Stock HRL HORMEL FOODS CORPORATION
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Financials Hormel Foods Corporation

Equities

HRL

US4404521001

Food Processing

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-31 pm EDT 		5-day change 1st Jan Change
30.98 USD +0.62% Intraday chart for Hormel Foods Corporation -11.76% -3.52%
May. 31 Disaster averted Our Logo
May. 31 Citigroup Adjusts Price Target on Hormel Foods to $33 From $35 MT

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,807 26,279 22,961 25,649 17,154 16,987 - -
Enterprise Value (EV) 1 21,384 25,851 25,650 28,102 19,710 19,302 19,126 18,881
P/E ratio 22.7 x 29.3 x 25.5 x 25.8 x 21.6 x 19.8 x 18.4 x 16.4 x
Yield 2.06% 1.91% 2.32% 2.21% 3.5% 3.63% 3.86% 3.95%
Capitalization / Revenue 2.3 x 2.73 x 2.02 x 2.06 x 1.42 x 1.4 x 1.37 x 1.34 x
EV / Revenue 2.25 x 2.69 x 2.25 x 2.26 x 1.63 x 1.59 x 1.54 x 1.49 x
EV / EBITDA 15.7 x 19.8 x 18.4 x 17.8 x 13.7 x 13.5 x 12.7 x 11.8 x
EV / FCF 32.1 x 34 x 33.3 x 32.8 x 25.3 x 25 x 25.2 x 20.4 x
FCF Yield 3.12% 2.94% 3% 3.05% 3.95% 4% 3.97% 4.9%
Price to Book 3.68 x 4.07 x 3.16 x 3.4 x - 1.95 x 1.93 x 1.87 x
Nbr of stocks (in thousands) 533,970 539,608 542,557 546,198 546,481 548,305 - -
Reference price 2 40.84 48.70 42.32 46.96 31.39 30.98 30.98 30.98
Announcement Date 11/26/19 11/24/20 12/9/21 11/30/22 11/29/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,497 9,608 11,386 12,459 12,110 12,163 12,408 12,691
EBITDA 1 1,361 1,306 1,394 1,575 1,438 1,428 1,509 1,602
EBIT 1 1,196 1,100 1,166 1,313 1,185 1,163 1,247 1,345
Operating Margin 12.6% 11.45% 10.24% 10.54% 9.79% 9.56% 10.05% 10.6%
Earnings before Tax (EBT) 1 1,210 1,115 1,126 1,278 1,013 1,109 1,159 -
Net income 1 978.8 908.1 908.8 1,000 793.6 864.4 933.9 1,026
Net margin 10.31% 9.45% 7.98% 8.03% 6.55% 7.11% 7.53% 8.08%
EPS 2 1.800 1.660 1.660 1.820 1.450 1.561 1.687 1.890
Free Cash Flow 1 666.6 760.5 769.5 856.1 777.6 772 760 926
FCF margin 7.02% 7.92% 6.76% 6.87% 6.42% 6.35% 6.12% 7.3%
FCF Conversion (EBITDA) 48.96% 58.23% 55.19% 54.34% 54.06% 54.05% 50.35% 57.79%
FCF Conversion (Net income) 68.1% 83.75% 84.67% 85.61% 97.99% 89.31% 81.38% 90.25%
Dividend per Share 2 0.8400 0.9300 0.9800 1.040 1.100 1.125 1.195 1.222
Announcement Date 11/26/19 11/24/20 12/9/21 11/30/22 11/29/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,455 3,044 3,097 3,034 3,283 2,971 2,978 2,963 3,198 2,997 2,887 3,028 3,261 3,002 2,957
EBITDA 1 423.6 384 396.9 356.2 438.3 360.3 366.6 361.5 381.9 358.8 339.5 332.9 392.8 373 360.3
EBIT 1 357.7 319.7 334.7 291 367.2 289.5 295.8 286.8 313.1 294.8 275.9 267.4 328.7 300.8 294.1
Operating Margin 10.35% 10.5% 10.81% 9.59% 11.18% 9.74% 9.93% 9.68% 9.79% 9.84% 9.56% 8.83% 10.08% 10.02% 9.94%
Earnings before Tax (EBT) 1 352.2 308.9 321.9 289.8 357.5 281.2 278.8 207.6 245.8 285.5 244.1 259.9 285.5 311.8 282.5
Net income 1 281.7 239.6 261.6 218.9 279.9 217.7 217.2 162.7 195.9 218.9 189.3 203.2 234.7 231.9 217.2
Net margin 8.16% 7.87% 8.45% 7.21% 8.52% 7.33% 7.3% 5.49% 6.13% 7.3% 6.56% 6.71% 7.2% 7.73% 7.35%
EPS 2 0.5100 0.4400 0.4800 0.4000 0.5100 0.4000 0.4000 0.3000 0.3600 0.4000 0.3400 0.3472 0.4479 0.4207 0.3870
Dividend per Share 2 0.2450 0.2600 0.2600 0.2600 0.2600 0.2750 0.2750 0.2750 0.2750 0.2825 0.2825 0.2808 0.2808 0.2925 -
Announcement Date 12/9/21 3/1/22 6/2/22 9/1/22 11/30/22 3/2/23 6/1/23 8/31/23 11/29/23 2/29/24 5/30/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 2,689 2,453 2,556 2,315 2,140 1,895
Net Cash position 1 423 428 - - - - - -
Leverage (Debt/EBITDA) - - 1.929 x 1.557 x 1.777 x 1.621 x 1.418 x 1.183 x
Free Cash Flow 1 667 761 770 856 778 772 760 926
ROE (net income / shareholders' equity) 15.5% 13.8% 12.9% 13.8% - 11.7% 11.1% 11.8%
ROA (Net income/ Total Assets) 11.6% 10.1% 8.04% 7.69% 5.93% 6.45% 7% 7.45%
Assets 1 8,413 9,009 11,302 13,002 13,378 13,401 13,341 13,772
Book Value Per Share 2 11.10 12.00 13.40 13.80 - 15.90 16.10 16.50
Cash Flow per Share 2 1.690 2.060 1.830 2.070 1.910 2.020 1.810 -
Capex 1 256 368 232 279 270 264 285 284
Capex / Sales 2.7% 3.82% 2.04% 2.24% 2.23% 2.17% 2.3% 2.24%
Announcement Date 11/26/19 11/24/20 12/9/21 11/30/22 11/29/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Hormel Foods Corporation

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
30.98 USD
Average target price
31.67 USD
Spread / Average Target
+2.22%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Animal Slaughtering & Processing
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