BARRY CALLEBAUT AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,377 CHF | -1.15% |
|
-2.41% | -2.96% |
| Apr. 26 | Barry Callebaut Accepts Penalty for Negligent Publishing of FY22 Financial Report | MT |
| Apr. 19 | Barry Callebaut: launch of FFI for sustainable cocoa | CF |
Valuation
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,086 | 10,955 | 12,781 | 10,984 | 8,448 | 7,537 | - | - |
| Enterprise Value (EV) 1 | 12,391 | 12,321 | 14,062 | 12,183 | 9,757 | 9,807 | 9,717 | 9,293 |
| P/E ratio | 30.1 x | 34.8 x | 33.4 x | 30.5 x | 19.1 x | 26.2 x | 19.1 x | 13.9 x |
| Yield | 1.28% | 1.1% | 1.2% | 1.4% | 1.88% | 2.13% | 2.28% | 2.65% |
| Capitalization / Revenue | 1.52 x | 1.59 x | 1.77 x | 1.36 x | 1 x | 0.81 x | 0.76 x | 0.73 x |
| EV / Revenue | 1.7 x | 1.79 x | 1.95 x | 1.51 x | 1.15 x | 1.05 x | 0.98 x | 0.9 x |
| EV / EBITDA | 16 x | 17.3 x | 17.7 x | 14.2 x | 10.9 x | 11.9 x | 10.1 x | 8.43 x |
| EV / FCF | 42.8 x | 38.9 x | 41.3 x | 49.6 x | 82.2 x | -12 x | -47 x | 12.2 x |
| FCF Yield | 2.34% | 2.57% | 2.42% | 2.02% | 1.22% | -8.35% | -2.13% | 8.23% |
| Price to Book | 4.62 x | 4.66 x | 4.78 x | 3.78 x | 2.91 x | 2.46 x | 2.32 x | 2.1 x |
| Nbr of stocks (in thousands) | 5,477 | 5,478 | 5,476 | 5,481 | 5,479 | 5,474 | - | - |
| Reference price 2 | 2,024 | 2,000 | 2,334 | 2,004 | 1,542 | 1,377 | 1,377 | 1,377 |
| Announcement Date | 11/6/19 | 11/11/20 | 11/10/21 | 10/31/22 | 11/1/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,309 | 6,893 | 7,208 | 8,092 | 8,471 | 9,322 | 9,963 | 10,360 |
| EBITDA 1 | 775 | 711.9 | 795.2 | 860.6 | 897.3 | 822.9 | 957.5 | 1,103 |
| EBIT 1 | 601.2 | 491 | 566.7 | 624.7 | 659.4 | 608.6 | 719.8 | 820.7 |
| Operating Margin | 8.23% | 7.12% | 7.86% | 7.72% | 7.78% | 6.53% | 7.22% | 7.92% |
| Earnings before Tax (EBT) 1 | 452.8 | 380.7 | 465 | 431.7 | 535.3 | 344.9 | 477.8 | 693.5 |
| Net income 1 | 370.3 | 316.1 | 383.9 | 360.7 | 444.4 | 287.3 | 377.6 | 545.1 |
| Net margin | 5.07% | 4.59% | 5.33% | 4.46% | 5.25% | 3.08% | 3.79% | 5.26% |
| EPS 2 | 67.21 | 57.46 | 69.84 | 65.66 | 80.90 | 52.56 | 71.97 | 99.24 |
| Free Cash Flow 1 | 289.7 | 317 | 340.4 | 245.8 | 118.7 | -818.6 | -206.9 | 764.7 |
| FCF margin | 3.96% | 4.6% | 4.72% | 3.04% | 1.4% | -8.78% | -2.08% | 7.38% |
| FCF Conversion (EBITDA) | 37.38% | 44.53% | 42.81% | 28.56% | 13.23% | - | - | 69.35% |
| FCF Conversion (Net income) | 78.24% | 100.3% | 88.66% | 68.13% | 26.72% | - | - | 140.29% |
| Dividend per Share 2 | 26.00 | 22.00 | 28.00 | 28.00 | 29.00 | 29.28 | 31.38 | 36.46 |
