HERSHEY CO/THE (HSY.DE) Stock Fundamental Analysis

FRA:HSY • US4278661081

187.08 EUR
+0.96 (+0.52%)
Last: Feb 19, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to HSY. HSY was compared to 61 industry peers in the Food Products industry. While HSY has a great profitability rating, there are some minor concerns on its financial health. HSY is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • HSY had positive earnings in the past year.
  • HSY had a positive operating cash flow in the past year.
  • HSY had positive earnings in each of the past 5 years.
  • HSY had a positive operating cash flow in 4 of the past 5 years.
HSY.DE Yearly Net Income VS EBIT VS OCF VS FCFHSY.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

1.2 Ratios

  • HSY's Return On Assets of 10.01% is amongst the best of the industry. HSY outperforms 91.80% of its industry peers.
  • The Return On Equity of HSY (29.79%) is better than 96.72% of its industry peers.
  • HSY has a Return On Invested Capital of 15.26%. This is amongst the best in the industry. HSY outperforms 95.08% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HSY is significantly above the industry average of 6.69%.
Industry RankSector Rank
ROA 10.01%
ROE 29.79%
ROIC 15.26%
ROA(3y)13.08%
ROA(5y)13.69%
ROE(3y)37.19%
ROE(5y)43%
ROIC(3y)18.51%
ROIC(5y)19.28%
HSY.DE Yearly ROA, ROE, ROICHSY.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • HSY's Profit Margin of 11.84% is amongst the best of the industry. HSY outperforms 91.80% of its industry peers.
  • In the last couple of years the Profit Margin of HSY has declined.
  • HSY has a better Operating Margin (17.27%) than 96.72% of its industry peers.
  • HSY's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 37.74%, HSY is in line with its industry, outperforming 55.74% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HSY has declined.
Industry RankSector Rank
OM 17.27%
PM (TTM) 11.84%
GM 37.74%
OM growth 3Y-16.84%
OM growth 5Y-10.98%
PM growth 3Y-21.78%
PM growth 5Y-13.6%
GM growth 3Y-8.07%
GM growth 5Y-5.89%
HSY.DE Yearly Profit, Operating, Gross MarginsHSY.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HSY is creating value.
  • HSY has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HSY has less shares outstanding
  • HSY has a better debt/assets ratio than last year.
HSY.DE Yearly Shares OutstandingHSY.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
HSY.DE Yearly Total Debt VS Total AssetsHSY.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 4.96 indicates that HSY is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.96, HSY belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
  • The Debt to FCF ratio of HSY is 3.05, which is a good value as it means it would take HSY, 3.05 years of fcf income to pay off all of its debts.
  • HSY has a Debt to FCF ratio of 3.05. This is amongst the best in the industry. HSY outperforms 85.25% of its industry peers.
  • A Debt/Equity ratio of 1.07 is on the high side and indicates that HSY has dependencies on debt financing.
  • HSY has a worse Debt to Equity ratio (1.07) than 77.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 3.05
Altman-Z 4.96
ROIC/WACC1.89
WACC8.09%
HSY.DE Yearly LT Debt VS Equity VS FCFHSY.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • HSY has a Current Ratio of 1.36. This is a normal value and indicates that HSY is financially healthy and should not expect problems in meeting its short term obligations.
  • HSY has a Current ratio (1.36) which is comparable to the rest of the industry.
  • HSY has a Quick Ratio of 1.36. This is a bad value and indicates that HSY is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HSY has a Quick ratio (0.83) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.36
Quick Ratio 0.83
HSY.DE Yearly Current Assets VS Current LiabilitesHSY.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for HSY have decreased strongly by -32.66% in the last year.
  • HSY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.06% yearly.
  • HSY shows a small growth in Revenue. In the last year, the Revenue has grown by 4.38%.
  • The Revenue has been growing slightly by 7.49% on average over the past years.
EPS 1Y (TTM)-32.66%
EPS 3Y-9.52%
EPS 5Y0.06%
EPS Q2Q%-36.43%
Revenue 1Y (TTM)4.38%
Revenue growth 3Y3.92%
Revenue growth 5Y7.49%
Sales Q2Q%7.05%

