Cash flow Ahold Delhaize N.V.

Equities

NL0011794037

Food Retail & Distribution

Market Closed - Euronext Amsterdam Other stock markets 10:25:00 12/02/2026 pm IST			5-day change	1st Jan Change
39.50 ^EUR	+2.01%		+13.67%	+13.28%

12/02	AHOLD DELHAIZE : JP Morgan keeps a Sell rating	ZD
12/02	AHOLD DELHAIZE : Gets a Neutral rating from Bernstein	ZD

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Published financial data: AHOLD DELHAIZE N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	7.47TCr	7.56TCr	8.7TCr	8.86TCr	8.94TCr
Total Revenues	7.47TCr	7.56TCr	8.7TCr	8.86TCr	8.94TCr
Cost of Goods Sold, Total	5.41TCr	5.49TCr	6.37TCr	6.49TCr	6.56TCr
Gross Profit	2.07TCr	2.07TCr	2.33TCr	2.38TCr	2.38TCr
Selling General & Admin Expenses, Total	1.7TCr	1.78TCr	2TCr	2.09TCr	2.08TCr
Other Operating Expenses	-	-53Cr	-66Cr	-50Cr	-43Cr
Other Operating Expenses, Total	1.7TCr	1.73TCr	1.94TCr	2.04TCr	2.04TCr
Operating Income	363.6Cr	338.7Cr	390.8Cr	340.6Cr	340.6Cr
Interest Expense, Total	-50Cr	-52Cr	-60Cr	-72Cr	-76Cr
Interest And Investment Income	3.5Cr	2.9Cr	6.9Cr	17Cr	22Cr
Net Interest Expenses	-46Cr	-49Cr	-54Cr	-54Cr	-54Cr
Income (Loss) On Equity Invest.	2.2Cr	3.3Cr	4.4Cr	3Cr	2.3Cr
Currency Exchange Gains (Loss)	-50L	-30L	1.3Cr	40L	10L
Other Non Operating Income (Expenses)	-40L	-70L	-1.3Cr	10L	-10L
EBT, Excl. Unusual Items	318.9Cr	292.1Cr	341.7Cr	289.7Cr	288.8Cr
Restructuring Charges	-141.3Cr	-2.3Cr	7.8Cr	-20Cr	-41Cr
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-10L	-6.6Cr	-	-
Asset Writedown	-4.8Cr	-6Cr	-17Cr	-38Cr	-23Cr
Other Unusual Items	-	-	-	1Cr	-
EBT, Incl. Unusual Items	172.8Cr	283.7Cr	326Cr	233Cr	224.5Cr
Income Tax Expense	33Cr	59Cr	71Cr	46Cr	48Cr
Earnings From Continuing Operations	139.7Cr	224.6Cr	254.6Cr	187.4Cr	176.4Cr
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	139.7Cr	224.6Cr	254.6Cr	187.4Cr	176.4Cr
Minority Interest	-	-	-	-	-
Net Income - (IS)	139.7Cr	224.6Cr	254.6Cr	187.4Cr	176.4Cr
Net Income to Common Incl Extra Items	139.7Cr	224.6Cr	254.6Cr	187.4Cr	176.4Cr
Net Income to Common Excl. Extra Items	139.7Cr	224.6Cr	254.6Cr	187.4Cr	176.4Cr
Per Share Items
Net EPS - Basic	1.31	2.18	2.56	1.95	1.9
Basic EPS - Continuing Operations	1.31	2.18	2.56	1.95	1.9
Basic Weighted Average Shares Outstanding	106.7Cr	102.8Cr	100Cr	96Cr	93Cr
Net EPS - Diluted	1.3	2.17	2.54	1.94	1.89
Diluted EPS - Continuing Operations	1.3	2.17	2.54	1.94	1.89
Diluted Weighted Average Shares Outstanding	107.2Cr	103.4Cr	100.1Cr	97Cr	93Cr
Normalized Basic EPS	1.87	1.78	2.15	1.88	1.94
