Financials Hilton Food Group plc

Equities

Real-time Estimate Cboe Europe Other stock markets 05:10:37 2024-07-12 am EDT			5-day change	1st Jan Change
909 ^GBX	+0.33%		-1.20%	+13.62%

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Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	905.5	912.7	1,014	498.5	716.8	811.8	-	-
Enterprise Value (EV) ¹	993.7	1,036	1,098	710.1	856.5	935.5	933.8	929.7
P/E ratio	27.6 x	23.3 x	25.6 x	28.3 x	19.9 x	18.4 x	16.5 x	15.7 x
Yield	1.93%	2.33%	2.61%	5.33%	4%	3.72%	3.91%	4.16%
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	0.23 x	0.22 x	0.22 x
EV / EBITDA	12.4 x	9.78 x	9.19 x	5.92 x	5.95 x	5.75 x	5.57 x	5.39 x
EV / FCF	-35.1 x	-903 x	38.4 x	245 x	7.98 x	19 x	25.2 x	22.4 x
FCF Yield	-2.85%	-0.11%	2.61%	0.41%	12.5%	5.28%	3.97%	4.46%
Price to Book	4.86 x	4.23 x	3.12 x	1.69 x	2.33 x	2.47 x	2.34 x	2.21 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	9.060	9.060	9.060
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	4,049	4,157	4,273
EBITDA ¹	80.1	106	119.5	119.9	144	162.8	167.6	172.4
EBIT ¹	54.7	67.03	73.57	71.14	94.98	103	106.3	109.1
Operating Margin	3.01%	2.42%	2.23%	1.85%	2.38%	2.54%	2.56%	2.55%
Earnings before Tax (EBT) ¹	43.16	54.03	47.4	29.61	48.64	70.82	76.39	81.09
Net income ¹	33.06	39.74	37.14	17.71	36.38	46.56	51.71	54.38
Net margin	1.82%	1.43%	1.12%	0.46%	0.91%	1.15%	1.24%	1.27%
EPS ²	0.4010	0.4790	0.4450	0.1970	0.4020	0.4935	0.5490	0.5770
Free Cash Flow ¹	-28.3	-1.147	28.64	2.901	107.3	49.37	37.03	41.5
FCF margin	-1.56%	-0.04%	0.87%	0.08%	2.69%	1.22%	0.89%	0.97%
FCF Conversion (EBITDA)	-	-	23.96%	2.42%	74.51%	30.32%	22.09%	24.08%
FCF Conversion (Net income)	-	-	77.1%	16.38%	294.99%	106.04%	71.61%	76.31%
Dividend per Share ²	0.2140	0.2600	0.2970	0.2970	0.3200	0.3368	0.3542	0.3766
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	124	122	118
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.101 x	1.164 x	0.7075 x	1.765 x	0.9699 x	0.76 x	0.728 x	0.6841 x
Free Cash Flow ¹	-28.3	-1.15	28.6	2.9	107	49.4	37	41.5
ROE (net income / shareholders' equity)	18.3%	19.8%	14.4%	5.94%	12%	16.2%	16.7%	16.7%
ROA (Net income/ Total Assets)	-	-	-	-	-	4.05%	4.41%	4.63%
Assets ¹	-	-	-	-	-	1,149	1,173	1,175
Book Value Per Share ²	2.280	2.630	3.660	3.300	3.430	3.660	3.880	4.110
Cash Flow per Share ²	0.8500	1.110	1.030	0.6600	1.850	1.220	1.280	1.330
Capex ¹	98.6	92.8	57.4	56.8	59.6	69.3	78.5	69.7
Capex / Sales	5.43%	3.35%	1.74%	1.48%	1.49%	1.71%	1.89%	1.63%
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

9.06 GBP

Average target price

10.53 GBP

Spread / Average Target

+16.26%

	1st Jan change	Capi.
HILTON FOOD GROUP PLC	+13.09%	1.05B
NESTLÉ S.A.	-3.56%	275B
MONDELEZ INTERNATIONAL, INC.	-9.82%	87.62B
DANONE	+0.48%	41B
KRAFT HEINZ	-12.98%	39.08B
THE HERSHEY COMPANY	+0.19%	37.77B
GENERAL MILLS, INC.	-3.02%	35.26B
ARCHER-DANIELS-MIDLAND COMPANY	-11.04%	31.77B
NESTLÉ INDIA LIMITED	-2.21%	29.94B
ASSOCIATED BRITISH FOODS PLC	+4.77%	23.63B