Hormel Foods Corporation (HRL)

NYSE: HRL · USD

$20.6

-0.27 (-1.3%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-20

Our latest published analysis: HRL rated Buy

Hormel Foods Corporation's published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$23.8 / share

Potential value

$38.2 / share

Upside to FV

+14.3%

from $20.6

Moat

6/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$11.5B
Revenue (ttm)	12.1B
Net income (ttm)	342.7M
EPS (ttm)	$0.62
Shares out	550.4M
P/E (trailing)	33.2x
P/E (forward)	13.4x
Dividend	$1.17 (5.68%)
Volume	2,117,989
Beta	0.29

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 12.1B
Net income (ttm): 342.7M
EPS (ttm): $0.62
P/E (trailing): 33.2x
P/E (forward): 13.4x
Market cap: $11.5B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-10-31	2022-10-30	2023-10-29	2024-10-27	2025-10-26	Trend
Revenue	$11.39B	$12.46B	$12.11B	$11.92B	$12.11B	+1.5%
Gross profit	$1.93B	$2.16B	$2.00B	$2.02B	$1.89B	-0.5%
Operating income	$1.12B	$1.31B	$1.07B	$1.07B	$718.6M	-10.6%
Net income	$908.8M	$1,000.0M	$793.6M	$805.0M	$478.2M	-14.8%
EPS (diluted)	$1.66	$1.82	$1.45	$1.47	$0.87	-14.9%
EBITDA	$1.38B	$1.58B	$1.34B	$1.37B	$1.01B	-7.6%
R&D	$33.6M	$34.7M	$33.7M	$36.1M	$35.2M	+1.2%
SG&A	$853.1M	$879.3M	$942.2M	$1.01B	$996.6M	+4.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	Vender
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	Reduzir
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Manter
ADM	Archer-Daniels-Midland Company	37.3B	21.2x	0.5x	5.0%	+1.8%	+28.5%	Reduzir
BF.B	Brown-Forman Corporation Class B	12.7B	17.9x	3.3x	14.3%	+1.6%	+0.4%	Comprar
CAG	Conagra Brands, Inc.	6.6B	—	0.6x	9.2%	+0.2%	-18.9%	Compra forte

Base and Bull scenarios

Base60%

Price target

$23.82

+14.4% from spot

Gradual operating margin normalization from FY2025 trough toward historical levels supports dividend stability and steady cash flow expansion, delivering target $23.82 with probability 60.0% and return 14.4%. Disconfirmation would occur by FY2026 if operating margin fails to rebound or free cash flow remains below dividend payouts.

Operating margin normalizes gradually toward historical levels from the FY2025 trough
Retail volumes stabilize as price gaps against store brands narrow
Free cash flow expands sufficiently to fully cover dividend obligations

Bull20%

Price target

$38.24

+83.6% from spot

Foodservice expansion accelerates alongside input cost deflation across turkey and pork, lifting gross margins and driving operating margin recovery beyond historical baselines. This path reaches target $38.24 with probability 20.0% and return 83.6%. Disconfirmation would appear by FY2026 if wholesale protein costs spike again or restaurant foot traffic stalls.

Foodservice institutional volume accelerates above general dining trends
Raw material feed and flock costs deflate across protein supply chains
Branded grocery franchises gain center-store volume without heavy promotions

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($23.82). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
4.5%	$29.5	$32.9	$37.8	$45.5	$59.8
5.4%	$24.5	$26.4	$28.8	$32.2	$37.2
6.4%	$21.3	$22.4	$23.8	$25.8	$28.2
7.3%	$19.0	$19.8	$20.7	$21.9	$23.4
8.2%	$17.3	$17.8	$18.5	$19.3	$20.2

