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Koninklijke Ahold Delhaize
(OTC:ADRNY)
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Rating:67Neutral
Price Target:
$43.00
▲(12.39% Upside)
Action:Reiterated
Date:08/05/26
ADRNY scores positively on fundamentals—especially the improved balance sheet leverage and steady profitability—and is supported by reasonable valuation with a solid dividend yield. The main offset is weak technical positioning (below key moving averages with negative MACD), while the earnings call was net constructive due to reiterated guidance and strategic progress despite near-term margin and cash-flow headwinds.
Positive Factors
Balance Sheet Health
Materially reduced leverage meaningfully strengthens financial flexibility and lowers interest burden. Over the next 2–6 months, lower debt supports disciplined capital allocation (capex, price investments, dividends), improves resilience to shocks, and enables opportunistic investments without raising structural funding risk.
Negative Factors
Free Cash Flow Weakness
A notable drop in free cash flow and sub-1.0x cash conversion reduces operational cash flexibility. In the medium term this can constrain reinvestment pacing, limit incremental share buybacks or higher dividends, and increase sensitivity to working-capital swings or timing, raising funding risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
Materially reduced leverage meaningfully strengthens financial flexibility and lowers interest burden. Over the next 2–6 months, lower debt supports disciplined capital allocation (capex, price investments, dividends), improves resilience to shocks, and enables opportunistic investments without raising structural funding risk.
Read all positive factors
Koninklijke Ahold Delhaize (ADRNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.64B
Dividend Yield3.65%
Average Volume (3M)25.98K
Price to Earnings (P/E)13.6
Beta (1Y)0.04
Revenue Growth8.51%
EPS Growth39.73%
CountryUS
Employees390,000
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)2.64
Shares Outstanding874,299,700
10 Day Avg. Volume64,375
30 Day Avg. Volume25,984
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)2.21
Price to Sales (P/S)0.34
P/FCF Ratio7.54
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.18
Revenue Forecast (FY)$108.34B
Koninklijke Ahold Delhaize Business Overview & Revenue Model
Company Description
Koninklijke Ahold Delhaize N.V. is a prominent retail and e-commerce enterprise, primarily conducting its operations across the United States and Europe. The company's diverse physical footprint encompasses various retail formats, such as supermar...
How the Company Makes Money
Ahold Delhaize primarily makes money by selling food and everyday consumer products through its grocery retail networks in the United States and Europe. The core revenue stream is retail sales generated in physical stores and through online grocer...
Koninklijke Ahold Delhaize Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call presents a generally positive operational and strategic picture: the company delivered modest top-line growth (net sales +1.9%), advanced own-brand penetration above 40%, achieved double-digit online growth and reported online profitability while gaining market share and reiterating full-year guidance. Offsetting these positives are margin compression in the U.S., one-off IFRS charges, a year-to-date free cash flow shortfall due to timing effects, and macro pressures (energy, SNAP/pharmacy impacts, competitive pricing and local pricing decrees). On balance the highlights (market share gains, online growth and strategic progress on own brands, AI and disciplined capital allocation) outweigh the lowlights, but management remains watchful about cost and macro dynamics.Positive Updates
Net Sales Growth
Net sales grew 1.9% year-over-year to EUR 23.2 billion in Q2 2026 (constant exchange rates).
Negative Updates
Slight Margin Compression
Group underlying operating margin decreased 10 basis points to 3.9% in Q2; U.S. underlying operating margin was 4.2%, down 20 basis points, with pressure from price investments, higher utility costs and indirect cost absorption.
Read all updates
Q2-2026 Updates
Positive
Negative
Net Sales Growth
Net sales grew 1.9% year-over-year to EUR 23.2 billion in Q2 2026 (constant exchange rates).
