Barry Callebaut AG

BATS-CHIXE:BARNZ Stock Report

Market Cap: CHF 5.2b

Barry Callebaut Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Discounted Cash Flow
Simply Wall St
CHF 5.09k
Fair Value
81.3% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: BARNZ (CHF954.5) is trading below our estimate of fair value (CHF5094.45)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BARNZ. This is calculated by dividing BARNZ's market cap by their current earnings.
What is BARNZ's PE Ratio?
PE Ratio27.6x
EarningsCHF 189.79m
Market CapCHF 5.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BARNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.4x
TATE Tate & Lyle
18.4x14.3%UK£2.8b
CWK Cranswick
23.2x8.0%UK£2.7b
ABF Associated British Foods
9.3x4.2%UK£13.3b
PFD Premier Foods
14.9x7.1%UK£1.6b
BARNZ Barry Callebaut
27.6x22.7%CHF 5.2b

Price-To-Earnings vs Peers: BARNZ is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies20PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BARNZ is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the European Food industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is BARNZ'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.

BARNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio23.1x

Price-To-Earnings vs Fair Ratio: BARNZ is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).

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 BARNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 954.50
CHF 1,547.92
+62.2%
15.6%CHF 2,000.00CHF 1,100.00n/a13
Jan ’26CHF 1,205.00
CHF 1,736.00
+44.1%
8.8%CHF 2,000.00CHF 1,500.00n/a13
Dec ’25CHF 1,334.50
CHF 1,726.50
+29.4%
8.9%CHF 2,000.00CHF 1,500.00n/a12
Nov ’25CHF 1,513.00
CHF 1,744.00
+15.3%
10.2%CHF 2,000.00CHF 1,400.00n/a12
Oct ’25CHF 1,548.00
CHF 1,675.25
+8.2%
11.4%CHF 2,000.00CHF 1,400.00n/a12
Sep ’25CHF 1,373.50
CHF 1,636.64
+19.2%
12.4%CHF 2,000.00CHF 1,400.00n/a11
Aug ’25CHF 1,424.00
CHF 1,683.91
+18.3%
16.5%CHF 2,300.00CHF 1,400.00n/a11
Jul ’25CHF 1,489.00
CHF 1,663.50
+11.7%
17.8%CHF 2,300.00CHF 1,350.00n/a12
Jun ’25CHF 1,552.00
CHF 1,663.50
+7.2%
17.7%CHF 2,300.00CHF 1,350.00n/a12
May ’25CHF 1,478.00
CHF 1,671.83
+13.1%
18.1%CHF 2,300.00CHF 1,350.00n/a12
Apr ’25CHF 1,310.00
CHF 1,650.17
+26.0%
19.7%CHF 2,300.00CHF 1,180.00n/a12
Mar ’25CHF 1,256.00
CHF 1,665.17
+32.6%
19.0%CHF 2,300.00CHF 1,180.00n/a12
Feb ’25CHF 1,273.00
CHF 1,669.33
+31.1%
18.8%CHF 2,300.00CHF 1,180.00CHF 1,002.0012
Jan ’25CHF 1,416.00
CHF 1,881.00
+32.8%
18.7%CHF 2,800.00CHF 1,430.00CHF 1,205.0012
Dec ’24CHF 1,436.00
CHF 1,879.27
+30.9%
19.5%CHF 2,800.00CHF 1,430.00CHF 1,334.5011
Nov ’24CHF 1,450.00
CHF 1,929.64
+33.1%
18.2%CHF 2,800.00CHF 1,380.00CHF 1,513.0011
Oct ’24CHF 1,457.00
CHF 2,033.80
+39.6%
15.3%CHF 2,800.00CHF 1,670.00CHF 1,548.0010
Sep ’24CHF 1,539.00
CHF 2,154.27
+40.0%
11.8%CHF 2,800.00CHF 1,800.00CHF 1,373.5011
Aug ’24CHF 1,635.50
CHF 2,177.00
+33.1%
10.7%CHF 2,800.00CHF 1,912.00CHF 1,424.0011
Jul ’24CHF 1,723.00
CHF 2,276.67
+32.1%
9.4%CHF 2,800.00CHF 2,000.00CHF 1,489.0012
Jun ’24CHF 1,872.00
CHF 2,308.33
+23.3%
8.6%CHF 2,800.00CHF 2,075.00CHF 1,552.0012
May ’24CHF 1,901.00
CHF 2,309.58
+21.5%
8.7%CHF 2,800.00CHF 2,075.00CHF 1,478.0012
Apr ’24CHF 1,944.00
CHF 2,301.09
+18.4%
7.1%CHF 2,600.00CHF 2,097.00CHF 1,310.0011
Mar ’24CHF 1,855.00
CHF 2,285.17
+23.2%
5.8%CHF 2,500.00CHF 2,100.00CHF 1,256.0012
Feb ’24CHF 1,912.00
CHF 2,285.17
+19.5%
5.8%CHF 2,500.00CHF 2,100.00CHF 1,273.0012
Analyst Price Target
Consensus Narrative from 13 Analysts
CHF 1.55k
Fair Value
38.3% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/05 04:12
End of Day Share Price 2025/02/05 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

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

Barry Callebaut AG is covered by 30 analysts. 12 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
Laura Pfeifer-RossiBank am Bellevue