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

FRA:HSY • US4278661081

194.24 EUR
+1.24 (+0.64%)
Last: Feb 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, HSY scores 5 out of 10 in our fundamental rating. HSY was compared to 62 industry peers in the Food Products industry. HSY scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, HSY is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • HSY had positive earnings in the past year.
  • In the past year HSY had a positive cash flow from operations.
  • In the past 5 years HSY has always been profitable.
  • Of the past 5 years HSY 4 years had a positive operating cash flow.
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 has a Return On Assets of 10.01%. This is amongst the best in the industry. HSY outperforms 93.55% of its industry peers.
  • Looking at the Return On Equity, with a value of 29.79%, HSY belongs to the top of the industry, outperforming 95.16% of the companies in the same industry.
  • HSY has a better Return On Invested Capital (15.26%) than 96.77% 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 has a better Profit Margin (11.84%) than 91.94% of its industry peers.
  • In the last couple of years the Profit Margin of HSY has declined.
  • With an excellent Operating Margin value of 17.27%, HSY belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
  • 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 56.45% 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.
  • Compared to 1 year ago, HSY has about the same amount of shares outstanding.
  • The number of shares outstanding for HSY has been reduced compared to 5 years ago.
  • Compared to 1 year ago, HSY has an improved debt to assets ratio.
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 5.11 indicates that HSY is not in any danger for bankruptcy at the moment.
  • HSY has a Altman-Z score of 5.11. This is amongst the best in the industry. HSY outperforms 90.32% of its industry peers.
  • 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.
  • With an excellent Debt to FCF ratio value of 3.05, HSY belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
  • A Debt/Equity ratio of 1.07 is on the high side and indicates that HSY has dependencies on debt financing.
  • HSY has a Debt to Equity ratio of 1.07. This is in the lower half of the industry: HSY underperforms 74.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 3.05
Altman-Z 5.11
ROIC/WACC1.86
WACC8.19%
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

  • A Current Ratio of 1.36 indicates that HSY should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.36, HSY is in line with its industry, outperforming 58.06% of the companies in the same industry.
  • A Quick Ratio of 0.83 indicates that HSY may have some problems paying its short term obligations.
  • The Quick ratio of HSY (0.83) is comparable to the rest of the industry.
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%.
  • HSY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.49% yearly.
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

  • The Earnings Per Share is expected to grow by 12.82% on average over the next years. This is quite good.
  • Based on estimates for the next years, HSY will show a small growth in Revenue. The Revenue will grow by 3.61% on average per year.
EPS Next Y14.4%
EPS Next 2Y15.84%
EPS Next 3Y12.12%
EPS Next 5Y12.82%
Revenue Next Year3.68%
Revenue Next 2Y3.27%
Revenue Next 3Y3.13%
Revenue Next 5Y3.61%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 36.65 indicates a quite expensive valuation of HSY.
  • 64.52% of the companies in the same industry are cheaper than HSY, based on the Price/Earnings ratio.
  • HSY's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.67.
  • A Price/Forward Earnings ratio of 32.02 indicates a quite expensive valuation of HSY.
  • 70.97% of the companies in the same industry are cheaper than HSY, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.69. HSY is around the same levels.
Industry RankSector Rank
PE 36.65
Fwd PE 32.02
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 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HSY indicates a slightly more expensive valuation: HSY is more expensive than 72.58% of the companies listed in the same industry.
  • HSY's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 26.52
EV/EBITDA 20.53
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.
  • The decent profitability rating of HSY may justify a higher PE ratio.
  • HSY's earnings are expected to grow with 12.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.54
PEG (5Y)577.04
EPS Next 2Y15.84%
EPS Next 3Y12.12%

More info and screens

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

4

5. Dividend

5.1 Amount

  • HSY has a Yearly Dividend Yield of 2.59%.
  • HSY's Dividend Yield is comparable with the industry average which is at 3.02.
  • HSY's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.59%

5.2 History

  • On average, the dividend of HSY grows each year by 12.83%, which is quite nice.
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.
  • The dividend of HSY is growing, but the earnings are growing slower. This means the dividend growth is not 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

More info and screens

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HERSHEY CO/THE

FRA:HSY (2/11/2026, 7:00:00 PM)

194.24

+1.24 (+0.64%)

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 Cap39.39B
Revenue(TTM)11.69B
Net Income(TTM)1.36B
Analysts66.21
Price Target168.32 (-13.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.59%
Yearly Dividend4.52
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)0.84%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)2.27%
EPS NY rev (3m)7.25%
Revenue NQ rev (1m)0.33%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)1.96%
Valuation
Industry RankSector Rank
PE 36.65
Fwd PE 32.02
P/S 4.08
P/FCF 26.52
P/OCF 20.45
P/B 10.27
P/tB N/A
EV/EBITDA 20.53
EPS(TTM)5.3
EY2.73%
EPS(NY)6.07
Fwd EY3.12%
FCF(TTM)7.33
FCFY3.77%
OCF(TTM)9.5
OCFY4.89%
SpS47.61
BVpS18.91
TBVpS-1.6
PEG (NY)2.54
PEG (5Y)577.04
Graham Number47.49
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 5.11
F-Score4
WACC8.19%
ROIC/WACC1.86
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 5Y12.82%
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 5Y3.61%
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 5Y14.5%
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 36.65 and the Price/Book (PB) ratio is 10.27.


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.