Danone SA

Danone SA maintains a capital structure characterized by significant leverage, with long-term debt of €14.42 billion against total equity of €16.92 billion, resulting in a debt-to-equity ratio of 0.85. The company’s liquidity position is constrained, evidenced by a current ratio of 0.9, which falls below the standard threshold of 1.0 for short-term solvency. Despite generating €3.78 billion in operating cash flow, free cash flow is compressed to €387 million due to capital expenditures of €1.055 billion. The market values the equity at a price-to-earnings multiple of 23.58 and an EV/EBITDA of 19.53, reflecting a premium valuation relative to its asset base, with a price-to-book ratio of 2.54.

Profitability metrics indicate moderate returns on capital, with a return on equity of 10.78% and a return on assets of 4.05%. The company reported revenue of €27.28 billion and net income of €1.82 billion, yielding a net margin of approximately 6.7%. Operating income stands at €2.94 billion, suggesting that while gross margins are healthy (gross profit of €13.81 billion), operating expenses consume a significant portion of the top line. Without cohort median data for direct comparison, these returns must be evaluated against the broader Food & Beverages industry standards, where capital intensity often pressures ROA.

Segment and geographic revenue mix data is not provided in the available input, preventing a detailed analysis of revenue concentration or regional exposure. The company operates as a diversified food and beverage producer, but specific contributions from distinct business units or geographic regions cannot be quantified from the current dataset.

Historical growth trajectory data, including five-year annual and eight-quarter quarterly trends, is absent from the input. Consequently, the analysis cannot assess the momentum of revenue or net income growth over time. The current financial snapshot provides a static view of performance, lacking the temporal context required to evaluate acceleration or deceleration in business activity.

Risk assessment highlights medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, reinforcing the leverage concerns identified in the capital structure analysis. The absence of significant dilution risk is supported by the identical basic and diluted share counts of 640.17 million, indicating no immediate pressure from convertible securities or options.

Recent investor relations observations indicate a positive analyst sentiment, with a mean recommendation of 2.12 (on a scale where 1 is strong buy). The mean price target is €81.05, representing a potential upside from the current market price of €67.18. Analyst coverage includes 6 strong buys, 11 buys, and 7 holds, with price targets ranging from a low of €63.00 to a high of €95.00. No specific filing, news, or transcript observations were provided to detail recent corporate events or strategic shifts.

Danone S.A. (DANO.PA) exhibits no material changes in its fundamental profile or market signals during the observed period. A comprehensive review of 17 fields, excluding four schema-expansion fields, confirms that the company’s status remains static relative to prior analysis, with no new events or shifts in key metrics detected. This lack of movement is corroborated by a complete absence of watcher signals and cross-source activity. Data from late June through mid-July 2026 shows zero dispatches per day, indicating a period of quiet market attention and no emerging sentiment trends or news flow impacting the stock. The company’s structural footprint remains defined by a coverage base of 20 analysts, while data on officer counts, index memberships, and top holders is currently unavailable or unreported. This stable analyst presence suggests continued institutional interest, even in the absence of recent catalysts. For investors, the significance of this stagnation lies in the predictability of the current environment. With no material changes to report, Danone’s valuation and risk profile appear anchored by existing fundamentals rather than new developments, offering a baseline of stability amidst a quiet trading period.

Analysts project 20.6% upside to a mean price target of 81.05, reflecting strong buy consensus among 25 analysts.

Cash conversion ratio of 2.07 places Danone in the top quartile of its 34-company cohort benchmark.

Revenue CAGR of 3.0% over four years suggests stable top-line growth despite recent annual fluctuations.

High credit risk flag indicates significant potential for debt-related issues, warranting caution for investors.

Debt-to-equity ratio of 0.85 is substantially higher than the cohort median of 0.24, signaling elevated leverage.

Medium liquidity risk flag suggests potential challenges in meeting short-term financial obligations.

Revenue €6.71B, −2,0% YoY.

• ▍Revenue €6.71B, −2,0% YoY

Revenue €27.28B, −0,3% YoY; Operating income −13,0% YoY.

• ▍Revenue €27.28B, −0,3% YoY
• ▍Operating income −13,0% YoY
• ▍Net income −9,8% YoY
• ▍Free cash flow −54,0% YoY
• ▍Net margin 6.7%

Revenue €27.38B, −0,9% YoY; Operating income +65,5% YoY.

• ▍Revenue €27.38B, −0,9% YoY
• ▍Operating income +65,5% YoY
• ▍Net income +129,1% YoY
• ▍Free cash flow +567,2% YoY
• ▍Net margin 7.4%

Revenue €27.62B, −0,1% YoY; Operating income −4,7% YoY.

• ▍Revenue €27.62B, −0,1% YoY
• ▍Operating income −4,7% YoY
• ▍Net income −7,9% YoY
• ▍Free cash flow −680,6% YoY
• ▍Net margin 3.2%

Revenue €27.66B, +13,9% YoY; Operating income −5,0% YoY.

• ▍Revenue €27.66B, +13,9% YoY
• ▍Operating income −5,0% YoY
• ▍Net income −50,2% YoY
• ▍Free cash flow −78,6% YoY
• ▍Net margin 3.5%

Revenue €24.28B; Operating income €2.26B.

• ▍Revenue €24.28B
• ▍Operating income €2.26B
• ▍Net margin 7.9%