Operating Margin

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Price: 132.6 EUR 0.53%

Market Cap: 30.1B EUR

12.8%

Declining

by 1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

12.8%

Operating Income

€1.3B

Revenue

€9.9B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

12.8%

Operating Income

€1.3B

Revenue

€9.9B

Peer Comparison

Country	Company	Market Cap	Operating Margin
DE	Beiersdorf AG XETRA:BEI	21.3B EUR	Loading...
FR	L'Oreal SA PAR:OR	203B EUR	Loading...
UK	Unilever PLC LSE:ULVR	116.6B GBP	Loading...
BE	Anheuser-Busch Inbev SA MIL:ABI	114B EUR	Loading...
IN	Hindustan Unilever Ltd NSE:HINDUNILVR	5.7T INR	Loading...
UK	HALEON PLC LSE:HLN	32.4B GBP	Loading...
US	Estee Lauder Companies Inc NYSE:EL	41.5B USD	Loading...
JP	Kao Corp TSE:4452	2.8T JPY	Loading...
IN	Godrej Consumer Products Ltd NSE:GODREJCP	1.3T INR	Loading...
IN	Dabur India Ltd NSE:DABUR	906.7B INR	Loading...
CA	Relevium Technologies Inc XTSX:RLV	12.2B CAD	Loading...

Market Distribution

Min	-61 459.6%
30th Percentile	0.7%
Median	4.5%
70th Percentile	9.8%
Max	94 540%

Other Profitability Ratios

Beiersdorf AG
Glance View

Market Cap

30.1B EUR

Industry

Consumer products

Beiersdorf AG, a venerable name in the skincare and personal care industry, traces its origins to Hamburg, Germany, where it was founded in 1882 by pharmacist Paul C. Beiersdorf. The company quickly carved a niche for itself with innovative products, laying the groundwork for what would become a sprawling international empire in personal and healthcare products. At the heart of Beiersdorf's operations lies an unwavering commitment to research and development, which manifests in a portfolio of iconic brands like NIVEA, Eucerin, and La Prairie. These brands, trusted worldwide, are testament to the company's ability to blend tradition with cutting-edge skin health science, consistently delivering products that meet diverse consumer needs. The lure of well-crafted creams, lotions, and skincare solutions has allowed Beiersdorf to expand its market reach, keeping its foothold secure in an ever-competitive field. Central to Beiersdorf’s strategy and profitability is its consumer-centric business model, which meticulously aligns product innovation with customer demands and market trends. It operates across multiple segments: Consumer, which drives the majority of revenue, and tesa, its adhesive tape business. The consumer segment thrives on the global demand for skincare products, leveraging the strong brand equity of NIVEA, which alone represents a significant chunk of its sales. Meanwhile, the tesa division, though lesser-known, demonstrates Beiersdorf's diversification with its specialized adhesive solutions serving industries ranging from automotive to electronics. This dual-segment structure allows Beiersdorf to capitalize on economies of scale, while its deep-rooted presence in both mature and emerging markets ensures a balanced revenue stream. As a result, Beiersdorf remains a resilient player in the personal care industry, perpetually renewing its commitment to quality and consumer trust.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Beiersdorf AG
MIL:BEI

Peer Comparison

Market Distribution

Other Profitability Ratios

Beiersdorf AG
Glance View

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Beiersdorf AG MIL:BEI