Jerónimo Martins, SGPS, S.A. (JRONF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 17.70 means the share price is 17.70 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $14.9B is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gpt-4o-mini, generated Jun 13, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerJerónimo Martins, SGPS, S.A. (JRONF) trades at $23.70. Jerónimo Martins, SGPS, S.A. is a leading food distribution company operating primarily in Portugal, Poland, and Colombia. Market cap: $14.9B, Sector: Consumer defensive.
Price as of Sep 11, 2026 · Last analyzed: Jun 13, 2026Analyst Coverage for JRONF: JRONF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates JRONF against Consumer Defensive peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
JRONF: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Jerónimo Martins, SGPS, S.A. (JRONF) Consumer Business Overview
Jerónimo Martins, SGPS, S.A. is a prominent food distribution company with a strong foothold in Portugal, Poland, and Colombia, leveraging a diverse portfolio of retail formats to meet consumer needs across multiple segments.
What Is the Investment Thesis for JRONF?
Jerónimo Martins, SGPS, S.A. presents a strong investment thesis driven by its solid market presence and diversified operations. With a market cap of $14.9B and a P/E ratio of 17.70, the company demonstrates robust profitability, evidenced by a profit margin of 1.7% and a gross margin of 19.9%. The company's growth trajectory is supported by its extensive retail network, particularly in Poland and Portugal, where it continues to expand its store formats. Additionally, the company's commitment to complementary businesses, such as logistics and agricultural production, positions it well for future growth. However, investors should remain cautious of potential risks associated with its OTC market status, including lower liquidity and reporting requirements. Monitoring performance in core markets and adapting to market changes will be crucial for sustaining growth.
Based on FMP financials and quantitative analysis
JRONF Key Highlights
Market cap of $14.9B reflects strong investor confidence.
- P/E ratio of 17.70 indicates reasonable valuation compared to industry peers.
- Profit margin of 1.7% demonstrates operational efficiency.
- Gross margin of 19.9% exceeds industry average, showcasing pricing power.
- Dividend yield of 3.66% provides attractive income for investors.
Who Are JRONF's Competitors?
JRONF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| LBLCF Loblaw Companies Limited | $44.25 | -1.95% | $51.5B | 499-signal |
| WHGRF WH Group Limited | $0.89 | -6.25% | $11.4B | 449-signal |
| CPPCY CP ALL Public Company Limited | $13.93 | 0.00% | $12.5B | — |
| BZLFF Bunzl plc | $37.21 | 0.00% | $12.0B | — |
| ORKLF Orkla ASA | $10.26 | 0.00% | $10.0B | — |
| PFGC Performance Food Group Company | $94.83 | +0.50% | $14.9B | 605-pillar |
| USFD I am unable to provide a company dossier for USFD because there | $96.06 | -1.43% | $21.2B | 705-pillar |
| SYY Sysco Corporation | $82.31 | +0.91% | $39.4B | 695-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are JRONF's Key Strengths?
Extensive retail network across multiple countries.
- Strong brand portfolio with recognized names in the market.
- Diverse revenue streams from various business segments.
- Established supply chain and logistics capabilities.
What Are JRONF's Weaknesses?
Exposure to economic fluctuations in key markets.
- Dependence on consumer spending patterns.
- Challenges associated with operating in the OTC market.
What Could Drive JRONF Stock Higher?
Expansion of Biedronka stores in Poland to capture growing market demand.
- Continued investment in e-commerce capabilities to enhance customer reach.
- Strengthening of sustainability initiatives to align with consumer preferences.
- Launch of new product lines in health and beauty sectors through Hebe outlets.
- Strategic partnerships with local suppliers to enhance product offerings.
What Are the Key Risks for JRONF?
Economic downturns in key markets affecting consumer spending.
- Intense competition from both local and international retailers.
- Regulatory changes impacting operational practices in the food sector.
- Supply chain disruptions due to global events or crises.
What Are the Growth Opportunities for JRONF?
- Expansion in Poland: Jerónimo Martins operates 3,250 Biedronka stores in Poland, a market that continues to grow with an increasing demand for affordable grocery options. The Polish grocery market is projected to reach €30 billion by 2027, providing significant growth potential for the company as it expands its footprint and enhances its product offerings.
- Colombian Market Penetration: With 819 Ara-branded stores, Jerónimo Martins is tapping into the growing Colombian retail market, which is expected to see a CAGR of 5% through 2028. The company's focus on affordability and local sourcing positions it well to capture market share in this emerging economy.
- Diversification of Product Offerings: Jerónimo Martins is expanding its range of products, including health and beauty items through its Hebe outlets. The global health and wellness market is projected to grow to $4.24 trillion by 2026, providing ample opportunity for the company to enhance its product portfolio and attract health-conscious consumers.
