Jeronimo Martins stock holds steady after H1 2026 update
Published on 08/17/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Jeronimo Martins stock held at EUR 17.30 on August 14, 2026, while the company reported H1 2026 net sales of EUR 38.08 billion and net income of EUR 676 million. The shares were unchanged on the latest quoted session, and the valuation view in the same market snapshot put the group at a market cap of EUR 10.82 billion.
H1 numbers set the tone
The latest market snapshot showed a 1st Jan change of -14.74%, while the same page listed an enterprise value of EUR 14.47 billion and a 2026 P/E of 16x. Those figures frame the stock as a value-and-execution story after a year-to-date slide, even as the business keeps generating more than EUR 38 billion in half-year sales.
H1 2026 results also showed net income of EUR 676 million, and the company's 2026 net debt estimate stood at EUR 3.66 billion. The comparison matters: net sales were far larger than net income, and leverage remained material even after another strong revenue base.
Consensus still leans positive
MarketScreener's analyst consensus page showed 22 analysts, a mean BUY view, and an average target price of EUR 22.77 as of July 30, 2026. The implied spread of +32.30% versus the last close of EUR 17.21 gives the stock a clear gap between trading levels and broker expectations.
The same page also pointed to a 2027 P/E of 13.9x and an EV/sales multiple of 0.35x for 2027, which keeps the discussion anchored on earnings power rather than momentum alone. For investors, that mix of a lower multiple and still-solid sales scale is the key comparison today.
Biedronka remains central
Biedronka is still the core product engine inside Jeronimo Martins' retail model, and the group's business profile says food distribution accounts for more than 98% of consolidated sales. The company also described leadership positions in Poland and Portugal, plus an expanding presence in Colombia.
The operating mix matters because Poland remains the main swing factor in the group's growth and margin path. That is why H1 sales strength alone is not enough; the market is watching whether profit conversion keeps pace with the scale of the business.
Shares and valuation
As of August 14, 2026, the quoted price was EUR 17.30, with a 1-week change of -1.37% and a current-year change of -14.74%. The 1-month range on the same source ran from EUR 16.48 to EUR 17.65, which keeps the shares close to the upper half of their recent trading band.
Fact box
Company: Jeronimo Martins, SGPS, S.A.
ISIN: PTJMT0AE0001
Ticker: 0EXG
Exchange: OTC Markets Traded
Price (as of August 14, 2026, 11:30 a.m. ET): EUR 17.30
Market cap: EUR 10.82 billion (as of August 17, 2026)
Sector / Industry: Food Retail & Distribution
Index membership: PSI
Next earnings date: October 27, 2026
Retail scale stays large
The group's portfolio stretches from Biedronka in Poland to Pingo Doce and Recheio in Portugal and Ara in Colombia. That geographic spread gives the stock more than one earnings driver, but it also leaves results exposed to pricing pressure, consumer caution, and regional execution.
