Jerónimo Martins SGPS Past Earnings Performance
Past criteria checks 2/6
Jerónimo Martins SGPS has been growing earnings at an average annual rate of 8.8%, while the Consumer Retailing industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 13.3% per year. Jerónimo Martins SGPS's return on equity is 18%, and it has net margins of 1.7%.
Key information
8.82%
Earnings growth rate
8.82%
EPS growth rate
| Consumer Retailing Industry Growth | 12.41% |
| Revenue growth rate | 13.31% |
| Return on equity | 18.00% |
| Net Margin | 1.75% |
| Next Earnings Update | 29 Jul 2026 |
Recent past performance updates
Recent updates
New Narrative • Jul 03
Store Expansion And Margin Rebuild Will Support Stronger Long Term Earnings Potential
Catalysts About Jerónimo Martins SGPS Jerónimo Martins SGPS is a multinational food retail group with core banners in Poland, Portugal and Colombia. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jun 22
JMT: Incremental P/E Reset Will Support Upside As Margin Assumptions Hold
Jerónimo Martins SGPS has seen its analyst price target reduced slightly by around €0.35, as analysts fine-tune their fair value models on revenue growth, margins and future P/E assumptions in light of recent target cuts from major banks. Analyst Commentary Recent price target revisions for Jerónimo Martins SGPS give you a clearer view of how analysts are recalibrating expectations on valuation, growth and execution quality.Narrative Update • Jun 05
JMT: Incremental P/E Reset Will Support Upside As Margins Strengthen
Analysts have trimmed their price target for Jerónimo Martins SGPS by about €0.01, reflecting updated views on revenue growth, profit margins and future P/E assumptions, following recent Street research that reduced targets by €0.30 and €0.10. Analyst Commentary Bullish Takeaways Bullish analysts view the modest €0.01 trimming of the price target, compared with prior €0.30 and €0.10 cuts at JPMorgan, as a signal that recent adjustments to revenue, margin and P/E assumptions are now more incremental than disruptive.Narrative Update • Apr 26
JMT: Premium P/E And Margins Will Support Upside Despite Higher Discount Rate
The analyst price target for Jerónimo Martins SGPS has been trimmed by about €0.10 as analysts factor in updated fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Analysts have adjusted their views around Jerónimo Martins SGPS, with the modest €0.10 target cut reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E levels rather than a wholesale change in thesis.Narrative Update • Apr 10
JMT: Premium Multiple Will Be Supported By Adjusted Discount Rate Assumptions
Analysts have trimmed their price target on Jerónimo Martins SGPS by around €0.56 to €24.82, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E, alongside recent Street research that included a €0.10 target cut. Analyst Commentary Bullish Takeaways Bullish analysts see the trimmed €24.82 target as still implying room for upside versus recent trading levels, suggesting they are comfortable with the revised fair value framework.Analysis Article • Apr 06
Jerónimo Martins SGPS' (ELI:JMT) Earnings Offer More Than Meets The Eye
The market seemed underwhelmed by the solid earnings posted by Jerónimo Martins, SGPS, S.A. ( ELI:JMT ) recently. We...Analysis Article • Feb 16
Market Participants Recognise Jerónimo Martins, SGPS, S.A.'s (ELI:JMT) Earnings
When close to half the companies in Portugal have price-to-earnings ratios (or "P/E's") below 13x, you may consider...Analysis Article • Jan 16
Returns On Capital At Jerónimo Martins SGPS (ELI:JMT) Have Hit The Brakes
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Narrative Update • Jan 11
JMT: Premium Multiple Will Be Sustained By Refined Discount And P E Assumptions
Analysts have slightly reduced their fair value estimate for Jerónimo Martins SGPS to €25.39 from €25.57, aligning it with a recent Street price target increase to €25.30. They cited updated views on discount rates, revenue growth and future P/E assumptions.Narrative Update • Dec 24
JMT: Premium Multiple Will Be Sustained By Margin Resilience And Defensive Format
Analysts have nudged their price target on Jerónimo Martins SGPS slightly higher to just above EUR 25, reflecting modestly softer growth and margin assumptions, which are offset by confidence in the company’s ability to sustain a premium valuation multiple. Analyst Commentary Recent updates from JPMorgan highlight a generally constructive stance on Jerónimo Martins SGPS, with the latest move being a price target increase to EUR 25.30 while maintaining an Overweight rating.Narrative Update • Dec 10
JMT: Margin Resilience Will Support Continued Outperformance Amid Higher Required Returns
The analyst price target for Jerónimo Martins SGPS has edged higher to approximately EUR 25.30 from around EUR 23.70, as analysts cite a slightly lower future P E multiple alongside steady expectations for revenue growth and profit margins. Analyst Commentary Recent Street research on Jerónimo Martins SGPS highlights a constructive view on the company’s medium term growth profile, with adjustments to the price target reflecting fine tuning of valuation assumptions rather than a change in fundamental outlook.Analysis Article • Dec 01
Are Investors Undervaluing Jerónimo Martins, SGPS, S.A. (ELI:JMT) By 31%?
