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Associated British Foods plc ABF.L · Stock Open Associated British Foods plc in new tab

1834.00 GBX
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P/E
13.79
EPS
1.33
Yield
3.40%
Safety Score
92
P/B
1.14
ROE
8.45
Beta
0.81
Target Price
1798.82 GBX
Associated British Foods plc logo

Associated British Foods plc

🧾 Earnings Recap – Q2 2026

ABF's interim results reflect an 18% decline in adjusted operating profit amid challenging trading conditions, with strategic focus intensifying on the upcoming demerger of Primark and Food divisions to unlock long-term value.

  • Primark remains a global disruptor with strong brand equity, sustainable sourcing, and scalable international expansion plans; management emphasizes enhanced governance post-demerger.
  • Food segment exhibits resilience, driven by differentiated operations, strong brands, and an agile, devolved decision-making model aligned with evolving consumer demand.
  • Group adjusted EPS declined 15%, primarily due to market pressures; share buybacks provided some offset.
  • The demerger of Primark is scheduled for late 2027, with management confident that distinct oversight will support strategic growth for both entities.
  • Overall, the company maintains a solid balance sheet and disciplined capital allocation, reinforcing its long-term growth outlook despite near-term headwinds.
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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateNov. 3, 2026
P/E13.79
EPS1.33
Book Value16.14
Price to Book1.14
Debt/Equity32.18
% Insiders60.559%
Growth
Revenue Growth0.00%
Earnings Growth-0.12%
Estimates
Forward P/E12.41
Forward EPS1.48
Target Mean Price1798.82
Dividend
Dividend Yield3.40%
Annual dividends0.63 GBX
Ex-Div. DateMay 28, 2026
Payout47.27%
5y avg Yield2.37%

DCF Valuation

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Currency: GBX
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DCF Result
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Associated British Foods plc Logo Associated British Foods plc Analysis (ABF.L)

United Kingdom Consumer Staples Official Website Stock

Is Associated British Foods plc a good investment? Associated British Foods plc (ABF.L) is currently trading at 1834.00 GBX. Market analysts have a consensus price target of 1798.82 GBX. This suggests the asset is currently trading above analyst expectations.

In terms of valuation, the stock trades at a P/E ratio of 13.79. This relatively low multiple may signal that Associated British Foods plc is undervalued compared to historical market norms.

Earnings Schedule: Associated British Foods plc is expected to release its next earnings report on Nov. 3, 2026. The market consensus estimate for Forward EPS is 1.48.

For income investors, Associated British Foods plc pays a dividend yield of 3.40%. With a payout ratio of 47%, the dividend appears sustainable.

Investor FAQ

Does Associated British Foods plc pay a dividend?

Yes, it pays an annual dividend of 0.63 GBX (3.40% yield).

What asset class is Associated British Foods plc?

Associated British Foods plc is classified as a Stock. You can compare it against 4 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Nov. 3, 2026. The company currently has a trailing EPS of 1.33.

Company Profile

Associated British Foods plc engages in the food, ingredients, and retail businesses 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 kidswear, as well as beauty, homeware, and accessories. The Grocery segment manufactures grocery products, including hot beverages, sugar, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic food and meat products to retail, wholesale, and foodservice businesses. The Ingredients segment manufactures yeast and bakery ingredients, specialty ingredients focused on enzymes, procession extracts, health and nutrition, and pharmaceutical delivery systems. The Sugar segment is involved in growing and processing sugar beet and sugar cane. The Agriculture segment manufactures specialty feed ingredients, premix, and compound animal feed; and other products and services for the agriculture sector. The company was incorporated in 1934 and is headquartered in London, the United Kingdom. Associated British Foods plc operates as a subsidiary of Wittington Investments Limited.

