Koninklijke Ahold Delhaize N.V. (NL:AD)
:AD
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Koninklijke Ahold Delhaize N.V.
(AD)
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Rating:72Outperform
Price Target:
€44.00
▲(8.16% Upside)
Action:UpgradedDate:02/18/26
The score is driven primarily by solid financial performance, led by strong and improving cash generation, offset by thin margins and some leverage volatility. Technicals are supportive but extremely overbought signals add near-term risk. Valuation is reasonable with a moderate dividend yield.
Positive Factors
Cash generation strength
Ahold Delhaize's materially stronger operating cash flow and sharply improved free cash flow in 2025 provide durable funding for reinvestment, store and digital expansion, and shareholder returns. Sustained cash generation reduces reliance on external financing and supports long-term strategic flexibility, though variability warrants monitoring.
Negative Factors
Structurally thin margins
With net margins near 2%, the business has limited earnings buffer; small increases in input costs or pricing pressure materially hit profitability. Low margin structure makes returns sensitive to inflation, competitive price wars, and cost inflation, constraining free cash flow predictability and ROE expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation strength
Ahold Delhaize's materially stronger operating cash flow and sharply improved free cash flow in 2025 provide durable funding for reinvestment, store and digital expansion, and shareholder returns. Sustained cash generation reduces reliance on external financing and supports long-term strategic flexibility, though variability warrants monitoring.
Read all positive factors
Koninklijke Ahold Delhaize N.V. (AD) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€34.92B
Dividend Yield3.42%
Average Volume (3M)1.82M
Price to Earnings (P/E)14.0
Beta (1Y)0.30
Revenue Growth3.41%
EPS Growth16.39%
CountryNL
Employees390,000
SectorGeneral
Sector StrengthN/A
IndustryGrocery Stores
Share Statistics
EPS (TTM)0.73
Shares Outstanding884,267,000
10 Day Avg. Volume1,951,254
30 Day Avg. Volume1,815,872
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)2.21
Price to Sales (P/S)0.34
P/FCF Ratio4.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€39.54Price Target Upside-2.80% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)2.79
Revenue Forecast (FY)€94.05B
Koninklijke Ahold Delhaize N.V. Business Overview & Revenue Model
Company Description
Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce primarily in the United States and Europe. Its store formats include supermarkets, convenience stores, drugstores, and hypermarkets. It also subleases its stores to franchi...
How the Company Makes Money
Ahold Delhaize generates revenue primarily through the sale of groceries and related products in its supermarkets and online platforms. The company operates a multi-channel retail strategy, which includes physical stores and e-commerce solutions, ...
Koninklijke Ahold Delhaize N.V. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
79
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 92.35B | 89.36B | 88.73B | 86.98B | 75.60B |
| Gross Profit | 24.51B | 23.80B | 23.85B | 23.30B | 20.68B |
| EBITDA | 7.45B | 6.48B | 6.50B | 7.27B | 6.34B |
| Net Income | 2.25B | 1.76B | 1.87B | 2.55B | 2.25B |
Balance Sheet | |||||
| Total Assets | 49.09B | 51.84B | 47.82B | 48.55B | 45.71B |
| Cash, Cash Equivalents and Short-Term Investments | 3.93B | 6.21B | 3.53B | 3.23B | 3.14B |
| Total Debt | 4.58B | 20.32B | 17.79B | 17.67B | 17.09B |
| Total Liabilities | 34.89B | 36.39B | 33.07B | 33.15B | 31.99B |
| Stockholders Equity | 14.20B | 15.45B | 14.76B | 15.40B | 13.72B |
Cash Flow | |||||
| Free Cash Flow | 6.99B | 3.91B | 3.99B | 3.62B | 3.10B |
| Operating Cash Flow | 6.99B | 6.22B | 6.42B | 6.11B | 5.47B |
| Investing Cash Flow | -3.58B | -1.73B | -2.39B | -2.01B | -2.63B |
| Financing Cash Flow | -5.68B | -1.98B | -3.56B | -4.19B | -3.05B |
Koninklijke Ahold Delhaize N.V. Technical Analysis
Positive
40.68
Price Trends
39.33
Positive
36.54
Positive
35.43
Positive
Market Momentum
0.49
Negative
57.56
Neutral
46.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AD, the sentiment is Positive. The current price of 40.68 is above the 20-day moving average (MA) of 40.51, above the 50-day MA of 39.33, and above the 200-day MA of 35.43, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 57.56 is Neutral, neither overbought nor oversold. The STOCH value of 46.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:AD.
Koninklijke Ahold Delhaize N.V. Peers Comparison
UnderperformOutperform
Sector (55)
NL:AD
Koninklijke Ahold Delhaize N.V.
40.68
7.41
22.25%
NL:SLIGR
Sligro Food Group NV
13.42
2.23
19.93%
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.