Key Insights The projected fair value for Jerónimo Martins SGPS is €29.54 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Nov 25
JMT: Confidence In Core Market Performance Will Support Continued Outperformance
Analysts have increased their price target for Jerónimo Martins SGPS to €25.68, up from €25.41. They cite a balanced outlook on fair value, modest tweaks to revenue growth and profit margin projections, and ongoing confidence in the company’s future performance.Analysis Article • Nov 16
Investors Appear Satisfied With Jerónimo Martins, SGPS, S.A.'s (ELI:JMT) Prospects
Jerónimo Martins, SGPS, S.A.'s ( ELI:JMT ) price-to-earnings (or "P/E") ratio of 21.2x might make it look like a strong...Narrative Update • Nov 09
JMT: Improved Margins And Market Resilience Will Drive Future Outperformance
The analyst price target for Jerónimo Martins SGPS has increased slightly from €25.07 to €25.41. This change reflects analysts' greater confidence in the company's improved profit margins and sustained positive outlook.Analysis Article • Oct 22
Does Jerónimo Martins SGPS (ELI:JMT) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Sep 06
Jerónimo Martins SGPS' (ELI:JMT) Soft Earnings Don't Show The Whole Picture
Shareholders appeared unconcerned with Jerónimo Martins, SGPS, S.A.'s ( ELI:JMT ) lackluster earnings report last week...Analysis Article • Aug 26
An Intrinsic Calculation For Jerónimo Martins, SGPS, S.A. (ELI:JMT) Suggests It's 27% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Jerónimo Martins SGPS fair value estimate is €28.80 Current...Analysis Article • Aug 04
Jerónimo Martins, SGPS, S.A. Just Recorded A 7.5% EPS Beat: Here's What Analysts Are Forecasting Next
Jerónimo Martins, SGPS, S.A. ( ELI:JMT ) shareholders are probably feeling a little disappointed, since its shares fell...Analysis Article • Jul 23
Jerónimo Martins, SGPS, S.A.'s (ELI:JMT) Price In Tune With Earnings
Jerónimo Martins, SGPS, S.A.'s ( ELI:JMT ) price-to-earnings (or "P/E") ratio of 21.8x might make it look like a strong...Analysis Article • Jul 08
We Think Jerónimo Martins SGPS (ELI:JMT) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Narrative • Nov 12
Expanding Networks And Calculated Investments Poised To Drive Growth In Thriving Markets
Strategic investments in store infrastructure and value propositions may enhance consumer experience and drive revenue growth.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Jerónimo Martins SGPS 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 Mar 26 | 36,518 | 638 | 6,206 | 0 |
| 31 Dec 25 | 35,991 | 646 | 6,097 | 0 |
| 30 Sep 25 | 35,233 | 643 | 5,946 | 0 |
| 30 Jun 25 | 34,562 | 615 | 5,850 | 0 |
