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): -14.81%
EPS Trend (3Y Correlation): -59.3%

HSY Revenue

Revenue Growth (3Y CAGR): 6.84%
Revenue Trend (3Y Correlation): 13.2%

Risk via 10d forecast
Volatility	26.7%
Value at Risk 5%th	43.3%
Relative Tail Risk	-1.59%

Reward TTM
Sharpe Ratio	0.03
Alpha	-3.24

Character TTM
Hurst Exponent	0.531
Beta	0.108
Beta Downside	0.137

Drawdowns 3y
Max DD	45.25%
Mean DD	24.44%
Median DD	28.40%

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	34,698m
Sub-Industry	Packaged Foods & Meats
IPO / Inception	1985-07-01
Return 12m vs S&P 500	-9.73%
Analyst Rating	3.04 of 5

HSY Dividends

Dividend Yield	3.06%
Yield on Cost 5y	3.97%
Yield CAGR 5y	14.81%
Payout Consistency	95.8%
Payout Ratio	87.0%

HSY Growth Ratios

CAGR 3y	-5.09%
CAGR/Max DD Calmar Ratio	-0.11
CAGR/Mean DD Pain Ratio	-0.21
Current Volume	1595.7k
Average Volume	1924.7k

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (1.36b TTM) > 0 and > 6% of Revenue (6% = 689.3m TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA 2.79pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 10.19% (prev -5.86%; Δ 16.05pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 2.29b > Net Income 1.36b (YES >=105%, WARN >=100%)

Net Debt (3.73b) to EBITDA (2.14b) ratio: 1.75 <= 3.0 (WARN <= 3.5)

Current Ratio 1.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (203.5m) change vs 12m ago 0.23% (target <= -2.0% for YES)

Gross Margin 37.74% (prev 44.35%; Δ -6.61pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 87.70% (prev 86.93%; Δ 0.77pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.69 (EBITDA TTM 2.14b / Interest Expense TTM 201.2m) >= 6 (WARN >= 3)

Altman Z'' 3.19

(A) 0.09 = (Total Current Assets 4.40b - Total Current Liabilities 3.23b) / Total Assets 13.58b

(B) 0.40 = Retained Earnings (Balance) 5.45b / Total Assets 13.58b

(D) 0.60 = Book Value of Equity 5.42b / Total Liabilities 9.01b

Total Rating: 3.19 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.58

1. Piotroski 6.0pt = 1.0

2. FCF Yield 5.62% = 2.81

3. FCF Margin 18.78% = 4.70

4. Debt/Equity 1.07 = 1.95

5. Debt/Ebitda 1.75 = 0.50

6. ROIC - WACC (= 4.11)% = 5.14

7. RoE 29.44% = 2.45

8. Rev. Trend 13.22% = 0.99

9. EPS Trend -59.26% = -2.96

What is the price of HSY shares?

As of November 16, 2025, the stock is trading at USD 179.20 with a total of 1,595,700 shares traded.
Over the past week, the price has changed by +5.03%, over one month by -5.40%, over three months by +0.17% and over the past year by +3.47%.

Is Hershey a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Hershey (NYSE:HSY) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 66.58 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HSY is around 170.02 USD . This means that HSY is currently overvalued and has a potential downside of -5.12%.

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	188.4	5.1%
Analysts Target Price	188.4	5.1%
ValueRay Target Price	184.8	3.1%

HSY Fundamental Data Overview November 02, 2025

Market Cap USD = 34.70b (34.70b USD * 1.0 USD.USD)
P/E Trailing = 25.3937
P/E Forward = 29.1545
P/S = 3.0201
P/B = 8.4877
P/EG = 48.5713
Beta = 0.249
Revenue TTM = 11.49b USD
EBIT TTM = 1.35b USD
EBITDA TTM = 2.14b USD
Long Term Debt = 3.12b USD (from longTermDebt, last fiscal year)
Short Term Debt = 215.0m USD (from shortTermDebt, last quarter)
Debt = 4.89b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.73b USD (from netDebt column, last quarter)
Enterprise Value = 38.43b USD (34.70b + Debt 4.89b - CCE 1.16b)
Interest Coverage Ratio = 6.69 (Ebit TTM 1.35b / Interest Expense TTM 201.2m)
FCF Yield = 5.62% (FCF TTM 2.16b / Enterprise Value 38.43b)
FCF Margin = 18.78% (FCF TTM 2.16b / Revenue TTM 11.49b)
Net Margin = 11.84% (Net Income TTM 1.36b / Revenue TTM 11.49b)
Gross Margin = 37.74% ((Revenue TTM 11.49b - Cost of Revenue TTM 7.15b) / Revenue TTM)
Gross Margin QoQ = 32.61% (prev 30.45%)
Tobins Q-Ratio = 2.83 (Enterprise Value 38.43b / Total Assets 13.58b)
Interest Expense / Debt = 1.05% (Interest Expense 51.5m / Debt 4.89b)
Taxrate = 25.70% (95.6m / 371.9m)
NOPAT = 999.7m (EBIT 1.35b * (1 - 25.70%))
Current Ratio = 1.36 (Total Current Assets 4.40b / Total Current Liabilities 3.23b)
Debt / Equity = 1.07 (Debt 4.89b / totalStockholderEquity, last quarter 4.56b)
Debt / EBITDA = 1.75 (Net Debt 3.73b / EBITDA 2.14b)
Debt / FCF = 1.73 (Net Debt 3.73b / FCF TTM 2.16b)
Total Stockholder Equity = 4.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.01% (Net Income 1.36b / Total Assets 13.58b)
RoE = 29.44% (Net Income TTM 1.36b / Total Stockholder Equity 4.62b)
RoCE = 17.38% (EBIT 1.35b / Capital Employed (Equity 4.62b + L.T.Debt 3.12b))
RoIC = 9.83% (NOPAT 999.7m / Invested Capital 10.17b)
WACC = 5.71% (E(34.70b)/V(39.59b) * Re(6.41%) + D(4.89b)/V(39.59b) * Rd(1.05%) * (1-Tc(0.26)))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.45%
[DCF Debug] Terminal Value 79.25% ; FCFE base≈1.96b ; Y1≈2.09b ; Y5≈2.54b
Fair Price DCF = 300.2 (DCF Value 44.47b / Shares Outstanding 148.1m; 5y FCF grow 7.85% → 3.0% )
EPS Correlation: -59.26 | EPS CAGR: -14.81% | SUE: 0.59 | # QB: 0
Revenue Correlation: 13.22 | Revenue CAGR: 6.84% | SUE: 0.55 | # QB: 0

Additional Sources for HSY Stock

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