ARYZTA Future Growth
Future criteria checks 2/6
ARYZTA is forecast to grow earnings and revenue by 8.7% and 2.2% per annum respectively. EPS is expected to grow by 8.5% per annum. Return on equity is forecast to be 22.1% in 3 years.
Key information
8.7%
Earnings growth rate
8.47%
EPS growth rate
| Food earnings growth | 8.5% |
| Revenue growth rate | 2.2% |
| Future return on equity | 22.14% |
| Analyst coverage | Low |
| Last updated | 01 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 03
ARYN: Future Upside Will Depend On Delivering Planned Simplification Milestones
Analysts have lifted their target for ARYZTA to CHF 75 from CHF 65, reflecting updated fair value assumptions and growing confidence as the company advances its simplification efforts and approaches key catalysts. Analyst Commentary Recent research points to growing confidence around ARYZTA as it progresses with simplification efforts and approaches key company specific catalysts.Narrative Update • May 17
ARYN: Future Upside Will Depend On Sustaining A Higher P E Multiple
Analysts have nudged their fair value estimate for ARYZTA lower, trimming the implied price target by about CHF 0.67 as slightly higher discount rate assumptions and modestly softer long run revenue growth and profit margin inputs outweigh a marginally higher future P/E multiple. Recent price target moves, such as Berenberg's increase to CHF 65 and a more positive stance at Kepler Cheuvreux, help frame the updated view.Narrative Update • Apr 27
ARYN: Future Upside Will Rely On Sustaining A Higher P E Multiple
Analysts have nudged their price target on ARYZTA shares higher to CHF 65 from CHF 62, citing a more constructive stance on the company supported by recent research upgrades and a slightly higher assumed future P/E multiple. Analyst Commentary Recent research points to a more constructive tone around ARYZTA, with bullish analysts revisiting their assumptions on valuation and execution while still flagging areas that could cap upside for now.Narrative Update • Apr 10
ARYN: Future Upside Will Depend On Supporting A Higher P/E Multiple
Analysts have lifted their implied fair value for ARYZTA by CHF 4.30 to CHF 73.82, reflecting a somewhat higher assumed future P/E multiple while keeping discount rate, revenue growth and profit margin assumptions broadly unchanged. Analyst Commentary Recent research updates present a more supportive backdrop for ARYZTA, with price targets that sit below the latest implied fair value yet still suggest room for differing views on execution and valuation risk.Narrative Update • Mar 27
ARYN: Future Upside Will Hinge On Delivering 2026 Performance Guidance
Analysts have adjusted ARYZTA's price target to CHF 65, a CHF 3 change. The revision follows recent Street research that reassesses the shares while maintaining a Hold stance.Narrative Update • Mar 12
ARYN: Future Upside Will Depend On Delivering 2026 Margin Improvements
Analysts have nudged their ARYZTA price target higher to CHF 65 from CHF 62, citing slightly stronger margin expectations and a modestly higher future P/E assumption, even though they have incorporated more cautious revenue growth inputs. Analyst Commentary Recent research points to a more balanced view on ARYZTA, with the higher CHF 65 price target reflecting small tweaks to valuation assumptions rather than a major shift in conviction.Narrative Update • Feb 25
ARYN: Future Upside Will Rely On 2026 Guidance Translating Into Stronger Profitability
Analysts have raised their CHF price target on ARYZTA by CHF 2, reflecting updated views on revenue growth, profitability and valuation multiples in the revised fair value estimate. Analyst Commentary Bullish Takeaways Bullish analysts see the CHF 2 uplift in the price target as aligned with a refreshed fair value framework that incorporates updated assumptions on revenue, margins and valuation multiples.Narrative Update • Feb 11
ARYN: Future Upside Will Depend On Margin Execution And Higher P/E Assumptions
Analysts have nudged their price targets on ARYZTA slightly higher, pointing to a small uplift in fair value estimates alongside modest adjustments to discount rate and future P/E assumptions and referencing recent Street research that included a CHF 2 increase in one broker's target. Analyst Commentary Recent Street research includes a CHF 2 uplift in one target price, which feeds into the small overall increase in fair value estimates you are seeing.Narrative Update • Jan 27
ARYN: Future Upside Will Rely On Margin Execution And Higher P/E Multiple
Narrative Update Analysts have nudged their price target on ARYZTA slightly higher, citing a CHF 2 increase in recent Street research and updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research around ARYZTA revolves around the modest CHF 2 uplift in the price target, which reflects refreshed views on fair value, discount rate, revenue growth, margin profile and the P/E that analysts apply to future earnings.
New Narrative • Jan 24
Cost Discipline Programs And New Capacity Will Support Stronger Future Performance
Catalysts About ARYZTA ARYZTA is a global food company focused on frozen and baked goods sold into retail, foodservice and quick service restaurant channels. What are the underlying business or industry changes driving this perspective?Analysis Article • Jan 17
There Is A Reason ARYZTA AG's (VTX:ARYN) Price Is Undemanding
ARYZTA AG's ( VTX:ARYN ) price-to-earnings (or "P/E") ratio of 12.8x might make it look like a buy right now compared...Narrative Update • Jan 11
ARYN: Future Upside Will Rely On Margin Stability And P/E Rerating
Analysts have trimmed their fair value estimate for ARYZTA from €74.58 to €70.04. This reflects updated assumptions around long term revenue growth, profit margins and future P/E expectations.Narrative Update • Dec 21
ARYN: Leadership Change And Margin Stability Will Drive Future Upside Potential
Analysts have raised their price target on ARYZTA by CHF 0.09 to reflect slightly higher long term earnings expectations, driven by modestly improved profit margin and valuation multiple assumptions. What's in the News CEO Michael Schai has stepped down with immediate effect after a mutual decision with the Board that a leadership change is in the best interests of the company and its stakeholders, with Chairman Urs Jordi appointed interim CEO to ensure continuity of strategy execution (Key Developments).Narrative Update • Dec 06
ARYN: Leadership Change And Margin Outlook Will Drive Future Upside Potential
Analysts have raised their price target for ARYZTA modestly, reflecting slightly stronger margin expectations that more than offset a marginally softer revenue growth outlook, while keeping the discount rate and long term valuation multiples broadly unchanged. What's in the News Board announces immediate leadership change as CEO Michael Schai steps down by mutual agreement, with the move described as being in the best interests of all stakeholders (Key Developments) Chairman Urs Jordi is appointed interim CEO with immediate effect to ensure continuity of leadership and execution of the company strategy, while retaining his role as Chairman of ARYZTA AG (Key Developments) ARYZTA confirms its 2025 earnings guidance, reiterating an unchanged organic growth outlook in the low to mid single digit range (Key Developments) Valuation Changes Fair Value Estimate unchanged at CHF 74.58 per share, indicating no revision to the intrinsic value assessment.Narrative Update • Nov 22
ARYN: Leadership Transition And Stable Outlook Will Support Higher Share Prices
The analyst consensus price target for ARYZTA has been revised downward by approximately €1.52. Analysts cite minor adjustments in fair value estimates based on updated company forecasts.Narrative Update • Nov 06
ARYN: Leadership Change And Earnings Outlook Will Drive Shares Higher Ahead
Analysts have revised their price target for ARYZTA downward, adjusting the fair value estimate from €78.72 to €76.09. This change is due to minor shifts in discount rate and forward price-to-earnings assumptions.Narrative Update • Oct 23
Analysts Lower ARYZTA Fair Value as Leadership Changes and Margins Weaken
Analysts have revised ARYZTA's fair value estimate downward from CHF 86.23 to CHF 78.72. This change reflects modestly softer projected profit margins, even though there are slight improvements in expected revenue growth.Narrative Update • Oct 09
New Production Centers In Malaysia Will Unlock Premium Bakery Success
Analysts have revised ARYZTA's fair value estimate downward from €91.14 to €86.23. This adjustment reflects slightly reduced expectations for revenue growth and profit margins.Analysis Article • Sep 20
ARYZTA AG's (VTX:ARYN) Earnings Haven't Escaped The Attention Of Investors
With a median price-to-earnings (or "P/E") ratio of close to 19x in Switzerland, you could be forgiven for feeling...Narrative Update • Sep 09
New Production Centers In Malaysia Will Unlock Premium Bakery Success
ARYZTA’s future P/E has decreased notably alongside a slight reduction in revenue growth forecasts, leading to a lower consensus analyst price target of CHF91.14. What's in the News ARYZTA AG confirmed earnings guidance for 2025, projecting organic growth in line with its low to mid-single digit target.Analysis Article • Sep 01
ARYZTA (VTX:ARYN) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jul 09
Is It Time To Consider Buying ARYZTA AG (VTX:ARYN)?
While ARYZTA AG ( VTX:ARYN ) might not have the largest market cap around , it saw a decent share price growth of 13...Analysis Article • Jun 17
Getting In Cheap On ARYZTA AG (VTX:ARYN) Might Be Difficult
ARYZTA AG's ( VTX:ARYN ) price-to-earnings (or "P/E") ratio of 22.1x might make it look like a sell right now compared...Analysis Article • May 30
Here's Why ARYZTA (VTX:ARYN) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Apr 05
ARYZTA AG's (VTX:ARYN) Intrinsic Value Is Potentially 60% Above Its Share Price
Key Insights The projected fair value for ARYZTA is CHF3.04 based on 2 Stage Free Cash Flow to Equity ARYZTA is...Analysis Article • Mar 21
Is There Now An Opportunity In ARYZTA AG (VTX:ARYN)?
ARYZTA AG ( VTX:ARYN ), is not the largest company out there, but it led the SWX gainers with a relatively large price...
New Narrative • Mar 09
Global Expansion, ESG Focus, And Tech Efficiencies Will Improve Future Profitability
Strategic investments in innovation and production capacity expansion are poised to drive revenue growth and improve market positioning.Analysis Article • Jan 09
Why Investors Shouldn't Be Surprised By ARYZTA AG's (VTX:ARYN) P/E
When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") below 20x, you may consider...Analysis Article • Oct 04
Is It Time To Consider Buying ARYZTA AG (VTX:ARYN)?
ARYZTA AG ( VTX:ARYN ), might not be a large cap stock, but it maintained its current share price over the past couple...Analysis Article • Sep 13
ARYZTA AG (VTX:ARYN) Shares Could Be 33% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for ARYZTA is CHF2.45 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Aug 30
ARYZTA AG's (VTX:ARYN) P/E Still Appears To Be Reasonable
With a price-to-earnings (or "P/E") ratio of 24.2x ARYZTA AG ( VTX:ARYN ) may be sending bearish signals at the moment...Analysis Article • Aug 04
With EPS Growth And More, ARYZTA (VTX:ARYN) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • May 22
Should You Investigate ARYZTA AG (VTX:ARYN) At CHF1.80?
ARYZTA AG ( VTX:ARYN ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...Analysis Article • May 03
We Ran A Stock Scan For Earnings Growth And ARYZTA (VTX:ARYN) Passed With Ease
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Apr 15
ARYZTA AG's (VTX:ARYN) P/E Still Appears To Be Reasonable
With a price-to-earnings (or "P/E") ratio of 25x ARYZTA AG ( VTX:ARYN ) may be sending bearish signals at the moment...Analysis Article • Mar 13
News Flash: One ARYZTA AG (VTX:ARYN) Analyst Has Been Trimming Their Revenue Forecasts
The latest analyst coverage could presage a bad day for ARYZTA AG ( VTX:ARYN ), with the covering analyst making...Analysis Article • Jan 17
Is Now The Time To Look At Buying ARYZTA AG (VTX:ARYN)?
ARYZTA AG ( VTX:ARYN ), is not the largest company out there, but it received a lot of attention from a substantial...Analysis Article • Nov 12
Does ARYZTA (VTX:ARYN) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Oct 07
Brokers Are Upgrading Their Views On ARYZTA AG (VTX:ARYN) With These New Forecasts
ARYZTA AG ( VTX:ARYN ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to...Analysis Article • Sep 23
At CHF1.56, Is It Time To Put ARYZTA AG (VTX:ARYN) On Your Watch List?
ARYZTA AG ( VTX:ARYN ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...Analysis Article • Aug 16
A Look At The Fair Value Of ARYZTA AG (VTX:ARYN)
Key Insights ARYZTA's estimated fair value is CHF1.66 based on 2 Stage Free Cash Flow to Equity With CHF1.39 share...Analysis Article • Jul 07
Cautious Investors Not Rewarding ARYZTA AG's (VTX:ARYN) Performance Completely
There wouldn't be many who think ARYZTA AG's ( VTX:ARYN ) price-to-sales (or "P/S") ratio of 0.7x is worth a mention...Analysis Article • May 17
Is ARYZTA (VTX:ARYN) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 13
We Think ARYZTA's (VTX:ARYN) Profit Is Only A Baseline For What They Can Achieve
When companies post strong earnings, the stock generally performs well, just like ARYZTA AG's ( VTX:ARYN ) stock has...Analysis Article • Feb 23
Should You Think About Buying ARYZTA AG (VTX:ARYN) Now?
While ARYZTA AG ( VTX:ARYN ) might not be the most widely known stock at the moment, it received a lot of attention...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 2,385 | 136 | 176 | 264 | 5 |
| 12/31/2027 | 2,325 | 125 | 144 | 249 | 5 |
| 12/31/2026 | 2,270 | 113 | 124 | 231 | 5 |
| 12/31/2025 | 2,223 | 106 | 160 | 258 | N/A |
| 9/30/2025 | 2,225 | 105 | 164 | 259 | N/A |
| 6/30/2025 | 2,226 | 105 | 167 | 261 | N/A |
| 3/31/2025 | 2,210 | 103 | 186 | 280 | N/A |
| 12/31/2024 | 2,195 | 100 | 205 | 299 | N/A |
| 6/30/2024 | 2,145 | 73 | 142 | 220 | N/A |
| 3/31/2024 | 2,148 | 71 | 158 | 229 | N/A |
| 12/31/2023 | 2,150 | 68 | 174 | 239 | N/A |
| 7/29/2023 | 2,123 | 65 | 188 | 251 | N/A |
| 4/29/2023 | 2,041 | 56 | 183 | 259 | N/A |
| 1/28/2023 | 1,958 | 47 | 179 | 266 | N/A |
| 10/28/2022 | 1,857 | 2 | 145 | 233 | N/A |
| 7/30/2022 | 1,756 | -43 | 111 | 200 | N/A |
| 4/29/2022 | 1,682 | -66 | 31 | 116 | N/A |
| 1/29/2022 | 1,608 | -88 | -49 | 31 | N/A |
| 10/29/2021 | 1,567 | -92 | -26 | 58 | N/A |
| 7/31/2021 | 1,525 | -96 | -4 | 84 | N/A |
| 4/30/2021 | 1,497 | -150 | -43 | 43 | N/A |
| 1/30/2021 | 1,469 | -204 | -83 | 1 | N/A |
| 10/30/2020 | 1,569 | -346 | -80 | 13 | N/A |
| 8/1/2020 | 1,669 | -489 | -76 | 24 | N/A |
| 5/1/2020 | 2,147 | -446 | 39 | 151 | N/A |
| 1/25/2020 | 2,625 | -402 | 155 | 278 | N/A |
| 10/25/2019 | 3,004 | -235 | N/A | 245 | N/A |
| 7/27/2019 | 3,383 | -68 | N/A | 212 | N/A |
| 4/27/2019 | 3,371 | -190 | N/A | 169 | N/A |
| 1/31/2019 | 3,360 | -312 | N/A | 127 | N/A |
| 10/31/2018 | 3,398 | -407 | N/A | 138 | N/A |
| 7/31/2018 | 3,435 | -502 | N/A | 150 | N/A |
| 4/30/2018 | 3,556 | -749 | N/A | 192 | N/A |
| 1/31/2018 | 3,677 | -995 | N/A | 233 | N/A |
| 10/31/2017 | 3,737 | -967 | N/A | 295 | N/A |
| 7/31/2017 | 3,797 | -940 | N/A | 356 | N/A |
| 4/30/2017 | 3,811 | -535 | N/A | 410 | N/A |
| 1/31/2017 | 3,825 | -131 | N/A | 465 | N/A |
| 10/31/2016 | 3,852 | -25 | N/A | 531 | N/A |
| 7/31/2016 | 3,879 | 81 | N/A | 597 | N/A |
| 4/30/2016 | 3,901 | 29 | N/A | 538 | N/A |
| 1/31/2016 | 3,922 | -23 | N/A | 479 | N/A |
| 10/31/2015 | 3,871 | -29 | N/A | 381 | N/A |
| 7/31/2015 | 3,820 | -35 | N/A | 283 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ARYN's forecast earnings growth (8.7% per year) is above the savings rate (0.6%).
Earnings vs Market: ARYN's earnings (8.7% per year) are forecast to grow slower than the Swiss market (10.9% per year).
High Growth Earnings: ARYN's earnings are forecast to grow, but not significantly.
Revenue vs Market: ARYN's revenue (2.2% per year) is forecast to grow slower than the Swiss market (5% per year).
High Growth Revenue: ARYN's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ARYN's Return on Equity is forecast to be high in 3 years time (22.1%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 04:01 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ARYZTA AG is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andreas von Arx | Baader Helvea Equity Research |
| Volker Bosse | Baader Helvea Equity Research |
| Chiara Di Giammaria | Berenberg |