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Bell Food Group Ltd. (CH:BELL)
:BELL
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Bell Food Group (BELL) AI Stock Analysis

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CH:BELL

Bell Food Group

(BELL)

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Neutral 53 (OpenAI - 5.2)
Rating:53Neutral
Price Target:
CHF181.00
▼(-19.02% Downside)
Action:Reiterated
Date:02/18/26
CH:BELL scores in the low-50s mainly due to pressured fundamentals (weaker 2025 profitability and inconsistent/weak free cash flow) and a soft technical setup (price below key moving averages with negative MACD). Valuation is a partial offset, supported by a reasonable P/E and a 3.23% dividend yield.
Positive Factors
Diversified product portfolio & regional brands
Bell's broad product mix across fresh meat, processed charcuterie, seafood and chilled convenience reduces reliance on any single category or customer channel. Regional branded and private-label scale in core European markets supports stable demand and bargaining power with retailers over the medium term.
Negative Factors
Recent material net income decline
A sizeable net income decline in 2025 signals margin compression or one-off costs that have impaired profitability. If structural (cost inflation, weaker pricing power, or mix shift), such pressure can erode returns, reduce reinvestment capacity, and heighten sensitivity to further cost shocks across the business.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product portfolio & regional brands
Bell's broad product mix across fresh meat, processed charcuterie, seafood and chilled convenience reduces reliance on any single category or customer channel. Regional branded and private-label scale in core European markets supports stable demand and bargaining power with retailers over the medium term.
Read all positive factors

Bell Food Group (BELL) vs. iShares MSCI Switzerland ETF (EWL)

Bell Food Group Business Overview & Revenue Model

Company Description
Bell Food Group AG engages in the processing of meat and convenience products in Europe. Its products include meat, poultry, charcuterie, and seafood; and convenience products, such as salads, sandwiches, fresh meals, pasta, sauces, dressings, and...
How the Company Makes Money
Bell Food Group makes money primarily by manufacturing and selling food products, with revenue largely generated from (1) fresh meat and poultry sales, where the company buys livestock/raw materials, processes them (slaughtering, cutting, packagin...

Bell Food Group Financial Statement Overview

Summary
Income statement is stable but pressured: steady low-to-mid single-digit revenue growth (2021–2024) is offset by a material net income drop in 2025 and weaker operating profit, suggesting margin pressure. Balance sheet is moderately supportive with improving debt-to-equity and rising equity, but debt remains sizeable versus earnings power. Cash flow is the main weakness: operating cash flow is positive, yet free cash flow has been volatile and often negative (2022–2024) and near breakeven again in 2025.
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
45
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.88B4.73B4.51B4.32B4.15B
Gross Profit560.90M1.88B591.40M553.50M544.90M
EBITDA367.00M351.20M335.70M320.30M324.90M
Net Income69.60M123.70M129.60M127.80M127.40M
Balance Sheet
Total Assets3.19B3.20B3.27B3.08B2.80B
Cash, Cash Equivalents and Short-Term Investments126.10M170.80M425.70M315.70M187.20M
Total Debt991.90M1.02B1.23B1.06B867.70M
Total Liabilities1.57B1.60B1.77B1.60B1.38B
Stockholders Equity1.61B1.60B1.51B1.47B1.41B
Cash Flow
Free Cash Flow3.30M-11.50M-18.40M-13.80M54.60M
Operating Cash Flow274.80M301.30M311.70M241.40M293.50M
Investing Cash Flow-239.20M-311.00M-325.90M-254.80M-246.60M
Financing Cash Flow-80.10M-245.50M124.90M144.70M-39.60M

Bell Food Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price223.50
Price Trends
50DMA
191.25
Negative
100DMA
200.67
Negative
200DMA
214.95
Negative
Market Momentum
MACD
-3.64
Negative
RSI
28.18
Positive
STOCH
34.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:BELL, the sentiment is Negative. The current price of 223.5 is above the 20-day moving average (MA) of 184.28, above the 50-day MA of 191.25, and above the 200-day MA of 214.95, indicating a bearish trend. The MACD of -3.64 indicates Negative momentum. The RSI at 28.18 is Positive, neither overbought nor oversold. The STOCH value of 34.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:BELL.

Bell Food Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
CHF4.42B17.3222.25%2.26%9.13%3.07%
69
Neutral
CHF1.35B5.4221.15%-0.31%3.66%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
53
Neutral
CHF1.12B14.647.93%3.18%3.31%-43.64%
47
Neutral
CHF89.43M2.76-2.98%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CH:BELL
Bell Food Group
178.20
-75.08
-29.64%
CH:ARYN
ARYZTA AG
54.60
-29.55
-35.12%
CH:EMMN
Emmi AG
827.00
12.59
1.55%
CH:ORON
Orior AG
13.70
-0.74
-5.12%
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.Date of analysis: Feb 18, 2026