H+H International A/S

CPSE:HH Stock Report

Market Cap: DKK 1.3b

H+H International Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair 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.

Below Fair Value: HH (DKK80.2) is trading below our estimate of fair value (DKK631.56)

Significantly Below Fair Value: HH is trading below fair 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 Ratio0.5x
SalesDKK 2.70b
Market CapDKK 1.31b

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 Average0.9x
FLUG B Flügger group
0.4xn/aDKK 1.0b
SPG SP Group
1.3x5.9%DKK 3.7b
VOLCAN Compañía Industrial El Volcán
1.4x33.6%CL$187.7b
HT1 Ha Tien 1 Cement
0.7x5.3%₫4.5t
HH H+H International
0.5x3.5%DKK 1.3b

Price-To-Sales vs Peers: HH is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

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

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
HH 0.5xIndustry Avg. 1.0xNo. of Companies7PS00.61.21.82.43+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HH is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Basic Materials industry average (1x).

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 Ratio0.5x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: HH is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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 80.20
DKK 97.33
+21.4%
16.5%DKK 120.00DKK 85.00n/a3
Dec ’25DKK 79.20
DKK 97.33
+22.9%
16.5%DKK 120.00DKK 85.00n/a3
Nov ’25DKK 84.20
DKK 101.67
+20.7%
12.9%DKK 120.00DKK 90.00n/a3
Oct ’25DKK 91.00
DKK 103.33
+13.6%
12.1%DKK 120.00DKK 90.00n/a3
Sep ’25DKK 95.80
DKK 106.00
+10.6%
13.2%DKK 120.00DKK 92.00n/a2
Aug ’25DKK 103.00
DKK 103.50
+0.5%
15.9%DKK 120.00DKK 87.00n/a2
Jul ’25DKK 105.60
DKK 103.50
-2.0%
15.9%DKK 120.00DKK 87.00n/a2
Jun ’25DKK 107.00
DKK 95.00
-11.2%
26.3%DKK 120.00DKK 70.00n/a2
Mar ’25DKK 72.20
DKK 67.50
-6.5%
11.1%DKK 75.00DKK 60.00n/a2
Feb ’25DKK 75.80
DKK 67.50
-10.9%
11.1%DKK 75.00DKK 60.00n/a2
Jan ’25DKK 88.80
DKK 67.50
-24.0%
11.1%DKK 75.00DKK 60.00DKK 78.702
Dec ’24DKK 76.30
DKK 67.50
-11.5%
11.1%DKK 75.00DKK 60.00DKK 79.202
Jun ’24DKK 101.40
DKK 142.50
+40.5%
36.8%DKK 195.00DKK 90.00DKK 107.002
May ’24DKK 112.80
DKK 167.50
+48.5%
40.3%DKK 235.00DKK 100.00DKK 73.502
Apr ’24DKK 107.60
DKK 167.50
+55.7%
40.3%DKK 235.00DKK 100.00DKK 69.902

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 00:41
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 world class team 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 .

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
Michael HybholtHandelsbanken Capital Markets