Upcoming Dividend • May 08
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Dutch dividend payers (5.0%). Higher than average of industry peers (3.5%). Announcement • Apr 17
Sligro Food Group N.V., Annual General Meeting, May 13, 2026 Sligro Food Group N.V., Annual General Meeting, May 13, 2026. Reported Earnings • Apr 09
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €0.68 (up from €0.54 in FY 2024). Revenue: €2.67b (down 7.7% from FY 2024). Net income: €30.0m (up 25% from FY 2024). Profit margin: 1.1% (up from 0.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 06
Price target increased by 12% to €14.70 Up from €13.08, the current price target is an average from 4 analysts. New target price is 8.9% above last closing price of €13.50. Stock is up 26% over the past year. The company is forecast to post earnings per share of €1.02 for next year compared to €0.68 last year. Buy Or Sell Opportunity • Mar 03
Now 22% undervalued Over the last 90 days, the stock has risen 43% to €13.74. The fair value is estimated to be €17.67, 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 9.1%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Feb 10
Sligro Food Group N.V. (ENXTAM:SLIGR) commences an Equity Buyback Plan for 4,401,681.5 shares, representing 10% of its issued share capital, under the authorization approved on May 14, 2025. Sligro Food Group N.V. (ENXTAM:SLIGR) commences share repurchases on February 6, 2026, under the program mandated by shareholders in the Annual General Meeting held on May 14, 2025. As per the mandate, the company is authorized to repurchase up to 4,401,682 shares, representing 10% of its issued share capital. Maximum price to be paid for repurchase should be no more than 10% above the market price at the time of the transaction. The authorization will be valid till November 14, 2026. As of May 14, 2025, the company had 44,255,015 issued shares including 238,200 treasury shares.
On February 5, 2026, the company announced a share repurchase program. Under the program, the company will repurchase up to 2,212,750 shares, representing 5% of its issued share capital for €26 million. The company intends to cancel the repurchased shares. Price Target Changed • Feb 09
Price target increased by 11% to €13.08 Up from €11.75, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of €13.56. Stock is up 26% over the past year. The company is forecast to post earnings per share of €1.03 for next year compared to €0.68 last year. Reported Earnings • Feb 08
Full year 2025 earnings released: EPS: €0.68 (vs €0.54 in FY 2024) Full year 2025 results: EPS: €0.68 (up from €0.54 in FY 2024). Revenue: €2.67b (down 7.7% from FY 2024). Net income: €30.0m (up 25% from FY 2024). Profit margin: 1.1% (up from 0.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 06
Sligro Food Group N.V. to Report First Half, 2026 Results on Jul 23, 2026 Sligro Food Group N.V. announced that they will report first half, 2026 results on Jul 23, 2026 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €12.08, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Retailing industry in Europe. Total loss to shareholders of 18% over the past three years. Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.887 to €0.71 per share. Revenue forecast steady at €2.69b. Net income forecast to grow 46% next year vs 25% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target down from €14.67 to €12.50. Share price fell 6.8% to €9.75 over the past week. Price Target Changed • Oct 17
Price target decreased by 7.8% to €13.83 Down from €15.00, the current price target is an average from 3 analysts. New target price is 35% above last closing price of €10.22. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.75 for next year compared to €0.54 last year. Upcoming Dividend • Sep 12
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 06 October 2025. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Dutch dividend payers (5.4%). In line with average of industry peers (3.6%). Major Estimate Revision • Aug 05
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.06 to €0.887 per share. Revenue forecast steady at €2.71b. Net income forecast to grow 78% next year vs 25% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target down from €15.00 to €14.67. Share price fell 2.5% to €10.90 over the past week. Reported Earnings • Jul 22
First half 2025 earnings released: EPS: €0.03 (vs €0.02 loss in 1H 2024) First half 2025 results: EPS: €0.03 (up from €0.02 loss in 1H 2024). Revenue: €1.28b (down 8.5% from 1H 2024). Net income: €2.00m (up €3.00m from 1H 2024). Profit margin: 0.2% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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. Share price has been volatile over the past 3 months (5.7% average weekly change). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €14.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Consumer Retailing industry in Europe. Total loss to shareholders of 22% over the past three years. Price Target Changed • May 20
Price target increased by 15% to €15.33 Up from €13.38, the current price target is an average from 3 analysts. New target price is 13% above last closing price of €13.52. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €0.54 last year. Upcoming Dividend • May 09
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Dutch dividend payers (5.7%). In line with average of industry peers (3.6%). Reported Earnings • Mar 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.54 (up from €0.14 in FY 2023). Revenue: €2.89b (up 1.1% from FY 2023). Net income: €24.0m (up 300% from FY 2023). Profit margin: 0.8% (up from 0.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Mar 28
