ABF logo

Associated British Foods plcLSE:ABF Stock Report

Market Cap UK£15.5b
Share Price
UK£21.78
My Fair Value
AN
AnalystConsensusTarget
UK£22
2.3% undervalued intrinsic discount
1Y-11.6%
7D-2.6%
Portfolio Value
​
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Associated British Foods plc

LSE:ABF Stock Report

Market Cap: UK£15.5b

Associated British Foods (ABF) Stock Overview

Operates as a diversified food, ingredients, and retail company worldwide. More details

ABF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 13.8% below our estimate of its fair value

Earnings are forecast to grow 7.93% per year

Earnings grew by 11.3% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record


ABF Community Fair Values

Create Narrative

See what 77 others think this stock is worth. Follow their fair value or set your own to get alerts.

ABF logo
Associated British Foods
AN
AnalystConsensusTarget
AnalystConsensusTarget
Consensus Narrative from 17 Analysts

Primark's Expansion And Click & Collect Will Attract Future Customers

Key Takeaways Primark's expansion and digital initiatives are poised to boost revenue and customer engagement across key markets. Strategic sustainability and efficient capital allocation hint at enhanced financial returns and strong shareholder value through dividends.
View narrative
UK£22.30
FV
2.3% undervalued intrinsic discount
2.97%
Revenue growth p.a.
1users have liked this narrative
1users have commented on this narrative
53users have followed this narrative
3 days ago author updated this narrative
ABF logo
Associated British Foods
AN
AnalystLowTarget
AnalystLowTarget
Consensus Narrative from 17 Analysts

US Tariffs And Cost Pressures Will Squeeze Margins

Key Takeaways Heightened regulatory and input cost pressures, along with slow digital adoption, threaten group margins and risk undermining future revenue growth and profitability. Shifting consumer preferences and underperformance in key segments could erode market share, dilute returns on capital, and stagnate or reduce group earnings.
View narrative
UK£17.50
FV
24.5% overvalued intrinsic discount
1.98%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
11 days ago author updated this narrative
ABF logo
Associated British Foods
AN
AnalystHighTarget
AnalystHighTarget
Consensus Narrative from 17 Analysts

Emerging Markets And Urbanization Will Transform Retail And Food

Key Takeaways Rapid expansion and operational innovation at Primark and in emerging markets could drive significant sales and margin gains beyond current expectations. Strategic restructuring, product mix shifts, and investments in higher-growth sectors strongly position the company for outsized profitability and shareholder returns.
View narrative
UK£28.82
FV
24.4% undervalued intrinsic discount
4.39%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
11 days ago author updated this narrative
View Stock Community

Associated British Foods plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Associated British Foods
Historical stock prices
Current Share PriceUK£21.78
52 Week HighUK£25.27
52 Week LowUK£18.19
Beta1.19
1 Month Change5.83%
3 Month Change6.24%
1 Year Change-11.61%
3 Year Change32.40%
5 Year Change15.61%
Change since IPO4,358.73%

Recent News & Updates

At UK£22.22, Is It Time To Put Associated British Foods plc (LON:ABF) On Your Watch List?

Jul 30
At UK£22.22, Is It Time To Put Associated British Foods plc (LON:ABF) On Your Watch List?

Investors Don't See Light At End Of Associated British Foods plc's (LON:ABF) Tunnel

Jul 15
Investors Don't See Light At End Of Associated British Foods plc's (LON:ABF) Tunnel

Should You Be Adding Associated British Foods (LON:ABF) To Your Watchlist Today?

Jul 01
Should You Be Adding Associated British Foods (LON:ABF) To Your Watchlist Today?

Associated British Foods (LON:ABF) Is Paying Out A Dividend Of £0.207

May 23
Associated British Foods (LON:ABF) Is Paying Out A Dividend Of £0.207

Recent updates

At UK£22.22, Is It Time To Put Associated British Foods plc (LON:ABF) On Your Watch List?

Jul 30
At UK£22.22, Is It Time To Put Associated British Foods plc (LON:ABF) On Your Watch List?

Investors Don't See Light At End Of Associated British Foods plc's (LON:ABF) Tunnel

Jul 15
Investors Don't See Light At End Of Associated British Foods plc's (LON:ABF) Tunnel

Should You Be Adding Associated British Foods (LON:ABF) To Your Watchlist Today?

Jul 01
Should You Be Adding Associated British Foods (LON:ABF) To Your Watchlist Today?

