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HORNBACH Baumarkt

XTRA:HBM
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HBM
XTRA
€520M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

HORNBACH Baumarkt AG operates as a do-it-yourself (DIY) retail company in Germany, Austria, the Czech Republic, Luxembourg, the Netherlands, Romania, Slovakia, Sweden, and Switzerland. The last earnings update was 28 days ago. More info.


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HBM Share Price and Events
7 Day Returns
4.4%
XTRA:HBM
-0.4%
DE Specialty Retail
1.6%
DE Market
1 Year Returns
-36.8%
XTRA:HBM
-20.8%
DE Specialty Retail
-7.4%
DE Market
HBM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HORNBACH Baumarkt (HBM) 4.4% -1.5% 6.5% -36.8% -30.9% -48.7%
DE Specialty Retail -0.4% 1% 5.9% -20.8% -49.7% -55.4%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • HBM underperformed the Specialty Retail industry which returned -20.8% over the past year.
  • HBM underperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
HBM
Industry
5yr Volatility vs Market

Value

 Is HORNBACH Baumarkt undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HORNBACH Baumarkt to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HORNBACH Baumarkt.

XTRA:HBM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:HBM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 30%) (146.55%))
1.513
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.513 * 5.96%)
9.24%

Discounted Cash Flow Calculation for XTRA:HBM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HORNBACH Baumarkt is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:HBM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.24%)
2019 -83.90 Analyst x1 -76.80
2020 128.00 Analyst x1 107.25
2021 33.25 Analyst x2 25.50
2022 31.00 Analyst x1 21.77
2023 29.50 Est @ -4.84% 18.96
2024 28.52 Est @ -3.32% 16.78
2025 27.88 Est @ -2.25% 15.01
2026 27.46 Est @ -1.51% 13.54
2027 27.19 Est @ -0.99% 12.27
2028 27.02 Est @ -0.62% 11.16
Present value of next 10 years cash flows €165.44
XTRA:HBM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €27.02 × (1 + 0.23%) ÷ (9.24% – 0.23%)
€300.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €300.34 ÷ (1 + 9.24%)10
€124.06
XTRA:HBM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €165.44 + €124.06
€289.50
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €289.50 / 31.81
€9.1
XTRA:HBM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XTRA:HBM represents 0.994x of DB:HBM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.994x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.10 x 0.994
€9.05
Value per share (EUR) From above. €9.05
Current discount Discount to share price of €16.55
= -1 x (€16.55 - €9.05) / €9.05
-82.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of HORNBACH Baumarkt is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HORNBACH Baumarkt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HORNBACH Baumarkt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:HBM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in EUR €1.29
DB:HBM Share Price ** DB (2019-06-24) in EUR €16.65
Germany Specialty Retail Industry PE Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 14.47x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HORNBACH Baumarkt.

XTRA:HBM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:HBM Share Price ÷ EPS (both in EUR)

= 16.65 ÷ 1.29

12.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HORNBACH Baumarkt is good value based on earnings compared to the DE Specialty Retail industry average.
  • HORNBACH Baumarkt is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does HORNBACH Baumarkt's expected growth come at a high price?
Raw Data
XTRA:HBM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
13%per year
Germany Specialty Retail Industry PEG Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.86x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

XTRA:HBM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.94x ÷ 13%

1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HORNBACH Baumarkt is good value based on expected growth next year.
Price based on value of assets
What value do investors place on HORNBACH Baumarkt's assets?
Raw Data
XTRA:HBM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in EUR €33.60
DB:HBM Share Price * DB (2019-06-24) in EUR €16.65
Germany Specialty Retail Industry PB Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.91x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
XTRA:HBM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:HBM Share Price ÷ Book Value per Share (both in EUR)

