HAMBORNER REIT AG (HABA.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:HABA • DE000A3H2333

4.8 EUR
+0.04 (+0.84%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to HABA. HABA was compared to 42 industry peers in the Diversified REITs industry. HABA has a bad profitability rating. Also its financial health evaluation is rather negative. HABA has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year HABA was profitable.
  • In the past year HABA had a positive cash flow from operations.
  • In multiple years HABA reported negative net income over the last 5 years.
  • HABA had a positive operating cash flow in each of the past 5 years.
HABA.DE Yearly Net Income VS EBIT VS OCF VS FCFHABA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M

1.2 Ratios

  • HABA has a Return On Assets (1.33%) which is comparable to the rest of the industry.
  • HABA's Return On Equity of 3.64% is in line compared to the rest of the industry. HABA outperforms 45.24% of its industry peers.
  • The Return On Invested Capital of HABA (1.76%) is worse than 76.19% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for HABA is in line with the industry average of 3.45%.
Industry RankSector Rank
ROA 1.33%
ROE 3.64%
ROIC 1.76%
ROA(3y)0.8%
ROA(5y)1.18%
ROE(3y)2.21%
ROE(5y)3.11%
ROIC(3y)4.38%
ROIC(5y)4.31%
HABA.DE Yearly ROA, ROE, ROICHABA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

1.3 Margins

  • HABA has a Profit Margin of 13.62%. This is comparable to the rest of the industry: HABA outperforms 40.48% of its industry peers.
  • HABA's Profit Margin has declined in the last couple of years.
  • HABA's Operating Margin of 21.79% is on the low side compared to the rest of the industry. HABA is outperformed by 76.19% of its industry peers.
  • In the last couple of years the Operating Margin of HABA has declined.
  • The Gross Margin of HABA (84.45%) is better than 76.19% of its industry peers.
  • In the last couple of years the Gross Margin of HABA has declined.
Industry RankSector Rank
OM 21.79%
PM (TTM) 13.62%
GM 84.45%
OM growth 3Y-2.77%
OM growth 5Y-1.69%
PM growth 3Y-34.65%
PM growth 5Y-3.08%
GM growth 3Y-2.82%
GM growth 5Y-1.99%
HABA.DE Yearly Profit, Operating, Gross MarginsHABA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HABA is still creating some value.
  • HABA has about the same amout of shares outstanding than it did 1 year ago.
  • HABA has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HABA has an improved debt to assets ratio.
HABA.DE Yearly Shares OutstandingHABA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
HABA.DE Yearly Total Debt VS Total AssetsHABA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of 0.41, we must say that HABA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.41, HABA is doing worse than 78.57% of the companies in the same industry.
  • HABA has a debt to FCF ratio of 10.82. This is a negative value and a sign of low solvency as HABA would need 10.82 years to pay back of all of its debts.
  • HABA has a better Debt to FCF ratio (10.82) than 69.05% of its industry peers.
  • HABA has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
  • HABA has a Debt to Equity ratio of 1.28. This is amonst the worse of the industry: HABA underperforms 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF 10.82
Altman-Z 0.41
ROIC/WACC0.47
WACC3.73%
HABA.DE Yearly LT Debt VS Equity VS FCFHABA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 0.17 indicates that HABA may have some problems paying its short term obligations.
  • The Current ratio of HABA (0.17) is worse than 76.19% of its industry peers.
  • A Quick Ratio of 0.17 indicates that HABA may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.17, HABA is doing worse than 76.19% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.17
Quick Ratio 0.17
HABA.DE Yearly Current Assets VS Current LiabilitesHABA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • HABA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 91.90%, which is quite impressive.
  • The Earnings Per Share has been decreasing by -2.27% on average over the past years.
  • The Revenue has decreased by -3.53% in the past year.
  • Measured over the past years, HABA shows a small growth in Revenue. The Revenue has been growing by 1.25% on average per year.
EPS 1Y (TTM)91.9%
EPS 3Y-33.15%
EPS 5Y-2.27%
EPS Q2Q%-40%
Revenue 1Y (TTM)-3.53%
Revenue growth 3Y2.42%
Revenue growth 5Y1.25%
Sales Q2Q%-6.46%

3.2 Future

  • HABA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.84% yearly.
  • The Revenue is expected to grow by 3.90% on average over the next years.
EPS Next Y5%
EPS Next 2Y17.62%
EPS Next 3Y-8.92%
EPS Next 5Y-7.84%
Revenue Next Year2.77%
Revenue Next 2Y2.06%
Revenue Next 3Y2.1%
Revenue Next 5Y3.9%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HABA.DE Yearly Revenue VS EstimatesHABA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20M 40M 60M 80M 100M
HABA.DE Yearly EPS VS EstimatesHABA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • HABA is valuated quite expensively with a Price/Earnings ratio of 28.24.
  • HABA's Price/Earnings ratio is a bit more expensive when compared to the industry. HABA is more expensive than 64.29% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HABA to the average of the S&P500 Index (27.93), we can say HABA is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 22.68, the valuation of HABA can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, HABA is valued a bit more expensive than the industry average as 78.57% of the companies are valued more cheaply.
  • HABA is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 28.24
Fwd PE 22.68
HABA.DE Price Earnings VS Forward Price EarningsHABA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HABA is valued a bit cheaper than the industry average as 69.05% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, HABA is valued cheaply inside the industry as 90.48% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.71
EV/EBITDA 16.23
HABA.DE Per share dataHABA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HABA does not grow enough to justify the current Price/Earnings ratio.
  • A cheap valuation may be justified as HABA's earnings are expected to decrease with -8.92% in the coming years.
PEG (NY)5.65
PEG (5Y)N/A
EPS Next 2Y17.62%
EPS Next 3Y-8.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • HABA has a Yearly Dividend Yield of 10.08%, which is a nice return.
  • HABA's Dividend Yield is rather good when compared to the industry average which is at 5.29. HABA pays more dividend than 95.24% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, HABA pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.08%

