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Sligro Food Group (SLIGR) Fair Value & Analysis

Consumer Defensive · NL · Market cap €535M

SF Sligro Food Group SLIGR · AS
Price€10.72
Fair Value€11.59
Upside+8.1%
Quality54/100
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Mixed Growth
Thin margins · 1.1% net margin
Low debt · generates free cash flow
4.09% dividend yield
Mixed vs. peers (8/15)
Narrow moat 34/100
Evidence: High Range €10.73 – €14.48 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated yesterday

Share price −12.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from €10.73 (bear) to €14.48 (bull), base €11.59. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€22.98 €9.02 Fair Value €11.59 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €9.02 – €22.98 · fair‑value band €10.73 – €14.48 · the €10.72 price screens below the €11.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sligro Food Group (SLIGR) currently trades at €10.72, while our model-based Fair Value estimate is €11.59, implying the stock looks roughly 8.1% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sligro Food Group generated revenue of €2.7B at a net margin of 1.1%. Revenue declined 6.9% year over year. It earns a return on equity of 6.3%. Net debt stands at €696M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €10.73 (bear case) to €14.48 (bull case); at €10.72, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -29% fair-value upside, at 8%, SLIGR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €23.73 €30.58 €38.71 80
Residual Income €8.21 €8.43 €8.18 76
Rev-Margin DCF €15.14 €20.48 €26.31 74
All 23 models by family
DCF Models
FCF DCF €23.23 €30.61 €39.75 38
5Y Revenue Exit €15.14 €19.99 €25.76 39
5Y EBITDA Exit €25.82 €38.60 €52.78 41
5Y P/E Exit €14.97 €19.70 €24.27 38
10Y Revenue Exit €18.19 €22.82 €28.01 36
10Y EBITDA Exit €24.49 €34.19 €45.59 37
10Y P/E Exit €18.33 €22.64 €27.04 35
Earnings-Based
Graham-Dodd €4.63 €9.54 €12.04 54
EPV €6.91 €7.90 €8.72 59
Dividend Discount
Gordon GGM €3.88 €5.36 €6.72 70
DDM Multi-Stage €3.88 €5.21 €6.54 61
Multiples
P/E Multiple €10.73 €14.31 €17.89 63
P/S Multiple €8.69 €11.59 €14.48 58
P/B Multiple €8.69 €11.59 €14.48 55
EV/EBIT €14.12 €18.95 €23.78 53
EV/EBITDA €31.98 €42.76 €53.54 54
EV/Revenue €9.97 €14.40 €18.83 43
Asset-Based
NCAV (Graham) €5.43 €7.28 €10.86 50
Growth DCF
Growth DCF €23.73 €30.58 €38.71 80
Rev-Margin DCF €15.14 €20.48 €26.31 74
Economic Profit
Residual Income €8.21 €8.43 €8.18 76
ROIC Compounder €6.91 €7.90 €8.72 72
Growth Earnings
Growth-Adj P/E €7.84 €11.20 €14.56 68

Widest divergence: DCF Models (€22.82) versus Dividend Discount (€5.21). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €2.7B
Revenue growth (YoY) -6.9%
Net margin 1.1%
Return on equity 6.3%
Free cash flow €120M FY2025
P/E ratio 15.7
More key figures
Operating margin 3.1%
EPS (TTM) €0.6800
Dividend yield 4.1%
EPS growth (YoY) +101%
Net debt €696M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 39

Profitability 51
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sligro Food Group N.V., together with its subsidiaries, engages in the foodservice businesses in the Netherlands and Belgium. The company offers a range of food and food-related non-food products and services in the wholesale market.

Full company description

Sligro Food Group N.V., together with its subsidiaries, engages in the foodservice businesses in the Netherlands and Belgium. The company offers a range of food and food-related non-food products and services in the wholesale market. It also operates a network of cash-and-carry and delivery wholesale outlets under the Sligro, De Kweker, and Van Hoeckel brands for the hospitality industry, leisure facilities, caterers, large-volume users, company restaurants, petrol stations, small and medium-sized enterprises, small retail businesses, and the institutional market. In addition, the company serves institutional, corporate catering, and hotel chain markets under the JAVA Foodservice name. Further, it is involved in the production of convenience products and fresh fish under the Culivers and SmitVis brands; sourcing of meat, game and poultry, fruits and vegetables, and bread and pastries; consultancy, design, delivery, installation, and maintenance of professional kitchens, kitchen equipment, and refrigeration and freezing equipment; provision of online gift concepts; and sells traditional Christmas hampers. Sligro Food Group N.V. was founded in 1935 and is headquartered in Veghel, the Netherlands.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sligro Food Group reported revenue of €2.7B in FY2025 versus €1.9B in FY2021, a compound +8.9%/yr. Reported net income was €30.0M in FY2025, compounding +10.7%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€2.7B
Latest YoY
−7.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Revenue +8.9%/yr
FY21 €1.9B
FY22 €2.5B
FY23 €2.9B
FY24 €2.9B
FY25 €2.7B
Net income +10.7%/yr
FY21 €20.0M
FY22 €39.0M
FY23 €6.0M
FY24 €24.0M
FY25 €30.0M
Character of growth · EPS growth decomposed (2014-2025) −13.7 % p.a.
Revenue per share +3.0 pp

of which total revenue +3.1 pp · buybacks/dilution −0.1 pp

EBIT margin −11.0 pp
Tax rate +1.0 pp
Residual (interest, one-offs) −6.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Sligro Food Group Fair Value". https://www.fairvalue-calculator.com/stock/SLIGR

Peer Group

Food Distribution · 76 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside +8% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Above median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 4.1% · Above median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Food Distribution median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 1.29× · Cheaper than median
P/S (TTM) 0.23× · Cheaper than median
P/FCF 5.2× · Cheaper than median
EV/EBITDA 6.2× · Cheaper than median
PEG 1.89× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 44 · sector 23
FUTURE 0 · sector 12
PAST 25 · sector 35
HEALTH 89 · sector 94
DIVIDEND 82 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Food Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $84.69 $59.83 -29%
US Foods Holding USFD $110.94 $53.53 -52%
Performance Food Group PFGC $113.96 $37.94 -67%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.80 THB 17.42 THB +18%
The Chefs' Warehouse, Inc CHEF $111.07 $37.27 -66%
Olam Group VC2 1.34 SGD 2.12 SGD +58%
United Natural Foods, Inc UNFI $47.27 $6.00 -87%
The Andersons, Inc ANDE $65.61 $47.78 -27%
Zhejiang Dongri Limited 600113 ¥31.47 ¥6.75 -79%

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Frequently asked questions

Is Sligro Food Group (SLIGR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €11.59 versus a price of €10.72, about +8% (fairly valued).
What is the fair value of SLIGR?
Our model-based fair value for Sligro Food Group is €11.59 (as of Aug 13, 2026), built from audited fundamentals. The current price is €10.72.
What is the quality score of SLIGR?
Sligro Food Group has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sligro Food Group (SLIGR)?
Sligro Food Group reported trailing-twelve-month revenue of about €2.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SLIGR?
The net profit margin of Sligro Food Group is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Sligro Food Group pay a dividend?
Sligro Food Group currently shows a dividend yield of about 3.83% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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