Overview Dividends

(HSY) Hershey - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US4278661081

Chocolate, Candy, Snacks, Gum, Pantry

HSY EPS (Earnings per Share)

EPS Growth (3Y CAGR): -19.14%
EPS Trend (3Y Correlation): -48.9%

HSY Revenue

Revenue Growth (3Y CAGR): -1.53%
Revenue Trend (3Y Correlation): -2.4%

Description: HSY Hershey September 29, 2025

The Hershey Company (HSY) manufactures and sells a broad portfolio of confectionery and pantry products across three operating segments-North America Confectionery, North America Salty Snacks, and International-serving wholesale distributors, grocery chains, mass merchandisers, drug stores, vending firms, clubs, convenience outlets, dollar stores, concessionaires, and department stores.

Its brand lineup includes core chocolate names such as Hershey’s, Reese’s, Kisses, and Kit Kat, as well as non-chocolate and snack offerings like Twizzlers, SkinnyPop, ONE Bar, and Pirates Booty, giving the company exposure to both traditional confectionery and the fast-growing “better-for-you” snacking segment.

Hershey exports to roughly 80 countries, leveraging its U.S.-centric scale while pursuing incremental growth abroad; the International segment, though smaller, has delivered double-digit revenue growth in recent years, reflecting rising demand for premium chocolate in emerging markets.

Key financial metrics (FY 2023) show net sales of $11.3 billion, an operating margin of ~15 %, earnings per share of $5.30, free cash flow of $1.4 billion, and a dividend yield near 2.6 % with a $1.5 billion share-repurchase program in place. The business is sensitive to cocoa price volatility and broader consumer-discretionary trends, but its strong brand equity and shift toward higher-margin snack and protein-bar categories provide a defensive cushion against inflationary pressure.

For a deeper quantitative assessment of HSY’s valuation relative to peers, the ValueRay platform offers a transparent, data-driven dashboard you may find useful.

HSY Stock Overview

Market Cap in USD	38,949m
Sub-Industry	Packaged Foods & Meats
IPO / Inception	1985-07-01

HSY Stock Ratings

Growth Rating	7.33%
Fundamental	59.1%
Dividend Rating	74.2%
Return 12m vs S&P 500	-14.1%
Analyst Rating	3.04 of 5

HSY Dividends

Dividend Yield 12m	3.05%
Yield on Cost 5y	4.27%
Annual Growth 5y	14.81%
Payout Consistency	95.8%
Payout Ratio	74.7%

HSY Growth Ratios

Growth Correlation 3m	47.2%
Growth Correlation 12m	48.8%
Growth Correlation 5y	22.5%
CAGR 5y	-6.92%
CAGR/Max DD 3y (Calmar Ratio)	-0.15
CAGR/Mean DD 3y (Pain Ratio)	-0.29
Sharpe Ratio 12m	0.52
Alpha	-6.50
Beta	0.249
Volatility	24.38%
Current Volume	1216.3k
Average Volume 20d	1273.9k
Stop Loss	173.9 (-3.1%)
Signal	-0.69

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (1.53b TTM) > 0 and > 6% of Revenue (6% = 677.7m TTM)

FCFTA 0.12 (>2.0%) and ΔFCFTA 0.42pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 13.57% (prev -4.99%; Δ 18.56pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.16 (>3.0%) and CFO 2.15b > Net Income 1.53b (YES >=105%, WARN >=100%)

Net Debt (5.09b) to EBITDA (2.39b) ratio: 2.13 <= 3.0 (WARN <= 3.5)

Current Ratio 1.53 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (203.2m) change vs 12m ago 0.09% (target <= -2.0% for YES)

Gross Margin 40.12% (prev 45.33%; Δ -5.21pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 86.68% (prev 88.71%; Δ -2.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 9.74 (EBITDA TTM 2.39b / Interest Expense TTM 196.3m) >= 6 (WARN >= 3)

Altman Z'' 3.64

(A) 0.11 = (Total Current Assets 4.43b - Total Current Liabilities 2.89b) / Total Assets 13.65b

(B) 0.40 = Retained Earnings (Balance) 5.44b / Total Assets 13.65b

(D) 0.59 = Book Value of Equity 5.39b / Total Liabilities 9.13b

Total Rating: 3.64 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 59.06

1. Piotroski 5.0pt = 0.0

2. FCF Yield 3.59% = 1.79

3. FCF Margin 13.98% = 3.49

4. Debt/Equity 1.33 = 1.68

5. Debt/Ebitda 2.13 = -0.25

6. ROIC - WACC (= 1.98)% = 2.47

7. RoE 33.77% = 2.50

8. Rev. Trend -2.44% = -0.18

9. EPS Trend -48.87% = -2.44

What is the price of HSY shares?

