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HNL

Dr. HönleXTRA:HNL Stock Report

Market Cap

€245.5m

7D

-4.3%

1Y

-19.0%

Updated

21 Oct, 2021

Data

Company Financials +
HNL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends4/6

HNL Overview

Dr. Hönle AG supplies industrial UV technologies and systems worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Dr. Hönle
Historical stock prices
Current Share Price€40.50
52 Week High€38.30
52 Week Low€58.10
Beta1.51
1 Month Change-5.70%
3 Month Change-16.84%
1 Year Change-19.00%
3 Year Change-38.64%
5 Year Change58.36%
Change since IPO134.24%

Recent News & Updates

Jul 15
Dr. Hönle AG (ETR:HNL) Shares Could Be 37% Below Their Intrinsic Value Estimate

Dr. Hönle AG (ETR:HNL) Shares Could Be 37% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Dr. Hönle AG ( ETR:HNL...

Jun 14
Is Dr. Hönle (ETR:HNL) A Risky Investment?

Is Dr. Hönle (ETR:HNL) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

May 30
Is Dr. Hönle AG (ETR:HNL) Potentially Undervalued?

Is Dr. Hönle AG (ETR:HNL) Potentially Undervalued?

Dr. Hönle AG ( ETR:HNL ), is not the largest company out there, but it received a lot of attention from a substantial...

Shareholder Returns

HNLDE ElectricalDE Market
7D-4.3%1.4%1.2%
1Y-19.0%19.2%24.4%

Return vs Industry: HNL underperformed the German Electrical industry which returned 19.2% over the past year.

Return vs Market: HNL underperformed the German Market which returned 24.4% over the past year.

Price Volatility

Is HNL's price volatile compared to industry and market?
HNL volatility
HNL Beta1.51
Industry Beta1.11
Market Beta1

Stable Share Price: HNL is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HNL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1976653n/ahttps://www.hoenle.de

Dr. Hönle AG supplies industrial UV technologies and systems worldwide. It operates through three segments: Equipment & Systems, Glass & Lamps, and Adhesives. The Equipment & Systems segment offers LED UV units, UV equipment/UV systems/UV units, IR units, inert systems, UV disinfection systems, solar simulation systems and light fixtures, lighting systems, UV measuring technology products, and components and replacement parts.

Dr. Hönle Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
HNL income statement (TTM)
Revenue€107.14m
Cost of Revenue€40.10m
Gross Profit€67.04m
Expenses€61.38m
Earnings€5.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 22, 2022

Earnings per share (EPS)0.93
Gross Margin62.57%
Net Profit Margin5.28%
Debt/Equity Ratio42.9%

How did HNL perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

49%

Payout Ratio

Valuation

Is Dr. Hönle undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HNL (€40.5) is trading below our estimate of fair value (€163.83)

Significantly Below Fair Value: HNL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HNL is good value based on its PE Ratio (43.4x) compared to the German Electrical industry average (50.5x).

PE vs Market: HNL is poor value based on its PE Ratio (43.4x) compared to the German market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: HNL is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: HNL is good value based on its PB Ratio (2.1x) compared to the DE Electrical industry average (3.7x).


Future Growth

How is Dr. Hönle forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

53.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HNL's forecast earnings growth (53.8% per year) is above the savings rate (-0.01%).

Earnings vs Market: HNL's earnings (53.8% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HNL's revenue (8% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: HNL's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HNL's Return on Equity is forecast to be low in 3 years time (13.7%).


Past Performance

How has Dr. Hönle performed over the past 5 years?

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HNL has high quality earnings.

Growing Profit Margin: HNL's current net profit margins (5.3%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: HNL's earnings have declined by 6.6% 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 (-29.1%) over the past year, making it difficult to compare to the Electrical industry average (-6.4%).


Return on Equity

High ROE: HNL's Return on Equity (4.9%) is considered low.


Financial Health

How is Dr. Hönle's financial position?


Financial Position Analysis

Short Term Liabilities: HNL's short term assets (€88.2M) exceed its short term liabilities (€26.7M).

Long Term Liabilities: HNL's short term assets (€88.2M) exceed its long term liabilities (€67.5M).


Debt to Equity History and Analysis

Debt Level: HNL's debt to equity ratio (42.9%) is considered high.

Reducing Debt: HNL's debt to equity ratio has increased from 16.8% to 42.9% over the past 5 years.

Debt Coverage: HNL's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: HNL's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

What is Dr. Hönle current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HNL's dividend (1.23%) is higher than the bottom 25% of dividend payers in the German market (0.99%).

High Dividend: HNL's dividend (1.23%) is low compared to the top 25% of dividend payers in the German market (3.23%).


Stability and Growth of Payments

Stable Dividend: HNL's dividend payments have been volatile in the past 10 years.

Growing Dividend: HNL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.3%), HNL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HNL's dividends in 3 years are forecast to be well covered by earnings (38.3% payout ratio).


Next Steps

Management

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

6.6yrs

Average board tenure


CEO

Dr. Hönle has no CEO, or we have no data on them.


Board Members

Experienced Board: HNL's board of directors are considered experienced (6.6 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Dr. Hönle AG's employee growth, exchange listings and data sources


Key Information

  • Name: Dr. Hönle AG
  • Ticker: HNL
  • Exchange: XTRA
  • Founded: 1976
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €245.505m
  • Shares outstanding: 6.06m
  • Website: https://www.hoenle.de

Number of Employees


Location

  • Dr. Hönle AG
  • Lochhamer Schlag 1
  • Gräfelfing
  • Bavaria
  • 82166
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 20:56
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.