The Hershey Company

The Hershey Company

HSYยทNYSE

$183.20

-1.7%
Consumer DefensiveFood Confectioners

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. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars. 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, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Paqui, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, 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 company was founded in 1894 and is headquartered in Hershey, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$37.16B
EPS4.4000
P/E Ratio41.64
Earnings Date07/29/2026
The Hershey Company

The Hershey Company Fair Value Envelope

HSY ยท NYSE

Our analysis suggests that HSY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $183.2, this represents a potential HIDDEN relative to our calculated worth for The Hershey Company.

Intrinsic Value
Current Price: $183.2

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$16.0B
+ Cash & Equivalents$925.9M
Firm Value$16.9B
- Debt$5.4B
Equity Value$11.5B
/ Shares Outstanding202,783,321B
DCF Value$57
OVERVALUED BY 69%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.1B
$1.9B
$1.7B
$1.6B
$1.4B
$1.3B
$1.2B
$1.1B
$958.7M
$870.8M
Maintenance CapEx
-$96.0M
-$87.2M
-$79.2M
-$71.9M
-$65.3M
-$59.3M
-$53.9M
-$49.0M
-$44.5M
-$40.4M
Owner Earnings
$2.0B
$1.8B
$1.6B
$1.5B
$1.3B
$1.2B
$1.1B
$1.0B
$914.2M
$830.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.8B
$1.5B
$1.3B
$1.1B
$914.0M
$768.7M
$646.5M
$543.8M
$457.3M
$384.6M
Terminal Value represents 40.9% of Enterprise Value