Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.
Sterling AlmanacExploreStart hereFind your fitGlossaryCompareMy ListMy PieEarnings calendarSupport

Associated British Foods plc (ABF.L)

Consumer Defensive Balanced

Associated British Foods is a diverse British giant that owns the high-street fashion retailer Primark alongside a massive food and sugar business.

£20.87

Is Associated British Foods plc a good stock for a UK beginner?

The honest version: Associated British Foods is a diverse British giant that owns the high-street fashion retailer Primark alongside a massive food and sugar business.

No rating · no target price · nothing for sale here
Price-15.9%
52-week range-11% past year
£20.87
Low £17.29High £23.59
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Associated British Foods plc
£841-16%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£14.60B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
1.04M
Day range: The lowest and highest price the shares traded at during the latest day.
£20.68 – £21.33
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£17.29 – £23.59
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
15.7
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
3.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.80
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.80
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▼ -0% past week · ▼ -11% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Strong brand loyalty drives consistent long-term profit growth.

The bear case

Changing consumer tastes lead to a permanent decline in core segments.

What does Associated British Foods plc do?

This company operates in two distinct worlds: it sells affordable clothing through its popular Primark stores and produces essential food items like sugar, tea, and bread. Profits come from balancing the fast-paced retail world with the steady, reliable demand for groceries. Two things matter here: whether Primark keeps shoppers coming through the doors while the food division rides out fluctuating commodity prices.

VQGMI
Factor profile

On our factor screen it looks strongest on income and value, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 56Quality: How profitable and financially healthy the company is (higher = stronger). 43Growth: How fast revenue and earnings are growing (higher = faster). 27Momentum: How the share price has been trending recently (higher = stronger recent run). 51Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 60
Quick checks
What's strong
  • A balanced mix of essential food products and popular retail fashion.
  • Generally lower volatility compared to the wider market.
  • Established brands with a long history of consumer trust.
What to watch
  • Growth screens low (27/100)
  • Fluctuations in the price of raw ingredients like sugar and wheat.
  • Economic downturns reducing the amount of money people spend on clothes.
  • Supply chain disruptions affecting global operations.

What do Associated British Foods plc's numbers mean?

P/E
14.9
This shows how much you are paying for every pound of the company's annual profit; a lower number can sometimes suggest the market is cautious about future growth.
P/S
0.7
This compares the company's total market value to its yearly sales, helping you see how much the market is willing to pay for each pound of revenue generated.
Dividend yield
3.2%
This is the annual cash payout to shareholders as a percentage of the share price, representing a slice of the profits returned to investors.
Beta
0.8
This measures how much the share price tends to wobble compared to the wider stock market; a number below 1 suggests it is generally less jumpy than the average.

Does Associated British Foods plc pay a dividend?

Yes - Associated British Foods plc currently pays a dividend of about 3.0% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

More in Consumer Defensive

Altria GroupMcCormick & Company, IncorporatedThe Coca-Cola CompanyKenvue Inc.Philip Morris International Inc.Monster Beverage CorporationTarget CorporationPepsiCo, Inc.
Appears in
Everyday-essentials shares, explained

What are the scenarios for Associated British Foods plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£24£21£18today · £21▲ Bull · £22• Base · £21▼ Bear · £19in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +10%Primark sees a strong seasonal boost in sales.
Base
-2% to +2%Steady performance across both food and retail divisions.
Bear
-5% to -10%Rising costs squeeze profit margins in the food business.

What are the pros and cons of Associated British Foods plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • A balanced mix of essential food products and popular retail fashion.
  • Generally lower volatility compared to the wider market.
  • Established brands with a long history of consumer trust.
The catch3
  • Recent earnings growth has been negative.
  • Low profit margins mean there is little room for error when costs rise.
  • Retail is a highly competitive industry with changing trends.
Key risks3
  • Fluctuations in the price of raw ingredients like sugar and wheat.
  • Economic downturns reducing the amount of money people spend on clothes.
  • Supply chain disruptions affecting global operations.
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.