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Jerónimo Martins, SGPS, S.A. (JMT.LS)

EUR16.22 -0.22 (-1.34%)
PT LIS Consumer Defensive Food Distribution
Address Rua Actor AntOnio Silva n. o 7 1649-033
Lisbon, PT
CEO Pedro Manuel de Castro Soares dos Santos
IPO 2000-01-03
ISIN PTJMT0AE0001

Explore sections of this company profile

Also trades on Euronext Lisbon · JMT.LS (EUR) International Order Book · 0EXG.IL (EUR) Other OTC · JRONF (USD) Other OTC · JRONY (USD) Warsaw Stock Exchange · JMT.WA (PLN)
Description

Jerónimo Martins, SGPS, S.A. is a prominent player primarily engaged in food retail and specialized distribution across Portugal, Poland, and Colombia. The company structures its diverse operations through various segments, including dedicated retail divisions for Portugal, Poland, and Colombia, a Cash & Carry segment in Portugal, and other miscellaneous adjustments. In Poland, Jerónimo Martins boasts an extensive network comprising 3,250 Biedronka-branded food stores and manages 290 Hebe health and beauty outlets. Its presence in Colombia is marked by 819 food stores operating under the Ara banner. Domestically, within Portugal, the group oversees 460 Pingo Doce supermarkets and 38 Recheio stores, which are supported by 4 distribution platforms. Beyond these core retail formats, Jerónimo Martins' Portuguese portfolio also encompasses Pingo Doce restaurants, Bem-Estar stores, and petrol stations that feature Code-branded clothing. The company further operates 20 Jeronymo kiosks and coffee shops, alongside 21 Hussel chocolate and confectionery boutiques. Beyond its primary retail and distribution activities, Jerónimo Martins diversifies its operations through a wide range of supplementary ventures. These include human resources and training, comprehensive real estate management and transactions, and specialized undertakings such as saline brackish waters aquaculture. The group's involvement also spans wholesale distribution of fresh produce, retail management consultancy, and logistics services. Furthermore, it participates in agricultural pursuits like crop cultivation and animal husbandry, manufactures milk and dairy products, and delivers a spectrum of professional services, covering economic, accounting, financial, and business portfolio management. The company also handles the trading and distribution of a diverse array of consumer goods, both food and non-food, and provides sea passenger water transport services. Founded in 1792, Jerónimo Martins, SGPS, S.A. maintains its corporate headquarters in Lisbon, Portugal, and functions as a subsidiary of Sociedade Francisco Manuel dos Santos, SGPS, S.E.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR16.22 -0.22 (-1.34%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.50
Float Shares
274.88M
Free Float %
43.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.97% -10.59% -12.04% -12.96% -16.98% -9.53% -17.73% -20.65% +17.50% +34.19% +264.41%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
16.22
DCF (Unlevered) 30.74 +89.5%
DCF (Levered) 48.18 +197.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 11 0
Hold 5 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.90
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Food Distribution: +7.7%
    +7.6% Q1'26: +6.3% (vs Q1'25)
  • EPS growth Food Distribution: +4.1%
    +8.4% Q1'26: -5.0% (vs Q1'25)
  • FCF margin FCF growth · Food Distribution: +15.4%
    +3.5% Q1'26: +6.8% (vs Q1'25)
  • EBIT margin Food Distribution: +3.6%
    +3.7% Q1'26: +3.1% (vs Q1'25)
  • ROIC Food Distribution: +6.5%
    +14.6% Q1'26: +11.9% (vs Q1'25)
  • Share dilution Food Distribution: +0.0%
    0.0% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Food Distribution: 0.80×
    2.25× Q1'26: 2.43× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.53) × ERP
WACC = 68% × Ke + 32% × Kd (5.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 30.74 Current price: 16.22
