Jerónimo Martins, SGPS, S.A. (ADR)

Factors to consider:

• Earnings expected soon, date: 2026-10-28 amc
• Company pays dividends (annually): last record date 2026-05-11, amount 1.53$ (Y3.76%)
• Price in estimated range
• Earnings for 6 months up through Q2 are close to our estimates

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: [39.71$, 58.80$]
• 2026-12-31 to 2027-12-31 estimated range: [42.38$, 62.45$]

Financial Metrics affecting the JRONY estimates:

• Positive: with PPE of 18.8 at the end of fiscal year the price was neutral
• Positive: Operating cash flow per share per price, % of 35.98 > 24.19
• Positive: 0.56 < Operating profit margin, % of 3.50
• Negative: Investing cash flow per share per price, % of -16.18 <= -11.23
• Positive: 0.59 < Industry operating profit margin (median), % of 1.23
• Positive: Interest expense per share per price, % of 5.74 <= 10.35
• Positive: 7.15 < Industry operating cash flow per share per price (median), % of 7.45
• Positive: Inventory ratio change, % of 0.17 <= 0.41
• Positive: 12.78 < Shareholder equity ratio, % of 19.29 <= 25.20
• Positive: 3.48 < Return on assets ratio (scaled to [-100,100]) of 3.52