Nestlé S.A.

SWX:NESN Stock Report

Market Cap: CHF 196.4b

Nestlé Valuation

Is NESN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of NESN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NESN (CHF78.08) is trading below our estimate of future cash flow value (CHF157.11)

Significantly Below Future Cash Flow Value: NESN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NESN?

Key metric: As NESN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NESN. This is calculated by dividing NESN's market cap by their current earnings.
What is NESN's PE Ratio?
PE Ratio22.2x
EarningsCHF 9.03b
Market CapCHF 196.44b

Price to Earnings Ratio vs Peers

How does NESN's PE Ratio compare to its peers?

The above table shows the PE ratio for NESN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.1x
LISN Chocoladefabriken Lindt & Sprüngli
35.8x6.91%CHF 25.4b
BARN Barry Callebaut
41x21.83%CHF 7.4b
EMMN Emmi
19.8x6.87%CHF 4.4b
ARYN ARYZTA
15.9x8.66%CHF 1.5b
NESN Nestlé
22.2x8.04%CHF 196.4b

Price-To-Earnings vs Peers: NESN is good value based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (28.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does NESN's PE Ratio compare vs other companies in the European Food Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NESN 22.2xIndustry Avg. 16.1xNo. of Companies18PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NESN is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the European Food industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is NESN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NESN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.2x
Fair PE Ratio31.8x

Price-To-Earnings vs Fair Ratio: NESN is good value based on its Price-To-Earnings Ratio (22.2x) compared to the estimated Fair Price-To-Earnings Ratio (31.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NESN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 78.08
CHF 87.55
+12.13%
10.21%CHF 102.00CHF 69.00n/a22
Mar ’27CHF 83.98
CHF 87.27
+3.92%
10.40%CHF 102.00CHF 68.00n/a22
Feb ’27CHF 73.43
CHF 87.06
+18.57%
10.31%CHF 104.00CHF 71.00n/a22
Jan ’27CHF 78.74
CHF 87.90
+11.63%
9.67%CHF 104.00CHF 71.00n/a20
Dec ’26CHF 80.06
CHF 88.05
+9.98%
9.65%CHF 104.00CHF 71.00n/a20
Nov ’26CHF 76.88
CHF 87.31
+13.56%
9.72%CHF 104.00CHF 71.00n/a20
Oct ’26CHF 73.88
CHF 86.01
+16.41%
10.21%CHF 103.00CHF 71.00n/a20
Sep ’26CHF 75.49
CHF 86.55
+14.65%
10.43%CHF 102.00CHF 71.00n/a22
Aug ’26CHF 71.10
CHF 87.32
+22.82%
10.40%CHF 102.00CHF 71.00n/a22
Jul ’26CHF 79.15
CHF 90.02
+13.74%
9.53%CHF 104.00CHF 73.00n/a23
Jun ’26CHF 87.70
CHF 89.78
+2.37%
10.20%CHF 104.00CHF 73.00n/a23
May ’26CHF 87.74
CHF 89.96
+2.53%
9.97%CHF 104.00CHF 73.00n/a23
Apr ’26CHF 90.16
CHF 90.57
+0.45%
10.74%CHF 104.00CHF 73.00n/a23
Mar ’26CHF 87.12
CHF 89.17
+2.36%
10.75%CHF 103.00CHF 67.00CHF 83.9823
Feb ’26CHF 77.48
CHF 88.17
+13.80%
11.11%CHF 104.00CHF 67.00CHF 73.4323
Jan ’26CHF 74.88
CHF 89.63
+19.69%
8.80%CHF 102.00CHF 76.00CHF 78.7424
Dec ’25CHF 76.48
CHF 90.48
+18.30%
9.34%CHF 110.00CHF 76.00CHF 80.0623
Nov ’25CHF 82.72
CHF 92.83
+12.22%
9.43%CHF 111.00CHF 80.00CHF 76.8823
Oct ’25CHF 84.92
CHF 97.28
+14.56%
8.23%CHF 114.00CHF 84.00CHF 73.8823
Sep ’25CHF 91.02
CHF 99.87
+9.72%
8.65%CHF 120.00CHF 87.00CHF 75.4923
Aug ’25CHF 89.14
CHF 100.61
+12.87%
8.63%CHF 120.00CHF 87.00CHF 71.1023
Jul ’25CHF 91.88
CHF 106.04
+15.42%
9.33%CHF 123.00CHF 86.00CHF 79.1523
Jun ’25CHF 95.56
CHF 107.48
+12.47%
8.71%CHF 123.00CHF 86.00CHF 87.7023
May ’25CHF 92.20
CHF 108.33
+17.49%
9.15%CHF 124.00CHF 84.50CHF 87.7423
Apr ’25CHF 95.75
CHF 108.80
+13.63%
8.89%CHF 124.00CHF 84.50CHF 90.1623
Mar ’25CHF 92.54
CHF 108.50
+17.25%
8.73%CHF 124.00CHF 86.00CHF 87.1224
CHF 87.55
Fair Value
10.8% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/30 17:34
End of Day Share Price 2026/03/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nestlé S.A. is covered by 43 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andreas von ArxBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
José Cabrera van GriekenBanco Santander