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Jerónimo Martins, SGPS, S.A. operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally. The company operates through Portugal Retail, Portugal Cash & Carry, Poland Retail, Poland Health and Beauty, and Colombia Retail segments. It engages in the operation of chain of food stores under the Biedronka brand; online sales offerings, such as deliveries under the Biek brand, alternative ordering and delivery solutions with e-commerce players, and non-food products through a website; supermarket chains under the Pingo Doce brand; cash and carry stores under the Recheio brand; Bem-Estar parapharmacies and petrol stations; and coffee shops and kiosks under the Jeronymo brand. The company is also involved in the provision of specialized retail of health and beauty products, as well as in-store consultation services under the Hebe brand; operation of a chain of proximity food stores under the Ara brand; and production of dairy, livestock farming, aquaculture, and fruit and vegetables. In addition, it engages in the real estate purchase and sale; sea passenger water transport; renting of air transport equipment; growing of crops and animal farming; saline brackish waters aquaculture; and retail management, consultancy, and logistics. The company was founded in 1792 and is headquartered in Lisbon, Portugal. Jerónimo Martins, SGPS, S.A. operates as a subsidiary of Sociedade Francisco Manuel Dos Santos B.V.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Jerónimo Martins SGPS is a Portugal-based food retailer operating Pingo Doce in Portugal, Biedronka in Poland and the Ara discount chain in Colombia. Long-term growth drivers include Biedronka's market-leading position and ongoing store expansion, Ara's rollout, private-label margin growth and omnichannel development, which may support resilient cash generation.
Key risks are significant exposure to Poland and Colombia macro and currency swings, intense competition and margin pressure from food inflation and supply-chain volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 882.67M | 801.00M | 1012.00M | 814.00M | 652.00M |
| Minority interest | -11.00M | -7.00M | -10.00M | -17.00M | -21.00M |
| Net income | 646.76M | 599.00M | 756.00M | 590.00M | 463.00M |
| Selling general administrative | 568.00M | 514.00M | 495.00M | 411.00M | 351.00M |
| Selling and marketing expenses | 5529.00M | 5148.00M | 4490.00M | 3850.00M | 3306.00M |
| Gross profit | 6289.64M | 6851.00M | 6251.00M | 5332.00M | 4497.00M |
| Reconciled depreciation | 1143.00M | 1043.00M | 861.00M | 782.00M | 745.00M |
| Ebit | 1309.51M | 1117.00M | 1249.00M | 1006.00M | 816.00M |
| Ebitda | 2451.08M | 2160.00M | 2151.00M | 1788.00M | 1561.00M |
| Depreciation and amortization | 1141.57M | 1043.00M | 902.00M | 782.00M | 745.00M |
| Operating income | 1309.51M | 1070.00M | 1187.00M | 976.00M | 806.00M |
| Other operating expenses | 34641.02M | 32394.00M | 29421.00M | 24381.00M | 20069.00M |
| Interest expense | 364.00M | 316.00M | 237.00M | 165.00M | 147.00M |
| Tax provision | 225.00M | 195.00M | 250.00M | 207.00M | 168.00M |
| Interest income | 45.00M | 47.00M | 42.00M | 15.00M | 1.00M |
| Net interest income | -328.00M | -281.00M | -183.00M | -158.00M | -152.00M |
| Income tax expense | 224.92M | 195.00M | 239.00M | 207.00M | 168.00M |
| Total revenue | 35977.52M | 33464.00M | 30608.00M | 25385.00M | 20889.00M |
| Total operating expenses | 4953.14M | 5781.00M | 5064.00M | 4328.00M | 3677.00M |
| Cost of revenue | 29687.88M | 26613.00M | 24357.00M | 20053.00M | 16392.00M |
