Jerónimo Martins SGPS SA

Jerónimo Martins SGPS SA

Jerónimo Martins SGPS SA

Overview
Date Founded

1792

Headquarters

Rua Actor António Silva, n. 7,Lisbon, Lisboa (Lisbon) 1649-033

Type of Company

Public

Employees (Worldwide)

104K

Industries

Retail: Food & Beverage
Wholesale: Consumer Non-Durables/Sundries

Company Description

Jerónimo Martins SGPS SA engages in the production, distribution and selling of food and other fast moving consumer goods product. It operates through the following segments: Portugal Retail; Portugal Cash & Carry, Poland Retail and Others, Eliminations & Adjustments. The Portugal Retail segment comprises the business unit of JMR (Pingo Doce supermarkets) and with the brand Biedronka. The Portugal Cash & Carry segment includes the wholesale business unit Recheio. The Poland Retail segment operates under Biedronka banner. The Others, Eliminations, and Adjustments segment includes unties with reduced materiality like Marketing Services and Representations. The company was founded by Jerónimo Martins in 1792 and is headquartered in Lisbon, Portugal.

In The News
Marketline Newswire
February 22, 2017
Jeronimo Martins Q4 net profit increases
Marketline Newswire
August 23, 2016
Jeronimo Martins Q2 profit up
Marketline Newswire
December 2, 2015
Jeronimo Martins Q3 net profit increases
Executives & Employees

Chairman & Chief Executive Officer

Head-Human Resources

Head-Corporate Communications & Responsibility

Head-Legal Affairs

Chief Financial Officer

Head-Information Technology

Head-Marketing & Customer

Head-Business Development

Head-Internal Audit

Head-Investor Relations

Board of Directors

Chairman & Chief Executive Officer at Jerónimo Martins SGPS SA

Director at BlackBerry Ltd.

Partner at Soltysinski Kawecki & Szlezak

Assistant Professor at Portuguese Catholic University

Professor at Northwestern University

Professor at Gelsenkirchen University of Applied Sciences

Former Chairman & Chief Executive Officer at Unilever Sanayi ve Ticaret Türk AS

Former Dean at INSEAD

Non-Executive Director at Jerónimo Martins SGPS SA

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Owners & Shareholders
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GIML is an active, specialist, research-driven manager which aims to achieve long-term capital growth for clients while mitigating volatility by diversifying portfolios across countries and sectors. They believe that long-term investment returns in emerging markets equities are delivered by identifying underpriced companies through in-house research and analysis and look to take advantage of structural changes, corporate change and market inefficiencies.The firm follows a bottom-up approach to construct portfolios which are managed by a team of investment managers with complementary areas of expertise. Portfolios are not constructed or managed by reference to a benchmark, although the investment team stays aware of country, sector and larger company weightings in the major indexes. GIML conducts company interviews to determine if a company is capable of executing their business strategy. They prepare five-year financial projections to estimate an intrinsic value for the business based on its forecast ability to repay equity owners through the free cashflow generated by the business. They record financial projections in their proprietary investment database which ranks stocks according to a range of criteria. In general, the stocks included in a client portfolio are those selling at the greatest discount to their intrinsic value.They typically invest with a five-year time horizon and believe that investment in emerging market equities is best made by a group of experienced specialist investment professionals operating as a cohesive team. Their portfolios tend to have a growth component, (containing companies with entrepreneurial management, attractive volume growth prospects and high returns on incremental capital investment); a value component (where the companies have established market positions, healthy balance sheets and strong cashflows) and a component where companies display characteristics of each style.

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Part of Eleva Services (UK) Ltd., Eleva Capital LLP is a company headquartered in London, UK, that provides investment advice. It was founded in 2014 by Eric Bendahan, he has been the CEO since the company founding.

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Somerset Capital is an active, specialist manager which aims to identify well managed, cash-flow generating companies at the right price. They do not invest according to index weights, believing this to increase risk. Their portfolios tend to have a quality and relative value bias.The firm is a Global Emerging Markets specialist which manages long-term, bottom-up, conviction-driven, concentrated portfolios. Their investment approach does not change with markets and they focus on reducing absolute risk through rigorous research and analysis. They also aim to give clients exposure to smaller companies and newer markets.They narrow down the initial universe through market-cap and liquidity filters before applying more advanced screens to approximately 300-350 stocks which will be visited and analyzed by their team of managers and analysts. This pool then feeds into their 100 stock watch list from which they construct their 40-stock portfolios. The final investment decisions are made by the firm's lead managers.

Recent Transactions
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Jerónimo Martins SGPS SA, Jerónimo Martins Colombia SAS purchase Tia SA Colombia /15 Retail Stores from Tia SA - Colombia

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Sociedade Francisco Manuel dos Santos BV purchases Monterroio – Industry & Investments BV from Jerónimo Martins SGPS SA

Details Hidden

Jerónimo Martins SGPS SA, Jeronimo Martins Polska SA purchase MarcPol SA

Transaction Advisors
Legal Advisor

Advised onJerónimo Martins SGPS SA purchases Recheio Distribution Lda. from Booker Ltd.

Accountant

Advised onJerónimo Martins SGPS SA purchases Recheio Distribution Lda. from Espar Holdings

Investment Advisor

Advised onSociedade Francisco Manuel dos Santos BV purchases Monterroio – Industry & Investments BV from Jerónimo Martins SGPS SA

Key Stats and Financials As of 2017
Market Capitalization
$8.46B
Total Enterprise Value
$10.3B
Earnings Per Share
$0.61
Revenue
$16.3B
Three Year Compounded Annual Growth Rate Of Revenue
8.68%
Five Year Compounded Annual Growth Rate Of Revenue
8.4%
Net Profit
$385M
EBITDAMargin
5.73%
Enterprise Value Sales
0.63x
Enterprise Value EBITDAOperating
11.01x
TEVNet Income
26.62x
Debt TEV
0.05x
EBITDA
$932M
Total Equity
$2.01B
Total Debt
$537M
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Awards & Honors
Rank #62
2014
Forbes - World's 100 Most Innovative Companies
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