Danone SA
Danone S.A. operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments. It produces and distributes yogurts, dairy products, coffee creatio… Read more
Danone SA (BN) - Net Assets
Latest net assets as of June 2025: €15.92 Billion EUR
Based on the latest financial reports, Danone SA (BN) has net assets worth €15.92 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€43.76 Billion) and total liabilities (€27.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €15.92 Billion |
| % of Total Assets | 36.38% |
| Annual Growth Rate | 3.42% |
| 5-Year Change | 9.55% |
| 10-Year Change | 40.93% |
| Growth Volatility | 14.08 |
Danone SA - Net Assets Trend (1997–2024)
This chart illustrates how Danone SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Danone SA (1997–2024)
The table below shows the annual net assets of Danone SA from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €17.85 Billion | +10.06% |
| 2023-12-31 | €16.22 Billion | -9.84% |
| 2022-12-31 | €17.99 Billion | +3.55% |
| 2021-12-31 | €17.38 Billion | +6.61% |
| 2020-12-31 | €16.30 Billion | -6.21% |
| 2019-12-31 | €17.38 Billion | +5.48% |
| 2018-12-31 | €16.48 Billion | +13.39% |
| 2017-12-31 | €14.53 Billion | +10.12% |
| 2016-12-31 | €13.19 Billion | +4.14% |
| 2015-12-31 | €12.67 Billion | +7.87% |
| 2014-12-31 | €11.74 Billion | +9.47% |
| 2013-12-31 | €10.73 Billion | -12.44% |
| 2012-12-31 | €12.25 Billion | +0.46% |
| 2011-12-31 | €12.20 Billion | +3.51% |
| 2010-12-31 | €11.78 Billion | +11.08% |
| 2009-12-31 | €10.61 Billion | +21.94% |
| 2008-12-31 | €8.70 Billion | -4.40% |
| 2007-12-31 | €9.10 Billion | +49.94% |
| 2006-12-31 | €6.07 Billion | +7.97% |
| 2005-12-31 | €5.62 Billion | +24.74% |
| 2004-12-31 | €4.51 Billion | -18.35% |
| 2003-12-31 | €5.52 Billion | -5.21% |
| 2002-12-31 | €5.82 Billion | -13.61% |
| 2001-12-31 | €6.74 Billion | -16.20% |
| 2000-12-31 | €8.04 Billion | +16.75% |
| 1999-12-31 | €6.89 Billion | -5.50% |
| 1998-12-31 | €7.29 Billion | +1.31% |
| 1997-12-31 | €7.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Danone SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 310.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €17.55 Billion | 98.60% |
| Common Stock | €170.00 Million | 0.96% |
| Other Comprehensive Income | €-3.73 Billion | -20.93% |
| Other Components | €3.80 Billion | 21.38% |
| Total Equity | €17.80 Billion | 100.00% |
Danone SA Competitors by Market Cap
The table below lists competitors of Danone SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Takeda Pharmaceutical Co. Ltd.
PINK:TKPHF
|
$47.47 Billion |
|
Nippon Telegraph & Telephone Corp
PINK:NPPXF
|
$47.81 Billion |
|
Cameco Corp
NYSE:CCJ
|
$47.91 Billion |
|
Swiss Re AG
PINK:SSREF
|
$47.98 Billion |
|
Comfort Systems USA Inc
NYSE:FIX
|
$47.20 Billion |
|
United Rentals Inc
NYSE:URI
|
$47.10 Billion |
|
BASF SE NA O.N.
OTCQX:BFFAF
|
$47.09 Billion |
|
Targa Resources Inc
NYSE:TRGP
|
$46.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Danone SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,176,000,000 to 17,795,000,000, a change of 1,619,000,000 (10.0%).
- Net income of 2,021,000,000 contributed positively to equity growth.
- Dividend payments of 1,348,000,000 reduced retained earnings.
- Share repurchases of 76,000,000 reduced equity.
- New share issuances of 76,000,000 increased equity.