| Announcement Date | 11/6/19 | 11/11/20 | 11/10/21 | 10/31/22 | 11/1/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: August | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,762 | 3,131 | 3,482 | 3,726 | 2,032 | 1,998 | 4,030 | 2,031 | 2,031 | 4,062 | 2,110 | 2,070 | 4,181 | 4,643 | 2,470 | 2,594 | 5,064 |
| EBITDA | - | 298.9 | - | 389.4 | - | - | - | - | - | - | - | - | 466.9 | 460 | - | - | - |
| EBIT | 311.5 | 179.5 | 296.7 | 269.9 | - | - | 318.1 | - | - | 306.6 | - | - | 348.4 | 339.4 | - | - | 330 |
| Operating Margin | 8.28% | 5.73% | 8.52% | 7.24% | - | - | 7.89% | - | - | 7.55% | - | - | 8.33% | 7.31% | - | - | 6.52% |
| Earnings before Tax (EBT) | - | 127.4 | - | 216.1 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 112.4 | - | 178.3 | - | - | - | - | - | - | - | - | 235.5 | 77.93 | - | - | - |
| Net margin | - | 3.59% | - | 4.78% | - | - | - | - | - | - | - | - | 5.63% | 1.68% | - | - | - |
| EPS | 37.87 | 19.59 | 37.33 | 32.51 | - | - | 40.94 | - | - | 24.72 | - | - | 42.87 | 14.20 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/16/20 | 11/11/20 | 4/22/21 | 11/10/21 | 1/26/22 | 4/13/22 | 4/13/22 | 7/5/22 | 10/31/22 | 10/31/22 | 1/5/23 | 4/5/23 | 4/5/23 | 4/10/24 | - | - | - |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,305 | 1,366 | 1,281 | 1,199 | 1,309 | 2,270 | 2,180 | 1,756 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.683 x | 1.919 x | 1.611 x | 1.393 x | 1.459 x | 2.758 x | 2.277 x | 1.593 x |
| Free Cash Flow 1 | 290 | 317 | 340 | 246 | 119 | -819 | -207 | 765 |
| ROE (net income / shareholders' equity) | 15.4% | 13.2% | 14.3% | 12.9% | 15.3% | 11.1% | 13.5% | 15.6% |
| ROA (Net income/ Total Assets) | 6% | 4.63% | 5.34% | 4.81% | 5.49% | 5.7% | 5.12% | 6.28% |
| Assets 1 | 6,170 | 6,825 | 7,193 | 7,502 | 8,097 | 5,040 | 7,382 | 8,680 |
| Book Value Per Share 2 | 438.0 | 429.0 | 488.0 | 530.0 | 529.0 | 560.0 | 593.0 | 656.0 |
| Cash Flow per Share 2 | 101.0 | 108.0 | 112.0 | 95.00 | 60.20 | -209.0 | 84.40 | 173.0 |
| Capex 1 | 280 | 281 | 275 | 276 | 241 | 386 | 483 | 302 |
| Capex / Sales | 3.83% | 4.08% | 3.82% | 3.41% | 2.85% | 4.14% | 4.84% | 2.91% |
| Announcement Date | 11/6/19 | 11/11/20 | 11/10/21 | 10/31/22 | 11/1/23 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1,377
CHF
Average target price
1,680
CHF
Spread / Average Target
+22.02%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.96% | 8.24B | |
| +2.94% | 26.35B | |
| -7.60% | 2.17B | |
| -0.90% | 1.46B | |
| -3.67% | 1.15B | |
| +52.46% | 687M | |
| -8.73% | 435M | |
| -20.09% | 401M | |
| -8.11% | 206M | |
| -16.00% | 201M |
- Stock Market
- Equities
- BARN Stock
- Financials Barry Callebaut AG
