Executive Summary
home24 SE markets, sells, and ships furniture and home furnishings in Germany.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has home24's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: H24's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
14.6%
H24
8.4%
DE Online Retail
2.1%
DE Market
1 Year Return
123.9%
H24
115.6%
DE Online Retail
2.1%
DE Market
Return vs Industry: H24 exceeded the German Online Retail industry which returned 118.1% over the past year.
Return vs Market: H24 exceeded the German Market which returned 3% over the past year.
Shareholder returns
| H24 | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.6% | 8.4% | 2.1% |
| 30 Day | 7.9% | 16.5% | -0.8% |
| 90 Day | 163.1% | 68.1% | 20.1% |
| 1 Year | 123.9%123.9% | 116.6%115.6% | 4.2%2.1% |
| 3 Year | n/a | 110.4%104.9% | 3.7%-4.7% |
| 5 Year | n/a | 71.1%66.6% | 10.7%-4.0% |
Price Volatility Vs. Market
How volatile is home24's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Is home24 (ETR:H24) Using Debt Sensibly?2 months ago | Simply Wall St
Imagine Owning home24 (ETR:H24) And Wondering If The 46% Share Price Slide Is Justified4 months ago | Simply Wall St
Is home24 (ETR:H24) Using Debt In A Risky Way?Valuation
Is home24 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: H24 (€7.5) is trading below our estimate of fair value (€17.3)
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 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 (2.2x) compared to the DE Online Retail industry average (2.9x).
Next Steps
Future Growth
How is home24 forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
55.1%
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 (15.5% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: H24's revenue (15.5% 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 H24's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has home24 performed over the past 5 years?
-0.9%
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, and losses have increased over the past 5 years at a rate of -0.9% 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 (-11.5%).
Return on Equity
High ROE: H24 has a negative Return on Equity (-72.84%), as it is currently unprofitable.
Next Steps
Financial Health
How is home24's financial position?
Financial Position Analysis
Short Term Liabilities: H24's short term assets (€99.8M) exceed its short term liabilities (€96.7M).
Long Term Liabilities: H24's short term assets (€99.8M) exceed its long term liabilities (€42.6M).
Debt to Equity History and Analysis
Debt Level: H24's debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: H24's debt to equity ratio has increased from 0.9% to 10.8% over the past 5 years.
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 sufficient cash runway for more than a year 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.
Next Steps
Dividend
What is home24 current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of H24's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.5yrs
Average management tenure
CEO
Marc Appelhoff
0.50
Tenure
Mr. Marc Appelhoffserves as an Associate at Cinven Limited. Mr. Appelhoff joined Cinven Limited in 2006.He has been Chairman of the Management Board and Chief Executive Officer at home24 SE since January 0 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board & CEO | 0.50yr | no data | no data | |
| SVP of Finance & Investor Relation Manager | no data | no data | no data | |
| Member of Management Board | 2.25yrs | no data | no data | |
| Member of Management Board & Senior VP | 0.50yr | no data | no data | |
| Senior Communications Manager | no data | no data | no data |
0.5yrs
Average Tenure
Experienced Management: H24's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Supervisory Board | 2.17yrs | no data | no data | |
| Independent Deputy Chairman of Supervisory Board | 2.08yrs | no data | no data | |
| Independent Member of Supervisory Board | 5.17yrs | no data | no data | |
| Member of Supervisory Board | 2.17yrs | no data | no data |
2.2yrs
Average Tenure
48yo
Average Age
Experienced Board: H24's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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.
Top Shareholders
Company Information
home24 SE's company bio, employee growth, exchange listings and data sources
Key Information
- Name: home24 SE
- Ticker: H24
- Exchange: XTRA
- Founded: 2009
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: €197.603m
- Shares outstanding: 26.38m
- Website: https://www.home24.com
Number of Employees
Location
- home24 SE
- Greifswalder Strasse 212-213
- Berlin
- Berlin
- 10405
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| H24 | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Jun 2018 |
| H24 | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jun 2018 |
| H24D | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jun 2018 |
| HMAG.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Jun 2018 |
Biography
home24 SE markets, sells, and ships furniture and home furnishings in Germany. The company's large furniture products comprise living and dining furniture products, including chairs, tables, and drawers; upholstery products comprising sofas, armchairs, and ottomans; bedroom furniture products, such as beds, wardrobes, and mattresses; and other products consisting of garden, office, and bathroom products. Its small furniture products include lightning products, such as interior and ceiling lights, and table lamps; accessories comprising decorations, curtains, and pillows; and other products, including mirrors, shelves, and cabinets. The company sells its products primarily under the home24, Mobly, ars manufacti, Ars Natura, Fredriks, Jack & Alice, Masion Belfort, mooved, Eva Padberg, and Smood brand names. It operates nine showrooms in Germany, Austria, and Switzerland, as well as three outlets in Germany; and through online. The company also operates in France, Austria, the Netherlands, Switzerland, Belgium, Italy, and Brazil. home24 SE was founded in 2009 and is headquartered in Berlin, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/07 20:54 |
| End of Day Share Price | 2020/07/07 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.