| 31 Mar 25 | 33,775 | 629 | 5,762 | 0 |
| 31 Dec 24 | 33,464 | 599 | 5,662 | 0 |
| 30 Sep 24 | 32,922 | 638 | 5,527 | 0 |
| 30 Jun 24 | 32,393 | 653 | 5,811 | 0 |
| 31 Mar 24 | 31,870 | 713 | 5,202 | 0 |
| 31 Dec 23 | 30,608 | 756 | 4,985 | 0 |
| 30 Sep 23 | 29,444 | 729 | 4,810 | 0 |
| 30 Jun 23 | 28,015 | 685 | 4,185 | 0 |
| 31 Mar 23 | 26,676 | 642 | 4,433 | 0 |
| 31 Dec 22 | 25,385 | 590 | 4,261 | 0 |
| 30 Sep 22 | 24,075 | 558 | 4,076 | 0 |
| 30 Jun 22 | 22,870 | 538 | 3,908 | 0 |
| 31 Mar 22 | 21,616 | 493 | 3,768 | 0 |
| 31 Dec 21 | 20,889 | 463 | 3,657 | 0 |
| 30 Sep 21 | 20,301 | 417 | 3,607 | 0 |
| 30 Jun 21 | 19,878 | 394 | 3,568 | 0 |
| 31 Mar 21 | 19,364 | 335 | 3,515 | 0 |
| 31 Dec 20 | 19,293 | 312 | 3,537 | 0 |
| 30 Sep 20 | 19,174 | 342 | 3,515 | 0 |
| 30 Jun 20 | 19,046 | 331 | 3,495 | 0 |
| 31 Mar 20 | 19,107 | 363 | 3,477 | 0 |
| 31 Dec 19 | 18,638 | 390 | 3,354 | 0 |
| 30 Sep 19 | 18,199 | 376 | 3,304 | 0 |
| 30 Jun 19 | 17,819 | 384 | 3,238 | 0 |
| 31 Mar 19 | 17,384 | 378 | 3,183 | 0 |
| 31 Dec 18 | 17,337 | 401 | 3,164 | 0 |
| 30 Sep 18 | 17,150 | 392 | 3,097 | 0 |
| 30 Jun 18 | 16,948 | 392 | 3,033 | 0 |
| 31 Mar 18 | 16,798 | 392 | 2,975 | 0 |
| 31 Dec 17 | 16,276 | 385 | 2,867 | 0 |
| 30 Sep 17 | 15,810 | 377 | 2,777 | 0 |
| 30 Jun 17 | 15,417 | 594 | 2,696 | 0 |
| 31 Mar 17 | 14,925 | 593 | 2,609 | 0 |
| 31 Dec 16 | 14,622 | 593 | 2,545 | 0 |
| 30 Sep 16 | 14,292 | 583 | 2,498 | 0 |
| 30 Jun 16 | 14,042 | 356 | 2,464 | 0 |
| 31 Mar 16 | 13,916 | 346 | 2,450 | 0 |
| 31 Dec 15 | 13,728 | 333 | 2,432 | 0 |
| 30 Sep 15 | 13,522 | 317 | 2,400 | 0 |
Quality Earnings: JMT has high quality earnings.
Growing Profit Margin: JMT's current net profit margins (1.7%) are lower than last year (1.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: JMT's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: JMT's earnings growth over the past year (1.4%) is below its 5-year average (8.8% per year).
Earnings vs Industry: JMT earnings growth over the past year (1.4%) did not outperform the Consumer Retailing industry 2.8%.
Return on Equity
High ROE: JMT's Return on Equity (18%) is considered low.
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 | 2026/07/06 19:28 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2026/03/31 |
| 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 |
|
|
| 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
Jerónimo Martins, SGPS, S.A. is covered by 40 analysts. 16 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 |
|---|---|
| Jesús Gómez Dominguez | Banco Santander |
| Alejandro Conde Fraisoli | Banco Santander |
| James Anstead | Barclays |