Normalized Diluted EPS	1.86	1.77	2.13	1.87	1.93
Dividend Per Share	0.9	0.95	1.05	1.1	1.17
Payout Ratio	73.44	38.11	38.45	55.71	58.79
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	514.2Cr	495.3Cr	567Cr	514.6Cr	508.1Cr
EBITA	368.5Cr	343.7Cr	396Cr	345.2Cr	344.7Cr
EBIT	363.6Cr	338.7Cr	390.8Cr	340.6Cr	340.6Cr
EBITDAR	520.1Cr	501.1Cr	574Cr	522.1Cr	514.6Cr
Effective Tax Rate - (Ratio)	19.16	20.83	21.9	19.57	21.43
Current Domestic Taxes	13Cr	17Cr	16Cr	14Cr	10Cr
Current Foreign Taxes	40Cr	36Cr	40Cr	30Cr	32Cr
Total Current Taxes	53Cr	54Cr	55Cr	44Cr	42Cr
Deferred Domestic Taxes	7.3Cr	-50L	-	3.7Cr	-4Cr
Deferred Foreign Taxes	-27Cr	6.1Cr	16Cr	-2.3Cr	9.8Cr
Total Deferred Taxes	-19Cr	5.6Cr	16Cr	1.4Cr	5.8Cr
Normalized Net Income	199.31Cr	182.56Cr	213.56Cr	181.06Cr	180.5Cr
Interest Capitalized	60L	50L	20L	20L	30L
Interest on Long-Term Debt	36Cr	34Cr	36Cr	38Cr	42Cr
Non-Cash Pension Expense	9.7Cr	-11Cr	1Cr	3.4Cr	26Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.44TCr	1.49TCr	1.7TCr	1.73TCr	1.72TCr
General and Administrative Expenses	265.7Cr	288.3Cr	304.4Cr	352.5Cr	361.8Cr
Net Rental Expense, Total	5.9Cr	5.8Cr	7Cr	7.5Cr	6.5Cr
Imputed Operating Lease Interest Expense	1.58Cr	1.53Cr	1.95Cr	2.44Cr	2.09Cr
Imputed Operating Lease Depreciation	4.32Cr	4.27Cr	5.05Cr	5.06Cr	4.41Cr
Stock-Based Comp., Other (Total)	5.9Cr	4.8Cr	6.5Cr	5.3Cr	4.2Cr
Total Stock-Based Compensation	5.9Cr	4.8Cr	6.5Cr	5.3Cr	4.2Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	293.3Cr	299.3Cr	308.2Cr	348.4Cr	616.9Cr
Short Term Investments	4.4Cr	-	-	-	-
Trading Asset Securities, Total	13Cr	14Cr	12Cr	-	-
Total Cash And Short Term Investments	310.4Cr	312.8Cr	320.7Cr	348.4Cr	616.9Cr
Accounts Receivable, Total	111.3Cr	114.6Cr	133.7Cr	149.2Cr	147.2Cr
Other Receivables	100.8Cr	104.8Cr	118.5Cr	116.2Cr	146.1Cr
Notes Receivable	50L	4.3Cr	1.3Cr	1.2Cr	1.4Cr
Total Receivables	212.6Cr	223.7Cr	253.5Cr	266.6Cr	294.7Cr
Inventory	324.5Cr	372.8Cr	461.1Cr	458.3Cr	479.7Cr
Prepaid Expenses	34Cr	39Cr	30Cr	33Cr	37Cr
Other Current Assets, Total	12Cr	10Cr	16Cr	40Cr	24Cr
Total Current Assets	892.8Cr	958.4Cr	1.08TCr	1.15TCr	1.45TCr
Gross Property Plant And Equipment	2.91TCr	3.34TCr	3.63TCr	3.61TCr	3.82TCr
Accumulated Depreciation	-1.1TCr	-1.25TCr	-1.42TCr	-1.48TCr	-1.64TCr
Net Property Plant And Equipment	1.82TCr	2.08TCr	2.21TCr	2.13TCr	2.18TCr
Long-term Investments	23Cr	24Cr	26Cr	30Cr	28Cr
Goodwill	683.1Cr	764.3Cr	792.1Cr	778.8Cr	809Cr
Other Intangibles, Total	473.4Cr	512.7Cr	525.3Cr	521Cr	533Cr
