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Associated British Foods PLC ABF Stock Quote

| Rating as of

XLON:ABF

Morningstar‘s Stock Analysis ABF

Valuation
Currency in GBX
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

ABF Well Positioned to Weather Downturn Despite Temporary Profitability Headwinds

Diana Radu, CFA Equity Analyst

Business Strategy and Outlook

| Diana Radu, CFA |

Although we think that Associated British Foods', or ABF's, mass-apparel retail division– Primark–should deliver consistent growth through its expansion over the short term, supported by a reliable performance from the remaining largely commodified food divisions, we believe that the company’s potential will be limited over the long term by intense competition and a lack of differentiation, leading to our no-moat rating.

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Key Statistics ABF

Company Profile ABF

Business Description

Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

Contact
10 Grosvenor Street, Weston Centre
London, W1K 4QY, United Kingdom
T +44 2073996500
Industry Packaged Foods
Most Recent Earnings
Fiscal Year End Sep 16, 2023
Employees 132,273