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
14 Rev. Ana.
11 EPS Ana.
Dec 2027
16 Rev. Ana.
12 EPS Ana.
Dec 2028
13 Rev. Ana.
9 EPS Ana.
Dec 2029
12 Rev. Ana.
3 EPS Ana.
Dec 2030
6 Rev. Ana.
3 EPS Ana.
Revenue
10.31B
est: 10.02B (+2.9%)
10.88B
est: 11.07B (-1.8%)
11.83B
est: 12.01B (-1.5%)
12.68B
est: 12.87B (-1.5%)
13.73B
est: 13.72B (+0.1%)
14.62B
est: 14.61B (+0.1%)
16.28B
est: 16.28B (+0.0%)
17.34B
est: 17.32B (+0.1%)
18.64B
est: 18.58B (+0.3%)
19.29B
est: 19.29B (+0.0%)
20.89B
est: 20.89B (+0.0%)
25.39B
est: 25.33B (+0.2%)
30.61B
est: 32.39B (-5.5%)
33.46B
est: 33.50B (-0.1%)
35.99B
est: 35.99B (+0.0%)
38.31B
37.59B – 38.60B
+6.4% YoY
40.76B
39.39B – 42.27B
+6.4% YoY
43.28B
43.23B – 43.34B
+6.2% YoY
46.39B
45.17B – 47.45B
+7.2% YoY
50.08B
48.76B – 51.22B
+8.0% YoY
EBITDA
709.84M
est: 343.55M (+106.6%)
729.48M
est: 468.45M (+55.7%)
774.01M
est: 489.47M (+58.1%)
725.69M
est: 512.12M (+41.7%)
781.39M
est: 420.57M (+85.8%)
1.04B
est: 470.25M (+122.1%)
914.98M
est: 794.20M (+15.2%)
947.08M
est: 564.91M (+67.7%)
1.42B
est: 549.25M (+159.2%)
1.34B
est: 380.02M (+252.8%)
1.54B
est: 404.39M (+281.8%)
1.76B
est: 426.04M (+313.6%)
2.15B
est: 2.25B (-4.3%)
2.16B
est: 2.33B (-7.5%)
2.48B
est: 2.50B (-0.8%)
2.66B
2.61B – 2.68B
+6.4% YoY
2.83B
2.73B – 2.93B
+6.4% YoY
3.00B
3.00B – 3.01B
+6.2% YoY
3.22B
3.13B – 3.29B
+7.2% YoY
3.48B
3.38B – 3.56B
+8.0% YoY
EBIT
501.07M
est: 528.18M (-5.1%)
515.01M
est: 552.41M (-6.8%)
536.99M
est: 560.62M (-4.2%)
460.70M
est: 562.48M (-18.1%)
486.90M
est: 486.02M (+0.2%)
757.03M
est: 516.46M (+46.6%)
579.97M
est: 840.57M (-31.0%)
583.54M
est: 616.04M (-5.3%)
708.35M
est: 628.84M (+12.6%)
606.84M
est: 731.56M (-17.0%)
799.00M
est: 778.48M (+2.6%)
979.00M
est: 820.15M (+19.4%)
1.25B
est: 1.22B (+2.5%)
1.12B
est: 1.27B (-11.8%)
1.34B
est: 1.35B (-1.3%)
1.44B
1.41B – 1.45B
+6.4% YoY
1.53B
1.48B – 1.59B
+6.4% YoY
1.63B
1.63B – 1.63B
+6.2% YoY
1.75B
1.70B – 1.79B
+7.2% YoY
1.88B
1.83B – 1.93B
+8.0% YoY
Net Income
357.36M
est: 328.36M (+8.8%)
360.40M
est: 375.64M (-4.1%)
382.26M
est: 388.12M (-1.5%)
301.71M
est: 409.27M (-26.3%)
333.34M
est: 326.54M (+2.1%)
593.22M
est: 354.16M (+67.5%)
385.36M
est: 659.36M (-41.6%)
401.04M
est: 411.29M (-2.5%)
389.87M
est: 429.84M (-9.3%)
312.00M
est: 403.96M (-22.8%)
463.00M
est: 429.87M (+7.7%)
590.00M
est: 452.88M (+30.3%)
756.00M
est: 653.00M (+15.8%)
599.00M
est: 650.29M (-7.9%)
647.00M
est: 708.43M (-8.7%)
720.14M
666.82M – 784.60M
+1.7% YoY
818.18M
751.21M – 925.44M
+13.6% YoY
929.43M
855.82M – 1.16B
+13.6% YoY
1.11B
1.08B – 1.15B
+19.9% YoY
1.39B
1.34B – 1.43B
+24.9% YoY
SGA
1.73B
est: 1.85B (-6.2%)
1.89B
est: 1.68B (+12.1%)
2.01B
est: 1.79B (+12.2%)
2.24B
est: 1.88B (+18.8%)
2.43B
est: 2.11B (+15.3%)
2.55B
est: 2.26B (+12.6%)
2.87B
est: 2.83B (+1.3%)
3.16B
est: 3.06B (+3.4%)
3.35B
est: 3.39B (-1.1%)
3.54B
est: 3.47B (+1.8%)
3.66B
est: 3.70B (-1.1%)
4.26B
est: 3.90B (+9.4%)
4.99B
est: 4.37B (+14.0%)
5.66B
est: 4.42B (+28.2%)
est: 4.86B (-100.0%)