| Total other income expense net | -426.84M | -269.00M | -175.00M | -162.00M | -154.00M |
| Net income from continuing ops | 658.00M | 606.00M | 741.00M | 607.00M | 484.00M |
| Net income applicable to common shares | - | - | - | - | 463.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 17051.61M | 15297.00M | 14297.00M | 11845.00M | 10368.00M |
| Intangible assets | 163.94M | 156.00M | 155.00M | 142.00M | 139.00M |
| Other current assets | 562.79M | 112.00M | 728.00M | 1.00M | 1.00M |
| Total liab | 13523.93M | 12044.00M | 11230.00M | 9260.00M | 7836.00M |
| Total stockholder equity | 3289.77M | 3006.00M | 2814.00M | 2331.00M | 2278.00M |
| Deferred long term liab | - | - | - | 3.00M | 10.00M |
| Other current liab | 1679.85M | 1626.03M | 1328.00M | 1284.00M | -1.00M |
| Common stock | 628.76M | 629.00M | 629.00M | 629.00M | 629.00M |
| Capital stock | 629.00M | 629.00M | 629.00M | 629.00M | 629.00M |
| Retained earnings | 2732.98M | 2460.00M | 2278.00M | 1869.00M | 1773.00M |
| Other liab | - | - | - | 249.00M | 171.00M |
| Good will | 648.76M | 639.00M | 635.00M | 613.00M | 618.00M |
| Other assets | - | - | - | - | 250.00M |
| Cash | 2267.15M | 1823.00M | 1938.00M | 1781.00M | 1494.00M |
| Total current liabilities | 9005.63M | 7917.00M | 7827.00M | 6525.00M | 5325.00M |
| Current deferred revenue | 35.99M | 30.02M | 17.66M | - | 1164.00M |
| Net debt | 3302.76M | 3098.00M | 2210.00M | 1367.00M | 1353.00M |
| Short term debt | 1387.00M | 1103.00M | 1015.00M | 662.00M | 507.00M |
| Short long term debt | 717.00M | 496.00M | 485.00M | 232.00M | 113.00M |
| Short long term debt total | 5569.91M | 4921.00M | 4148.00M | 3148.00M | 2847.00M |
| Other stockholder equity | 15.99M | -83.00M | -93.00M | -167.00M | -124.00M |
| Property plant equipment | - | - | - | - | 6241.00M |
| Total current assets | 5603.90M | 4834.00M | 4668.00M | 3917.00M | 3112.00M |
| Net tangible assets | - | - | - | 1576.00M | 1528.00M |
| Short term investments | - | 58.00M | 135.00M | 21.00M | 33.00M |
| Net receivables | 499.81M | 825.00M | 71.00M | 609.00M | 470.00M |
| Long term debt | 520.00M | 507.00M | 280.00M | 238.00M | 347.00M |
| Inventory | 2274.15M | 2016.00M | 1790.00M | 1505.00M | 1114.00M |
| Accounts payable | 5938.77M | 5350.00M | 5224.00M | 4579.00M | 3655.00M |
| Accumulated other comprehensive income | -87.97M | -102.49M | -121.41M | - | - |
| Non currrent assets other | 3.00M | 130.00M | 441.00M | 93.00M | 101.00M |
| Non current assets total | 11447.71M | 10463.00M | 9629.00M | 7928.00M | 7256.00M |
| Capital lease obligations | 4322.00M | 3918.00M | 3383.00M | 2678.00M | 2387.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 59.00M | -896.00M | -1051.00M | -825.00M | -33.00M |
| Change to liabilities | - | - | - | 0.00M | 527.00M |
| Total cashflows from investing activities | -1067.60M | -896.00M | -1184.00M | - | -617.00M |
| Net borrowings | 203.00M | 283.00M | 198.00M | - | -326.00M |
| Total cash from financing activities | -873.67M | -866.00M | -752.00M | -950.00M | -676.00M |
| Change to operating activities | - | - | - | - | 1.00M |
| Net income | 645.76M | 599.00M | 756.00M | 590.00M | 463.00M |
| Change in cash | 660.95M | -115.00M | 157.00M | 287.00M | 453.00M |
| Begin period cash flow | 1606.20M | 1938.00M | 1781.00M | 1494.00M | 1041.00M |
| End period cash flow | 2267.15M | 1823.00M | 1938.00M | 1781.00M | 1494.00M |
| Total cash from operating activities | 2374.11M | 1654.00M | 2025.00M | 2095.00M | 1756.00M |
| Depreciation | 1141.57M | 1043.00M | 902.00M | 782.00M | 745.00M |
| Other cashflows from investing activities | - | 53.00M | -56.00M | - | - |
