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HART

Brødrene HartmannCPSE:HART Stock Report

Market Cap

kr.2.7b

7D

-1.3%

1Y

-25.1%

Updated

22 Oct, 2021

Data

Company Financials +
HART fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends0/6

HART Overview

Brødrene Hartmann A/S produces and sells moulded-fibre packaging for eggs and fruits in Denmark, rest of Europe, North and South America, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Brødrene Hartmann
Historical stock prices
Current Share Pricekr.392.50
52 Week Highkr.349.00
52 Week Lowkr.659.00
Beta0.55
1 Month Change2.88%
3 Month Change-23.49%
1 Year Change-25.10%
3 Year Change25.80%
5 Year Change15.78%
Change since IPO-4.27%

Recent News & Updates

Aug 11
Does Brødrene Hartmann (CPH:HART) Have A Healthy Balance Sheet?

Does Brødrene Hartmann (CPH:HART) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Jun 14
Returns on Capital Paint A Bright Future For Brødrene Hartmann (CPH:HART)

Returns on Capital Paint A Bright Future For Brødrene Hartmann (CPH:HART)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...

May 27
Here's Why I Think Brødrene Hartmann (CPH:HART) Is An Interesting Stock

Here's Why I Think Brødrene Hartmann (CPH:HART) Is An Interesting Stock

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Apr 20
We Take A Look At Why Brødrene Hartmann A/S' (CPH:HART) CEO Compensation Is Well Earned

We Take A Look At Why Brødrene Hartmann A/S' (CPH:HART) CEO Compensation Is Well Earned

We have been pretty impressed with the performance at Brødrene Hartmann A/S ( CPH:HART ) recently and CEO Torben...

Shareholder Returns

HARTDK PackagingDK Market
7D-1.3%-1.1%3.4%
1Y-25.1%19.7%30.7%

Return vs Industry: HART underperformed the Danish Packaging industry which returned 17.9% over the past year.

Return vs Market: HART underperformed the Danish Market which returned 29.5% over the past year.

Price Volatility

Is HART's price volatile compared to industry and market?
HART volatility
HART Beta0.55
Industry Beta0.75
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19172,500Torben Rosenkrantz-Theilhttps://www.hartmann-packaging.com/world/

Brødrene Hartmann A/S produces and sells moulded-fibre packaging for eggs and fruits in Denmark, rest of Europe, North and South America, and internationally. It provides retail and transport packaging for eggs. The company also offers protective egg trays for transport; and egg cartons, as well as produces and sells technology and machinery to manufacturers of moulded-fibre packaging.

Brødrene Hartmann Fundamentals Summary

How do Brødrene Hartmann's earnings and revenue compare to its market cap?
HART fundamental statistics
Market Capkr.2.71b
Earnings (TTM)kr.307.70m
Revenue (TTM)kr.2.65b

8.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HART income statement (TTM)
Revenuekr.2.65b
Cost of Revenuekr.1.75b
Gross Profitkr.899.80m
Expenseskr.592.10m
Earningskr.307.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 16, 2021

Earnings per share (EPS)44.50
Gross Margin33.93%
Net Profit Margin11.60%
Debt/Equity Ratio65.4%

How did HART perform over the long term?

See historical performance and comparison

Valuation

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

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HART (DKK392.5) is trading below our estimate of fair value (DKK690.45)

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


Price To Earnings Ratio

PE vs Industry: HART is good value based on its PE Ratio (8.8x) compared to the European Packaging industry average (16.5x).

PE vs Market: HART is good value based on its PE Ratio (8.8x) compared to the Danish market (16.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HART's PB Ratio (2.2x) is in line with the XE Packaging industry average.


Future Growth

How is Brødrene Hartmann forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HART's earnings are forecast to decline over the next 3 years (-3.6% per year).

Earnings vs Market: HART's earnings are forecast to decline over the next 3 years (-3.6% per year).

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

Revenue vs Market: HART's revenue (5.2% per year) is forecast to grow slower than the Danish market (7.3% per year).

High Growth Revenue: HART's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HART's Return on Equity is forecast to be low in 3 years time (14.9%).


Past Performance

How has Brødrene Hartmann performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HART has high quality earnings.

Growing Profit Margin: HART's current net profit margins (11.6%) are higher than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: HART's earnings have grown by 16.3% per year over the past 5 years.

Accelerating Growth: HART's earnings growth over the past year (21.8%) exceeds its 5-year average (16.3% per year).

Earnings vs Industry: HART earnings growth over the past year (21.8%) underperformed the Packaging industry 28.5%.


Return on Equity

High ROE: HART's Return on Equity (24.4%) is considered high.


Financial Health

How is Brødrene Hartmann's financial position?


Financial Position Analysis

Short Term Liabilities: HART's short term assets (DKK991.6M) exceed its short term liabilities (DKK625.3M).

Long Term Liabilities: HART's short term assets (DKK991.6M) exceed its long term liabilities (DKK844.0M).


Debt to Equity History and Analysis

Debt Level: HART's debt to equity ratio (65.4%) is considered high.

Reducing Debt: HART's debt to equity ratio has reduced from 97.9% to 65.4% over the past 5 years.

Debt Coverage: HART's debt is well covered by operating cash flow (50%).

Interest Coverage: HART's interest payments on its debt are well covered by EBIT (38.4x coverage).


Balance Sheet


Dividend

What is Brødrene Hartmann current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HART'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 HART's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: HART is not paying a notable dividend for the Danish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HART's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Torben Rosenkrantz-Theil (46 yo)

3.58yrs

Tenure

kr.6,100,000

Compensation

Mr. Torben Rosenkrantz-Theil has been the Chief Executive Officer of Brødrene Hartmann A/S since March 15, 2018 and has been its Member of the Executive Board since 2018. Mr. Rosenkrantz-Theil served as Se...


CEO Compensation Analysis

Compensation vs Market: Torben's total compensation ($USD953.91K) is above average for companies of similar size in the Danish market ($USD687.84K).

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


Leadership Team

Experienced Management: HART's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: HART'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

Brødrene Hartmann A/S's employee growth, exchange listings and data sources


Key Information

  • Name: Brødrene Hartmann A/S
  • Ticker: HART
  • Exchange: CPSE
  • Founded: 1917
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: kr.2.714b
  • Shares outstanding: 6.92m
  • Website: https://www.hartmann-packaging.com/world/

Number of Employees


Location

  • Brødrene Hartmann A/S
  • Ørnegårdsvej 18
  • Gentofte
  • Capital Region of Denmark
  • 2820
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 20:57
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.