HORMEL FOODS
HORMEL FOODS operates in Diversified Metals & Mining.
HORMEL FOODS (HO7) - Net Assets
Latest net assets as of July 2024: €7.88 Billion EUR
Based on the latest financial reports, HORMEL FOODS (HO7) has net assets worth €7.88 Billion EUR as of July 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€13.11 Billion) and total liabilities (€5.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.88 Billion |
| % of Total Assets | 60.07% |
| Annual Growth Rate | 8.22% |
| 5-Year Change | 30.6% |
| 10-Year Change | N/A |
| Growth Volatility | 3.22 |
HORMEL FOODS - Net Assets Trend (2016–2023)
This chart illustrates how HORMEL FOODS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HORMEL FOODS (2016–2023)
The table below shows the annual net assets of HORMEL FOODS from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | €7.74 Billion | +2.64% |
| 2022-10-31 | €7.54 Billion | +8.05% |
| 2021-10-31 | €6.98 Billion | +8.52% |
| 2020-10-31 | €6.43 Billion | +8.52% |
| 2019-10-31 | €5.93 Billion | +5.72% |
| 2018-10-31 | €5.60 Billion | +13.46% |
| 2017-10-31 | €4.94 Billion | +10.97% |
| 2016-10-31 | €4.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HORMEL FOODS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 58.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €7.49 Billion | 96.87% |
| Other Components | €241.93 Million | 3.13% |
| Total Equity | €7.73 Billion | 100.00% |
HORMEL FOODS Competitors by Market Cap
The table below lists competitors of HORMEL FOODS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Strive Enhanced Income Short Maturity ETF
NYSE:BUXX
|
$202.51K |
|
SKF -B- - Dusseldorf Stock Exchang
DU:SKFB
|
$202.53K |
|
Bumhan Fuel Cell Co. Ltd.
KQ:382900
|
$202.66K |
|
LRACX
NMFQS:LRACX
|
$202.68K |
|
Verus International Inc
PINK:VRUS
|
$202.41K |
|
NTT DATA - Dusseldorf Stock Exchang
DU:NT5
|
$202.18K |
|
Premier Foods PLC
LSE:PFD
|
$202.13K |
|
EFG INTL N (E2S.SG)
STU:E2S
|
$202.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HORMEL FOODS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 7,535,284,000 to 7,734,885,000, a change of 199,601,000 (2.6%).
- Net income of 793,572,000 contributed positively to equity growth.
- Dividend payments of 592,932,000 reduced retained earnings.
- Share repurchases of 12,303,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €793.57 Million | +10.26% |
| Dividends Paid | €592.93 Million | -7.67% |
| Share Repurchases | €12.30 Million | -0.16% |
| Other Changes | €11.26 Million | +0.15% |
| Total Change | €- | 2.65% |
Book Value vs Market Value Analysis
This analysis compares HORMEL FOODS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.19x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | €9.34 | €20.44 | x |
| 2018-10-31 | €10.49 | €20.44 | x |
| 2019-10-31 | €11.08 | €20.44 | x |
| 2020-10-31 | €11.90 | €20.44 | x |
| 2021-10-31 | €12.86 | €20.44 | x |
| 2022-10-31 | €13.79 | €20.44 | x |
| 2023-10-31 | €14.15 | €20.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HORMEL FOODS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.55%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.74x
- Recent ROE (10.26%) is below the historical average (15.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 20.01% | 9.35% | 1.49x | 1.43x | €445.25 Million |
| 2017 | 17.15% | 9.24% | 1.31x | 1.41x | €353.14 Million |
| 2018 | 18.07% | 10.60% | 1.17x | 1.45x | €452.06 Million |
| 2019 | 16.53% | 10.31% | 1.17x | 1.37x | €386.66 Million |
| 2020 | 14.13% | 9.45% | 0.97x | 1.54x | €265.53 Million |
| 2021 | 13.03% | 7.98% | 0.90x | 1.82x | €211.55 Million |
| 2022 | 13.27% | 8.03% | 0.94x | 1.77x | €246.46 Million |
| 2023 | 10.26% | 6.55% | 0.90x | 1.74x | €20.08 Million |
Industry Comparison
This section compares HORMEL FOODS's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HORMEL FOODS (HO7) | €7.88 Billion | 20.01% | 0.66x | $202.47K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |