DANONE (BN.PA) Stock Fundamental Analysis

Europe • Euronext Paris • EPA:BN • FR0000120644

71.88 EUR
+1.6 (+2.28%)
Last: Feb 4, 2026, 05:36 PM
Fundamental Rating

5

BN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 67 industry peers in the Food Products industry. While BN has a great profitability rating, there are quite some concerns on its financial health. BN has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • BN had positive earnings in the past year.
  • In the past year BN had a positive cash flow from operations.
  • Each year in the past 5 years BN has been profitable.
  • BN had a positive operating cash flow in each of the past 5 years.
BN.PA Yearly Net Income VS EBIT VS OCF VS FCFBN.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

1.2 Ratios

  • BN has a Return On Assets of 4.20%. This is in the better half of the industry: BN outperforms 62.69% of its industry peers.
  • BN's Return On Equity of 11.59% is fine compared to the rest of the industry. BN outperforms 67.16% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.83%, BN is in the better half of the industry, outperforming 64.18% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BN is in line with the industry average of 7.31%.
  • The 3 year average ROIC (6.38%) for BN is below the current ROIC(6.83%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.2%
ROE 11.59%
ROIC 6.83%
ROA(3y)2.83%
ROA(5y)3.44%
ROE(3y)7.34%
ROE(5y)9%
ROIC(3y)6.38%
ROIC(5y)6.21%
BN.PA Yearly ROA, ROE, ROICBN.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 6.72%, BN is doing good in the industry, outperforming 73.13% of the companies in the same industry.
  • BN's Profit Margin has been stable in the last couple of years.
  • BN's Operating Margin of 13.25% is fine compared to the rest of the industry. BN outperforms 79.10% of its industry peers.
  • In the last couple of years the Operating Margin of BN has declined.
  • BN has a better Gross Margin (50.47%) than 83.58% of its industry peers.
  • BN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.25%
PM (TTM) 6.72%
GM 50.47%
OM growth 3Y-1.81%
OM growth 5Y-3.08%
PM growth 3Y-1.94%
PM growth 5Y-0.54%
GM growth 3Y1.56%
GM growth 5Y0.26%
BN.PA Yearly Profit, Operating, Gross MarginsBN.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BN is still creating some value.
  • Compared to 1 year ago, BN has more shares outstanding
  • The number of shares outstanding for BN has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BN has an improved debt to assets ratio.
BN.PA Yearly Shares OutstandingBN.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
BN.PA Yearly Total Debt VS Total AssetsBN.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 2.44 indicates that BN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • BN has a Altman-Z score of 2.44. This is comparable to the rest of the industry: BN outperforms 55.22% of its industry peers.
  • The Debt to FCF ratio of BN is 5.07, which is a neutral value as it means it would take BN, 5.07 years of fcf income to pay off all of its debts.
  • BN has a better Debt to FCF ratio (5.07) than 70.15% of its industry peers.
  • A Debt/Equity ratio of 0.83 indicates that BN is somewhat dependend on debt financing.
  • The Debt to Equity ratio of BN (0.83) is worse than 71.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 5.07
Altman-Z 2.44
ROIC/WACC1.06
WACC6.42%
BN.PA Yearly LT Debt VS Equity VS FCFBN.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.95 indicates that BN may have some problems paying its short term obligations.
  • BN's Current ratio of 0.95 is on the low side compared to the rest of the industry. BN is outperformed by 71.64% of its industry peers.
  • A Quick Ratio of 0.78 indicates that BN may have some problems paying its short term obligations.
  • BN has a Quick ratio (0.78) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.78
BN.PA Yearly Current Assets VS Current LiabilitesBN.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.47% over the past year.
  • BN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.17% yearly.
  • Looking at the last year, BN shows a small growth in Revenue. The Revenue has grown by 0.54% in the last year.
  • The Revenue has been growing slightly by 1.60% on average over the past years.
EPS 1Y (TTM)4.47%
EPS 3Y3.12%
EPS 5Y-1.17%
EPS Q2Q%6.11%
Revenue 1Y (TTM)0.54%
Revenue growth 3Y4.08%
Revenue growth 5Y1.6%
Sales Q2Q%-0.15%

3.2 Future

  • BN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.09% yearly.
  • Based on estimates for the next years, BN will show a small growth in Revenue. The Revenue will grow by 2.86% on average per year.
EPS Next Y7.53%
EPS Next 2Y7.18%
EPS Next 3Y7.53%
EPS Next 5Y6.09%
Revenue Next Year0.7%
Revenue Next 2Y1.88%
Revenue Next 3Y2.56%
Revenue Next 5Y2.86%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BN.PA Yearly Revenue VS EstimatesBN.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10B 20B 30B
BN.PA Yearly EPS VS EstimatesBN.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.22, BN is valued on the expensive side.
  • BN's Price/Earnings ratio is in line with the industry average.
  • BN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 17.24 indicates a rather expensive valuation of BN.
  • BN's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, BN is valued a bit cheaper.
Industry RankSector Rank
PE 19.22
Fwd PE 17.24
BN.PA Price Earnings VS Forward Price EarningsBN.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • BN's Enterprise Value to EBITDA is on the same level as the industry average.
  • 65.67% of the companies in the same industry are more expensive than BN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.07
EV/EBITDA 10.12
BN.PA Per share dataBN.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of BN may justify a higher PE ratio.
PEG (NY)2.55
PEG (5Y)N/A
EPS Next 2Y7.18%
EPS Next 3Y7.53%

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6

5. Dividend

5.1 Amount

  • BN has a Yearly Dividend Yield of 3.25%.
  • Compared to an average industry Dividend Yield of 2.76, BN pays a bit more dividend than its industry peers.
  • BN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 3.25%

5.2 History

  • The dividend of BN has a limited annual growth rate of 1.58%.
Dividend Growth(5Y)1.58%
Div Incr Years3
Div Non Decr Years4
BN.PA Yearly Dividends per shareBN.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

  • BN pays out 74.99% of its income as dividend. This is not a sustainable payout ratio.
  • BN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP74.99%
EPS Next 2Y7.18%
EPS Next 3Y7.53%
BN.PA Yearly Income VS Free CF VS DividendBN.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B
BN.PA Dividend Payout.BN.PA Dividend Payout, showing the Payout Ratio.BN.PA Dividend Payout.PayoutRetained Earnings

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DANONE

EPA:BN (2/4/2026, 5:36:15 PM)

71.88

+1.6 (+2.28%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)10-07
Earnings (Next)02-20
Inst Owners54.21%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap48.98B
Revenue(TTM)27.36B
Net Income(TTM)1.84B
Analysts75.33
Price Target81.1 (12.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.25%
Yearly Dividend2.1
Dividend Growth(5Y)1.58%
DP74.99%
Div Incr Years3
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.26%
PT rev (3m)2.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.43%
EPS NY rev (3m)-0.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
Industry RankSector Rank
PE 19.22
Fwd PE 17.24
P/S 1.79
P/FCF 17.07
P/OCF 12.73
P/B 3.09
P/tB N/A
EV/EBITDA 10.12
EPS(TTM)3.74
EY5.2%
EPS(NY)4.17
Fwd EY5.8%
FCF(TTM)4.21
FCFY5.86%
OCF(TTM)5.64
OCFY7.85%
SpS40.15
BVpS23.28
TBVpS-9.5
PEG (NY)2.55
PEG (5Y)N/A
Graham Number44.26
Profitability
Industry RankSector Rank
ROA 4.2%
ROE 11.59%
ROCE 12.02%
ROIC 6.83%
ROICexc 8.36%
ROICexgc 50.58%
OM 13.25%
PM (TTM) 6.72%
GM 50.47%
FCFM 10.49%
ROA(3y)2.83%
ROA(5y)3.44%
ROE(3y)7.34%
ROE(5y)9%
ROIC(3y)6.38%
ROIC(5y)6.21%
ROICexc(3y)7.67%
ROICexc(5y)7.39%
ROICexgc(3y)52.44%
ROICexgc(5y)45.6%
ROCE(3y)10.98%
ROCE(5y)10.58%
ROICexgc growth 3Y19.7%
ROICexgc growth 5Y13.36%
ROICexc growth 3Y4.65%
ROICexc growth 5Y1.26%
OM growth 3Y-1.81%
OM growth 5Y-3.08%
PM growth 3Y-1.94%
PM growth 5Y-0.54%
GM growth 3Y1.56%
GM growth 5Y0.26%
F-Score8
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 5.07
Debt/EBITDA 2.71
Cap/Depr 77.72%
Cap/Sales 3.57%
Interest Coverage 23.53
Cash Conversion 78.8%
Profit Quality 156.01%
Current Ratio 0.95
Quick Ratio 0.78
Altman-Z 2.44
F-Score8
WACC6.42%
ROIC/WACC1.06
Cap/Depr(3y)59.49%
Cap/Depr(5y)65.43%
Cap/Sales(3y)3.2%
Cap/Sales(5y)3.59%
Profit Quality(3y)220.86%
Profit Quality(5y)178.79%
High Growth Momentum
Growth
EPS 1Y (TTM)4.47%
EPS 3Y3.12%
EPS 5Y-1.17%
EPS Q2Q%6.11%
EPS Next Y7.53%
EPS Next 2Y7.18%
EPS Next 3Y7.53%
EPS Next 5Y6.09%
Revenue 1Y (TTM)0.54%
Revenue growth 3Y4.08%
Revenue growth 5Y1.6%
Sales Q2Q%-0.15%
Revenue Next Year0.7%
Revenue Next 2Y1.88%
Revenue Next 3Y2.56%
Revenue Next 5Y2.86%
EBIT growth 1Y3.81%
EBIT growth 3Y2.2%
EBIT growth 5Y-1.53%
EBIT Next Year35.93%
EBIT Next 3Y14.73%
EBIT Next 5Y10.6%
FCF growth 1Y12.42%
FCF growth 3Y6.14%
FCF growth 5Y3.12%
OCF growth 1Y12.55%
OCF growth 3Y3.31%
OCF growth 5Y2.15%

DANONE / BN.PA FAQ

What is the ChartMill fundamental rating of DANONE (BN.PA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to BN.PA.


What is the valuation status for BN stock?

ChartMill assigns a valuation rating of 4 / 10 to DANONE (BN.PA). This can be considered as Fairly Valued.


How profitable is DANONE (BN.PA) stock?

DANONE (BN.PA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of DANONE (BN.PA) stock?

The Price/Earnings (PE) ratio for DANONE (BN.PA) is 19.22 and the Price/Book (PB) ratio is 3.09.


What is the earnings growth outlook for DANONE?

The Earnings per Share (EPS) of DANONE (BN.PA) is expected to grow by 7.53% in the next year.