Nestlé S.A.

SWX:NESN Stock Report

Market Cap: CHF 199.9b

Nestlé Future Growth

Future criteria checks 2/6

Nestlé is forecast to grow earnings and revenue by 8.2% and 2.4% per annum respectively. EPS is expected to grow by 8.3% per annum. Return on equity is forecast to be 31.5% in 3 years.

Key information

8.2%

Earnings growth rate

8.32%

EPS growth rate

Food earnings growth8.5%
Revenue growth rate2.4%
Future return on equity31.47%
Analyst coverage

Good

Last updated03 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 06

NESN: Ready To Drink Expansion And Ice Cream Review Will Support 2026 Execution

Nestlé's analyst price target has been adjusted slightly higher by CHF 2, with analysts pointing to modest tweaks in revenue growth expectations and valuation assumptions as the key drivers of the change. Analyst Commentary Recent Street research on Nestlé has focused on fine tuning price targets and reassessing valuation as new information filters through, rather than making sweeping calls on the stock.
New Narrative • May 23

EU#9 - From Infant Formula to a Global Nutrition & Health Empire

Nestlé: From Infant Formula to a Global Nutrition & Health Empire Most people think they understand Nestlé. Chocolate.
Narrative Update • May 17

NESN: Portfolio Simplification Around Ice Cream Will Support 2026 Execution

Analysts have raised their average price target for Nestlé by CHF 1 to CHF 75, citing updated assumptions on revenue growth, profit margins and future P/E, alongside a series of recent target adjustments across the Street. Analyst Commentary Recent Street research on Nestlé has been active, with a mix of target raises and cuts that reflect different views on valuation, execution and growth momentum.
Narrative Update • Apr 26

NESN: Portfolio Simplification And Ice Cream Review Will Shape 2026 Execution

The updated analyst price target for Nestlé has moved slightly higher to CHF 87.69 from CHF 87.55, reflecting recent research in which some analysts raised their CHF targets and outlook assumptions on revenue growth and profit margin, while others trimmed targets and P/E expectations. Analyst Commentary Recent research on Nestlé shows a mix of optimism and caution, with several firms adjusting price targets and ratings in different directions.
Narrative Update • Apr 11

NESN: Portfolio Review And Ice Cream Exit Plans Will Guide 2026 Execution

Analysts have trimmed the blended Nestlé price target by about CHF 0.20 to reflect a small reduction in fair value and a slightly lower future P/E assumption, while incorporating mixed Street revisions that include both modest price target raises and cuts around recent results and management commentary. Analyst Commentary Recent research updates on Nestlé show a split view, with some analysts lifting price targets around recent results and CEO commentary, while others trim their fair values and target P/E assumptions.
Narrative Update • Mar 28

NESN: Portfolio Review And Ice Cream Exit Plans Will Shape 2026 Execution

The updated analyst price target for Nestlé reflects a small upward adjustment of around CHF 0.20. Analysts are balancing slightly higher revenue growth expectations against marginally lower profit margin assumptions, along with modest tweaks to long term P/E inputs following recent mixed target changes across major banks.
Narrative Update • Mar 13

NESN: Portfolio Review And Category Exits Are Expected To Shape 2026 Execution

Nestlé’s analyst price targets have inched higher, with recent moves to CHF 75 and CHF 77 contributing to a small uplift in our fair value estimate to CHF 87.50, as analysts cite updated estimates following recent results and steady expectations for revenue growth and margins. Analyst Commentary Recent research shows a mix of cautious and constructive views on Nestlé, with small shifts in price targets reflecting different opinions on valuation, growth and execution risk.
Narrative Update • Feb 27

NESN: Portfolio Review And Category Exits Are Expected To Support 2026 Execution

Analysts have nudged their average price expectations for Nestlé slightly higher to a range around CHF 75 to CHF 77, reflecting recent target increases and updated views on revenue growth, margins, and the stock's forward P/E assumptions. Analyst Commentary Recent research shows a mixed but generally balanced stance on Nestlé, with price targets clustered in the mid CHF 70s and differing views on how quickly the investment case could improve.
Narrative Update • Jan 12

NESN: Portfolio Review And 2026 Execution Reset Are Expected To Unlock Upside

Analysts have trimmed their overall price expectations for Nestlé slightly, with our updated fair value estimate easing from CHF 88.15 to about CHF 87.69, as they factor in a mix of lower revenue growth assumptions, a marginally higher profit margin outlook, and a modestly lower future P/E. This is consistent with recent Street price target resets between CHF 76 and CHF 92.
Narrative Update • Dec 14

NESN: Execution Improvements Are Expected To Drive Medium Term Rerating Into 2026

Nestlé's analyst price target edges up by CHF 0.10 as analysts factor in modestly stronger revenue growth and margins, supported by recent target raises and an improving medium term performance outlook. Analyst Commentary Analyst views on Nestlé remain mixed, with a modest upward drift in price targets reflecting slightly improved confidence in execution and medium term growth, but also ongoing concerns around valuation and relative underperformance risks.
Narrative Update • Nov 29

NESN: Boardroom Shifts and CEO Transition Will Shape Outlook Into 2026

Nestlé's analyst price target has edged up from CHF 87.75 to CHF 88.05, reflecting analysts' expectations of improved company performance and a more balanced risk outlook in recent research updates. Analyst Commentary Recent research updates reflect a mix of optimism and caution among analysts regarding Nestlé's valuation, performance outlook, and risk profile.
Narrative Update • Nov 15

NESN: Management Stability and Leadership Changes Will Define Performance Outlook

Nestlé's analyst price target has edged up from CHF 87.31 to CHF 87.75, as analysts cite rising confidence in the company's longer-term performance. This comes despite only modest changes to margin and growth forecasts.
Narrative Update • Oct 31

NESN: Recent Leadership Changes Will Likely Restore Stability And Reverse Share Slide

Analysts have modestly increased their price targets for Nestlé, with the consensus fair value estimate rising from CHF 87.16 to CHF 87.31. They cite incremental improvements in valuation models and reflected market confidence as reasons for the adjustment.
Narrative Update • Oct 17

China And Digital Transformation Will Spur Consumer Demand

Analysts have slightly increased their price target for Nestlé, raising it from CHF 86.23 to CHF 87.16. They cited expectations of improved revenue growth and resilient profit margins as drivers for the update.
Narrative Update • Sep 04

China And Digital Transformation Will Spur Consumer Demand

Analysts have modestly reduced price targets for Nestlé, citing undervaluation but ongoing concerns over brand strategy, restrictive dividends, and persistent underperformance, leaving the consensus fair value unchanged at CHF86.23. Analyst Commentary Valuation has become more attractive with Nestlé trading below 16x forward earnings and nearing decade-low levels.
Analysis Article • Aug 18

These 4 Measures Indicate That Nestlé (VTX:NESN) Is Using Debt Reasonably Well

SWX:NESN 1 Year Share Price vs Fair Value Explore Nestlé's Fair Values from the Community and select yours The external...
Analysis Article • Jun 14

Returns On Capital At Nestlé (VTX:NESN) Have Hit The Brakes

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
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New Narrative • Feb 16

Expanding Nescafé And PetCare Offerings Will Capture New Markets And Differentiate Products

Strategic investments in advertising and product innovation drive brand visibility and market share, enhancing potential revenue growth.

Earnings and Revenue Growth Forecasts

SWX:NESN - Analysts future estimates and past financials data (CHF Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202894,65211,99611,55015,98817
12/31/202791,69411,11710,40714,40518
12/31/202688,70310,3759,89713,96518
12/31/202589,8859,03310,99315,904N/A
9/30/202590,3929,6699,98215,241N/A
6/30/202590,89910,3058,97114,577N/A
3/31/202591,31010,5959,84215,626N/A
12/31/202491,72010,88410,71216,675N/A
9/30/202491,91311,04410,84116,923N/A
6/30/202492,10611,20410,96917,170N/A
3/31/202492,72911,20710,35416,556N/A
12/31/202393,35111,2099,73815,941N/A
9/30/202394,42510,4418,80514,827N/A
6/30/202395,4989,6727,87113,713N/A
3/31/202395,1399,4717,20912,810N/A
12/31/202294,7809,2706,54611,907N/A
9/30/202293,04112,7396,93912,519N/A
6/30/202291,30216,2077,33113,130N/A
3/31/202289,38616,5567,92713,497N/A
12/31/202187,47016,9058,52313,864N/A
9/30/202186,38714,6008,98514,363N/A
6/30/202185,30412,2949,44614,861N/A
3/31/202184,99312,2639,73014,619N/A
12/31/202084,68112,23210,01314,377N/A
9/30/202086,61812,87610,50214,627N/A
6/30/202088,55413,52010,99014,876N/A
3/31/202090,71013,06511,31515,363N/A
12/31/201992,86512,60911,63915,850N/A
9/30/201993,07810,946N/A16,004N/A
6/30/201993,2909,282N/A16,158N/A
3/31/201992,5209,709N/A15,778N/A
12/31/201891,75010,135N/A15,398N/A
9/30/201891,3289,110N/A15,306N/A
6/30/201890,9058,084N/A15,214N/A
3/31/201890,4147,620N/A14,707N/A
12/31/201789,9227,156N/A14,199N/A
9/30/201789,7508,242N/A14,152N/A
6/30/201789,5779,328N/A14,104N/A
3/31/201789,6828,930N/A14,843N/A
12/31/201689,7868,531N/A15,582N/A
9/30/201689,5998,590N/A15,438N/A
6/30/201689,4118,649N/A15,293N/A
3/31/201689,2478,858N/A14,798N/A
12/31/201589,0839,066N/A14,302N/A
9/30/201590,42011,703N/A14,286N/A
6/30/201591,75614,339N/A14,270N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NESN's forecast earnings growth (8.2% per year) is above the savings rate (0.6%).

Earnings vs Market: NESN's earnings (8.2% per year) are forecast to grow slower than the Swiss market (10.9% per year).

High Growth Earnings: NESN's earnings are forecast to grow, but not significantly.

Revenue vs Market: NESN's revenue (2.4% per year) is forecast to grow slower than the Swiss market (4.9% per year).

High Growth Revenue: NESN's revenue (2.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NESN's Return on Equity is forecast to be high in 3 years time (31.5%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 17:24
End of Day Share Price 2026/06/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Nestlé S.A. is covered by 42 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andreas von ArxBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
José Cabrera van GriekenBanco Santander