Analyse aandeel Ahold

Ahold is zowel in Europa als de Verenigde Staten bezig met zijn strategie van kostenverlaging en omzetverhoging. Als Ahold tegelijkertijd momentum weet te creëren in al deze markten dan genereert het een gezonde kasstroom. (Engelstalig rapport)

Kenneth Perkins 18 december, 2013 | 1:52
Facebook Twitter LinkedIn


Ahold attempts to sustain a virtuous cycle of lowering costs, building strong consumer brands, driving identical sales growth, and allocating capital to new growth. The company deploys this strategy in its key European markets (the Netherlands and Czech Republic) as well as the U.S., although the firm's relative competitiveness differs in each market. If Ahold can build momentum in all these areas simultaneously, irrespective of the region, it should generate healthy cash flows.

Ahold is not alone in attempting to improve in the aforementioned areas. An established network of well-recognized banners allows Ahold to leverage its distribution scale to drive out inefficiencies and lower per-unit costs. That said, efficient operations do not ensure that a cost advantage will be sustained, unless the business model underlying the operations is not and cannot be easily replicated by rivals. Such an advantage is rare in grocery retail, as several highly efficient competitors already operate large, multiformat store bases.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

Om dit artikel te kunnen lezen, kunt u zich inschrijven als Morningstar Basic Member

Registreer gratis
Facebook Twitter LinkedIn

Effecten genoemd in dit artikel

Naam effectPrijsChange (%)Morningstar Rating
Koninklijke Ahold Delhaize NV29,63 EUR-0,67Rating

Over de auteur

Kenneth Perkins  Ken Perkins is a stock analyst covering consumer packaged goods firms. He joined Morningstar in 2011 after graduating from Valparaiso University with a Bachelor of Science in Business Administration.

© Copyright 2021 Morningstar, Inc. Alle rechten voorbehouden.

Voorwaarden        Privacybeleid