ARYZTA AG

BATS-CHIXE:ARYNZ Stock Report

Market Cap: CHF 1.5b

ARYZTA Valuation

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

Below Fair Value: ARYNZ (CHF1.5) is trading below our estimate of fair value (CHF2.38)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ARYNZ. This is calculated by dividing ARYNZ's market cap by their current earnings.
What is ARYNZ's PE Ratio?
PE Ratio21.7x
Earnings€73.34m
Market Cap€1.59b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ARYNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.4x
PFD Premier Foods
15.2x6.3%UK£1.7b
GNC Greencore Group
16.4x10.7%UK£858.3m
HFG Hilton Food Group
17.4x10.5%UK£807.3m
BAKK Bakkavor Group
12.5x11.2%UK£801.0m
ARYNZ ARYZTA
21.7x16.9%CHF 1.5b

Price-To-Earnings vs Peers: ARYNZ is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (15.4x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARYNZ is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is ARYNZ'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.

ARYNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.7x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: ARYNZ is expensive based on its Price-To-Earnings Ratio (21.7x) 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 ARYNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 1.50
CHF 2.18
+45.6%
8.2%CHF 2.42CHF 2.01n/a3
Nov ’25CHF 1.54
CHF 2.18
+41.0%
8.2%CHF 2.42CHF 2.01n/a3
Oct ’25CHF 1.61
CHF 2.20
+37.0%
8.2%CHF 2.45CHF 2.04n/a3
Sep ’25CHF 1.71
CHF 2.20
+28.7%
8.2%CHF 2.45CHF 2.04n/a3
Aug ’25CHF 1.68
CHF 2.31
+37.3%
14.3%CHF 2.78CHF 2.03n/a3
Jul ’25CHF 1.61
CHF 2.19
+36.2%
3.3%CHF 2.30CHF 2.10n/a4
Jun ’25CHF 1.82
CHF 2.19
+20.7%
3.3%CHF 2.30CHF 2.10n/a4
May ’25CHF 1.74
CHF 2.19
+25.9%
3.5%CHF 2.30CHF 2.10n/a4
Apr ’25CHF 1.64
CHF 2.15
+30.8%
6.1%CHF 2.31CHF 1.97n/a4
Mar ’25CHF 1.57
CHF 1.98
+26.2%
3.4%CHF 2.10CHF 1.92n/a4
Feb ’25CHF 1.57
CHF 2.11
+34.7%
10.2%CHF 2.47CHF 1.92n/a4
Jan ’25CHF 1.55
CHF 2.11
+36.1%
10.2%CHF 2.47CHF 1.92n/a4
Dec ’24CHF 1.68
CHF 2.19
+29.9%
10.4%CHF 2.51CHF 1.95n/a4
Nov ’24CHF 1.65
CHF 2.01
+22.0%
9.4%CHF 2.30CHF 1.77CHF 1.544
Oct ’24CHF 1.57
CHF 1.84
+17.0%
5.8%CHF 1.98CHF 1.70CHF 1.614
Sep ’24CHF 1.43
CHF 1.66
+15.8%
20.1%CHF 1.96CHF 1.02CHF 1.715
Aug ’24CHF 1.49
CHF 1.78
+19.3%
24.1%CHF 2.34CHF 1.04CHF 1.685
Jul ’24CHF 1.48
CHF 1.78
+20.2%
24.5%CHF 2.35CHF 1.03CHF 1.615
Jun ’24CHF 1.46
CHF 1.57
+7.3%
32.7%CHF 2.35CHF 0.98CHF 1.825
May ’24CHF 1.59
CHF 1.55
-2.7%
19.0%CHF 1.74CHF 1.04CHF 1.744
Apr ’24CHF 1.55
CHF 1.55
-0.09%
19.0%CHF 1.74CHF 1.04CHF 1.644
Mar ’24CHF 1.29
CHF 1.27
-1.6%
20.6%CHF 1.51CHF 0.88CHF 1.574
Feb ’24CHF 1.25
CHF 1.27
+1.6%
20.0%CHF 1.51CHF 0.90CHF 1.574
Jan ’24CHF 1.11
CHF 1.20
+8.8%
18.1%CHF 1.50CHF 0.89CHF 1.554
Dec ’23CHF 1.17
CHF 1.20
+2.8%
18.1%CHF 1.50CHF 0.89CHF 1.684
Nov ’23CHF 1.04
CHF 1.19
+13.9%
18.4%CHF 1.49CHF 0.88CHF 1.654

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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