Bell Food Group AG (0RFX) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Bell Food Group AG £160, price £238, upside -32.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range £170.37 – £308.28 · fair‑value band £141.39 – £179.71 · the £237.50 price screens above the £159.63 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Bell Food Group AG engages in the processing of meat and convenience products for the retail, food service, and food industries in Switzerland.
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Bell Food Group AG engages in the processing of meat and convenience products for the retail, food service, and food industries in Switzerland. The company offers meat products, such as beef, veal, pork, and lamb; charcuterie consisting of dried ham and cured sausage specialties; chicken and turkey poultry products; and seafood, crustaceans, and frozen products. It also provides convenience products, such as meals, chilled pasta, ready-to-serve pizzas, and sauces; to-go products, which includes salad meals, sandwiches, muesli, fruit cups and wraps; vegetarian and vegan products that includes ready-cut salads, fruit and vegetables, vegetarian sauces, soups and menu components, tofu, and hummus, as well as plant-based meat alternatives, such as burgers, sausages, steaks, and schnitzels; and non-perishable convenience products comprising soups, sauces, bouillons, seasoning mixes, dressings and dips, desserts, functional foods, chilled herb products, canned vegetables, and menu components. The company sells its products under the Bell, Abraham, Cher-Mignon, Geiser, Gourmet Naturel, Hubers, Le Buron des Puys, Maison de Savoie, Mossieur Polette, and Sanchez Alcaraz brands; and convenience brands that include Bresc, Eden, Erntesegen, Eisberg, Hilcona, Hügli, It's Vegic, La Pasteria, Vogeley, Stein's BEST, Nature Company, Green Mountain, tellofix, and Tutto Gusto. The company was founded in 1869 and is headquartered in Basel, Switzerland. Bell Food Group AG is a subsidiary of Coop Group Cooperative.
Stock analysis
Bell Food Group AG (0RFX) currently trades at £237.50, while our model-based Fair Value estimate is £159.63, 32.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of £195.23 per share, and 3 of the 22 models we run sit above the £237.50 price.
Bear case: the Earnings-Based group reads lowest at £54.23, and 19 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: £141.39 (bear) to £179.71 (bull), the price of £237.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bell Food Group AG reported revenue of £4.9B in FY2025 versus £4.2B in FY2021, a compound +4.1%/yr. Reported net income was £69.6M in FY2025, compounding −14.0%/yr from FY2021.
Key figures
Market cap £1.5B · P/E ratio 0.1 · EPS (TTM) £20.31 · Dividend yield 2.9% · Net margin 1.4% · Return on equity 4.3% · Return on assets (EBIT) 6.5% · Operating margin 2.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −33%, 0RFX screens richer than that median.
Fair Value models
Bear £141.39Fair Value £159.63Bull £179.71
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£10.07 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Start year 2020 (pandemic). Over 10 years: +5.8% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.3%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.1% vs −6.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 2%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+55.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +51.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Food Products” was too small, so the broader sector is used.)Industrials · 5305 stocks
Beats the sector median on 3/10 measures
Overall it trails its sector peers.
Valuation
Quality Score56 · Above median
Fair Value upside−32.8% · Below median
Profitability
Return on equity (TTM)4.3% · Below median
Return on assets2.3% · Below median
Net margin (TTM)1.4% · Below median
Operating margin (TTM)2.1% · Below median
Growth and dividend
Revenue growth2.9% · Below median
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.53× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
P/E (TTM)0.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 17
FUTURE (revenue growth)15· sector 36
PAST (return on equity)17· sector 29
HEALTH (low debt)73· sector 94
DIVIDEND (yield)59· sector 37
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bell Food Group AG Fair Value". https://www.fairvalue-calculator.com/stock/0RFX
Frequently asked questions
Is Bell Food Group AG (0RFX) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £159.63 versus a price of £237.50, about −33% upside (overvalued).
What is the fair value of 0RFX?
Our model-based fair value for Bell Food Group AG is £159.63 (as of Sep 24, 2026), built from audited fundamentals. The current price: £237.50.
What is the quality score of 0RFX?
Bell Food Group AG has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bell Food Group AG (0RFX)?
Our model-based price target is the fair value of £159.63 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario £141.39, optimistic scenario £179.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Bell Food Group AG stock forecast for 2026?
Our models put fair value at £159.63, about −33% upside versus a price of £237.50 (overvalued). Cautious scenario £141.39, optimistic scenario £179.71. The calculation is refreshed regularly with new filings.
