Barry Callebaut AG

Barry Callebaut is a cocoa and chocolate company, engaged in serving the food industry, from food manufacturers to professional users of chocolate such as chocolatiers, pastry chefs or bakers and products for vending machines. Co. offers a range of chocolate and other cocoabased products with numerous recipes. Co. also provides a comprehensive range of services in the fields of product development, processing, training and marketing. Co. is fully vertically integrated along the entire value chain: from sourcing of raw materials to finished products on the shelf. Co.'s operations are organized in three business units: Cocoa, Food Manufacturers, Gourmet & Specialties Products.
  • TickerBARN
  • ISINCH0009002962
  • ExchangeSix Swiss Exchange
  • SectorFood Producers
  • CountrySwitzerland

Analysts

Barry Callebaut – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Barry Callebaut AG - August 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ioannis Pontikis

Morningstar | Barry Callebaut Serves Bitter 1Q Volume but Higher Sales; Guidance Extended for Three More Years

Barry Callebaut reported first-quarter sales with sales volume growth at 1.7% (versus 4.5% assumed in our model) and revenue up 3.7% in local currencies (versus 2.5% in our model). Management reaffirmed 2018-19 guidance and extended midterm guidance of 4%-6% average volume growth and EBIT growth on average above volume growth for three more years. We do not anticipate changing our CHF 1,500 fair value estimate after incorporating the first-quarter sales update into our model. We maintain our no-moat rating. Regionwise, disappointing volume growth in Europe, the Middle East, and Africa (down 0...

Ioannis Pontikis

Barry Callebaut Serves Bitter 1Q Volume but Higher Sales; Guidance Extended for Three More Years

Barry Callebaut reported first-quarter sales with sales volume growth at 1.7% (versus 4.5% assumed in our model) and revenue up 3.7% in local currencies (versus 2.5% in our model). Management reaffirmed 2018-19 guidance and extended midterm guidance of 4%-6% average volume growth and EBIT growth on average above volume growth for three more years. We do not anticipate changing our CHF 1,500 fair value estimate after incorporating the first-quarter sales update into our model. We maintain our no-...

Ioannis Pontikis

Morningstar | Barry Callebaut Benefits From Ongoing Outsourcing Trend in Chocolate Manufacturing

Barry Callebaut's position in its industry is significant, considering that it sources a fourth of all cocoa beans produced worldwide and has a 37% share of the outsourced chocolate market. However, we believe that economic returns could prove fleeting as we do not think the firm has secured a durable competitive advantage.Barry Callebaut supplies a basic and unbranded raw material to clients, separately from its gourmet business. The latter accounts for 12% of volume and carries a far higher margin than basic ingredients. Sensitivity to volatile raw material prices is limited by pass-through ...

Barry Callebaut AG - August 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Barry Callebaut AG: Update following rating upgrade to Baa3

Our credit view of Barry, reflecting its strengthening position as its improving performance and solid free cash flow generation compensate for potential volatility in its working capital.

Barry Callebaut AG: Key Facts and Statistics - FYE August 2017

A summary company profile, detailing Barry Callebaut AG’s business operations and financial highlights.

Barry Callebaut AG: Update to credit strengths and challenges

CORPORATES CREDIT OPINION 19 December 2017 Update RATINGS Barry Callebaut AG Domicile Switzerland Long Term Rating Ba1 Type LT Corporate Family Ratings Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Ernesto Bisagno +44.20.7772.5403

Barry Callebaut AG - August 2017 (LTM): Peer Snapshot

Peer Snapshot: Barry Callebaut AG - August 2017 (LTM) 4 December 2017 (in US millions) FYE Aug-15 FYE Aug-16 LTM Aug-17 FYE Mar-16 FYE Mar-17 LTM Sep-17 FYE Feb-16 FYE Feb-17 LTM Aug-17

Ioannis Pontikis

Morningstar | Barry Callebaut Serves Bitter 1Q Volume but Higher Sales; Guidance Extended for Three More Years

Barry Callebaut reported first-quarter sales with sales volume growth at 1.7% (versus 4.5% assumed in our model) and revenue up 3.7% in local currencies (versus 2.5% in our model). Management reaffirmed 2018-19 guidance and extended midterm guidance of 4%-6% average volume growth and EBIT growth on average above volume growth for three more years. We do not anticipate changing our CHF 1,500 fair value estimate after incorporating the first-quarter sales update into our model. We maintain our no-moat rating. Regionwise, disappointing volume growth in Europe, the Middle East, and Africa (down 0...

