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1. Company Snapshot

1.a. Company Description

Metro AG engages in the food wholesale business.It operates 748 wholesale stores and supply depots under the METRO, MAKRO, Aviludo, Classic Fine Foods, Davigel Spain, Pro à Pro, and Rungis Express brand names serving hotels, restaurants, bars, cafes, catering companies, small grocery stores, kiosks, independent retailers, service providers, and authorities in Europe, Russia, and Asia, as well as online marketplace METRO MARKETS.The company also develops digital solutions and offers food delivery services.


In addition, it provides services in the areas of real estate, logistics, information technology, procurement, and advertising.The company was formerly known as METRO Wholesale & Food Specialist AG and changed its name to METRO AG in August 2017.Metro AG was founded in 1964 and is based in Düsseldorf, Germany.

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1.b. Last Insights on B4B

Metro AG's recent performance was driven by strong sales growth in Q4 2024, with a 6% increase in sales and strategic customer growth. The company's ability to adapt to a competitive environment in Germany and Turkey, demonstrated by Ceconomy AG's (Metro's subsidiary) 26% increase in adjusted EBIT, is a positive sign. Additionally, JD.com's renewed interest in acquiring Ceconomy AG may lead to further strategic growth and expansion opportunities.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Ceconomy AG (MTAGF) Q1 2025 Earnings Call Highlights: Strong Sales Growth and Strategic Challenges

Feb -12

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JD.com Revives Interest in Buying German Retailer Ceconomy

Feb -05

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JD.com Revives Interest in Buying German Retailer Ceconomy

Feb -05

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JD.com Revives Interest in Buying German Retailer Ceconomy

Feb -05

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Metro (ETR:B4B) shareholders have endured a 61% loss from investing in the stock five years ago

Jan -24

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Ceconomy AG (MTAGF) Q4 2024 Earnings Call Highlights: Strong Growth in Revenue and EBIT Amid ...

Dec -19

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METRO AG (WBO:MEO) Q4 2024 Earnings Call Highlights: Strategic Growth Amidst Challenges

Dec -13

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Metro AG (ETR:B4B) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Aug -17

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Metro Cash and Carry

Expected Growth: 4.5%

Growing demand from hotels, restaurants, and retailers, increasing urbanization, and expansion into emerging markets drive the growth of Metro Cash and Carry's wholesale club concept.

Others

Expected Growth: 4.5%

Metro AG's miscellaneous revenue streams, including real estate and logistics, are expected to grow driven by increasing demand for diversified services, strategic partnerships, and expansion into new markets.

7. Detailed Products

Wholesale

Metro AG's wholesale segment offers a wide range of products, including food, non-food, and services to professional customers such as hotels, restaurants, and caterers.

Food Retail

Metro AG's food retail segment operates supermarkets and hypermarkets that offer a wide range of food and non-food products to individual customers.

Hypermarkets

Metro AG's hypermarkets offer a wide range of products, including food, non-food, and services, under one roof.

Cash & Carry

Metro AG's cash and carry segment offers a wide range of products, including food, non-food, and services, to professional customers on a cash-and-carry basis.

Real Estate

Metro AG's real estate segment develops and manages commercial properties, including shopping centers and logistics facilities.

8. Metro AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Metro AG is medium due to the presence of alternative channels for customers to purchase food and beverages, such as online grocery shopping and meal kit delivery services.

Bargaining Power Of Customers

The bargaining power of customers is high due to the high level of competition in the retail industry, which gives customers the power to choose from a variety of options and negotiate prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the large scale of Metro AG's operations, which gives the company the power to negotiate prices and terms with its suppliers.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the retail industry, including the need for significant capital investment and the complexity of establishing a large-scale retail operation.

Intensity Of Rivalry

The intensity of rivalry is high due to the high level of competition in the retail industry, which leads to aggressive pricing and promotional strategies among competitors.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 64.56%
Debt Cost 7.55%
Equity Weight 35.44%
Equity Cost 7.55%
WACC 7.55%
Leverage 182.15%

11. Quality Control: Metro AG passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Willi-Food

A-Score: 6.4/10

Value: 5.1

Growth: 5.9

Quality: 6.8

Yield: 9.4

Momentum: 9.5

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
B&S Group

A-Score: 5.4/10

Value: 7.6

Growth: 4.2

Quality: 3.9

Yield: 5.0

Momentum: 7.5

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
Greenyard

A-Score: 4.9/10

Value: 9.4

Growth: 4.7

Quality: 1.7

Yield: 0.0

Momentum: 7.0

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
Sligro Food Group

A-Score: 4.6/10

Value: 7.0

Growth: 3.9

Quality: 2.4

Yield: 5.6

Momentum: 2.5

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
MARR

A-Score: 4.5/10

Value: 5.6

Growth: 3.7

Quality: 2.5

Yield: 7.5

Momentum: 2.0

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
Metro

A-Score: 4.5/10

Value: 8.9

Growth: 2.2

Quality: 1.2

Yield: 4.4

Momentum: 7.5

Volatility: 2.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

5.33$

Current Price

5.33$

Potential

-0.00%

Expected Cash-Flows