BATS-CHIXE:HBHD

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has HORNBACH Holding KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-0.5%

HBHD

-1.1%

GB Specialty Retail

-0.6%

GB Market


1 Year Return

31.5%

HBHD

0.9%

GB Specialty Retail

-6.5%

GB Market

Return vs Industry: HBHD exceeded the UK Specialty Retail industry which returned 0.9% over the past year.

Return vs Market: HBHD exceeded the UK Market which returned -6.5% over the past year.


Shareholder returns

HBHDIndustryMarket
7 Day-0.5%-1.1%-0.6%
30 Day-9.5%3.0%5.2%
90 Day-15.3%2.9%15.1%
1 Year34.1%31.5%1.2%0.9%-2.7%-6.5%
3 Year12.1%4.2%12.7%5.0%5.1%-7.7%
5 Year54.2%37.0%11.8%-3.2%46.8%18.2%

Long-Term Price Volatility Vs. Market

How volatile is HORNBACH Holding KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

13.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HBHD (€76.9) is trading below our estimate of fair value (€89.2)

Significantly Below Fair Value: HBHD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HBHD is good value based on its PE Ratio (6.3x) compared to the GB Specialty Retail industry average (19.5x).

PE vs Market: HBHD is good value based on its PE Ratio (6.3x) compared to the UK market (23.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HBHD is good value based on its PB Ratio (0.8x) compared to the GB Specialty Retail industry average (1.6x).


Next Steps

Future Growth

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

-11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBHD's earnings are forecast to decline over the next 3 years (-11.4% per year).

Earnings vs Market: HBHD's earnings are forecast to decline over the next 3 years (-11.4% per year).

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

Revenue vs Market: HBHD's revenue (2.8% per year) is forecast to grow slower than the UK market (6.5% per year).

High Growth Revenue: HBHD's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBHD's Return on Equity is forecast to be low in 3 years time (9.6%).


Next Steps

Past Performance

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

14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBHD has high quality earnings.

Growing Profit Margin: HBHD's current net profit margins (3.6%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: HBHD's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: HBHD's earnings growth over the past year (109.6%) exceeds its 5-year average (14.6% per year).

Earnings vs Industry: HBHD earnings growth over the past year (109.6%) exceeded the Specialty Retail industry -13.3%.


Return on Equity

High ROE: HBHD's Return on Equity (13.2%) is considered low.


Next Steps

Financial Health

How is HORNBACH Holding KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: HBHD's short term assets (€1.7B) exceed its short term liabilities (€876.5M).

Long Term Liabilities: HBHD's short term assets (€1.7B) exceed its long term liabilities (€1.4B).


Debt to Equity History and Analysis

Debt Level: HBHD's debt to equity ratio (39.8%) is considered satisfactory.

Reducing Debt: HBHD's debt to equity ratio has increased from 37.4% to 39.8% over the past 5 years.

Debt Coverage: HBHD's debt is well covered by operating cash flow (76.3%).

Interest Coverage: HBHD's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet


Next Steps

Dividend

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

1.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HBHD's dividend (1.96%) is higher than the bottom 25% of dividend payers in the UK market (1.5%).

High Dividend: HBHD's dividend (1.96%) is low compared to the top 25% of dividend payers in the UK market (4.55%).


Stability and Growth of Payments

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

Growing Dividend: HBHD has only been paying a dividend for 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.2%), HBHD's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HBHD's dividends in 3 years are forecast to be well covered by earnings (21.5% payout ratio).


Next Steps

Management

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

2.5yrs

Average board tenure


CEO

Albrecht Hornbach (66 yo)

no data

Tenure

€1,037,000

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 ($USD1.26M) is about average for companies of similar size in the UK market ($USD1.74M).

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


Board Members

NamePositionTenureCompensationOwnership
John Feldmann
Independent Chairman of the Supervisory Board2.5yrs€140.00kno data
Martin Hornbach
Vice Chairman of the Supervisory Board5.25yrs€84.00kno data
Susanne Wulfsberg
Member of the Supervisory Board7.5yrs€30.00k1.59%
€ 19.5m
Jens Wulfsberg
Member of Supervisory Board of HORNBACH Management AGno data€20.00kno data
Georg Hornbach
Member of Supervisory Board of HORNBACH Management AGno data€20.00kno data
Simone Krah
Independent Member of the Supervisory Board2.5yrs€34.00kno data
Melanie Thomann-Bopp
Independent Member of the Supervisory Board2.5yrs€90.00kno data
Simona Scarpaleggia
Independent Member of the Supervisory Board0.83yrno datano data

2.5yrs

Average Tenure

53yo

Average Age

Experienced Board: HBHD's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HORNBACH Holding AG & Co. KGaA
  • Ticker: HBHD
  • Exchange: BATS-CHIXE
  • Founded: 1877
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Market Cap: €1.227b
  • Shares outstanding: 16.00m
  • Website: https://www.hornbach-holding.de/de/

Number of Employees


Location

  • HORNBACH Holding AG & Co. KGaA
  • Le Quartier Hornbach 19
  • Neustadt an der Weinstraße
  • Rhineland-Palatinate
  • 67433
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HBHDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2015
HBH3SWX (SIX Swiss Exchange)YesCommon StockCHCHFOct 2015
HBHXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 2015
HBHDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2015
0RC9LSE (London Stock Exchange)YesCommon StockGBEUROct 2015
HBHWBAG (Wiener Boerse AG)YesCommon StockATEUROct 2015

Biography

HORNBACH Holding AG & Co. KGaA, through its subsidiaries, operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries. The company’s stores offer approximately 50,0...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:59
End of Day Share Price2021/01/20 00:00
Earnings2020/11/30
Annual Earnings2020/02/29


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.