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Acomo N.V.
(ACOMO)
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Rating:64Neutral
Price Target:
€26.00
▲(9.01% Upside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak latest-year cash flow (negative operating and free cash flow) and increased leverage despite strong revenue and margin improvement. Technicals are supportive with price above major moving averages and positive MACD, though near-term overbought signals add caution. Valuation is reasonably attractive with a ~12.2 P/E and a modest ~1.9% dividend yield.
Positive Factors
Profitability expansion
The sharp improvement in revenue, earnings and operating margins indicates stronger recent execution and greater earnings capacity. Sustained margin gains would improve resilience and support reinvestment across Acomo’s ingredient businesses.
Negative Factors
Negative cash conversion
The reversal to negative operating and free cash flow suggests substantial working-capital use or other cash outflows. If persistent, weak conversion could constrain debt repayment, investment capacity and the company’s ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability expansion
The sharp improvement in revenue, earnings and operating margins indicates stronger recent execution and greater earnings capacity. Sustained margin gains would improve resilience and support reinvestment across Acomo’s ingredient businesses.
Read all positive factors
Acomo N.V. (ACOMO) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€719.02M
Dividend Yield5.76%
Average Volume (3M)26.60K
Price to Earnings (P/E)12.3
Beta (1Y)0.41
Revenue Growth-2.56%
EPS Growth-15.44%
CountryNL
Employees1,330
SectorGeneral
Sector StrengthN/A
IndustryFood Distribution
Share Statistics
EPS (TTM)1.98
Shares Outstanding29,589,370
10 Day Avg. Volume20,234
30 Day Avg. Volume26,596
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.66
Price to Sales (P/S)0.49
P/FCF Ratio-9.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.13
Revenue Forecast (FY)€1.44B
Acomo N.V. Business Overview & Revenue Model
Company Description
Acomo N.V., operating globally through its various subsidiaries, specializes in the procurement, commerce, transformation, packaging, and distribution of a wide array of conventional and organic foodstuffs and their constituent elements for the in...
How the Company Makes Money
Acomo makes money primarily by buying agricultural and food-ingredient commodities and specialty ingredients from growers and origin suppliers, then selling them to business customers at a higher price after providing value-added services. Key rev...
Acomo N.V. Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Positive
The call highlights a clear positive operating year with record sales, strong net profit improvement (+64%), record EPS and segment successes (Spices & Nuts, Food Solutions and recovery in Organic Ingredients). These positives are tempered by concentrated, but manageable, headwinds: substantial working capital build (EUR 164m) driven by high inventory values (notably cocoa), operational challenges and temporary production shutdown in Edible Seeds, and persistent pressure in Tea. Management outlined corrective actions (operational fixes, organizational changes, centralization in Tea), expects cocoa prices and working capital to normalize (cocoa ~USD 6,000/tonne end‑2025 to ~USD 3,000/tonne early‑2026) and reaffirmed midterm targets. Overall, the favorable financial results and clear remediation plans outweigh the cited challenges.Positive Updates
Record Group Sales and Top-Line Growth
Group sales increased by 7.4% year‑on‑year to approximately EUR 1.5 billion (around +10% on a constant currency basis per management commentary), delivering a record sales year.
Negative Updates
Edible Seeds — Significant Operational and Market Challenges
Edible Seeds experienced a difficult year with margin decline due to tariff uncertainty in North America, restrictions on U.S. grown sunflower seeds affecting export flows, higher input costs, and operational issues culminating in a temporary production stop at the SunButter plant in Q4 (production resumed late Jan 2026). Exceptional restructuring and production‑related costs were recorded and excluded from adjusted EBITDA.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Group Sales and Top-Line Growth
Group sales increased by 7.4% year‑on‑year to approximately EUR 1.5 billion (around +10% on a constant currency basis per management commentary), delivering a record sales year.
