Koninklijke Ahold Delhaize (ADRNY)
OTHER OTC:ADRNY
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Koninklijke Ahold Delhaize
(OTC:ADRNY)
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Rating:61Neutral
Price Target:
$46.00
▲(11.65% Upside)
Action:Downgraded
Date:05/09/26
The score reflects solid and improving fundamentals led by a stronger balance sheet and better operating profitability, supported by constructive guidance and shareholder-return actions. These positives are tempered by weak technical momentum (oversold and below key moving averages) and a recent decline in free cash flow versus the prior annual period.
Positive Factors
Improved leverage and equity base
Debt-to-equity falling to ~0.36 and equity of ~€14.8B on ~€49.9B assets materially strengthens financial flexibility. Lower leverage reduces interest burden, preserves investment capacity for stores and omnichannel, and supports durable shareholder returns and resilience through retail cycles.
Negative Factors
Serbia pricing regulation headwind
Price caps in Serbia represent a multi-quarter remediation issue that can structurally compress margins in that market. Prolonged regulatory constraints may force margin support, restructuring or exits, and materially weigh on European operating profitability until resolved.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and equity base
Debt-to-equity falling to ~0.36 and equity of ~€14.8B on ~€49.9B assets materially strengthens financial flexibility. Lower leverage reduces interest burden, preserves investment capacity for stores and omnichannel, and supports durable shareholder returns and resilience through retail cycles.
Read all positive factors
Koninklijke Ahold Delhaize (ADRNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.46B
Dividend Yield3.32%
Average Volume (3M)1.76K
Price to Earnings (P/E)16.1
Beta (1Y)0.02
Revenue Growth8.51%
EPS Growth39.73%
CountryUS
Employees390,000
SectorConsumer Defensive
Sector Strength42
IndustryGrocery Stores
Share Statistics
EPS (TTM)2.63
Shares Outstanding884,267,000
10 Day Avg. Volume0
30 Day Avg. Volume1,759
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)2.21
Price to Sales (P/S)0.34
P/FCF Ratio4.48
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue0.38
Enterprise Value/Gross Profit1.43
Enterprise Value/Ebitda4.58
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.29
Revenue Forecast (FY)$110.34B
Koninklijke Ahold Delhaize Business Overview & Revenue Model
Company Description
Koninklijke Ahold Delhaize (ADRNY) is a multinational retail company based in the Netherlands, specializing in food and grocery retail. The company operates a diverse portfolio of supermarket brands across Europe and the United States, including w...
How the Company Makes Money
Ahold Delhaize makes money primarily by selling grocery and household products to consumers through its retail network and digital platforms. The core revenue stream is retail sales generated at company-operated stores and via e-commerce orders (i...
Koninklijke Ahold Delhaize Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call presented a predominately positive operational and financial picture: solid top-line growth, improving margins and EPS, strong free cash flow that enabled increased shareholder returns, meaningful online and AI-led progress, and clear sustainability advances. Material caveats include regulatory headwinds in Serbia, IFRS one-offs tied to the omnichannel transition, local structural impacts (e.g., tobacco cessation), and competitive and macro uncertainties in the U.S. On balance the positive results, cash generation and strategic momentum outweigh the challenges, though several issues warrant monitoring over the next few quarters.Positive Updates
Strong Top-line Growth
Full-year net sales rose 5.9% to EUR 92.4 billion; Q4 net sales grew 6.1% to EUR 23.5 billion. Full-year comparable sales (excluding gas) increased 3.2%; Q4 comparable sales were +2.5% (including minor weather/calendar impacts).
Negative Updates
Serbia Pricing Regulation and Associated Headwind
Government intervention on price limitations in Serbia created notable headwinds and moved Serbia toward a loss-making position; management highlighted Serbia as a multi-quarter area of remediation and a drag on European margins.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Top-line Growth
Full-year net sales rose 5.9% to EUR 92.4 billion; Q4 net sales grew 6.1% to EUR 23.5 billion. Full-year comparable sales (excluding gas) increased 3.2%; Q4 comparable sales were +2.5% (including minor weather/calendar impacts).
Read all positive updates
Company Guidance
The company guided 2026 to an underlying operating margin of around 4% (with limited downside), mid- to high single‑digit diluted underlying EPS growth at constant rates, free cash flow of at least EUR 2.3 billion and gross CapEx of approximately EUR 2.7 billion; management flagged a 53rd week that is expected to add about 1.5–2% to net sales and 2–3% to underlying net income (with no material impact on operating margin), noted the U.S. Inflation Reduction Act will lower U.S. pharmacy sales by roughly $350 million with no underlying profit impact, the Delfood deal adds >€200 million of European sales, and reiterated shareholder returns actions including a proposed 6% dividend increase to €1.24 per share and a €1 billion share buyback program for 2026.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 | 6.99B | 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
Neutral
41.20
Price Trends
46.58
Negative
44.33
Negative
42.31
Positive
Market Momentum
-1.09
Positive
40.14
Neutral
45.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADRNY, the sentiment is Neutral. The current price of 41.2 is below the 20-day moving average (MA) of 45.48, below the 50-day MA of 46.58, and below the 200-day MA of 42.31, indicating a neutral trend. The MACD of -1.09 indicates Positive momentum. The RSI at 40.14 is Neutral, neither overbought nor oversold. The STOCH value of 45.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $1.78B | 15.16 | 7.49% | 2.06% | 4.14% | -0.27% | |
67 Neutral | $8.31B | 11.19 | 36.06% | ― | 10.25% | 17.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $37.46B | 16.11 | 15.86% | 3.32% | 8.51% | 39.73% | |
55 Neutral | $42.12B | 11.48 | 13.04% | 2.15% | 0.35% | -57.81% | |
51 Neutral | $8.31B | -4.74 | 8.17% | 3.49% | 3.46% | -80.55% | |
48 Neutral | $750.82M | -0.99 | -36.58% | ― | 6.04% | -2370.84% |
* Consumer Defensive Sector Average
ADRNY
Koninklijke Ahold Delhaize
44.13
2.32
5.56%
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-45.34%
GO
Grocery Outlet Holding
8.12
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ACI
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17.20
-4.10
-19.25%
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.