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Hormel Foods Corporation

Consumer Defensive US HRL

35.27USD
-0.33(0.93%)

Last update at 2024-04-25T20:10:00Z

Day Range

35.2035.87
LowHigh

52 Week Range

30.1245.85
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Income before tax 1013.47M 1278.10M 1126.17M 1114.75M 1209.71M
Minority interest 0.65M -0.23900M 0.30M 0.27M 4.08M
Net income 793.57M 999.99M 908.84M 908.08M 978.81M
Selling general administrative 942.17M 879.26M 853.07M 761.32M 695.08M
Selling and marketing expenses - - - - -
Gross profit 1999.84M 2164.69M 1927.91M 1825.96M 1884.65M
Reconciled depreciation 253.31M 262.75M 228.41M 205.78M 165.21M
Ebit 1115.26M 1312.61M 1122.60M 1100.22M 1196.27M
Ebitda 1368.57M 1603.37M 1397.88M 1341.60M 1392.99M
Depreciation and amortization 253.31M 290.76M 275.28M 241.38M 196.73M
Non operating income net other - 28.01M 46.88M 35.60M 31.52M
Operating income 1072.05M 1312.61M 1122.60M 1100.22M 1196.27M
Other operating expenses 11052.34M 11173.39M 10311.35M 8543.81M 8340.25M
Interest expense 73.40M 62.52M 43.31M 21.07M 18.07M
Tax provision 220.55M 277.88M 217.03M 206.39M 230.57M
Interest income 14.83M 34.50M 3.57M 14.53M 13.45M
Net interest income -58.57400M -34.50300M 3.57M 14.53M 13.45M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 220.55M 277.88M 217.03M 206.39M 230.57M
Total revenue 12110.01M 12458.81M 11386.19M 9608.46M 9497.32M
Total operating expenses 942.17M 879.26M 853.07M 761.32M 727.58M
Cost of revenue 10110.17M 10294.12M 9458.28M 7782.50M 7612.67M
Total other income expense net 14.37M -34.50400M 3.57M 14.53M 13.45M
Discontinued operations - - - - -
Net income from continuing ops 792.92M 1000.23M 909.14M 908.35M 979.15M
Net income applicable to common shares - 999.99M 908.84M 908.08M 978.81M
Preferred stock and other adjustments - - - - -
Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Total assets 13448.77M 13311.85M 12701.81M 9913.06M 8109.00M
Intangible assets 1757.17M 1803.03M 1822.27M 1076.29M 1033.86M
Earning assets - - - - -
Other current assets 39.01M -0.00100M 14.94M 12.44M 14.46M
Total liab 5709.79M 5766.70M 5717.97M 3477.96M 2183.47M
Total stockholder equity 7738.98M 7540.22M 6978.36M 6430.33M 5925.53M
Deferred long term liab - 475.21M 278.18M 218.78M 176.57M
Other current liab -0.00100M 172.65M 613.59M 600.66M 515.02M
Common stock 8.01M 8.00M 7.95M 7.91M 7.83M
Capital stock - 8.00M 7.95M 7.91M 7.83M
Retained earnings 7492.95M 7313.37M 6881.87M 6523.34M 6128.21M
Other liab - 1002.88M 987.17M 885.93M 810.54M
Good will 4928.46M 4925.83M 4929.10M 2612.73M 2481.64M
Other assets - 4.93M 5.48M 4.78M 313.82M
Cash 736.53M 982.11M 613.53M 1714.31M 672.90M
Cash and equivalents - 982.11M 613.53M 1714.31M 672.90M
Total current liabilities 2311.78M 1473.27M 1415.65M 1503.96M 1105.05M
Current deferred revenue 589.85M 475.21M - 218.78M 176.57M
Net debt 2572.72M 2317.24M 2710.37M -410.68200M -422.90100M
Short term debt 950.53M 8.80M 8.76M 258.69M 0.00000M
Short long term debt 950.53M 8.80M 8.76M 258.69M -
Short long term debt total 3309.25M 3299.34M 3323.90M 1303.63M 250.00M
Other stockholder equity 510.28M 474.40M 365.81M 294.33M 189.00M
Property plant equipment - 2141.15M 388.59M 432.00M 1629.11M
Total current assets 3297.25M 3637.12M 2947.82M 3579.06M 2361.41M
Long term investments 725.12M 271.06M 299.02M 308.37M 289.16M
Net tangible assets - 811.36M 221.51M 2736.53M 2405.95M
Short term investments 16.66M 16.15M 21.16M 17.34M 14.74M
Net receivables 824.63M 874.77M 904.01M 743.87M 594.32M
Long term debt 2358.72M 3290.55M 3315.15M 1044.94M 250.00M
Inventory 1680.41M 1716.06M 1369.20M 1072.76M 1042.36M
Accounts payable 771.40M 816.60M 793.31M 644.61M 590.03M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 4.94M 5.48M 4.78M 4.08M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -272.25200M -255.56100M -277.26900M -395.25000M -399.50000M
Additional paid in capital - - - - -
Common stock total equity - 8.00M 7.95M 7.91M 7.83M
Preferred stock total equity - - - - -
Retained earnings total equity - 7313.37M 6881.87M 6523.34M 6128.21M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 370.25M 53.52M 299.91M 250.38M 177.90M
Deferred long term asset charges - - - - -
Non current assets total 10151.52M 9669.80M 9748.51M 6329.22M 5747.59M
Capital lease obligations - - - - -
Long term debt total - 3290.55M 3315.15M 1044.94M 250.00M
Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Investments -689.54400M -258.03700M -4.36400M -2.58900M -14.49600M
Change to liabilities - -33.03400M 136.46M 86.48M -70.45400M
Total cashflows from investing activities - -258.03700M -3625.83900M -656.31600M 220.15M
Net borrowings - -8.67300M 2276.29M 992.38M -374.84000M
Total cash from financing activities -600.06400M -486.68400M 1520.52M 566.17M -926.24400M
Change to operating activities - -371.79200M -165.78600M -4.64900M -20.52100M
Net income 792.92M 1000.23M 909.14M 908.35M 979.15M
Change in cash -245.57500M 368.58M -1100.77900M 1041.41M 213.76M
Begin period cash flow 982.11M 613.53M 1714.31M 672.90M 459.14M
End period cash flow 736.53M 982.11M 613.53M 1714.31M 672.90M
Total cash from operating activities 1047.85M 1134.98M 1001.93M 1128.02M 923.00M
Issuance of capital stock - - - - -
Depreciation 253.31M 262.75M 228.41M 205.78M 165.21M
Other cashflows from investing activities - 19.66M -3389.05800M -286.22500M 528.49M
Dividends paid -592.93200M -557.83900M -523.11400M -487.37600M 437.05M
Change to inventory 35.71M -351.66300M -145.17600M -1.83900M -123.84300M
Change to account receivables 49.00M 28.36M -191.62700M -119.51600M -11.14600M
Sale purchase of stock -12.30300M 79.83M -19.95800M -12.36000M -174.24600M
Other cashflows from financing activities 12.02M 0.00100M 45.92M 81.89M 59.90M
Change to netincome - 244.03M 30.17M 42.90M -5.81300M
Capital expenditures 270.21M 277.69M 230.20M 367.50M 256.44M
Change receivables - 28.36M -191.62700M -119.51600M -11.14600M
Cash flows other operating - -15.46000M 34.55M 5.86M -10.10500M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 390.26M -1103.38500M 1037.88M 216.91M
Change in working capital -124.75800M -371.79200M -165.78600M -29.01300M -221.36100M
Stock based compensation 24.08M 24.94M 24.74M 22.46M 19.71M
Other non cash items 70.50M 41.85M -23.24700M -11.59500M -48.34800M
Free cash flow 777.64M 857.28M 771.73M 760.52M 666.56M

Fundamentals

  • Previous Close 35.60
  • Market Cap17351.23M
  • Volume1743564
  • P/E Ratio21.88
  • Dividend Yield3.56%
  • EBITDA1310.98M
  • Revenue TTM12110.01M
  • Revenue Per Share TTM22.16
  • Gross Profit TTM 2164.69M
  • Diluted EPS TTM1.45

Peer Comparison

Sector: Consumer Defensive Industry: Packaged Foods

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
HRL
Hormel Foods Corporation
-0.33 0.93% 35.27 21.88 20.49 1.43 2.24 1.64 14.85
NSRGF
Nestle SA
-0.8558 0.83% 101.76 26.86 18.76 3.13 7.10 3.81 21.70
NSRGY
Nestle SA ADR
-1.6 1.55% 101.43 26.82 18.66 3.18 7.07 3.81 21.70
KHC
Kraft Heinz Co
-0.2 0.52% 38.37 15.02 12.02 1.61 0.89 2.31 11.21
DANOY
Danone PK
-0.11 0.86% 12.73 28.42 16.39 1.44 2.23 1.85 12.41

Reports Covered

Stock Research & News

Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST "N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Hormel Foods Corporation

1 Hormel Place, Austin, MN, United States, 55912-3680

Key Executives

Name Title Year Born
Mr. James P. Snee Chairman, Pres & CEO 1967
Ms. Jacinth C. Smiley Exec. VP & CFO 1969
Ms. Lori J. Marco Sr. VP of External Affairs & Gen. Counsel 1967
Ms. Deanna T. Brady Exec. VP of Retail 1965
David W. Dahlstrom Director of Investor Relations NA
Mr. Pierre M. Lilly Sr. VP & Chief Compliance Officer 1972
Ms. Wendy A. Watkins Sr. VP & Chief Communications Officer 1966
Ms. Janet L. Hogan Sr. VP of HR 1964
Ms. Katherine M. Losness Larson Sr. VP of HR 1965
Mr. D. Scott Aakre Sr. VP of Brand Fuel 1964

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