= 16.65 ÷ 33.60

0.5x

* Primary Listing of HORNBACH Baumarkt.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HORNBACH Baumarkt is good value based on assets compared to the DE Specialty Retail industry average.
X
Value checks
We assess HORNBACH Baumarkt's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. HORNBACH Baumarkt has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is HORNBACH Baumarkt expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HORNBACH Baumarkt expected to grow at an attractive rate?
  • HORNBACH Baumarkt's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • HORNBACH Baumarkt's earnings growth is expected to exceed the Germany market average.
  • HORNBACH Baumarkt's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:HBM Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:HBM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 13%
XTRA:HBM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.7%
Germany Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
Germany Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:HBM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:HBM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-02-29 5,181 1
2023-02-28 4,943 1
2022-02-28 4,717 146 55 1
2021-02-28 4,454 137 56 2
2020-02-29 4,303 243 40 1
XTRA:HBM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-02-28 4,096 4 41
2018-11-30 4,037 114 48
2018-08-31 3,967 127 52
2018-05-31 3,923 143 49
2018-02-28 3,891 134 59
2017-11-30 3,856 93 69
2017-08-31 3,821 83 69
2017-05-31 3,781 125 66
2017-02-28 3,710 115 53
2016-11-30 3,702 114 68
2016-08-31 3,664 110 64
2016-05-31 3,599 85 68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HORNBACH Baumarkt's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
  • HORNBACH Baumarkt's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:HBM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from HORNBACH Baumarkt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:HBM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-02-29
2023-02-28
2022-02-28 1.74 1.74 1.74 1.00
2021-02-28 1.76 1.95 1.56 2.00
2020-02-29 1.26 1.26 1.26 1.00
XTRA:HBM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-02-28 1.29
2018-11-30 1.50
2018-08-31 1.62
2018-05-31 1.53
2018-02-28 1.84
2017-11-30 2.15
2017-08-31 2.18
2017-05-31 2.07
2017-02-28 1.66
2016-11-30 2.14
2016-08-31 2.00
2016-05-31 2.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • HORNBACH Baumarkt is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HORNBACH Baumarkt's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HORNBACH Baumarkt has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has HORNBACH Baumarkt performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HORNBACH Baumarkt's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HORNBACH Baumarkt's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • HORNBACH Baumarkt's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • HORNBACH Baumarkt's 1-year earnings growth is negative, it can't be compared to the DE Specialty Retail industry average.
Earnings and Revenue History
HORNBACH Baumarkt's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HORNBACH Baumarkt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:HBM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 4,095.54 40.93 1,434.11
2018-11-30 4,037.20 47.87 1,411.28
2018-08-31 3,967.20 51.67 1,383.78
2018-05-31 3,922.50 48.77 1,371.28
2018-02-28 3,890.70 58.67 1,354.88
2017-11-30 3,856.30 68.56 1,329.40
2017-08-31 3,820.70 69.36 1,316.70
2017-05-31 3,781.50 65.76 1,308.10
2017-02-28 3,710.10 52.86 1,291.30
2016-11-30 3,701.85 67.90 1,281.33
2016-08-31 3,663.95 63.50 1,276.13
2016-05-31 3,598.55 68.10 1,258.33
2016-02-29 3,534.85 72.40 1,242.23
2015-11-30 3,483.15 68.81 1,228.24
2015-08-31 3,435.05 79.01 1,201.24
2015-05-31 3,375.05 68.51 1,187.84
2015-02-28 3,356.55 69.51 1,171.44
2014-11-30 3,321.19 68.95 1,143.24
2014-08-31 3,294.39 68.45 1,129.34
2014-05-31 3,289.79 80.35 1,102.64
2014-02-28 3,151.99 56.35 1,076.84
2013-11-30 3,092.26 49.90 1,067.33
2013-08-31 3,050.56 38.60 1,061.73
2013-05-31 2,993.76 34.60 1,053.43
2013-02-28 3,019.96 52.30 1,046.53
2012-11-30 3,019.55 58.58 1,037.71
2012-08-31 3,015.35 72.88 1,023.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • HORNBACH Baumarkt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HORNBACH Baumarkt used its assets more efficiently than the DE Specialty Retail industry average last year based on Return on Assets.
  • HORNBACH Baumarkt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HORNBACH Baumarkt's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HORNBACH Baumarkt has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is HORNBACH Baumarkt's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HORNBACH Baumarkt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HORNBACH Baumarkt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HORNBACH Baumarkt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HORNBACH Baumarkt's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HORNBACH Baumarkt Company Filings, last reported 3 months ago.

