Jerónimo Martins SGPS S.A
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
Jerónimo Martins SGPS S.A (JRONF) - Net Assets
Latest net assets as of September 2025: $3.35 Billion USD
Based on the latest financial reports, Jerónimo Martins SGPS S.A (JRONF) has net assets worth $3.35 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.57 Billion) and total liabilities ($12.22 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.35 Billion |
| % of Total Assets | 21.53% |
| Annual Growth Rate | 12.35% |
| 5-Year Change | 44.12% |
| 10-Year Change | 104.18% |
| Growth Volatility | 21.29 |
Jerónimo Martins SGPS S.A - Net Assets Trend (2003–2024)
This chart illustrates how Jerónimo Martins SGPS S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jerónimo Martins SGPS S.A (2003–2024)
The table below shows the annual net assets of Jerónimo Martins SGPS S.A from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.25 Billion | +6.06% |
| 2023-12-31 | $3.07 Billion | +18.65% |
| 2022-12-31 | $2.58 Billion | +2.09% |
| 2021-12-31 | $2.53 Billion | +12.17% |
| 2020-12-31 | $2.26 Billion | +1.27% |
| 2019-12-31 | $2.23 Billion | +10.55% |
| 2018-12-31 | $2.02 Billion | +0.15% |
| 2017-12-31 | $2.01 Billion | +1.14% |
| 2016-12-31 | $1.99 Billion | +24.94% |
| 2015-12-31 | $1.59 Billion | -2.77% |
| 2014-12-31 | $1.64 Billion | +6.45% |
| 2013-12-31 | $1.54 Billion | +12.09% |
| 2012-12-31 | $1.37 Billion | -3.40% |
| 2011-12-31 | $1.42 Billion | +25.61% |
| 2010-12-31 | $1.13 Billion | +6.20% |
| 2009-12-31 | $1.07 Billion | +14.45% |
| 2008-12-31 | $931.12 Million | +7.74% |
| 2007-12-31 | $864.21 Million | +12.63% |
| 2006-12-31 | $767.28 Million | +14.42% |
| 2005-12-31 | $670.57 Million | +17.81% |
| 2004-12-31 | $569.21 Million | +102.02% |
| 2003-12-31 | $281.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jerónimo Martins SGPS S.A'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 266056400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.46 Billion | 81.84% |
| Common Stock | $629.00 Million | 20.92% |
| Total Equity | $3.01 Billion | 100.00% |
Jerónimo Martins SGPS S.A Competitors by Market Cap
The table below lists competitors of Jerónimo Martins SGPS S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OR Royalties Inc.
F:OM40
|
$5.91 Billion |
|
StandardAero, Inc.
NYSE:SARO
|
$5.91 Billion |
|
H & M Hennes & Mauritz AB (publ)
PINK:HMRZF
|
$5.91 Billion |
|
Isuzu Motors Ltd
PINK:ISUZY
|
$5.92 Billion |
|
GATX Corporation
NYSE:GATX
|
$5.91 Billion |
|
Rede D'Or São Luiz S.A.
SA:RDOR3
|
$5.91 Billion |
|
PCCW Limited
PINK:PCCWY
|
$5.90 Billion |
|
Suzano S.A.
SA:SUZB3
|
$5.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jerónimo Martins SGPS S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,814,000,000 to 3,006,000,000, a change of 192,000,000 (6.8%).
- Net income of 599,000,000 contributed positively to equity growth.
- Dividend payments of 429,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 110,000,000.
