Hershey Z Score

HSY -  USA Stock  

USD 206.98  2.56  1.22%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Hershey Foods Piotroski F Score and Hershey Foods Valuation analysis.
  
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Capital Expenditure is likely to drop to about (535 M) in 2022. Return on Invested Capital is likely to drop to 0.25 in 2022. Hershey Foods Cost of Revenue is fairly stable at the moment as compared to the past year. Hershey Foods reported Cost of Revenue of 4.92 Billion in 2021. Gross Profit is likely to rise to about 4.1 B in 2022, whereas Direct Expenses is likely to drop slightly above 3.8 B in 2022.

Hershey Z Score Analysis

Hershey Foods' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Receivables568.51 M615.23 M553.71 M516.21 M
Inventories815.25 M964.21 M867.79 M766.4 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Hershey Foods Z Score

    
  5.8  
Most of Hershey Foods' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hershey Foods Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Hershey Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Hershey Foods is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Hershey Foods' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hershey Foods' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hershey Foods' interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, Hershey Foods Corp has a Z Score of 5.8. This is 35.98% lower than that of the Consumer Defensive sector and 64.29% lower than that of the Confectioners industry. The z score for all United States stocks is 33.49% higher than that of the company.

Hershey Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hershey Foods' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hershey Foods could also be used in its relative valuation, which is a method of valuing Hershey Foods by comparing valuation metrics of similar companies.
Hershey Foods is currently under evaluation in z score category among related companies.

Hershey Foods Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hershey Foods from analyzing Hershey Foods' financial statements. These drivers represent accounts that assess Hershey Foods' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hershey Foods' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee46.3 K71.72 K71.23 K75.55 K67.99 K56.93 K
Revenue Per Employee444.44 K474.49 K494.81 K481.48 K433.34 K412.01 K
Average Assets5.48 B7.57 B8.06 B9.04 B9.44 B8.66 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.5 B1.85 B1.82 B1.94 B2.23 B2.11 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.5 B1.85 B1.82 B1.94 B2.23 B2.11 B
Earnings before Tax1.14 B1.42 B1.38 B1.5 B1.79 B1.67 B
Average Equity856 M1.16 B1.65 B1.93 B2.45 B2.06 B
Enterprise Value26.81 B26.37 B34.93 B35.43 B43.69 B38.5 B
Free Cash Flow999.45 M1.32 B1.45 B1.26 B1.59 B1.4 B
Invested Capital4.83 B6.07 B6.58 B7.42 B7.95 B7.23 B
Invested Capital Average5.02 B5.94 B6.32 B7.21 B7.63 B7.02 B
Market Capitalization23.92 B22.49 B30.71 B31.71 B39.86 B34.91 B
Tangible Asset Value4.36 B4.62 B4.81 B5.85 B5.74 B5.69 B
Working Capital(74.63 M)(179.38 M)108.31 M1.09 B(247.11 M)(253.61 M)

Hershey Foods Institutional Holders

Institutional Holdings refers to the ownership stake in Hershey Foods that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hershey Foods' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hershey Foods' value.
Security TypeSharesValue
Hershey Trust CoCommon Shares59.7 M12.9 B
Vanguard Group IncCommon Shares14.1 MB
Blackrock IncCommon Shares13.4 M2.9 B
State Street CorpCommon Shares7.3 M1.6 B
Renaissance Technologies LlcCommon Shares3.1 M662.9 M
Geode Capital Management LlcCommon Shares2.9 M629.1 M
Ameriprise Financial IncCommon Shares2.6 M557.8 M

Hershey Fundamentals

About Hershey Foods Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hershey Foods Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hershey Foods using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hershey Foods Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 was founded in 1894 and is headquartered in Hershey, Pennsylvania. Hershey Foods operates under Confectioners classification in the United States and is traded on New York Stock Exchange. It employs 16620 people.

Hershey Foods Investors Sentiment

The influence of Hershey Foods' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Hershey. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Hershey Foods Implied Volatility

    
  34.0  
Hershey Foods' implied volatility exposes the market's sentiment of Hershey Foods Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hershey Foods' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hershey Foods stock will not fluctuate a lot when Hershey Foods' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hershey Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hershey Foods' short interest history, or implied volatility extrapolated from Hershey Foods options trading.

Current Sentiment - HSY

Hershey Foods Corp Investor Sentiment

Greater number of Macroaxis users are currently bullish on Hershey Foods Corp. What is your judgment towards investing in Hershey Foods Corp? Are you bullish or bearish?
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Bearish
98% Bullish
2% Bearish
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Please check Hershey Foods Piotroski F Score and Hershey Foods Valuation analysis. Note that the Hershey Foods Corp information on this page should be used as a complementary analysis to other Hershey Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Hershey Foods Corp price analysis, check to measure Hershey Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hershey Foods is operating at the current time. Most of Hershey Foods' value examination focuses on studying past and present price action to predict the probability of Hershey Foods' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hershey Foods' price. Additionally, you may evaluate how the addition of Hershey Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hershey Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hershey Foods. If investors know Hershey will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hershey Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Hershey Foods Corp is measured differently than its book value, which is the value of Hershey that is recorded on the company's balance sheet. Investors also form their own opinion of Hershey Foods' value that differs from its market value or its book value, called intrinsic value, which is Hershey Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hershey Foods' market value can be influenced by many factors that don't directly affect Hershey Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hershey Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine Hershey Foods value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hershey Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.