3.2 Future

  • HSY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.05% yearly.
  • Based on estimates for the next years, HSY will show a small growth in Revenue. The Revenue will grow by 3.58% on average per year.
EPS Next Y14.4%
EPS Next 2Y15.84%
EPS Next 3Y12.12%
EPS Next 5Y14.05%
Revenue Next Year3.68%
Revenue Next 2Y3.27%
Revenue Next 3Y3.13%
Revenue Next 5Y3.58%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HSY.DE Yearly Revenue VS EstimatesHSY.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B
HSY.DE Yearly EPS VS EstimatesHSY.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 34.84 indicates a quite expensive valuation of HSY.
  • Compared to the rest of the industry, the Price/Earnings ratio of HSY indicates a slightly more expensive valuation: HSY is more expensive than 65.57% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of HSY to the average of the S&P500 Index (27.09), we can say HSY is valued slightly more expensively.
  • A Price/Forward Earnings ratio of 30.46 indicates a quite expensive valuation of HSY.
  • HSY's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. HSY is more expensive than 72.13% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of HSY to the average of the S&P500 Index (27.98), we can say HSY is valued inline with the index average.
Industry RankSector Rank
PE 34.84
Fwd PE 30.46
HSY.DE Price Earnings VS Forward Price EarningsHSY.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 72.13% of the companies in the same industry are cheaper than HSY, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as HSY.
Industry RankSector Rank
P/FCF 25.22
EV/EBITDA 19.61
HSY.DE Per share dataHSY.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • HSY has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as HSY's earnings are expected to grow with 12.12% in the coming years.
PEG (NY)2.42
PEG (5Y)548.52
EPS Next 2Y15.84%
EPS Next 3Y12.12%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • HSY has a Yearly Dividend Yield of 2.57%.
  • Compared to an average industry Dividend Yield of 2.02, HSY pays a bit more dividend than its industry peers.
  • HSY's Dividend Yield is a higher than the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 2.57%

5.2 History

  • The dividend of HSY is nicely growing with an annual growth rate of 12.83%!
Dividend Growth(5Y)12.83%
Div Incr Years1
Div Non Decr Years1
HSY.DE Yearly Dividends per shareHSY.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 79.75% of the earnings are spent on dividend by HSY. This is not a sustainable payout ratio.
  • HSY's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP79.75%
EPS Next 2Y15.84%
EPS Next 3Y12.12%
HSY.DE Yearly Income VS Free CF VS DividendHSY.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
HSY.DE Dividend Payout.HSY.DE Dividend Payout, showing the Payout Ratio.HSY.DE Dividend Payout.PayoutRetained Earnings

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HERSHEY CO/THE

FRA:HSY (2/19/2026, 7:00:00 PM)

