H2O Retailing Corporation

DB:HKU Stock Report

Market Cap: €1.7b

H2O Retailing Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
€73.79
Fair Value
81.8% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: HKU (€13.4) is trading below our estimate of fair value (€73.79)

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

Key Valuation Metric

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

Key metric: As HKU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HKU. This is calculated by dividing HKU's market cap by their current earnings.
What is HKU's PE Ratio?
PE Ratio6.4x
EarningsJP¥42.68b
Market CapJP¥271.84b

Price to Earnings Ratio vs Peers

How does HKU's PE Ratio compare to its peers?

The above table shows the PE ratio for HKU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
HAW Hawesko Holding
21.6x20.8%€224.6m
MSH WASGAU Produktions & Handels
14.4xn/a€60.1m
WMK Weis Markets
18.6xn/aUS$1.8b
SON Sonae SGPS
4.6x-7.7%€1.7b
HKU H2O Retailing
6.4x-21.0%€271.8b

Price-To-Earnings vs Peers: HKU is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does HKU's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HKU 6.4xIndustry Avg. 14.9xNo. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HKU is good value based on its Price-To-Earnings Ratio (6.4x) compared to the European Consumer Retailing industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

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

HKU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HKU's Price-To-Earnings Fair Ratio for valuation analysis.

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 HKU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.40
€15.32
+14.3%
9.3%€16.74€13.90n/a2
Jan ’26€13.80
€15.32
+11.0%
9.3%€16.74€13.90n/a2
Dec ’25€13.00
€14.69
+13.0%
9.3%€16.06€13.33n/a2
Nov ’25€12.10
€15.53
+28.4%
9.3%€16.98€14.09n/a2
Oct ’25€12.90
€15.53
+20.4%
9.3%€16.98€14.09n/a2
Sep ’25€13.10
€15.57
+18.8%
12.0%€17.43€13.70n/a2
Aug ’25€14.60
€14.47
-0.9%
14.3%€16.54€12.40n/a2
Jul ’25€14.30
€14.47
+1.2%
14.3%€16.54€12.40n/a2
Jun ’25€14.30
€11.65
-18.5%
6.3%€12.39€10.91n/a2
May ’25€10.30
€11.10
+7.8%
2.8%€11.41€10.79n/a2
Apr ’25€11.50
€11.10
-3.5%
2.8%€11.41€10.79n/a2
Mar ’25€10.40
€11.10
+6.8%
2.8%€11.41€10.79n/a2
Feb ’25€9.85
€10.26
+4.2%
6.1%€10.88€9.64n/a2
Jan ’25€9.45
€10.26
+8.6%
6.1%€10.88€9.64€13.802
Dec ’24€9.95
€10.26
+3.1%
6.1%€10.88€9.64€13.002
Nov ’24€9.85
€10.33
+4.8%
7.7%€11.12€9.53€12.102
Oct ’24€11.20
€10.33
-7.8%
7.7%€11.12€9.53€12.902
Sep ’24€11.60
€9.70
-16.4%
1.6%€9.86€9.54€13.102
Aug ’24€9.65
€9.74
+0.9%
1.6%€9.90€9.58€14.602
Jul ’24€9.10
€9.74
+7.0%
1.6%€9.90€9.58€14.302
Jun ’24€9.45
€9.97
+5.5%
1.7%€10.14€9.80€14.302
May ’24€10.50
€9.82
-6.5%
3.6%€10.17€9.47€10.302
Apr ’24€9.95
€9.82
-1.3%
3.6%€10.17€9.47€11.502
Mar ’24€9.30
€9.41
+1.2%
1.9%€9.59€9.23€10.402
Feb ’24€8.60
€9.38
+9.0%
1.9%€9.55€9.20€9.852
Jan ’24€8.90
€9.38
+5.4%
1.9%€9.55€9.20€9.452
Analyst Price Target
Consensus Narrative from 2 Analysts
€14.63
Fair Value
8.4% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 09:17
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

H2O Retailing Corporation is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Masataka KunitoCitigroup Inc
Emiri ShigeokaDaiwa Securities Co. Ltd.
Kumio TomonagaJ.P. Morgan