Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
JMT.LSthis companyJerónimo Martins, SGPS, S.A.	€19.52	19.67×	3.87×	0.35×	6.54×	39.9%	17.5%	3.6%	1.8%	19.7%	10.3%	10.4%	1.69×	1.35×	3.51×	0.62×	2.9%	6	2.94	3	B+
AD.ASKoninklijke Ahold Delhaize N.V.	€34.13	13.89×	2.21×	0.34×	6.34×	271.9%	26.5%	3.8%	2.5%	15.9%	7.7%	22.2%	1.3×	2.03×	4.35×	0.71×	3.4%	6	2.69	3	B+
AXFO.STAxfood AB (publ)	SEK 284.00	26.77×	8.34×	0.7×	9.95×	75.1%	14.7%	3.2%	2.6%	31.1%	8.8%	8.6%	2.05×	1.85×	4.87×	0.71×	3.1%	6	3.83	3	B
DNP.WADino Polska S.A.	PLN 37.94	26.01×	4.68×	1.21×	15.79×	-84.5%	22.1%	6.1%	4.6%	18.0%	17.4%	0.4%	0.09×	-0.08×	16.58×	0.82×	0.0%	6	6.25	4	A-
KESKOA.HEKesko Oyj	€24.40	18.88×	2.74×	0.61×	11.13×	-3.8%	2.4%	3.3%	3.2%	14.4%	5.0%	2.9%	1.28×	3.42×	2.95×	0.97×	4.8%	6	2.82	3	B-
ZAZAB.WAZabka Group S.A.	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Peer median	—	22.44×	3.71×	0.66×	10.54×	35.6%	18.4%	3.6%	2.9%	17.0%	8.2%	5.7%	1.29×	1.94×	4.61×	0.77×	3.2%	6	3.33	3	—