JERONIMO MARTINS UN.ADR/2 (JEM0) - Net Assets
Based on the latest financial reports, JERONIMO MARTINS UN.ADR/2 (JEM0) has net assets worth €3.53 Billion EUR (≈ $4.13 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€17.06 Billion ≈ $19.94 Billion USD) and total liabilities (€13.53 Billion ≈ $15.82 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore how efficiently does JERONIMO MARTINS UN.ADR/2 generate cash to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.53 Billion |
| % of Total Assets | 20.69% |
| Annual Growth Rate | 8.65% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6.11 |
JERONIMO MARTINS UN.ADR/2 - Net Assets Trend (2021–2025)
This chart illustrates how JERONIMO MARTINS UN.ADR/2's net assets have evolved over time, based on quarterly financial data. Also explore total assets of JERONIMO MARTINS UN.ADR/2 for the complete picture of this company's asset base.
Annual Net Assets for JERONIMO MARTINS UN.ADR/2 (2021–2025)
The table below shows the annual net assets of JERONIMO MARTINS UN.ADR/2 from 2021 to 2025. For live valuation and market cap data, see JEM0 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.53 Billion ≈ $4.13 Billion |
+8.48% |
| 2024-12-31 | €3.25 Billion ≈ $3.80 Billion |
+6.06% |
| 2023-12-31 | €3.07 Billion ≈ $3.59 Billion |
+18.65% |
| 2022-12-31 | €2.58 Billion ≈ $3.02 Billion |
+2.09% |
| 2021-12-31 | €2.53 Billion ≈ $2.96 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to JERONIMO MARTINS UN.ADR/2's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 54.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.73 Billion | 83.08% |
| Other Components | €557.00 Million | 16.92% |
| Total Equity | €3.29 Billion | 100.00% |
JERONIMO MARTINS UN.ADR/2 Competitors by Market Cap
The table below lists competitors of JERONIMO MARTINS UN.ADR/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pilbara Minerals Ltd
AU:PLS
|
$13.46 Billion |
|
Summit Therapeutics PLC
NASDAQ:SMMT
|
$13.47 Billion |
|
Millicom International Cellular SA
NASDAQ:TIGO
|
$13.48 Billion |
|
Mr. Cooper Group Inc
NASDAQ:COOP
|
$13.49 Billion |
|
China CITIC Bank Corporation Limited
F:D7C
|
$13.46 Billion |
|
Jones Lang LaSalle Incorporated
NYSE:JLL
|
$13.45 Billion |
|
Galp Energia SGPS S.A.
LS:GALP
|
$13.45 Billion |
|
Jindal Steel & Power Limited
NSE:JINDALSTEL
|
$13.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JERONIMO MARTINS UN.ADR/2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,006,000,000 to 3,291,000,000, a change of 285,000,000 (9.5%).
- Net income of 646,000,000 contributed positively to equity growth.
- Dividend payments of 388,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €646.00 Million | +19.63% |
| Dividends Paid | €388.00 Million | -11.79% |
| Other Changes | €27.00 Million | +0.82% |
| Total Change | €- | 9.48% |
Book Value vs Market Value Analysis
This analysis compares JERONIMO MARTINS UN.ADR/2's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.20x to 7.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €3.62 | €40.60 | x |
| 2022-12-31 | €3.71 | €40.60 | x |
| 2023-12-31 | €4.48 | €40.60 | x |
| 2024-12-31 | €4.78 | €40.60 | x |
| 2025-12-31 | €5.24 | €40.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JERONIMO MARTINS UN.ADR/2 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 2.11x
- • Equity Multiplier: 5.18x
- Recent ROE (19.63%) is below the historical average (22.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 20.32% | 2.22% | 2.01x | 4.55x | €235.20 Million |
| 2022 | 25.31% | 2.32% | 2.14x | 5.08x | €356.90 Million |
| 2023 | 26.87% | 2.47% | 2.14x | 5.08x | €474.60 Million |
| 2024 | 19.93% | 1.79% | 2.19x | 5.09x | €298.40 Million |
| 2025 | 19.63% | 1.79% | 2.11x | 5.18x | €316.90 Million |
Industry Comparison
This section compares JERONIMO MARTINS UN.ADR/2's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $2,334,317,103
- Average return on equity (ROE) among peers: 6.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JERONIMO MARTINS UN.ADR/2 (JEM0) | €3.53 Billion | 20.32% | 3.83x | $13.46 Billion |
| Kernel Holding SA (0KE) | $1.69 Billion | -2.44% | 1.48x | $1.39 Billion |
| BUNZL PLC ADR/ LS-3214857 (BUZ) | $2.20 Billion | 20.10% | 2.23x | $8.59 Billion |
| OLAM GROUP LTD (K25) | $7.67 Billion | 3.63% | 3.35x | $3.00 Billion |
| HIGH QUALITY FOOD (L24) | $7.95 Million | 7.35% | 1.68x | $5.14 Million |
| WASGAU Produktions & Handels AG (MSH) | $105.80 Million | 5.13% | 2.31x | $57.42 Million |
About JERONIMO MARTINS UN.ADR/2
Jerónimo Martins, SGPS, S.A. operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally. It operates through Portugal Retail, Portugal Cash & Carry, Poland Retail, Poland Health and Beauty, and Colombia Retail segments. The company operates a chain of food stores under the Biedronka name; and a chain of health and beauty stores under the He… Read more