Financials Hilton Food Group plc

Equities

Market Closed - London S.E. Other stock markets 11:35:04 2024-04-26 am EDT			5-day change	1st Jan Change
908 ^GBX	-0.98%		+1.57%	+13.50%

Apr. 15	UBS raises Crest Nicholson; Stifel cuts CRH	AN
Apr. 03	Stocks down over US Fed rates cuts speculation	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	905.5	912.7	1,014	498.5	716.8	813.6	-	-
Enterprise Value (EV) ¹	993.7	1,036	1,098	710.1	856.5	946.2	941.3	919.5
P/E ratio	27.6 x	23.3 x	25.6 x	28.3 x	19.9 x	20.1 x	17.2 x	17.8 x
Yield	1.93%	2.33%	2.61%	5.33%	4%	3.74%	3.87%	4.17%
Capitalization / Revenue	0.5 x	0.33 x	0.31 x	0.13 x	0.18 x	0.2 x	0.19 x	0.19 x
EV / Revenue	0.55 x	0.37 x	0.33 x	0.18 x	0.21 x	0.23 x	0.22 x	0.21 x
EV / EBITDA	12.4 x	9.78 x	9.19 x	5.92 x	5.95 x	5.91 x	5.7 x	5.32 x
EV / FCF	-35.1 x	-903 x	38.4 x	245 x	7.98 x	22.1 x	21.7 x	35.4 x
FCF Yield	-2.85%	-0.11%	2.61%	0.41%	12.5%	4.53%	4.61%	2.83%
Price to Book	4.86 x	4.23 x	3.12 x	1.69 x	2.33 x	2.54 x	2.39 x	2.44 x
Nbr of stocks (in thousands)	81,724	81,934	88,934	89,502	89,602	89,602	-	-
Reference price ²	11.08	11.14	11.40	5.570	8.000	9.080	9.080	9.080
Announcement Date	4/7/20	4/7/21	4/6/22	4/5/23	4/3/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,815	2,774	3,302	3,848	3,990	4,083	4,187	4,301
EBITDA ¹	80.1	106	119.5	119.9	144	160.2	165.2	172.8
EBIT ¹	54.7	67.03	73.57	71.14	94.98	103.1	106.3	108
Operating Margin	3.01%	2.42%	2.23%	1.85%	2.38%	2.52%	2.54%	2.51%
Earnings before Tax (EBT) ¹	43.16	54.03	47.4	29.61	48.64	68.61	73.84	76.33
Net income ¹	33.06	39.74	37.14	17.71	36.38	48.3	51.65	54
Net margin	1.82%	1.43%	1.12%	0.46%	0.91%	1.18%	1.23%	1.26%
EPS ²	0.4010	0.4790	0.4450	0.1970	0.4020	0.4528	0.5277	0.5095
Free Cash Flow ¹	-28.3	-1.147	28.64	2.901	107.3	42.9	43.42	26
FCF margin	-1.56%	-0.04%	0.87%	0.08%	2.69%	1.05%	1.04%	0.6%
FCF Conversion (EBITDA)	-	-	23.96%	2.42%	74.51%	26.78%	26.29%	15.04%
FCF Conversion (Net income)	-	-	77.1%	16.38%	294.99%	88.82%	84.08%	48.15%
Dividend per Share ²	0.2140	0.2600	0.2970	0.2970	0.3200	0.3394	0.3517	0.3788
Announcement Date	4/7/20	4/7/21	4/6/22	4/5/23	4/3/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	88.2	123	84.6	212	140	133	128	106
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.101 x	1.164 x	0.7075 x	1.765 x	0.9699 x	0.8276 x	0.7732 x	0.613 x
Free Cash Flow ¹	-28.3	-1.15	28.6	2.9	107	42.9	43.4	26
ROE (net income / shareholders' equity)	18.3%	19.8%	14.4%	5.94%	12%	16%	16.8%	16.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	2.280	2.630	3.660	3.300	3.430	3.580	3.790	3.730
Cash Flow per Share ²	0.8500	1.110	1.030	0.6600	1.850	1.220	1.250	1.320
Capex ¹	98.6	92.8	57.4	56.8	59.6	71.2	78.2	69.5
Capex / Sales	5.43%	3.35%	1.74%	1.48%	1.49%	1.74%	1.87%	1.62%
Announcement Date	4/7/20	4/7/21	4/6/22	4/5/23	4/3/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.08 GBP

Average target price

10.22 GBP

Spread / Average Target

+12.61%

	1st Jan change	Capi.
HILTON FOOD GROUP PLC	+13.50%	1.01B
NESTLÉ S.A.	-4.93%	261B
MONDELEZ INTERNATIONAL, INC.	-2.51%	94.98B
KRAFT HEINZ	+3.19%	46.39B
GENERAL MILLS, INC.	+8.74%	39.99B
THE HERSHEY COMPANY	-0.15%	38.02B
ARCHER-DANIELS-MIDLAND COMPANY	-16.78%	30.16B
NESTLÉ INDIA LIMITED	-6.61%	28.72B
ASSOCIATED BRITISH FOODS PLC	+11.32%	24.54B
YIHAI KERRY ARAWANA HOLDINGS CO., LTD	-9.29%	22.65B