Dr. Hönle AG operates in the UV market worldwide.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Dr. Hönle's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HNL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HNL underperformed the German Electrical industry which returned -6.8% over the past year.
Return vs Market: HNL underperformed the German Market which returned -17.7% over the past year.
Price Volatility Vs. Market
How volatile is Dr. Hönle's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Does Dr. Hönle's (ETR:HNL) P/E Compare To Its Industry, After The Share Price Drop?
2 weeks ago | Simply Wall StDoes Dr. Hönle (ETR:HNL) Have A Healthy Balance Sheet?
1 month ago | Simply Wall StDo You Know What Dr. Hönle AG's (ETR:HNL) P/E Ratio Means?
Is Dr. Hönle undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HNL (€26.55) is trading above our estimate of fair value (€16.33)
Significantly Below Fair Value: HNL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HNL is good value based on its PE Ratio (14x) compared to the Electrical industry average (24x).
PE vs Market: HNL is good value based on its PE Ratio (14x) compared to the German market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: HNL is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: HNL is overvalued based on its PB Ratio (1.6x) compared to the DE Electrical industry average (1.5x).
How is Dr. Hönle forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNL's forecast earnings growth (33.5% per year) is above the savings rate (-0.4%).
Earnings vs Market: HNL's earnings (33.5% per year) are forecast to grow faster than the German market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HNL's revenue (10.5% per year) is forecast to grow faster than the German market (4.1% per year).
High Growth Revenue: HNL's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HNL's Return on Equity is forecast to be high in 3 years time
How has Dr. Hönle performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNL has a high level of non-cash earnings.
Growing Profit Margin: HNL's current net profit margins (10.1%) are lower than last year (16.6%).
Past Earnings Growth Analysis
Earnings Trend: HNL's earnings have grown by 17.5% per year over the past 5 years.
Accelerating Growth: HNL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HNL had negative earnings growth (-50.6%) over the past year, making it difficult to compare to the Electrical industry average (17.2%).
Return on Equity
High ROE: HNL's Return on Equity (11.1%) is considered low.
How is Dr. Hönle's financial position?
Financial Position Analysis
Short Term Liabilities: HNL's short term assets (€72.9M) exceed its short term liabilities (€25.9M).
Long Term Liabilities: HNL's short term assets (€72.9M) exceed its long term liabilities (€37.2M).
Debt to Equity History and Analysis
Debt Level: HNL's debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: HNL's debt to equity ratio has increased from 25.8% to 28.3% over the past 5 years.
Debt Coverage: HNL's debt is well covered by operating cash flow (49.2%).
Interest Coverage: HNL's interest payments on its debt are well covered by EBIT (180.7x coverage).
Inventory Level: HNL has a high level of physical assets or inventory.
Debt Coverage by Assets: HNL's debt is covered by short term assets (assets are 2.8x debt).
What is Dr. Hönle's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HNL's dividend (3.01%) is higher than the bottom 25% of dividend payers in the German market (1.7%).
High Dividend: HNL's dividend (3.01%) is low compared to the top 25% of dividend payers in the German market (4.97%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HNL has been paying a dividend for less than 10 years.
Growing Dividend: HNL's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.2%), HNL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dr. Hönle has no CEO, or we have no data on them.
|Chairman of Supervisory Board||5yrs||no data||no data|
|Vice Chairman of Supervisory Board||5yrs||no data||no data|
|Member of Supervisory Board||5yrs||no data||no data|
Experienced Board: HNL's board of directors are considered experienced (5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dr. Hönle AG's company bio, employee growth, exchange listings and data sources
- Name: Dr. Hönle AG
- Ticker: HNL
- Exchange: XTRA
- Founded: 1976
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: €146.340m
- Shares outstanding: 5.51m
- Website: https://www.hoenle.de
Number of Employees
- Dr. Hönle AG
- Lochhamer Schlag 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HNL||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jan 2001|
|HNL||XTRA (XETRA Trading Platform)||Yes||Bearer Shares||DE||EUR||Jan 2001|
|0O27||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||EUR||Jan 2001|
|DRHN.F||OTCPK (Pink Sheets LLC)||Yes||Bearer Shares||US||USD||Jan 2001|
|HNLd||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Jan 2001|
Dr. Hönle AG operates in the UV market worldwide. It operates through three segments: Equipment & Systems, Glass & Lamps, and Adhesives. The Equipment & Systems segment offers UV equipment and systems, LED-UV units, IR units, inert systems, disinfection systems, solar simulation systems and light fixtures, lighting systems, UV measuring technology products, UV-adhesives, and components and replacement parts. This segment also provides hot air systems, and powder spraying and extraction systems for sheet-fed offset printing; UV dryers for Web printing; UV systems with nitrogen inertisation; and drying systems. Its products are used for drying inks and coatings, curing adhesives and plastics, disinfecting surfaces, and sunlight simulation. The Glass & Lamps segment offers UV low and medium pressure lamps; infrared emitters; electronic power supplies; UV sensors and measuring technology products; UV measuring devices; and submersible and immersion tube systems, as well as accessories. This segment also provides UV bulbs; and quartz glass tubing and rods for the lamp, automotive, semiconductor, and fiber cable industries. The Adhesives segment offers industrial, UV, medical grade, and conductive adhesives; dosing systems; potting and sealing compounds; and UV curing units. Dr. Hönle AG was founded in 1976 and is headquartered in Gräfelfing, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 21:32|
|End of Day Share Price||2020/03/30 00:00|
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.