Associated British Foods Future Growth

Future criteria checks 1/6

Associated British Foods is forecast to grow earnings and revenue by 4.2% and 3.1% per annum respectively. EPS is expected to grow by 5.4% per annum. Return on equity is forecast to be 11.9% in 3 years.

Key information

4.2%

Earnings growth rate

5.4%

EPS growth rate

Food earnings growth	7.1%
Revenue growth rate	3.1%
Future return on equity	11.9%
Analyst coverage	Good
Last updated	31 Jan 2025

Recent future growth updates

The Associated British Foods plc (LON:ABF) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

Apr 26

Recent updates

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

Jan 06

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

Dec 06

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

Nov 21

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

Nov 08

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

Aug 12

Here's Why We Think Associated British Foods (LON:ABF) Might Deserve Your Attention Today

Jul 27

Is Now An Opportune Moment To Examine Associated British Foods plc (LON:ABF)?

Jul 12

These 4 Measures Indicate That Associated British Foods (LON:ABF) Is Using Debt Safely

May 27

Associated British Foods plc's (LON:ABF) Shareholders Might Be Looking For Exit

May 12

The Associated British Foods plc (LON:ABF) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

Apr 26

Associated British Foods (LON:ABF) Will Be Hoping To Turn Its Returns On Capital Around

Apr 17

Does Associated British Foods (LON:ABF) Deserve A Spot On Your Watchlist?

Apr 02

Associated British Foods plc (LON:ABF) Shares Could Be 49% Below Their Intrinsic Value Estimate

Mar 01

Earnings and Revenue Growth Forecasts

LSE:ABF - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2027	21,797	1,558	942	2,603	14
9/30/2026	21,040	1,459	849	2,544	17
9/30/2025	20,106	1,319	844	2,422	16
9/14/2024	20,073	1,455	1,690	2,874	N/A
6/14/2024	19,999	1,318	1,619	2,781	N/A
3/2/2024	19,924	1,180	1,547	2,687	N/A
12/2/2023	19,837	1,112	1,064	2,171	N/A
9/16/2023	19,750	1,044	581	1,654	N/A
6/16/2023	19,213	898	248	1,250	N/A
3/4/2023	18,675	751	-85	846	N/A
12/4/2022	17,836	726	150	1,000	N/A
9/17/2022	16,997	700	384	1,153	N/A
6/17/2022	16,225	746	985	1,698	N/A
3/16/2022	15,453	792	1,586	2,242	N/A
12/16/2021	14,669	635	1,186	1,828	N/A
9/18/2021	13,884	478	786	1,413	N/A
6/18/2021	13,244	439	498	1,097	N/A
2/27/2021	12,604	400	210	781	N/A
11/27/2020	13,271	428	671	1,267	N/A
9/12/2020	13,937	455	1,131	1,753	N/A
6/12/2020	14,938	581	1,039	1,707	N/A
2/29/2020	15,938	706	947	1,660	N/A
11/30/2019	15,881	792	860	1,585	N/A
9/14/2019	15,824	878	772	1,509	N/A
6/14/2019	15,754	897	729	1,528	N/A
3/2/2019	15,684	915	685	1,547	N/A
12/2/2018	15,629	961	624	1,489	N/A
9/15/2018	15,574	1,007	562	1,430	N/A
6/15/2018	15,529	1,025	N/A	1,376	N/A
3/3/2018	15,483	1,043	N/A	1,321	N/A
12/3/2017	15,420	1,121	N/A	1,481	N/A
9/16/2017	15,357	1,198	N/A	1,641	N/A
6/16/2017	14,968	1,149	N/A	1,615	N/A
3/4/2017	14,578	1,099	N/A	1,588	N/A
12/4/2016	13,989	959	N/A	1,449	N/A
9/17/2016	13,399	818	N/A	1,310	N/A
6/17/2016	13,034	779	N/A	1,331	N/A
2/27/2016	12,669	740	N/A	1,352	N/A
11/27/2015	12,735	634	N/A	1,264	N/A
9/12/2015	12,800	528	N/A	1,175	N/A
6/12/2015	12,893	546	N/A	1,148	N/A
2/28/2015	12,985	564	N/A	1,121	N/A
11/30/2014	12,964	663	N/A	1,280	N/A
9/13/2014	12,943	762	N/A	1,439	N/A
6/13/2014	13,066	692	N/A	1,437	N/A
3/1/2014	13,188	622	N/A	1,434	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABF's forecast earnings growth (4.2% per year) is above the savings rate (2.1%).

Earnings vs Market: ABF's earnings (4.2% per year) are forecast to grow slower than the UK market (14.8% per year).

High Growth Earnings: ABF's earnings are forecast to grow, but not significantly.

Revenue vs Market: ABF's revenue (3.1% per year) is forecast to grow slower than the UK market (3.6% per year).

High Growth Revenue: ABF's revenue (3.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ABF's Return on Equity is forecast to be low in 3 years time (11.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/01 23:52
End of Day Share Price	2025/01/31 00:00
Earnings	2024/09/14
Annual Earnings	2024/09/14

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Associated British Foods plc is covered by 43 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.

Analyst	Institution
Rebecca McClellan	Banco Santander
Nicolas Ceron	Barclays
Alexandra Oldroyd	Barclays

Associated British Foods Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 7.9% to UK£23.21

Price target decreased by 7.2% to UK£23.75

The Associated British Foods plc (LON:ABF) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

Price target increased by 7.5% to UK£20.99

Price target increased by 8.2% to UK£20.75

Price target decreased to UK£18.10

Recent updates

Price target decreased by 7.9% to UK£23.21

Price target decreased by 7.2% to UK£23.75

Associated British Foods plc to Report First Half, 2025 Results on Apr 29, 2025

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

Now 20% undervalued

Associated British Foods plc Announces Stepping Down of Richard Reid as Non-Executive Director, Effective 30 April 2025

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

Upcoming dividend of UK£0.69 per share

CEO & Executive Director recently sold UK£1.2m worth of stock

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

Final dividend of UK£0.69 announced

Now 20% undervalued after recent price drop

Associated British Foods plc, Annual General Meeting, Dec 06, 2024

Full year 2024 earnings released: EPS: UK£1.94 (vs UK£1.34 in FY 2023)

Associated British Foods plc Announces Special Dividend, Payable on January 10, 2025

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

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

Associated British Foods plc Appoints Loraine Woodhouse as Non-Executive Director, Effective 1 October 2024

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)

Here's Why We Think Associated British Foods (LON:ABF) Might Deserve Your Attention Today

Is Now An Opportune Moment To Examine Associated British Foods plc (LON:ABF)?

These 4 Measures Indicate That Associated British Foods (LON:ABF) Is Using Debt Safely

Upcoming dividend of UK£0.21 per share

Associated British Foods plc's (LON:ABF) Shareholders Might Be Looking For Exit

The Associated British Foods plc (LON:ABF) Half-Yearly Results Are Out And Analysts Have Published New Forecasts

First half 2024 earnings released: EPS: UK£0.88 (vs UK£0.67 in 1H 2023)

Investor sentiment improves as stock rises 15%

Associated British Foods plc to Report Fiscal Year 2024 Results on Nov 05, 2024

Associated British Foods (LON:ABF) Will Be Hoping To Turn Its Returns On Capital Around

Does Associated British Foods (LON:ABF) Deserve A Spot On Your Watchlist?

Associated British Foods plc (LON:ABF) Shares Could Be 49% Below Their Intrinsic Value Estimate

Associated British Foods plc to Report First Half, 2024 Results on Apr 23, 2024

Associated British Foods plc to Report Q1, 2024 Results on Jan 23, 2024

Associated British Foods plc Announces Stepdown of Wolfhart Hauser as Non-Executive Director, Effective 18 January 2024

Upcoming dividend of UK£0.46 per share at 2.0% yield

Associated British Foods plc (LSE:ABF) announces an Equity Buyback for £500 million worth of its shares.

Full year 2023 earnings released: EPS: UK£1.34 (vs UK£0.89 in FY 2022)

Associated British Foods plc Announces Special Dividend Payable on 12 January 2024

Associated British Foods plc Appoints Kumsal Bayazit as Non-Executive Director

Associated British Foods plc Announces Ruth Cairnie Steps Down from the Board, Effective 31 August 2023

Associated British Foods plc Appoints Annie Murphy as A Non-Executive Director of the Company with Effect from 6 September 2023

Upcoming dividend of UK£0.14 per share at 2.4% yield

Now 21% undervalued after recent price drop

Insufficient new directors

First half 2023 earnings released: EPS: UK£0.67 (vs UK£0.60 in 1H 2022)

Price target increased by 7.5% to UK£20.99

Price target increased by 8.2% to UK£20.75

Upcoming dividend of UK£0.30 per share

Associated British Foods plc Announces Directorate Change

Full year 2022 earnings released: EPS: UK£0.89 (vs UK£0.60 in FY 2021)

Associated British Foods plc (LSE:ABF) announces an Equity Buyback for £500 million worth of its shares.

Associated British Foods plc Proposes Final Dividend, Payable on 13 January 2023

Price target decreased to UK£18.10

Associated British Foods plc Provides Revenue Guidance for the Fiscal Year of 2023

Associated British Foods plc, Annual General Meeting, Dec 08, 2023

Associated British Foods plc Announces Board Changes

Upcoming dividend of UK£0.14 per share

Independent Non-Executive Director recently bought UK£62k worth of stock

First half 2022 earnings: EPS misses analyst expectations

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake