Stock · HSY · Consumer Defensive

Hershey Co

United States · Large Cap · listed since 1985 · Revenue 12 mo. $12.2B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
$178.08
1 Y −3.4%
Market cap
$34.6B
Phase
Mature
core business profitable, revenue barely moving
Revenue +3.9% a year (3 years)EBIT margin 12.1%Payout 48.9% of operating cash flow

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

moreless

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. It provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Sour Strips, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. The company markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. It exports its products in approximately 65 countries worldwide. The Hershey Company was founded in 1894 and is based in Hershey, Pennsylvania.

Original text from the data provider

Summary

Hershey Co is around the middle of the Consumer Defensive sector overall

40.8 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 8.1% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €1.6B (2025), it supports €17.4B. The remaining €13.6B of the market value assume it grows 8.1% a year for 10 years and not at all afterwards.

Required FCF growth per year

8.1%

no growth afterwards

Market value breakdown€31.1B market value, price as of 11/06/2026

€17.4B without growth
€13.6B priced-in growth
  • 5 yrs achieved 4.0%
  • 10 yrs achieved 9.3%
  • priced in 8.1%

Valuation against its own history

Price to operating cash flow 13.7×, below its usual range.

Middle half of 20 quarters: 16.4× to 20.3×, median 17.6×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 4.8% of revenue (10 years)
  • Steady FCF margin at least 9.6%, range 8.5 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • Earnings declined earnings −60.2% year on year

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 5 of 5 changes for the better.

  • FCF, 12 mo.$2.2B → $2.5B+17.3%better
  • Gross margin34.8% → 38.1%+3.4 ppbetter
  • EBIT margin14.1% → 17.6%+3.5 ppbetter
  • FCF margin18.1% → 20.9%+2.8 ppbetter
  • Return on equity23.1% → 32.6%+9.5 ppbetter

3 more unchanged: Revenue, 12 mo., Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability67.7above the middleEarns more than the sector: FCF margin 14.96%, sector 6.71%.
MetricStockSector medianPosition in sector
Return on equity19.05%12.35%Rank 71
Return on capital (Greenblatt)31.97%20.14%Rank 74
EBIT margin12.12%9.44%Rank 64
FCF margin14.96%6.71%Rank 87
Gross margin33.27%35.78%Rank 42
Growth41.1around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year4.38%2.12%Rank 65
Earnings growth, 3 years per year−18.28%5.20%Rank 17
Earnings growth, 5 years per year−6.58%6.07%Rank 18
Sustainable growth (ROE × retained earnings)4.52%3.77%Rank 65
Valuation26.9below the middleValued higher than the sector: Earnings yield 2.44%, sector 4.25%.
MetricStockSector medianPosition in sector
Earnings yield2.44%4.25%Rank 19
FCF yield5.05%5.05%Rank 50
EV/saleslower is better3.341.51Rank 19
EV/EBITlower is better27.5916.74Rank 20
Momentum22.6below the middleShare price doing worse than the sector: Distance from 52-week high −24.63%, sector −7.96%.
MetricStockSector medianPosition in sector
Share price, 1 year−3.38%3.24%Rank 37
Share price, 6 months−3.74%11.30%Rank 19
Share price, 3 months2.79%9.00%Rank 24
Distance from 52-week high−24.63%−7.96%Rank 10
Quality49.9around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−0.86%−0.99%Rank 47
Change in share countlower is better−0.11%−0.62%Rank 39
Dividend streak in years255Rank 90
Price reaction to results, market-adjusted−2.08%0.22%Rank 23
Balance sheet & risk36.9below the middleMore risk than the sector: Debt to equity 1.17, sector 0.67.
MetricStockSector medianPosition in sector
Equity ratio33.74%41.95%Rank 39
Net debt/EBITDAlower is better2.291.96Rank 39
Debt to equitylower is better1.170.67Rank 35
Volatility, 1 yearlower is better27.90%25.82%Rank 35

Ten years in figures

Revenue from $7.4B (2016) to $11.7B (2025), 5.2% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
20167.416.2%$714.0M215M2.7
20177.517.5%$991.8M214M2.5
20187.820.8%$1.3B211M3.9
20198.020.0%$1.4B211M4.0
20208.121.9%$1.3B209M3.7
20219.022.8%$1.6B208M5.0
202210.421.7%$1.8B207M4.7
202311.222.9%$1.6B206M4.7
202411.225.9%$1.9B203M4.7
202511.712.1%$1.7B203M4.5
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Hershey Co mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Hershey Co's score is built

Hershey Co is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Hershey Co stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Growth Momentum (CAN SLIM principle)
  • Moat Quality
  • Dividend Quality: 4 Factors
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Hershey Co key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Hershey Co.

MetricStockSector
P/E ratio41.022.8
P/B ratio7.82.6
Return on equity (ROE)19.0%12.3%
Equity ratio33.7%42.0%
Debt-to-equity (D/E)1.170.67
Dividend yield3.2%2.6%

Similar stocks in Consumer Defensive

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
HSYHershey Cothis page
MDLZMondelez International IncLow3.6
LISP.SWChocoladefabriken Lindt & Spruengli AG Partlocked
LISN.SWChocoladefabriken Lindt & Spruengli AG Nlocked
ADMArcher-Daniels-Midland Companylocked
KMBKimberly-Clark Corporationlocked

Frequently asked questions about Hershey Co stock

How does Hershey Co stock (HSY) score in the StockScorer model?
Hershey Co stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is Hershey Co's P/E ratio?
Hershey Co's P/E ratio is 41.0. The Consumer Defensive sector median is 22.8.
What sector is Hershey Co in?
Hershey Co is assigned to the Consumer Defensive sector. Its rank within the sector is 40.8 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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