| Dividends paid | 370.86M | 429.00M | 363.00M | -511.00M | -198.00M |
| Change to inventory | -237.91M | -206.00M | -190.00M | -421.00M | -148.00M |
| Change to account receivables | 5.00M | 10.00M | -16.00M | -11.00M | -4.00M |
| Other cashflows from financing activities | -705.74M | -328.00M | -239.00M | -439.00M | -478.00M |
| Change to netincome | - | - | - | 188.00M | 172.00M |
| Capital expenditures | 1055.60M | 1005.00M | 1188.00M | 887.00M | 584.00M |
| Change in working capital | 365.86M | -202.00M | 176.00M | 535.00M | 376.00M |
| Stock based compensation | - | - | 8.00M | - | - |
| Other non cash items | 240.91M | 214.00M | 191.00M | 188.00M | 172.00M |
| Free cash flow | 1318.51M | 649.00M | 837.00M | 1208.00M | 1172.00M |
Sector: Consumer Defensive Industry: Food Distribution
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| JRONF Jerónimo Martins SGPS S.A |
- -% |
20.63 | 20.43 | 16.39 | 0.40 | 3.86 | 0.39 | 5.87 |
| SYY Sysco Corporation |
-7.47 9.14% |
74.27 | 22.81 | 16.47 | 0.45 | 15.01 | 0.63 | 12.91 |
| JRONY Jeronimo Martins SGPS SA ADR |
-0.05 0.12% |
41.35 | 19.98 | 23.09 | 0.54 | 5.70 | 0.62 | 8.86 |
| USFD US Foods Holding Corp |
-4.44 4.20% |
101.36 | 25.21 | 13.79 | 0.31 | 2.33 | 0.44 | 11.80 |
| PFGC Performance Food Group Co |
-4.31 4.27% |
96.53 | 25.71 | 15.08 | 0.20 | 2.77 | 0.27 | 12.02 |
Jerónimo Martins, SGPS, S.A. operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally. The company operates through Portugal Retail, Portugal Cash & Carry, Poland Retail, Poland Health and Beauty, and Colombia Retail segments. It engages in the operation of chain of food stores under the Biedronka brand; online sales offerings, such as deliveries under the Biek brand, alternative ordering and delivery solutions with e-commerce players, and non-food products through a website; supermarket chains under the Pingo Doce brand; cash and carry stores under the Recheio brand; Bem-Estar parapharmacies and petrol stations; and coffee shops and kiosks under the Jeronymo brand. The company is also involved in the provision of specialized retail of health and beauty products, as well as in-store consultation services under the Hebe brand; operation of a chain of proximity food stores under the Ara brand; and production of dairy, livestock farming, aquaculture, and fruit and vegetables. In addition, it engages in the real estate purchase and sale; sea passenger water transport; renting of air transport equipment; growing of crops and animal farming; saline brackish waters aquaculture; and retail management, consultancy, and logistics. The company was founded in 1792 and is headquartered in Lisbon, Portugal. Jerónimo Martins, SGPS, S.A. operates as a subsidiary of Sociedade Francisco Manuel Dos Santos B.V.
Rua Actor António Silva, n.º 7, Lisbon, Portugal, 1649-033
351 21 753 2000
124800
| Name | Title | Year Born |
|---|---|---|
| Mr. Pedro Manuel de Castro Soares dos Santos | Chairman & CEO | 1960 |
| Ms. Ana Luísa Abreu Coelho Virgínia | Chief Financial Officer | NA |
| Ms. Cláudia Falcão | Head of Investor Relations | NA |
| Mr. Carlos Miguel Martins Ferreira | Chief Legal Officer, Director of Legal Affairs & Substitute Sec. | NA |
| Ms. Sara Miranda | Chief Communications & Corp. Responsibility Officer | NA |
| Ms. Marta Lopes Maia | Head of HR | NA |
| Mr. Jose A. Luis Nogueira de Brito | Head of Institutional Relations and Commercial & Global Sourcing | 1939 |
| Ms. Rita Marques | Head of Fiscal Affairs | NA |
| Ms. Conceicao Carrapeta | Head of Financial Operations & Insurance | NA |
| Ms. Madalena Mena | Head of Data Privacy | NA |
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