As of October 26, 2025, the stock is trading at USD 179.38 with a total of 1,216,286 shares traded.
Over the past week, the price has changed by -4.45%, over one month by -6.03%, over three months by -1.71% and over the past year by +1.72%.

Is Hershey a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Hershey is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 59.06 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HSY is around 168.48 USD . This means that HSY is currently overvalued and has a potential downside of -6.08%.

Is HSY a buy, sell or hold?

Hershey has received a consensus analysts rating of 3.04. Therefor, it is recommend to hold HSY.

Strong Buy: 3
Buy: 1
Hold: 17
Sell: 2
Strong Sell: 2

What are the forecasts/targets for the HSY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	190.6	6.2%
Analysts Target Price	190.6	6.2%
ValueRay Target Price	183.8	2.4%

HSY Fundamental Data Overview October 13, 2025

Market Cap USD = 38.95b (38.95b USD * 1.0 USD.USD)
P/E Trailing = 25.5153
P/E Forward = 29.1545
P/S = 3.4483
P/B = 8.4877
P/EG = 48.5713
Beta = 0.249
Revenue TTM = 11.30b USD
EBIT TTM = 1.91b USD
EBITDA TTM = 2.39b USD
Long Term Debt = 5.18b USD (from longTermDebt, last quarter)
Short Term Debt = 514.5m USD (from shortTermDebt, last quarter)
Debt = 6.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.09b USD (from netDebt column, last quarter)
Enterprise Value = 44.04b USD (38.95b + Debt 6.00b - CCE 912.3m)
Interest Coverage Ratio = 9.74 (Ebit TTM 1.91b / Interest Expense TTM 196.3m)
FCF Yield = 3.59% (FCF TTM 1.58b / Enterprise Value 44.04b)
FCF Margin = 13.98% (FCF TTM 1.58b / Revenue TTM 11.30b)
Net Margin = 13.54% (Net Income TTM 1.53b / Revenue TTM 11.30b)
Gross Margin = 40.12% ((Revenue TTM 11.30b - Cost of Revenue TTM 6.76b) / Revenue TTM)
Gross Margin QoQ = 30.45% (prev 33.66%)
Tobins Q-Ratio = 3.23 (Enterprise Value 44.04b / Total Assets 13.65b)
Interest Expense / Debt = 0.95% (Interest Expense 57.3m / Debt 6.00b)
Taxrate = 57.94% (86.4m / 149.1m)
NOPAT = 803.7m (EBIT 1.91b * (1 - 57.94%))
Current Ratio = 1.53 (Total Current Assets 4.43b / Total Current Liabilities 2.89b)
Debt / Equity = 1.33 (Debt 6.00b / totalStockholderEquity, last quarter 4.51b)
Debt / EBITDA = 2.13 (Net Debt 5.09b / EBITDA 2.39b)
Debt / FCF = 3.22 (Net Debt 5.09b / FCF TTM 1.58b)
Total Stockholder Equity = 4.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.21% (Net Income 1.53b / Total Assets 13.65b)
RoE = 33.77% (Net Income TTM 1.53b / Total Stockholder Equity 4.53b)
RoCE = 19.69% (EBIT 1.91b / Capital Employed (Equity 4.53b + L.T.Debt 5.18b))
RoIC = 8.04% (NOPAT 803.7m / Invested Capital 10.00b)
WACC = 6.06% (E(38.95b)/V(44.95b) * Re(6.93%) + D(6.00b)/V(44.95b) * Rd(0.95%) * (1-Tc(0.58)))
Discount Rate = 6.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.53%
[DCF Debug] Terminal Value 79.25% ; FCFE base≈1.50b ; Y1≈1.61b ; Y5≈1.95b
Fair Price DCF = 230.4 (DCF Value 34.12b / Shares Outstanding 148.1m; 5y FCF grow 7.85% → 3.0% )
EPS Correlation: -48.87 | EPS CAGR: -19.14% | SUE: 0.52 | # QB: 0
Revenue Correlation: -2.44 | Revenue CAGR: -1.53% | SUE: 0.80 | # QB: 0

Additional Sources for HSY Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle