ARYZTA AG

SWX:ARYN Stock Report

Market Cap: CHF 2.0b

ARYZTA Valuation

Is ARYN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARYN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 172.11
Fair Value
53.0% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: ARYN (CHF80.85) is trading below our estimate of fair value (CHF172.11)

Significantly Below Fair Value: ARYN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARYN?

Key metric: As ARYN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ARYN. This is calculated by dividing ARYN's market cap by their current earnings.
What is ARYN's PE Ratio?
PE Ratio21.3x
Earnings€100.10m
Market Cap€2.16b

Price to Earnings Ratio vs Peers

How does ARYN's PE Ratio compare to its peers?

The above table shows the PE ratio for ARYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.1x
BELL Bell Food Group
13.8x2.75%CHF 1.7b
BARN Barry Callebaut
30x30.18%CHF 4.3b
EMMN Emmi
19.7x6.29%CHF 4.3b
LISN Chocoladefabriken Lindt & Sprüngli
41x7.88%CHF 27.9b
ARYN ARYZTA
21.3x10.40%CHF 2.0b

Price-To-Earnings vs Peers: ARYN is good value based on its Price-To-Earnings Ratio (21.3x) compared to the peer average (26.1x).

Price to Earnings Ratio vs Industry

How does ARYN's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ARYN 21.3xIndustry Avg. 15.7xNo. of Companies19PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARYN is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the European Food industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is ARYN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARYN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.3x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: ARYN is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARYN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 80.85
CHF 94.44
+16.81%
1.60%CHF 96.29CHF 92.26n/a4
May ’26CHF 82.64
CHF 91.18
+10.33%
6.70%CHF 96.18CHF 80.84n/a4
Apr ’26CHF 79.08
CHF 91.32
+15.48%
6.38%CHF 97.59CHF 81.93n/a4
Mar ’26CHF 74.24
CHF 89.37
+20.37%
6.25%CHF 96.05CHF 80.64n/a4
Feb ’26CHF 72.32
CHF 87.14
+20.50%
5.14%CHF 91.83CHF 81.12n/a3
Jan ’26CHF 63.40
CHF 87.08
+37.35%
8.18%CHF 96.93CHF 80.37n/a3
Dec ’25CHF 61.28
CHF 87.08
+42.10%
8.18%CHF 96.93CHF 80.37n/a3
Nov ’25CHF 61.44
CHF 87.08
+41.73%
8.18%CHF 96.93CHF 80.37n/a3
Oct ’25CHF 64.36
CHF 87.25
+35.56%
8.16%CHF 97.21CHF 81.04n/a3
Sep ’25CHF 68.72
CHF 88.02
+28.08%
8.16%CHF 98.07CHF 81.76n/a3
Aug ’25CHF 67.40
CHF 92.41
+37.11%
14.35%CHF 111.01CHF 81.07n/a3
Jul ’25CHF 64.40
CHF 87.60
+36.02%
3.30%CHF 91.89CHF 84.17n/a4
Jun ’25CHF 72.16
CHF 87.60
+21.40%
3.30%CHF 91.89CHF 84.17n/a4
May ’25CHF 69.80
CHF 87.48
+25.33%
3.53%CHF 92.17CHF 83.93CHF 82.644
Apr ’25CHF 65.48
CHF 85.87
+31.14%
6.04%CHF 92.31CHF 78.80CHF 79.084
Mar ’25CHF 62.80
CHF 79.38
+26.40%
3.42%CHF 83.89CHF 76.61CHF 74.244
Feb ’25CHF 62.92
CHF 84.58
+34.42%
10.25%CHF 98.86CHF 76.72CHF 72.324
Jan ’25CHF 62.08
CHF 84.58
+36.24%
10.25%CHF 98.86CHF 76.72CHF 63.404
Dec ’24CHF 67.48
CHF 87.42
+29.56%
10.43%CHF 100.34CHF 77.86CHF 61.284
Nov ’24CHF 66.20
CHF 80.47
+21.56%
9.39%CHF 92.04CHF 70.86CHF 61.444
Oct ’24CHF 62.72
CHF 73.53
+17.24%
5.78%CHF 79.26CHF 67.90CHF 64.364
Sep ’24CHF 57.32
CHF 66.43
+15.89%
20.08%CHF 78.59CHF 40.90CHF 68.725
Aug ’24CHF 59.56
CHF 71.08
+19.35%
24.11%CHF 93.69CHF 41.60CHF 67.405
Jul ’24CHF 59.36
CHF 71.08
+19.75%
24.48%CHF 93.87CHF 41.01CHF 64.405
Jun ’24CHF 58.76
CHF 62.77
+6.82%
32.56%CHF 93.57CHF 39.36CHF 72.165
May ’24CHF 63.36
CHF 61.83
-2.42%
19.02%CHF 69.55CHF 41.49CHF 69.804
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
CHF 94.44
Fair Value
14.4% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/12 21:18
End of Day Share Price 2025/05/12 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

ARYZTA AG is covered by 23 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anna ZyniewiczAlphaValue
Pierre-Yves GauthierAlphaValue
Volker BosseBaader Helvea Equity Research