- E-commerce Growth: The shift towards online shopping presents a significant opportunity for Jerónimo Martins to enhance its digital presence. With the online grocery market expected to grow by 20% annually, investing in e-commerce capabilities will allow the company to reach a broader audience and improve customer engagement.
- Sustainability Initiatives: As consumers increasingly prioritize sustainability, Jerónimo Martins' commitment to sustainable sourcing and eco-friendly practices can drive brand loyalty. The global sustainable food market is anticipated to reach $1 trillion by 2027, positioning the company to benefit from this growing trend.
What Are JRONF's Competitive Advantages?
- Strong brand recognition in key markets, particularly with Pingo Doce and Biedronka.
- Diverse product offerings that cater to various consumer needs and preferences.
- Established supply chain and logistics capabilities enhancing operational efficiency.
- Long-standing history and experience in the food distribution sector since 1792.
- Commitment to sustainability and local sourcing, appealing to modern consumers.
What Does JRONF Do?
Founded in 1792, Jerónimo Martins, SGPS, S.A. has evolved into a significant player in the food distribution and specialized retail sectors. Headquartered in Lisbon, Portugal, the company operates through various segments, including Portugal Retail, Poland Retail, Colombia Retail, and a consolidated category for others. Jerónimo Martins manages an extensive network of stores, including 3,250 Biedronka food stores and 290 Hebe health and beauty outlets in Poland, alongside 819 Ara-branded food stores in Colombia. In Portugal, the company boasts 460 Pingo Doce supermarkets and 38 Recheio stores, complemented by additional formats such as Pingo Doce restaurants and Jeronymo coffee shops. The company's operations extend beyond retail, encompassing human resources leadership, property management, training programs, aquaculture, agricultural production, and logistics. This diverse operational scope allows Jerónimo Martins to maintain a competitive edge in the market. As a subsidiary of Sociedade Francisco Manuel dos Santos, SGPS, S.E., Jerónimo Martins has established itself as a leader in the food distribution industry, continually adapting to market trends and consumer preferences while expanding its geographic footprint.
What Products and Services Does JRONF Offer?
- Operate a network of supermarkets and food stores across Portugal, Poland, and Colombia.
- Manage health and beauty outlets under the Hebe brand.
- Engage in agricultural production, including crop cultivation and animal farming.
- Provide logistics and distribution services for food and non-food products.
- Offer retail management consultancy and corporate support services.
- Run specialty stores such as Jeronymo coffee shops and Hussel confectionery shops.
How Does JRONF Make Money?
- Generate revenue through sales of food and non-food products across various retail formats.
- Engage in wholesale activities for fruits, vegetables, and dairy products.
- Leverage property management and consultancy services for additional income.
- Expand revenue streams through complementary businesses like aquaculture and training programs.
- Utilize e-commerce platforms to reach a wider customer base and enhance sales.
What Industry Does JRONF Operate In?
The food distribution industry is characterized by increasing competition and evolving consumer preferences towards convenience and health-conscious products. Jerónimo Martins, SGPS, S.A. operates in a competitive landscape, primarily against peers such as Loblaw Companies Limited (LBLCF) and WH Group Limited (WHGRF). The industry is witnessing a shift towards online shopping and sustainable practices, with significant growth projected in emerging markets. Jerónimo Martins is well-positioned to capitalize on these trends due to its established presence in key markets and diverse product offerings.
Who Are JRONF's Key Customers?
- Households seeking affordable grocery options in Portugal, Poland, and Colombia.
- Health-conscious consumers purchasing products from Hebe outlets.
- Businesses requiring wholesale food and non-food products.
- Consumers looking for specialty items at Jeronymo and Hussel stores.
- Local farmers and suppliers collaborating for agricultural production.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in EUR, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 45 |
| 2026-08-26 | 45 |
| 2026-08-29 | 45 |
| 2026-09-01 | 45 |
| 2026-09-04 | 45 |
| 2026-09-07 | 45 |
| 2026-09-10 | 45 |
What changed?
The score has stayed at 45.
Over the same 18 days the stock moved +0.0%.
Earnings Track Record
Jerónimo Martins, SGPS, S.A. has beaten Wall Street's EPS estimate in 7 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 15.9% above estimates on average.
Quarterly Financial Performance: Jerónimo Martins, SGPS, S.A.
Revenue for Jerónimo Martins, SGPS, S.A. came in at $10.86B during Q2 FY2026, a 4.8% improvement versus the preceding quarter. The company recorded net income of $163.3M, with diluted EPS of $0.25. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Consumer Defensive. Across the four most recent quarters, JRONF averaged $0.29 in diluted EPS.
JRONF Valuation & Market Position
With a $14.9B market cap, Jerónimo Martins, SGPS, S.A. sits in the large-cap segment of the market.
