Jerónimo Martins, SGPS, S.A. (JMT.WA) stock analysis

In our weekly check, Jerónimo Martins, SGPS, S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 6, red flags: 3.

About Jerónimo Martins, SGPS, S.A.

Jerónimo Martins, SGPS, S.A. is a Consumer Defensive company (Grocery Stores), listed on WSE as JMT.WA.

What our checks show for JMT.WA

Red flags

• The gross margin fell by 2.3 points, to 19.2%: costs are rising faster than prices.
• The net margin is only 1.7%: little room if costs rise.
• Thinly traded (about 1 thousand shares a day): buying and selling can move the price.

Warning signs

• Net debt is 1.7x a year of EBITDA (debt/equity 1.92). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 3.8 times: a weak year could make the payments hard.
• The net margin fell by 0.5 points over 5 years, to 1.7%: the company keeps less of each sale as profit.
• Free cash flow is only 3.1% of revenue.
• The stock has fallen as much as 46% from a peak. Would you have held through that?
• The stock is still below its previous peak.

Strengths

• Operating cash flow is 3.55x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 14.4% a year over the next years.
• The dividend takes 3% of profit: there is a cushion.
• A large company: market value $12.83 billion.
• Beta 0.5: the stock usually moves less than the market.
• Return on capital (ROCE) is 15.5%: the business earns well on the money put into it.

Similar companies

WOW.AX · AXFO.ST · WN.TO · KR · DNP.WA · TSCO.L

Questions

What grade does Jerónimo Martins, SGPS, S.A. (JMT.WA) have?

In our weekly check, Jerónimo Martins, SGPS, S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 6, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of JMT.WA stock?

This week's biggest flags for Jerónimo Martins, SGPS, S.A.: Gross margin falling, Thin margins, Thinly traded. In total 9 of 25 checks show a warning or a red flag.

What does Jerónimo Martins, SGPS, S.A. do?

Jerónimo Martins, SGPS, S.A. is a Consumer Defensive company (Grocery Stores), listed on WSE as JMT.WA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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