The company was formed from the 2016 merger of Ahold and Delhaize Group. Ahold Delhaize operates 2,017 stores in the United States (60.7% of net sales) with a significant presence across Europe. Ahold Delhaize USA unveiled Edge, a proprietary retail media platform built for grocery, launching January 2026 to boost CPG engagement and ad performance.
Cyborg Score Rationale
Ahold Delhaize shows solid cash conversion and conservative leverage with ROE 14.04% and debt/equity 0.33. Revenue growth for FY 2024 was 0.70%, and EPS growth was −2.56%, indicating muted growth. Free cash flow per share is €5.29 and operating cash flow per share is €7.35, delivering a free cash flow yield of 15.46%.
Top Insights
AD.AS trades at PE 15.21, below the sector average PE of 24.29, suggesting a discount for slower growth but stronger cash metrics.
Company reported Q4 earnings on February 11, 2026 with investors watching margins and U.S. grocery performance as primary drivers.
Dividend per share is €1.18 with yield 3.42% and payout ratio 51.79%, with sustainable coverage given strong cash flow.
Strategic positioning is enhanced by diverse geographic footprint across Europe and the United States, with focus on sustainability and digital transformation.
Named Competitors
Carrefour — European hypermarket and supermarket leader
Albertsons — U.S. supermarket chain competitor
Kroger — Major U.S. grocery retailer
Colruyt — Belgian supermarket operator
Recent Developments
(January 2026) Launched Edge, proprietary retail media platform for U.S. grocery brands
(November 2025) Completed rollout of digital and e-commerce platform across all five U.S. brands
(February 2026) Q4 2025 earnings report with strong U.S. momentum and positive 2026 outlook
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