HORNBACH Holding KGaA
Market Cap
€1.2b
Last Updated
2021/01/21 18:59 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 11.4% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with solid track record.
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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
| HBHD | Industry | Market | |
|---|---|---|---|
| 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 Year | 34.1%31.5% | 1.2%0.9% | -2.7%-6.5% |
| 3 Year | 12.1%4.2% | 12.7%5.0% | 5.1%-7.7% |
| 5 Year | 54.2%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Supervisory Board | 2.5yrs | €140.00k | no data | |
| Vice Chairman of the Supervisory Board | 5.25yrs | €84.00k | no data | |
| Member of the Supervisory Board | 7.5yrs | €30.00k | 1.59% € 19.5m | |
| Member of Supervisory Board of HORNBACH Management AG | no data | €20.00k | no data | |
| Member of Supervisory Board of HORNBACH Management AG | no data | €20.00k | no data | |
| Independent Member of the Supervisory Board | 2.5yrs | €34.00k | no data | |
| Independent Member of the Supervisory Board | 2.5yrs | €90.00k | no data | |
| Independent Member of the Supervisory Board | 0.83yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HBH | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2015 |
| HBH3 | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Oct 2015 |
| HBH | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Oct 2015 |
| HBHD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Oct 2015 |
| 0RC9 | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Oct 2015 |
| HBH | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 18:59 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/11/30 |
| Annual Earnings | 2020/02/29 |
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.