AD Stock Analysis: Koninklijke Ahold Delhaize | AS
Grocery Stores | AS, Netherlands | Market Cap: 27.174m EUR | 12M Return: -9.9% | NL0011794037 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 93.5M
EPS Trend: 92.3%
Qual. Beats: 0
Rev. Trend: 88.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Koninklijke Ahold Delhaize N.V. is a multinational food retailer operating supermarkets, convenience stores, and e-commerce platforms primarily in the Netherlands, the United States, and select international markets. Founded in 1867 and headquartered in Zaandam, the Netherlands, the company sells a wide range of products including fresh produce, dairy, meat, bakery, seafood, frozen goods, grocery items, beer and wine, health and beauty products, general merchandise, and pharmacy products, along with gasoline at certain locations. It operates under a portfolio of well-known regional banners such as Albert Heijn, Delhaize, Food Lion, Giant Food, The GIANT Company, Hannaford, and Stop & Shop in the U.S., and Albert, Maxi, Mega Image, and Profi in European and other markets.
The companys name reflects a major merger in 2016, when Koninklijke Ahold N.V. combined with Delhaize to form the current entity, creating one of the largest food retail groups in Europe and the United States. The GICS classification places it within Consumer Staples, Food Retail, a sector generally characterized by stable, recurring demand driven by essential household spending on groceries, which tends to remain relatively consistent through economic cycles.
Ahold Delhaizes business model combines a multi-brand, multi-market approach with an expanding omnichannel offering, including in-store shopping, online grocery ordering, and home delivery. Many of its banners hold leading regional market positions, allowing the group to benefit from localized brand loyalty while leveraging centralized procurement, supply chain, and digital infrastructure to improve margins and support its growing e-commerce segment.
- US comparable sales growth drives quarterly revenue beat
- Stop & Shop turnaround lifts consolidated operating margin
- bol.com e-commerce growth offsets mature Netherlands grocery market
| Net Income: 2.23b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.12 > 1.0 |
| NWC/Revenue: -5.19% < 20% (prev -5.24%; Δ 0.05% < -1%) |
| CFO/TA 0.13 > 3% & CFO 6.55b > Net Income 2.23b |
| Net Debt (24.0b) to EBITDA (7.22b): 3.33 < 3 |
| Current Ratio: 0.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (881.0m) vs 12m ago -3.08% < -2% |
| Gross Margin: 26.60% > 18% (prev 26.49%; Δ 0.11% > 0.5%) |
| Asset Turnover: 185.4% > 50% (prev 187.1%; Δ -1.73% > 0%) |
| Interest Coverage Ratio: 4.42 > 6 (EBIT TTM 3.60b / Interest Expense TTM 815.0m) |
| A: -0.10 (Total Current Assets 11.8b - Total Current Liabilities 16.5b) / Total Assets 49.7b |
| B: 0.17 (Retained Earnings 8.57b / Total Assets 49.7b) |
| C: 0.07 (EBIT TTM 3.60b / Avg Total Assets 49.3b) |
| D: 0.41 (Book Value of Equity 14.4b / Total Liabilities 35.2b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 1.16 (Receivables 2.82b/2.44b, Revenue 91.4b/91.6b) |
| GMI: 1.00 (GM 26.49% / 26.60%) |
| AQI: 1.01 (AQ_t 0.33 / AQ_t-1 0.32) |
| SGI: 1.00 (Revenue 91.4b / 91.6b) |
| TATA: -0.09 (NI 2.23b - CFO 6.55b) / TA 49.7b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of August 23, 2026, the stock is trading at EUR 31.04 with a total of 2,644,474 shares traded. Over the past week, the price has changed by -4.20%, over one month by -11.55%, over three months by -14.94% and over the past year by -9.87%.
Current recommended Stop Loss: 30.10 (which is 3% or 1.4 ATR below the current price).
