Hillenbrand, Inc.

DB:9HI Stock Report

Market Cap: €2.2b

Hillenbrand Valuation

Is 9HI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9HI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9HI (€31.4) is trading below our estimate of fair value (€87.86)

Significantly Below Fair Value: 9HI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9HI?

Key metric: As 9HI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 9HI. This is calculated by dividing 9HI's market cap by their current revenue.
What is 9HI's PS Ratio?
PS Ratio0.7x
SalesUS$3.18b
Market CapUS$2.30b

Price to Sales Ratio vs Peers

How does 9HI's PS Ratio compare to its peers?

The above table shows the PS ratio for 9HI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
PFV Pfeiffer Vacuum Technology
1.7xn/a€1.5b
DUE Dürr
0.3x4.0%€1.5b
GIL DMG MORI
1.5xn/a€3.5b
KRN Krones
0.7x7.1%€3.7b
9HI Hillenbrand
0.7x-0.9%€2.3b

Price-To-Sales vs Peers: 9HI is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does 9HI's PS Ratio compare vs other companies in the DE Machinery Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
HDD Heidelberger Druckmaschinen
0.1x4.2%US$299.56m
SKB Koenig & Bauer
0.1x4.8%US$196.58m
SF3 STS Group
0.09x4.2%US$27.57m
GRF Greiffenberger
0.07xn/aUS$4.35m
9HI 0.7xIndustry Avg. 0.5xNo. of Companies11PS00.61.21.82.43+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 9HI is expensive based on its Price-To-Sales Ratio (0.7x) compared to the German Machinery industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is 9HI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9HI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 9HI is expensive based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9HI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.40
€43.32
+37.9%
18.3%€52.24€31.35n/a5
Nov ’25€25.00
€42.56
+70.2%
17.8%€50.93€30.01n/a5
Oct ’25€24.80
€42.56
+71.6%
17.8%€50.93€30.01n/a5
Sep ’25€29.40
€42.56
+44.8%
17.8%€50.93€30.01n/a5
Aug ’25€40.60
€52.52
+29.4%
8.5%€59.17€46.23n/a5
Jul ’25€36.80
€53.83
+46.3%
6.6%€58.89€49.69n/a4
Jun ’25€42.00
€53.83
+28.2%
6.6%€58.89€49.69n/a4
May ’25€45.80
€55.18
+20.5%
7.0%€59.86€50.51n/a4
Apr ’25€45.60
€58.48
+28.3%
5.1%€63.12€54.77n/a4
Mar ’25€43.60
€58.48
+34.1%
5.1%€63.12€54.77n/a4
Feb ’25€42.80
€57.85
+35.2%
4.2%€61.95€55.57n/a4
Jan ’25€43.60
€57.85
+32.7%
4.2%€61.95€55.57n/a4
Dec ’24€35.20
€59.31
+68.5%
4.1%€62.69€57.16n/a3
Nov ’24€35.80
€63.15
+76.4%
12.7%€74.50€57.02€25.003
Oct ’24€40.00
€63.15
+57.9%
12.7%€74.50€57.02€24.803
Sep ’24€44.20
€63.15
+42.9%
12.7%€74.50€57.02€29.403
Aug ’24€46.80
€62.31
+33.1%
7.6%€68.82€57.66€40.603
Jul ’24€47.00
€62.31
+32.6%
7.6%€68.82€57.66€36.803
Jun ’24€44.40
€62.31
+40.3%
7.6%€68.82€57.66€42.003
May ’24€40.40
€61.15
+51.4%
7.6%€67.54€56.59€45.803
Apr ’24€42.00
€61.80
+47.1%
7.6%€68.26€57.19€45.603
Mar ’24€44.00
€62.41
+41.8%
7.6%€68.93€57.75€43.603
Feb ’24€43.00
€63.21
+47.0%
7.6%€69.81€58.49€42.803
Jan ’24€39.60
€63.21
+59.6%
7.6%€69.81€58.49€43.603
Dec ’23€47.80
€65.28
+36.6%
8.9%€73.32€59.81€35.203
Nov ’23€44.60
€68.72
+54.1%
9.2%€77.57€63.28€35.803

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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