Accounts Receivable Long-Term	40Cr	48Cr	52Cr	54Cr	58Cr
Loans Receivable Long-Term	4.2Cr	4.1Cr	2.3Cr	12Cr	15Cr
Deferred Tax Assets Long-Term	32Cr	29Cr	24Cr	20Cr	16Cr
Other Long-Term Assets, Total	105.9Cr	146.1Cr	142.3Cr	88Cr	93Cr
Total Assets	4.07TCr	4.57TCr	4.86TCr	4.78TCr	5.18TCr
Liabilities
Accounts Payable, Total	679.5Cr	756.3Cr	819.1Cr	827.8Cr	852.4Cr
Accrued Expenses, Total	305.5Cr	339.1Cr	355.8Cr	348.8Cr	362.2Cr
Short-term Borrowings	76Cr	95Cr	92Cr	101.7Cr	225.7Cr
Current Portion of Long-Term Debt	35Cr	20Cr	23Cr	79Cr	63Cr
Current Portion of Leases	114.3Cr	120.1Cr	132.7Cr	128.1Cr	144.4Cr
Current Income Taxes Payable	13Cr	9.6Cr	23Cr	11Cr	10Cr
Unearned Revenue Current, Total	41Cr	49Cr	38Cr	37Cr	42Cr
Other Current Liabilities	18Cr	29Cr	24Cr	27Cr	40Cr
Total Current Liabilities	1.28TCr	1.42TCr	1.51TCr	1.56TCr	1.74TCr
Long-Term Debt	386.3Cr	467.8Cr	452.7Cr	415.7Cr	519.7Cr
Long-Term Leases	844.2Cr	1.01TCr	1.06TCr	1.05TCr	1.08TCr
Unearned Revenue Non Current	5.4Cr	5.1Cr	3.3Cr	2.6Cr	5.7Cr
Pension & Other Post Retirement Benefits	123.5Cr	110.7Cr	70Cr	79Cr	55Cr
Deferred Tax Liability Non Current	66Cr	75Cr	100.5Cr	92Cr	105.1Cr
Other Non Current Liabilities	119Cr	116.9Cr	116.9Cr	101.2Cr	132.5Cr
Total Liabilities	2.83TCr	3.2TCr	3.32TCr	3.31TCr	3.64TCr
Common Stock, Total	1.1Cr	1Cr	1Cr	1Cr	90L
Additional Paid In Capital	1.22TCr	1.1TCr	960.3Cr	841.3Cr	751.6Cr
Retained Earnings	-	-	-	-	-
Comprehensive Income and Other	18Cr	272.3Cr	579.2Cr	633.2Cr	792.9Cr
Total Common Equity	1.24TCr	1.37TCr	1.54TCr	1.48TCr	1.55TCr
Minority Interest	-	-	-	-	-
Total Equity	1.24TCr	1.37TCr	1.54TCr	1.48TCr	1.55TCr
Total Liabilities And Equity	4.07TCr	4.57TCr	4.86TCr	4.78TCr	5.18TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	104.7Cr	101.13Cr	98Cr	95Cr	91Cr
ECS Total Common Shares Outstanding	104.7Cr	101.13Cr	98Cr	95Cr	91Cr
Book Value / Share	11.87	13.57	15.76	15.6	16.92
Tangible Book Value	87Cr	95Cr	223.1Cr	175.7Cr	203.4Cr
Tangible Book Value Per Share	0.83	0.94	2.28	1.86	2.23
Total Debt	1.46TCr	1.71TCr	1.76TCr	1.78TCr	2.03TCr
Net Debt	1.14TCr	1.4TCr	1.44TCr	1.43TCr	1.42TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	68Cr	54Cr	28Cr	39Cr	12Cr
Debt Equivalent Oper. Leases	47Cr	46Cr	56Cr	60Cr	52Cr
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	23Cr	24Cr	26Cr	27Cr	28Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	6.4Cr	8.3Cr	11Cr	9.7Cr	11Cr
Inventories - Finished Goods, Total	318.1Cr	364.5Cr	450.4Cr	448.6Cr	469Cr
Buildings, Total	1.23TCr	1.36TCr	1.47TCr	1.45TCr	1.53TCr
Machinery, Total	-	-	-	-	-
