Bonduelle
BON.PA Micro CapConsumer Defensive · Packaged Foods
Updated: Jul 6, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Bonduelle SCA engages in the provision of plant-based food in Europe and internationally. The company operates through two segments, Europe Zone and Non-Europe Zone. It offers canned, frozen, and ready-to-use fresh vegetables under the Bonduelle, Cassegrain, Globus, and Ready Pac Foods brands. The company was founded in 1853 and is headquartered in Renescure, France.
Bonduelle Stock at a Glance
Bonduelle (BON.PA) is currently trading at €7.93 with a market capitalization of $253.8M. The trailing P/E ratio stands at 11.84x, with a forward P/E of 5.86x. The 52-week range spans from €7.27 to €11.36; the current price is 30.2% below the yearly high. Year-over-year revenue growth stands at -0.7%. The net profit margin stands at 2.28%.
💰 Dividend
Bonduelle pays an annual dividend of €0.25 per share, representing a yield of 3.15%. The payout ratio stands at 37.27%.
📊 Analyst Rating
5 analysts rate Bonduelle (BON.PA) on consensus: Underperform. The average price target is €8.08, implying +1.89% from the current price. Analyst price targets range from €7.10 to €8.80.
Bonduelle: The Investment Case in Detail
Bonduelle (BON.PA) operates in the Consumer Defensive — specifically Packaged Foods — and is headquartered in France. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.
The Bear Case
Revenue is contracting at -0.7% year-over-year — until that trend reverses, valuation is exposed to further downgrades. With a net margin of just 2.28%, the business has little room to absorb cost shocks or pricing pressure — a single bad quarter can swing the company to a loss.
Valuation in Context
The PEG ratio at 1.31 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 6.88x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.
What to Watch Next
- The forward P/E of 5.86x is meaningfully below the trailing 11.84x — analysts expect earnings to step up; the next earnings release is the test.
- The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
- The dividend yield near 3.15% combined with a payout ratio of 37.27% leaves room for further hikes — a track record of consecutive raises is a strong income signal.
Investment Thesis: Strengths & Weaknesses
- Currently flagged as undervalued
- Solid dividend yield of 3.15%
- –Revenue shrinking (-0.7% YoY)
- –Low profitability (2.28% margin)
- –Negative free cash flow
Technical Snapshot
Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).
Risk Profile
The data points to relatively defensive market behavior, higher leverage relative to equity.
Trading Data
💵 Dividend Info
Related Stocks in the Same Sector
Bonduelle at 8.13 euros: 172-year-old French canned vegetables at 0.4x book paying 3 percent dividend
The Real Story
Bonduelle is the boring food stock nobody talks about and nobody owns. Founded in 1853 in Renescure, France, the company makes canned, frozen, and ready-to-eat vegetables under the Bonduelle, Cassegrain, Globus, and Ready Pac Foods brands. Two segments: Europe Zone (mostly canned and frozen green beans, corn, peas, beets) and Non-Europe Zone (mostly fresh-cut salads in North America). 2.2 billion euros revenue, family-controlled (Bonduelle family holds about 53 percent).
The stock has been crushed for two reasons: the Non-Europe fresh-cut salad business in North America (Ready Pac) has been a chronic underperformer, and European canned-vegetable consumption has stagnated as consumers shift to fresh and frozen. Both are real, but the market is pricing Bonduelle as if the business is in terminal decline. P/B 0.4 on a company that owns physical canning plants, irrigation contracts and frozen-vegetable processing lines is replacement-value territory.
What Smart Money Thinks
Bonduelle-family-holding-company controls ~53 percent. No major hedge-fund 13F whale. The family is conservative and not transactional — meaning value-realization will be slow but downside is well-defended.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
📉 The 3 Real Bear Points
Valuation in Context
At 8.13 EUR with 0.67 EUR EPS the trailing P/E is 12.1 and the forward P/E is 5.8 — pricing in continued decline. P/B 0.4 reflects the replacement-value cushion. EV/EBITDA 6.9 is roughly fair for slow-growth food peers. The cheapness is real; the question is whether anything triggers a re-rate.
🗓️ Next 3 Catalyst Dates
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💬 Daniel's Take
Bonduelle is the kind of European old-family value stock I would happily own at this price for 5 years. Family control means no fast capital realization, but also no value destruction. 3 percent dividend covers half my opportunity cost; the P/B 0.4 discount provides margin of safety. I would size 1 percent in a deep-value sleeve. Risk is Ready Pac operational issues spreading to Europe; reward is patient re-rate. Not a trading idea.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
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