Danone S.A.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
22.7020.9819.4719.24
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$0.74$0.80$0.86$0.87

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
28.5729.7921.4017.7716.774.973.555.006.548.619.279.27
Price/Sales ratio
1.511.701.671.761.580.370.290.280.220.271.221.22
Price/Book Value ratio
2.733.032.803.002.390.550.420.400.350.460.490.55
Price/Cash Flow ratio
14.6016.1213.8814.7112.592.762.342.022.112.201.832.76
Price/Free Cash Flow ratio
26.5326.6721.3221.8818.053.823.472.893.002.9212.1812.18
Price/Earnings Growth ratio
-1.372.830.640.45-2.610.012.62-0.18-0.20-0.980.49-2.61
Dividend Yield
0.96%0.82%2.67%0.64%1.10%13.17%19.58%17.91%19.71%16.85%2.78%1.10%
Profitability Indicator Ratios
Gross Profit Margin
47.71%49.97%51.03%49.51%48.36%49.07%48.06%47.44%46.05%47.37%48.25%49.07%
Operating Profit Margin
10.17%9.86%13.32%15.13%11.11%12.80%11.84%13.96%11.62%7.39%12.97%11.11%
Pretax Profit Margin
8.69%8.58%11.98%13.35%9.70%11.33%10.53%8.21%6.62%6.23%5.61%11.33%
Net Profit Margin
5.29%5.72%7.83%9.92%9.47%7.57%8.28%5.79%3.46%3.18%2.64%7.57%
Effective Tax Rate
32.57%32.51%30.57%25.54%29.92%27.65%30.62%29.52%42.46%44.62%47.94%29.92%
Return on Assets
3.52%3.91%3.91%5.53%5.28%4.22%4.57%3.09%2.11%1.98%1.97%4.22%
Return On Equity
9.56%10.16%13.12%16.88%14.28%11.10%12.07%8.13%5.35%5.44%5.44%11.10%
Return on Capital Employed
10.18%9.40%8.37%11.02%8.01%9.49%8.62%9.87%9.69%6.66%14.28%8.01%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.91N/A
Quick Ratio
0.570.711.950.760.850.720.850.900.780.760.740.72
Cash ratio
0.080.050.060.060.080.050.050.050.080.170.140.08
Days of Sales Outstanding
32.7940.1641.9841.3239.8141.9440.3043.0243.1738.5735.1641.94
Days of Inventory outstanding
44.2344.7246.8848.8651.2954.7854.7456.6964.0658.7851.2154.78
Operating Cycle
77.0384.8988.8690.1991.1196.7395.0499.71107.2397.3686.3796.73
Days of Payables Outstanding
110.06117.97128.14114.37105.37112.20103.15114.36119.83120.00107.14105.37
Cash Conversion Cycle
-33.03-33.08-39.27-24.17-14.26-15.47-8.10-14.64-12.59-22.64-20.77-15.47
Debt Ratios
Debt Ratio
0.350.330.480.440.390.360.360.340.300.330.340.36
Debt Equity Ratio
0.950.871.621.341.070.950.950.900.770.910.920.95
Long-term Debt to Capitalization
0.360.390.580.520.460.410.410.400.360.370.360.41
Total Debt to Capitalization
0.480.460.610.570.510.480.480.470.430.470.480.48
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A8.50N/A
Cash Flow to Debt Ratio
0.190.210.120.150.170.200.190.220.210.230.290.17
Company Equity Multiplier
2.712.593.353.052.702.632.632.622.522.752.712.70
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.100.120.110.120.130.120.140.100.120.130.12
Free Cash Flow / Operating Cash Flow Ratio
0.550.600.650.670.690.720.670.690.700.750.750.69
Cash Flow Coverage Ratio
0.190.210.120.150.170.200.190.220.210.230.290.17
Short Term Coverage Ratio
0.480.791.050.780.890.800.750.900.860.690.780.80
Dividend Payout Ratio
27.43%24.49%57.26%11.39%18.45%65.58%69.68%89.68%129.09%145.17%150.27%18.45%