Barry Callebaut AG (BARN.SW) stock analysis

In our weekly check, Barry Callebaut AG is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 9 pass, warnings: 5, red flags: 11.

About Barry Callebaut AG

Barry Callebaut AG is a Consumer Defensive company (Food Confectioners) based in Switzerland, listed on SIX as BARN.SW.

What our checks show for BARN.SW

Red flags

• Net debt is 4.8x a year of EBITDA (debt/equity 2.08). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 2 times: a weak year could make the payments hard.
• The net margin fell by 4.1 points over 5 years, to 1.3%: the company keeps less of each sale as profit.
• The gross margin fell by 6.3 points, to 9.6%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 9.4% a year.
• The net margin is only 1.3%: little room if costs rise.
• Free cash flow is negative (-2.3% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 69% from a peak. Would you have held through that?
• Thinly traded (about 10 thousand shares a day): buying and selling can move the price.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Earnings per share fell 19.8% a year over the last 3 years.
• Net profit fell 19.8% a year over the last 3 years.
• The price swings a lot: 36.4% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 9.7%.

Strengths

• Analysts expect earnings per share to grow about 22% a year over the next years.
• Revenue grew 22.3% a year over the last 3 years.
• Beta 0.12: the stock usually moves less than the market.

Next earnings report: 2026-11-04

Similar companies

LISN.SW · LISP.SW · HSY

Questions

What grade does Barry Callebaut AG (BARN.SW) have?

In our weekly check, Barry Callebaut AG is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 9 pass, warnings: 5, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of BARN.SW stock?

This week's biggest flags for Barry Callebaut AG: High debt, Weak interest cover, Margins falling. In total 16 of 25 checks show a warning or a red flag.

What does Barry Callebaut AG do?

Barry Callebaut AG is a Consumer Defensive company (Food Confectioners) based in Switzerland, listed on SIX as BARN.SW.

When does Barry Callebaut AG report earnings next?

The next earnings report is expected on 2026-11-04. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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