- Other comprehensive income increased equity by 818,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.02 Billion | +11.36% |
| Dividends Paid | €1.35 Billion | -7.58% |
| Share Repurchases | €76.00 Million | -0.43% |
| Share Issuances | €76.00 Million | +0.43% |
| Other Comprehensive Income | €818.00 Million | +4.6% |
| Other Changes | €128.00 Million | +0.72% |
| Total Change | €- | 10.01% |
Book Value vs Market Value Analysis
This analysis compares Danone SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.64x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.62x to 2.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | €11.00 | €72.84 | x |
| 1998-12-31 | €11.14 | €72.84 | x |
| 1999-12-31 | €10.37 | €72.84 | x |
| 2000-12-31 | €12.75 | €72.84 | x |
| 2001-12-31 | €10.44 | €72.84 | x |
| 2002-12-31 | €9.28 | €72.84 | x |
| 2003-12-31 | €9.15 | €72.84 | x |
| 2004-12-31 | €8.26 | €72.84 | x |
| 2005-12-31 | €10.55 | €72.84 | x |
| 2006-12-31 | €11.90 | €72.84 | x |
| 2007-12-31 | €18.79 | €72.84 | x |
| 2008-12-31 | €17.49 | €72.84 | x |
| 2009-12-31 | €18.66 | €72.84 | x |
| 2010-12-31 | €19.05 | €72.84 | x |
| 2011-12-31 | €20.03 | €72.84 | x |
| 2012-12-31 | €20.21 | €72.84 | x |
| 2013-12-31 | €18.17 | €72.84 | x |
| 2014-12-31 | €19.64 | €72.84 | x |
| 2015-12-31 | €20.66 | €72.84 | x |
| 2016-12-31 | €21.26 | €72.84 | x |
| 2017-12-31 | €23.05 | €72.84 | x |
| 2018-12-31 | €25.40 | €72.84 | x |
| 2019-12-31 | €26.56 | €72.84 | x |
| 2020-12-31 | €24.93 | €72.84 | x |
| 2021-12-31 | €26.72 | €72.84 | x |
| 2022-12-31 | €28.03 | €72.84 | x |
| 2023-12-31 | €25.21 | €72.84 | x |
| 2024-12-31 | €27.61 | €72.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Danone SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.38%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.55x
- Recent ROE (11.36%) is below the historical average (14.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 8.58% | 4.14% | 0.90x | 2.31x | €-91.73 Million |
| 1998 | 9.18% | 4.62% | 0.86x | 2.31x | €-53.29 Million |
| 1999 | 11.09% | 5.13% | 0.89x | 2.44x | €67.28 Million |
| 2000 | 10.03% | 5.05% | 0.83x | 2.40x | €2.02 Million |
| 2001 | 2.23% | 0.91% | 0.85x | 2.87x | €-463.16 Million |
| 2002 | 25.23% | 9.47% | 0.88x | 3.04x | €775.43 Million |
| 2003 | 17.39% | 6.39% | 0.92x | 2.97x | €356.12 Million |
| 2004 | 10.55% | 3.66% | 0.76x | 3.78x | €23.40 Million |
| 2005 | 27.73% | 11.24% | 0.78x | 3.17x | €936.00 Million |
| 2006 | 23.24% | 11.21% | 0.72x | 2.89x | €770.70 Million |
| 2007 | 46.35% | 32.72% | 0.46x | 3.06x | €3.28 Billion |
| 2008 | 15.19% | 8.63% | 0.57x | 3.11x | €448.60 Million |
| 2009 | 12.89% | 9.08% | 0.62x | 2.30x | €305.50 Million |
| 2010 | 15.98% | 11.02% | 0.61x | 2.39x | €701.30 Million |
| 2011 | 13.81% | 8.65% | 0.68x | 2.35x | €461.00 Million |
| 2012 | 13.72% | 8.01% | 0.71x | 2.42x | €452.90 Million |
| 2013 | 13.30% | 6.68% | 0.69x | 2.89x | €352.60 Million |
| 2014 | 9.57% | 5.29% | 0.67x | 2.71x | €-50.60 Million |
| 2015 | 10.17% | 5.72% | 0.69x | 2.59x | €21.40 Million |
| 2016 | 13.12% | 7.84% | 0.50x | 3.35x | €409.10 Million |
| 2017 | 16.94% | 9.87% | 0.56x | 3.06x | €1.00 Billion |
| 2018 | 14.37% | 9.53% | 0.56x | 2.70x | €714.60 Million |
| 2019 | 11.19% | 7.63% | 0.56x | 2.63x | €204.90 Million |
| 2020 | 12.07% | 8.28% | 0.55x | 2.64x | €335.50 Million |
| 2021 | 11.14% | 7.92% | 0.53x | 2.63x | €196.70 Million |
| 2022 | 5.35% | 3.47% | 0.61x | 2.53x | €-833.30 Million |
| 2023 | 5.45% | 3.19% | 0.62x | 2.75x | €-736.60 Million |
| 2024 | 11.36% | 7.38% | 0.60x | 2.55x | €241.50 Million |
Industry Comparison
This section compares Danone SA's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $99,590,157
- Average return on equity (ROE) among peers: -117.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Danone SA (BN) | €15.92 Billion | 8.58% | 1.75x | $47.28 Billion |
| Fleury Michon (ALFLE) | $136.16 Million | 10.87% | 2.05x | $39.06 Million |
| Sapmer (ALMER) | $23.43 Million | -131.29% | 5.25x | $16.04 Million |
| Paulic Meunerie Sa (ALPAU) | $1.56 Million | -1.46% | 5.67x | $2.50 Million |
| Poulaillon SA (ALPOU) | $22.90 Million | 6.37% | 1.88x | $8.72 Million |
| Valbiotis SAS (ALVAL) | $80.00K | -923.75% | 13.49x | $23.79 Million |
| Bonduelle S.C.A. (BON) | $640.15 Million | -18.71% | 2.03x | $100.88 Million |
| Groupe Carnivor SA (MLGRC) | $21.70 Million | 1.38% | 8.78x | $232.48K |
| Smart Good Things Holding S.A. (MLSGT) | $-10.01 Million | 0.00% | 0.00x | $7.69 Million |
| Saint Jean Groupe Société anonyme (SABE) | $60.34 Million | 1.41% | 0.40x | $58.69 Million |