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BN

DanoneENXTPA:BN Stock Report

Last Price

€57.84

Market Cap

€37.6b

7D

-0.05%

1Y

6.0%

Updated

21 Jan, 2022

Data

Company Financials +
BN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health2/6
Dividends5/6

BN Stock Overview

Danone S.A. operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East.

Danone Competitors

Johnson & Johnson

NYSE:JNJ

US$434.0b

LVMH Moët Hennessy - Louis Vuitton Société Européenne

ENXTPA:MC

€351.2b

Procter & Gamble

NYSE:PG

US$389.8b

Nestlé

SWX:NESN

CHF332.9b

Price History & Performance

Summary of all time highs, changes and price drops for Danone
Historical stock prices
Current Share Price€57.84
52 Week High€65.30
52 Week Low€51.42
Beta0.69
1 Month Change8.15%
3 Month Change3.05%
1 Year Change6.01%
3 Year Change-7.38%
5 Year Change-1.30%
Change since IPO218.35%

Recent News & Updates

Shareholder Returns

BNFR FoodFR Market
7D-0.05%-0.04%-0.5%
1Y6.0%10.1%22.6%

Return vs Industry: BN underperformed the French Food industry which returned 8.7% over the past year.

Return vs Market: BN underperformed the French Market which returned 23.7% over the past year.

Price Volatility

Is BN's price volatile compared to industry and market?
BN volatility
BN Average Weekly Movement2.5%
Food Industry Average Movement3.9%
Market Average Movement4.5%
10% most volatile stocks in FR Market9.7%
10% least volatile stocks in FR Market2.5%

Stable Share Price: BN is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1899100,383Antoine de Saint-Affriquehttps://www.danone.com

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 Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin’ Donuts, and Bailey’s.

Danone Fundamentals Summary

How do Danone's earnings and revenue compare to its market cap?
BN fundamental statistics
Market Cap€37.65b
Earnings (TTM)€1.99b
Revenue (TTM)€23.27b

18.9x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BN income statement (TTM)
Revenue€23.27b
Cost of Revenue€12.16b
Gross Profit€11.11b
Expenses€9.12b
Earnings€1.99b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.06
Gross Margin47.75%
Net Profit Margin8.57%
Debt/Equity Ratio99.8%

How did BN perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Danone undervalued compared to its fair value and its price relative to the market?

43.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BN (€57.84) is trading below our estimate of fair value (€101.65)

Significantly Below Fair Value: BN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BN is poor value based on its PE Ratio (18.9x) compared to the French Food industry average (18.8x).

PE vs Market: BN's PE Ratio (18.9x) is in line with the French market.


Price to Earnings Growth Ratio

PEG Ratio: BN is poor value based on its PEG Ratio (2.5x)


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).


Future Growth

How is Danone forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BN's forecast earnings growth (7.5% per year) is above the savings rate (0.3%).

Earnings vs Market: BN's earnings (7.5% per year) are forecast to grow slower than the French market (11.7% per year).

High Growth Earnings: BN's earnings are forecast to grow, but not significantly.

Revenue vs Market: BN's revenue (3.8% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: BN's revenue (3.8% 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 (14.2%).


Past Performance

How has Danone performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BN has a large one-off loss of €1.1B impacting its June 30 2021 financial results.

Growing Profit Margin: BN's current net profit margins (8.6%) are higher than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: BN's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: BN's earnings growth over the past year (5.2%) exceeds its 5-year average (0.5% per year).

Earnings vs Industry: BN earnings growth over the past year (5.2%) exceeded the Food industry 4.6%.


Return on Equity

High ROE: BN's Return on Equity (12.5%) is considered low.


Financial Health

How is Danone's financial position?


Financial Position Analysis

Short Term Liabilities: BN's short term assets (€13.0B) exceed its short term liabilities (€11.8B).

Long Term Liabilities: BN's short term assets (€13.0B) do not cover its long term liabilities (€17.1B).


Debt to Equity History and Analysis

Debt Level: BN's net debt to equity ratio (62.2%) is considered high.

Reducing Debt: BN's debt to equity ratio has increased from 95.3% to 99.8% over the past 5 years.

Debt Coverage: BN's debt is not well covered by operating cash flow (18.3%).

Interest Coverage: BN's interest payments on its debt are well covered by EBIT (17.3x coverage).


Balance Sheet


Dividend

What is Danone current dividend yield, its reliability and sustainability?

3.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BN's dividend (3.35%) is higher than the bottom 25% of dividend payers in the French market (1.32%).

High Dividend: BN's dividend (3.35%) is low compared to the top 25% of dividend payers in the French market (3.88%).


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 (63.3%), 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 (56.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Antoine de Saint-Affrique (57 yo)

0.33

Tenure

Mr. Antoine Bernard de Saint-Affrique has been Independent Non-Executive Director of Burberry Group plc since January 01, 2021. Mr. de Saint-Affrique serves as Chief Executive Officer at Danone S.A. since...


Leadership Team

Experienced Management: BN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: BN's board of directors are considered experienced (7.3 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 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
  • Implied Market Cap: €37.645b
  • Shares outstanding: 650.85m
  • Website: https://www.danone.com

Number of Employees


Location

  • Danone S.A.
  • 17, Boulevard Haussmann
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:13
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.