ENXTAM:AD

Stock Analysis Report

Executive Summary

Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Koninklijke Ahold Delhaize's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

AD

-0.6%

NL Consumer Retailing

-0.06%

NL Market


1 Year Return

12.0%

AD

8.0%

NL Consumer Retailing

9.2%

NL Market

Return vs Industry: AD exceeded the Dutch Consumer Retailing industry which returned 8% over the past year.

Return vs Market: AD exceeded the Dutch Market which returned 9.2% over the past year.


Shareholder returns

ADIndustryMarket
7 Day-1.3%-0.6%-0.06%
30 Day1.0%-2.0%-0.6%
90 Day11.2%2.5%-2.4%
1 Year17.2%12.0%12.4%8.0%14.0%9.2%
3 Year22.8%10.3%2.5%-7.4%40.7%25.0%
5 Year104.4%63.7%25.9%6.5%67.1%33.2%

Price Volatility Vs. Market

How volatile is Koninklijke Ahold Delhaize's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Koninklijke Ahold Delhaize undervalued compared to its fair value and its price relative to the market?

43.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AD (€22.74) is trading below our estimate of fair value (€40.55)

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


Price To Earnings Ratio

PE vs Industry: AD is good value based on its PE Ratio (14.6x) compared to the Consumer Retailing industry average (18.6x).

PE vs Market: AD is good value based on its PE Ratio (14.6x) compared to the Dutch market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: AD is poor value based on its PEG Ratio (5.8x)


Price to Book Ratio

PB vs Industry: AD is overvalued based on its PB Ratio (1.8x) compared to the XE Consumer Retailing industry average (1.7x).


Next Steps

Future Growth

How is Koninklijke Ahold Delhaize forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AD's forecast earnings growth (2.5% per year) is above the savings rate (0.4%).

Earnings vs Market: AD's earnings (2.5% per year) are forecast to grow slower than the Dutch market (12.1% per year).

High Growth Earnings: AD's earnings are forecast to grow, but not significantly.

Revenue vs Market: AD's revenue (2.9% per year) is forecast to grow slower than the Dutch market (6.1% per year).

High Growth Revenue: AD's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AD's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has Koninklijke Ahold Delhaize performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AD's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: AD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AD had negative earnings growth (-7.7%) over the past year, making it difficult to compare to the Consumer Retailing industry average (0.4%).


Return on Equity

High ROE: AD's Return on Equity (13%) is considered low.


Return on Assets

ROA vs Industry: AD has a higher Return on Assets than the Consumer Retailing industry average last year.


Return on Capital Employed

ROCE Improving: AD's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Koninklijke Ahold Delhaize's financial position?


Financial Position Analysis

Short Term Liabilities: AD's short term assets (€9.0B) do not cover its short term liabilities (€12.0B)

Long Term Liabilities: AD's short term assets (9.0B) do not cover its long term liabilities (14.5B)


Debt to Equity History and Analysis

Debt Level: AD's debt to equity ratio (44.3%) is considered high

Reducing Debt: AD's debt to equity ratio has increased from 42.2% to 44.3% over the past 5 years.

Debt Coverage: AD's debt is well covered by operating cash flow (67.9%).

Interest Coverage: AD's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet

Inventory Level: AD has a high level of physical assets or inventory.

Debt Coverage by Assets: AD's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is Koninklijke Ahold Delhaize's current dividend yield, its reliability and sustainability?

3.08%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%2.2%markettop25%5.9%industryaverage3.6%forecastin3Years3.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AD's dividend (3.08%) is higher than the bottom 25% of dividend payers in the Dutch market (2.22%).

High Dividend: AD's dividend (3.08%) is low compared to the top 25% of dividend payers in the Dutch market (5.93%).

Stable Dividend: AD's dividends per share have been stable in the past 10 years.

Growing Dividend: AD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.9%), AD's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AD's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).


Next Steps

Management

What is the CEO of Koninklijke Ahold Delhaize's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Frans W. Muller (58yo)

1.3yrs

Tenure

€4,989,000

Compensation

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  ...


CEO Compensation Analysis

Compensation vs. Market: Frans W. has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Dutch market.

Compensation vs Earnings: Frans W.'s compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: AD's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: AD's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jan Ernst de Groot (56yo)

    Chief Legal Officer

    • Tenure: 3.3yrs
  • Jeff Carr (58yo)

    CFO & Member of Management Board

    • Tenure: 8.8yrs
    • Compensation: €2.86m
  • Ben Wishart (56yo)

    Global Chief Information Officer

    • Tenure: 6.3yrs
  • Frans W. Muller (58yo)

    President

    • Tenure: 1.3yrs
    • Compensation: €4.99m
  • Henk Jan Brinke

    Senior Vice President of Investor Relations

    • Tenure: 0yrs
  • Kevin Holt (61yo)

    CEO of Ahold Delhaize USA & Member of Management Board

    • Tenure: 3.3yrs
    • Compensation: €3.60m
  • Wouter Kolk (53yo)

    CEO of Ahold Delhaize Europe & Indonesia and Member of Management Board

    • Tenure: 1.5yrs
    • Compensation: €1.32m
  • Abbe Luersman (52yo)

    Chief Human Resources Officer

    • Tenure: 3.3yrs
  • Farhan Siddiqi (50yo)

    Chief Digital Officer

    • Tenure: 0.8yrs

Board Members

  • Jan H. Hommen (76yo)

    Chairman of Supervisory Board

    • Tenure: 1.5yrs
  • Ben Noteboom (61yo)

    Member of Supervisory Board

    • Tenure: 3.3yrs
  • D. Graafland (64yo)

    Member of Supervisory Board

    • Tenure: 3.3yrs
  • Jacques de Vaucleroy (58yo)

    Vice Chairman of Supervisory Board

    • Tenure: 3.3yrs
  • Mary Citrino (60yo)

    Member of Supervisory Board

    • Tenure: 3.3yrs
  • Bill McEwan (63yo)

    Vice Chairman of Supervisory Board

    • Tenure: 1.5yrs
  • Dominique Leroy (55yo)

    Member of Supervisory Board

    • Tenure: 3.3yrs
  • Katie Doyle (51yo)

    Member of Supervisory Board

    • Tenure: 0.5yrs
  • Peter Agnefjäll

    Member of Supervisory Board

    • Tenure: 0.5yrs

Company Information

Koninklijke Ahold Delhaize N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Koninklijke Ahold Delhaize N.V.
  • Ticker: AD
  • Exchange: ENXTAM
  • Founded: 1887
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: €24.829b
  • Shares outstanding: 1.09b
  • Website: https://www.aholddelhaize.com

Number of Employees


Location

  • Koninklijke Ahold Delhaize N.V.
  • Provincialeweg 11
  • Zaandam
  • Noord-Holland
  • 1506 MA
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AHT NBMV (Bolsa Mexicana de Valores)EUR0.01MXEURNo data
AHENXTAM (Euronext Amsterdam)EUR0.01NLEURNo data
AHBIT (Borsa Italiana)EUR0.01ITEURNo data
ADRN.YOTCPK (Pink Sheets LLC)SPON ADR EACH REP 1 ORD SHS (POST SPLIT)USUSDAug 1988
AHODDB (Deutsche Boerse AG)SPON ADR EACH REP 1 ORD SHS (POST SPLIT)DEEURAug 1988
ADBIT (Borsa Italiana)YesCommon SharesITEURMay 1993
AHOD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 1993
ADABATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURMay 1993
AD NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNMay 1993
ADWBAG (Wiener Boerse AG)YesCommon SharesATEURMay 1993
AHOGDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 1993
ADENXTAM (Euronext Amsterdam)YesCommon SharesNLEURMay 1993
0RI8LSE (London Stock Exchange)YesCommon SharesGBEURMay 1993

Biography

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 c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:45
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/30


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.