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

Europe • Frankfurt Stock Exchange • 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

HSY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 62 industry peers in the Food Products industry. While HSY belongs to the best of the industry regarding profitability, 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

  • With an excellent Return On Assets value of 10.01%, HSY belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
  • HSY has a better Return On Equity (29.79%) than 95.16% of its industry peers.
  • HSY's Return On Invested Capital of 15.26% is amongst the best of the industry. HSY outperforms 96.77% of its industry peers.
  • HSY had an Average Return On Invested Capital over the past 3 years of 18.51%. This 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

  • The Profit Margin of HSY (11.84%) is better than 91.94% of its industry peers.
  • In the last couple of years the Profit Margin of HSY has declined.
  • HSY's Operating Margin of 17.27% is amongst the best of the industry. HSY outperforms 96.77% of its industry peers.
  • HSY's Operating Margin has declined in the last couple of years.
  • HSY has a Gross Margin (37.74%) which is comparable to the rest of the 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.
  • 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 5.09 indicates that HSY is not in any danger for bankruptcy at the moment.
  • HSY has a better Altman-Z score (5.09) than 88.71% 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.
  • Looking at the Debt to FCF ratio, with a value of 3.05, HSY belongs to the top 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.
  • The Debt to Equity ratio of HSY (1.07) is worse than 74.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 3.05
Altman-Z 5.09
ROIC/WACC1.87
WACC8.17%
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 of 1.36. This is comparable to the rest of the industry: HSY outperforms 58.06% of its industry peers.
  • A Quick Ratio of 0.83 indicates that HSY may have some problems paying its short term obligations.
  • HSY has a Quick ratio of 0.83. This is comparable to the rest of the industry: HSY outperforms 48.39% of 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.
  • The Revenue has been growing slightly by 4.38% in the past year.
  • Measured over the past years, HSY shows a small growth in Revenue. The Revenue has been growing by 7.49% on average per year.
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.
  • HSY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.61% yearly.
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

  • 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.
  • 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 36.58.
  • HSY's Price/Earnings ratio is a bit more expensive when compared to the industry. HSY is more expensive than 62.90% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.23, HSY is valued a bit more expensive.
  • A Price/Forward Earnings ratio of 32.00 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 70.97% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. HSY is around the same levels.
Industry RankSector Rank
PE 36.58
Fwd PE 32
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 is on the same level as the industry average.
Industry RankSector Rank
P/FCF 26.5
EV/EBITDA 20.4
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.
  • 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)575.95
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

  • With a Yearly Dividend Yield of 2.59%, HSY has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.02, HSY has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.79, HSY pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.59%

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

  • HSY pays out 79.75% of its income as dividend. 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

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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 36.58
Fwd PE 32
P/S 4.08
P/FCF 26.5
P/OCF 20.44
P/B 10.26
P/tB N/A
EV/EBITDA 20.4
EPS(TTM)5.31
EY2.73%
EPS(NY)6.07
Fwd EY3.12%
FCF(TTM)7.33
FCFY3.77%
OCF(TTM)9.5
OCFY4.89%
SpS47.63
BVpS18.92
TBVpS-1.6
PEG (NY)2.54
PEG (5Y)575.95
Graham Number47.55
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 5.09
F-Score4
WACC8.17%
ROIC/WACC1.87
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 36.58 and the Price/Book (PB) ratio is 10.26.


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.