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

FRA:HSY • US4278661081

198.08 EUR
+5.32 (+2.76%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall HSY gets a fundamental rating of 5 out of 10. We evaluated HSY against 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 quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year HSY was profitable.
  • HSY had a positive operating cash flow in the past year.
  • HSY had positive earnings in each of the past 5 years.
  • Each year in the past 5 years HSY 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's Return On Assets of 6.43% is fine compared to the rest of the industry. HSY outperforms 78.69% of its industry peers.
  • HSY has a better Return On Equity (19.05%) than 85.25% of its industry peers.
  • HSY has a Return On Invested Capital of 11.14%. This is amongst the best in the industry. HSY outperforms 93.44% 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 6.64%.
  • The 3 year average ROIC (18.61%) for HSY is well above the current ROIC(11.14%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 6.43%
ROE 19.05%
ROIC 11.14%
ROA(3y)13.08%
ROA(5y)13.69%
ROE(3y)37.19%
ROE(5y)43%
ROIC(3y)18.61%
ROIC(5y)19.34%
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

  • With an excellent Profit Margin value of 7.55%, HSY belongs to the best of the industry, outperforming 80.33% of the companies in the same industry.
  • HSY's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 12.84%, HSY is doing good in the industry, outperforming 78.69% of the companies in the same industry.
  • HSY's Operating Margin has declined in the last couple of years.
  • HSY has a Gross Margin of 33.55%. This is comparable to the rest of the industry: HSY outperforms 50.82% of its industry peers.
  • HSY's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 12.84%
PM (TTM) 7.55%
GM 33.55%
OM growth 3Y-16.11%
OM growth 5Y-10.52%
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

5

2. Health

2.1 Basic Checks

  • HSY has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, HSY has more 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 4.95 indicates that HSY is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of HSY (4.95) is better than 91.80% of its industry peers.
  • HSY has a debt to FCF ratio of 3.09. This is a good value and a sign of high solvency as HSY would need 3.09 years to pay back of all of its debts.
  • The Debt to FCF ratio of HSY (3.09) is better than 86.89% of its industry peers.
  • A Debt/Equity ratio of 1.06 is on the high side and indicates that HSY has dependencies on debt financing.
  • HSY has a Debt to Equity ratio of 1.06. This is in the lower half of the industry: HSY underperforms 73.77% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF 3.09
Altman-Z 4.95
ROIC/WACC1.4
WACC7.96%
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 1.19 indicates that HSY should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.19, HSY is in line with its industry, outperforming 45.90% of the companies in the same industry.
  • A Quick Ratio of 0.72 indicates that HSY may have some problems paying its short term obligations.
  • The Quick ratio of HSY (0.72) is worse than 63.93% of its industry peers.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 0.72
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

  • HSY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.66%.
  • HSY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.06% yearly.
  • The Revenue has been growing slightly by 4.38% in the past year.
  • 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

  • The Earnings Per Share is expected to grow by 14.05% on average over the next years. This is quite good.
  • HSY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y14.4%
EPS Next 2Y15.84%
EPS Next 3Y12.12%
EPS Next 5Y14.05%
Revenue Next Year5.67%
Revenue Next 2Y3.99%
Revenue Next 3Y3.59%
Revenue Next 5Y3.58%

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

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2

4. Valuation

4.1 Price/Earnings Ratio

  • HSY is valuated quite expensively with a Price/Earnings ratio of 37.02.
  • Based on the Price/Earnings ratio, HSY is valued a bit more expensive than the industry average as 63.93% of the companies are valued more cheaply.
  • HSY is valuated rather expensively when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 32.39 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 70.49% of the companies in the same industry.
  • HSY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.05, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 37.02
Fwd PE 32.39
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

  • Based on the Enterprise Value to EBITDA ratio, HSY is valued a bit more expensive than the industry average as 72.13% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as HSY.
Industry RankSector Rank
P/FCF 27.11
EV/EBITDA 25.78
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 HSY does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of HSY 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)2.57
PEG (5Y)582.95
EPS Next 2Y15.84%
EPS Next 3Y12.12%

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

4

5. Dividend

5.1 Amount

  • HSY has a Yearly Dividend Yield of 2.51%.
  • HSY's Dividend Yield is a higher than the industry average which is at 2.47.
  • HSY's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.51%

5.2 History

  • On average, the dividend of HSY grows each year by 11.76%, which is quite nice.
Dividend Growth(5Y)11.76%
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