Read all positive updates
Company Guidance
Management reiterated mid‑term guidance and expects 2026 to see more normalized commodity prices and lower working capital, forecasting leverage to decline during 2026 after €164m of working‑capital consumption in 2025; they expect the Edible Seeds business to largely return to normal in 2026 (SunButter production outage in Q4 resumed end‑Jan 2026) with H1 EBITDA potentially a little below H1 2025 and a catch‑up in H2. Key 2025 metrics cited: group sales +7% to €1.5bn, adjusted EBITDA up roughly 8.7–9% (company referenced €118.2m and also cited €180m in different contexts), EBITDA margin improved to 8.1% (from 8.0%) toward a 9% target, net profit +64% to €74m, adjusted EPS +8.8% to €2.18, operating cash flow excluding working capital up ~12% (≈€120m), a proposed dividend €1.40/share (+12% vs 2024, payout ~65% vs 70% policy), and cocoa prices falling from ~$6,000/t at end‑2025 to ~$3,000/t today — all of which underpin the company’s commitment to its sales, margin, leverage and dividend ambitions.Acomo N.V. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.42B | 1.46B | 1.36B | 1.27B | 1.42B | 1.25B |
| Gross Profit | 222.83M | 226.19M | 197.25M | 176.91M | 177.15M | 163.53M |
| EBITDA | 116.62M | 133.27M | 95.27M | 88.70M | 104.59M | 105.17M |
| Net Income | 58.75M | 73.04M | 45.23M | 39.73M | 54.68M | 53.96M |
Balance Sheet | ||||||
| Total Assets | 992.53M | 989.93M | 867.85M | 747.61M | 860.75M | 866.76M |
| Cash, Cash Equivalents and Short-Term Investments | 4.41M | 5.38M | 5.63M | 2.52M | 4.89M | 3.25M |
| Total Debt | 369.80M | 381.96M | 255.07M | 212.96M | 302.22M | 351.41M |
| Total Liabilities | 545.11M | 552.96M | 428.19M | 340.51M | 447.04M | 501.10M |
| Stockholders Equity | 444.76M | 434.12M | 438.07M | 405.48M | 411.88M | 364.26M |
Cash Flow | ||||||
| Free Cash Flow | 42.52M | -79.85M | 23.04M | 130.67M | 66.01M | -44.14M |
| Operating Cash Flow | 13.52M | -71.02M | 30.71M | 137.26M | 72.66M | -36.37M |
| Investing Cash Flow | -36.68M | -31.30M | -19.06M | -7.38M | -6.40M | -11.27M |
| Financing Cash Flow | 25.67M | 102.83M | -8.50M | -131.74M | -64.80M | 47.12M |
Acomo N.V. Technical Analysis
Positive
23.85
Price Trends
23.10
Positive
23.52
Positive
23.77
Positive
Market Momentum
0.32
Negative
65.18
Neutral
70.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ACOMO, the sentiment is Positive. The current price of 23.85 is above the 20-day moving average (MA) of 23.74, above the 50-day MA of 23.10, and above the 200-day MA of 23.77, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 65.18 is Neutral, neither overbought nor oversold. The STOCH value of 70.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ACOMO.
Acomo N.V. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €509.65M | 9.68 | 14.75% | 5.25% | 6.63% | 3.62% | |
67 Neutral | €22.29B | -19.31 | ― | 2.69% | -44.75% | -301.20% | |
64 Neutral | €719.02M | 12.27 | 13.37% | 5.76% | -2.56% | -15.44% | |
62 Neutral | €5.73B | 24.89 | 11.06% | 1.86% | 2.64% | -14.83% | |
60 Neutral | €1.24B | 19.89 | 8.30% | 2.98% | -3.37% | -8.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | €445.93M | 18.03 | 5.63% | 3.82% | -3.79% | -3.53% |
* General Sector Average
NL:ACOMO
Acomo N.V.
24.30
2.36
10.76%
NL:CRBN
Corbion NV
21.48
4.73
28.20%
NL:FFARM
ForFarmers N.V.
5.71
1.45
33.91%
NL:IMCD
IMCD N.V.
97.06
4.89
5.31%
NL:SLIGR
Sligro Food Group NV
10.54
0.09
0.86%
NL:DSFIR
DSM-Firmenich AG
93.06
13.92
17.59%
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.