XTRA:HBM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 1,068.62 598.12 242.53
2018-11-30 1,121.60 520.20 162.40
2018-08-31 1,122.10 437.10 96.60
2018-05-31 1,093.80 424.80 161.80
2018-02-28 1,048.80 249.96 102.14
2017-11-30 1,089.30 433.80 174.60
2017-08-31 1,082.50 435.00 191.60
2017-05-31 1,065.60 437.10 222.50
2017-02-28 1,010.65 267.16 143.04
2016-11-30 1,041.20 450.90 246.40
2016-08-31 1,028.40 449.10 276.70
2016-05-31 1,011.90 531.90 293.90
2016-02-29 972.88 337.08 283.00
2015-11-30 993.20 349.80 382.10
2015-08-31 992.40 344.70 408.30
2015-05-31 970.10 344.70 435.70
2015-02-28 922.42 343.64 334.81
2014-11-30 930.10 354.10 423.70
2014-08-31 923.10 351.10 458.80
2014-05-31 909.00 374.00 471.70
2014-02-28 861.99 370.71 371.11
2013-11-30 881.90 382.60 433.90
2013-08-31 875.60 381.80 435.20
2013-05-31 843.20 383.60 385.00
2013-02-28 823.20 380.78 317.18
2012-11-30 856.00 425.70 450.20
2012-08-31 858.40 427.80 497.80
  • HORNBACH Baumarkt's level of debt (71.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (43.1% vs 71.3% today).
  • Debt is not well covered by operating cash flow (0.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess HORNBACH Baumarkt's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HORNBACH Baumarkt has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is HORNBACH Baumarkt's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.08%
Current annual income from HORNBACH Baumarkt dividends. Estimated to be 4.08% next year.
If you bought €2,000 of HORNBACH Baumarkt shares you are expected to receive €82 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • HORNBACH Baumarkt's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • HORNBACH Baumarkt's dividend is above the markets top 25% of dividend payers in Germany (3.87%).
Upcoming dividend payment

Purchase HORNBACH Baumarkt before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:HBM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 3.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:HBM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-02-29
2023-02-28
2022-02-28 0.68 1.00
2021-02-28 0.68 2.00
2020-02-29 0.68 2.00
XTRA:HBM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-27 0.680 4.219
2018-05-24 0.680 3.243
2018-03-15 0.680 2.410
2017-05-29 0.680 2.163
2016-05-24 0.680 2.444
2016-03-15 0.680 2.550
2015-05-04 0.600 1.920
2014-05-07 0.600 1.899
2013-05-02 0.500 1.863
2012-05-25 0.500 1.986
2012-05-24 0.500 1.996
2011-06-21 0.500 2.042
2011-05-26 0.500 2.082
2010-04-27 0.500 2.383

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, HORNBACH Baumarkt has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but HORNBACH Baumarkt only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of HORNBACH Baumarkt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess HORNBACH Baumarkt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HORNBACH Baumarkt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HORNBACH Baumarkt has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of HORNBACH Baumarkt's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steffen Hornbach
CEO Bio

Mr. Steffen Hornbach serves as the Chairman of the Board of Management at HORNBACH Baumarkt AG since November 1, 2001 and serves as Chief Executive Officer at HORNBACH Baumarkt AG He served as Head of Marketing at HORNBACH Baumarkt AG. Mr. Hornbach serves as the Chairman, Marketing of New Stores, Auditing, Personnel Development, Public Relations of HORNBACH Baumarkt AG. Mr. Hornbach serves as a Member of the Supervisory Board of Hornbach Immobilien AG, a wholly-owned subsidiary of Hornbach Holding AG. He graduated in Engineering.

