Koninklijke Ahold Delhaize NV
AD: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€77.40 | Brdch | Ynnfnhv |
Ahold Delhaize's Strong Local Positions Should Support Profitable Growth Ahead
Business Strategy and Outlook
Koninklijke Ahold Delhaize is the fourth-largest grocer in the United States with almost $60 billion in sales. It holds the number-one or number-two position in most of the markets in which it operates, with Albert Heijn in the Netherlands the group's most successful business, commanding about 37% share. The company has generally managed its expansion and operations prudently, with low levels of financial leverage and a strategy of financing its dividend and share buybacks using its free cash flow.