Added to YB: 2026-10-06
Pitch date: 2026-09-29
BELA.AT [bullish]
Jumbo S.A.
+7.98%
current return
Author Info
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Company Info
Jumbo S.A. engages in the retail sale of toys, infant supplies, seasonal items, home products, decoration items, books, and stationery in Greece, Cyprus, Bulgaria, and Romania.
Market Cap
EUR 3.3B
Pitch Price
EUR 24.82
Price Target
N/A
Dividend
2.82%
EV/EBITDA
6.63
P/E
10.31
EV/Sales
2.28
Sector
Specialty Retail
Category
value
Jumbo: a Greek retailer with software margins that trades like it’s dying
BELA.AT: Jumbo is a debt-free Greek discount retailer with ~32% EBIT margins, €486m net cash and 50%+ domestic market share, yet trades at 10.37x trailing earnings and a 9.27% FCF yield; a reverse DCF implies FCF per share shrinks ~5% annually for five years versus management’s 5% sales-growth guide. The uncertainty is whether Romania’s 6.5% H1 decline alongside Action’s entry signals competitive erosion; Jumbo instead cites leu depreciation and VAT absorption, which neither confirms nor clears that concern.
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