- Sonae’s net income has remained consistent year on year at EU25 million.
- There has been an impressive increase in revenue, moving up 11% y/y to EU2.08 billion.
- Ebitda has also seen significant growth, increasing by 13% y/y to reach EU180 million.
- Retail sales by Sonae have shot up by 9.5% y/y, bringing the total to EU1.61 billion.
- Sonae’s MC division has kept its commitment to provide the best offers to customers and reaps the benefits from recovery in grocery volumes.
- MC’s store expansion is going according to plan with 28 new stores opened during 1Q.
- MC is expecting the Druni transaction to be completed in 2Q of 2024 as all necessary approvals are anticipated to be received.
- Analysts have rated Sonae positively with 7 buys, 1 hold and 0 sells.
A look at Sonae SGPS SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using the Smartkarma Smart Scores have assessed Sonae SGPS SA, a retail company with operations in food and non-food retail stores as well as shopping centers and telecommunication. The company scored well in Value and Dividend, indicating strong performance in these areas. Additionally, Sonae SGPS SA received a high score for Growth, suggesting positive prospects for expansion and development in the long term.
However, the company scored lower in Resilience and Momentum, indicating some challenges in these areas. Despite this, the overall outlook for Sonae SGPS SA appears to be positive, especially considering its strong performance in Value, Dividend, and Growth. Investors may find potential long-term value in this diversified retail business.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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