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HBH

HORNBACH Holding KGaA XTRA:HBH Stock Report

Last Price

€114.60

Market Cap

€1.8b

7D

-2.1%

1Y

24.8%

Updated

23 May, 2022

Data

Company Financials +
HBH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends3/6

HBH Stock Overview

HORNBACH Holding AG & Co. KGaA, through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

HORNBACH Holding KGaA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HORNBACH Holding KGaA
Historical stock prices
Current Share Price€114.60
52 Week High€140.10
52 Week Low€82.35
Beta1.32
1 Month Change-1.55%
3 Month Change-4.50%
1 Year Change24.84%
3 Year Change143.83%
5 Year Change59.94%
Change since IPO52.39%

Recent News & Updates

Dec 26
These 4 Measures Indicate That HORNBACH Holding KGaA (ETR:HBH) Is Using Debt Extensively

These 4 Measures Indicate That HORNBACH Holding KGaA (ETR:HBH) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

HBHDE Specialty RetailDE Market
7D-2.1%-2.2%-0.4%
1Y24.8%-45.8%-12.4%

Return vs Industry: HBH exceeded the German Specialty Retail industry which returned -43.8% over the past year.

Return vs Market: HBH exceeded the German Market which returned -12.9% over the past year.

Price Volatility

Is HBH's price volatile compared to industry and market?
HBH volatility
HBH Average Weekly Movement5.8%
Specialty Retail Industry Average Movement7.4%
Market Average Movement6.3%
10% most volatile stocks in DE Market10.6%
10% least volatile stocks in DE Market3.4%

Stable Share Price: HBH is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HBH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187715,646Albrecht Hornbachhttps://www.hornbach-holding.de

HORNBACH Holding AG & Co. KGaA, through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries. Its stationary stores offer approximately 50,000 articles in various divisions, including hardware/electrical, paint/wallpaper/flooring, construction materials/timber/prefabricated components, sanitary/tiles, and garden hardware/plants. The company also provides a range of construction materials and tools stocked and supply services, as well as professional advice for various product ranges and lines of trade, including shell construction and roofing; interior fittings and facades; and civil engineering, and garden and landscape construction materials for construction, conversion, or refurbishment projects.

HORNBACH Holding KGaA Fundamentals Summary

How do HORNBACH Holding KGaA's earnings and revenue compare to its market cap?
HBH fundamental statistics
Market Cap€1.83b
Earnings (TTM)€199.66m
Revenue (TTM)€5.87b

9.2x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HBH income statement (TTM)
Revenue€5.87b
Cost of Revenue€3.82b
Gross Profit€2.06b
Other Expenses€1.86b
Earnings€199.66m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

Jun 29, 2022

Earnings per share (EPS)12.48
Gross Margin35.03%
Net Profit Margin3.40%
Debt/Equity Ratio46.2%

How did HBH perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

19%

Payout Ratio

Does HBH pay a reliable dividends?

See HBH dividend history and benchmarks
When do you need to buy HBH by to receive an upcoming dividend?
HORNBACH Holding KGaA dividend dates
Ex Dividend DateJul 11 2022
Dividend Pay DateJul 13 2022
Days until Ex dividend48 days
Days until Dividend pay date50 days

Does HBH pay a reliable dividends?

See HBH dividend history and benchmarks

Valuation

Is HORNBACH Holding KGaA undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


24.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HBH (€114.6) is trading below our estimate of fair value (€150.86)

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


Price To Earnings Ratio

PE vs Industry: HBH is good value based on its PE Ratio (9.2x) compared to the German Specialty Retail industry average (12.5x).

PE vs Market: HBH is good value based on its PE Ratio (9.2x) compared to the German market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: HBH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HBH is good value based on its PB Ratio (1.1x) compared to the DE Specialty Retail industry average (1.9x).


Future Growth

How is HORNBACH Holding KGaA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBH's earnings are forecast to decline over the next 3 years (-1.8% per year).

Earnings vs Market: HBH's earnings are forecast to decline over the next 3 years (-1.8% per year).

High Growth Earnings: HBH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HBH's revenue (2.7% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: HBH's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBH's Return on Equity is forecast to be low in 3 years time (10.9%).


Past Performance

How has HORNBACH Holding KGaA performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HBH has high quality earnings.

Growing Profit Margin: HBH's current net profit margins (3.4%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: HBH's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: HBH's earnings growth over the past year (20.8%) is below its 5-year average (21.8% per year).

Earnings vs Industry: HBH earnings growth over the past year (20.8%) underperformed the Specialty Retail industry 20.8%.


Return on Equity

High ROE: HBH's Return on Equity (13.9%) is considered low.


Financial Health

How is HORNBACH Holding KGaA's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HBH's short term assets (€1.7B) exceed its short term liabilities (€1.1B).

Long Term Liabilities: HBH's short term assets (€1.7B) exceed its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: HBH's net debt to equity ratio (27.3%) is considered satisfactory.

Reducing Debt: HBH's debt to equity ratio has increased from 36.5% to 46.2% over the past 5 years.

Debt Coverage: HBH's debt is well covered by operating cash flow (42.4%).

Interest Coverage: HBH's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet


Dividend

What is HORNBACH Holding KGaA current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.09%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 24 2022Ex Dividend DateJul 11 2022Dividend Pay DateJul 13 20222 days from Ex DividendBuy in the next 48 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HBH's dividend (2.09%) is higher than the bottom 25% of dividend payers in the German market (1.4%).

High Dividend: HBH's dividend (2.09%) is low compared to the top 25% of dividend payers in the German market (4.31%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HBH has been paying a dividend for less than 10 years.

Growing Dividend: HBH's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.2%), HBH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.1%), HBH's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Albrecht Hornbach (66 yo)

6.58yrs

Tenure

€1,163,018

Compensation

Mr. Albrecht Hornbach serves as the Chairman of the Management Board and Chief Executive Officer at Hornbach Management AG, the General Partner of Hornbach Holding AG & Co. KGaA. He serves as a Member of t...


CEO Compensation Analysis

Compensation vs Market: Albrecht's total compensation ($USD1.24M) is about average for companies of similar size in the German market ($USD1.51M).

Compensation vs Earnings: Albrecht's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HBH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: HBH's board of directors are considered experienced (3.8 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.


Top Shareholders

Company Information

HORNBACH Holding AG & Co. KGaA's employee growth, exchange listings and data sources


Key Information

  • Name: HORNBACH Holding AG & Co. KGaA
  • Ticker: HBH
  • Exchange: XTRA
  • Founded: 1877
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Implied Market Cap: €1.834b
  • Shares outstanding: 16.00m
  • Website: https://www.hornbach-holding.de

Number of Employees


Location

  • HORNBACH Holding AG & Co. KGaA
  • Hornbachstraße 11
  • Bornheim
  • North Rhine-Westphalia
  • 76879
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/02/28
Annual Earnings2022/02/28


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.