- Other factors decreased equity by 88,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $599.00 Million | +19.93% |
| Dividends Paid | $429.00 Million | -14.27% |
| Other Comprehensive Income | $110.00 Million | +3.66% |
| Other Changes | $-88.00 Million | -2.93% |
| Total Change | $- | 6.82% |
Book Value vs Market Value Analysis
This analysis compares Jerónimo Martins SGPS S.A'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: 4.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $-0.26 | $21.50 | x |
| 2004-12-31 | $0.62 | $21.50 | x |
| 2005-12-31 | $0.67 | $21.50 | x |
| 2006-12-31 | $0.78 | $21.50 | x |
| 2007-12-31 | $0.46 | $21.50 | x |
| 2008-12-31 | $1.03 | $21.50 | x |
| 2009-12-31 | $1.24 | $21.50 | x |
| 2010-12-31 | $1.34 | $21.50 | x |
| 2011-12-31 | $1.78 | $21.50 | x |
| 2012-12-31 | $1.79 | $21.50 | x |
| 2013-12-31 | $2.07 | $21.50 | x |
| 2014-12-31 | $2.22 | $21.50 | x |
| 2015-12-31 | $2.13 | $21.50 | x |
| 2016-12-31 | $2.77 | $21.50 | x |
| 2017-12-31 | $2.84 | $21.50 | x |
| 2018-12-31 | $2.83 | $21.50 | x |
| 2019-12-31 | $3.14 | $21.50 | x |
| 2020-12-31 | $3.20 | $21.50 | x |
| 2021-12-31 | $3.62 | $21.50 | x |
| 2022-12-31 | $3.71 | $21.50 | x |
| 2023-12-31 | $4.48 | $21.50 | x |
| 2024-12-31 | $4.78 | $21.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jerónimo Martins SGPS S.A 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): 19.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 2.19x
- • Equity Multiplier: 5.09x
- Recent ROE (19.93%) is below the historical average (25.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | 1.70% | 1.62x | 0.00x | $71.08 Million |
| 2004 | 27.08% | 2.65% | 1.56x | 6.54x | $58.35 Million |
| 2005 | 26.29% | 2.88% | 1.61x | 5.65x | $68.40 Million |
| 2006 | 23.61% | 2.64% | 1.69x | 5.30x | $66.96 Million |
| 2007 | 52.12% | 2.82% | 1.71x | 10.80x | $121.95 Million |
| 2008 | 25.12% | 2.37% | 1.85x | 5.73x | $98.23 Million |
| 2009 | 25.75% | 2.62% | 2.00x | 4.92x | $122.54 Million |
| 2010 | 33.25% | 3.10% | 2.18x | 4.92x | $196.50 Million |
| 2011 | 30.36% | 3.46% | 2.25x | 3.90x | $228.18 Million |
| 2012 | 32.12% | 3.37% | 2.32x | 4.11x | $248.25 Million |
| 2013 | 29.32% | 3.23% | 2.38x | 3.81x | $251.90 Million |
| 2014 | 21.62% | 2.38% | 2.45x | 3.71x | $162.13 Million |
| 2015 | 24.84% | 2.43% | 2.57x | 3.97x | $199.17 Million |
| 2016 | 34.13% | 4.06% | 2.57x | 3.27x | $419.42 Million |
| 2017 | 21.55% | 2.37% | 2.53x | 3.60x | $206.57 Million |
| 2018 | 22.56% | 2.31% | 2.60x | 3.75x | $223.25 Million |
| 2019 | 19.74% | 2.09% | 1.91x | 4.94x | $192.37 Million |
| 2020 | 15.54% | 1.62% | 2.05x | 4.69x | $111.19 Million |
| 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 |
Industry Comparison
This section compares Jerónimo Martins SGPS S.A's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $2,940,586,128
- Average return on equity (ROE) among peers: 6.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jerónimo Martins SGPS S.A (JRONF) | $3.35 Billion | 0.00% | 3.65x | $5.91 Billion |
| Asian Citrus Holdings Limited (ACITF) | $-186.47 Million | 0.00% | 0.00x | $2.98 Million |
| Amsterdam Commodities NV (ACNFF) | $407.10 Million | 9.76% | 0.84x | $397.21 Million |
| AiXin Life International Inc (AIXN) | $-74.82K | 0.00% | 0.00x | $360.40K |
| The Andersons Inc (ANDE) | $89.84 Million | 11.22% | 3.82x | $2.24 Billion |
| Mission Produce Inc (AVO) | $313.45 Million | 23.10% | 0.98x | $484.25 Million |
| Bid Corporation Limited (BPPPF) | $26.79 Billion | 13.23% | 1.31x | $7.96 Billion |
| Bunzl plc (BZLFF) | $1.31 Billion | 20.26% | 2.48x | $8.90 Billion |
| Ceres Global Ag Corp (CERGF) | $121.29 Million | -14.37% | 0.73x | $28.68 Million |
| Century Global Commodities Corp (CEUMF) | $21.67 Million | -12.45% | 0.12x | $844.53K |
| The Chefs Warehouse Inc (CHEF) | $537.65 Million | 10.32% | 2.46x | $2.29 Billion |