HSY

NYSE

HERSHEY CO

Consumer Staples, Packaged Foods & Meats

$182.35

close 7 Aug 2026

+3.95%

52-week change

$36.64B

market cap

$161.43

$239.48

52-week range

Expected price

$168.31 – $205.71

Current price

$182.35

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)24.84x

P/S (TTM)3.01x

P/B8.03x

EV/EBITDA (TTM)15.54x

FCF yield (TTM)6.08%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average26.03x

P/E, sector median23.35x*

Price at 5-year median P/E$190.21*

Indicated dividend yield3.19%

Forward — analyst consensus

Forward P/E (FY2026)21.49x*

Forward P/E (FY2027)18.47x

Forward PEG1.31*

Consensus EPS FY2026 (22 analysts)$8.49

EPS growth (FY2026→FY2027)16.36%

Revenue growth (FY2026)5.14%

Street view

Price target (mean)$206.62*

Target upside13.31%

Ratings (buy / hold / sell)8 / 14 / 1

FY2026 EPS revisions, 30d (up / down)2 / 6

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 28 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +7.70%10Y CAGR +7.32%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$182.35

Cash & equivalents—

Total debt$5.19B

Shares outstanding200.93M

Result

DCF price per share—

Current price$182.35

Margin of safety—

PV of years 1–10$21.94B

PV of terminal value$40.39B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$2.40B	$2.58B	$2.78B	$3.00B	$3.23B	$3.48B	$3.75B	$4.03B	$4.34B	$4.68B	$87.19B
PV	$2.22B	$2.22B	$2.21B	$2.20B	$2.20B	$2.19B	$2.19B	$2.18B	$2.17B	$2.17B	$40.39B

period to 28 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026