Ahold Delhaize consensus sell-side analysts as at April 25, 2017
Q1 2017
Consensus Minimum Maximum # estimates
Ahold USA
Delhaize
America
The
Netherlands
Belgium
Target price
Ahold USA Net sales
Ahold USA Comparable sales growth excluding gasoline
Ahold USA Underlying EBITDA margin
Ahold USA Underlying operating margin
in €
Delhaize America Net sales
Delhaize America Comparable sales growth
Delhaize America Underlying EBITDA margin
Delhaize America Underlying operating margin
in millions of €
The Netherlands Net sales
The Netherlands Comparable sales growth
The Netherlands Underlying EBITDA margin
The Netherlands Underlying operating margin
in millions of €
Belgium Net sales
Belgium Comparable sales growth
Belgium Underlying EBITDA margin
Belgium Underlying operating margin
in millions of €
CSE Net sales
Central and CSE Comparable sales growth excluding gasoline
Southeastern CSE Underlying EBITDA margin
Europe
CSE Underlying operating margin
Global Support Underlying operating loss
Office
Total Ahold
Delhaize
in millions of €
in %
in %
in %
in %
in %
in %
in %
in %
in %
in %
in %
in %
in millions of €
in %
in %
in %
in millions of €
Total Net sales
Total Underlying EBITDA
Total Underlying EBITDA margin
Total Operating income
Total Underlying operating income
Total Underlying operating margin
in millions of €
Net financial expenses
Income taxes
Underlying income from continuing operations
Net income
Basic EPS from continuing operations
Underlying EPS from continuing operations
Dividend per common share
€/$ exchange rate
in millions of €
Capex
Free cash flow
Net Debt
in millions of €
in millions of €
in %
in millions of €
in millions of €
in %
in millions of €
in millions of €
in millions of €
in €
in €
in €
in millions of €
in millions of €
FY 2017
Consensus Minimum Maximum # estimates
23,9
€ 6.000
-1,5%
7,0%
4,1%
17,0
€ 5.787
-2,8%
6,4%
3,7%
26,0
€ 6.147
0,3%
7,3%
4,5%
20
20
20
17
21
23,9
€ 24.360
0,4%
6,9%
4,1%
17,0
€ 23.433
-1,0%
6,3%
3,6%
26,0
€ 25.001
1,3%
7,1%
4,3%
20
20
20
17
20
€ 3.958
0,5%
6,8%
3,5%
€ 3.828
-0,8%
6,5%
3,3%
€ 4.040
1,5%
7,0%
3,7%
20
20
17
21
€ 16.359
1,5%
6,8%
3,6%
€ 15.674
0,4%
6,3%
3,2%
€ 17.064
2,4%
7,0%
3,8%
20
20
17
20
€ 3.298
3,2%
6,9%
4,8%
€ 3.238
0,5%
6,7%
4,5%
€ 3.348
4,5%
7,2%
5,0%
20
20
17
21
€ 13.451
2,9%
7,1%
4,9%
€ 12.940
1,5%
6,6%
4,5%
€ 13.652
4,5%
7,3%
5,1%
20
20
17
20
€ 1.181
-0,7%
5,6%
2,5%
€ 1.078
-2,0%
5,0%
2,0%
€ 1.212
0,5%
5,9%
2,9%
20
20
17
20
€ 4.976
1,1%
5,6%
2,6%
€ 4.706
-0,2%
5,2%
2,2%
€ 5.075
2,7%
6,0%
3,0%
20
20
17
20
€ 1.380
2,3%
5,9%
3,2%
€ 1.318
-1,1%
4,9%
2,1%
€ 1.438
4,0%
7,0%
4,2%
20
20
18
21
€ 5.849
3,0%
6,7%
4,1%
€ 5.377
1,0%
5,8%
3,2%
€ 6.084
6,0%
7,1%
4,5%
20
20
17
20
20
€ 136
€ 158
20
€ 37
€ 32
€ 40
€ 96
€ 15.824
€ 1.047
6,6%
€ 552
€ 586
3,7%
€ 15.435
€ 1.009
6,4%
€ 515
€ 545
3,4%
€ 16.067
€ 1.192
7,5%
€ 588
€ 610
3,9%
20
16
16
15
20
20
€ 64.982
€ 4.329
6,7%
€ 2.346
€ 2.499
3,8%
€ 63.216
€ 4.115
6,3%
€ 2.128
€ 2.281
3,5%
€ 66.234
€ 4.472
6,8%
€ 2.459
€ 2.592
4,1%
20
19
19
17
20
19
€ 87
€ 115
€ 380
€ 352
€ 0,28
€ 0,30
N/A
€ 1,07
€ 76
€ 99
€ 351
€ 233
€ 0,18
€ 0,28
N/A
€ 1,07
€ 118
€ 130
€ 408
€ 385
€ 0,30
€ 0,33
N/A
€ 1,07
17
17
16
15
14
15
2
21
€ 339
€ 502
€ 1.664
€ 1.531
€ 1,22
€ 1,33
€ 0,64
€ 1,06
€ 262
€ 441
€ 1.537
€ 1.105
€ 0,88
€ 1,21
€ 0,57
€ 1,05
€ 400
€ 570
€ 1.725
€ 1.627
€ 1,31
€ 1,41
€ 0,69
€ 1,08
20
20
19
18
17
20
20
18
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
5
3
4
€ 1.792
€ 1.666
€ 3.050
€ 1.738
€ 1.509
€ 1.495
€ 1.887
€ 1.812
€ 3.702
19
19
19
Only metrics for which we have received at least 10 estimates are disclosed above (otherwise "N/A" is mentioned).
Disclaimer & notice
This consensus has been collated from information submitted by analysts to Ahold Delhaize during the period from April 13, 2017 through April 24, 2017, using a standard template.
This consensus is provided by Ahold Delhaize for information purposes only. The research, assumptions and projections from which the consensus figures are drawn
is the sole responsibility of the analysts concerned.
Ahold Delhaize does not endorse or concur with the consensus or any underlying research, assumptions or projections in any way and accepts no liability in respect thereof.
In particular, Ahold Delhaize makes no warranty or representation as to the accuracy of the research, the reasonableness of any assumptions or projections or the likelihood
of achieving the consensus figures, which are based on current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results,
performance, or events to differ materially from those included in such research, assumptions or projections. Many of such risks and uncertainties relate to factors that
are beyond Ahold Delhaize’s control. Factors that could cause actual results to differ materially include, but are not limited to, factors as discussed in
Ahold Delhaize's public filings and other disclosures.
Ahold Delhaize has not commented on or verified any individual research, assumptions or projections nor does it intend to do so in the future.
Ahold Delhaize assumes no obligation to update or revise the consensus figures.
This consensus does not constitute an invitation or solicitation of an offer to subscribe for or purchase Ahold Delhaize or any other securities and shall not form the basis for
any contract or commitment whatsoever. Nothing contained herein should be taken as a recommendation to buy or sell
any of such securities or to take or refrain from taking any other action or to place any reliance on any of the information included in this consensus.