why Jumbo (ATH:BELA) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jul 11
Why Jumbo S.A. (ATH:BELA) Could Be Worth Watching
Jumbo S.A. ( ATH:BELA ), is not the largest company out there, but it saw a significant share price rise of over 20% in...Analysis Article • Jun 25
Does Jumbo (ATH:BELA) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jun 12
Investors Met With Slowing Returns on Capital At Jumbo (ATH:BELA)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Apr 13
We Think Jumbo (ATH:BELA) Can Manage Its Debt With Ease
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Mar 14
At €21.14, Is It Time To Put Jumbo S.A. (ATH:BELA) On Your Watch List?
Jumbo S.A. ( ATH:BELA ), is not the largest company out there, but it led the ATSE gainers with a relatively large...Analysis Article • Jan 12
We Like These Underlying Return On Capital Trends At Jumbo (ATH:BELA)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Analysis Article • Nov 17
Jumbo (ATH:BELA) Seems To Use Debt Rather Sparingly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 01
Is There Now An Opportunity In Jumbo S.A. (ATH:BELA)?
Jumbo S.A. ( ATH:BELA ), is not the largest company out there, but it saw significant share price movement during...Analysis Article • Oct 12
Jumbo S.A.'s (ATH:BELA) Intrinsic Value Is Potentially 22% Below Its Share Price
How far off is Jumbo S.A. ( ATH:BELA ) from its intrinsic value? Using the most recent financial data, we'll take a...Analysis Article • Jul 23
At €14.94, Is Jumbo S.A. (ATH:BELA) Worth Looking At Closely?
Jumbo S.A. ( ATH:BELA ), might not be a large cap stock, but it saw a decent share price growth in the teens level on...Analysis Article • Jul 02
Returns At Jumbo (ATH:BELA) Appear To Be Weighed Down
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Analysis Article • May 25
Jumbo S.A.'s (ATH:BELA) Intrinsic Value Is Potentially 18% Below Its Share Price
How far off is Jumbo S.A. ( ATH:BELA ) from its intrinsic value? Using the most recent financial data, we'll take a...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Jumbo makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 1,233 | 320 | 287 | 0 |
| 30 Sep 25 | 1,210 | 318 | 279 | 0 |
| 30 Jun 25 | 1,187 | 316 | 272 | 0 |
| 31 Mar 25 | 1,168 | 318 | 269 | 0 |
| 31 Dec 24 | 1,150 | 320 | 267 | 0 |
| 30 Sep 24 | 1,133 | 319 | 262 | 0 |
| 30 Jun 24 | 1,117 | 318 | 256 | 0 |
| 31 Mar 24 | 1,099 | 311 | 248 | 0 |
| 31 Dec 23 | 1,081 | 303 | 240 | 0 |
| 30 Sep 23 | 1,051 | 290 | 238 | 0 |
| 30 Jun 23 | 1,020 | 276 | 235 | 0 |
| 31 Mar 23 | 985 | 263 | 233 | 0 |
| 31 Dec 22 | 949 | 249 | 230 | 0 |
| 30 Sep 22 | 911 | 238 | 220 | 0 |
| 30 Jun 22 | 872 | 228 | 210 | 0 |
| 31 Mar 22 | 852 | 222 | 202 | 0 |
| 31 Dec 21 | 832 | 217 | 193 | 0 |
| 30 Sep 21 | 780 | 186 | 189 | 0 |
| 30 Jun 21 | 729 | 156 | 185 | 0 |
| 31 Mar 21 | 712 | 147 | 186 | 0 |
| 31 Dec 20 | 694 | 139 | 187 | 0 |
| 30 Jun 20 | 791 | 163 | 202 | 0 |
| 31 Mar 20 | 820 | 170 | 206 | 0 |
| 31 Dec 19 | 848 | 178 | 209 | 0 |
| 30 Jun 19 | 812 | 163 | 203 | 0 |
| 31 Mar 19 | 800 | 161 | 202 | 0 |
| 31 Dec 18 | 787 | 159 | 202 | 0 |
| 30 Sep 18 | 770 | 155 | 197 | 0 |
| 30 Jun 18 | 753 | 151 | 190 | 0 |
| 31 Mar 18 | 738 | 146 | 185 | 0 |
| 31 Dec 17 | 722 | 140 | 181 | 0 |
| 30 Sep 17 | 702 | 136 | 179 | 0 |
| 30 Jun 17 | 681 | 131 | 176 | 0 |
| 31 Mar 17 | 675 | 131 | 175 | 0 |
| 31 Dec 16 | 668 | 130 | 173 | 0 |
| 30 Sep 16 | 686 | 140 | 173 | 0 |
| 30 Jun 16 | 638 | 121 | 169 | 0 |
| 31 Mar 16 | 641 | 127 | 163 | 0 |
| 31 Dec 15 | 613 | 115 | 169 | 0 |
| 30 Sep 15 | 590 | 107 | 166 | 0 |
| 30 Jun 15 | 583 | 105 | 164 | 0 |
Quality Earnings: BELA has high quality earnings.
Growing Profit Margin: BELA's current net profit margins (26%) are lower than last year (27.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BELA's earnings have grown by 14.7% per year over the past 5 years.
Accelerating Growth: BELA's earnings growth over the past year (0.07%) is below its 5-year average (14.7% per year).
Earnings vs Industry: BELA earnings growth over the past year (0.07%) did not outperform the Specialty Retail industry 12%.
Return on Equity
High ROE: BELA's Return on Equity (20.3%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 17:07 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Jumbo S.A. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Constantinos Zouzoulas | Axia Ventures Group Ltd |
| Ilya Ogorodnikov | BofA Global Research |
| Tore Luca Fangmann | BofA Global Research |