Sligro Food Group NV (SLIGR) AI Stock Analysis

• Market Cap: €636.39M
• Dividend Yield: 5.12%
• Average Volume (3M): 134.41K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 0.29
• Revenue Growth: -2.70%
• EPS Growth: 576.55%
• Country: NL
• Employees: 4,370
• Sector: General
• Sector Strength: N/A
• Industry: Food Distribution
• EPS (TTM): N/A
• Shares Outstanding: 44,255,016
• 10 Day Avg. Volume: 181,082
• 30 Day Avg. Volume: 134,415
• PEG Ratio: 0.57
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €12.90
• Price Target Upside: 25.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: €15.00 ▲(45.63% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is held back primarily by weaker financial quality—higher leverage and a 2025 free-cash-flow step-down alongside softening revenue—partly offset by supportive valuation (dividend yield) and a strong technical uptrend that appears overbought.

Positive Factors

Market Position

Sligro's entrenched position in the Netherlands and Belgium serving restaurants, caterers and institutions supports durable demand, scale advantages and customer relationships. Geographic concentration in core markets enables consistent order volumes and logistics efficiency over the medium term.

Supplier Partnerships

Established supplier partnerships give Sligro procurement advantages, access to exclusive SKUs and better pricing negotiation leverage. Those structural supplier ties help protect margins and product availability across cycles, improving resilience versus fragmented rivals.

Improving Operating Cash & Profitability

Profitability and operating cash flow improvements versus 2023–2024 indicate the business can generate cash from operations when volumes hold. Sustained operating cash generation supports reinvestment in logistics, working capital and service improvements if maintained.

Negative Factors

Higher Leverage

A materially higher debt-to-equity reduces balance-sheet flexibility for a low-margin distributor. Increased leverage raises interest and refinancing risk, constraining the firm's ability to withstand volume declines or invest in logistics and digital initiatives without pressure on cash flow.

Free Cash Flow Step-Down

A drop to roughly breakeven free cash flow after prior positive years limits capacity to repay debt, fund capex or sustain distributions. This reduction increases volatility in available capital and makes the company more sensitive to any future operational setbacks.

Softening Revenue Momentum

A clear revenue decline in 2025 reverses prior momentum and matters for a thin-margin distributor. Weaker top-line pressures operating leverage and margin sustainability, making profitability and debt servicing more exposed to cost inflation and customer volume swings.

Sligro Food Group NV Business Overview & Revenue Model

Company Description

Sligro Food Group N.V. engages in the foodservice businesses in the Netherlands and Belgium. The company offers a range of food and food-related non-food products; and services in the food and beverages wholesale market. It operates a network of cash-and-carry and delivery service sites to serve hospitality industry, leisure facilities, caterers, large-volume users, company restaurants, petrol stations, small and medium-sized enterprises, small retail businesses, and the institutional markets under the Sligro, De Kweker, and Van Hoeckel brand names in the Netherlands. It also serves institutional, corporate catering, and hotel chain segments under the JAVA Foodservice name through one delivery service site; and hospitality industry, culinary professionals, and wholesale delivery service outlets under the Silgro-ISPC name through a network of two cash-and-carry and delivery service sites. In addition, the company is involved in the production of convenience and fresh fish products; sourcing of meat, game and poultry, fruits and vegetables, and bread and pastries; advice, design, delivery, furnishing, and maintenance of professional kitchen design, equipment, and freezing technologies; and provision of online gift concepts and Christmas gifts, and traditional Christmas hampers. It also offers its products through online platform. Sligro Food Group N.V. was founded in 1935 and is headquartered in Veghel, the Netherlands.

How the Company Makes Money

Sligro Food Group generates revenue primarily through the sale of food and non-food products to professional buyers in the foodservice sector. The company's revenue model includes direct sales from its wholesale distribution centers, as well as through its e-commerce platform, which allows customers to order online. Key revenue streams come from the distribution of fresh produce, frozen foods, dairy products, meat, fish, and dry goods. Sligro also benefits from strategic partnerships with suppliers, which help in securing competitive pricing and exclusive product offerings. Additionally, the company leverages its logistics and supply chain capabilities to optimize inventory management and delivery efficiency, further contributing to its earnings.

Sligro Food Group NV Financial Statement Overview

Summary

Earnings have recovered versus prior years, but 2025 shows weakening revenue, margins remain thin, leverage rose sharply (higher debt-to-equity), and free cash flow dropped to roughly breakeven—together increasing downside risk if conditions soften.

Income Statement

Profitability has improved materially versus 2023, with higher EBIT and net income in 2024–2025, and margins recovering from very weak 2020 levels. However, revenue momentum has softened, with 2025 showing a year-over-year decline after modest growth in 2024, and overall net margins remain thin, leaving results sensitive to cost inflation and volume swings.

Balance Sheet

Leverage has moved higher, with debt-to-equity rising to ~1.65 in 2025 from ~1.14 in 2024, which reduces balance-sheet flexibility for a low-margin distributor. Equity has been relatively stable and return on equity improved versus 2023, but the higher debt load increases risk if earnings or cash generation weaken.

Cash Flow

Operating cash flow in 2025 was strong versus 2024, but free cash flow fell to roughly breakeven, indicating that cash generation did not translate into funds available after investment needs. Free cash flow was positive in prior years (including 2023–2024), so the 2025 step-down is a key watch item and adds volatility to the cash profile.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.67B	2.89B	2.86B	2.48B	1.90B
Gross Profit	691.00M	765.00M	659.00M	663.00M	498.00M
EBITDA	150.00M	142.00M	118.00M	123.00M	106.00M
Net Income	30.00M	24.00M	6.00M	39.00M	20.00M
Balance Sheet
Total Assets	1.58B	1.53B	1.48B	1.42B	1.23B
Cash, Cash Equivalents and Short-Term Investments	94.00M	78.00M	32.00M	59.00M	12.00M
Total Debt	790.00M	537.00M	482.00M	424.00M	395.00M
Total Liabilities	1.10B	1.06B	1.02B	942.00M	780.00M
Stockholders Equity	478.00M	471.00M	461.00M	479.00M	453.00M
Cash Flow
Free Cash Flow	0.00	45.00M	59.00M	30.00M	29.00M
Operating Cash Flow	198.00M	97.00M	142.00M	91.00M	73.00M
Investing Cash Flow	-79.00M	-41.00M	-119.00M	-41.00M	-35.00M
Financing Cash Flow	-104.00M	-10.00M	5.00M	-57.00M	-22.00M

Sligro Food Group NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:SLIGR, the sentiment is Positive. The current price of 10.3 is below the 20-day moving average (MA) of 13.27, below the 50-day MA of 11.38, and below the 200-day MA of 11.26, indicating a bullish trend. The MACD of 0.97 indicates Negative momentum. The RSI at 81.97 is Negative, neither overbought nor oversold. The STOCH value of 66.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:SLIGR.

Sligro Food Group NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACOMO	71 Outperform	€798.91M	11.52	16.81%	5.44%	14.75%	95.43%
CRBN	71 Outperform	€1.20B	17.69	8.84%	3.50%	-3.45%	-5.55%
FFARM	69 Neutral	€611.40M	12.17	16.22%	4.66%	8.76%	193.06%
JDEP	65 Neutral	€15.48B	19.33	―	2.27%	14.96%	16.05%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SLIGR	54 Neutral	€636.39M	21.15	5.83%	5.12%	-2.70%	576.55%