Full Time Employees	1L	1L	1L	1L	1L
Part Time Employees	3L	3L	3L	3L	3L
Accumulated Allowance for Doubtful Accounts (Supple)	9.7Cr	9.6Cr	10Cr	11Cr	12Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	139.7Cr	224.6Cr	254.6Cr	187.4Cr	176.4Cr
Depreciation & Amortization - CF	254Cr	265Cr	301Cr	302.9Cr	296.8Cr
Amortization of Goodwill and Intangible Assets - (CF)	4.9Cr	5Cr	5.2Cr	4.6Cr	4.1Cr
Depreciation & Amortization, Total	258.9Cr	270Cr	306.2Cr	307.5Cr	300.9Cr
Amortization of Deferred Charges, Total - (CF)	26Cr	31Cr	37Cr	39Cr	47Cr
(Gain) Loss From Sale Of Asset	-4.8Cr	-7.2Cr	-21Cr	17Cr	17Cr
Asset Writedown & Restructuring Costs	4.8Cr	6.1Cr	24Cr	38Cr	23Cr
(Income) Loss On Equity Investments - (CF)	-2.2Cr	-3.3Cr	-4.4Cr	-3Cr	-2.3Cr
Stock-Based Compensation (CF)	5.9Cr	4.8Cr	6.5Cr	5.3Cr	4.2Cr
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	32Cr	17Cr	88Cr	81Cr	57Cr
Change In Accounts Receivable	-30Cr	-4.3Cr	-16Cr	-20Cr	-22Cr
Change In Inventories	-8.9Cr	-28Cr	-75Cr	-8.8Cr	-3Cr
Change In Accounts Payable	131.9Cr	58Cr	45Cr	24Cr	14Cr
Change in Other Net Operating Assets	82Cr	-22Cr	-33Cr	-20Cr	9.7Cr
Cash from Operations	634.3Cr	546.8Cr	611Cr	646.6Cr	622.4Cr
Capital Expenditure	-265.9Cr	-237.1Cr	-249Cr	-243.4Cr	-229.9Cr
Sale of Property, Plant, and Equipment	11Cr	8.2Cr	29Cr	14Cr	25Cr
Cash Acquisitions	-40L	-53Cr	-2Cr	-3.4Cr	-2.6Cr
Divestitures	-30L	-50L	1.2Cr	-13Cr	2.1Cr
Investment in Marketable and Equity Securities, Total	-6Cr	4.4Cr	-	12Cr	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	9.9Cr	10Cr	12Cr	12Cr	12Cr
Other Investing Activities, Total	4.4Cr	4.2Cr	8.1Cr	1.1Cr	20Cr
Cash from Investing	-247.5Cr	-263.4Cr	-201.4Cr	-220.9Cr	-172.7Cr
Short Term Debt Issued, Total	-	9Cr	-	9.7Cr	121.7Cr
Long-Term Debt Issued, Total	51Cr	85Cr	-	50Cr	159.4Cr
Total Debt Issued	51Cr	94Cr	-	60Cr	281.1Cr
Short Term Debt Repaid, Total	-56Cr	-	-9.3Cr	-	-
Long-Term Debt Repaid, Total	-202.2Cr	-199.6Cr	-191.7Cr	-210.6Cr	-252.5Cr
Total Debt Repaid	-257.8Cr	-199.6Cr	-201Cr	-210.6Cr	-252.5Cr
Repurchase of Common Stock	-100.1Cr	-99Cr	-100Cr	-100Cr	-100Cr
Common Dividends Paid	-102.6Cr	-86Cr	-98Cr	-104.4Cr	-103.7Cr
Common & Preferred Stock Dividends Paid	-102.6Cr	-86Cr	-98Cr	-104.4Cr	-103.7Cr
Other Financing Activities, Total	-15Cr	-14Cr	-20Cr	-23Cr	-23Cr
Cash from Financing	-425.1Cr	-305.2Cr	-418.8Cr	-378.1Cr	-198.3Cr
Foreign Exchange Rate Adjustments	-41Cr	28Cr	18Cr	-5.4Cr	17Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-10L	-
Net Change in Cash	-79Cr	5.8Cr	8.6Cr	42Cr	268.2Cr
