Market Cap
€40.4b
Last Updated
2020/06/03 22:13 UTC
Data Sources
Company Financials +
Executive Summary
Danone S.A. operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Danone's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
BN
1.6%
FR Food
6.4%
FR Market
1 Year Return
-13.1%
BN
-12.4%
FR Food
-4.4%
FR Market
Return vs Industry: BN matched the French Food industry which returned -12.4% over the past year.
Return vs Market: BN underperformed the French Market which returned -4.4% over the past year.
Shareholder returns
| BN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 1.6% | 6.4% |
| 30 Day | 1.3% | 2.3% | 13.0% |
| 90 Day | -0.7% | -0.2% | -5.7% |
| 1 Year | -13.1%-13.1% | -12.2%-12.4% | -2.7%-4.4% |
| 3 Year | -2.0%-7.3% | -8.2%-13.0% | 8.2%-0.5% |
| 5 Year | 13.3%1.6% | 11.6%0.7% | 27.0%10.8% |
Price Volatility Vs. Market
How volatile is Danone's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Will Weakness in Danone S.A.'s (EPA:BN) Stock Prove Temporary Given Strong Fundamentals?2 weeks ago | Simply Wall St
Investors Who Bought Danone (EPA:BN) Shares A Year Ago Are Now Down 11%3 weeks ago | Simply Wall St
Does Danone S.A.'s (EPA:BN) CEO Salary Compare Well With Others?Valuation
Is Danone undervalued compared to its fair value and its price relative to the market?
6.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BN (€62.32) is trading below our estimate of fair value (€66.9)
Significantly Below Fair Value: BN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BN is poor value based on its PE Ratio (21.1x) compared to the Food industry average (15.7x).
PE vs Market: BN is poor value based on its PE Ratio (21.1x) compared to the French market (15x).
Price to Earnings Growth Ratio
PEG Ratio: BN is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: BN is overvalued based on its PB Ratio (2.3x) compared to the FR Food industry average (1.1x).
Next Steps
Future Growth
How is Danone forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
10.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BN's forecast earnings growth (10.6% per year) is above the savings rate (0.6%).
Earnings vs Market: BN's earnings (10.6% per year) are forecast to grow slower than the French market (13.3% per year).
High Growth Earnings: BN's earnings are forecast to grow, but not significantly.
Revenue vs Market: BN's revenue (2.3% per year) is forecast to grow slower than the French market (3.8% per year).
High Growth Revenue: BN's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BN's Return on Equity is forecast to be low in 3 years time (13.4%).
Next Steps
Past Performance
How has Danone performed over the past 5 years?
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BN has a large one-off loss of €758.0M impacting its December 31 2019 financial results.
Growing Profit Margin: BN's current net profit margins (7.6%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: BN's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: BN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BN had negative earnings growth (-18%) over the past year, making it difficult to compare to the Food industry average (3.8%).
Return on Equity
High ROE: BN's Return on Equity (11.7%) is considered low.
Next Steps
Financial Health
How is Danone's financial position?
Financial Position Analysis
Short Term Liabilities: BN's short term assets (€10.1B) do not cover its short term liabilities (€11.3B).
Long Term Liabilities: BN's short term assets (€10.1B) do not cover its long term liabilities (€16.7B).
Debt to Equity History and Analysis
Debt Level: BN's debt to equity ratio (94.3%) is considered high.
Reducing Debt: BN's debt to equity ratio has reduced from 94.9% to 94.3% over the past 5 years.
Debt Coverage: BN's debt is well covered by operating cash flow (21%).
Interest Coverage: BN's interest payments on its debt are well covered by EBIT (18.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Danone's current dividend yield, its reliability and sustainability?
3.37%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BN's dividend (3.37%) is higher than the bottom 25% of dividend payers in the French market (1.66%).
High Dividend: BN's dividend (3.37%) is low compared to the top 25% of dividend payers in the French market (4.93%).
Stability and Growth of Payments
Stable Dividend: BN's dividends per share have been stable in the past 10 years.
Growing Dividend: BN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.1%), BN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BN's dividends in 3 years are forecast to be covered by earnings (56.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Emmanuel Faber (55yo)
5.67yrs
Tenure
€4,032,802
Compensation
Mr. Emmanuel Faber has been the Chief Executive Officer of Danone since October 1, 2014 and has been its Chairman since December 1, 2017. He serves as Member of Food Advisory Committee at Carrefour SA sinc ...
