ENXTPA:BON

Stock Analysis Report

Executive Summary

Bonduelle SCA produces and sells vegetables and fruits in Europe and internationally.

Snowflake

Fundamentals

Undervalued established dividend payer.


Similar Companies

Share Price & News

How has Bonduelle's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BON has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

BON

1.5%

FR Food

0.9%

FR Market


1 Year Return

-21.5%

BON

9.8%

FR Food

16.6%

FR Market

Return vs Industry: BON underperformed the French Food industry which returned 9.8% over the past year.

Return vs Market: BON underperformed the French Market which returned 16.6% over the past year.


Shareholder returns

BONIndustryMarket
7 Day1.0%1.5%0.9%
30 Day7.1%4.2%5.2%
90 Day8.2%-5.7%9.0%
1 Year-20.2%-21.5%12.5%9.8%20.5%16.6%
3 Year11.7%6.7%25.0%16.2%51.4%37.0%
5 Year33.9%23.3%40.7%25.0%68.8%45.0%

Price Volatility Vs. Market

How volatile is Bonduelle's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

41.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BON (€25.05) is trading below our estimate of fair value (€42.48)

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


Price To Earnings Ratio

PE vs Industry: BON is good value based on its PE Ratio (11.1x) compared to the Food industry average (15.8x).

PE vs Market: BON is good value based on its PE Ratio (11.1x) compared to the French market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: BON is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: BON is good value based on its PB Ratio (1.1x) compared to the FR Food industry average (1.2x).


Next Steps

Future Growth

How is Bonduelle forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BON's forecast earnings growth (7.6% per year) is above the savings rate (0.7%).

Earnings vs Market: BON's earnings (7.6% per year) are forecast to grow slower than the French market (11.6% per year).

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

Revenue vs Market: BON's revenue (2.1% per year) is forecast to grow slower than the French market (4.6% per year).

High Growth Revenue: BON's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BON's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

How has Bonduelle performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BON has high quality earnings.

Growing Profit Margin: BON's current net profit margins (2.6%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: BON's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: BON's earnings growth over the past year (0.3%) is below its 5-year average (14.3% per year).

Earnings vs Industry: BON earnings growth over the past year (0.3%) exceeded the Food industry -16.8%.


Return on Equity

High ROE: BON's Return on Equity (10%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bonduelle's financial position?


Financial Position Analysis

Short Term Liabilities: BON's short term assets (€988.4M) exceeds its short term liabilities (€748.7M)

Long Term Liabilities: BON's short term assets (€988.4M) exceeds its long term liabilities (637.7M)


Debt to Equity History and Analysis

Debt Level: BON's debt to equity ratio (95.2%) is considered high.

Reducing Debt: BON's debt to equity ratio has reduced from 107.8% to 95.2% over the past 5 years.

Debt Coverage: BON's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: BON's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet

Inventory Level: BON has a high level of physical assets or inventory.

Debt Coverage by Assets: BON's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is Bonduelle's current dividend yield, its reliability and sustainability?

2.00%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.5%markettop25%4.5%industryaverage2.5%forecastin3Years2.2%

Current dividend yield vs market & industry

Notable Dividend: BON's dividend (2%) is higher than the bottom 25% of dividend payers in the French market (1.5%).

High Dividend: BON's dividend (2%) is low compared to the top 25% of dividend payers in the French market (4.49%).


Stability and Growth of Payments

Stable Dividend: BON's dividends per share have been stable in the past 10 years.

Growing Dividend: BON's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.1%), BON's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BON's dividends in 3 years are forecast to be well covered by earnings (20.8% payout ratio).


Next Steps

Management

What is the CEO of Bonduelle's salary, the management and board of directors tenure and is there insider trading?

€838k

CEO Compensation


CEO

Guillaume Debrosse 0

0yrs

Tenure

€838,048

Compensation

Mr. Guillaume Debrosse serves as Chief Executive Officer at Bonduelle SA. Mr. Debrosse has been the Chief Executive Officer at Bonduelle SAS since July 1, 2018. Mr. Debrosse served as Director General at B ...


CEO Compensation Analysis

Compensation vs Market: Guillaume's total compensation ($USD925.82K) is above average for companies of similar size in the French market ($USD688.16K).

Compensation vs Earnings: Insufficient data to compare Guillaume's compensation with company performance.


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Guillaume Debrosse

    Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: €838.05k
  • Benoît Bonduelle

    Director and Head of Bonduelle Prospective & Development Division

    • Tenure: 0yrs
  • Michel Torris

    COO & MD of Bonduelle Surgel International

    • Tenure: 0yrs
  • Jérôme Bonduelle

    Head of Bonduelle Prospective & Development Division and Director

    • Tenure: 0yrs
  • Grégory Sanson

    Deputy Chief Executive Officer of Finance & Development

    • Tenure: 0yrs
  • Daniel Vielfaure

    Deputy Chief Executive Officer of Bonduelle Americas

    • Tenure: 0yrs
  • Philippe Carreau

    Deputy Chief Executive Officer of Bonduelle Europe

    • Tenure: 0yrs
  • Anne-Sophie Fontaine

    Head of External Communication & CSR

    • Tenure: 0yrs
  • Ekaterina Eliseeva

    Chief Executive Officer of Bonduelle EurAsia Markets (BEAM)

    • Tenure: 0yrs
  • Marine Henin

    Head of Human Resources

    • Tenure: 0yrs

Board Members

  • Christophe Bonduelle

    Non Executive Chairman of the Board

    • Tenure: 0yrs
    • Compensation: €2.63m
  • Jean-Bernard Bonduelle

    Director

    • Tenure: 0yrs
  • Marie-Ange Verdickt (56yo)

    Member of Supervisory Board

    • Tenure: 3.9yrs
    • Compensation: €11.00k
  • Pierre Deloffre

    Director

    • Tenure: 0yrs
  • Benoît Bonduelle

    Director and Head of Bonduelle Prospective & Development Division

    • Tenure: 0yrs
  • François Bonduelle

    Director

    • Tenure: 0yrs
  • Jérôme Bonduelle

    Head of Bonduelle Prospective & Development Division and Director

    • Tenure: 0yrs
  • Marc Bonduelle

    Director

    • Tenure: 0yrs
  • Isabelle Danjou (64yo)

    Vice Chairwoman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €9.90k
  • Martin Ducroquet (46yo)

    Chairman of Supervisory Board

    • Tenure: 3.9yrs
    • Compensation: €11.00k

Company Information

Bonduelle SCA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bonduelle SCA
  • Ticker: BON
  • Exchange: ENXTPA
  • Founded: 1853
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €803.058m
  • Shares outstanding: 32.06m
  • Website: https://www.bonduelle.com

Number of Employees


Location

  • Bonduelle SCA
  • La Woestyne
  • Renescure
  • Nord-Pas-de-Calais
  • 59173
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BONENXTPA (Euronext Paris)YesCommon SharesFREURJun 1998
BDUDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1998
0N75LSE (London Stock Exchange)YesCommon SharesGBEURJun 1998
BONPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJun 1998

Biography

Bonduelle SCA produces and sells vegetables and fruits in Europe and internationally. It offers canned, frozen, and fresh-cut ready-to-use vegetables, as well as prepared salads. The company offers its pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 20:45
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.