HSY - The Hershey Company
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$201.70
DETAILS
HIGH:
$222.00
LOW:
$181.00
MEDIAN:
$210.00
CONSENSUS:
$201.70
UPSIDE:
1.99%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 11,202.3 | 11,165.0 | 10,419.3 | 8,971.3 | 8,149.7 | 7,986.3 | 7,791.1 | 7,515.4 | 7,440.2 | 7,386.6 |
| Cost of Revenue | 5,901.4 | 6,167.2 | 5,920.5 | 4,922.7 | 4,448.4 | 4,363.8 | 4,215.7 | 4,060.1 | 4,270.6 | 4,004.0 |
| Gross Profit | 5,300.9 | 4,997.8 | 4,498.8 | 4,048.6 | 3,701.3 | 3,622.5 | 3,575.3 | 3,455.4 | 3,169.5 | 3,382.7 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 2,262.8 | 2,436.5 | 2,236.0 | 2,001.4 | 1,890.9 | 1,905.9 | 1,874.8 | 1,885.5 | 1,891.3 | 1,969.3 |
| Other Expenses | 139.9 | 0.4 | 2.0 | 3.5 | 27.6 | 120.6 | 76.8 | 256.5 | 23.1 | 375.6 |
| Operating Expenses | 2,402.7 | 2,436.9 | 2,238.0 | 2,004.9 | 1,918.6 | 2,026.5 | 1,951.7 | 2,142.0 | 1,914.4 | 2,344.9 |
| Operating Income | ||||||||||
| Operating Income | 2,898.2 | 2,560.9 | 2,260.8 | 2,043.7 | 1,782.7 | 1,596.0 | 1,623.7 | 1,313.4 | 1,205.8 | 1,037.8 |
| Interest Expense | 174.3 | 161.5 | 140.1 | 129.8 | 153.5 | 152.1 | 146.9 | 100.1 | 91.9 | 81.0 |
| Interest Income | 8.7 | 9.7 | 2.5 | 2.4 | 4.1 | 8.0 | 8.0 | 1.8 | 1.8 | 3.5 |
| Profitability | ||||||||||
| EBITDA | 3,103.5 | 2,753.2 | 2,436.1 | 2,242.1 | 1,943.4 | 1,824.5 | 1,852.1 | 1,472.6 | 1,493.3 | 1,227.8 |
| EBIT | 2,648.3 | 2,333.4 | 2,057.2 | 1,927.1 | 1,648.5 | 1,532.9 | 1,556.9 | 1,210.7 | 1,191.4 | 982.8 |
| Income Before Tax | 2,473.9 | 2,171.9 | 1,917.1 | 1,797.2 | 1,495.0 | 1,380.8 | 1,410.1 | 1,110.7 | 1,099.5 | 901.8 |
| Income Tax Expense | 252.7 | 310.1 | 272.3 | 314.4 | 219.6 | 234.0 | 239.0 | 354.1 | 379.4 | 388.9 |
| Net Income | 2,221.2 | 1,861.8 | 1,644.8 | 1,477.5 | 1,278.7 | 1,149.7 | 1,177.6 | 783.0 | 720.0 | 513.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 10.97 | 9.09 | 8.00 | 7.15 | 6.13 | 5.49 | 5.61 | 3.79 | 3.45 | 2.40 |
| EPS (Diluted) | 10.94 | 9.06 | 7.96 | 7.11 | 6.11 | 5.46 | 5.58 | 3.66 | 3.34 | 2.32 |
| Shares Outstanding | 203.0 | 204.7 | 205.5 | 206.7 | 208.4 | 209.5 | 210.0 | 212.2 | 214.1 | 219.1 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 346.5 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 800.4 | 823.6 | 711.2 | 671.5 | 615.2 | 568.5 | 594.1 | 588.3 | 581.4 | 599.1 |
| Inventory | 1,254.1 | 1,341.0 | 1,173.1 | 988.5 | 964.2 | 815.3 | 784.9 | 752.8 | 745.7 | 751.0 |
| Other Current Assets | 704.4 | 118.0 | 128.3 | 127.7 | 158.8 | 156.0 | 203.7 | 151.9 | 0.0 | 0.0 |
| Total Current Assets | 3,759.5 | 2,912.1 | 2,620.4 | 2,246.2 | 2,977.9 | 2,117.1 | 2,239.2 | 2,001.9 | 1,816.8 | 1,848.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,796.6 | 3,617.7 | 2,769.7 | 2,586.2 | 2,285.3 | 2,153.1 | 2,130.3 | 2,106.7 | 2,177.2 | 2,240.5 |
| Goodwill | 2,705.8 | 2,696.1 | 2,607.0 | 2,633.2 | 1,988.2 | 1,986.0 | 1,801.1 | 821.1 | 812.3 | 684.3 |
| Intangible Assets | 2,241.0 | 2,239.4 | 1,966.3 | 2,037.6 | 1,295.2 | 1,341.2 | 1,278.3 | 474.0 | 492.7 | 379.3 |