Read all positive updates
Company Guidance
Management reiterated full‑year 2026 guidance (on a 53‑week basis): underlying operating margin of around 4%, free cash flow of at least EUR 2.3 billion, gross capital expenditures of about EUR 2.7 billion, and diluted underlying EPS growth at mid‑ to high‑single‑digit rates on a constant currency basis. They confirmed execution of strategic actions including a EUR 1 billion price/own‑brand investment program (≈EUR 250m p.a. as part of a four‑year plan) and a trajectory to deliver roughly EUR 1.25 billion of cost savings this year, with flexibility to deepen price investments if needed. Management also guided that pharmacy headwinds in H2 should be similar to Q2, ag‑price deflational impact should be lower as they cycle last year, and the SNAP eligibility changes are expected to be a ~60–80 basis‑point headwind for the full year; for context Q2 reported net sales were EUR 23.2 billion, Q2 free cash flow EUR 632 million (YTD free cash flow EUR 302 million) and Q2 underlying operating margin was 3.9%.Koninklijke Ahold Delhaize Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.35B | 92.35B | 89.36B | 88.73B | 86.98B | 75.60B |
| Gross Profit | 24.31B | 24.51B | 23.80B | 23.85B | 23.30B | 20.68B |
| EBITDA | 7.58B | 6.59B | 6.48B | 6.50B | 7.27B | 6.34B |
| Net Income | 2.36B | 2.26B | 1.76B | 1.87B | 2.55B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 49.87B | 49.09B | 51.84B | 47.82B | 48.55B | 45.71B |
| Cash, Cash Equivalents and Short-Term Investments | 4.19B | 3.93B | 6.17B | 3.48B | 3.21B | 3.13B |
| Total Debt | 5.40B | 18.40B | 20.34B | 17.79B | 17.67B | 17.09B |
| Total Liabilities | 35.09B | 34.89B | 36.39B | 33.07B | 33.15B | 31.99B |
| Stockholders Equity | 14.79B | 14.20B | 15.45B | 14.76B | 15.40B | 13.72B |
Cash Flow | ||||||
| Free Cash Flow | 4.81B | 4.15B | 3.92B | 3.99B | 3.62B | 3.10B |
| Operating Cash Flow | 6.73B | 6.99B | 6.22B | 6.47B | 6.11B | 5.47B |
| Investing Cash Flow | -2.47B | -3.58B | -1.73B | -2.21B | -2.01B | -2.63B |
| Financing Cash Flow | -5.13B | -5.68B | -1.98B | -3.78B | -4.19B | -3.05B |
Koninklijke Ahold Delhaize Technical Analysis
Negative
38.26
Price Trends
40.56
Negative
43.34
Negative
42.54
Negative
Market Momentum
-0.49
Positive
37.56
Neutral
39.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADRNY, the sentiment is Negative. The current price of 38.26 is below the 20-day moving average (MA) of 39.98, below the 50-day MA of 40.56, and below the 200-day MA of 42.54, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 37.56 is Neutral, neither overbought nor oversold. The STOCH value of 39.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ADRNY.
Koninklijke Ahold Delhaize Risk Analysis
Koninklijke Ahold Delhaize disclosed 49 risk factors in its most recent earnings report. Koninklijke Ahold Delhaize reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Koninklijke Ahold Delhaize Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $8.13B | 16.57 | 34.84% | ― | 7.20% | 7.23% | |
67 Neutral | $34.64B | 13.58 | 15.60% | 3.77% | 8.51% | 39.73% | |
65 Neutral | $1.91B | 19.31 | 7.49% | 1.85% | 4.14% | -0.27% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | $35.37B | 33.38 | 14.66% | 2.46% | 1.14% | -53.47% | |
49 Neutral | $909.10M | -2.36 | -36.58% | ― | 6.04% | -2370.84% | |
49 Neutral | $5.62B | 144.75 | 2.91% | 5.80% | 2.75% | -95.14% |
* Consumer Defensive Sector Average
ADRNY
Koninklijke Ahold Delhaize
38.51
-1.42
-3.55%
KR
Kroger Company
56.73
-16.10
-22.11%
WMK
Weis Markets
75.25
5.75
8.28%
SFM
Sprouts Farmers
85.86
-62.88
-42.28%
GO
Grocery Outlet Holding
9.91
-8.31
-45.61%
ACI
Albertsons Companies
12.01
-6.56
-35.32%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.