  • 122.87% of the earnings are spent on dividend by HSY. This is not a sustainable payout ratio.
  • The dividend of HSY is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP122.87%
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 (2/27/2026, 7:00:00 PM)

198.08

+5.32 (+2.76%)

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 Cap40.17B
Revenue(TTM)11.69B
Net Income(TTM)883.26M
Analysts67.59
Price Target195.22 (-1.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.51%
Yearly Dividend4.54
Dividend Growth(5Y)11.76%
DP122.87%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.5%
Min EPS beat(2)20.39%
Max EPS beat(2)20.62%
EPS beat(4)4
Avg EPS beat(4)17.02%
Min EPS beat(4)6.26%
Max EPS beat(4)20.83%
EPS beat(8)6
Avg EPS beat(8)8.59%
EPS beat(12)10
Avg EPS beat(12)7.54%
EPS beat(16)14
Avg EPS beat(16)8.15%
Revenue beat(2)2
Avg Revenue beat(2)1.96%
Min Revenue beat(2)1.19%
Max Revenue beat(2)2.73%
Revenue beat(4)3
Avg Revenue beat(4)1.49%
Min Revenue beat(4)-0.59%
Max Revenue beat(4)2.73%
Revenue beat(8)5
Avg Revenue beat(8)-0.59%
Revenue beat(12)7
Avg Revenue beat(12)-0.46%
Revenue beat(16)11
Avg Revenue beat(16)0.73%
PT rev (1m)15.98%
PT rev (3m)17.96%
EPS NQ rev (1m)11.93%
EPS NQ rev (3m)13%
EPS NY rev (1m)1.1%
EPS NY rev (3m)4.57%
Revenue NQ rev (1m)1.73%
Revenue NQ rev (3m)1.9%
Revenue NY rev (1m)2.09%
Revenue NY rev (3m)2.17%
Valuation
Industry RankSector Rank
PE 37.02
Fwd PE 32.39
P/S 4.06
P/FCF 27.11
P/OCF 20.82
P/B 10.23
P/tB N/A
EV/EBITDA 25.78
EPS(TTM)5.35
EY2.7%
EPS(NY)6.12
Fwd EY3.09%
FCF(TTM)7.31
FCFY3.69%
OCF(TTM)9.51
OCFY4.8%
SpS48.84
BVpS19.37
TBVpS-4.96
PEG (NY)2.57
PEG (5Y)582.95
Graham Number48.29
Profitability
Industry RankSector Rank
ROA 6.43%
ROE 19.05%
ROCE 13.99%
ROIC 11.14%
ROICexc 12.17%
ROICexgc 29.05%
OM 12.84%
PM (TTM) 7.55%
GM 33.55%
FCFM 14.96%
ROA(3y)13.08%
ROA(5y)13.69%
ROE(3y)37.19%
ROE(5y)43%
ROIC(3y)18.61%
ROIC(5y)19.34%
ROICexc(3y)19.85%
ROICexc(5y)20.49%
ROICexgc(3y)42.97%
ROICexgc(5y)47.25%
ROCE(3y)25.08%
ROCE(5y)26.14%
ROICexgc growth 3Y-21.82%
ROICexgc growth 5Y-11.95%
ROICexc growth 3Y-19.39%
ROICexc growth 5Y-12.71%
OM growth 3Y-16.11%
OM growth 5Y-10.52%
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 1.06
Debt/FCF 3.09
Debt/EBITDA 2.44
Cap/Depr 104.87%
Cap/Sales 4.52%
Interest Coverage 7.66
Cash Conversion 113.61%
Profit Quality 198.03%
Current Ratio 1.19
Quick Ratio 0.72
Altman-Z 4.95
F-Score4
WACC7.96%
ROIC/WACC1.4
Cap/Depr(3y)140.55%
Cap/Depr(5y)143.23%
Cap/Sales(3y)5.61%
Cap/Sales(5y)5.47%
Profit Quality(3y)122.7%
Profit Quality(5y)117.24%
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 Year5.67%
Revenue Next 2Y3.99%
Revenue Next 3Y3.59%
Revenue Next 5Y3.58%
EBIT growth 1Y-49.96%
EBIT growth 3Y-12.82%
EBIT growth 5Y-3.82%
EBIT Next Year62.91%
EBIT Next 3Y25.58%
EBIT Next 5Y15.73%
FCF growth 1Y-9.17%
FCF growth 3Y-1.1%
FCF growth 5Y7.01%
OCF growth 1Y-10.04%
OCF growth 3Y-0.73%
OCF growth 5Y6.17%

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 37.02 and the Price/Book (PB) ratio is 10.23.


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.