| Long-Term Investments | 212.9 | 207.2 | 133.0 | 93.1 | 52.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 194.1 | 186.1 | 812.0 | 775.1 | 503.5 | 512.0 | 253.0 | 147.0 | 168.4 | 155.4 |
| Total Non-Current Assets | 9,187.4 | 8,990.8 | 8,328.4 | 8,166.0 | 6,153.9 | 6,023.3 | 5,463.8 | 3,551.8 | 3,707.6 | 3,495.8 |
| Total Assets | 12,946.9 | 11,902.9 | 10,948.8 | 10,412.2 | 9,131.8 | 8,140.4 | 7,703.0 | 5,553.7 | 5,524.3 | 5,344.4 |
| Current Liabilities | ||||||||||
| Account Payables | 807.9 | 630.5 | 970.6 | 692.3 | 580.1 | 550.8 | 502.3 | 523.2 | 522.5 | 474.3 |
| Short-Term Debt | 1,906.3 | 1,019.0 | 1,443.1 | 942.3 | 512.9 | 731.6 | 1,203.3 | 859.5 | 632.7 | 863.4 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 | 0.0 | 0.0 | 0.0 |
| Total Current Liabilities | 3,929.5 | 3,008.4 | 3,257.2 | 2,493.3 | 1,891.7 | 2,008.8 | 2,418.6 | 2,076.5 | 1,909.4 | 2,217.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,122.1 | 3,718.6 | 3,274.8 | 4,021.0 | 4,013.9 | 3,455.2 | 3,254.3 | 2,061.0 | 2,347.5 | 1,557.1 |
| Deferred Tax Liabilities | 424.2 | 345.7 | 328.4 | 288.0 | 229.0 | 200.0 | 176.9 | 45.7 | 39.6 | 53.2 |
| Other Non-Current Liabilities | 383.5 | 383.6 | 424.9 | 476.2 | 501.6 | 471.6 | 446.0 | 438.9 | 400.2 | 468.7 |
| Total Non-Current Liabilities | 4,302.7 | 4,795.5 | 4,392.1 | 5,161.7 | 5,002.2 | 4,386.6 | 3,877.2 | 2,545.6 | 2,787.2 | 2,079.0 |
| Total Liabilities | 8,232.2 | 7,803.9 | 7,649.3 | 7,655.0 | 6,894.0 | 6,395.4 | 6,295.8 | 4,622.2 | 4,696.6 | 4,296.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 221.6 | 221.6 | 221.6 | 221.6 | 221.6 | 221.6 | 359.9 | 359.9 | 359.9 | 359.9 |
| Retained Earnings | 5,698.3 | 4,562.3 | 3,589.8 | 2,719.9 | 1,928.7 | 1,290.5 | 7,032.0 | 6,371.1 | 6,116.0 | 5,897.6 |
| Accumulated Other Comprehensive Income | (303.9) | (230.1) | (252.3) | (249.2) | (338.1) | (324.0) | (356.8) | (313.7) | (375.9) | (371.0) |
| Total Stockholders' Equity | 4,714.7 | 4,099.1 | 3,299.5 | 2,757.2 | 2,234.4 | 1,739.2 | 1,398.7 | 915.3 | 785.9 | 998.0 |
| Total Liabilities & Equity | 12,946.9 | 11,902.9 | 10,948.8 | 10,412.2 | 9,131.8 | 8,140.4 | 7,695.3 | 5,553.7 | 5,524.3 | 5,344.4 |
| Debt Metrics | ||||||||||
| Total Debt | 5,447.6 | 5,125.6 | 5,118.0 | 5,376.1 | 4,821.1 | 4,479.9 | 4,457.6 | 2,920.5 | 2,980.2 | 2,420.5 |
| Net Debt | 4,716.8 | 4,723.7 | 4,654.1 | 5,046.8 | 3,677.1 | 3,986.6 | 3,869.6 | 2,540.3 | 2,683.2 | 2,074.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 2,221.2 | 1,861.8 | 1,644.8 | 1,482.8 | 1,275.4 | 1,146.8 | 1,171.1 | 756.5 | 720.0 | 513.0 |
| Depreciation & Amortization | 455.3 | 419.8 | 379.0 | 315.0 | 294.9 | 291.5 | 295.1 | 261.9 | 301.8 | 244.9 |
| Stock-Based Compensation | 44.4 | 81.0 | 66.0 | 66.7 | 57.6 | 51.9 | 49.3 | 51.1 | 54.8 | 51.5 |
| Change in Working Capital | (53.1) | (341.9) | (29.4) | 46.3 | (191.6) | 88.5 | (71.2) | (134.3) | (63.7) | 170.4 |
| Other Non-Cash Items | (209.5) | 286.2 | 230.6 | 158.7 | 236.5 | 200.2 | 119.5 | 295.8 | 8.7 | 273.2 |
| Operating Cash Flow | 2,531.6 | 2,323.2 | 2,327.8 | 2,082.9 | 1,699.7 | 1,763.9 | 1,600.0 | 1,249.5 | 983.5 | 1,214.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (605.9) | (771.1) | (519.5) | (495.9) | (441.6) | (318.2) | (328.6) | (257.7) | (269.5) | (356.8) |