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E13.4

P25 n/aP50 n/aP75 n/a

Trailing P/E33.6

P25 n/aP50 n/aP75 n/a

ROE4.3

P25 n/aP50 n/aP75 n/a

ROIC6.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All HRL indicators

Market & fundamental data

Available fields

290

Groups with data

Currency

USD

Showing 290 of 290 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000048465
Company name	Hormel Foods Corporation
Country	United States
Country code	US
CUSIP number	440452100
Earnings date	2026-12-03
Earnings time	bmo
Employees	20,000
Employees change	0
Employees growth	0%
Enterprise value	$13.3B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-07-26
First seen	2026-05-09
Fiscal year end	October
Founded	1891
In index	SP500
Industry	Packaged Foods
Is primary listing	Yes
Is SPAC	No
ISIN number	US4404521001
Last 10-K release date	2025-12-05
Last earnings date	2026-08-27
Last refreshed	2026-10-28
Last stock split date	2016-02-10
Last stock split type	Forward
Market cap	$11.3B
Market cap category	Large-Cap
Next earnings date	2026-12-03
Options	Yes
Price	$20.60
Price currency	USD
Sector	Consumer Staples
SIC code	2011
Stock price date	2026-10-28
Symbol	HRL
U.S. state	Minnesota
Website	https://www.hormelfoods.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	14.41x
Average P/E ratio (10Y)	24.54x
Average P/E ratio (3Y)	24.87x
Average P/E ratio (5Y)	25.4x
Earnings yield	3.01%
EV/Earnings	38.78x
EV/EBIT	13.38x
EV/EBITDA	10.51x
EV/FCF	17.02x
EV/Sales	1.09x
FCF / EV yield	5.88%
FCF yield	6.91%
Forward EV/Sales	1.09x
Forward P/E	13.51x
Forward P/S	0.93x
Graham number	14.1033
Graham upside	-31.34%
Industry forward P/E	12.41x
Industry P/E	68.48x
Lynch fair value	$3.10
Lynch upside	-84.9%
P/(FCF - SBC) ratio	14.97x
P/(OCF - SBC) ratio	10.6x
P/B ratio	1.46x
P/E ratio	33.21x
P/FCF ratio	14.48x
P/OCF ratio	10.36x
P/S ratio	0.93x
PEG ratio	2.39x
Price / tangible book value	8.06x
Price/EBITDA ratio	8.94x
Sector forward P/E	21.33x
Sector P/E	28.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	8.18%
EBITDA margin	10.41%
Effective tax rate	34.38%
FCF margin	6.43%
Gross margin	15.74%
Operating margin	8.18%
Pretax margin	4.3%
Profit margin	2.82%
Profit per employee	$17,136
Profitable quarters	3
Profitable years	31
Revenue per employee	$607,346
ROA	4.63%
ROA (5Y)	5.37%
ROCE	8.7%
ROE	4.29%
ROE (5Y)	10.79%
ROIC	6.58%
ROIC (5Y)	8.95%
SBC / revenue	0.21%
Tax / revenue	1.48%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-54.72%
EPS growth (Q)	-67.22%
EPS growth (QoQ)	-62.18%
EPS growth 10Y	-8.69%
EPS growth 3Y	-27.09%
EPS growth 5Y	-17.06%
EPS growth years	0
FCF growth	24.39%
FCF growth (Q)	104.05%
FCF growth (QoQ)	78.2%
FCF growth 3Y	-2.49%
FCF growth 5Y	13.88%
Gross profit growth	-3.09%
Gross profit growth (Q)	-3.35%
Gross profit growth 3Y	-2.32%
Gross profit growth 5Y	0.12%
Net income growth	-54.58%
Net income growth (Q)	-67.58%
Net income growth (QoQ)	-62.17%
Net income growth 3Y	-26.9%
Net income growth 5Y	-16.84%
Net income growth years	0
OCF growth	17.26%
OCF growth (Q)	53.54%
OCF growth (QoQ)	34.46%
OCF growth 10Y	1.69%
OCF growth 3Y	-0.27%
OCF growth 5Y	9.68%
Operating income growth	-3.26%
Operating income growth (Q)	4.94%
Operating income growth 3Y	-3.92%
Operating income growth 5Y	-2.33%
Revenue growth	0.73%
Revenue growth (Q)	-2.36%
Revenue growth (QoQ)	-0.38%
Revenue growth 10Y	2.71%
Revenue growth 3Y	-0.13%
Revenue growth 5Y	3.25%
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-310.8M
Depreciation and amortization	$271.7M
EBIT	$993.2M
EBITDA	$1.3B
EPS	$0.62
FCF per share	$1.42
Financing cash flow	$-646.5M
Free cash flow	$780.9M
Free cash flow minus SBC	$755.4M
Gross profit	$1.9B
Income taxes	$179.4M
Investing cash flow	$-205.9M
Net borrowing	$-7M
Net cash flow	$244.9M
Net income	$342.7M
Operating cash flow minus SBC	$1.1B
Operating income	$993.2M
Revenue	$12.1B
Stock-based compensation	$25.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.55
Book value per share	$14.25
Debt / EBITDA	1.71
Debt / equity	0.36
Debt / FCF	3.66
Goodwill	$4.9B
Interest coverage	12.61
Long-term assets	$9.8B
Long-term liabilities	$3.6B
Net cash (debt)	$-2B
Net cash / market cap	-17.57%
Net debt / EBITDA	1.57
Net debt / equity	0.25
Net debt / FCF	2.54
Piotroski F-Score	6
Property, plant and equipment	$2.2B
Shareholders' equity	$7.9B
Tangible book value	$1.4B
Tangible book value per share	$2.55
Total assets	$13.3B
Total cash	$868.4M
Total debt	$2.9B
Total liabilities	$5.4B
WACC	5.03%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.91
Current assets	$3.5B
Current liabilities	$1.9B
Current ratio	1.88
Inventory turnover	5.65
Net working capital	$1.3B
Quick ratio	0.89
Working capital	$1.7B
Working capital turnover	6.69