187.08

+0.96 (+0.52%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners89.13%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap37.94B
Revenue(TTM)11.69B
Net Income(TTM)1.36B
Analysts67.59
Price Target168.32 (-10.03%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.57%
Yearly Dividend4.5
Dividend Growth(5Y)12.83%
DP79.75%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.61%
Min EPS beat(2)20.39%
Max EPS beat(2)20.83%
EPS beat(4)4
Avg EPS beat(4)14.92%
Min EPS beat(4)6.26%
Max EPS beat(4)20.83%
EPS beat(8)6
Avg EPS beat(8)6.32%
EPS beat(12)10
Avg EPS beat(12)6.89%
EPS beat(16)14
Avg EPS beat(16)7.08%
Revenue beat(2)2
Avg Revenue beat(2)1.9%
Min Revenue beat(2)1.19%
Max Revenue beat(2)2.62%
Revenue beat(4)3
Avg Revenue beat(4)0.97%
Min Revenue beat(4)-0.59%
Max Revenue beat(4)2.62%
Revenue beat(8)4
Avg Revenue beat(8)-1.28%
Revenue beat(12)7
Avg Revenue beat(12)-0.53%
Revenue beat(16)11
Avg Revenue beat(16)1.12%
PT rev (1m)0.8%
PT rev (3m)14.62%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)1.1%
EPS NY rev (3m)7.25%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)1.96%
Valuation
Industry RankSector Rank
PE 34.84
Fwd PE 30.46
P/S 3.88
P/FCF 25.22
P/OCF 19.45
P/B 9.77
P/tB N/A
EV/EBITDA 19.61
EPS(TTM)5.37
EY2.87%
EPS(NY)6.14
Fwd EY3.28%
FCF(TTM)7.42
FCFY3.96%
OCF(TTM)9.62
OCFY5.14%
SpS48.2
BVpS19.15
TBVpS-1.62
PEG (NY)2.42
PEG (5Y)548.52
Graham Number48.1
Profitability
Industry RankSector Rank
ROA 10.01%
ROE 29.79%
ROCE 19.16%
ROIC 15.26%
ROICexc 17.14%
ROICexgc 36.2%
OM 17.27%
PM (TTM) 11.84%
GM 37.74%
FCFM 15.39%
ROA(3y)13.08%
ROA(5y)13.69%
ROE(3y)37.19%
ROE(5y)43%
ROIC(3y)18.51%
ROIC(5y)19.28%
ROICexc(3y)19.75%
ROICexc(5y)20.42%
ROICexgc(3y)41.99%
ROICexgc(5y)46.66%
ROCE(3y)24.96%
ROCE(5y)26.07%
ROICexgc growth 3Y-24.55%
ROICexgc growth 5Y-13.81%
ROICexc growth 3Y-20.09%
ROICexc growth 5Y-13.17%
OM growth 3Y-16.84%
OM growth 5Y-10.98%
PM growth 3Y-21.78%
PM growth 5Y-13.6%
GM growth 3Y-8.07%
GM growth 5Y-5.89%
F-Score4
Asset Turnover0.85
Health
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 3.05
Debt/EBITDA 1.97
Cap/Depr 105.99%
Cap/Sales 4.57%
Interest Coverage 9.57
Cash Conversion 92.48%
Profit Quality 130%
Current Ratio 1.36
Quick Ratio 0.83
Altman-Z 4.96
F-Score4
WACC8.09%
ROIC/WACC1.89
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.66%
EPS 3Y-9.52%
EPS 5Y0.06%
EPS Q2Q%-36.43%
EPS Next Y14.4%
EPS Next 2Y15.84%
EPS Next 3Y12.12%
EPS Next 5Y14.05%
Revenue 1Y (TTM)4.38%
Revenue growth 3Y3.92%
Revenue growth 5Y7.49%
Sales Q2Q%7.05%
Revenue Next Year3.68%
Revenue Next 2Y3.27%
Revenue Next 3Y3.13%
Revenue Next 5Y3.58%
EBIT growth 1Y-21.53%
EBIT growth 3Y-13.58%
EBIT growth 5Y-4.32%
EBIT Next Year45.3%
EBIT Next 3Y18.13%
EBIT Next 5Y15.77%
FCF growth 1Y6.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-2.35%
OCF growth 3YN/A
OCF growth 5YN/A

HERSHEY CO/THE / HSY.DE FAQ

What is the fundamental rating for HSY stock?

ChartMill assigns a fundamental rating of 5 / 10 to HSY.DE.


Can you provide the valuation status for HERSHEY CO/THE?

ChartMill assigns a valuation rating of 2 / 10 to HERSHEY CO/THE (HSY.DE). This can be considered as Overvalued.


What is the profitability of HSY stock?

HERSHEY CO/THE (HSY.DE) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for HSY stock?

The Price/Earnings (PE) ratio for HERSHEY CO/THE (HSY.DE) is 34.84 and the Price/Book (PB) ratio is 9.77.


Can you provide the expected EPS growth for HSY stock?

The Earnings per Share (EPS) of HERSHEY CO/THE (HSY.DE) is expected to grow by 14.4% in the next year.