| Acquisitions | (361.0) | (165.8) | (275.5) | (1,729.5) | (87.2) | (482.4) | (1,224.1) | (78.6) | (329.6) | (217.0) |
| Purchases of Investments | 0.0 | 0.0 | (275.5) | 0.0 | 0.0 | (80.2) | (52.6) | (78.6) | (44.3) | 356.8 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 275.5 | 0.0 | 0.0 | 80.2 | 0.0 | 0.0 | 0.0 | 95.3 |
| Other Investing Activities | 6.6 | (261.7) | 7.6 | 2.5 | (2.4) | 20.1 | 49.8 | 7.6 | 3.7 | (355.6) |
| Investing Cash Flow | (960.3) | (1,198.7) | (787.4) | (2,222.8) | (531.3) | (780.5) | (1,502.9) | (328.7) | (595.5) | (477.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 300.6 | 14.7 | (250.4) | 429.6 | 327.2 | (184.7) | 934.8 | (80.5) | 568.6 | 254.3 |
| Stock Repurchased | (494.2) | (264.9) | (389.0) | (457.9) | (211.2) | (527.2) | (247.5) | (300.3) | (592.5) | (582.6) |
| Dividends Paid | (1,084.8) | (889.1) | (775.0) | (686.0) | (640.7) | (610.3) | (562.5) | (526.3) | (499.5) | (476.1) |
| Other Financing Activities | (18.2) | (9.0) | (35.5) | 33.2 | 46.4 | 240.8 | (8.7) | 63.3 | 59.1 | 7.4 |
| Financing Cash Flow | (1,296.5) | (1,148.3) | (1,415.7) | (681.1) | (499.2) | (1,081.5) | 116.1 | (843.8) | (434.4) | (755.2) |
| Cash Position | ||||||||||
| Net Change in Cash | 328.8 | (62.0) | 134.6 | (814.7) | 650.7 | (94.7) | 207.8 | 83.2 | (49.6) | (28.3) |
| Cash at Beginning | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 346.5 | 374.9 |
| Cash at End | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 346.5 |
| Free Cash Flow | 1,925.7 | 1,552.1 | 1,808.4 | 1,587.0 | 1,258.0 | 1,445.7 | 1,271.4 | 991.8 | 714.0 | 857.6 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 11,202.3 | 11,165.0 | 10,419.3 | 8,971.3 | 8,149.7 | 7,986.3 | 7,791.1 | 7,515.4 | 7,440.2 | 7,386.6 |
| Gross Profit | 5,300.9 | 4,997.8 | 4,498.8 | 4,048.6 | 3,701.3 | 3,622.5 | 3,575.3 | 3,455.4 | 3,169.5 | 3,382.7 |
| Operating Income | 2,898.2 | 2,560.9 | 2,260.8 | 2,043.7 | 1,782.7 | 1,596.0 | 1,623.7 | 1,313.4 | 1,205.8 | 1,037.8 |
| Net Income | 2,221.2 | 1,861.8 | 1,644.8 | 1,477.5 | 1,278.7 | 1,149.7 | 1,177.6 | 783.0 | 720.0 | 513.0 |
| EPS (Diluted) | 10.94 | 9.06 | 7.96 | 7.11 | 6.11 | 5.46 | 5.58 | 3.66 | 3.34 | 2.32 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 730.7 | 401.9 | 463.9 | 329.3 | 1,144.0 | 493.3 | 588.0 | 380.2 | 297.0 | 346.5 |
| Total Assets | 12,946.9 | 11,902.9 | 10,948.8 | 10,412.2 | 9,131.8 | 8,140.4 | 7,703.0 | 5,553.7 | 5,524.3 | 5,344.4 |
| Total Debt | 5,447.6 | 5,125.6 | 5,118.0 | 5,376.1 | 4,821.1 | 4,479.9 | 4,457.6 | 2,920.5 | 2,980.2 | 2,420.5 |
| Stockholders' Equity | 4,714.7 | 4,099.1 | 3,299.5 | 2,757.2 | 2,234.4 | 1,739.2 | 1,398.7 | 915.3 | 785.9 | 998.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 2,531.6 | 2,323.2 | 2,327.8 | 2,082.9 | 1,699.7 | 1,763.9 | 1,600.0 | 1,249.5 | 983.5 | 1,214.5 |
| Capital Expenditure | (605.9) | (771.1) | (519.5) | (495.9) | (441.6) | (318.2) | (328.6) | (257.7) | (269.5) | (356.8) |
| Free Cash Flow | 1,925.7 | 1,552.1 | 1,808.4 | 1,587.0 | 1,258.0 | 1,445.7 | 1,271.4 | 991.8 | 714.0 | 857.6 |