Associated British Foods (LON:ABF) Is Paying Out A Dividend Of £0.207

May 23
Associated British Foods (LON:ABF) Is Paying Out A Dividend Of £0.207

Associated British Foods (LON:ABF) Will Pay A Dividend Of £0.207

May 04
Associated British Foods (LON:ABF) Will Pay A Dividend Of £0.207

Analysts Are Updating Their Associated British Foods plc (LON:ABF) Estimates After Its Interim Results

May 01
Analysts Are Updating Their Associated British Foods plc (LON:ABF) Estimates After Its Interim Results

If EPS Growth Is Important To You, Associated British Foods (LON:ABF) Presents An Opportunity

Mar 28
If EPS Growth Is Important To You, Associated British Foods (LON:ABF) Presents An Opportunity

Should You Think About Buying Associated British Foods plc (LON:ABF) Now?

Mar 07
Should You Think About Buying Associated British Foods plc (LON:ABF) Now?

Is There An Opportunity With Associated British Foods plc's (LON:ABF) 20% Undervaluation?

Feb 22
Is There An Opportunity With Associated British Foods plc's (LON:ABF) 20% Undervaluation?

Here's What To Make Of Associated British Foods' (LON:ABF) Decelerating Rates Of Return

Jan 06
Here's What To Make Of Associated British Foods' (LON:ABF) Decelerating Rates Of Return

Associated British Foods plc's (LON:ABF) Low P/E No Reason For Excitement

Dec 06
Associated British Foods plc's (LON:ABF) Low P/E No Reason For Excitement

Associated British Foods (LON:ABF) Has A Pretty Healthy Balance Sheet

Nov 21
Associated British Foods (LON:ABF) Has A Pretty Healthy Balance Sheet

Associated British Foods (LON:ABF) Is Paying Out A Larger Dividend Than Last Year

Nov 08
Associated British Foods (LON:ABF) Is Paying Out A Larger Dividend Than Last Year
author-image

ABF's Decisive Investments And Primark's US Expansion Project Strong Revenue Growth

Primark's expansion and digital initiatives are poised to boost revenue and customer engagement across key markets.

Is It Too Late To Consider Buying Associated British Foods plc (LON:ABF)?

Nov 01
Is It Too Late To Consider Buying Associated British Foods plc (LON:ABF)?

Calculating The Intrinsic Value Of Associated British Foods plc (LON:ABF)

Oct 10
Calculating The Intrinsic Value Of Associated British Foods plc (LON:ABF)

Returns On Capital At Associated British Foods (LON:ABF) Have Stalled

Aug 27
Returns On Capital At Associated British Foods (LON:ABF) Have Stalled

Risks To Shareholder Returns Are Elevated At These Prices For Associated British Foods plc (LON:ABF)

Aug 12
Risks To Shareholder Returns Are Elevated At These Prices For Associated British Foods plc (LON:ABF)

Shareholder Returns

ABFGB FoodGB Market
7D-2.6%-2.0%-2.5%
1Y-11.6%-3.0%12.4%

Return vs Industry: ABF underperformed the UK Food industry which returned -3.5% over the past year.

Return vs Market: ABF underperformed the UK Market which returned 7.7% over the past year.

Price Volatility

Is ABF's price volatile compared to industry and market?
ABF volatility
ABF Average Weekly Movement2.8%
Food Industry Average Movement3.9%
Market Average Movement5.0%
10% most volatile stocks in GB Market11.2%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ABF has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: ABF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1934138,000George Westonwww.abf.co.uk

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Retail, Grocery, Ingredients, Sugar, and Agriculture. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women’s, men’s, and kids wear, as well as beauty, homeware, and accessories.

Associated British Foods plc Fundamentals Summary

How do Associated British Foods's earnings and revenue compare to its market cap?
ABF fundamental statistics
Market capUK£15.54b
Earnings (TTM)UK£1.31b
Revenue (TTM)UK£19.85b
11.8x
P/E Ratio
0.8x
P/S Ratio

Is ABF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ABF income statement (TTM)
RevenueUK£19.85b
Cost of RevenueUK£18.13b
Gross ProfitUK£1.72b
Other ExpensesUK£409.00m
EarningsUK£1.31b

Last Reported Earnings

Mar 01, 2025

Next Earnings Date

Nov 04, 2025

Earnings per share (EPS)1.84
Gross Margin8.67%
Net Profit Margin6.61%
Debt/Equity Ratio5.6%

How did ABF perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
35%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/01 08:37
End of Day Share Price 2025/08/01 00:00
Earnings2025/03/01
Annual Earnings2024/09/14

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Associated British Foods plc is covered by 46 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rebecca McClellanBanco Santander
Alejandro Conde FraisoliBanco Santander
Nicolas CeronBarclays