Operating Margin

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Price: 1 180 EUR Market Closed

Market Cap: €2.7B

6.7%

Improving

by 0.3%

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

6.7%

Operating Income

€248.8m

Revenue

€3.7B

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

6.7%

Operating Income

€248.8m

Revenue

€3.7B

Peer Comparison

Country		Company	Market Cap	Operating Margin
FR		Unibel SA PAR:UNBL	2.7B EUR	Loading...
JP	G	Goyo Foods Industry Co Ltd TSE:2230	53.2T JPY	Loading...
CH		Nestle SA SIX:NESN	183.3B CHF	Loading...
US		Mondelez International Inc NASDAQ:MDLZ	74.7B USD	Loading...
FR		Danone SA PAR:BN	43.6B EUR	Loading...
US		Hershey Co NYSE:HSY	38.6B USD	Loading...
CN		Muyuan Foods Co Ltd SZSE:002714	251.3B CNY	Loading...
CH		Chocoladefabriken Lindt & Spruengli AG SIX:LISN	25.7B CHF	Loading...
CN		Foshan Haitian Flavouring and Food Co Ltd SSE:603288	209.7B CNY	Loading...
US	K	Kellanova XMUN:KEL	24.7B EUR	Loading...
US		Kellogg Co NYSE:K	29B USD	Loading...

Market Distribution

Min	-17 526.7%
30th Percentile	1.3%
Median	6.1%
70th Percentile	11.5%
Max	89 700%

Other Profitability Ratios

Unibel SA
Glance View

Market Cap

2.7B EUR

Industry

Food Products

Unibel SA, at the heart of the Bel Group's operations, orchestrates a symphony of flavor and brand equities that resonate with cheese lovers worldwide. Founded in the abundance of French culinary heritage, Unibel has skillfully transformed its craftsmanship into a global enterprise that thrives on the innovative blend of tradition and modernity. The company is famed for its diverse portfolio of cheese products, from the beloved La Vache Qui Rit (The Laughing Cow) to the adventurous Mini Babybel and world-renowned Boursin. By forging strong relationships with dairy farmers and leveraging cutting-edge technology in production, Unibel ensures not only product consistency and quality but also an agile response to the ever-evolving consumer preferences that span over 130 countries. But beyond the appeal of its creamy offerings, Unibel's financial success is anchored in its robust brand strategy and market expansion. The company harnesses the power of its distinctive brands, each meticulously crafted with unique identity and appeal, to capture diverse market segments. This strategic brand differentiation allows Unibel to maintain resilient pricing power and customer loyalty. In addition, the company adeptly taps into health and convenience trends by developing new products and packaging designed for easy consumption and catering to health-conscious consumers. The multifaceted approach, combining product differentiation with an effective supply chain and agile marketing, enables Unibel to convert the simple delight of cheese into a lucrative enterprise model, creating value for shareholders while delighting taste buds across the globe.

View UNBL Analysis

UNBL Intrinsic Value

Overvaluation 21%

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.

Unibel SA
PAR:UNBL

Peer Comparison

Market Distribution

Other Profitability Ratios

Unibel SA
Glance View

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52 Week Range	970 1 180
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Unibel SA PAR:UNBL