Market Cap
€47.2b
Last Updated
2019/10/22 20:58 UTC
Data Sources
Company Financials +
Executive Summary
Danone S.A. operates in the food and beverage industry worldwide.
Snowflake
Fundamentals
Established dividend payer with questionable track record.
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
Market Performance
7 Day Return
-9.2%
BN
-8.0%
FR Food
-0.9%
FR Market
1 Year Return
15.9%
BN
9.2%
FR Food
12.5%
FR Market
Return vs Industry: BN exceeded the French Food industry which returned 9.2% over the past year.
Return vs Market: BN exceeded the French Market which returned 12.5% over the past year.
Shareholder returns
| BN | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.2% | -8.0% | -0.9% |
| 30 Day | -9.4% | -8.6% | -0.8% |
| 90 Day | -3.2% | -3.1% | -0.5% |
| 1 Year | 19.1%15.9% | 12.0%9.2% | 16.3%12.5% |
| 3 Year | 25.7%15.8% | 14.6%6.6% | 43.1%29.1% |
| 5 Year | 61.3%41.3% | 46.1%29.8% | 71.4%45.4% |
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
11 hours ago | Simply Wall St
Is Danone S.A.'s (EPA:BN) CEO Overpaid Relative To Its Peers?1 week ago | Simply Wall St
What Kind Of Shareholders Own Danone S.A. (EPA:BN)?3 weeks ago | Simply Wall St
Is Danone S.A. (EPA:BN) A Smart Choice For Dividend Investors?Valuation
Is Danone undervalued compared to its fair value and its price relative to the market?
28.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BN (€72.88) is trading below our estimate of fair value (€101.99)
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 (21.8x) compared to the Food industry average (16.6x).
PE vs Market: BN is poor value based on its PE Ratio (21.8x) compared to the French market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: BN is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: BN is overvalued based on its PB Ratio (2.9x) 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 25 analysts?
9.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BN's forecast earnings growth (9.9% per year) is above the savings rate (0.7%).
Earnings vs Market: BN's earnings (9.9% per year) are forecast to grow slower than the French market (11.4% per year).
High Growth Earnings: BN's earnings are forecast to grow, but not significantly.
Revenue vs Market: BN's revenue (3.7% per year) is forecast to grow slower than the French market (4.4% per year).
High Growth Revenue: BN's revenue (3.7% 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 (14.5%).
Next Steps
Past Performance
How has Danone performed over the past 5 years?
19.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BN's earnings have grown by 19.5% 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 (-18.8%) over the past year, making it difficult to compare to the Food industry average (-17.3%).
Return on Equity
High ROE: BN's Return on Equity (13.9%) is considered low.
Return on Assets
ROA vs Industry: BN has a higher Return on Assets than the Food industry average last year.
Return on Capital Employed
ROCE Improving: BN's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Danone's financial position?
Financial Position Analysis
Short Term Liabilities: BN's short term assets (€11.3B) do not cover its short term liabilities (€11.9B)
Long Term Liabilities: BN's short term assets (11.3B) do not cover its long term liabilities (18.1B)
Debt to Equity History and Analysis
Debt Level: BN's debt to equity ratio (111.8%) is considered high
Reducing Debt: BN's debt to equity ratio has increased from 107% to 111.8% over the past 5 years.
Debt Coverage: BN's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: BN's interest payments on its debt are well covered by EBIT (17.9x coverage).
Balance Sheet
Inventory Level: BN has a low level of unsold assets or inventory.
Debt Coverage by Assets: BN's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Danone's current dividend yield, its reliability and sustainability?
2.66%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BN's dividend (2.66%) is higher than the bottom 25% of dividend payers in the French market (1.55%).
High Dividend: BN's dividend (2.66%) is low compared to the top 25% of dividend payers in the French market (4.71%).
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 (58%), 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 (53.1% payout ratio).
Next Steps
Management
What is the CEO of Danone's salary, the management and board of directors tenure and is there insider trading?
4.9yrs
Average management tenure
CEO
Emmanuel Faber (55yo)
5yrs
Tenure
€4,064,482
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 ($USD4.53M) is about average for companies of similar size in the French market ($USD3.60M).
Compensation vs Earnings: Emmanuel's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.9yrs
Average Tenure
53yo
Average Age
Experienced Management: BN's management team is considered experienced (4.9 years average tenure).
Board Age and Tenure
7.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: BN's board of directors are considered experienced (7.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Emmanuel Faber (55yo)
Chairman & CEO
- Tenure: 5yrs
- Compensation: €4.06m
Michel David-Weill (87yo)
Honorary Vice-Chairman
- Tenure: 0yrs
- Compensation: €23.00k
Dominique Poiroux
Executive Vice President of Advanced Medical Nutrition
- Tenure: 0yrs
Laurent Sacchi
Executive VP of Chairman's Office & Director of Publication
- Tenure: 0yrs
Bertrand Austruy (46yo)
Executive VP of Human Resources & Corporate Secretary
- Tenure: 0yrs
Paco Camacho (54yo)
Executive Vice President of Essential Dairy & Plant-Based
- Tenure: 10.8yrs
Cécile Cabanis (48yo)
Executive VP of IS/IT
- Tenure: 1.5yrs
- Compensation: €1.71m
Henri Bruxelles (53yo)
Executive Vice President of Waters & Africa
- Tenure: 2yrs
Véronique Penchienati-Bosetta (52yo)
Executive Vice President of Specialized Nutrition
- Tenure: 1.8yrs
Nadia Salem-Nicolas
Head of Investor Relations and Financial Communication
- Tenure: 0yrs
Board Members
Michel Landel (68yo)
Lead Independent Director
- Tenure: 1.5yrs
- Compensation: €45.00k
Franck Riboud (64yo)
Honorary Chairman
- Tenure: 23.4yrs
- Compensation: €1.46m
Emmanuel Faber (55yo)
Chairman & CEO
- Tenure: 5yrs
- Compensation: €4.06m
Michel David-Weill (87yo)
Honorary Vice-Chairman
- Tenure: 0yrs
- Compensation: €23.00k
Benoît Potier (62yo)
Director
- Tenure: 16.5yrs
- Compensation: €69.00k
Muriel Penicaud (64yo)
Chairman of Danone Ecosystem Fund
- Tenure: 5.8yrs
Jean-Michel Severino (62yo)
Independent Director
- Tenure: 8.5yrs
- Compensation: €85.00k
Peng Qin (63yo)
Chairman of Danone China
- Tenure: 17.8yrs
Virginia Stallings (69yo)
Independent Director
- Tenure: 7.5yrs
- Compensation: €62.00k
Cécile Cabanis (48yo)
Executive VP of IS/IT
- Tenure: 1.5yrs
- Compensation: €1.71m
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: €47.213b
- Shares outstanding: 647.81m
- Website: https://www.danone.com
Number of Employees
Location
- Danone S.A.
- 15, rue du Helder
- Paris
- Ile-de-France
- 75009
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSN | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1992 |
| GPDN.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | 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 |
| 0KFX | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jan 1992 |
| BN | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | 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 |
| DANZ | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | CHF | 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 worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Da ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 20:58 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.