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

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 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.
  • 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 91.80% of the companies in the same industry.
  • With an excellent Return On Equity value of 29.79%, HSY belongs to the best of the industry, outperforming 96.72% of the companies in the same industry.
  • 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.
  • 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

  • HSY has a better Profit Margin (11.84%) than 91.80% of its industry peers.
  • HSY's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 17.27%, HSY belongs to the top of the industry, outperforming 96.72% of the companies in the same industry.
  • HSY's Operating Margin has declined in the last couple of years.
  • HSY has a Gross Margin (37.74%) which is in line with its industry peers.
  • HSY's Gross Margin has declined in the last couple of years.
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.
  • HSY has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for HSY has been reduced compared to a year ago.
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

  • HSY has an Altman-Z score of 5.09. This indicates that HSY is financially healthy and has little risk of bankruptcy at the moment.
  • HSY has a Altman-Z score of 5.09. This is amongst the best in the industry. HSY outperforms 93.44% of its industry peers.
  • HSY has a debt to FCF ratio of 3.05. This is a good value and a sign of high solvency as HSY would need 3.05 years to pay back of all of its debts.
  • HSY has a better Debt to FCF ratio (3.05) than 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.
  • With a Debt to Equity ratio value of 1.07, HSY is not doing good in the industry: 77.05% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 3.05
Altman-Z 5.09
ROIC/WACC1.89
WACC8.07%
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 59.02% 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 49.18% 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

  • HSY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.66%.
  • The Earnings Per Share has been growing slightly by 0.06% on average over the past years.
  • 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 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 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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 36.37, which means the current valuation is very expensive for HSY.
  • Based on the Price/Earnings ratio, HSY is valued a bit more expensive than the industry average as 65.57% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 27.27, HSY is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 31.82, the valuation of HSY can be described as expensive.
  • 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.
  • HSY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.16, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 36.37
Fwd PE 31.82
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

  • 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 72.13% 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 26.35
EV/EBITDA 20.41
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)2.53
PEG (5Y)572.72
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%.
  • HSY's Dividend Yield is a higher than the industry average which is at 2.02.
  • Compared to an average S&P500 Dividend Yield of 1.84, HSY pays a bit more dividend than the S&P500 average.
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.
  • The dividend of HSY is growing around the same rate as the earnings are growing. If this keeps up 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 (2/11/2026, 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
Analysts67.59
Price Target168.32 (-13.34%)
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 36.37
Fwd PE 31.82
P/S 4.05
P/FCF 26.35
P/OCF 20.32
P/B 10.21
P/tB N/A
EV/EBITDA 20.41
EPS(TTM)5.34
EY2.75%
EPS(NY)6.1
Fwd EY3.14%
FCF(TTM)7.37
FCFY3.79%
OCF(TTM)9.56
OCFY4.92%
SpS47.91
BVpS19.03
TBVpS-1.61
PEG (NY)2.53
PEG (5Y)572.72
Graham Number47.82
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
WACC8.07%
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 36.37 and the Price/Book (PB) ratio is 10.21.


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.