{"id":1069,"date":"2011-03-10T08:58:32","date_gmt":"2011-03-10T13:58:32","guid":{"rendered":"https:\/\/www.thedividendpig.com\/?p=1069"},"modified":"2011-03-10T08:58:32","modified_gmt":"2011-03-10T13:58:32","slug":"confectioners-industry-comparison","status":"publish","type":"post","link":"https:\/\/www.thedividendpig.com\/confectioners-industry-comparison\/","title":{"rendered":"Confectioners Industry Comparison"},"content":{"rendered":"<p>This past month I took a look at the <strong>Confectioners<\/strong> Industry, including candy giants Hershey, Tootsie Roll, Nestle, and a micro-cap chocolate maker, Rocky Mountain Chocolate Factory.  This table highlights the important metrics of each company, for easy comparison. <\/p>\n<p><!--more--><\/p>\n<p>If you missed any of the analysis posts, check them out <\/p>\n<p><a href=\"https:\/\/www.thedividendpig.com\/?p=758\">Hershey Company<\/a><\/p>\n<p><a href=\"https:\/\/www.thedividendpig.com\/?p=834\">Tootsie Roll Industries<\/a><\/p>\n<p><a href=\"https:\/\/www.thedividendpig.com\/?p=953\">Nestle<\/a><\/p>\n<p><a href=\"https:\/\/www.thedividendpig.com\/?p=1006\">Rocky Mountain Chocolate Factory<\/a><\/p>\n<p>*Unless otherwise stated, all growth rates and averages are based on a 10 year history<\/p>\n<table class=\"gridtable\">\n<tbody>\n<tr>\n<th><\/th>\n<th>Hershey (HSY)<\/th>\n<th>Tootsie Roll (TR)<\/th>\n<th>Nestle (NSRGY.PK)<\/th>\n<th>Rocky Mountain Chocolate Factory (RMCF)<\/th>\n<\/tr>\n<tr>\n<td>Revenue Growth<\/td>\n<td>3.5%<\/td>\n<td>1.7%<\/td>\n<td>2.9%<\/td>\n<td>2.6%<\/td>\n<\/tr>\n<tr>\n<td>Avg. Gross Margin<\/td>\n<td>37.7%<\/td>\n<td>40.4%<\/td>\n<td>57.6%<\/td>\n<td>49.8%<\/td>\n<\/tr>\n<tr>\n<td>Operating Margins<\/td>\n<td>15.4%<\/td>\n<td>19.9%<\/td>\n<td>13.3%<\/td>\n<td>19.1%<\/td>\n<\/tr>\n<tr>\n<td>Net Margin<\/td>\n<td>8.8%<\/td>\n<td>14.1%<\/td>\n<td>13.3%<\/td>\n<td>11.7%<\/td>\n<\/tr>\n<tr>\n<td>Dividend Growth<\/td>\n<td>9.1%<\/td>\n<td>3.2%<\/td>\n<td>12.4%<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<tr>\n<td>EPS Growth<\/td>\n<td>13.1%<\/td>\n<td>(4.8)%<\/td>\n<td>21.5%<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<tr>\n<td>FCF Growth<\/td>\n<td>N\/A<\/td>\n<td>(2.5%)<\/td>\n<td>6.7%<\/td>\n<td>10.3%<\/td>\n<\/tr>\n<tr>\n<td>Payout Ratio<\/td>\n<td>58%<\/td>\n<td>24%<\/td>\n<td>18%<\/td>\n<td>69%<\/td>\n<\/tr>\n<tr>\n<td>Cash Payout Ratio<\/td>\n<td>N\/A<\/td>\n<td>33%<\/td>\n<td>74.1%<\/td>\n<td>49.3%<\/td>\n<\/tr>\n<tr>\n<td>Current Ratio<\/td>\n<td>1.5<\/td>\n<td>3.8<\/td>\n<td>1.3<\/td>\n<td>3.7<\/td>\n<\/tr>\n<tr>\n<td>Total Debt \/ Equity<\/td>\n<td>2<\/td>\n<td>.01<\/td>\n<td>.32<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>Avg. Return on Equity<\/td>\n<td>43.9%<\/td>\n<td>11.3%<\/td>\n<td>24.9%<\/td>\n<td>25.7%<\/td>\n<\/tr>\n<tr>\n<td>Avg. Cash Return on Capital<\/td>\n<td>16.5%<\/td>\n<td>10%<\/td>\n<td>16.1%<\/td>\n<td>27.5%<\/td>\n<\/tr>\n<tr>\n<td>5 Year Avg. Low p\/e<\/td>\n<td>23.5<\/td>\n<td>23<\/td>\n<td>16.5<\/td>\n<td>12.1<\/td>\n<\/tr>\n<tr>\n<td>Current p\/e (ttm)<\/td>\n<td>22.9<\/td>\n<td>29.7<\/td>\n<td>5.6<\/td>\n<td>17.7<\/td>\n<\/tr>\n<tr>\n<td>Current p\/e (forward)<\/td>\n<td>18.2<\/td>\n<td>29.7<\/td>\n<td>15.9<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/br><br \/>\nIt seems there are better businesses out there than candy makers.  Nestle is the strongest company of the group, and if I had to choose one, this would be it.  But as I stated in my analysis, my inadequate knowledge of investing in a foreign dividend paying company will keep me on the sidelines.  Plus, there are better businesses here at home.  <\/p>\n<p>Rocky Mountain Chocolate Factory did catch my eye, and will stay on my watchlist for the next few years.  If they can accelerate growth and maintain a generous dividend policy, I might add a small position.<\/p>\n<p>Full Disclosure: I have no position in the stocks mentioned.  My Current Portfolio Holdings can be seen <a href=\"https:\/\/www.thedividendpig.com\/?page_id=30\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This past month I took a look at the Confectioners Industry, including candy giants Hershey, Tootsie Roll, Nestle, and a micro-cap chocolate maker, Rocky Mountain Chocolate Factory. This table highlights the important metrics of each company, for easy comparison.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amp_status":""},"categories":[8],"tags":[44],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.7 (Yoast SEO v19.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Confectioners Industry Comparison - The Dividend Pig<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thedividendpig.com\/confectioners-industry-comparison\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Confectioners Industry Comparison\" \/>\n<meta property=\"og:description\" content=\"This past month I took a look at the Confectioners Industry, including candy giants Hershey, Tootsie Roll, Nestle, and a micro-cap chocolate maker, Rocky Mountain Chocolate Factory. 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