Key Financial Metrics
Return on equity for Jerónimo Martins, SGPS, S.A. stands at 20.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.8%, showing how much profit it generates from its asset base. JRONF trades at a trailing price-to-earnings ratio of 17.70, below the Consumer Defensive sector average of ~27.60x. Its free cash flow yield is 12.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.64 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 6.1%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Jerónimo Martins, SGPS, S.A.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.33 places it in the safe zone, indicating low near-term bankruptcy risk.
Company Profile
Jerónimo Martins, SGPS, S.A. operates in the Grocery Stores industry within the Consumer Defensive sector. It is headquartered in Lisbon, PT. The company is led by CEO Pedro Manuel de Castro Soares dos Santos. JRONF has traded publicly since 2012.
JRONF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Extensive retail network across multiple countries.
- Strong brand portfolio with recognized names in the market.
- Diverse revenue streams from various business segments.
- Established supply chain and logistics capabilities.
Bear Case
- Exposure to economic fluctuations in key markets.
- Dependence on consumer spending patterns.
- Challenges associated with operating in the OTC market.
- Potential: Economic downturns in key markets affecting consumer spending.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · June 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $10.86B | $163M | $0.25 |
| Q1 FY2026 | $10.37B | $139M | $0.22 |
| Q4 FY2025 | $10.97B | $189M | $0.30 |
| Q3 FY2025 | $10.60B | $248M | $0.40 |
Q2 FY2026 · filed 30 Jun 2026 · SEC EDGAR →
Based on FMP financials and quantitative analysis · Converted to USD from EUR at today's rate
JRONF Latest News
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Stocks That Hit 52-Week Highs On Tuesday
· Oct 1, 2019
JRONF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for JRONF.
Price Targets
Wall Street price target analysis for JRONF.
JRONF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for JRONF; grades run from A+ (80-100) to F (below 30).
Leadership: Pedro Manuel de Castro Soares dos Santos
CEO
Pedro Manuel de Castro Soares dos Santos has been instrumental in guiding Jerónimo Martins, SGPS, S.A. through its extensive operations in the food distribution sector. With a background in management and finance, he has held various leadership roles within the company, contributing to its strategic direction and growth initiatives. His extensive experience in the retail industry equips him with the knowledge to navigate market challenges and drive innovation.
Track Record: Under his leadership, Jerónimo Martins has expanded its store network significantly, particularly in Poland, and has enhanced its product offerings to meet evolving consumer demands. His focus on sustainability and operational efficiency has positioned the company for long-term success.
JRONF OTC Market Information
The OTC Other tier indicates that Jerónimo Martins, SGPS, S.A. trades on the over-the-counter market, which typically involves less stringent reporting requirements and lower liquidity compared to major exchanges like NYSE or NASDAQ. This can lead to higher volatility and less transparency.
- OTC Tier: OTC Other
- Lower liquidity can result in higher volatility and trading difficulties.
- Less stringent reporting requirements may lead to less transparency.
- Potential for limited analyst coverage compared to larger exchanges.
- Increased susceptibility to market manipulation due to lower trading volumes.
- Review recent financial statements and earnings reports.
- Assess the company's market position and competitive landscape.
- Monitor regulatory changes affecting OTC stocks.
- Evaluate management's track record and strategic vision.
- Consider the company's exposure to economic fluctuations.
- Established history since 1792, indicating stability and reliability.
- Strong brand recognition in key markets enhances credibility.
- Diverse business operations reduce reliance on a single revenue stream.
What Investors Ask About Jerónimo Martins, SGPS, S.A. (JRONF) — Consumer Defensive
Is JRONF a good stock?
Stock Expert AI does not rate JRONF buy, sell or hold. Jerónimo Martins, SGPS, S.A. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What are the main risks for JRONF?
Jerónimo Martins, SGPS, S.A. faces several risks, including economic downturns in its key markets, which could negatively impact consumer spending.
How does Jerónimo Martins, SGPS, S.A. manage supply chain and input cost risks?
Jerónimo Martins, SGPS, S.A. employs a robust supply chain management strategy to mitigate risks related to input costs and supply disruptions.
What are the key factors to evaluate for JRONF?
Evaluate JRONF on fundamentals, analyst consensus, and risk factors. P/E: 17.70x vs the S&P 500's ~20-25x. Jerónimo Martins, SGPS, S.A. presents a strong investment thesis driven by its solid market presence and diversified operations. Not financial advice.
How frequently does JRONF data refresh on this page?
JRONF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven JRONF's recent stock price performance?
Jerónimo Martins, SGPS, S.A. (JRONF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive retail network across multiple countries. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider JRONF overvalued or undervalued right now?
Jerónimo Martins, SGPS, S.A. (JRONF) trades at 17.70x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of JRONF?
Yes, most major brokerages offer fractional shares of Jerónimo Martins, SGPS, S.A. (JRONF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the latest available information and may be subject to change.