Jerónimo Martins, SGPS, S.A.

Factors to consider:

• Company pays dividends (annually): last record date 2025-05-14, amount 0.66$ (Y2.78%)
• Price in estimated range

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2025-12-31 to 2027-12-31

• 2025-12-31 to 2026-12-31 estimated range: [20.85$, 30.86$]
• 2026-12-31 to 2027-12-31 estimated range: [22.89$, 33.66$]

Financial Metrics affecting the JRONF estimates:

• Positive: with PPE of 19.1 at the end of fiscal year the price was neutral
• Positive: Operating cash flow per share per price, % of 17.92 > 12.96
• Positive: -4.72 < Operating profit margin, % of 3.71
• Negative: Shareholder equity ratio, % of 19.29 <= 19.49
• Negative: Industry operating cash flow per share per price (median), % of 7.86 <= 10.31
• Positive: Interest expense per share per price, % of 2.43 <= 3.29
• Negative: Industry operating profit margin (median), % of 0.85 <= 3.02