Barry Callebaut AG

SWX:BARN Stock Report

Market Cap: CHF 7.3b

Barry Callebaut Valuation

Is BARN 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 BARN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BARN (CHF1324) is trading below our estimate of fair value (CHF1928)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BARN. This is calculated by dividing BARN's market cap by their current earnings.
What is BARN's PE Ratio?
PE Ratio38.2x
EarningsCHF 189.79m
Market CapCHF 7.26b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BARN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
EMMN Emmi
21.5x13.0%CHF 4.3b
LISN Chocoladefabriken Lindt & Sprüngli
33.5x6.2%CHF 23.0b
BELL Bell Food Group
12.9x-0.7%CHF 1.7b
ARYN ARYZTA
21.6x16.9%CHF 1.5b
BARN Barry Callebaut
38.2x24.2%CHF 7.3b

Price-To-Earnings vs Peers: BARN is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BARN 38.2xIndustry Avg. 13.4xNo. of Companies18PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BARN is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is BARN'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.

BARN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.2x
Fair PE Ratio27.7x

Price-To-Earnings vs Fair Ratio: BARN is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).

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 BARN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 1,324.00
CHF 1,736.92
+31.2%
8.1%CHF 2,000.00CHF 1,513.00n/a12
Nov ’25CHF 1,510.00
CHF 1,744.00
+15.5%
10.2%CHF 2,000.00CHF 1,400.00n/a12
Oct ’25CHF 1,556.00
CHF 1,675.25
+7.7%
11.4%CHF 2,000.00CHF 1,400.00n/a12
Sep ’25CHF 1,376.00
CHF 1,636.64
+18.9%
12.4%CHF 2,000.00CHF 1,400.00n/a11
Aug ’25CHF 1,415.00
CHF 1,683.91
+19.0%
16.5%CHF 2,300.00CHF 1,400.00n/a11
Jul ’25CHF 1,491.00
CHF 1,663.50
+11.6%
17.8%CHF 2,300.00CHF 1,350.00n/a12
Jun ’25CHF 1,566.00
CHF 1,663.50
+6.2%
17.7%CHF 2,300.00CHF 1,350.00n/a12
May ’25CHF 1,484.00
CHF 1,671.83
+12.7%
18.1%CHF 2,300.00CHF 1,350.00n/a12
Apr ’25CHF 1,309.00
CHF 1,650.17
+26.1%
19.7%CHF 2,300.00CHF 1,180.00n/a12
Mar ’25CHF 1,251.00
CHF 1,665.17
+33.1%
19.0%CHF 2,300.00CHF 1,180.00n/a12
Feb ’25CHF 1,272.00
CHF 1,669.33
+31.2%
18.8%CHF 2,300.00CHF 1,180.00n/a12
Jan ’25CHF 1,419.00
CHF 1,881.00
+32.6%
18.7%CHF 2,800.00CHF 1,430.00n/a12
Dec ’24CHF 1,434.00
CHF 1,879.27
+31.1%
19.5%CHF 2,800.00CHF 1,430.00n/a11
Nov ’24CHF 1,442.00
CHF 1,929.64
+33.8%
18.2%CHF 2,800.00CHF 1,380.00CHF 1,510.0011
Oct ’24CHF 1,458.00
CHF 2,033.80
+39.5%
15.3%CHF 2,800.00CHF 1,670.00CHF 1,556.0010
Sep ’24CHF 1,536.00
CHF 2,154.27
+40.3%
11.8%CHF 2,800.00CHF 1,800.00CHF 1,376.0011
Aug ’24CHF 1,633.00
CHF 2,177.00
+33.3%
10.7%CHF 2,800.00CHF 1,912.00CHF 1,415.0011
Jul ’24CHF 1,727.00
CHF 2,276.67
+31.8%
9.4%CHF 2,800.00CHF 2,000.00CHF 1,491.0012
Jun ’24CHF 1,870.00
CHF 2,308.33
+23.4%
8.6%CHF 2,800.00CHF 2,075.00CHF 1,566.0012
May ’24CHF 1,904.00
CHF 2,309.58
+21.3%
8.7%CHF 2,800.00CHF 2,075.00CHF 1,484.0012
Apr ’24CHF 1,939.00
CHF 2,301.09
+18.7%
7.1%CHF 2,600.00CHF 2,097.00CHF 1,309.0011
Mar ’24CHF 1,861.00
CHF 2,285.17
+22.8%
5.8%CHF 2,500.00CHF 2,100.00CHF 1,251.0012
Feb ’24CHF 1,907.00
CHF 2,285.17
+19.8%
5.8%CHF 2,500.00CHF 2,100.00CHF 1,272.0012
Jan ’24CHF 1,829.00
CHF 2,277.08
+24.5%
6.3%CHF 2,500.00CHF 2,050.00CHF 1,419.0012
Dec ’23CHF 1,932.00
CHF 2,288.64
+18.5%
6.5%CHF 2,500.00CHF 2,050.00CHF 1,434.0011
Nov ’23CHF 1,859.00
CHF 2,349.64
+26.4%
6.9%CHF 2,600.00CHF 2,056.00CHF 1,442.0011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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