Change In Working Capital - Danone SA (PAR:BN)

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Price: 74.04 EUR -1.86% Market Closed

Market Cap: 47.7B EUR

Danone SA
Change in Working Capital

Quarterly

Annual

TTM

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Cash Flow Statement

Danone SA
Change in Working Capital Peer Comparison

	Change in Working Capital	CAGR 3Y	CAGR 5Y	CAGR 10Y
Danone SA PAR:BN	Change in Working Capital €433m	CAGR 3-Years 134%	CAGR 5-Years N/A	CAGR 10-Years 22%
Savencia SA PAR:SAVE	Change in Working Capital -€99.6m	CAGR 3-Years 26%	CAGR 5-Years N/A	CAGR 10-Years N/A
Bonduelle SA PAR:BON	Change in Working Capital -€11.9m	CAGR 3-Years 28%	CAGR 5-Years N/A	CAGR 10-Years 9%
Societe LDC SA PAR:LOUP	Change in Working Capital -€12.2m	CAGR 3-Years 9%	CAGR 5-Years N/A	CAGR 10-Years N/A
Fleury Michon SA PAR:ALFLE	Change in Working Capital -€7.4m	CAGR 3-Years 41%	CAGR 5-Years N/A	CAGR 10-Years 1%
Unibel SA PAR:UNBL	Change in Working Capital -€86.9m	CAGR 3-Years -15%	CAGR 5-Years -28%	CAGR 10-Years 3%

Danone SA
Glance View

Economic Moat

None

Market Cap

47.7B EUR

Industry

Food Products

In the bustling landscape of global food and beverage corporations, Danone SA stands as a prominent figure, quietly weaving its influence across the world. Born from a humble beginnings in Barcelona in 1919, the company has evolved and expanded its portfolio to become a multinational powerhouse headquartered in Paris. This evolution did not happen overnight; it was a result of strategic pivoting and expansion into various segments of the consumer market. Danone's core business operations are divided into three primary divisions: Essential Dairy and Plant-Based Products, Waters, and Specialized Nutrition. Through these segments, Danone has positioned itself as a leader in offering a broad array of high-quality products that aim to cater to diverse consumer needs and preferences around the globe. At the heart of Danone’s operations lies a profound commitment to health and sustainability, which also forms the backbone of its financial model. The company generates revenue by meticulously crafting and marketing its product lines to appeal to health-conscious consumers. This focus is reflected in its Essential Dairy and Plant-Based Products division, which includes yogurt and dairy alternatives, leveraging both its rich heritage and contemporary plant-based trends. In its Waters division, Danone capitalizes on the increasing consumer shift towards healthier hydration options, offering a range of bottled water brands. Moreover, its Specialized Nutrition segment is aligned with specific health needs, targeting infants and medical nutrition markets. With a meticulous supply chain and an influential global distribution network, Danone effectively captures market demands and trends, ensuring steady revenue generation while pushing for sustainable practices and innovation in its made-for-life products.

View BN Analysis

BN Intrinsic Value

Undervaluation 14%

Intrinsic Value

Price

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.

Danone SA
PAR:BN

Danone SA
Change in Working Capital

Danone SA
Change in Working Capital Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Danone SA
Glance View

See Also

What is Danone SA's Change in Working Capital?

Change in Working Capital
433m EUR

What is Danone SA's Change in Working Capital growth rate?

Change in Working Capital CAGR 10Y
22%

Company

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Danone SA PAR:BN

Danone SA Change in Working Capital

Danone SA Change in Working Capital Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Danone SA Glance View

See Also

What is Danone SA's Change in Working Capital? Change in Working Capital 433m EUR

What is Danone SA's Change in Working Capital growth rate? Change in Working Capital CAGR 10Y 22%

Company

Help

Tools

Stocks

Danone SA
PAR:BN

Danone SA
Change in Working Capital

Danone SA
Change in Working Capital Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Danone SA
Glance View

What is Danone SA's Change in Working Capital?

Change in Working Capital
433m EUR

What is Danone SA's Change in Working Capital growth rate?

Change in Working Capital CAGR 10Y
22%