Ioannis Pontikis

Barry Callebaut Serves Bitter 1Q Volume but Higher Sales; Guidance Extended for Three More Years

Barry Callebaut reported first-quarter sales with sales volume growth at 1.7% (versus 4.5% assumed in our model) and revenue up 3.7% in local currencies (versus 2.5% in our model). Management reaffirmed 2018-19 guidance and extended midterm guidance of 4%-6% average volume growth and EBIT growth on average above volume growth for three more years. We do not anticipate changing our CHF 1,500 fair value estimate after incorporating the first-quarter sales update into our model. We maintain our no-...

Ioannis Pontikis

Morningstar | Barry Callebaut Benefits From Ongoing Outsourcing Trend in Chocolate Manufacturing

Barry Callebaut's position in its industry is significant, considering that it sources a fourth of all cocoa beans produced worldwide and has a 37% share of the outsourced chocolate market. However, we believe that economic returns could prove fleeting as we do not think the firm has secured a durable competitive advantage.Barry Callebaut supplies a basic and unbranded raw material to clients, separately from its gourmet business. The latter accounts for 12% of volume and carries a far higher margin than basic ingredients. Sensitivity to volatile raw material prices is limited by pass-through ...

Ioannis Pontikis

Barry Callebaut Benefits From Ongoing Outsourcing Trend in Chocolate Manufacturing

Barry Callebaut reported in-line fiscal 2018 results for the 52 weeks to Aug. 31, with sales volume growth at 6.3% (versus 5.8% assumed in our model) and revenue up 2.1% in CHF (flat in local currencies). While operating profit increased 20.4% year on year, free cash flow declined by almost 35% driven by higher cocoa bean prices. At the time of writing, shares trade at CHF 2,000, some 30% higher than our CHF 1,500 fair value estimate, which, in turn, given the in-line print we do not anticipate ...

Ioannis Pontikis

Morningstar | Strong Volume Growth Underpins Fiscal 2017-18 Results for Barry Callebaut; Shares Expensive

Barry Callebaut reported in-line fiscal 2018 results for the 52 weeks to Aug. 31, with sales volume growth at 6.3% (versus 5.8% assumed in our model) and revenue up 2.1% in CHF (flat in local currencies). While operating profit increased 20.4% year on year, free cash flow declined by almost 35% driven by higher cocoa bean prices. At the time of writing, shares trade at CHF 2,000, some 30% higher than our CHF 1,500 fair value estimate, which, in turn, given the in-line print we do not anticipate changing after rolling our model forward to account for fiscal 2018 result. Our fair value estimate...

1 director sold

A director at Barry Callebaut Ag sold 60,000 shares at 1,775.000CHF and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

BARRY CALLEBAUT AG reduced its risk exposure resulting in an upgrade to Slightly Positive

BARRY CALLEBAUT AG (CH), a company active in the Food Products industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date November 6, 2018, the closing price was CHF 1,982.00 and its potential was estimated at CHF 2,081.10.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Barry Callebaut – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Barry Callebaut - 2018, December 12th

ITEM 3.2 - Advisory vote on the remuneration report. The remuneration report is not in line with Ethos' guidelines. Ethos recommends to OPPOSE. ITEM 7.1 - Binding prospective vote on the total remuneration of the board of directors. The remuneration is significantly higher than that of the peer group. Ethos recommends to OPPOSE. ITEM 7.2 - Binding prospective vote on the fixed remuneration of the executive management. The fixed remuneration of the CEO is significantly higher than that of the peer group. Ethos recommends to OPPOSE. ITEM 7.3 - Binding vote on the total variable remuneration ...

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