Supplemental Items
Cash Interest Paid	15Cr	14Cr	17Cr	23Cr	23Cr
Cash Income Tax Paid (Refund)	49Cr	93Cr	40Cr	20Cr	47Cr
Levered Free Cash Flow	319.61Cr	311.01Cr	269.5Cr	231.7Cr	303.45Cr
Unlevered Free Cash Flow	350.55Cr	343.39Cr	307.25Cr	276.58Cr	351.08Cr
Change In Net Working Capital	-99Cr	-63Cr	38Cr	45Cr	-16Cr
Net Debt Issued / Repaid	-207.1Cr	-105.8Cr	-201Cr	-150.9Cr	29Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.53	4.9	5.18	4.42	4.27
Return on Total Capital	8.04	7.33	7.65	6.49	6.23
Return On Equity %	10.54	17.18	17.48	12.43	11.68
Return on Common Equity	10.54	17.18	17.48	12.43	11.68
Margin Analysis
Gross Profit Margin %	27.67	27.36	26.78	26.81	26.64
SG&A Margin	22.81	23.58	23.05	23.53	23.31
EBITDA Margin %	6.88	6.55	6.52	5.8	5.69
EBITA Margin %	4.93	4.55	4.55	3.89	3.86
EBIT Margin %	4.87	4.48	4.49	3.84	3.81
Income From Continuing Operations Margin %	1.87	2.97	2.93	2.11	1.97
Net Income Margin %	1.87	2.97	2.93	2.11	1.97
Net Avail. For Common Margin %	1.87	2.97	2.93	2.11	1.97
Normalized Net Income Margin	2.67	2.41	2.46	2.04	2.02
Levered Free Cash Flow Margin	4.28	4.11	3.1	2.61	3.4
Unlevered Free Cash Flow Margin	4.69	4.54	3.53	3.12	3.93
Asset Turnover
Asset Turnover	1.82	1.75	1.85	1.84	1.79
Fixed Assets Turnover	4.15	3.88	4.05	4.06	4.14
Receivables Turnover (Average Receivables)	68.5	66.93	70.06	62.67	60.29
Inventory Turnover (Average Inventory)	16.4	15.75	15.27	14.11	13.98
Short Term Liquidity
Current Ratio	0.7	0.68	0.72	0.73	0.84
Quick Ratio	0.41	0.38	0.38	0.39	0.52
Operating Cash Flow to Current Liabilities	0.5	0.39	0.41	0.41	0.36
Days Sales Outstanding (Average Receivables)	5.42	5.44	5.2	5.81	6.04
Days Outstanding Inventory (Average Inventory)	22.62	23.11	23.83	25.79	26.04
Average Days Payable Outstanding	45.06	47.17	44.4	46.14	46.5
Cash Conversion Cycle (Average Days)	-17.02	-18.62	-15.38	-14.54	-14.42
Long Term Solvency
Total Debt/Equity	117.06	124.55	114.51	120.54	131.6
Total Debt / Total Capital	53.93	55.47	53.38	54.66	56.82
LT Debt/Equity	98.98	107.42	98.44	99.63	103.57
Long-Term Debt / Total Capital	45.6	47.84	45.89	45.18	44.72
Total Liabilities / Total Assets	69.45	69.98	68.27	69.15	70.19
EBIT / Interest Expense	7.35	6.54	6.47	4.74	4.47
EBITDA / Interest Expense	12.58	11.75	11.54	9.03	8.42
(EBITDA - Capex) / Interest Expense	7.2	7.17	7.42	5.64	5.4
Total Debt / EBITDA	2.34	2.81	2.53	2.74	3.17
Net Debt / EBITDA	1.84	2.29	2.07	2.21	2.21
Total Debt / (EBITDA - Capex)	4.08	4.6	3.94	4.39	4.94
