Added to YB: 2024-07-10
Pitch date: 2024-07-08
JMT.LS [bullish]
Jerónimo Martins, SGPS, S.A.
+10.73%
current return
Author Info
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Company Info
Jerónimo Martins, SGPS, S.A. operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia.
Market Cap
EUR 11.6B
Pitch Price
EUR 17.85
Price Target
30.00 (+52%)
Dividend
3.54%
EV/EBITDA
6.66
P/E
16.31
EV/Sales
0.45
Sector
Consumer Staples Distribution and Retail
Category
value
Jeronimo Martins, SGPS, S.A. - $JMT.LS
JMT.LS: Leading food retailer in Poland, Portugal, Colombia. Biedronka dominates, 70% of sales, 85% EBITDA. Q1'24: Biedronka +18.8%, Hebe +39.2%, Ara +43.9%. DCF: €28 FV (€19 current), 6.1% rev CAGR, 3.8% EBIT margin. Bull case €30, Bear €25. Undervalued at 11.26x EV/EBIT, 14.56x P/E vs 5Y avg. Risks: competitive EU food retail.
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