Sligro Food Group N.V., Annual General Meeting, May 14, 2025 Sligro Food Group N.V., Annual General Meeting, May 14, 2025. Announcement • Mar 27
Sligro Food Group N.V. to Report First Half, 2025 Results on Jul 17, 2025 Sligro Food Group N.V. announced that they will report first half, 2025 results on Jul 17, 2025 Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.745 to €0.56 per share. Revenue forecast steady at €2.89b. Net income forecast to grow 932% next year vs 16% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target down from €17.33 to €13.50. Share price fell 3.9% to €11.46 over the past week. Announcement • Oct 18
Sligro Food Group N.V. to Report Fiscal Year 2024 Results on Mar 27, 2025 Sligro Food Group N.V. announced that they will report fiscal year 2024 results on Mar 27, 2025 Upcoming Dividend • Sep 13
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 07 October 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.7%. Lower than top quartile of Dutch dividend payers (6.0%). Higher than average of industry peers (3.9%). Major Estimate Revision • Jul 25
Consensus EPS estimates fall by 37% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.91 to €0.57 per share. Revenue forecast steady at €2.91b. Net income forecast to grow 1,066% next year vs 22% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target down from €18.83 to €17.33. Share price fell 3.2% to €12.12 over the past week. Price Target Changed • Jul 22
Price target decreased by 8.0% to €17.33 Down from €18.83, the current price target is an average from 3 analysts. New target price is 38% above last closing price of €12.56. Stock is down 25% over the past year. The company is forecast to post earnings per share of €0.57 for next year compared to €0.14 last year. Reported Earnings • Jul 21
First half 2024 earnings released First half 2024 results: €0.02 loss per share. Revenue: €1.39b (flat on 1H 2023). Net loss: €1.00m (down 200% from profit in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. Price Target Changed • Jul 18
Price target decreased by 9.2% to €18.00 Down from €19.83, the current price target is an average from 3 analysts. New target price is 40% above last closing price of €12.90. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.91 for next year compared to €0.14 last year. Price Target Changed • Jul 10
Price target decreased by 7.4% to €18.83 Down from €20.33, the current price target is an average from 3 analysts. New target price is 46% above last closing price of €12.90. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.91 for next year compared to €0.14 last year. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €3.02b to €2.92b. EPS estimate also fell from €1.05 per share to €0.945 per share. Net income forecast to grow 644% next year vs 21% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target of €19.83 unchanged from last update. Share price was steady at €14.08 over the past week. Reported Earnings • Feb 11
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: €0.14 (down from €0.88 in FY 2022). Revenue: €2.86b (up 15% from FY 2022). Net income: €6.00m (down 85% from FY 2022). Profit margin: 0.2% (down from 1.6% in FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Price Target Changed • Feb 08
Price target decreased by 7.0% to €19.83 Down from €21.33, the current price target is an average from 3 analysts. New target price is 43% above last closing price of €13.84. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.45 for next year compared to €0.88 last year. Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 42% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.765 to €0.445. Revenue forecast unchanged from €2.79b at last update. Net income forecast to grow 86% next year vs 23% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target down from €21.33 to €20.33. Share price fell 3.9% to €14.40 over the past week. Price Target Changed • Jan 31
Price target decreased by 9.6% to €20.33 Down from €22.50, the current price target is an average from 3 analysts. New target price is 38% above last closing price of €14.78. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.45 for next year compared to €0.88 last year. Announcement • Jan 06
Sligro Food Group N.V. to Report Fiscal Year 2023 Results on Feb 08, 2024 Sligro Food Group N.V. announced that they will report fiscal year 2023 results Pre-Market on Feb 08, 2024 Upcoming Dividend • Sep 13
Upcoming dividend of €0.30 per share at 3.1% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Dutch dividend payers (6.4%). Lower than average of industry peers (4.3%). Announcement • Jul 23
Sligro Food Group N.V. to Report First Half, 2023 Results on Jul 20, 2023 Sligro Food Group N.V. announced that they will report first half, 2023 results on Jul 20, 2023 New Risk • Jul 23
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: 0.6% Last year net profit margin: 2.1% 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 Dividend is not well covered by earnings (107% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Price Target Changed • Jul 20
Price target decreased by 7.4% to €20.83 Down from €22.50, the current price target is an average from 2 analysts. New target price is 23% above last closing price of €16.94. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.77 for next year compared to €0.88 last year. Upcoming Dividend • Mar 17
Upcoming dividend of €0.25 per share at 3.2% yield Eligible shareholders must have bought the stock before 24 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Dutch dividend payers (6.4%). Lower than average of industry peers (4.9%). Major Estimate Revision • Feb 12