CEO Compensation Analysis
Compensation vs Market: Emmanuel's total compensation ($USD4.53M) is about average for companies of similar size in the French market ($USD3.87M).
Compensation vs Earnings: Emmanuel's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.67yrs | €4.03m | 0.016% €6.5m | |
| Executive VP of Technology | 2.17yrs | €1.74m | 0.0027% €1.1m | |
| Head of Investor Relations and Financial Communication | no data | no data | no data | |
| Executive VP of Human Resources & General Secretary | no data | no data | no data | |
| Honorary Vice-Chairman | no data | €23.00k | no data | |
| Executive Vice President of Advanced Medical Nutrition | no data | no data | no data | |
| Executive VP of Chairman's Office & Director of Publication | no data | no data | no data | |
| Executive Vice President of Essential Dairy & Plant-Based International | 11.42yrs | no data | no data | |
| Executive Vice President of Waters & Africa | 2.67yrs | no data | no data | |
| Executive Vice President of Specialized Nutrition | 2.42yrs | no data | no data |
5.5yrs
Average Tenure
53yo
Average Age
Experienced Management: BN's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.67yrs | €4.03m | 0.016% €6.5m | |
| Executive VP of Technology | 2.17yrs | €1.74m | 0.0027% €1.1m | |
| Honorary Vice-Chairman | no data | €23.00k | no data | |
| Lead Independent Director | 2.17yrs | €148.00k | 0.00062% €250.5k | |
| Honorary Chairman | 24.08yrs | €25.00k | 0.019% €7.7m | |
| Director | 17.17yrs | €80.00k | 0.0014% €549.5k | |
| Chairman of Danone Ecosystem Fund | 6.42yrs | no data | no data | |
| Independent Director | 9.17yrs | €65.00k | 0.00069% €278.8k | |
| Independent Director | 6.17yrs | €64.00k | 0.00067% €270.7k | |
| Chairman of Danone China | 18.42yrs | no data | no data |
6.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: BN's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Danone S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Danone S.A.
- Ticker: BN
- Exchange: ENXTPA
- Founded: 1899
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: €40.404b
- Shares outstanding: 648.34m
- Website: https://www.danone.com
Number of Employees
Location
- Danone S.A.
- 15, Rue Du Helder
- Paris
- Ile-de-France
- 75439
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GPDN.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| 0KFX | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jan 1992 |
| BSN | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| BN | ENXTPA (Euronext Paris) | Yes | Common Stock | FR | EUR | Jan 1992 |
| DAN | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1992 |
| DNN | BIT (Borsa Italiana) | Yes | Common Stock | IT | EUR | Jan 1992 |
| BSN | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1992 |
| BNP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Jan 1992 |
| BN N | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1992 |
| BN | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1992 |
| DANO.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Nov 1997 |
Biography
Danone S.A. operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Danone, Danonino or Prostokvashino, Light & Free, Actimel, Activia, Oikos, Danette, Danissimo, YoPRO, Horizon, SToK, Silk, So Delicious, Vega, and Alpro brands, as well as under the license brands, including International Delight, Dunkin’ Donuts, and Bailey’s. In addition, it offers specialized nutrition products for pregnant and breastfeeding mothers, infants, and young children under the Aptamil, Nutrilon, Gallia, Cow & Gate, Blédina, Bebelac, Olvarit, and Happy Family Organics brands. Further, the company provides tube feeding products under the Nutrison name; oral nutritional supplements under the Fortimel and NutriDrink names; and hypoallergenic products for children with allergies primarily under the Aptamil ProSyneo, Aptamil Pepti Syneo, and Neocate Syneo names. Additionally, it offers water with natural fruit extracts, fruit juice, and vitamins under the evian, Volvic, Aqua, Mizone, Bonafont, Villavicencio, Villa del Sur, Hayat, Sirma, Fontvella, Lanjarón, Salus, Aqua d’Or, and Zywiec Zdroj brands. The company distributes its products through retail chains and traditional market outlets; convenience stores; hospitals, clinics, and pharmacies; and e-commerce. The company was formerly known as Groupe Danone and changed its name to Danone S.A. in April 2009. Danone S.A. was founded in 1899 and is based in Paris, France.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 22:13 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.