The Hershey Company
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. It operates through three segments: North America Confectionery, North America Salty Snacks, and International. The company offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, includi… Read more
The Hershey Company (HSHY34) - Net Assets
Latest net assets as of December 2025: R$4.64 Billion BRL
Based on the latest financial reports, The Hershey Company (HSHY34) has net assets worth R$4.64 Billion BRL as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$13.74 Billion) and total liabilities (R$9.10 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 | R$4.64 Billion |
| % of Total Assets | 33.74% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.71 |
The Hershey Company - Net Assets Trend (2022–2025)
This chart illustrates how The Hershey Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Hershey Company (2022–2025)
The table below shows the annual net assets of The Hershey Company from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$4.64 Billion | -1.65% |
| 2024-12-31 | R$4.71 Billion | +15.02% |
| 2023-12-31 | R$4.10 Billion | +24.23% |
| 2022-12-31 | R$3.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Hershey Company'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 53.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$5.50 Billion | 118.52% |
| Common Stock | R$221.55 Million | 4.78% |
| Total Equity | R$4.64 Billion | 100.00% |
The Hershey Company Competitors by Market Cap
The table below lists competitors of The Hershey Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sanlam Limited
PINK:SLMAF
|
$5.89 Billion |
|
LG Corp
KO:003550
|
$5.89 Billion |
|
Suzano S.A.
SA:SUZB3
|
$5.90 Billion |
|
PCCW Limited
PINK:PCCWY
|
$5.90 Billion |
|
Lincoln National Corporation
NYSE:LNC
|
$5.88 Billion |
|
Aier Eye Hospital Group
SHE:300015
|
$5.88 Billion |
|
OneMain Holdings Inc
NYSE:OMF
|
$5.88 Billion |
|
Brenntag SE
F:BNR
|
$5.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Hershey Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,714,654,000 to 4,636,750,000, a change of -77,904,000 (-1.7%).
- Net income of 883,259,000 contributed positively to equity growth.
- Dividend payments of 1,085,296,000 reduced retained earnings.
- Share repurchases of 21,297,000 reduced equity.
- Other factors increased equity by 145,430,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$883.26 Million | +19.05% |
| Dividends Paid | R$1.09 Billion | -23.41% |
| Share Repurchases | R$21.30 Million | -0.46% |
| Other Changes | R$145.43 Million | +3.14% |
| Total Change | R$- | -1.65% |
Book Value vs Market Value Analysis
This analysis compares The Hershey Company'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: 10.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.34x to 10.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | R$16.10 | R$246.97 | x |
| 2023-12-31 | R$20.05 | R$246.97 | x |
| 2024-12-31 | R$23.30 | R$246.97 | x |
| 2025-12-31 | R$22.86 | R$246.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Hershey Company 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): 19.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.55%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.96x
- Recent ROE (19.05%) is below the historical average (40.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 49.85% | 15.79% | 0.95x | 3.32x | R$1.31 Billion |
| 2023 | 45.42% | 16.68% | 0.94x | 2.90x | R$1.45 Billion |
| 2024 | 47.11% | 19.83% | 0.87x | 2.75x | R$1.75 Billion |
| 2025 | 19.05% | 7.55% | 0.85x | 2.96x | R$419.58 Million |
Industry Comparison
This section compares The Hershey Company's net assets metrics with peer companies in the Confectioners industry.
Industry Context
- Industry: Confectioners
- Average net assets among peers: $1,388,729,000
- Average return on equity (ROE) among peers: 27.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Hershey Company (HSHY34) | R$4.64 Billion | 49.85% | 1.96x | $5.88 Billion |
| Jalles Machado S/A (JALL3) | $1.39 Billion | 27.93% | 2.06x | $47.69 Million |