Koninklijke Ahold Delhaize has no consensus analysts rating.
P/E Trailing = 12.3904
P/E Forward = 11.6144
P/S = 0.2972
P/B = 1.9084
P/EG = 2.2347
Revenue TTM = 91.4b EUR
EBIT TTM = 3.60b EUR
EBITDA TTM = 7.22b EUR
Long Term Debt = 4.86b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.30b EUR (from shortTermDebt, last fiscal year)
Debt = 27.6b EUR (from shortLongTermDebtTotal, last quarter) + Leases 12.0b
Net Debt = 24.0b EUR (calculated: Debt 27.6b - CCE 3.59b)
Enterprise Value = 51.2b EUR (27.2b + Debt 27.6b - CCE 3.59b)
Interest Coverage Ratio = 4.42 (Ebit TTM 3.60b / Interest Expense TTM 815.0m)
EV/FCF = 10.78x (Enterprise Value 51.2b / FCF TTM 4.75b)
FCF Yield = 9.27% (FCF TTM 4.75b / Enterprise Value 51.2b)
FCF Margin = 5.19% (FCF TTM 4.75b / Revenue TTM 91.4b)
Net Margin = 2.44% (Net Income TTM 2.23b / Revenue TTM 91.4b)
Gross Margin = 26.60% ((Revenue TTM 91.4b - Cost of Revenue TTM 67.1b) / Revenue TTM)
Gross Margin QoQ = 26.38% (prev 26.80%)
Tobins Q-Ratio = 1.03 (Enterprise Value 51.2b / Total Assets 49.7b)
Interest Expense / Debt = 2.95% (Interest Expense 815.0m / Debt 27.6b)
Taxrate = 22.44% (647.0m / 2.88b)
NOPAT = 2.80b (EBIT 3.60b * (1 - 22.44%))
Current Ratio = 0.71 (Total Current Assets 11.8b / Total Current Liabilities 16.5b)
Debt / Equity = 1.91 (Debt 27.6b / totalStockholderEquity, last quarter 14.4b)
Debt / EBITDA = 3.33 (Net Debt 24.0b / EBITDA 7.22b)
Debt / FCF = 5.06 (Net Debt 24.0b / FCF TTM 4.75b)
Total Stockholder Equity = 14.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.53% (Net Income 2.23b / Total Assets 49.7b)
RoE = 15.60% (Net Income TTM 2.23b / Total Stockholder Equity 14.3b)
RoCE = 18.79% (EBIT 3.60b / Capital Employed (Equity 14.3b + L.T.Debt 4.86b))
RoIC = 8.51% (NOPAT 2.80b / Invested Capital 32.9b)
WACC = 3.84% (E(27.2b)/V(54.8b) * Re(5.41%) + D(27.6b)/V(54.8b) * Rd(2.95%) * (1-Tc(0.22)))
Discount Rate = 5.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.83 | Cagr: -3.07%
[DCF] Terminal Value 75.45% ; FCFF base≈4.75b ; Y1≈4.77b ; Y5≈5.06b
[DCF] Fair Price = 62.54 (EV 78.7b - Net Debt 24.0b = Equity 54.6b / Shares 873.8m; r=8.35% [WACC [floored]]; 5y FCF grow 0.08% → 2.50% )
EPS Correlation: 92.34 | EPS CAGR: 2.21% | SUE: 0.33 | # QB: 0
Revenue Correlation: 88.04 | Revenue CAGR: 1.54% | SUE: 0.18 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.69 | Chg30d=-0.26% | Revisions=-40% | Analysts=2
EPS current Year (2026-12-31): EPS=2.74 | Chg30d=-1.04% | Revisions=-46% | GrowthEPS=+2.5% | GrowthRev=+1.6%
EPS next Year (2027-12-31): EPS=2.93 | Chg30d=-1.21% | Revisions=-53% | GrowthEPS=+6.9% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: -59% (up=4, down=20)