Education
About Us
Working with TipRanks
Follow Us
Jeronimo Martins, Sgps (JRONY)
:JRONY
Top Page
Jeronimo Martins SGPS SA
(OTC:JRONY)
Select Model
Select Model
Rating:70Outperform
Price Target:
$52.00
▲(8.60% Upside)
Jeronimo Martins SGPS SA's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting robust revenue and EBITDA growth. However, bearish technical indicators and competitive market challenges weigh on the score.
Jeronimo Martins SGPS SA (JRONY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.70B
Dividend Yield2.8%
Average Volume (3M)267.00
Price to Earnings (P/E)22.3
Beta (1Y)0.20
Revenue Growth7.44%
EPS Growth-5.12%
CountryUS
Employees119,427
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)0.82
Shares Outstanding314,646,500
10 Day Avg. Volume267
30 Day Avg. Volume267
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Jeronimo Martins SGPS SA Business Overview & Revenue Model
Company DescriptionJeronimo Martins SGPS SA is a leading international retail and distribution company based in Portugal, primarily operating in the grocery and food sectors. The company manages various retail chains, including Pingo Doce, a popular supermarket chain in Portugal, and Biedronka, a significant player in the Polish market. Jeronimo Martins focuses on offering a wide range of products, including fresh food, groceries, and household goods, catering to the diverse needs of its customers across multiple markets.
How the Company Makes MoneyJeronimo Martins generates revenue through its extensive network of retail stores, primarily through the sale of food and non-food items to consumers. The company has a strong presence in Poland and Portugal, with its Biedronka and Pingo Doce chains being the main contributors to its revenue. Key revenue streams include direct sales from retail operations, private label products, and partnerships with local suppliers. The company also benefits from economies of scale due to its large purchasing power, allowing it to negotiate favorable terms with suppliers. Additionally, Jeronimo Martins invests in digital transformation and e-commerce, expanding its reach and enhancing customer convenience, which further contributes to its revenue growth.
Jeronimo Martins SGPS SA Earnings Call Summary
Earnings Call Date:Oct 29, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 11, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a solid financial performance with strong revenue and EBITDA growth, successful expansion, and a robust cash position. However, the company continues to face challenges from geopolitical uncertainties, competitive market conditions, and cautious consumer behavior, which have impacted pricing strategies and sales in certain segments.Q3-2025 Updates
Positive Updates
Robust Revenue Growth
Group sales grew by 7.1% or 6.6% at constant exchange rates to EUR 26.5 billion, with a notable like-for-like growth of 2.4% and significant contributions from expansion.
Strong EBITDA Performance
EBITDA reached EUR 1.8 billion, marking a 10.9% increase over the same period last year, or 9.9% growth at constant exchange rates, with an EBITDA margin increase of 23 basis points to 6.8%.
Expansion and Investment Success
The company executed its ambitious CapEx program, opening 274 new stores and renovating 170 locations, with a total CapEx of EUR 816 million.
Market Share Gains in Poland
Biedronka added EUR 1 billion of sales at constant exchange rates, gaining 0.2 percentage points in market share up to August.
Solid Cash Position
The balance sheet ended with a net cash position, excluding capitalized leases, of EUR 467 million.
Negative Updates
Challenging Market Conditions
The ongoing global geopolitical uncertainty and a highly competitive market environment are impacting consumer sentiment and price competition.
Low Basket Inflation Impact
The Polish market's low basket inflation combined with high cost inflation has intensified competition, impacting pricing strategies.
Pressure on Consumer Demand
In both Poland and Portugal, consumer behavior remains cautious and promotion-oriented, affecting like-for-like growth dynamics.
Weather-Related Sales Impact
Adverse weather conditions in Q3 affected certain high-margin categories, impacting overall sales performance.
