Bell Food Group (BELL) AI Stock Analysis

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Bell Food Group

(Six Swiss:BELL)

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Rating:62Neutral

Price Target:CHF 251.00▼(-3.65% Downside)

Action:reiterated

Date:09/26/26

The overall score of 62 reflects a company with a stable financial foundation but significant profitability challenges. The strongest factor is positive technical momentum, with the stock trading above all major moving averages and strong MACD/RSI readings. This is tempered by weak financial performance, marked by declining margins and minimal free cash flow generation. The attractive dividend yield and reasonable P/E ratio provide moderate valuation support.

Positive Factors

Steady Revenue GrowthConsistent revenue growth indicates a stable demand base across Bell Food Group’s packaged-food activities. This supports ongoing customer relevance and provides a foundation for maintaining scale, funding operations, and building earnings capacity over the next several quarters.

Negative Factors

Recent Profitability WeaknessThe recent decline in net income and operating profit signals that Bell’s thin margins are vulnerable to pressure. Weaker earnings reduce internal funding capacity and could constrain investment, shareholder returns, or strategic flexibility if the trend persists.

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

Market Cap: CHF 1.62B
Dividend Yield: 2.69%
Average Volume (3M): 5,464
Price to Earnings (P/E): 20.6
Beta (1Y): 0.10
Revenue Growth: 1.67%
EPS Growth: -36.08%
Country: Switzerland
Employees: 13,259
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Bell Food Group Business Overview & Revenue Model

Company Description

Founded in 1869 and headquartered in Basel, Switzerland, Bell Food Group AG is a leading European entity engaged in the production and distribution of meat and convenience food items. Their comprehensive product portfolio includes various meats, poul...

How the Company Makes Money

Bell Food Group generates revenue mainly from selling food products through multiple channels (retail, foodservice, and industrial/B2B customers). Key revenue streams include: (1) Fresh meat sales, where the company earns revenue by supplying package...

Bell Food Group Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is reasonably strong with manageable debt (D/E 0.61) and growing equity, but profitability is weak with declining margins (net margin 1.4%) and low return on equity (4.3%). Cash flow from operations is healthy but high capex leaves minimal free cash flow (CHF 3.3M), limiting flexibility.

Income Statement

42Neutral

Balance Sheet

65Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.90B	4.88B	4.73B	4.51B	4.32B	4.15B
Gross Profit	564.90M	560.90M	1.88B	591.40M	553.50M	544.90M
EBITDA	385.20M	367.00M	351.10M	335.70M	320.30M	324.90M
Net Income	79.20M	69.60M	123.70M	129.60M	127.80M	127.40M
Balance Sheet
Total Assets	3.21B	3.19B	3.20B	3.27B	3.08B	2.80B
Cash, Cash Equivalents and Short-Term Investments	103.10M	126.10M	170.80M	425.70M	315.70M	187.20M
Total Debt	976.10M	991.90M	1.02B	1.23B	1.06B	867.70M
Total Liabilities	1.59B	1.57B	1.60B	1.77B	1.60B	1.38B
Stockholders Equity	1.62B	1.61B	1.60B	1.51B	1.47B	1.41B
Cash Flow
Free Cash Flow	79.20M	3.30M	-11.50M	-18.40M	-13.80M	54.60M
Operating Cash Flow	357.60M	274.80M	301.30M	311.70M	241.40M	293.50M
Investing Cash Flow	-257.20M	-239.20M	-311.00M	-325.90M	-254.80M	-246.60M
Financing Cash Flow	-110.80M	-80.10M	-245.50M	124.90M	144.70M	-39.60M

Bell Food Group Technical Analysis

Technical Analysis SentimentPositive

Last Price260.50

Price Trends

50DMA239.02Positive

100DMA213.84Positive

200DMA204.21Positive

Market Momentum

MACD5.32Negative

RSI78.57Negative

STOCH89.61Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:BELL, the sentiment is Positive. The current price of 260.50 is above the 20-day moving average (MA) of 247.85, above the 50-day MA of 239.02, and above the 200-day MA of 204.21, indicating a bullish trend. The MACD of 5.32 indicates Negative momentum. The RSI at 78.57 is Negative, neither overbought nor oversold. The STOCH value of 89.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:BELL.

Bell Food Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

CH:BELL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CH:NESN	75Outperform	CHF 217.12B	29.72	23.98%	3.61%	-2.39%	-27.81%
CH:ARYN	64Neutral	CHF 1.03B	12.80	21.06%	―	-2.92%	-2.01%
CH:EMMN	64Neutral	CHF 5.08B	22.17	21.20%	1.83%	4.18%	8.23%
CH:BELL	62Neutral	CHF 1.61B	20.59	4.90%	2.69%	1.67%	-36.08%
CH:LISN	57Neutral	CHF 19.83B	28.57	―	1.98%	4.11%	13.82%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
CH:BARN	50Neutral	CHF 6.58B	29.38	―	2.23%	9.39%	68.92%

* General Sector Average

Performance Comparison

CH:BELL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CH:BELL	Bell Food Group	260.50	43.89	20.26%
CH:NESN	Nestlé	85.90	10.11	13.33%
CH:ARYN	ARYZTA AG	42.70	-7.26	-14.53%
CH:LISN	Chocoladefabriken Lindt & Spruengli AG	90900.00	-31603.92	-25.80%
CH:BARN	Barry Callebaut	1303.00	208.18	19.01%
CH:EMMN	Emmi AG	956.00	252.20	35.83%

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: Sep 26, 2026

Bell Food Group AI Stock Analysis