Jerónimo Martins SGPS Valuation
Is JMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 JMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: JMT (PLN83.1) is trading below our estimate of fair value (PLN139.18)
Significantly Below Fair Value: JMT is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for JMT?
Other financial metrics that can be useful for relative valuation.
| What is JMT's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €12.25b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | 8.4x |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does JMT's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 25.4x | ||
DNP Dino Polska | 27.6x | 17.7% | zł38.8b |
EUR Eurocash | 19.4x | 17.5% | zł1.9b |
CASY Casey's General Stores | 25.4x | 8.4% | US$12.0b |
CPALL CP ALL | 29x | 13.3% | ฿523.3b |
JMT Jerónimo Martins SGPS | 17.2x | 8.6% | zł12.3b |
Price-To-Earnings vs Peers: JMT is good value based on its Price-To-Earnings Ratio (17.2x) compared to the peer average (25x).
Price to Earnings Ratio vs Industry
How does JMT's PE Ratio compare vs other companies in the European Consumer Retailing Industry?
Price-To-Earnings vs Industry: JMT is expensive based on its Price-To-Earnings Ratio (17.2x) compared to the European Consumer Retailing industry average (15x).
Price to Earnings Ratio vs Fair Ratio
What is JMT'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 17.2x |
| Fair PE Ratio | 21.3x |
Price-To-Earnings vs Fair Ratio: JMT is good value based on its Price-To-Earnings Ratio (17.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł83.10 | zł102.41 +23.2% | 12.0% | zł123.44 | zł79.85 | n/a | 22 |
| Apr ’25 | zł80.00 | zł106.02 +32.5% | 11.1% | zł125.32 | zł79.95 | n/a | 21 |
| Mar ’25 | zł95.20 | zł109.49 +15.0% | 12.4% | zł140.25 | zł77.68 | n/a | 21 |
| Feb ’25 | zł92.25 | zł109.90 +19.1% | 13.0% | zł142.19 | zł78.75 | n/a | 20 |
| Jan ’25 | zł100.00 | zł109.81 +9.8% | 12.3% | zł140.70 | zł77.93 | n/a | 20 |
| Dec ’24 | zł99.00 | zł108.96 +10.1% | 12.6% | zł140.44 | zł77.78 | n/a | 20 |
| Nov ’24 | zł98.45 | zł111.69 +13.4% | 12.6% | zł145.05 | zł80.34 | n/a | 20 |
| Oct ’24 | zł100.60 | zł115.13 +14.4% | 14.5% | zł150.02 | zł80.78 | n/a | 20 |
| Sep ’24 | zł103.20 | zł113.09 +9.6% | 14.1% | zł144.53 | zł77.82 | n/a | 20 |
| Aug ’24 | zł109.90 | zł113.09 +2.9% | 14.1% | zł144.53 | zł77.82 | n/a | 20 |
| Jul ’24 | zł113.10 | zł103.63 -8.4% | 11.8% | zł126.42 | zł77.63 | n/a | 20 |
| Jun ’24 | zł106.00 | zł104.25 -1.7% | 11.8% | zł128.81 | zł79.09 | n/a | 20 |
| May ’24 | zł104.40 | zł104.64 +0.2% | 10.3% | zł121.27 | zł80.08 | zł83.10 | 21 |
| Apr ’24 | n/a | zł107.21 0% | 8.7% | zł123.88 | zł84.14 | zł80.00 | 20 |
| Mar ’24 | n/a | zł109.12 0% | 9.1% | zł126.54 | zł85.95 | zł95.20 | 20 |
| Feb ’24 | n/a | zł106.79 0% | 9.1% | zł124.63 | zł84.66 | zł92.25 | 20 |
| Jan ’24 | n/a | zł106.86 0% | 7.6% | zł124.25 | zł89.08 | zł100.00 | 21 |
| Dec ’23 | n/a | zł104.67 0% | 9.9% | zł124.33 | zł75.07 | zł99.00 | 22 |
| Nov ’23 | n/a | zł105.22 0% | 10.0% | zł125.03 | zł75.49 | zł98.45 | 21 |
| Oct ’23 | n/a | zł106.34 0% | 10.8% | zł127.07 | zł75.30 | zł100.60 | 22 |
| Sep ’23 | n/a | zł104.75 0% | 10.8% | zł126.09 | zł74.72 | zł103.20 | 23 |
| Aug ’23 | n/a | zł104.81 0% | 10.3% | zł127.87 | zł75.78 | zł109.90 | 23 |
| Jul ’23 | n/a | zł100.85 0% | 9.5% | zł117.42 | zł75.15 | zł113.10 | 23 |
| Jun ’23 | n/a | zł99.33 0% | 9.1% | zł116.53 | zł74.58 | zł106.00 | 25 |
| May ’23 | n/a | zł98.90 0% | 9.4% | zł116.82 | zł74.77 | zł104.40 | 25 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.