Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Savencia SA is a French multinational food company specializing in the production, distribution, and marketing of cheese specialties and high-value dairy products. Established in 1995 from the merger of Société Fromagère de la Brie and Comaplex, and formerly known as Bongrain SA until 2015, it focuses on enriching lives through quality dairy offerings while prioritizing sustainability and innovation. The company excels in cheese varieties like Brie, Camembert, and blue cheeses under renowned brands such as Saint Agur, Le Rustique, Caprice des Dieux, Elle & Vire, and Cœur de Lion, alongside butters, creams, yogurts, and nutritional ingredients for retail, food service, and industrial sectors. Operating in over 120 countries with a strong presence in Europe, North America, and Asia, Savencia sources milk from thousands of farmers and employs vertical integration for quality control. As an independent family-controlled group headquartered in Viroflay, France, with around 20,000 employees, it generates revenue primarily from cheese (about 75%), emphasizing ethical growth, R&D investments exceeding €75 million annually, and commitments to reduce carbon footprints by 30% by 2030. Savencia ranks as the No. 2 cheese group in France and No. 5 worldwide, driving market leadership through product diversification and global expansion.
Operating margin is thin at 2.33%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.6% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 57% versus the prior year, cash generation momentum has weakened. Net debt of €553M represents 9.3x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€6.96B
▼ -2.6% YoY
Net Income (TTM)
€90M
▼ -29.1% YoY
Op. Margin
2.33%
▼ -0.5pp YoY
ROIC
3.27%
▼ -1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€59M
▼ -57.2% YoY
Op. Cash Flow (TTM)
€151M
▼ -20.8% YoY
Net Debt
€553M
Cash & Equiv.
€685M
3Y CAGR: +2.0%
3Y CAGR: -3.7%
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