Hershey Piotroski F Score

HSY -  USA Stock  

USD 194.37  0.24  0.12%

This module uses fundamental data of Hershey Foods to approximate its Piotroski F score. Hershey Foods F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Hershey Foods Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Hershey Foods financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Hershey Foods Altman Z Score, Hershey Foods Correlation, Hershey Foods Valuation, as well as analyze Hershey Foods Alpha and Beta and Hershey Foods Hype Analysis.

Hershey Piotroski F Score 

 
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Hershey Foods Debt Current is fairly stable at the moment as compared to the past year. Hershey Foods reported Debt Current of 589.8 Million in 2021. Debt to Equity Ratio is likely to rise to 4.15 in 2022, whereas Total Debt is likely to drop slightly above 4.5 B in 2022. Hershey Foods Debt to Equity Ratio is fairly stable at the moment as compared to the past year. Hershey Foods reported Debt to Equity Ratio of 3.55 in 2021. Gross Margin is likely to rise to 0.54 in 2022, whereas Accrued Expenses Turnover is likely to drop 9.62 in 2022.
At this time, it appears that Hershey Foods' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On Assets
Positive
2
Change in Return on Assets
N/A
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Decrease
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
Increase

Hershey Foods Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Hershey Foods is to make sure Hershey is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Hershey Foods' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Hershey Foods' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares189.5 M187.3 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted213.7 M170 M
Significantly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations1.7 BB
Fairly Down
Increasing
Slightly volatile
Total Assets9.1 B10.5 B
Fairly Down
Increasing
Slightly volatile
Total LiabilitiesB7.9 B
Fairly Down
Increasing
Slightly volatile
Current Assets3.1 B3.4 B
Moderately Down
Increasing
Slightly volatile
Current Liabilities2.2 B2.2 B
Fairly Up
Increasing
Slightly volatile
Total Debt4.5 B5.3 B
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.130.13
Steady
Decreasing
Stable
Gross Margin0.540.52
Sufficiently Up
Increasing
Slightly volatile
Asset Turnover0.960.81
Fairly Up
Decreasing
Slightly volatile

Hershey Foods Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Hershey Foods' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Hershey Foods in a much-optimized way.

About Hershey Foods Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

189.52 MillionShare
Hershey Foods Weighted Average Shares is fairly stable at the moment as compared to the past year. Hershey Foods reported Weighted Average Shares of 187.33 Million in 2021

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 B10.39 B8.99 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.5 B1.85 B1.82 B1.94 B2.23 B2.08 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.5 B1.85 B1.82 B1.94 B2.23 B2.08 B
Earnings before Tax1.14 B1.42 B1.38 B1.5 B1.72 B1.6 B
Average Equity856 M1.16 B1.65 B1.93 B2.22 B1.88 B
Enterprise Value26.81 B26.37 B34.93 B35.43 B40.74 B35.97 B
Free Cash Flow999.45 M1.32 B1.47 B1.26 B1.45 B1.29 B
Invested Capital4.83 B6.07 B6.58 B7.42 B8.53 B7.38 B
Invested Capital Average5.02 B5.94 B6.32 B7.21 B8.29 B7.23 B
Market Capitalization23.92 B22.49 B30.71 B31.71 B36.46 B32.21 B
Tangible Asset Value4.36 B4.62 B4.81 B5.85 B6.73 B6.15 B
Working Capital(74.63 M)(179.38 M)108.31 M1.09 B977.54 M1.05 B

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, manufactures and sells confectionery products and pantry items. 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 15200 people.

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Please check Hershey Foods Altman Z Score, Hershey Foods Correlation, Hershey Foods Valuation, as well as analyze Hershey Foods Alpha and Beta and Hershey Foods Hype 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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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.