AD.AS · AMS Euro Stoxx 50

Koninklijke Ahold Delhaize N.V.

Consumer defensive · Grocery Stores

€34.84 −€0.20 (−0.57%) today

Today's session · updated Nov 11, 2026, 13:47 · Source: Yahoo Finance

Consensus of 19 analysts

Hold

Median price target €38.50 +10.5%

Open: €34.88
Day range: 34.77 – €35.10
52-week range: 30.34 – €42.54
Volume: 327,323
Market cap: €30,416M
P/E (TTM): 13.5x
EPS (TTM): €2.58
EPS est. 2026: €2.67
P/E est. 2026: 13.1x
Dividend yield: 3.6%
Beta: 0.34
Payout: 48%

Analyst summary

Generated with AI · Nov 11, 2026, 13:58

Koninklijke Ahold Delhaize combines supermarket and e-commerce operations across the Netherlands, the United States and other markets. Q3 2026 revenue rose 2.6% year on year to €23,089M, while net income increased 7.0% to €625M. Earnings per share grew 7.6% to €0.72, and free cash flow reached €862M. Shares trade at 13.5x trailing earnings; a 3.6% dividend yield adds income support, while analyst consensus is Hold.

1Q3 2026 revenue increased 2.6% year on year to €23,089M.
2Net income rose 7.0% to €625M, and EPS advanced 7.6% to €0.72.
3The shares trade at 13.5x trailing earnings and yield 3.6%.

Ahold Delhaize financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	€23,089M	+2.6%
Net income	€625M	+7.0%
Earnings per share	€0.72	+7.6%
Net margin	2.7%	+0.1 pp
Free cash flow	€862M	+5.3%
Debt / equity	0.34	+1.9%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	€22,494M	€584M
Q4 2025	€23,490M	€577M
Q1 2026	€22,276M	€552M
Q2 2026	€23,165M	€526M
Q3 2026	€23,089M	€625M

Q3 2026 revenue grew 2.6% year on year to €23,089M, while net income rose 7.0% to €625M and the net margin edged up 0.1 pp to 2.7%. Revenue has remained within a relatively narrow quarterly range over the past five reported quarters. Net income declined from €584M in Q3 2025 to €526M in Q2 2026 before recovering to €625M in Q3 2026. Quarterly EPS has also improved recently: Q3 2026 EPS of €0.690 was up 3.2% year on year and beat the €0.660 estimate by 4.5%. EPS exceeded estimates in each reported quarter from Q4 2025 through Q3 2026.

Annual EPS recovered to €2.500 in 2025 after declines in 2023 and 2024. Consensus estimates €2.668 for 2026 and €2.904 for FY 2027, up 8.8% year on year. Free cash flow was €862M in Q3 2026, up 5.3%; debt/equity was 0.34. The shares trade at 13.5x trailing P/E, versus estimated P/Es of 13.1x for 2026 and 12.0x for FY 2027.

Written by AI · Nov 11, 2026, 13:58

Ahold Delhaize earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 4	€0.7340.68 – 0.81	+0.6%€0.730
Current year2026 · Analysts: 16	€2.6682.62 – 2.77	−0.1%€2.670
Next yearFY 2027 · Analysts: 16	€2.9042.72 – 3.07	+8.8%€2.668

Forward P/E: 13.1x (2026) and 12.0x (FY 2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	€0.669	—
Q4 2025	€0.730	€0.662
Q1 2026	€0.620	€0.611
Q2 2026	€0.640	€0.627
Q3 2026	€0.690	€0.660
Q4 2026	—	€0.734

Year	Actual EPS	Estimated EPS
2022	€2.540	—
2023	€1.940	—
2024	€1.890	—
2025	€2.500	—
2026	—	€2.668
FY 2027	—	€2.904

EPS trend

Quarter	EPS	YoY change
Q4 2026Estimated	€0.734	+0.6%
Q3 2026	€0.690est. €0.660 · surprise +4.5%	+3.2%
Q2 2026	€0.640est. €0.627 · surprise +2.1%	n/a
Q1 2026	€0.620est. €0.611 · surprise +1.5%	n/a
Q4 2025	€0.730est. €0.662 · surprise +10.3%	n/a
Q3 2025	€0.669	n/a

Year	EPS	Annual change
FY 2027Estimated	€2.904	+8.8%
2026Estimated	€2.668	+6.7%
2025	€2.500	+32.3%
2024	€1.890	−2.6%
2023	€1.940	−23.6%
2022	€2.540	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Ahold Delhaize dividend

Yield and payments

Dividend yield (TTM)	3.6%
Forward yield (next 12m)	3.6%
Dividend per share (TTM)	€1.24
Forward dividend (next 12m)	€1.24
Payout (TTM)	48%
Last dividend	€0.51Aug 7, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€1.00
2020	€0.96
2021	€0.83
2022	€0.98
2023	€1.08
2024	€1.11
2025	€1.18
est. 12m	€1.24

The trailing dividend is €1.24 per share, equivalent to a 3.6% yield; the estimated 12-month dividend is also €1.24 and the estimated yield is 3.6%. The payout ratio is 48%, leaving earnings coverage alongside a meaningful income contribution. The latest listed payment was €0.51, with an ex-dividend date of Aug 7, 2026.

