Analyzing NYSE:HRL's Dividend Potential.

HORMEL FOODS CORP (NYSE:HRL) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:HRL demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

What does the Dividend looks like for NYSE:HRL

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NYSE:HRL has been assigned a 7 for dividend:

• HRL's Dividend Yield is rather good when compared to the industry average which is at 3.79. HRL pays more dividend than 84.78% of the companies in the same industry.
• HRL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
• On average, the dividend of HRL grows each year by 8.23%, which is quite nice.
• HRL has been paying a dividend for at least 10 years, so it has a reliable track record.
• HRL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Understanding NYSE:HRL's Health

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:HRL, the assigned 6 for health provides valuable insights:

• HRL has an Altman-Z score of 3.59. This indicates that HRL is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 3.59, HRL is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
• The Debt to FCF ratio of HRL is 3.85, which is a good value as it means it would take HRL, 3.85 years of fcf income to pay off all of its debts.
• HRL has a better Debt to FCF ratio (3.85) than 78.26% of its industry peers.
• HRL has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
• HRL has a better Debt to Equity ratio (0.36) than 61.96% of its industry peers.
• With a decent Quick ratio value of 1.00, HRL is doing good in the industry, outperforming 60.87% of the companies in the same industry.

Profitability Analysis for NYSE:HRL

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:HRL scores a 5 out of 10:

• HRL has a Return On Assets of 5.42%. This is in the better half of the industry: HRL outperforms 68.48% of its industry peers.
• HRL's Return On Equity of 9.72% is fine compared to the rest of the industry. HRL outperforms 65.22% of its industry peers.
• The Return On Invested Capital of HRL (6.68%) is better than 71.74% of its industry peers.
• The Profit Margin of HRL (6.37%) is better than 73.91% of its industry peers.
• HRL has a Operating Margin of 8.39%. This is in the better half of the industry: HRL outperforms 72.83% of its industry peers.

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Our latest full fundamental report of HRL contains the most current fundamental analsysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.