Colruyt Group N.V. (COLR.BR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+85.3%

€65.22

vs €35.20 price

Levered DCF

€97.22

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.17

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.34×	13.92×	5.04×	17.15×	17.28×	16.62×	15.69×	23.47×
P/B	1.34×	1.48×	1.67×	1.37×	2.02×	2.73×	2.87×	4.08×
P/S	0.41×	0.43×	0.49×	0.35×	0.54×	0.69×	0.71×	0.95×
EV / EBITDA	6.45×	5.52×	6.32×	6.87×	7.98×	8.34×	8.33×	11.81×
Gross margin	10.0%	30.0%	29.8%	8.5%	9.5%	10.1%	9.8%	25.5%
Operating margin	2.9%	4.1%	4.3%	1.1%	2.5%	3.5%	3.8%	5.2%
Net margin	2.9%	3.1%	9.7%	2.0%	3.1%	4.2%	4.5%	4.1%
Current ratio	0.87×	0.9×	1.03×	0.78×	0.8×	0.79×	0.83×	0.83×
Debt / equity	0.26×	0.28×	0.32×	0.54×	0.39×	0.18×	0.07×	0.02×
Interest coverage	9.05×	12.2×	23.97×	8.19×	138.06×	288.25×	360.4×	985.8×
Dividend yield	3.8%	3.6%	4.3%	4.1%	3.9%	2.7%	2.7%	1.9%
Payout ratio	54.6%	50.7%	21.6%	69.7%	68.0%	44.1%	41.8%	44.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.3%	10.6%	33.1%	8.0%	11.7%	16.5%	18.3%	17.4%
Return on invested capital	5.4%	7.9%	9.7%	1.9%	4.7%	8.4%	9.5%	15.1%
Return on assets	4.7%	5.2%	16.0%	3.2%	5.0%	7.9%	9.3%	9.2%
Free cash flow yield	6.0%	5.5%	20.2%	6.9%	0.3%	3.5%	6.2%	2.1%
Earnings yield	7.0%	7.2%	19.8%	5.8%	5.8%	6.0%	6.4%	4.3%
Enterprise value	€4.6B	€4.9B	€5.5B	€4.4B	€5.8B	€7.1B	€6.7B	€8.9B
Net debt / EBITDA	0.38×	0.29×	0.28×	1.54×	1.1×	0.21×	-0.12×	-0.16×
Cash conversion cycle (days)	-2	-8	-11	7	8	1	-2	-3