CEO Compensation
  • Insufficient data for Steffen to compare compensation growth.
  • Insufficient data for Steffen to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the HORNBACH Baumarkt management team in years:

7.3
Average Tenure
50
Average Age
  • The average tenure for the HORNBACH Baumarkt management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steffen Hornbach

TITLE
Chairman of Management Board & CEO

Roland Pelka

TITLE
Deputy Chairman of Management Board
TENURE
10.5 yrs

Susanne Jäger

TITLE
Member of Management Board
AGE
53
TENURE
12.5 yrs

Wolfger Ketzler

TITLE
Member of Management Board
AGE
61
TENURE
7.3 yrs

Ingo Leiner

TITLE
Member of Management Board
TENURE
7.3 yrs

Karsten Kühn

TITLE
Marketing
AGE
50
TENURE
4.7 yrs

Andreas Schobert

TITLE
CTO & Member of Management Board
AGE
45
TENURE
4.4 yrs

Christian Garrecht

TITLE
Optv Head of Workplace Safety & Fire Prevention and Employee Representative Supervisory Board Member
AGE
48
Board of Directors Tenure

Average tenure and age of the HORNBACH Baumarkt board of directors in years:

5.9
Average Tenure
48
Average Age
  • The tenure for the HORNBACH Baumarkt board of directors is about average.
Board of Directors

Albrecht Hornbach

TITLE
Chairman of Supervisory Board
TENURE
10.3 yrs

Kay Strelow

TITLE
Deputy Chairman of Supervisory Board
TENURE
10.9 yrs

John Feldmann

TITLE
Further Deputy Chairman of the Board
AGE
69
TENURE
0.9 yrs

Christian Garrecht

TITLE
Optv Head of Workplace Safety & Fire Prevention and Employee Representative Supervisory Board Member
AGE
48
TENURE
5.9 yrs

Melanie Thomann-Bopp

TITLE
Supervisory Board Member
AGE
40
TENURE
0.9 yrs

Johannes Otto

TITLE
Employee Representative Supervisory Board Member
AGE
62
TENURE
0.9 yrs

Martin Hornbach

TITLE
Member of Supervisory Board
TENURE
12.9 yrs

Jens Wulfsberg

TITLE
Member of Supervisory Board
TENURE
13.8 yrs

Mohamed Elaouch

TITLE
Employee Representative Supervisory Board Member
AGE
44
TENURE
5.9 yrs

Erich Harsch

TITLE
Member of Supervisory Board
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess HORNBACH Baumarkt's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HORNBACH Baumarkt has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

HORNBACH Baumarkt AG operates as a do-it-yourself (DIY) retail company in Germany, Austria, the Czech Republic, Luxembourg, the Netherlands, Romania, Slovakia, Sweden, and Switzerland. It operates through Retail and Real Estate segments. The company offers various DIY goods, home improvement goods, and gardening products in hardware/electrical, paint/wallpaper/flooring, construction materials/timber/prefabricated components, sanitary/tiles, and garden divisions. As of February 28, 2019, the company operated 158 DIY megastores with garden centers in 9 countries. The company was founded in 1877 and is based in Bornheim, Germany. HORNBACH Baumarkt AG is a subsidiary of Hornbach Holding AG & Co. KGaA.

Details
Name: HORNBACH Baumarkt AG
HBM
Exchange: XTRA
Founded: 1877
€520,044,450
31,807,000
Website: http://www.hornbach.com
Address: HORNBACH Baumarkt AG
Hornbachstrasse,
Bornheim,
North Rhine-Westphalia, 76878,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB HBM Common Stock Deutsche Boerse AG DE EUR 22. Nov 1993
OTCPK HBAU.F Common Stock Pink Sheets LLC US USD 22. Nov 1993
XTRA HBM Common Stock XETRA Trading Platform DE EUR 22. Nov 1993
LSE 0ENN Common Stock London Stock Exchange GB EUR 22. Nov 1993
BATS-CHIXE HBMD Common Stock BATS 'Chi-X Europe' GB EUR 22. Nov 1993
Number of employees
Current staff
Staff numbers
20,118
HORNBACH Baumarkt employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 21:21
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/27
Last earnings reported: 2019/02/28
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.