home24 (XTRA:H24) - Share price, News & Analysis

H24 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

H24 Stock Overview

home24 SE, together with its subsidiaries, markets, sells, and ships furniture and home furnishings in Europe and Brazil.

Rewards

Trading at 87% below our estimate of its fair value

Revenue is forecast to grow 9.59% per year

Risk Analysis

Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

home24 Competitors

Zalando

XTRA:ZAL

€9.2b

Westwing Group

XTRA:WEW

€185.8m

Amazon.com

NasdaqGS:AMZN

US$1.1t

MercadoLibre

NasdaqGS:MELI

US$39.1b

Price History & Performance

Summary of all time highs, changes and price drops for home24
Historical stock prices
Current Share Price	€4.88
52 Week High	€18.78
52 Week Low	€4.14
Beta	1.8
1 Month Change	-14.43%
3 Month Change	-35.51%
1 Year Change	-70.78%
3 Year Change	19.36%
5 Year Change	n/a
Change since IPO	-83.40%

Shareholder Returns

	H24	DE Online Retail	DE Market
7D	3.2%	3.1%	-0.1%
1Y	-70.8%	-63.1%	-12.9%

Return vs Industry: H24 underperformed the German Online Retail industry which returned -63.1% over the past year.

Return vs Market: H24 underperformed the German Market which returned -12.9% over the past year.

Price Volatility

Is H24's price volatile compared to industry and market?
H24 volatility
H24 Average Weekly Movement	10.8%
Online Retail Industry Average Movement	9.7%
Market Average Movement	6.3%
10% most volatile stocks in DE Market	10.7%
10% least volatile stocks in DE Market	3.5%

Stable Share Price: H24 is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: H24's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2009	2,062	Marc Appelhoff	https://www.home24.com

home24 SE, together with its subsidiaries, markets, sells, and ships furniture and home furnishings in Europe and Brazil. It offers living, dining, bedroom, upholstered, and garden furniture; textiles; and lamps and accessories. The company sells its products under the Studio Copenhagen, ARS NATURA, MORTEENS, ars MANUFACTI, Masion Belfort, fredriks, home24, and Mobly brand names.

home24 Fundamentals Summary

How do home24's earnings and revenue compare to its market cap?
H24 fundamental statistics
Market Cap	€142.94m
Earnings (TTM)	-€36.10m
Revenue (TTM)	€596.70m

0.2x

P/S Ratio

-4.0x

P/E Ratio

Is H24 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
H24 income statement (TTM)
Revenue	€596.70m
Cost of Revenue	€342.30m
Gross Profit	€254.40m
Other Expenses	€290.50m
Earnings	-€36.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 16, 2022

Earnings per share (EPS)	-1.23
Gross Margin	42.63%
Net Profit Margin	-6.05%
Debt/Equity Ratio	0%

How did H24 perform over the long term?

See historical performance and comparison

Valuation

Is home24 undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: H24 (€4.88) is trading below our estimate of fair value (€37.53)

Significantly Below Fair Value: H24 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: H24 is unprofitable, so we can't compare its PE Ratio to the German Online Retail industry average.

PE vs Market: H24 is unprofitable, so we can't compare its PE Ratio to the German market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate H24's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: H24 is good value based on its PB Ratio (0.9x) compared to the DE Online Retail industry average (1.2x).

Future Growth

How is home24 forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

59.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: H24 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: H24 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: H24 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: H24's revenue (9.6% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: H24's revenue (9.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: H24 is forecast to be unprofitable in 3 years.

Past Performance

How has home24 performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

25.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: H24 is currently unprofitable.

Growing Profit Margin: H24 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: H24 is unprofitable, but has reduced losses over the past 5 years at a rate of 25.4% per year.

Accelerating Growth: Unable to compare H24's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: H24 is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (3.7%).

Return on Equity

High ROE: H24 has a negative Return on Equity (-18.65%), as it is currently unprofitable.

Financial Health

How is home24's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: H24's short term assets (€242.1M) exceed its short term liabilities (€107.0M).

Long Term Liabilities: H24's short term assets (€242.1M) exceed its long term liabilities (€56.8M).

Debt to Equity History and Analysis

Debt Level: H24 is debt free.

Reducing Debt: H24 has no debt compared to 5 years ago when its debt to equity ratio was 0.8%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: H24 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if H24 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is home24 current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate H24's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate H24's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if H24's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if H24's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as H24 has not reported any payouts.

Discover strong dividend paying companies

Management

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

1.8yrs

Average management tenure

CEO

Marc Appelhoff

2.33yrs

Tenure

Mr. Marc Appelhoff serves as Chairman of the Board at Mobly S.A. Mr. Appelhoff serves as an Associate at Cinven Limited. Mr. Appelhoff joined Cinven Limited in 2006He has been Chairman of the Management B...

Leadership Team

Experienced Management: H24's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Experienced Board: H24's board of directors are considered experienced (3.9 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31