Bonduelle (BON) AI Stock Analysis

• Market Cap: €339.57M
• Dividend Yield: 1.98%
• Average Volume (3M): 22.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -7.08%
• EPS Growth: 90.42%
• Country: FR
• Employees: 8,221
• Sector: General
• Sector Strength: N/A
• Industry: Packaged Foods
• EPS (TTM): -0.20
• Shares Outstanding: 32,630,116
• 10 Day Avg. Volume: 23,644
• 30 Day Avg. Volume: 22,994
• PEG Ratio: 0.26
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -18.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €9.30
• Price Target Upside: -13.57% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: €11.00 ▲(2.23% Upside)

Bonduelle's overall stock score reflects significant financial challenges, with declining revenues and profitability issues being the most impactful factors. While technical indicators show positive momentum, the valuation is concerning due to a negative P/E ratio. The dividend yield offers some compensation, but the financial performance remains a critical area for improvement.

Positive Factors

Diversified product formats & channels

Bonduelle's multi-format product portfolio (canned, frozen, chilled/ready-to-eat) and dual routes to market (retail and foodservice) create structural resilience. This diversification reduces dependence on any single channel or preservation format, smoothing volumes and demand seasonality over time.

Branded and private-label revenue mix

A mix of Bonduelle-branded products and private-label manufacturing provides durable demand exposure: branded items support consumer loyalty and pricing, while private-label contracts generate predictable volumes and utilization, helping stabilize revenue and operational throughput across cycles.

Moderate leverage and stable equity position

A debt-to-equity near 0.95 indicates a balanced leverage posture, giving management financial flexibility to fund operations or investments without being overlevered. A stable equity ratio reduces immediate solvency risk and supports capacity to refinance or absorb cyclical shocks over the medium term.

Negative Factors

Recurring revenue decline

Recent and multi-period revenue declines signal weakening demand or loss of market share, eroding scale benefits. Persisting top-line contraction undermines fixed-cost absorption and long-term investment capacity, making it harder to restore margins and finance strategic initiatives without operational restructuring.

Weak and negative profitability metrics

Low gross margin and negative net margins reflect structural cost and pricing pressure. Sustained weak profitability reduces retained earnings and capital for reinvestment, limits ability to compete on innovation or marketing, and increases reliance on external financing to support growth or pay dividends.

Negative free cash flow despite improvement

Negative free cash flow, even with a one-time improvement, indicates persistent cash generation shortfalls versus capital needs. Over the medium term this constrains capacity to deleverage, invest in productivity improvements, or weather demand shocks, increasing strategic and refinancing risk if trends persist.

Bonduelle Business Overview & Revenue Model

Company Description

Bonduelle SCA produces and sells vegetables and fruits in Europe and internationally. It offers canned, frozen, and fresh cut vegetables, as well as prepared salads. The company provides its products under the Bonduelle, Cassegrain, Arctic Gardens, Globus, and Ready Pac Foods brands. Bonduelle SCA was founded in 1853 and is headquartered in Renescure, France.

How the Company Makes Money

Bonduelle generates revenue primarily through the sale of its vegetable products across various channels. Its key revenue streams include retail sales of canned, frozen, and fresh vegetables, as well as foodservice contracts with restaurants, caterers, and institutions. The company’s partnerships with major retailers and foodservice providers help ensure a steady demand for its products. Additionally, Bonduelle invests in research and development to create new product lines that cater to changing consumer preferences, which further enhances its market presence and profitability. Factors contributing to its earnings include the global trend towards healthy eating, increased demand for plant-based foods, and its strategic emphasis on sustainability and responsible sourcing.

Bonduelle Financial Statement Overview

Summary

Bonduelle faces significant financial challenges, with declining revenues and profitability issues. The balance sheet is stable but not strong enough to offset the negative trends in income and cash flow. The company needs to focus on improving operational efficiency and profitability to enhance its financial health.

Income Statement

Bonduelle's income statement reveals challenges in maintaining revenue and profitability. The company experienced a revenue decline of 3.26% in the latest year, following a previous decline. Gross profit margin stands at 28.8%, which is relatively low for the industry. The net profit margin is negative, indicating losses, and EBIT margin is also weak. These factors suggest struggles in cost management and profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.95, indicating a balanced approach to leveraging. However, the return on equity is negative, reflecting the company's recent losses. The equity ratio is stable, suggesting a reasonable proportion of equity financing. Overall, the balance sheet is stable but not particularly strong.

Cash Flow

Cash flow analysis highlights significant challenges, with free cash flow being negative, although it improved by 34% from the previous year. The operating cash flow to net income ratio is positive, indicating some ability to generate cash from operations despite net losses. However, the free cash flow to net income ratio is negative, reflecting cash flow difficulties.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.20B	2.37B	2.41B	2.20B	2.16B
Gross Profit	635.73M	661.09M	80.64M	48.05M	55.01M
EBITDA	154.86M	148.01M	129.12M	18.70M	140.15M
Net Income	-11.48M	-119.74M	14.50M	35.42M	57.15M
Balance Sheet
Total Assets	1.99B	1.94B	1.99B	2.11B	2.22B
Cash, Cash Equivalents and Short-Term Investments	10.80M	16.84M	12.39M	121.26M	8.13M
Total Debt	579.61M	579.63M	448.89M	491.35M	729.38M
Total Liabilities	1.38B	1.30B	1.22B	1.26B	1.48B
Stockholders Equity	609.31M	640.16M	774.46M	852.41M	739.77M
Cash Flow
Free Cash Flow	-14.83M	-97.72M	-74.57M	49.59M	60.94M
Operating Cash Flow	67.50M	-9.83M	2.93M	123.17M	133.73M
Investing Cash Flow	-62.82M	-84.82M	-69.16M	277.93M	-106.35M
Financing Cash Flow	-9.11M	100.46M	-47.16M	-285.80M	-33.96M

Bonduelle Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:BON, the sentiment is Positive. The current price of 10.76 is above the 20-day moving average (MA) of 10.18, above the 50-day MA of 9.98, and above the 200-day MA of 8.56, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 66.83 is Neutral, neither overbought nor oversold. The STOCH value of 88.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:BON.

Bonduelle Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LOUP	73 Outperform	€3.33B	12.89	11.24%	1.76%	514.19%	-7.82%
SAVE	72 Outperform	€820.16M	9.11	5.22%	2.73%	5.30%	-14.66%
ALFLE	60 Neutral	€104.06M	15.81	―	5.18%	0.17%	-97.54%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
BON	54 Neutral	€339.57M	-30.04	3.16%	1.98%	-7.08%	90.42%