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 2024-04-26 pm EDT 		5-day change 1st Jan Change
35.32 USD +0.14% Intraday chart for Hormel Foods Corporation +1.67% +10.00%
Apr. 23 Hormel Gatherings Introduces Summer-Themed Hard Salami & Pepperoni Tray CI
Apr. 08 Hormel Foods to Pay $11.75 Million in Settlements on Pork Price-Fixing Allegations 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 19,344 - -
Enterprise Value (EV) 1 21,384 25,851 25,650 28,102 19,710 21,683 21,457 21,213
P/E ratio 22.7 x 29.3 x 25.5 x 25.8 x 21.6 x 22.4 x 20.9 x 18.9 x
Yield 2.06% 1.91% 2.32% 2.21% 3.5% 3.19% 3.39% 3.46%
Capitalization / Revenue 2.3 x 2.73 x 2.02 x 2.06 x 1.42 x 1.58 x 1.55 x 1.51 x
EV / Revenue 2.25 x 2.69 x 2.25 x 2.26 x 1.63 x 1.77 x 1.72 x 1.66 x
EV / EBITDA 15.7 x 19.8 x 18.4 x 17.8 x 13.7 x 15.2 x 14.2 x 13.1 x
EV / FCF 32.1 x 34 x 33.3 x 32.8 x 25.3 x 30.4 x 26.3 x 20.3 x
FCF Yield 3.12% 2.94% 3% 3.05% 3.95% 3.29% 3.8% 4.94%
Price to Book 3.68 x 4.07 x 3.16 x 3.4 x - 2.3 x 2.28 x 2.21 x
Nbr of stocks (in thousands) 533,970 539,608 542,557 546,198 546,481 547,688 - -
Reference price 2 40.84 48.70 42.32 46.96 31.39 35.32 35.32 35.32
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 12,263 12,488 12,775
EBITDA 1 1,361 1,306 1,394 1,575 1,438 1,431 1,512 1,620
EBIT 1 1,196 1,100 1,166 1,313 1,185 1,164 1,249 1,354
Operating Margin 12.6% 11.45% 10.24% 10.54% 9.79% 9.49% 10% 10.6%
Earnings before Tax (EBT) 1 1,210 1,115 1,126 1,278 1,013 1,095 1,193 1,802
Net income 1 978.8 908.1 908.8 1,000 793.6 869.8 932.9 1,023
Net margin 10.31% 9.45% 7.98% 8.03% 6.55% 7.09% 7.47% 8.01%
EPS 2 1.800 1.660 1.660 1.820 1.450 1.574 1.692 1.870
Free Cash Flow 1 666.6 760.5 769.5 856.1 777.6 714 815 1,047
FCF margin 7.02% 7.92% 6.76% 6.87% 6.42% 5.82% 6.53% 8.2%
FCF Conversion (EBITDA) 48.96% 58.23% 55.19% 54.34% 54.06% 49.9% 53.91% 64.64%
FCF Conversion (Net income) 68.1% 83.75% 84.67% 85.61% 97.99% 82.09% 87.36% 102.33%
Dividend per Share 2 0.8400 0.9300 0.9800 1.040 1.100 1.127 1.196 1.223
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 2,970 3,012 3,276 3,042 3,012
EBITDA 1 423.6 384 396.9 356.2 438.3 360.3 366.6 361.5 381.9 358.8 332.2 352.9 383.3 382.3 346.4
EBIT 1 357.7 319.7 334.7 291 367.2 289.5 295.8 286.8 313.1 294.8 267.5 287 319 313.1 277.9
Operating Margin 10.35% 10.5% 10.81% 9.59% 11.18% 9.74% 9.93% 9.68% 9.79% 9.84% 9.01% 9.53% 9.74% 10.29% 9.23%
Earnings before Tax (EBT) 1 352.2 308.9 321.9 289.8 357.5 281.2 278.8 207.6 245.8 285.5 254.1 269.1 286.3 311.8 271
Net income 1 281.7 239.6 261.6 218.9 279.9 217.7 217.2 162.7 195.9 218.9 199.7 214 236.9 230.7 211.2
Net margin 8.16% 7.87% 8.45% 7.21% 8.52% 7.33% 7.3% 5.49% 6.13% 7.3% 6.72% 7.11% 7.23% 7.58% 7.01%
EPS 2 0.5100 0.4400 0.4800 0.4000 0.5100 0.4000 0.4000 0.3000 0.3600 0.4000 0.3492 0.3806 0.4359 0.4223 0.3755
Dividend per Share 2 0.2450 0.2600 0.2600 0.2600 0.2600 0.2750 0.2750 0.2750 0.2750 0.2825 0.2808 0.2808 0.2808 0.2825 -
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 - - - - -
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 2,338 2,113 1,869
Net Cash position 1 423 428 - - - - - -
Leverage (Debt/EBITDA) - - 1.929 x 1.557 x 1.777 x 1.634 x 1.398 x 1.154 x
Free Cash Flow 1 667 761 770 856 778 714 815 1,047
ROE (net income / shareholders' equity) 15.5% 13.8% 12.9% 13.8% - 11.7% 11.2% 11.9%
ROA (Net income/ Total Assets) 11.6% 10.1% 8.04% 7.69% 5.93% 6.38% 6.95% 7.46%
Assets 1 8,413 9,009 11,302 13,002 13,378 13,641 13,426 13,723
Book Value Per Share 2 11.10 12.00 13.40 13.80 - 15.30 15.50 16.00
Cash Flow per Share 2 1.690 2.060 1.830 2.070 1.910 1.630 2.140 -
Capex 1 256 368 232 279 270 270 291 285
Capex / Sales 2.7% 3.82% 2.04% 2.24% 2.23% 2.2% 2.33% 2.23%
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
12
Last Close Price
35.32 USD
Average target price
31.67 USD
Spread / Average Target
-10.33%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Animal Slaughtering & Processing

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Animal Slaughtering & Processing
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