Exchange Ticker
FRA (Germany) AFO1.F
STU (Germany) AFO1.SG
LSE (United Kingdom) ABF.L
PNK (United States) ASBFF
Trades
Dividend Yield
3.40%
5y avg 2.37%
Annual Dividends
0.63GBX
Next Ex. Div Date
May 28, 2026
Payout Ratio
47.27%
Dividend History paid per year (GBX)
Historical Dividends
Year Total Dividends
▸2027
83.35 GBX
July 9, 2027 (estimated) 32.5165
Jan. 8, 2027 (estimated) 50.8339
▸2026
63.00 GBX
July 3, 2026 20.7000
Jan. 9, 2026 42.3000
▸2025
90.00 GBX
July 4, 2025 20.7000
Jan. 10, 2025 69.3000
▸2024
66.50 GBX
July 5, 2024 20.7000
Jan. 12, 2024 45.8000
▸2023
44.10 GBX
July 7, 2023 14.2000
Jan. 13, 2023 29.9000
▸2022
48.10 GBX
July 8, 2022 13.8000
Jan. 14, 2022 34.3000
▸2021
6.20 GBX
July 9, 2021 6.2000
▸2020
34.30 GBX
Jan. 10, 2020 34.3000
▸2019
45.35 GBX
July 5, 2019 12.0500
Jan. 11, 2019 33.3000
▸2018
41.35 GBX
July 6, 2018 11.7000
Jan. 12, 2018 29.6500
▸2017
37.80 GBX
July 7, 2017 11.3500
Jan. 13, 2017 26.4500
▸2016
35.30 GBX
July 1, 2016 10.3000
Jan. 8, 2016 25.0000
▸2015
34.30 GBX
July 3, 2015 10.0000
Jan. 9, 2015 24.3000
▸2014
32.35 GBX
July 4, 2014 9.7000
Jan. 10, 2014 22.6500
▸2013
30.39 GBX
July 5, 2013 10.3889
Jan. 11, 2013 20.0000
▸2012
25.35 GBX
July 6, 2012 8.5000
Jan. 13, 2012 16.8500
▸2011
24.10 GBX
July 8, 2011 7.9000
Jan. 14, 2011 16.2000
▸2010
21.70 GBX
July 2, 2010 7.6000
Jan. 8, 2010 14.1000
▸2009
20.40 GBX
July 3, 2009 6.9000
Jan. 9, 2009 13.5000
▸2008
19.75 GBX
July 3, 2008 6.7500
Jan. 11, 2008 13.0000
▸2007
19.00 GBX
July 2, 2007 6.5000
Jan. 12, 2007 12.5000
▸2006
18.25 GBX
July 3, 2006 6.2500
Jan. 13, 2006 12.0000
▸2005
6.00 GBX
June 1, 2005 6.0000
▸2004
26.25 GBX
Dec. 1, 2004 11.1500
Aug. 31, 2004 5.2500
Feb. 18, 2004 9.8500
▸2003
13.75 GBX
Aug. 29, 2003 4.7500
Feb. 18, 2003 9.0000
▸2002
11.80 GBX
Aug. 30, 2002 4.2500
Feb. 18, 2002 7.5500
▸2001
11.25 GBX
Aug. 1, 2001 4.2500
Feb. 19, 2001 7.0000
▸2000
10.75 GBX
Sept. 1, 2000 4.2500
Feb. 21, 2000 6.5000
▸1999
60.50 GBX
Sept. 1, 1999 4.2500
May 14, 1999 50.0000
March 1, 1999 6.2500
▸1998
10.00 GBX
Sept. 1, 1998 4.2500
Feb. 23, 1998 5.7500
▸1997
9.50 GBX
Sept. 9, 1997 4.2500
March 3, 1997 5.2500
▸1996
8.75 GBX
Sept. 2, 1996 4.2500
March 1, 1996 4.5000
▸1995
9.09 GBX
Sept. 1, 1995 4.8295
March 2, 1995 4.2614
▸1994
15.00 GBX
Oct. 14, 1994 8.4999
March 3, 1994 6.5000
▸1993
14.00 GBX
Sept. 1, 1993 8.5000
March 4, 1993 5.5000
Upcoming Dividends
Name Payment Date Status Amount
Associated British Foods plc Jul 03, 2026 20.7 GBX
Associated British Foods plc Jan 09, 2026 42.3 GBX
Stock Splits
Split Date Split Ratio to 1
Dec. 14, 1995 2:1
May 10, 1999 0.88
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