WBAG:HBH

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HORNBACH Holding KGaA

Executive Summary

HORNBACH Holding AG & Co. KGaA, through its subsidiaries, operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has HORNBACH Holding KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HBH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.1%

HBH

3.0%

AT Specialty Retail

4.1%

AT Market


1 Year Return

44.4%

HBH

-11.1%

AT Specialty Retail

-19.3%

AT Market

Return vs Industry: HBH exceeded the Austrian Specialty Retail industry which returned -11.1% over the past year.

Return vs Market: HBH exceeded the Austrian Market which returned -19.3% over the past year.


Shareholder returns

HBHIndustryMarket
7 Day8.1%3.0%4.1%
30 Day13.5%-7.5%-4.2%
90 Day68.3%9.2%7.7%
1 Year44.4%44.4%-9.6%-11.1%-18.5%-19.3%
3 Yearn/a-21.7%-30.1%-12.4%-19.0%
5 Yearn/a-21.2%-33.1%17.4%2.8%

Price Volatility Vs. Market

How volatile is HORNBACH Holding KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is HORNBACH Holding KGaA undervalued compared to its fair value and its price relative to the market?

16.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HBH (€73.8) is trading below our estimate of fair value (€87.88)

Significantly Below Fair Value: HBH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HBH is good value based on its PE Ratio (7.7x) compared to the Specialty Retail industry average (13.2x).

PE vs Market: HBH is good value based on its PE Ratio (7.7x) compared to the Austrian market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: HBH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HBH is good value based on its PB Ratio (0.8x) compared to the XE Specialty Retail industry average (1.1x).


Next Steps

Future Growth

How is HORNBACH Holding KGaA forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBH's earnings are forecast to decline over the next 3 years (-4.3% per year).

Earnings vs Market: HBH's earnings are forecast to decline over the next 3 years (-4.3% per year).

High Growth Earnings: HBH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HBH's revenue (4.4% per year) is forecast to grow faster than the Austrian market (3.3% per year).

High Growth Revenue: HBH's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBH's Return on Equity is forecast to be low in 3 years time (7.8%).


Next Steps

Past Performance

How has HORNBACH Holding KGaA performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBH has high quality earnings.

Growing Profit Margin: HBH's current net profit margins (3%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: HBH's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: HBH's earnings growth over the past year (107.9%) exceeds its 5-year average (3.6% per year).

Earnings vs Industry: HBH earnings growth over the past year (107.9%) exceeded the Specialty Retail industry -4.6%.


Return on Equity

High ROE: HBH's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is HORNBACH Holding KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: HBH's short term assets (€1.7B) exceed its short term liabilities (€881.1M).

Long Term Liabilities: HBH's short term assets (€1.7B) exceed its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: HBH's debt to equity ratio (43.2%) is considered high.

Reducing Debt: HBH's debt to equity ratio has reduced from 46% to 43.2% over the past 5 years.

Debt Coverage: HBH's debt is well covered by operating cash flow (76.5%).

Interest Coverage: HBH's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Next Steps

Dividend

What is HORNBACH Holding KGaA current dividend yield, its reliability and sustainability?

2.05%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HBH's dividend (2.05%) is higher than the bottom 25% of dividend payers in the Austrian market (1.65%).

High Dividend: HBH's dividend (2.05%) is low compared to the top 25% of dividend payers in the Austrian market (4.94%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HBH has been paying a dividend for less than 10 years.

Growing Dividend: HBH has only been paying a dividend for 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.8%), HBH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HBH's dividends in 3 years are forecast to be well covered by earnings (23.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average board tenure


CEO

Albrecht Hornbach (64yo)

no data

Tenure

€1,037,000

Compensation

Mr. Albrecht Hornbach serves as the Chairman of the Management Board and Chief Executive Officer at Hornbach Management AG, the General Partner of Hornbach Holding AG & Co. KGaA. He serves as a Member of t ...


CEO Compensation Analysis

Compensation vs Market: Albrecht's total compensation ($USD1.17M) is about average for companies of similar size in the Austrian market ($USD1.64M).

Compensation vs Earnings: Albrecht's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
John Feldmann
Independent Chairman of the Supervisory Board2yrs€140.00kno data
Martin Hornbach
Vice Chairman of the Supervisory Board4.75yrs€84.00kno data
Susanne Wulfsberg
Member of the Supervisory Board7yrs€30.00k1.59% 18.8m
Jens Wulfsberg
Member of Supervisory Board of HORNBACH Management AGno data€20.00kno data
Georg Hornbach
Member of Supervisory Board of HORNBACH Management AGno data€20.00kno data
Simone Krah
Independent Member of the Supervisory Board2yrs€34.00kno data
Melanie Thomann-Bopp
Independent Member of the Supervisory Board2yrs€90.00kno data
Simona Scarpaleggia
Independent Member of the Supervisory Board0.33yrno datano data

2.0yrs

Average Tenure

53yo

Average Age

Experienced Board: HBH's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HORNBACH Holding AG & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HORNBACH Holding AG & Co. KGaA
  • Ticker: HBH
  • Exchange: WBAG
  • Founded: 1877
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Market Cap: €1.186b
  • Shares outstanding: 16.00m
  • Website: https://www.hornbach-holding.de/de/

Number of Employees


Location

  • HORNBACH Holding AG & Co. KGaA
  • Le Quartier Hornbach 19
  • Neustadt an der Weinstraße
  • Rhineland-Palatinate
  • 67433
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HBHDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2015
HBH3SWX (SIX Swiss Exchange)YesCommon StockCHCHFOct 2015
HBHXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 2015
HBHDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2015
HBBH.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2015
0RC9LSE (London Stock Exchange)YesCommon StockGBEUROct 2015
HBHWBAG (Wiener Boerse AG)YesCommon StockATEUROct 2015

Biography

HORNBACH Holding AG & Co. KGaA, through its subsidiaries, operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries. The company’s stores offer approximately 50,000 articles in various divisions, including hardware/electrical, paint/wallpaper/flooring, construction materials/timber/prefabricated components, sanitary/tiles, and garden. It also provides a range of construction materials and tools stocked and supply services, as well as professional advice for various product ranges and lines of trade, including shell construction and roofing; interior fittings and facades; and civil engineering, and garden and landscape construction materials for construction, conversion, or refurbishment projects. In addition, the company develops and rents retail real estate properties. As of February 29, 2020, it operated 160 DIY megastores, including 96 stores in Germany; and 14 stores in Austria, 15 stores in the Netherlands, 1 store in Luxembourg, 10 stores in the Czech Republic, 7 stores in Switzerland, 7 stores in Sweden, 7 stores in Slovakia, and 6 stores in Romania, as well as 34 builders’ merchant outlets in south-western Germany, and two locations in France. The company also operates HORNBACH online stores. HORNBACH Holding AG & Co. KGaA was founded in 1877 and is based in Neustadt an der Weinstraße, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 21:33
End of Day Share Price2020/07/07 00:00
Earnings2020/05/31
Annual Earnings2020/02/29


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.