(HSY) Hershey - Overview
Sector: Consumer Defensive | Industry: Confectioners | Exchange: NYSE (USA) | Market Cap: 39.108m USD | Total Return: 30.4% in 12m
Avg Turnover: 329M
EPS Trend: -89.5%
Qual. Beats: 0
Rev. Trend: 64.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Hershey Company (HSY) is a global manufacturer and distributor of confectionery products, salty snacks, and pantry items. Its operations are divided into three primary segments: North America Confectionery, North America Salty Snacks, and International. The company manages an extensive portfolio of established brands, including Reese’s, Kit Kat, and SkinnyPop, which it distributes through wholesale, retail, and mass merchandising channels across approximately 65 countries.
Hershey operates within the consumer staples sector, a category characterized by relatively inelastic demand and high brand loyalty. To mitigate the volatility of raw material costs like cocoa and sugar, the business model relies on significant scale and a diverse supply chain. Investors can explore detailed valuation metrics and historical performance data for HSY on ValueRay.
Founded in 1894 and headquartered in Pennsylvania, the company has expanded beyond its traditional chocolate roots into the fast-growing savory snack market. This diversification strategy aims to capture a larger share of the better-for-you snacking segment through acquisitions like Dot’s Homestyle Pretzels and Pirate’s Booty.
- Unprecedented cocoa price volatility pressures gross margins and net income
- Salty snacks portfolio expansion diversifies revenue beyond traditional chocolate
- High interest rates and inflation dampen consumer discretionary spending on snacks
- Dominant North American market share sustains pricing power amid rising input costs
- Supply chain modernization initiatives target long-term operational efficiency and savings
| Net Income: 1.09b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 2.63 > 1.0 |
| NWC/Revenue: 6.08% < 20% (prev 16.62%; Δ -10.55% < -1%) |
| CFO/TA 0.17 > 3% & CFO 2.35b > Net Income 1.09b |
| Net Debt (4.88b) to EBITDA (2.21b): 2.21 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (204.3m) vs 12m ago 0.56% < -2% |
| Gross Margin: 34.76% > 18% (prev 0.42%; Δ 3.43k% > 0.5%) |
| Asset Turnover: 86.24% > 50% (prev 77.00%; Δ 9.24% > 0%) |
| Interest Coverage Ratio: 8.17 > 6 (EBITDA TTM 2.21b / Interest Expense TTM 206.6m) |
| A: 0.05 (Total Current Assets 3.77b - Total Current Liabilities 3.04b) / Total Assets 13.8b |
| B: 0.41 (Retained Earnings 5.64b / Total Assets 13.8b) |
| C: 0.12 (EBIT TTM 1.69b / Avg Total Assets 13.9b) |
| D: 0.62 (Book Value of Equity 5.64b / Total Liabilities 9.11b) |
| Altman-Z'' = 3.14 = A |
| DSRI: 0.99 (Receivables 974.6m/879.6m, Revenue 12.0b/10.8b) |
| GMI: 1.22 (GM 34.76% / 42.48%) |
| AQI: 1.24 (AQ_t 0.48 / AQ_t-1 0.38) |
| SGI: 1.11 (Revenue 12.0b / 10.8b) |
| TATA: -0.09 (NI 1.09b - CFO 2.35b) / TA 13.8b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 190.39 with a total of 1,569,305 shares traded.
Over the past week, the price has changed by +4.17%,
over one month by +4.04%,
over three months by -13.18% and
over the past year by +30.39%.
Hershey has received a consensus analysts rating of 3.04. Therefore, it is recommended to hold HSY.
- StrongBuy: 3
- Buy: 1
- Hold: 17
- Sell: 2
- StrongSell: 2
| Analysts Target Price | 217.4 | 14.2% |
P/E Forward = 22.5734
P/S = 3.2614
P/B = 7.9675
P/EG = 1.0752
Revenue TTM = 12.0b USD
EBIT TTM = 1.69b USD
EBITDA TTM = 2.21b USD
Long Term Debt = 4.61b USD (from longTermDebt, last quarter)
Short Term Debt = 673.5m USD (from shortTermDebt, last quarter)
Debt = 5.76b USD (from shortLongTermDebtTotal, last quarter) + Leases 399.4m
Net Debt = 4.88b USD (calculated: Debt 5.76b - CCE 877.0m)
Enterprise Value = 44.0b USD (39.1b + Debt 5.76b - CCE 877.0m)
Interest Coverage Ratio = 8.17 (Ebit TTM 1.69b / Interest Expense TTM 206.6m)
EV/FCF = 20.28x (Enterprise Value 44.0b / FCF TTM 2.17b)
FCF Yield = 4.93% (FCF TTM 2.17b / Enterprise Value 44.0b)
FCF Margin = 18.09% (FCF TTM 2.17b / Revenue TTM 12.0b)
Net Margin = 9.12% (Net Income TTM 1.09b / Revenue TTM 12.0b)
Gross Margin = 34.76% ((Revenue TTM 12.0b - Cost of Revenue TTM 7.82b) / Revenue TTM)
Gross Margin QoQ = 39.39% (prev 37.04%)
Tobins Q-Ratio = 3.18 (Enterprise Value 44.0b / Total Assets 13.8b)
Interest Expense / Debt = 3.59% (Interest Expense 206.6m / Debt 5.76b)
Taxrate = 26.59% (157.6m / 592.7m)
NOPAT = 1.24b (EBIT 1.69b * (1 - 26.59%))
Current Ratio = 1.24 (Total Current Assets 3.77b / Total Current Liabilities 3.04b)
Debt / Equity = 1.22 (Debt 5.76b / totalStockholderEquity, last quarter 4.73b)
Debt / EBITDA = 2.21 (Net Debt 4.88b / EBITDA 2.21b)
Debt / FCF = 2.25 (Net Debt 4.88b / FCF TTM 2.17b)
Total Stockholder Equity = 4.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.87% (Net Income 1.09b / Total Assets 13.8b)
RoE = 23.72% (Net Income TTM 1.09b / Total Stockholder Equity 4.61b)
RoCE = 18.30% (EBIT 1.69b / Capital Employed (Equity 4.61b + L.T.Debt 4.61b))
RoIC = 10.80% (NOPAT 1.24b / Invested Capital 11.5b)
WACC = 5.32% (E(39.1b)/V(44.9b) * Re(5.72%) + D(5.76b)/V(44.9b) * Rd(3.59%) * (1-Tc(0.27)))
Discount Rate = 5.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 6.67 | Cagr: -0.23%
[DCF] Terminal Value 77.97% ; FCFF base≈2.03b ; Y1≈2.33b ; Y5≈3.42b
[DCF] Fair Price = 314.7 (EV 51.5b - Net Debt 4.88b = Equity 46.6b / Shares 148.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -89.47 | EPS CAGR: -18.00% | SUE: 0.35 | # QB: 0
Revenue Correlation: 64.53 | Revenue CAGR: 2.26% | SUE: 0.63 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.44 | Chg30d=-11.62% | Revisions=-70% | Analysts=18
EPS next Quarter (2026-09-30): EPS=2.29 | Chg30d=-3.31% | Revisions=-40% | Analysts=18
EPS current Year (2026-12-31): EPS=8.42 | Chg30d=+0.36% | Revisions=+47% | GrowthEPS=+33.5% | GrowthRev=+4.8%
EPS next Year (2027-12-31): EPS=9.90 | Chg30d=+0.34% | Revisions=+47% | GrowthEPS=+17.5% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: -70%