Jerónimo Martins, SGPS, S.A.

WSE:JMT Stock Report

Market Cap: zł59.1b

Jerónimo Martins SGPS Valuation

Is JMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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.

zł103.18
Fair Value
9.9% undervalued intrinsic discount
19
Number of Analysts

Below Fair Value: JMT (PLN93) is trading below our estimate of fair value (PLN103.18)

Significantly Below Fair Value: JMT is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JMT?

Key metric: As JMT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JMT. This is calculated by dividing JMT's market cap by their current earnings.
What is JMT's PE Ratio?
PE Ratio21.6x
Earnings€643.00m
Market Cap€13.91b

Price to Earnings Ratio vs Peers

How does JMT's PE Ratio compare to its peers?

The above table shows the PE ratio for JMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
DNP Dino Polska
28x19.97%zł43.9b
ZAB Zabka Group
28.2x27.71%zł21.5b
MRU Metro
20x1.78%CA$20.5b
COL Coles Group
27.7x7.78%AU$29.4b
JMT Jerónimo Martins SGPS
21.6x13.06%zł13.9b

Price-To-Earnings vs Peers: JMT is good value based on its Price-To-Earnings Ratio (21.6x) compared to the peer average (25.9x).

Price to Earnings Ratio vs Industry

How does JMT's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JMT 21.6xIndustry Avg. 18.7xNo. of Companies9PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JMT is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the European Consumer Retailing industry average (18.1x).

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.

JMT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JMT's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł93.00
zł107.50
+15.59%
7.21%zł123.24zł93.49n/a19
Oct ’26zł85.90
zł107.09
+24.66%
7.28%zł123.54zł93.72n/a19
Sep ’26zł89.85
zł106.82
+18.89%
7.41%zł123.58zł93.75n/a19
Aug ’26zł90.65
zł107.80
+18.92%
7.21%zł124.01zł94.08n/a20
Jul ’26zł89.00
zł102.61
+15.29%
7.33%zł114.66zł87.91n/a21
Jun ’26zł95.00
zł100.11
+5.38%
9.02%zł114.73zł84.98n/a22
May ’26zł91.00
zł94.58
+3.94%
11.25%zł111.40zł66.41n/a22
Apr ’26zł85.20
zł91.95
+7.92%
11.06%zł108.91zł64.93n/a22
Mar ’26zł87.00
zł90.62
+4.16%
11.41%zł109.05zł65.01n/a22
Feb ’26zł81.00
zł90.55
+11.79%
11.99%zł109.30zł65.16n/a22
Jan ’26zł65.50
zł90.56
+38.25%
13.57%zł111.42zł64.28n/a22
Dec ’25zł79.75
zł91.86
+15.18%
13.67%zł111.98zł64.61n/a22
Nov ’25zł76.85
zł92.40
+20.23%
13.87%zł113.42zł65.43zł90.2522
Oct ’25zł76.95
zł95.22
+23.74%
13.18%zł117.95zł68.63zł85.9022
Sep ’25zł71.20
zł96.23
+35.15%
13.38%zł118.50zł68.95zł89.8522
Aug ’25zł69.00
zł96.33
+39.60%
13.00%zł117.54zł68.39zł90.6522
Jul ’25zł81.20
zł101.91
+25.50%
11.35%zł121.84zł79.93zł89.0022
Jun ’25zł86.70
zł101.60
+17.19%
11.36%zł121.45zł79.68zł95.0022
May ’25zł83.10
zł102.41
+23.24%
12.01%zł123.44zł79.85zł91.0022
Apr ’25zł80.00
zł106.02
+32.52%
11.06%zł125.32zł79.95zł85.2021
Mar ’25zł95.20
zł109.49
+15.01%
12.39%zł140.25zł77.68zł87.0021
Feb ’25zł92.25
zł109.90
+19.13%
12.98%zł142.19zł78.75zł81.0020
Jan ’25zł100.00
zł109.81
+9.81%
12.33%zł140.70zł77.93zł65.5020
Dec ’24zł99.00
zł108.96
+10.06%
12.56%zł140.44zł77.78zł79.7520
Nov ’24zł98.45
zł111.69
+13.45%
12.59%zł145.05zł80.34zł76.8520
zł106.25
Fair Value
12.5% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/06 10:53
End of Day Share Price 2025/11/06 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Jerónimo Martins, SGPS, S.A. is covered by 45 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carlos PeixotoBanco BPI, S.A.
Jesús Gómez DominguezBanco Santander
Alejandro Conde FraisoliBanco Santander