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.13%
Dividend growth	0.86%
Dividend growth (10Y)	7.27%
Dividend growth (3Y)	2.08%
Dividend growth (5Y)	3.61%
Dividend growth years	60
Dividend payment date	2026-11-16
Dividend payment years	60
Dividend payout frequency	Quarterly
Dividend per share	$1.17
Dividend yield	5.68%
Ex-dividend date	2026-10-13
FCF payout ratio	82.46%
Last dividend	$0.29
Payout ratio	188.62%
Shareholder yield	5.56%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-45.78%
10Y return CAGR	-3.25%
10Y total return	-28.1%
150-day SMA	$22.44
15Y price change	37.43%
15Y return CAGR	4.69%
15Y total return	98.85%
1D price change	-1.29%
1M price change	4.31%
1M total return	5.92%
1W price change	0.24%
1W total return	0.24%
1Y price change	-13.4%
1Y return CAGR	-8.6%
1Y total return	-8.59%
20-day SMA	$20.17
200-day SMA	$22.86
20Y price change	128.12%
20Y return CAGR	6.67%
20Y total return	263.88%
3M price change	-21.07%
3M total return	-19.86%
3Y price change	-34.5%
3Y return CAGR	-9.29%
3Y total return	-25.37%
50-day SMA	$20.94
50-day SMA vs 200-day SMA	50under200
52-week high	$26.60
52-week high date	2026-06-26
52-week low	$18.96
52-week low date	2026-10-13
5Y price change	-51.35%
5Y return CAGR	-10.25%
5Y total return	-41.76%
6M price change	-4.24%
6M total return	-1.6%
All-time high	$55.11
All-time high date	2022-04-21
All-time low	$0.10
All-time low date	1968-03-15
Average true range (ATR)	$0.44
Average volume	5.4M
Beta (1Y)	-0.35
Beta (2Y)	-0
Beta (5Y)	0.29
Change from 52-week high	-22.56%
Change from 52-week low	8.65%
Change from all-time high	-62.69%
Change from all-time low	20,944.01%
Change from open	0%
Day's gap	-1.29%
Dollar volume	$43.6M
High price	$20.74
Low price	$20.47
Monthly RSI	35.65
Open price	$20.60
Position in 52-week range	48.15%
Premarket change	-0.81%
Premarket close	$20.87
Premarket price	$20.70
Premarket volume	1.2K
Previous close	$20.87
Price vs 150-day SMA	-8.36%
Price vs 20-day SMA	1.95%
Price vs 200-day SMA	-10.05%
Price vs 50-day SMA	-1.81%
Relative volume	0.4
RSI	50.3
Sharpe ratio	-0.29
Sharpe ratio (3Y)	-0.35
Sharpe ratio (5Y)	-0.46
Sortino ratio	-0.22
Sortino ratio (3Y)	-0.29
Sortino ratio (5Y)	-0.4
Volume	2.1M
Weekly RSI	42.35
YTD price change	-13.25%
YTD total return	-8.44%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	290.8M
Float percentage	52.84%
Shares change (QoQ)	0.03%
Shares change (YoY)	0.13%
Shares held by insiders	0.49%
Shares held by institutions	44.55%
Shares outstanding	550.4M
Short % of float	7.84%
Short % of shares	4.14%
Short ratio	4.8 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	134

Deeper analysis on HRL

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this HRL report

What is the latest published HRL stock rating?

Hormel Foods Corporation is shown with Buy in the latest published report, analyzed 2026-09-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full HRL analysis?

The full latest published report, analyzed 2026-09-20, lives at /stocks/HRL/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for HRL?

The latest published report analyzed 2026-09-20 gives HRL a fair value of USD 24 and a potential value of USD 38. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the HRL page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyHRL · Fair value $23.8+14.3%

Read full analysis →

Category	Score	Reading
Valuation	7.5
Management	6.5
Balance Sheet	7.0
Profitability	3.5
Revenue Growth	2.5
Risk Assessment	7.5
Competitive Moat	6.0
Earnings Quality	6.0
Capital Efficiency	3.5

Hormel Foods Corporation (HRL)

Our latest published analysis: HRL rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · HRL

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All HRL indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on HRL

Frequently asked questions

Histórico de classificações