Buy Or Sell Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to zł80.15. The fair value is estimated to be zł101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: €0.19 (vs €0.20 in 1Q 2025) First quarter 2026 results: EPS: €0.19 (down from €0.20 in 1Q 2025). Revenue: €8.90b (up 6.3% from 1Q 2025). Net income: €119.0m (down 6.3% from 1Q 2025). Profit margin: 1.3% (down from 1.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Declared Dividend • Apr 29
Dividend of €0.65 announced Shareholders will receive a dividend of €0.65. Ex-date: 8th May 2026 Payment date: 12th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 29
Jerónimo Martins, SGPS, S.A. announces Annual dividend, payable on May 12, 2026 Jerónimo Martins, SGPS, S.A. announced Annual dividend of EUR 0.6500 per share payable on May 12, 2026, ex-date on May 08, 2026 and record date on May 11, 2026. Duyuru • Mar 31
Jerónimo Martins, SGPS, S.A., Annual General Meeting, Apr 23, 2026 Jerónimo Martins, SGPS, S.A., Annual General Meeting, Apr 23, 2026. Location: rua actor antonio silva n 7, lisbon Portugal Buy Or Sell Opportunity • Mar 21
Now 28% undervalued The stock has been flat over the last 90 days, currently trading at zł84.65. The fair value is estimated to be zł117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: €1.03 (vs €0.95 in FY 2024) Full year 2025 results: EPS: €1.03 (up from €0.95 in FY 2024). Revenue: €36.0b (up 7.6% from FY 2024). Net income: €646.0m (up 7.8% from FY 2024). Profit margin: 1.8% (in line with FY 2024). Like-for-like sales growth: 2.5% vs FY 2024 Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in Europe. Buy Or Sell Opportunity • Feb 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to zł85.10. The fair value is estimated to be zł107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: €0.34 (vs €0.30 in 3Q 2024) Third quarter 2025 results: EPS: €0.34 (up from €0.30 in 3Q 2024). Revenue: €9.14b (up 7.9% from 3Q 2024). Net income: €214.0m (up 14% from 3Q 2024). Profit margin: 2.3% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Buy Or Sell Opportunity • Nov 21
Now 20% undervalued Over the last 90 days, the stock has risen 2.7% to zł90.65. The fair value is estimated to be zł113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: €0.34 (vs €0.30 in 3Q 2024) Third quarter 2025 results: EPS: €0.34 (up from €0.30 in 3Q 2024). Revenue: €9.14b (up 7.9% from 3Q 2024). Net income: €214.0m (up 14% from 3Q 2024). Profit margin: 2.3% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Buy Or Sell Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to zł85.90. The fair value is estimated to be zł108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 2.6%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Board Change • Sep 25
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: €0.23 (vs €0.25 in 2Q 2024) Second quarter 2025 results: EPS: €0.23 (down from €0.25 in 2Q 2024). Revenue: €9.02b (up 9.6% from 2Q 2024). Net income: €142.0m (down 9.0% from 2Q 2024). Profit margin: 1.6% (down from 1.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Board Change • Jul 28
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 23
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Elizabeth Bastoni was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Jun 08
First quarter 2025 earnings released: EPS: €0.20 (vs €0.15 in 1Q 2024) First quarter 2025 results: EPS: €0.20 (up from €0.15 in 1Q 2024). Revenue: €8.38b (up 3.9% from 1Q 2024). Net income: €127.0m (up 31% from 1Q 2024). Profit margin: 1.5% (up from 1.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Declared Dividend • May 09
Dividend of €0.59 announced Shareholders will receive a dividend of €0.59. Ex-date: 13th May 2025 Payment date: 15th May 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 9.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 07
Jerónimo Martins, SGPS, S.A. announces Annual dividend, payable on May 15, 2025 Jerónimo Martins, SGPS, S.A. announced Annual dividend of EUR 0.5900 per share payable on May 15, 2025, ex-date on May 13, 2025 and record date on May 14, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł66.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 10% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł127 per share. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł65.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 32% over the past year. Duyuru • Dec 20
Jerónimo Martins, SGPS, S.A. to Report Q1, 2025 Results on May 07, 2025 Jerónimo Martins, SGPS, S.A. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: €0.30 (vs €0.32 in 3Q 2023) Third quarter 2024 results: EPS: €0.30 (down from €0.32 in 3Q 2023). Revenue: €8.47b (up 6.7% from 3Q 2023). Net income: €187.0m (down 7.4% from 3Q 2023). Profit margin: 2.2% (down from 2.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to zł66.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł130 per share. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: €0.25 (vs €0.34 in 2Q 2023) Second quarter 2024 results: EPS: €0.25 (down from €0.34 in 2Q 2023). Revenue: €8.23b (up 6.8% from 2Q 2023). Net income: €156.0m (down 28% from 2Q 2023). Profit margin: 1.9% (down from 2.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: €0.15 (vs €0.22 in 1Q 2023) First quarter 2024 results: EPS: €0.15 (down from €0.22 in 1Q 2023). Revenue: €8.07b (up 19% from 1Q 2023). Net income: €97.0m (down 31% from 1Q 2023). Profit margin: 1.2% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Upcoming Dividend • May 06
Upcoming dividend of €0.66 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Polish dividend payers (7.8%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: €0.15 (vs €0.22 in 1Q 2023) First quarter 2024 results: EPS: €0.15 (down from €0.22 in 1Q 2023). Revenue: €8.07b (up 19% from 1Q 2023). Net income: €97.0m (down 31% from 1Q 2023). Profit margin: 1.2% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €1.20 (vs €0.94 in FY 2022) Full year 2023 results: EPS: €1.20 (up from €0.94 in FY 2022). Revenue: €30.6b (up 21% from FY 2022). Net income: €756.0m (up 28% from FY 2022). Profit margin: 2.5% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Buying Opportunity • Jan 04
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be zł126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 6.9% per annum over the same time period. Buying Opportunity • Dec 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be zł127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings is also forecast to grow by 8.0% per annum over the same time period. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: €0.32 (vs €0.25 in 3Q 2022) Third quarter 2023 results: EPS: €0.32 (up from €0.25 in 3Q 2022). Revenue: €7.94b (up 22% from 3Q 2022). Net income: €202.0m (up 29% from 3Q 2022). Profit margin: 2.5% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: €0.32 (vs €0.25 in 3Q 2022) Third quarter 2023 results: EPS: €0.32 (up from €0.25 in 3Q 2022). Revenue: €7.94b (up 22% from 3Q 2022). Net income: €202.0m (up 29% from 3Q 2022). Profit margin: 2.5% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: €0.34 (vs €0.28 in 2Q 2022) Second quarter 2023 results: EPS: €0.34 (up from €0.28 in 2Q 2022). Revenue: €7.71b (up 21% from 2Q 2022). Net income: €217.0m (up 25% from 2Q 2022). Profit margin: 2.8% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: €0.34 (vs €0.28 in 2Q 2022) Second quarter 2023 results: EPS: €0.34 (up from €0.28 in 2Q 2022). Revenue: €7.71b (up 21% from 2Q 2022). Net income: €217.0m (up 25% from 2Q 2022). Profit margin: 2.8% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: €0.22 (vs €0.14 in 1Q 2022) First quarter 2023 results: EPS: €0.22 (up from €0.14 in 1Q 2022). Revenue: €6.80b (up 23% from 1Q 2022). Net income: €140.0m (up 59% from 1Q 2022). Profit margin: 2.1% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Europe. Board Change • Apr 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Non-Executive Director Natalia Olynec was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.