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Delayed Quote. Delayed Euronext Bruxelles - 03/06 11:35:03 am
83.72 EUR   -0.21%
11:36a DELHAIZE : Hannaford president to retire; successor named
03/05DJADR Shares End Mixed; Aviva Shares Rise
03/05 DELHAIZE : to continue Food Lion investments following strong Q4
Analysis summary4-Traders Strategies 

DELHAIZE GROUP : Positive opinion above 41.05 EUR

01/24/2012 | 04:32am
Opinion : Bullish above EUR 41.05
Target price : EUR 46.85
Stop loss: EUR 39.5
Food Retail & Distribution

The company "Delhaize Group" shows relatively strong fundamentals and is coming back to attractive price

The stock Delhaize Group is in oversold situation and in proximity of an important level 41.1 EUR. This scenario gives credit to possible technical rebound. Thus the Delhaize Group 's share price could find new energy and moving towards next resistance placed to 43.9 EUR.

From a fundamental viewpoint, the company seems weak valued in terms of enterprise value. Basing on the current price, the enterprise's capitalization, reprocessed its financial position net of debt, representing approximately 0.32 times its turnover. These value match just 8.54 and 8.58 times the two next years' results.

Therefore, we might consider the support's proximity of 41.05 EUR as an opportunity to buy Delhaize Group's share. We will aim at first target price of 43.9 EUR that is potential gain of 3.7%. Only if the security overcomes this resistance's level we could forecast an upwards trend. We should cover the position with a stop loss under the support's level already tested.

DELHAIZE GROUP : DELHAIZE GROUP : Positive opinion above 41.05 EUR

Etienne Veber
© 2012

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Financial Ratios

Size 2014e 2015e
Capitalization 8 687 M€ -
Entreprise Value (EV) 10 189 M€ 9 568 M€
Valuation 2014e 2015e
PER (Price / EPS) 28,2x 18,1x
Capitalization / Revenue 0,41x 0,37x
EV / Revenue 0,48x 0,41x
EV / EBITDA 7,82x 6,51x
Yield (DPS / Price) 1,62% 1,92%
Price to book (Price / BVPS) 1,63x 1,54x
Profitability 2014e 2015e
Operating Margin (EBIT / Sales) 3,07% 3,44%
operating Leverage (Delta EBIT / Delta Sales) - 2,34x
Net Margin (Net Profit / Revenue) 1,40% 1,99%
ROA (Net Profit / Asset) 4,12% 5,15%
ROE (Net Profit / Equities) 6,89% 9,04%
Rate of Dividend 45,6% 34,7%
Balance Sheet Analysis 2014e 2015e
CAPEX / Sales   2,89% 3,21%
Cash Flow / Sales (Taux d'autofinancement) 4,78% 4,71%
Capital Intensity (Assets / Sales) 0,34x 0,39x
Financial Leverage (Net Debt / EBITDA) 1,15x 0,60x
Income Statement Evolution
More Financials
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