5.17B
5.07B – 5.21B
+6.4% YoY
5.50B
5.32B – 5.71B
+6.4% YoY
5.84B
5.84B – 5.85B
+6.2% YoY
6.26B
6.10B – 6.41B
+7.2% YoY
6.76B
6.58B – 6.91B
+8.0% YoY
EPS
0.54
est: 0.58 (-7.1%)
0.57
est: 0.64 (-10.3%)
0.61
est: 0.62 (-1.7%)
0.48
est: 0.52 (-8.6%)
0.53
est: 0.54 (-2.1%)
0.94
est: 0.63 (+48.6%)
0.61
est: 0.66 (-8.1%)
0.64
est: 0.65 (-0.9%)
0.62
est: 0.67 (-8.0%)
0.50
est: 0.58 (-14.5%)
0.74
est: 0.75 (-1.2%)
0.94
est: 0.99 (-4.9%)
1.20
est: 1.03 (+16.2%)
0.95
est: 1.04 (-8.5%)
1.03
est: 1.13 (-8.9%)
1.20
1.06 – 1.25
+5.8% YoY
1.36
1.20 – 1.47
+13.9% YoY
1.55
1.36 – 1.85
+13.7% YoY
1.77
1.71 – 1.83
+14.4% YoY
2.22
2.14 – 2.28
+24.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-06 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-05 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-04 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-30 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-29 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-28 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-27 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-24 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-23 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5
2026-04-22 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5
2026-04-21 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5
2026-04-20 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5
2026-04-17 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5
2026-04-16 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.08B
OE per share TTM
3.31
Owner's Yield
17.72%
Maintenance CapEx ratio
73.50%
Maint CapEx / Avg PPE
28.9%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
1.63M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
0
Reduced
1
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 GENERALI INVESTMENTS CEE, INVESTICNI SPOLECNOST, A.S. 78.5K +— (+0.0%) 1.87M -38.8K (-2.0%) 0.01% +0.000 pp 0.13% -0.014 pp EUR18.45 +9.8% 5 qtrs
2 BOSTON COMMON ASSET MANAGEMENT, LLC -594.8K (-100.0%) -14.5M (-100.0%) 0.00% -0.095 pp 0.00% -0.405 pp EUR 3 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
11.2K
Shares Outstanding
628.43M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pedro Manuel de Castro Soares dos Santos Chairman of the Board & Chief Executive Officer 2M male
Antonio Jose Pereira Head of Finance Transformation & Reporting male
Carlos Miguel Martins Ferreira Chief Legal Officer, Director of Legal Affairs & Substitute Secretary male
Claudia Falcao Head of Investor Relations female
Cristina Minoya Perez Head of Compliance (Personal Data Privacy & Corruption Prevention)
Jose A. Luis Nogueira de Brito Head of Commercial & Global Sourcing male
Marta Lopes Maia Head of Human Resources female
Rita Marques Head of Fiscal Affairs female
Ana Luisa Abreu Coelho Virginia Chief Financial Officer female
Sara Miranda Chief Communications & Corporate Responsibility Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits