SWX:BARN

Stock Analysis Report

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Market Cap

CHF11.8b

Last Updated

2021/06/17 22:11 UTC

Data Sources

Company Financials +

Executive Summary

Barry Callebaut AG, together with its subsidiaries, manufactures and sells cocoa and chocolate products. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Barry Callebaut's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BARN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BARN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

3.7%

BARN

0.9%

CH Food

1.3%

CH Market


1 Year Return

15.3%

BARN

7.6%

CH Food

19.2%

CH Market

Return vs Industry: BARN exceeded the Swiss Food industry which returned 7.6% over the past year.

Return vs Market: BARN underperformed the Swiss Market which returned 19.2% over the past year.


Shareholder returns

BARNIndustryMarket
7 Day3.7%0.9%1.3%
30 Day6.2%4.8%7.4%
90 Day4.8%12.1%9.0%
1 Year16.5%15.3%10.3%7.6%22.6%19.2%
3 Year23.9%19.3%58.0%40.2%47.1%31.0%
5 Year98.9%87.3%73.8%36.4%72.1%40.7%

Long-Term Price Volatility Vs. Market

How volatile is Barry Callebaut's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Barry Callebaut undervalued compared to its fair value and its price relative to the market?

37.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BARN (CHF2142) is trading above our estimate of fair value (CHF1749.07)

Significantly Below Fair Value: BARN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BARN is poor value based on its PE Ratio (37.5x) compared to the Swiss Food industry average (26.5x).

PE vs Market: BARN is poor value based on its PE Ratio (37.5x) compared to the Swiss market (25.4x).


Price to Earnings Growth Ratio

PEG Ratio: BARN is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: BARN is overvalued based on its PB Ratio (4.7x) compared to the CH Food industry average (4.4x).


Future Growth

How is Barry Callebaut forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BARN's forecast earnings growth (12.3% per year) is above the savings rate (-0.3%).

Earnings vs Market: BARN's earnings (12.3% per year) are forecast to grow faster than the Swiss market (11.5% per year).

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

Revenue vs Market: BARN's revenue (7.8% per year) is forecast to grow faster than the Swiss market (4.7% per year).

High Growth Revenue: BARN's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BARN's Return on Equity is forecast to be low in 3 years time (14.8%).


Past Performance

How has Barry Callebaut performed over the past 5 years?

9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BARN has high quality earnings.

Growing Profit Margin: BARN's current net profit margins (4.7%) are lower than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: BARN's earnings have grown by 9.4% per year over the past 5 years.

Accelerating Growth: BARN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BARN had negative earnings growth (-17.4%) over the past year, making it difficult to compare to the Food industry average (-3.2%).


Return on Equity

High ROE: BARN's Return on Equity (12.6%) is considered low.


Financial Health

How is Barry Callebaut's financial position?


Financial Position Analysis

Short Term Liabilities: BARN's short term assets (CHF4.5B) exceed its short term liabilities (CHF2.5B).

Long Term Liabilities: BARN's short term assets (CHF4.5B) exceed its long term liabilities (CHF2.5B).


Debt to Equity History and Analysis

Debt Level: BARN's debt to equity ratio (97.4%) is considered high.

Reducing Debt: BARN's debt to equity ratio has reduced from 100.7% to 97.4% over the past 5 years.

Debt Coverage: BARN's debt is well covered by operating cash flow (31.6%).

Interest Coverage: BARN's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Dividend

What is Barry Callebaut current dividend yield, its reliability and sustainability?

1.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BARN's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.41%).

High Dividend: BARN's dividend (1.03%) is low compared to the top 25% of dividend payers in the Swiss market (3.36%).


Stability and Growth of Payments

Stable Dividend: BARN's dividends per share have been stable in the past 10 years.

Growing Dividend: BARN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.5%), BARN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BARN's dividends in 3 years are forecast to be well covered by earnings (38.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Antoine de Saint-Affrique (57 yo)

5.67yrs

Tenure

CHF5,272,808

Compensation

Mr. Antoine Bernard de Saint-Affrique has been Independent Non-Executive Director of Burberry Group plc since January 01, 2021. He has been the Chief Executive Officer of Barry Callebaut AG since October 1...


CEO Compensation Analysis

Compensation vs Market: Antoine's total compensation ($USD5.86M) is about average for companies of similar size in the Swiss market ($USD5.86M).

Compensation vs Earnings: Antoine's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BARN's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: BARN's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Barry Callebaut AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Barry Callebaut AG
  • Ticker: BARN
  • Exchange: SWX
  • Founded: 1994
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CHF11.762b
  • Shares outstanding: 5.48m
  • Website: https://www.barry-callebaut.com

Number of Employees


Location

  • Barry Callebaut AG
  • Westpark
  • Pfingstweidstrasse 60
  • Zurich
  • Zurich
  • 8005
  • Switzerland

Listings


Biography

Barry Callebaut AG, together with its subsidiaries, manufactures and sells cocoa and chocolate products. The company provides chocolates, compounds, chips and chunks, cocoa, cacao fruit, fillings, coatings...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 22:11
End of Day Share Price2021/06/17 00:00
Earnings2021/02/28
Annual Earnings2020/08/31


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 here.