Intrinsic value of Hershey Company (The) (HSY)

Previos Close

$148.05

STOCK VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate, %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Revenue / Adjusted assets

Based on fiscal year data as of 2019-12-31 and quarterly data as of 2020-09-30.

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Premium membership allows you to recalculate the intrinsic value for different input parameters.

MEMBERSHIP

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

COMPANY DESCRIPTION: The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers, York, Scharffen Berger, Dagoba, Ice Breakers, Breathsavers, Bubble Yum, SkinnyPop, Pirate's Booty, Oatmega, Paqui, ONE, and Krave brands, as well as under the Pelon Pelo Rico, IO-IO, Nutrine, Maha Lacto, Jumpin, and Sofit brands. It 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. The Hershey Company was founded in 1894 and is headquartered in Hershey, Pennsylvania.

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2019(a)2020202120222023202420252026202720282029203020312032203320342035203620372038203920402041204220432044

INCOME STATEMENT

Revenue growth rate, %2.5NaN
Revenue, $7986.252NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m6390.3NaN
Operating income, $m1595.952NaN
EBITDA, $m1999.981NaN
Interest expense (income), $mNaN
Earnings before tax, $m1383.724NaN
Tax expense, $m234.032NaN
Net income, $m1149.692NaN

BALANCE SHEET

Cash and short-term investments, $m493.262NaN
Total assets, $m8140.395NaN
Adjusted assets (=assets-cash), $m7647.133000000001NaN
Average production assets, $m5345NaN
Working capital, $m108.30899999999997NaN
Total debt, $m4266.485NaN
Total liabilities, $m6395.401000000001NaN
Total equity, $m1744.994NaN
Debt-to-equity ratio2.445NaN
Adjusted equity ratio0.26NaN

CASH FLOW

Net income, $m1149.692NaN
Depreciation, amort., depletion, $m404.029NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1763.873NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-290.061NaN
Cash from investing activities, $mNaN
Free cash flow, $m2053.934NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow (-), $mNaN
Cash flow adjustment, $mNaN
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN