H&R GmbH KGaA (ETR:2HRA) Takes On Some Risk With Its Use Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Has the German Chemicals Industry valuation changed over the past few years?
|Tue, 30 Nov 2021||€115.7b||€127.9b||€10.8b||11.9x|
|Thu, 28 Oct 2021||€123.1b||€118.2b||€3.7b||19.5x|
|Sat, 25 Sep 2021||€122.3b||€118.2b||€3.7b||19.4x|
|Mon, 23 Aug 2021||€123.7b||€118.5b||€3.7b||18.2x|
|Sat, 10 Jul 2021||€122.9b||€118.5b||€3.7b||17.2x|
|Fri, 02 Apr 2021||€124.3b||€107.5b||€906.1m||16.1x|
|Mon, 04 Jan 2021||€116.4b||€103.8b||-€751,946,732.00||21.2x|
|Thu, 08 Oct 2020||€97.8b||€101.7b||-€2,437,530,946.00||16.7x|
|Wed, 01 Jul 2020||€90.7b||€103.7b||€2.5b||20.2x|
|Sat, 04 Apr 2020||€76.9b||€108.0b||€3.4b||13.4x|
|Tue, 07 Jan 2020||€113.0b||€108.0b||€4.0b||20.5x|
|Mon, 30 Sep 2019||€106.5b||€108.3b||€4.6b||19.2x|
|Thu, 04 Jul 2019||€107.7b||€109.9b||€5.1b||18.8x|
|Sun, 07 Apr 2019||€109.2b||€112.0b||€6.6b||17.3x|
|Wed, 09 Jan 2019||€98.5b||€112.5b||€7.5b||16.5x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 18.3x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 5.4% per year over the last three years, and revenues for these companies have grown 3.6% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the German Chemicals industry?
|Fertilizers and Agricultural Chemicals||-3.24%|
Industry PE: Investors are most optimistic about the Commodity Chemicals industry, which is trading close to its 3-year average PE ratio of 17.0x. However analysts are expecting annual earnings growth of 10%, which is lower than the prior year's growth of 67% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 43.2x.
Forecasted Growth: Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 10% over the next 5 years. However this is lower than its past earnings growth rate of 67% per year. Meanwhile, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 78% per year over the next few years.
H&R GmbH KGaA