HERSHEY CO/THE (HSY) Stock Fundamental Analysis

NYSE:HSY • US4278661081

229.64 USD
-0.57 (-0.25%)
At close: Feb 25, 2026
229.4 USD
-0.24 (-0.1%)
After Hours: 2/25/2026, 8:18:45 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

HSY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 88 industry peers in the Food Products industry. HSY has an excellent profitability rating, but 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.
  • In the past year HSY had a positive cash flow from operations.
  • Each year in the past 5 years HSY has been profitable.
  • HSY had a positive operating cash flow in 4 of the past 5 years.
HSY Yearly Net Income VS EBIT VS OCF VS FCFHSY 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

  • Looking at the Return On Assets, with a value of 10.01%, HSY belongs to the top of the industry, outperforming 93.18% 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 98.86% 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 92.05% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HSY is significantly below the industry average of 28.12%.
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 Yearly ROA, ROE, ROICHSY 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 94.32% 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 95.45% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HSY has declined.
  • HSY has a better Gross Margin (37.74%) than 84.09% of 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 Yearly Profit, Operating, Gross MarginsHSY 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

  • 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 about the same amount of shares outstanding.
  • The number of shares outstanding for HSY has been reduced compared to 5 years ago.
  • The debt/assets ratio for HSY has been reduced compared to a year ago.
HSY Yearly Shares OutstandingHSY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
HSY Yearly Total Debt VS Total AssetsHSY 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 5.10 indicates that HSY is not in any danger for bankruptcy at the moment.
  • HSY has a Altman-Z score of 5.10. This is amongst the best in the industry. HSY outperforms 89.77% 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 81.82% of the companies in the same industry.
  • HSY has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.07, HSY is doing worse than 71.59% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 3.05
Altman-Z 5.1
ROIC/WACC1.87
WACC8.15%
HSY Yearly LT Debt VS Equity VS FCFHSY 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.
  • The Current ratio of HSY (1.36) is worse than 60.23% of its industry peers.
  • 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 Yearly Current Assets VS Current LiabilitesHSY 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.
  • 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 Year5.67%
Revenue Next 2Y3.99%
Revenue Next 3Y3.59%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HSY Yearly Revenue VS EstimatesHSY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B
HSY Yearly EPS VS EstimatesHSY 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 36.39, which means the current valuation is very expensive for HSY.
  • HSY's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.05. HSY is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 31.81 indicates a quite expensive valuation of HSY.
  • HSY's Price/Forward Earnings is on the same level as the industry average.
  • HSY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.03.
Industry RankSector Rank
PE 36.39
Fwd PE 31.81
HSY Price Earnings VS Forward Price EarningsHSY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • HSY's Enterprise Value to EBITDA is on the same level as the industry average.
  • HSY's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 26.34
EV/EBITDA 20.45
HSY Per share dataHSY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

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)2.53
PEG (5Y)573.01
EPS Next 2Y15.84%
EPS Next 3Y12.12%

More info and screens

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

6

5. Dividend

5.1 Amount

  • HSY has a Yearly Dividend Yield of 2.64%. Purely for dividend investing, there may be better candidates out there.
  • HSY's Dividend Yield is a higher than the industry average which is at 2.27.
  • HSY's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.64%

5.2 History

  • On average, the dividend of HSY grows each year by 12.83%, which is quite nice.
  • HSY has paid a dividend for at least 10 years, which is a reliable track record.
  • HSY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.83%
Div Incr Years15
Div Non Decr Years34
HSY Yearly Dividends per shareHSY Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 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.
  • 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 Yearly Income VS Free CF VS DividendHSY 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 Dividend Payout.HSY Dividend Payout, showing the Payout Ratio.HSY Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

HERSHEY CO/THE

NYSE:HSY (2/25/2026, 8:18:45 PM)

After market: 229.4 -0.24 (-0.1%)

229.64

-0.57 (-0.25%)

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 Change-0.11%
Ins Owners0.19%
Ins Owner Change-0.24%
Market Cap46.57B
Revenue(TTM)11.69B
Net Income(TTM)1.36B
Analysts67.59
Price Target201.58 (-12.22%)
Short Float %6.24%
Short Ratio4.83
Dividend
Industry RankSector Rank
Dividend Yield 2.64%
Yearly Dividend5.33
Dividend Growth(5Y)12.83%
DP79.75%
Div Incr Years15
Div Non Decr Years34
Ex-Date02-17
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)2.28%
PT rev (3m)5.43%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)1.42%
EPS NY rev (1m)1.1%
EPS NY rev (3m)4.57%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)2.09%
Revenue NY rev (3m)2.17%
Valuation
Industry RankSector Rank
PE 36.39
Fwd PE 31.81
P/S 4.05
P/FCF 26.34
P/OCF 20.31
P/B 10.2
P/tB N/A
EV/EBITDA 20.45
EPS(TTM)6.31
EY2.75%
EPS(NY)7.22
Fwd EY3.14%
FCF(TTM)8.72
FCFY3.8%
OCF(TTM)11.3
OCFY4.92%
SpS56.66
BVpS22.51
TBVpS-1.9
PEG (NY)2.53
PEG (5Y)573.01
Graham Number56.53
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 5.1
F-Score4
WACC8.15%
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 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-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 FAQ

What is the fundamental rating for HSY stock?

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


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

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


What is the profitability of HSY stock?

HERSHEY CO/THE (HSY) 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) is 36.39 and the Price/Book (PB) ratio is 10.2.


Can you provide the expected EPS growth for HSY stock?

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