Barry Callebaut AG AI Stock Analysis
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Barry Callebaut AG (BARN) AI Stock Analysis
Barry Callebaut AG
(Six Swiss:BARN)
The score is held back primarily by weakening financial performance (revenue decline, margin compression, and still-elevated leverage), partially offset by the sharp 2026 cash-flow rebound. Technicals are supportive with price above key moving averages and strong MACD/RSI momentum. Valuation is a headwind given the high P/E, while earnings-call guidance and deleveraging plans provide a moderately positive counterbalance amid cocoa and regional demand risks.
Barry Callebaut AG (BARN) vs. iShares MSCI Switzerland ETF (EWL)
- Market Cap
- CHF 6.87B
- Dividend Yield
- 2.32%
- Average Volume (3M)
- 11.66K
- Price to Earnings (P/E)
- 43.7
- Beta (1Y)
- 0.97
- Revenue Growth
- -17.57%
- EPS Growth
- -15.41%
- Country
- Switzerland
- Employees
- 13,267
- Sector
- General
- Sector Strength
- 55
- Industry
- Food Confectioners
Barry Callebaut AG Business Overview & Revenue Model
Company Description
Barry Callebaut AG, operating with its subsidiaries, is a leading global manufacturer and distributor of an extensive array of cocoa and chocolate products. The company's diverse offerings include various chocolate compounds, chips, and chunks, along...
How the Company Makes Money
Barry Callebaut makes money primarily by selling chocolate, cocoa, and related specialty ingredients to business customers (B2B) rather than directly to consumers. Its revenue model centers on: (1) Industrial chocolate and specialty products: the com...
Barry Callebaut AG Earnings Call Summary
The call was broadly positive. Management highlighted a return to strong volume growth in the second half, substantial free cash flow, significant debt reduction, improved customer and employee engagement, strategic investments, and positive fiscal 2026-27 profit and cash guidance. These positives were tempered by the full-year EBIT and volume declines, continued weakness in North America and the chocolate confectionery market, the expected 1% group volume impact from the Hershey transition, crop and weather risks, and the need to stabilize the fixed cost base.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For fiscal year ’26-’27, the company reiterated its commitment to deliver volume growth of 1% to 3% for the year, weighted towards the first half with a strong start to the year expected in the first quarter; it expects recurring EBIT growth of 3% to 5% in constant currency, profit before tax growth of around 30% in constant currency and to be below CHF 240 million in financing costs, approximately CHF 25 million of nonrecurring operating expenses, free cash flow of CHF 200 million to CHF 300 million, net debt to recurring EBITDA to remain at or below 2.9x, capital expenditure of approximately CHF 350 million, including supply chain spending of approximately CHF 300 million to CHF 320 million, and an average cocoa bean price of GBP 4,000 per tonne; the Hershey transition is expected to have an impact of around 1% at group level with no impact on profitability in fiscal year ’26-’27 and beyond, while the company is aiming for flat fixed costs in this fiscal year and then the fiscal year beyond.
Barry Callebaut AG Financial Statement Overview
Summary
Mixed fundamentals: revenue fell sharply in 2026 (~14.5%) and profitability compressed materially (gross margin ~11%, net margin ~1.3%). Leverage remains elevated versus prior years despite some improvement, and ROE declined (~5.6%). Offsetting these pressures, 2026 saw a strong rebound in operating and free cash flow, improving near-term liquidity, though cash generation has been volatile.
Income Statement
52NeutralBalance Sheet
48NeutralCash Flow
62Positive| Breakdown | TTM | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.19B | 12.19B | 14.79B | 10.39B | 8.47B | 8.09B |
| Gross Profit | 1.34B | 1.34B | 1.42B | 1.38B | 1.35B | 1.22B |
| EBITDA | 848.58M | 823.82M | 890.48M | 710.41M | 901.65M | 778.83M |
| Net Income | 157.24M | 157.24M | 185.87M | 189.78M | 444.36M | 360.70M |
Balance Sheet | ||||||
| Total Assets | 11.86B | 11.86B | 12.64B | 15.27B | 8.52B | 7.93B |
| Cash, Cash Equivalents and Short-Term Investments | 1.72B | 1.72B | 1.94B | 978.35M | 488.33M | 880.02M |
| Total Debt | 4.19B | 4.19B | 6.21B | 4.80B | 1.80B | 2.08B |
| Total Liabilities | 9.06B | 9.06B | 10.02B | 12.43B | 5.63B | 5.03B |
| Stockholders Equity | 2.80B | 2.80B | 2.62B | 2.84B | 2.90B | 2.90B |
Cash Flow | ||||||
| Free Cash Flow | 2.02B | 2.02B | -337.48M | -2.35B | -456.69M | 189.07M |
| Operating Cash Flow | 2.29B | 2.29B | -42.52M | -2.06B | -215.10M | 464.96M |
| Investing Cash Flow | -283.42M | -283.42M | -269.50M | -280.93M | -230.99M | -301.68M |
| Financing Cash Flow | -2.29B | -2.29B | 1.19B | 2.77B | -555.00M | -381.50M |
Barry Callebaut AG Technical Analysis
Price Trends
Market Momentum
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 1252.00 is above the 20-day moving average (MA) of 1202.10, above the 50-day MA of 1135.90, and above the 200-day MA of 1201.83, indicating a bullish trend. The MACD of 35.63 indicates Negative momentum. The RSI at 60.87 is Neutral, neither overbought nor oversold. The STOCH value of 35.51 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
Overall Rating
CH:GIVN79Outperform
CH:VILN69Neutral
CH:LISN67Neutral
CH:ARYN64Neutral- CH:BARN60Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CH:GIVN | 79Outperform | CHF 37.75B | 30.29 | ― | 1.76% | -1.75% | -12.84% |
| CH:VILN | 69Neutral | CHF 62.12M | 27.52 | ― | 1.51% | -3.06% | -8.74% |
| CH:LISN | 67Neutral | CHF 19.86B | 27.72 | ― | 2.04% | 4.11% | 13.82% |
| CH:ARYN | 64Neutral | CHF 1.04B | 12.79 | 21.06% | ― | -2.92% | -2.01% |
| CH:BARN | 60Neutral | CHF 6.75B | 43.67 | ― | 2.32% | -17.57% | -15.41% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CH:BARN | Barry Callebaut | 1252.00 | 51.61 | 4.30% | |
| CH:ARYN | ARYZTA AG | 43.05 | -6.11 | -12.43% | |
| CH:GIVN | Givaudan | 4090.00 | 857.32 | 26.52% | |
| CH:LISN | Chocoladefabriken Lindt & Spruengli AG | 88200.00 | -32337.57 | -26.83% | |
| CH:VILN | Villars Holding SA | 595.00 | 18.92 | 3.28% | |
| CH:GMI | Groupe Minoteries SA | 226.00 | 19.50 | 9.45% |
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: Nov 11, 2026