Financials Hilton Food Group plc

Equities

Real-time Estimate Cboe Europe Other stock markets 03:33:48 2024-05-02 am EDT			5-day change	1st Jan Change
917 ^GBX	-0.86%		+0.33%	+15.00%

Apr. 30	Deutsche Bank Begins Hilton Food Group Coverage at Buy	MT
Apr. 30	Deutsche says buy Barr, Britvic and Fevertree	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	905.5	912.7	1,014	498.5	716.8	828.8	-	-
Enterprise Value (EV) ¹	993.7	1,036	1,098	710.1	856.5	955.2	956.1	956.9
P/E ratio	27.6 x	23.3 x	25.6 x	28.3 x	19.9 x	20.4 x	17.5 x	18.2 x
Yield	1.93%	2.33%	2.61%	5.33%	4%	3.68%	3.81%	4.13%
Capitalization / Revenue	0.5 x	0.33 x	0.31 x	0.13 x	0.18 x	0.2 x	0.2 x	0.19 x
EV / Revenue	0.55 x	0.37 x	0.33 x	0.18 x	0.21 x	0.24 x	0.23 x	0.22 x
EV / EBITDA	12.4 x	9.78 x	9.19 x	5.92 x	5.95 x	5.95 x	5.79 x	5.53 x
EV / FCF	-35.1 x	-903 x	38.4 x	245 x	7.98 x	22.3 x	23.5 x	36.8 x
FCF Yield	-2.85%	-0.11%	2.61%	0.41%	12.5%	4.49%	4.26%	2.72%
Price to Book	4.86 x	4.23 x	3.12 x	1.69 x	2.33 x	2.58 x	2.44 x	2.48 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	9.250	9.250	9.250
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	4,051	4,168	4,269
EBITDA ¹	80.1	106	119.5	119.9	144	160.6	165.1	173
EBIT ¹	54.7	67.03	73.57	71.14	94.98	101.8	104.9	105.3
Operating Margin	3.01%	2.42%	2.23%	1.85%	2.38%	2.51%	2.52%	2.47%
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%	1.19%	1.24%	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	40.7	26
FCF margin	-1.56%	-0.04%	0.87%	0.08%	2.69%	1.06%	0.98%	0.61%
FCF Conversion (EBITDA)	-	-	23.96%	2.42%	74.51%	26.71%	24.65%	15.03%
FCF Conversion (Net income)	-	-	77.1%	16.38%	294.99%	88.82%	78.8%	48.15%
Dividend per Share ²	0.2140	0.2600	0.2970	0.2970	0.3200	0.3400	0.3526	0.3820
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	126	127	128
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.101 x	1.164 x	0.7075 x	1.765 x	0.9699 x	0.787 x	0.7711 x	0.7406 x
Free Cash Flow ¹	-28.3	-1.15	28.6	2.9	107	42.9	40.7	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	67.5	79.3	76
Capex / Sales	5.43%	3.35%	1.74%	1.48%	1.49%	1.67%	1.9%	1.78%
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

9.25 GBP

Average target price

10.22 GBP

Spread / Average Target

+10.54%

	1st Jan change	Capi.
HILTON FOOD GROUP PLC	+15.00%	1.04B
NESTLÉ S.A.	-5.88%	263B
MONDELEZ INTERNATIONAL, INC.	-2.41%	94.82B
KRAFT HEINZ	-1.89%	44.1B
DANONE	+0.20%	40.21B
GENERAL MILLS, INC.	+7.45%	39.51B
THE HERSHEY COMPANY	+3.89%	39.56B
ARCHER-DANIELS-MIDLAND COMPANY	-19.18%	28.86B
NESTLÉ INDIA LIMITED	-5.06%	28.95B
ASSOCIATED BRITISH FOODS PLC	+12.33%	24.6B