Consensus EPS estimates fall by 40%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €2.72b to €2.84b. EPS estimate fell from €1.35 to €0.81 per share. Net income forecast to shrink 7.7% next year vs 14% growth forecast for Consumer Retailing industry in the Netherlands . Consensus price target up from €22.50 to €23.00. Share price was steady at €16.30 over the past week. Announcement • Feb 11
Sligro Food Group N.V., Annual General Meeting, Mar 27, 2024 Sligro Food Group N.V., Annual General Meeting, Mar 27, 2024, at 10:30 Central European Standard Time. Reported Earnings • Feb 06
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: €2.48b (up 31% from FY 2021). Net income: €39.0m (up 95% from FY 2021). Profit margin: 1.6% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Announcement • Jan 12
Sligro Food Group N.V., Annual General Meeting, Mar 22, 2023 Sligro Food Group N.V., Annual General Meeting, Mar 22, 2023, at 10:30 Central European Standard Time. Announcement • Oct 21
Sligro Food Group N.V. to Report Fiscal Year 2022 Results on Feb 02, 2023 Sligro Food Group N.V. announced that they will report fiscal year 2022 results on Feb 02, 2023 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €13.34, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Retailing industry in Europe. Total loss to shareholders of 48% over the past three years. Upcoming Dividend • Sep 14
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 03 October 2022. Trailing yield: 3.7%. Lower than top quartile of Dutch dividend payers (6.2%). Lower than average of industry peers (4.5%). Reported Earnings • Jul 22
First half 2022 earnings released: EPS: €0.53 (vs €0.09 loss in 1H 2021) First half 2022 results: EPS: €0.53 (up from €0.09 loss in 1H 2021). Revenue: €1.13b (up 43% from 1H 2021). Net income: €23.0m (up €27.0m from 1H 2021). Profit margin: 2.0% (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 11%, compared to a 7.3% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.95 to €1.09. Revenue forecast unchanged at €2.43b. Net income forecast to grow 140% next year vs 1.5% growth forecast for Consumer Retailing industry in the Netherlands. Consensus price target down from €25.17 to €24.33. Share price was steady at €19.32 over the past week. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €1.90b (down 2.5% from FY 2020). Net income: €20.0m (up €90.0m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 20%, compared to a 7.7% growth forecast for the retail industry in the Netherlands. Price Target Changed • Dec 24
Price target decreased to €23.33 Down from €25.33, the current price target is an average from 3 analysts. New target price is 23% above last closing price of €19.00. Stock is up 10% over the past year. The company is forecast to post earnings per share of €0.25 next year compared to a net loss per share of €1.59 last year. Is New 90 Day High Low • Feb 25
New 90-day high: €19.84 The company is up 11% from its price of €17.92 on 27 November 2020. The Dutch market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed 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 €105 per share. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 8.1%, compared to a 1.8% growth forecast for the Consumer Retailing industry in the Netherlands. Reported Earnings • Jan 30
Full year 2020 earnings released: €1.59 loss per share (vs €0.77 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.95b (down 19% from FY 2019). Net loss: €70.0m (down 306% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 07
New 90-day high: €18.30 The company is up 23% from its price of €14.86 on 09 October 2020. The Dutch market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.74 per share. Price Target Changed • Dec 01
Price target raised to €16.33 Up from €15.00, the current price target is an average from 3 analysts. The new target price is 9.5% below the current share price of €18.04. As of last close, the stock is down 23% over the past year. Major Estimate Revision • Dec 01
Analysts update estimates The 2020 consensus revenue estimate increased from €1.93b to €1.96b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -€1.62 to -€1.81. The Consumer Retailing industry in the Netherlands is expected to see an average net income growth of 24% next year. The consensus price target increased from €15.00 to €16.33. Share price is up 2.7% to €18.04 over the past week. Is New 90 Day High Low • Nov 16
New 90-day high: €16.48 The company is up 22% from its price of €13.48 on 18 August 2020. The Dutch market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.49 per share. Major Estimate Revision • Oct 30
Analysts update estimates The company's losses in 2020 are expected to worsen with analysts lowering their consensus EPS forecasts from -€0.84 to -€0.94. Revenue estimate was approximately flat at €2.00b. The Consumer Retailing industry in the Netherlands is expected to see an average net income growth of 26% next year. The consensus price target was lowered from €16.00 to €15.33. Share price is down by 13% to €12.28 over the past week. Is New 90 Day High Low • Oct 29
New 90-day low: €12.48 The company is down 6.0% from its price of €13.34 on 30 July 2020. The Dutch market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 €10.40 per share. Price Target Changed • Oct 29
Price target lowered to €15.33 Down from €16.67, the current price target is an average from 3 analysts. The new target price is 23% above the current share price of €12.48. As of last close, the stock is down 45% over the past year. Is New 90 Day High Low • Oct 13
New 90-day low: €13.08 The company is down 3.0% from its price of €13.42 on 15 July 2020. The Dutch market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.31 per share. 
