H+H International A/S

CPSE:HH Stock Report

Market Cap: DKK 1.6b

H+H International Valuation

Is HH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HH (DKK99.2) is trading below our estimate of future cash flow value (DKK405.27)

Significantly Below Future Cash Flow Value: HH is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HH?

Key metric: As HH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HH. This is calculated by dividing HH's market cap by their current revenue.
What is HH's PS Ratio?
PS Ratio0.6x
SalesDKK 2.66b
Market CapDKK 1.63b

Price to Sales Ratio vs Peers

How does HH's PS Ratio compare to its peers?

The above table shows the PS ratio for HH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
FLUG B Flügger group
0.5x3.36%DKK 1.1b
SPG SP Group
1.6x7.92%DKK 5.5b
CMSB Cahya Mata Sarawak Berhad
0.9x4.54%RM 1.1b
3002 Najran Cement
1.8x1.95%ر.س921.0m
HH H+H International
0.6x4.62%DKK 1.6b

Price-To-Sales vs Peers: HH is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does HH's PS Ratio compare vs other companies in the European Basic Materials Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
HH 0.6xIndustry Avg. 0.9xNo. of Companies9PS00.61.21.82.43+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HH is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Basic Materials industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is HH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: HH is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 99.20
DKK 142.00
+43.15%
2.11%DKK 145.00DKK 139.00n/a2
Sep ’27DKK 101.80
DKK 142.00
+39.49%
2.11%DKK 145.00DKK 139.00n/a2
Aug ’27DKK 103.40
DKK 142.00
+37.33%
2.11%DKK 145.00DKK 139.00n/a2
Jul ’27DKK 97.30
DKK 142.00
+45.94%
2.11%DKK 145.00DKK 139.00n/a2
Jun ’27DKK 100.00
DKK 113.00
+13.00%
28.32%DKK 145.00DKK 81.00n/a2
May ’27DKK 109.00
DKK 113.00
+3.67%
28.32%DKK 145.00DKK 81.00n/a2
Apr ’27DKK 83.70
DKK 84.50
+0.96%
4.14%DKK 88.00DKK 81.00n/a2
Mar ’27DKK 84.00
DKK 86.00
+2.38%
5.81%DKK 91.00DKK 81.00n/a2
Feb ’27DKK 93.30
DKK 86.50
-7.29%
6.36%DKK 92.00DKK 81.00n/a2
Jan ’27DKK 93.10
DKK 86.50
-7.09%
6.36%DKK 92.00DKK 81.00n/a2
Dec ’26DKK 95.20
DKK 86.50
-9.14%
6.36%DKK 92.00DKK 81.00n/a2
Nov ’26DKK 89.00
DKK 106.50
+19.66%
7.98%DKK 115.00DKK 98.00n/a2
Oct ’26DKK 103.40
DKK 106.50
+3.00%
7.98%DKK 115.00DKK 98.00n/a2
Sep ’26DKK 98.00
DKK 106.50
+8.67%
7.98%DKK 115.00DKK 98.00DKK 101.802
Aug ’26DKK 105.60
DKK 110.00
+4.17%
4.55%DKK 115.00DKK 105.00DKK 103.402
Jul ’26DKK 132.40
DKK 117.50
-11.25%
10.64%DKK 130.00DKK 105.00DKK 97.302
Jun ’26DKK 135.60
DKK 117.50
-13.35%
10.64%DKK 130.00DKK 105.00DKK 100.002
May ’26DKK 120.20
DKK 110.00
-8.49%
4.55%DKK 115.00DKK 105.00DKK 109.002
Apr ’26DKK 104.00
DKK 110.00
+5.77%
4.55%DKK 115.00DKK 105.00DKK 83.702
Mar ’26DKK 99.60
DKK 97.00
-2.61%
16.77%DKK 120.00DKK 85.00DKK 84.003
Feb ’26DKK 75.50
DKK 97.00
+28.48%
16.77%DKK 120.00DKK 85.00DKK 93.303
Jan ’26DKK 78.70
DKK 97.33
+23.68%
16.49%DKK 120.00DKK 85.00DKK 93.103
Dec ’25DKK 79.20
DKK 97.33
+22.90%
16.49%DKK 120.00DKK 85.00DKK 95.203
Nov ’25DKK 84.20
DKK 101.67
+20.74%
12.91%DKK 120.00DKK 90.00DKK 89.003
Oct ’25DKK 91.00
DKK 103.33
+13.55%
12.07%DKK 120.00DKK 90.00DKK 103.403
Sep ’25DKK 95.80
DKK 106.00
+10.65%
13.21%DKK 120.00DKK 92.00DKK 98.002
DKK 142
Fair Value
30.1% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 16:36
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

H+H International A/S is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB
Anders PreetzmannDanske Bank
Alexander BorreskovDNB Carnegie