Net Debt / (EBITDA - Capex)	3.21	3.76	3.22	3.53	3.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.79	1.16	15.06	1.91	0.7
Gross Profit, 1 Yr. Growth %	14.52	0.53	12.62	2.03	-0.21
EBITDA, 1 Yr. Growth %	20.06	-3.68	14.41	-9.24	-1.26
EBITA, 1 Yr. Growth %	28.8	-6.73	15.12	-12.83	-0.14
EBIT, 1 Yr. Growth %	29.35	-6.85	15.28	-12.85	0
Earnings From Cont. Operations, 1 Yr. Growth %	-20.94	60.77	13.36	-26.39	-5.87
Net Income, 1 Yr. Growth %	-20.89	60.77	13.36	-26.39	-5.87
Normalized Net Income, 1 Yr. Growth %	33.54	-8.4	16.86	-15.22	-0.31
Diluted EPS Before Extra, 1 Yr. Growth %	-18.24	66.92	17.05	-23.62	-2.58
Accounts Receivable, 1 Yr. Growth %	4.12	2.96	16.67	11.59	-1.34
Inventory, 1 Yr. Growth %	-3.05	14.88	23.69	-0.61	4.67
Net Property, Plant and Equip., 1 Yr. Growth %	1.82	14.86	5.95	-4.4	2.16
Total Assets, 1 Yr. Growth %	-1.92	12.34	6.22	-1.51	8.41
Tangible Book Value, 1 Yr. Growth %	-57.14	9.69	134.6	-21.25	15.77
Common Equity, 1 Yr. Growth %	-11.72	10.37	12.27	-4.22	4.74
Cash From Operations, 1 Yr. Growth %	16.41	-13.79	11.74	5.83	-3.74
Capital Expenditures, 1 Yr. Growth %	19.88	-10.83	5.02	-2.25	-5.55
Levered Free Cash Flow, 1 Yr. Growth %	37.9	-2.69	-13.4	-14.03	30.97
Unlevered Free Cash Flow, 1 Yr. Growth %	31.99	-2.04	-10.57	-9.98	26.94
Dividend Per Share, 1 Yr. Growth %	18.42	5.56	10.53	4.76	6.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.1	6.82	7.88	8.29	1.35
Gross Profit, 2 Yr. CAGR %	10.45	7.02	6.4	7.2	1.09
EBITDA, 2 Yr. CAGR %	10.98	7.54	5.01	1.9	-5.34
EBITA, 2 Yr. CAGR %	14.48	9.61	3.66	0.17	-6.7
EBIT, 2 Yr. CAGR %	14.67	9.77	3.67	0.24	-6.64
Earnings From Cont. Operations, 2 Yr. CAGR %	-11.83	12.74	35	-8.66	-16.76
Net Income, 2 Yr. CAGR %	-11.41	12.77	35	-8.66	-16.76
Normalized Net Income, 2 Yr. CAGR %	17.83	10.6	3.51	-0.46	-8.07
Diluted EPS Before Extra, 2 Yr. CAGR %	-7.15	16.82	39.78	-5.45	-13.74
Accounts Receivable, 2 Yr. CAGR %	4.41	3.54	9.6	14.1	4.93
Inventory, 2 Yr. CAGR %	0.76	5.54	19.2	10.88	2
Net Property, Plant and Equip., 2 Yr. CAGR %	3.11	8.14	10.32	1.17	-1.17
Total Assets, 2 Yr. CAGR %	1.08	4.96	9.24	2.28	3.33
Tangible Book Value, 2 Yr. CAGR %	-39.8	-31.44	60.41	35.92	-4.52
Common Equity, 2 Yr. CAGR %	-6.45	-1.29	11.32	3.7	0.16
Cash From Operations, 2 Yr. CAGR %	8.8	0.17	-1.85	8.74	0.93
Capital Expenditures, 2 Yr. CAGR %	22.22	3.39	-3.23	1.32	-3.91
Levered Free Cash Flow, 2 Yr. CAGR %	8.61	15.84	-8.17	-13.71	6.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.98	13.71	-6.38	-10.28	6.89
Dividend Per Share, 2 Yr. CAGR %	13.39	11.8	8.01	7.61	5.56
