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Koninklijke Ahold Delhaize N.V.
(AD)
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Rating:62Neutral
Price Target:
€36.00
▲(15.42% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by steady financial performance (defensive revenue and strong cash generation) and supportive valuation (moderate P/E and solid dividend yield). These positives are partially offset by weak technicals, with the stock trading below major moving averages and showing negative momentum indicators.
Positive Factors
Resilient Revenue Growth
TTM revenue growth of about 8%, up from roughly 3% in 2025, indicates durable demand for essential goods and improving top-line momentum. This supports scale economics and provides a foundation for continued investment in stores, digital channels and customer retention.
Negative Factors
Structurally Thin Net Margins
Net margins of roughly 2–3% leave limited protection against wage inflation, supply-chain costs, promotions or food-price volatility. Although operating profitability improved from 2024, it remains below the stronger 2022 level, limiting earnings flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Revenue Growth
TTM revenue growth of about 8%, up from roughly 3% in 2025, indicates durable demand for essential goods and improving top-line momentum. This supports scale economics and provides a foundation for continued investment in stores, digital channels and customer retention.
Read all positive factors
Koninklijke Ahold Delhaize N.V. (AD) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€26.80B
Dividend Yield4.02%
Average Volume (3M)2.83M
Price to Earnings (P/E)12.2
Beta (1Y)0.34
Revenue Growth-0.24%
EPS Growth24.38%
CountryNL
Employees384,000
SectorGeneral
Sector StrengthN/A
IndustryGrocery Stores
Share Statistics
EPS (TTM)2.53
Shares Outstanding880,579,100
10 Day Avg. Volume2,422,978
30 Day Avg. Volume2,831,737
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)2.21
Price to Sales (P/S)0.34
P/FCF Ratio4.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€36.20Price Target Upside16.05% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)2.75
Revenue Forecast (FY)€93.86B
Koninklijke Ahold Delhaize N.V. Business Overview & Revenue Model
Company Description
Koninklijke Ahold Delhaize N.V. manages a significant retail operation, primarily focusing on food sales and digital commerce throughout the United States and Europe. Its diverse portfolio includes various store types such as supermarkets, conveni...
How the Company Makes Money
Ahold Delhaize primarily makes money by selling grocery and household products to consumers through its retail brands across two main segments: the United States and Europe. The core revenue stream is retail sales generated at checkout (in-store) ...
Koninklijke Ahold Delhaize N.V. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.42B | 92.35B | 89.36B | 88.73B | 86.98B | 75.60B |
| Gross Profit | 24.32B | 24.51B | 23.80B | 23.85B | 23.30B | 20.68B |
| EBITDA | 7.22B | 7.45B | 6.48B | 6.50B | 7.27B | 6.34B |
| Net Income | 2.23B | 2.25B | 1.76B | 1.87B | 2.55B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 49.66B | 49.09B | 51.84B | 47.82B | 48.55B | 45.71B |
| Cash, Cash Equivalents and Short-Term Investments | 3.59B | 3.93B | 6.21B | 3.53B | 3.23B | 3.14B |
| Total Debt | 15.64B | 18.40B | 20.32B | 17.79B | 17.67B | 17.09B |
| Total Liabilities | 35.21B | 34.89B | 36.39B | 33.07B | 33.15B | 31.99B |
| Stockholders Equity | 14.45B | 14.20B | 15.45B | 14.76B | 15.40B | 13.72B |
Cash Flow | ||||||
| Free Cash Flow | 4.75B | 6.99B | 3.91B | 3.99B | 3.62B | 3.10B |
| Operating Cash Flow | 6.55B | 6.99B | 6.22B | 6.42B | 6.11B | 5.47B |
| Investing Cash Flow | -2.31B | -3.58B | -1.73B | -2.39B | -2.01B | -2.63B |
| Financing Cash Flow | -5.08B | -5.68B | -1.98B | -3.56B | -4.19B | -3.05B |
Koninklijke Ahold Delhaize N.V. Technical Analysis
Negative
31.19
Price Trends
33.51
Negative
35.21
Negative
35.60
Negative
Market Momentum
-0.87
Negative
31.75
Neutral
31.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AD, the sentiment is Negative. The current price of 31.19 is below the 20-day moving average (MA) of 31.63, below the 50-day MA of 33.51, and below the 200-day MA of 35.60, indicating a bearish trend. The MACD of -0.87 indicates Negative momentum. The RSI at 31.75 is Neutral, neither overbought nor oversold. The STOCH value of 31.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:AD.
Koninklijke Ahold Delhaize N.V. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €39.98B | 17.76 | 12.22% | 2.49% | 0.81% | 26.57% | |
62 Neutral | €26.80B | 12.19 | 15.60% | 3.69% | -0.24% | 24.38% | |
60 Neutral | €10.83B | 57.07 | 21.22% | ― | 0.52% | -68.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €7.78B | 76.54 | ― | ― | 32.06% | -54.70% | |
46 Neutral | €445.93M | 17.79 | 5.63% | 4.62% | -3.79% | -3.53% | |
42 Neutral | €465.44M | 24.18 | 12.30% | 4.49% | 2.04% | -203.01% |
* General Sector Average
NL:AD
Koninklijke Ahold Delhaize N.V.
30.84
-2.27
-6.87%
NL:HEIA
Heineken NV
72.62
7.77
11.98%
NL:PNL
PostNL N.V.
0.90
>-0.01
-0.99%
NL:SLIGR
Sligro Food Group NV
10.40
0.05
0.44%
NL:INPST
InPost S.A.
15.54
4.88
45.78%
NL:MICC
Magnum Ice Cream Co. N.V.
17.12
4.15
32.01%
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.