The annual dividend declined from €1.00 in 2019 to €0.83 in 2021, then rose to €1.18 in 2025; the 12-month estimate is €1.24. This indicates a recovery in distributions after the earlier decline, although the history does not show an uninterrupted increase. The next ex-dividend date is n/d.

Written by AI · Nov 11, 2026, 13:58

Ahold Delhaize forecasts

19 analyst ratings

Buy42% Hold47% Sell11%

Consensus: Hold · 8 buy, 9 hold, 2 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€44.00	+26.3%
Median	€38.50	+10.5%
Low	€23.02	−33.9%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€35.65
Dec 31, 2025	€34.87
Jan 30, 2026	€32.96
Feb 27, 2026	€41.77
Mar 31, 2026	€40.29
Apr 30, 2026	€40.02
May 29, 2026	€36.17
Jun 30, 2026	€35.22
Jul 31, 2026	€34.36
Aug 31, 2026	€30.65
Sep 30, 2026	€31.85
Oct 30, 2026	€32.75
Nov 11, 2026	€34.84

Analyst opinion is divided but leans towards a Hold: of 19 analysts, 8 (42%) rate the shares Buy, 9 (47%) Hold and 2 (11%) Sell. The median price target is €38.50, implying +10.5% potential from the quoted share price. The range is wide, from €23.02 (−33.9%) to €44.00 (+26.3%), signalling materially different views on valuation and prospects.

For earnings, consensus sees EPS of €2.668 in 2026 and €2.904 in FY 2027, with the latter forecast to increase 8.8%. The current-quarter estimate is €0.734, up 0.6% year on year. These projections suggest expected growth, while the neutral overall rating and broad target range point to uncertainty about how much of that outlook is reflected in the shares.

Written by AI · Nov 11, 2026, 13:58

Ahold Delhaize peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
AD.AS	Ahold Delhaize	30,416	13.5x	34.84	−0.57%	30.3442.54
CA.PA	Carrefour	9,881	6.5x	13.97	+0.29%	12.6317.54
KR	Kroger	40,514	38.1x	68.60 $	+0.87%	54.1576.58
OR.PA	L'Oréal	236,445	37.6x	443.35	−0.11%	338.85455.75
ABI.BR	Anheuser-Busch InBev	148,630	17.8x	75.48	−1.69%	51.6076.92
BN.PA	Danone	43,670	22.7x	67.80	−0.76%	57.2680.14

Stocks quoted in another currency are shown in their trading currency.

Ahold Delhaize’s €30,416M market capitalisation is below those of the listed European consumer groups: L'Oréal at €236,445M, Anheuser-Busch InBev at €148,630M and Danone at €43,670M. Henkel is closer at €35,149M. These businesses are not all direct grocery-retail comparables, so the valuation contrast is indicative rather than a like-for-like peer ranking.

At 13.5x P/E, Ahold Delhaize trades below the listed peers’ reported multiples: 17.8x for Anheuser-Busch InBev, 17.7x for Henkel, 22.7x for Danone and 37.6x for L'Oréal. Kroger, the listed grocery retailer, is at 38.1x, although its market capitalisation is reported in US dollars.

Written by AI · Nov 11, 2026, 13:58

Risks, catalysts and conclusion

Generated with AI · Nov 11, 2026, 13:58

Risks

Intense grocery price competition could constrain the 2.7% net margin if the company cannot pass through cost increases.
Food, labour or distribution cost pressures could erode profitability across the supermarket network.
A downturn in consumer demand or greater trading down could weaken sales mix and earnings growth.

Catalysts

Delivery of the €2.904 FY 2027 EPS consensus estimate could support confidence in the earnings outlook.
Further gains in online grocery execution could strengthen the contribution of the company’s e-commerce operations.
Sustained margin improvement could lift earnings conversion from the company’s large revenue base.

Conclusion

Ahold Delhaize pairs steady Q3 revenue growth with stronger profit, cash flow and EPS, while its valuation is below most of the listed consumer peers. Consensus expects EPS growth in FY 2027 and the dividend yield is 3.6%, but the Hold rating and broad target-price range reflect uncertainty. The modest net margin leaves earnings exposed to cost and pricing pressures, tempering the otherwise constructive operating trend.

Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 13:58.

This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.

Koninklijke Ahold Delhaize N.V.

Analyst summary

Ahold Delhaize financials

Q3 2026 results, quarter ended Sep 30, 2026

Revenue and net income (€M)

Ahold Delhaize earnings per share (EPS)

Consensus estimates

Actual and estimated EPS (€)

EPS trend

Ahold Delhaize dividend

Yield and payments

Dividend per share by year (€)

Ahold Delhaize forecasts

19 analyst ratings

1-year price forecast

Ahold Delhaize peers

Risks, catalysts and conclusion

Risks

Catalysts

Conclusion

What the AI agents think about Ahold Delhaize

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