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.92	6.38	9.5	5.86	5.73
Gross Profit, 3 Yr. CAGR %	7.24	6.86	8.86	4.93	4.79
EBITDA, 3 Yr. CAGR %	8.71	5.86	9.8	0.03	0.83
EBITA, 3 Yr. CAGR %	14.47	6.92	11.44	-2.15	0.07
EBIT, 3 Yr. CAGR %	14.77	7	11.61	-2.15	0.16
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.39	7.72	12.95	10.29	-7.74
Net Income, 3 Yr. CAGR %	-8.39	8.06	12.97	10.29	-7.74
Normalized Net Income, 3 Yr. CAGR %	13.78	8.34	12.69	-3.15	-0.41
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.2	12.9	16.9	14.28	-4.5
Accounts Receivable, 3 Yr. CAGR %	6.67	3.92	7.74	10.26	8.7
Inventory, 3 Yr. CAGR %	1.79	5.27	11.27	12.2	8.77
Net Property, Plant and Equip., 3 Yr. CAGR %	19.3	6.89	7.41	5.54	1.5
Total Assets, 3 Yr. CAGR %	6.31	4.7	5.38	5.53	4.28
Tangible Book Value, 3 Yr. CAGR %	-37.41	-26.47	3.32	26.55	28.84
Common Equity, 3 Yr. CAGR %	-6.42	-1.15	3.04	5.88	4.04
Cash From Operations, 3 Yr. CAGR %	19.74	0.68	3.89	0.64	4.41
Capital Expenditures, 3 Yr. CAGR %	16.13	10.03	3.93	-2.9	-1.02
Levered Free Cash Flow, 3 Yr. CAGR %	22.51	4.71	5.16	-10.17	-0.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	22.18	3.88	4.98	-7.6	0.72
Dividend Per Share, 3 Yr. CAGR %	12.62	10.72	11.38	6.92	7.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.36	8.75	6.7	7.14	6.16
Gross Profit, 5 Yr. CAGR %	14.65	9.11	6.8	6.99	5.68
EBITDA, 5 Yr. CAGR %	16.78	9.82	7.22	4.27	3.48
EBITA, 5 Yr. CAGR %	19.93	12.41	10.02	4.19	3.8
EBIT, 5 Yr. CAGR %	19.94	12.53	10.2	4.26	3.91
Earnings From Cont. Operations, 5 Yr. CAGR %	10.47	22.03	6.98	0.84	-0.03
Net Income, 5 Yr. CAGR %	10.4	22.03	6.98	1.03	-0.02
Normalized Net Income, 5 Yr. CAGR %	20.88	12.36	9.56	4.75	3.88
Diluted EPS Before Extra, 5 Yr. CAGR %	3.73	21.79	12.12	5.17	3.52
Accounts Receivable, 5 Yr. CAGR %	22.96	5.52	7.83	7.88	6.61
Inventory, 5 Yr. CAGR %	14.13	2.54	8.43	7.48	7.46
Net Property, Plant and Equip., 5 Yr. CAGR %	22.14	12.11	15.62	4.56	4.11
Total Assets, 5 Yr. CAGR %	20.71	4.73	7.47	3.72	4.56
Tangible Book Value, 5 Yr. CAGR %	-25	-23.91	-8.8	-5.98	0.11
Common Equity, 5 Yr. CAGR %	17.2	-3.36	0.31	0.76	1.88
Cash From Operations, 5 Yr. CAGR %	24.35	13.58	10.58	3.83	2.7
Capital Expenditures, 5 Yr. CAGR %	27.03	12.74	7.96	6.46	0.72
Levered Free Cash Flow, 5 Yr. CAGR %	22.16	9.46	9.16	-3.08	5.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	21.54	9.82	9.84	-2.02	5.74
Dividend Per Share, 5 Yr. CAGR %	10.25	10.76	10.76	9.46	9.01

Cash flow Ahold Delhaize N.V.

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Food Retail & Distribution