5.2 History

  • The dividend of HABA has a limited annual growth rate of 0.85%.
Dividend Growth(5Y)0.85%
Div Incr Years1
Div Non Decr Years2
HABA.DE Yearly Dividends per shareHABA.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 280.82% of the earnings are spent on dividend by HABA. This is not a sustainable payout ratio.
  • HABA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP280.82%
EPS Next 2Y17.62%
EPS Next 3Y-8.92%
HABA.DE Yearly Income VS Free CF VS DividendHABA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M
HABA.DE Dividend Payout.HABA.DE Dividend Payout, showing the Payout Ratio.HABA.DE Dividend Payout.PayoutRetained Earnings

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HAMBORNER REIT AG

FRA:HABA (2/6/2026, 7:00:00 PM)

4.8

+0.04 (+0.84%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-06
Earnings (Next)02-26
Inst Owners9.47%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap390.43M
Revenue(TTM)102.07M
Net Income(TTM)13.90M
Analysts85.45
Price Target8.57 (78.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.08%
Yearly Dividend0.48
Dividend Growth(5Y)0.85%
DP280.82%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.44%
PT rev (3m)1.82%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)9.38%
EPS NY rev (3m)2.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 28.24
Fwd PE 22.68
P/S 3.83
P/FCF 6.71
P/OCF 6.27
P/B 1.02
P/tB 1.02
EV/EBITDA 16.23
EPS(TTM)0.17
EY3.54%
EPS(NY)0.21
Fwd EY4.41%
FCF(TTM)0.72
FCFY14.91%
OCF(TTM)0.77
OCFY15.95%
SpS1.25
BVpS4.69
TBVpS4.69
PEG (NY)5.65
PEG (5Y)N/A
Graham Number4.24
Profitability
Industry RankSector Rank
ROA 1.33%
ROE 3.64%
ROCE 2.49%
ROIC 1.76%
ROICexc 1.8%
ROICexgc 1.8%
OM 21.79%
PM (TTM) 13.62%
GM 84.45%
FCFM 57.05%
ROA(3y)0.8%
ROA(5y)1.18%
ROE(3y)2.21%
ROE(5y)3.11%
ROIC(3y)4.38%
ROIC(5y)4.31%
ROICexc(3y)4.7%
ROICexc(5y)4.59%
ROICexgc(3y)4.7%
ROICexgc(5y)4.59%
ROCE(3y)6.22%
ROCE(5y)6.12%
ROICexgc growth 3Y6.61%
ROICexgc growth 5Y4.56%
ROICexc growth 3Y6.62%
ROICexc growth 5Y4.57%
OM growth 3Y-2.77%
OM growth 5Y-1.69%
PM growth 3Y-34.65%
PM growth 5Y-3.08%
GM growth 3Y-2.82%
GM growth 5Y-1.99%
F-Score6
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF 10.82
Debt/EBITDA 7.91
Cap/Depr 10.27%
Cap/Sales 3.96%
Interest Coverage 1.73
Cash Conversion 101.17%
Profit Quality 418.79%
Current Ratio 0.17
Quick Ratio 0.17
Altman-Z 0.41
F-Score6
WACC3.73%
ROIC/WACC0.47
Cap/Depr(3y)68.4%
Cap/Depr(5y)102.67%
Cap/Sales(3y)28.66%
Cap/Sales(5y)46.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)91.9%
EPS 3Y-33.15%
EPS 5Y-2.27%
EPS Q2Q%-40%
EPS Next Y5%
EPS Next 2Y17.62%
EPS Next 3Y-8.92%
EPS Next 5Y-7.84%
Revenue 1Y (TTM)-3.53%
Revenue growth 3Y2.42%
Revenue growth 5Y1.25%
Sales Q2Q%-6.46%
Revenue Next Year2.77%
Revenue Next 2Y2.06%
Revenue Next 3Y2.1%
Revenue Next 5Y3.9%
EBIT growth 1Y8.76%
EBIT growth 3Y-0.43%
EBIT growth 5Y-0.46%
EBIT Next Year135.35%
EBIT Next 3Y34.7%
EBIT Next 5Y21.04%
FCF growth 1Y43.87%
FCF growth 3YN/A
FCF growth 5Y34.87%
OCF growth 1Y-8.94%
OCF growth 3Y-3.19%
OCF growth 5Y-2.3%

HAMBORNER REIT AG / HABA.DE FAQ

What is the ChartMill fundamental rating of HAMBORNER REIT AG (HABA.DE) stock?

ChartMill assigns a fundamental rating of 3 / 10 to HABA.DE.


What is the valuation status for HABA stock?

ChartMill assigns a valuation rating of 3 / 10 to HAMBORNER REIT AG (HABA.DE). This can be considered as Overvalued.


How profitable is HAMBORNER REIT AG (HABA.DE) stock?

HAMBORNER REIT AG (HABA.DE) has a profitability rating of 3 / 10.


What are the PE and PB ratios of HAMBORNER REIT AG (HABA.DE) stock?

The Price/Earnings (PE) ratio for HAMBORNER REIT AG (HABA.DE) is 28.24 and the Price/Book (PB) ratio is 1.02.


What is the expected EPS growth for HAMBORNER REIT AG (HABA.DE) stock?

The Earnings per Share (EPS) of HAMBORNER REIT AG (HABA.DE) is expected to grow by 5% in the next year.