What is the revenue of Bell Food Group AG (0RFX)?
Bell Food Group AG reported trailing-twelve-month revenue of about £4.9B (latest available figure, as of Sep 24, 2026).
Does Bell Food Group AG pay a dividend?
Bell Food Group AG currently shows a dividend yield of about 2.95% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bell Food Group AG (0RFX)?
For today's price to be fair in a discounted-cash-flow model, Bell Food Group AG would have to grow free cash flow by +55.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0RFX use?
Our models discount Bell Food Group AG at 10.3 %: a base by market capitalisation (small), damped by beta 0.23, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bell Food Group AG that is +55.1 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Bell Food Group AG (0RFX) delivered so far?
Over the past 5 years revenue at Bell Food Group AG grew +4.0 % a year. The price currently implies +55.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bell Food Group AG (0RFX) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Bell Food Group AG (+55.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bell Food Group AG (0RFX)?
The free-cash-flow yield on the price is 0.86 %: that much free cash flow Bell Food Group AG produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bell Food Group AG (0RFX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bell Food Group AG it is £159.63 per share (as of Sep 24, 2026), against a price of £237.50. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Bell Food Group AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0RFX trades above its calculated fair value: price £237.50, fair value £159.63, a gap of about −33% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0RFX?
No. The price is what the market pays today (£237.50); the fair value is what the company's own numbers justify (£159.63). For Bell Food Group AG the two are £77.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bell Food Group AG worth?
The market values Bell Food Group AG at about £1.5B (market capitalisation, as of Sep 24, 2026). Per share that is £237.50; our models calculate a fair value of £159.63 per share.
What do the bullish and bearish scenarios say about 0RFX?
Our models span a range for Bell Food Group AG: cautious scenario £141.39, base £159.63, optimistic £179.71 per share (as of Sep 24, 2026, price £237.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0RFX?
Bell Food Group AG trades at a price-to-earnings ratio of 0.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £159.63 is built from several models across several years.
How solid is the balance sheet of Bell Food Group AG (0RFX)?
Balance-sheet figures for Bell Food Group AG (as of Sep 24, 2026): return on equity 4.3%, debt of 0.53 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 0RFX from its 52-week high?
Bell Food Group AG trades at £237.50, about 3% below its 52-week high of £243.96 and 39% above the low of £170.37 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £159.63 is for.
Which stocks are comparable to Bell Food Group AG?
From the same area (Industrials) we also value Goodricke Group, SOURCENTRL, B & A Limited, DILIGENT, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bell Food Group AG stock attractive at the current price?
The data as of Sep 24, 2026: price £237.50, calculated fair value £159.63 (−33%), Quality Score 56/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0RFX calculated?
We run Bell Food Group AG through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £159.63, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Bell Food Group AG itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bell Food Group AG (0RFX)?
The closing price on Oct 2, 2026 was £237.50. Our model-based fair value is £159.63, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bell Food Group AG right now?
The price sits above even our optimistic bull case (£179.71). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Bell Food Group AG (0RFX) come from?
Earnings per share at Bell Food Group AG grew −2.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.5 %, EBIT margin −0.4 %, tax rate −0.1 %, residual (interest, one-offs) −3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bell Food Group AG
How large is the market capitalisation of Bell Food Group AG (0RFX)?
The market capitalisation of Bell Food Group AG is £1.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Bell Food Group AG (0RFX)?
Earnings per share at Bell Food Group AG are £20.31 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bell Food Group AG (0RFX)?
The dividend yield of Bell Food Group AG is 2.9% (payout 34.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bell Food Group AG (0RFX)?
The net margin of Bell Food Group AG is 1.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bell Food Group AG (0RFX)?
The return on equity (ROE) of Bell Food Group AG is 4.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bell Food Group AG (0RFX)?
On an EBIT basis the return on assets of Bell Food Group AG is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bell Food Group AG (0RFX)?
The operating margin of Bell Food Group AG is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bell Food Group AG (0RFX)?
Revenue at Bell Food Group AG is growing +2.9% versus a year earlier (3y avg +4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bell Food Group AG (0RFX)?
Earnings per share at Bell Food Group AG are growing −69.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bell Food Group AG (0RFX) carry?
The net debt of Bell Food Group AG is £870M (fiscal year 2025, ≈ 68.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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