Company Guidance
During the Jerónimo Martins Group's first nine months results conference call for fiscal year 2025, Chief Financial Officer Ana Luisa Virginia highlighted several key metrics underpinning the group's performance amidst ongoing geopolitical uncertainty. The group's top line grew by 7.1% (6.6% at constant exchange rates) to EUR 26.5 billion, with robust contributions from all banners, notably Biedronka in Poland, which added EUR 1 billion in sales at constant exchange rates. Consolidated EBITDA increased by 10.9% to EUR 1.8 billion, achieving a margin improvement of 23 basis points to 6.8%, driven by effective cost management and productivity measures. The group executed a CapEx program of EUR 816 million, opening 274 new stores and renovating 170 locations. The balance sheet remained strong, closing with a net cash position of EUR 467 million. Additionally, cash flow, excluding dividends, was EUR 128 million, reflecting improved funds from operations and enhanced working capital flows. Despite challenges, such as low basket inflation and competitive pressures, the group maintained its price leadership and market share, particularly in Poland, where it gained 0.2 percentage points of market share up to August.Jeronimo Martins SGPS SA Financial Statement Overview
Summary
Jeronimo Martins SGPS SA demonstrates solid revenue growth and operational efficiency with strong gross profit and EBITDA margins. However, profitability and cash generation need improvement, as indicated by the low net profit margin and declining free cash flow. The balance sheet is stable with manageable debt, but there's room for better equity utilization and profitability.Income Statement
The company shows robust revenue growth, with a TTM revenue of 33.78 billion, up from 33.46 billion in the previous year, reflecting a steady growth trend. The gross profit margin is strong at 35.85% TTM, indicating efficient cost management. However, the net profit margin is relatively low at 1.86% TTM, suggesting room for improved profitability. EBITDA margin stands at a healthy 26.03% TTM, showcasing operational efficiency.78
Positive
Balance Sheet
The balance sheet reflects a moderate debt-to-equity ratio of 1.64 TTM, indicating a balanced leverage with manageable risk. The equity ratio is 20.46% TTM, showing a reasonable proportion of equity financing. Return on Equity (ROE) is modest at 19.91% TTM, suggesting a decent return on shareholder investments, but there is potential for improvement.72
Positive
Cash Flow
The cash flow statement reveals a decline in free cash flow to 454 million TTM from 649 million, indicating a need to enhance cash generation. The operating cash flow to net income ratio is favorable at 2.38 TTM, demonstrating strong cash conversion efficiency. However, the free cash flow to net income ratio is relatively low at 0.72, suggesting limited cash available after capital expenditures.85
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.56B | 33.46B | 30.61B | 25.39B | 20.89B | 19.29B |
| Gross Profit | 7.10B | 6.85B | 6.25B | 5.33B | 4.50B | 4.23B |
| EBITDA | 2.27B | 2.16B | 2.15B | 1.76B | 1.54B | 1.34B |
| Net Income | 615.00M | 599.00M | 756.00M | 590.00M | 463.00M | 312.00M |
Balance Sheet | ||||||
| Total Assets | 15.30B | 15.30B | 14.30B | 11.85B | 10.37B | 9.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.45B | 1.88B | 2.07B | 1.80B | 1.53B | 1.04B |
| Total Debt | 5.23B | 4.92B | 4.15B | 3.15B | 2.85B | 2.80B |
| Total Liabilities | 12.17B | 12.04B | 11.23B | 9.26B | 7.84B | 7.17B |
| Stockholders Equity | 2.90B | 3.01B | 2.81B | 2.33B | 2.28B | 2.01B |
Cash Flow | ||||||
| Free Cash Flow | 954.00M | 649.00M | 837.00M | 1.21B | 1.17B | 935.17M |
| Operating Cash Flow | 1.98B | 1.65B | 2.02B | 2.10B | 1.76B | 1.45B |
| Investing Cash Flow | -1.03B | -896.00M | -1.18B | -825.00M | -617.00M | -488.29M |
| Financing Cash Flow | -817.00M | -866.00M | -691.00M | -950.00M | -676.00M | -807.39M |
Jeronimo Martins SGPS SA Technical Analysis
Positive
47.88
Price Trends
48.90
Positive
49.57
Positive
46.83
Positive
Market Momentum
-0.08
Negative
69.34
Neutral
47.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JRONY, the sentiment is Positive. The current price of 47.88 is below the 20-day moving average (MA) of 47.98, below the 50-day MA of 48.90, and above the 200-day MA of 46.83, indicating a bullish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 69.34 is Neutral, neither overbought nor oversold. The STOCH value of 47.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JRONY.
Jeronimo Martins SGPS SA Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $36.31B | 20.34 | 84.89% | 2.83% | 2.92% | -4.06% | |
| ― | $14.70B | 22.34 | 21.44% | 2.80% | 7.44% | -5.12% | |
| ― | $15.42B | 45.23 | 7.91% | ― | 8.61% | -22.16% | |
| ― | $2.54B | 38.48 | 13.64% | ― | 7.90% | 68.05% | |
| ― | $16.73B | 31.77 | 11.48% | ― | 5.32% | 11.65% | |
| ― | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
| ― | $2.32B | ― | -7.39% | ― | 2.60% | -3.23% |
* Consumer Defensive Sector Average
JRONY
Jeronimo Martins SGPS SA
46.94
8.76
22.94%
SYY
Sysco
74.70
1.75
2.40%
CHEF
The Chefs' Warehouse
62.35
22.43
56.19%
UNFI
United Natural Foods
38.29
17.95
88.25%
PFGC
Performance Food Group
98.36
17.11
21.06%
USFD
US Foods Holding
73.04
11.39
18.48%
Jeronimo Martins SGPS SA Corporate Events
Jerónimo Martins Reports Strong H1 2025 Performance
Aug 2, 2025
Jerónimo Martins, SGPS, S.A. is a multinational company based in Portugal, primarily operating in the food retail and distribution sector with a significant presence in Poland, Portugal, and Colombia.
Jeronimo Martins Reports Resilient Growth Amid Challenges
Aug 2, 2025
The recent earnings call for Jeronimo Martins, Sgps, painted a picture of resilience and strategic growth amidst a challenging operating environment. The company reported solid sales growth and an improvement in EBITDA, maintaining its market leadership in several regions. However, concerns were raised about rising labor costs and cash flow outflow. Despite these hurdles, Jeronimo Martins managed to improve its margins and sustain a strong cash position.
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.