Jeronimo Martins SGPS SA (JEM0) AI Stock Analysis

Jeronimo Martins SGPS SA

(Frankfurt:JEM0)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Resilient revenue growthBroad-based sales growth despite low or negative basket inflation indicates resilient customer demand and effective execution across the group. Continued volume-led expansion can strengthen scale, support supplier economics, and provide a durable foundation for future earnings growth.

Negative Factors

Thin net profitabilityVery thin net margins leave limited room for earnings to absorb higher costs, pricing pressure, or weaker demand. Although operating profitability has improved, the low bottom-line margin makes sustained profit growth more sensitive to small changes in expenses and financial charges.

Jeronimo Martins SGPS SA (JEM0) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 12.92B
Dividend Yield: 3.60%
Average Volume (3M): ―
Price to Earnings (P/E): 18.3
Beta (1Y): 0.12
Revenue Growth: 5.78%
EPS Growth: -10.30%
Country: Germany
Employees: 147,709
Sector: Consumer Defensive
Sector Strength: 62
Industry: Grocery Stores

Jeronimo Martins SGPS SA Business Overview & Revenue Model

Company Description

Jerónimo Martins SGPS SA engages in the production, distribution, and sale of food and other fast moving consumer goods product. It operates through the following segments: Portugal Retail, Portugal Cash and Carry, Poland Retail, Colombia Retail, and...

Jeronimo Martins SGPS SA Earnings Call Summary

Earnings Call Date:Oct 27, 2026(Q3-2026)|% Change Since:1.69%|Next Earnings Date:Mar 23, 2027

Earnings Call SentimentPositive

The call was fundamentally positive: the group delivered solid sales, strong volume growth, EBITDA growth ahead of sales, margin expansion across every banner, resilient market positions, and continued strategic investment despite a highly challenging environment. The main negatives were severe deflation and competition in Poland, rising fuel and transport costs, negative cash flow before dividends, higher financial costs, and one-off charges. Management remained cautious about fourth-quarter conditions, but reiterated its outlook and expansion plans.

Positive Updates

Resilient Group Sales Growth

Group sales reached EUR 27.8 billion, increasing 4.8%, or 3.8% at constant exchange rates, with like-for-like growth of 0.8%. All banners contributed to growth despite low or negative basket inflation.

Negative Updates

Challenging Market Environment

The period was affected by heightened geopolitical uncertainty, continued food disinflation turning to deflation in Poland, highly selective and promotion-driven consumers, intense competition, and rising costs, mainly fuel-related.

Company Guidance

The outlook, as presented on July 29, remains unchanged: Biedronka is expected to accelerate openings in the fourth quarter and maintain its guidance of more than 120 stores, while Ara is expected to continue expanding toward 200 openings, with openings concentrated a little bit towards the end of the quarter; basket deflation will probably slightly improve in Q4, but Biedronka may not reach basket inflation still in the fourth quarter, and inflation is difficult to see until the end of the year and probably until overlapping the first quarter; Biedronka’s teams will do their best not to have a negative like-for-like, although this cannot be excluded, while Ara’s like-for-like is expected to continue to be quite strong and sales to continue to grow; fourth-quarter cash flow is expected to be a positive contributor, Biedronka’s Q3 margin drivers will maintain for Q4 despite a more challenging comparison basis, and the additional EUR 40 million foundation contribution is a one-off not intended to be repeated in the following years.

Jeronimo Martins SGPS SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

DE:JEM0 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
IMKTA	62Neutral	$1.56B	15.05	6.30%	0.78%	1.02%	84.32%
WMK	61Neutral	$1.84B	18.93	7.15%	1.83%	4.50%	-3.08%
ACI	54Neutral	$6.15B	-436.00	-2.78%	5.05%	2.26%	-106.73%
GO	53Neutral	$1.28B	-3.34	-40.07%	―	5.12%	-4889.01%
KR	46Neutral	$39.43B	36.09	17.17%	2.16%	1.58%	-53.21%

* Consumer Defensive Sector Average

Performance Comparison

DE:JEM0 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:JEM0	Jeronimo Martins, Sgps	36.20	-7.27	-16.72%
IMKTA	Ingles Markets Inc	84.11	13.09	18.44%
KR	Kroger Company	66.76	4.73	7.62%
WMK	Weis Markets	74.41	11.87	18.98%
GO	Grocery Outlet Holding	12.93	-1.31	-9.20%
ACI	Albertsons Companies, Inc.	13.08	-3.72	-22.12%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Jeronimo Martins SGPS SA AI Stock Analysis