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HSY

Hershey Co

US$160.19+0.56% (US$0.89)
Day's range
US$158.78 – US$161.00
Day's volume
US$189.8m
52-week range
US$157.56 – US$232.65

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See how HSY weighs in your net worth, what it has paid you and how far it is from your target allocation.

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HSY in numbers

Market cap
US$35.9bn
P/E
24.08
Dividend yield (12m)
3.57%
Net debt/EBITDA
2.08

The 12-month dividend yield of HSY is 3.57%, above its 5-year average of 2.41%.

HSY price history

03/10/202502/10/2026
Compare with

HSY risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-12.93%-7.36%+1.86%
Volatility (annualised)33.62%26.72%23.70%
Largest drawdown-32.25%-32.25%-42.87%
Positive months5/1214/3626/60

How much did investing in HSY return?

US$1,000.00 invested on 01/11/2021 would be worth US$1,018.55 today.

Value today in HSY
US$1,018.55
Return over the period
+1.86%
Return per year
+0.37%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

HSY fundamentals

Valuation

  • P/E
    24.08
  • P/B
    —
  • EV/EBITDA
    15.40
  • EV/EBIT
    19.17
  • EV/Revenue
    3.41
  • P/EBIT
    16.58
  • P/S
    2.95
  • P/OCF
    13.50
  • P/FCF
    16.09
  • Earnings yield
    5.22%
  • PEG ratio
    —
  • Earnings per share
    US$6.65
  • Book value per share
    —

Debt

  • Net debt
    US$5.6bn
  • Net debt/EBITDA
    2.08
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.18
  • Quick ratio
    0.66
  • Cash ratio
    —

Efficiency

  • Gross margin
    38.38%
  • EBITDA margin
    22.13%
  • Operating margin
    17.78%
  • Net margin
    12.24%
  • Asset turnover
    0.87

Profitability

  • ROE
    —
  • ROA
    10.66%
  • ROIC
    —
  • Payout
    86.06%

What is HSY's fair price?

Two classic value formulas, with today's numbers. The current price is US$160.19.

Graham's fair price
—
HSY's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$75.67
52.76% below the price

US$4.54 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

HSY indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
Dividend yield3.01%3.24%2.39%1.67%1.76%2.07%2.03%2.57%
ROE19.05%47.11%45.42%49.85%53.59%57.23%66.10%84.19%
ROIC10.44%26.51%24.63%23.97%21.66%22.24%22.07%25.60%
Gross margin33.55%47.32%44.76%43.18%45.13%45.42%45.36%45.89%
EBITDA margin16.64%29.94%26.70%25.34%26.29%25.49%23.63%24.63%
Net margin7.55%19.83%16.68%15.79%16.47%15.69%14.40%15.11%
Net debt/EBITDA2.781.521.621.822.132.222.262.02

HSY financial statements

Line202520242023202220212020
Net revenueUS$11.7bnUS$11.2bnUS$11.2bnUS$10.4bnUS$9bnUS$8.1bn
Cost of sales-US$7.8bn-US$5.9bn-US$6.2bn-US$5.9bn-US$4.9bn-US$4.4bn
Gross profitUS$3.9bnUS$5.3bnUS$5bnUS$4.5bnUS$4bnUS$3.7bn
EBITDAUS$1.9bnUS$3.4bnUS$3bnUS$2.6bnUS$2.4bnUS$2.1bn
EBITUS$1.4bnUS$2.9bnUS$2.6bnUS$2.3bnUS$2bnUS$1.8bn
Net finance result——————
Profit before taxUS$1.2bnUS$2.5bnUS$2.2bnUS$1.9bnUS$1.8bnUS$1.5bn
Income tax-US$330.9m-US$252.7m-US$310.1m-US$272.3m-US$314.4m-US$219.6m
Net incomeUS$883.3mUS$2.2bnUS$1.9bnUS$1.6bnUS$1.5bnUS$1.3bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does HSY pay dividends?

Dividend yield per year

  • 2.24%2017
  • 2.57%2018
  • 2.03%2019
  • 2.07%2020
  • 1.76%2021
  • 1.67%2022
  • 2.39%2023
  • 3.24%2024
  • 3.01%2025
  • 2.72%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend13/08/202615/09/2026US$1.45
Dividend14/05/202615/06/2026US$1.45
Dividend16/02/202616/03/2026US$1.45
Dividend14/11/202515/12/2025US$1.37
Dividend14/08/202515/09/2025US$1.37
Dividend15/05/202516/06/2025US$1.37
Dividend13/02/202514/03/2025US$1.37
Dividend15/11/202416/12/2024US$1.37
Dividend15/08/202416/09/2024US$1.37
Dividend15/05/202414/06/2024US$1.37
Dividend15/02/202415/03/2024US$1.37
Dividend15/11/202315/12/2023US$1.19
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend16/08/202315/09/2023US$1.19
Dividend17/05/202315/06/2023US$1.04
Dividend15/02/202315/03/2023US$1.04
Dividend16/11/202215/12/2022US$1.04
Dividend17/08/202215/09/2022US$1.04
Dividend18/05/202215/06/2022US$0.90
Dividend16/02/202215/03/2022US$0.90
Dividend17/11/202115/12/2021US$0.90
Dividend18/08/202115/09/2021US$0.90
Dividend19/05/202115/06/2021US$0.80
Dividend17/02/202115/03/2021US$0.80
Dividend18/11/202015/12/2020US$0.80
Dividend19/08/202015/09/2020US$0.80
Dividend20/05/202015/06/2020US$0.77
Dividend19/02/202016/03/2020US$0.77
Dividend20/11/201916/12/2019US$0.77
Dividend21/08/201916/09/2019US$0.77
Dividend22/05/201914/06/2019US$0.72
Dividend20/02/201915/03/2019US$0.72
Dividend19/11/201814/12/2018US$0.72
Dividend22/08/201814/09/2018US$0.72
Dividend23/05/201815/06/2018US$0.66
Dividend21/02/201815/03/2018US$0.66
Dividend20/11/201715/12/2017US$0.66
Dividend22/08/201715/09/2017US$0.66
Dividend22/05/201715/06/2017US$0.62
Dividend21/02/201715/03/2017US$0.62
Dividend18/11/201615/12/2016US$0.62

About Hershey

Sector
Manufacturing

Questions about HSY

How much is HSY today?

HSY is at US$160.19 (0.56% on the day), last traded on 02/10/2026.

How much did HSY pay in dividends in 2025?

HSY paid US$5.48 per share in 2025, a dividend yield of 3.01%.

How much did HSY return in 12 months?

HSY returned -12.93% in 12 months, with annualised volatility of 33.62% and a largest drawdown of -32.25%.