Education
About Us
Working with TipRanks
Follow Us
Barry Callebaut AG (CH:BARN)
:BARN
Top Page
Barry Callebaut AG
(BARN)
Select Model
Select Model
Rating:64Neutral
Price Target:
CHF1,037.00
▼(-7.41% Downside)
Barry Callebaut AG's overall stock score reflects strong revenue growth and operational efficiency but is tempered by financial leverage and cash flow challenges. Technical indicators show positive short-term trends, but valuation concerns and a challenging market environment, as highlighted in the earnings call, weigh on the score.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong demand for Barry Callebaut's products and effective market strategies, supporting long-term business expansion.
Operational Efficiency
Strong operational efficiency reflects the company's ability to manage costs and optimize production, enhancing profitability and competitive positioning.
Specialty Chocolates Growth
Growth in specialty chocolates highlights successful product differentiation and market penetration, contributing to long-term revenue diversification.
Negative Factors
Rising Debt Levels
Increased financial leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.
Cash Flow Challenges
Negative cash flow can strain the company's ability to fund operations and growth internally, potentially necessitating external financing.
Volume Decline
Declining sales volume can indicate weakening demand or competitive pressures, which may affect future revenue and market share.
Barry Callebaut AG (BARN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF5.52B
Dividend Yield2.59%
Average Volume (3M)12.29K
Price to Earnings (P/E)38.4
Beta (1Y)0.78
Revenue Growth45.87%
EPS Growth-49.83%
CountryCH
Employees13,239
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,488,858
10 Day Avg. Volume11,842
30 Day Avg. Volume12,286
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF1,113.75Price Target Upside-0.56% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Barry Callebaut AG Business Overview & Revenue Model
Company DescriptionBarry Callebaut AG is a global leader in the chocolate and cocoa industry, headquartered in Zurich, Switzerland. The company operates in two main segments: Cocoa and Chocolate, providing an extensive range of products including cocoa powders, chocolate bars, and specialty chocolates. With a strong focus on sustainability, Barry Callebaut sources high-quality cocoa and chocolate ingredients for various applications, serving a diverse clientele that includes food manufacturers, artisans, and retailers worldwide.
How the Company Makes MoneyBarry Callebaut generates revenue primarily through the sale of chocolate and cocoa products. Its revenue model is built on supplying bulk chocolate and cocoa ingredients to manufacturers in the confectionery, bakery, and beverage sectors. Key revenue streams include direct sales to large food manufacturers and partnerships with artisanal producers, allowing the company to cater to both large-scale industrial clients and niche markets. Additionally, the company benefits from long-term contracts and relationships with key customers, which provide stable revenue. Strategic initiatives, such as investing in sustainable sourcing practices and expanding production capacities in emerging markets, further enhance its earnings potential.
Barry Callebaut AG Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a company making progress in cash generation and strategic initiatives but facing significant challenges in volume declines, market volatility, and cost pressures. While there are positive developments in specific segments, the overall environment remains challenging.Q4-2025 Updates
Positive Updates
Return to Cash Generation
The company returned to cash generation in H2 and made strong progress on its deleverage agenda, supported by actions from the BC Next Level journey.
Recurring EBIT Growth
Recurring EBIT increased by 6.4% in constant currency, aided by pricing through increased cost of financing and mix.
Working Capital Actions
The company made significant progress in working capital actions, including diversifying sourcing, optimizing purchase timing, and introducing a letter of credit facility.
Cacao Coatings Growth
Cacao coatings saw positive growth, particularly in Western Europe and Latin America, driven by innovation and reformulation efforts.
Innovation and Strategic Initiatives
The company launched several initiatives, including BCOS and a new brand purpose with Callebaut, to enhance operations and customer experience.
Negative Updates
Volume Decline
The company experienced a volume decline of 6.8%, with notable declines in Global Cocoa (12.8%) and Global Chocolate (5.3%).
Impact of Cocoa Market Volatility
The cocoa market turbulence created a challenging B2B environment, impacting volume development and net profit, which decreased by 36% in local currencies.
Higher Net Debt
Net debt remained high at CHF 4.3 billion, although it is fully backed by high-quality inventory.
Challenges in North America
Intervention in the Toluca, Mexico factory and other operational issues led to residual impacts on customer requalification.
Cost Pressures
The company faced significant cost pressures due to unprecedented market disruption costs, inflation, and structural investments.
Company Guidance
During the Barry Callebaut Full Year Results Presentation for 2024-2025, key guidance metrics were discussed, indicating a strategic focus on deleveraging and growth. The company aims to reduce its net debt to EBITDA ratio to below 3.5x by the end of fiscal 2026, with a current leverage of 4.5x, down from a peak of 6.5x. This reduction is supported by strong cash generation and a balanced debt maturity profile, with CHF 700 million due annually over the next five years. Barry Callebaut also plans to enhance customer experience and competitiveness, innovate solutions, and target optimization opportunities. Despite a challenging environment with a 6.8% decline in group volume, the company projects low to mid-single-digit EBIT growth and double-digit growth in profit before tax for the upcoming fiscal year. Free cash flow showed a decline of CHF 312 million for the year, but a strong cash inflow of CHF 1.8 billion in the second half was achieved, mainly due to operational improvements and strategic actions.Barry Callebaut AG Financial Statement Overview
Summary
Barry Callebaut AG shows strong revenue growth and operational efficiency, but increasing financial leverage and cash flow challenges pose potential risks. The company needs to address its cash flow issues to maintain financial stability and support future growth.Income Statement
Barry Callebaut AG has demonstrated solid revenue growth over the years, with a notable increase from the previous year. The gross profit margin remains strong, but there has been a decline in net profit margin due to reduced net income. However, the EBIT and EBITDA margins indicate robust operational efficiency.75
Positive
Balance Sheet
The company's financial leverage has increased, as shown by a higher debt-to-equity ratio, indicating rising debt levels. Despite this, the equity ratio remains reasonable, and the return on equity is satisfactory, reflecting the company's ability to generate profits from its equity base.65
Positive
Cash Flow
The cash flow situation is concerning, with a negative free cash flow and operating cash flow. This could challenge the company's ability to finance its operations and growth without external funding. However, the historical ability to maintain free cash flow to net income ratio shows some resilience.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.03B | 10.39B | 8.47B | 8.09B | 7.21B | 6.89B |
| Gross Profit | 1.37B | 1.38B | 1.35B | 1.22B | 1.15B | 1.06B |
| EBITDA | 834.89M | 710.41M | 901.65M | 778.83M | 791.98M | 703.71M |
| Net Income | 143.91M | 189.78M | 444.36M | 360.70M | 383.94M | 316.05M |
Balance Sheet | ||||||
| Total Assets | 17.84B | 15.27B | 8.52B | 7.93B | 7.35B | 7.21B |
| Cash, Cash Equivalents and Short-Term Investments | 1.61B | 978.35M | 488.33M | 880.02M | 1.10B | 1.39B |
| Total Debt | 7.72B | 4.80B | 1.80B | 2.08B | 2.38B | 2.76B |
| Total Liabilities | 15.11B | 12.43B | 5.63B | 5.03B | 4.67B | 4.85B |
| Stockholders Equity | 2.72B | 2.84B | 2.90B | 2.90B | 2.68B | 2.35B |
Cash Flow | ||||||
| Free Cash Flow | -3.31B | -2.35B | -456.69M | 189.07M | 428.66M | 271.61M |
| Operating Cash Flow | -3.04B | -2.06B | -215.10M | 464.96M | 704.08M | 552.50M |
| Investing Cash Flow | -287.24M | -280.93M | -230.99M | -301.68M | -265.01M | -304.93M |
| Financing Cash Flow | 4.42B | 2.77B | -555.00M | -381.50M | -618.98M | 591.13M |
Barry Callebaut AG Technical Analysis
Positive
1120.00
Price Trends
1125.08
Negative
1041.19
Positive
997.79
Positive
Market Momentum
-20.72
Positive
50.62
Neutral
34.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:BARN, the sentiment is Positive. The current price of 1120 is below the 20-day moving average (MA) of 1141.40, below the 50-day MA of 1125.08, and above the 200-day MA of 997.79, indicating a neutral trend. The MACD of -20.72 indicates Positive momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 34.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:BARN.
Barry Callebaut AG Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | CHF30.21B | 27.61 | ― | 2.11% | 5.93% | 6.00% | |
72 Outperform | CHF28.68B | 44.54 | ― | 1.21% | 7.37% | -5.49% | |
64 Neutral | CHF5.52B | 38.39 | ― | 2.59% | 45.87% | -49.83% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
CH:BARN
Barry Callebaut AG
1,120.00
-258.77
-18.77%
CH:GIVN
Givaudan SA
3,315.00
-519.16
-13.54%
CH:LISN
Chocoladefabriken Lindt & Spruengli AG
124,600.00
24,504.46
24.48%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.