Fair value cut to EUR 22.51 leaves Jeronimo Martins stock 30.19 percent below target

Published on 10/13/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales reached EUR 18.30 billion, up 5.10 percent in the first half. Jeronimo Martins stock costs EUR 17.29 on October 13, 2026 versus EUR 17.05.

Simply Wall St lowered its fair value estimate from EUR 23.03 to EUR 22.51 on October 7, 2026.
First-half 2026 sales rose 5.10 percent to EUR 18.30 billion, while EBITDA increased 7.60 percent to EUR 1.20 billion.
Jeronimo Martins stock was EUR 17.29 at Lang & Schwarz on October 13, 2026, against the Xetra close of EUR 17.05 on October 12, 2026.
The company is scheduled to report third-quarter 2026 results on October 28, 2026.

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Jeronimo Martins (ISIN PTJMT0AE0001) was trading at EUR 17.29 at Lang & Schwarz on October 13, 2026 at 9:30 a.m. CEST, plus 1.41 percent versus the Xetra close of October 12, 2026 at EUR 17.05. Simply Wall St said on October 7, 2026 that its fair value estimate had been lowered from EUR 23.03 to EUR 22.51, leaving the Lang & Schwarz price 30.19 percent below that estimate.

Three results points shape the story

Jeronimo Martins reported fiscal 2025 sales of EUR 35.99 billion and EBITDA of EUR 2.48 billion on March 19, 2026. Its first-quarter 2026 revenue reached EUR 8.90 billion, up 6.30 percent year over year, while net income fell 6.30 percent to EUR 119.00 million, according to Simply Wall St on May 7, 2026. The latest reported period came on July 30, 2026, when first-half sales rose 5.10 percent to EUR 18.30 billion and EBITDA increased 7.60 percent to EUR 1.20 billion, as Yahoo Finance reported from the earnings call.

What does the margin show?

The first-half EBITDA margin improved from 6.60 percent to 6.80 percent, a 0.20 percentage-point increase, despite food-price deflation in Poland and higher labor, rental and fuel costs. Yahoo Finance quoted management as saying that market conditions were expected to remain difficult in the second half, making volume growth and cost control central to the next results cycle.

October results set the next test

Simply Wall St lists October 28, 2026 as the next earnings date for the third quarter of 2026. That report will show whether the 5.10 percent first-half sales increase and the 6.80 percent margin can be sustained while Polish food retail remains highly promotional.

Stock sits below the fair value estimate

At EUR 17.29, the Lang & Schwarz quote stood 30.19 percent below the EUR 22.51 fair value estimate on October 13, 2026. The finance quote placed Jeronimo Martins at a market capitalization of EUR 10.8 billion and showed a 52-week range of EUR 15.90 to EUR 22.68.

The further course of trading is shown by the continuously updated real-time quote of Jeronimo Martins stock.