HENKEL AG & CO KGAA (HEN.DE) Fundamental Analysis & Valuation

FRA:HEN • DE0006048408

66.05 EUR
-1.9 (-2.8%)
Last: Mar 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This HEN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, HEN scores 5 out of 10 in our fundamental rating. HEN was compared to 11 industry peers in the Household Products industry. While HEN has a great health rating, its profitability is only average at the moment. HEN has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. HEN.DE Profitability Analysis

1.1 Basic Checks

  • HEN had positive earnings in the past year.
  • HEN had a positive operating cash flow in the past year.
  • In the past 5 years HEN has always been profitable.
  • Each year in the past 5 years HEN had a positive operating cash flow.
HEN.DE Yearly Net Income VS EBIT VS OCF VS FCFHEN.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 1B 2B 3B

1.2 Ratios

  • HEN has a Return On Assets of 6.37%. This is comparable to the rest of the industry: HEN outperforms 45.45% of its industry peers.
  • HEN has a Return On Equity (10.42%) which is in line with its industry peers.
  • HEN's Return On Invested Capital of 9.12% is on the low side compared to the rest of the industry. HEN is outperformed by 63.64% of its industry peers.
  • HEN had an Average Return On Invested Capital over the past 3 years of 7.40%. This is significantly below the industry average of 16.54%.
  • The last Return On Invested Capital (9.12%) for HEN is above the 3 year average (7.40%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.37%
ROE 10.42%
ROIC 9.12%
ROA(3y)4.55%
ROA(5y)4.66%
ROE(3y)7.37%
ROE(5y)7.67%
ROIC(3y)7.4%
ROIC(5y)7.4%
HEN.DE Yearly ROA, ROE, ROICHEN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • HEN has a Profit Margin (9.86%) which is in line with its industry peers.
  • HEN's Profit Margin has declined in the last couple of years.
  • HEN has a Operating Margin of 14.36%. This is in the lower half of the industry: HEN underperforms 63.64% of its industry peers.
  • HEN's Operating Margin has declined in the last couple of years.
  • HEN has a better Gross Margin (50.91%) than 63.64% of its industry peers.
  • In the last couple of years the Gross Margin of HEN has grown nicely.
Industry RankSector Rank
OM 14.36%
PM (TTM) 9.86%
GM 50.91%
OM growth 3Y5.49%
OM growth 5Y-2.31%
PM growth 3Y4.52%
PM growth 5Y-2.15%
GM growth 3Y3.84%
GM growth 5Y1.81%
HEN.DE Yearly Profit, Operating, Gross MarginsHEN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. HEN.DE Health Analysis

2.1 Basic Checks

  • HEN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for HEN remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for HEN has been reduced compared to 5 years ago.
  • HEN has a worse debt/assets ratio than last year.
HEN.DE Yearly Shares OutstandingHEN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
HEN.DE Yearly Total Debt VS Total AssetsHEN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 3.39 indicates that HEN is not in any danger for bankruptcy at the moment.
  • With a Altman-Z score value of 3.39, HEN is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of HEN is 1.79, which is an excellent value as it means it would take HEN, only 1.79 years of fcf income to pay off all of its debts.
  • HEN has a better Debt to FCF ratio (1.79) than 100.00% of its industry peers.
  • HEN has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
  • HEN's Debt to Equity ratio of 0.10 is amongst the best of the industry. HEN outperforms 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.79
Altman-Z 3.39
ROIC/WACC1.33
WACC6.86%
HEN.DE Yearly LT Debt VS Equity VS FCFHEN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • HEN has a Current Ratio of 1.21. This is a normal value and indicates that HEN is financially healthy and should not expect problems in meeting its short term obligations.
  • HEN has a better Current ratio (1.21) than 100.00% of its industry peers.
  • HEN has a Quick Ratio of 1.21. This is a bad value and indicates that HEN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HEN has a Quick ratio of 0.91. This is amongst the best in the industry. HEN outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.91
HEN.DE Yearly Current Assets VS Current LiabilitesHEN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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

3

3. HEN.DE Growth Analysis

3.1 Past

  • The earnings per share for HEN have decreased by -9.65% in the last year.
  • Measured over the past 5 years, HEN shows a small growth in Earnings Per Share. The EPS has been growing by 4.39% on average per year.
  • The Revenue has been growing slightly by 1.08% in the past year.
  • HEN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.13% yearly.
EPS 1Y (TTM)-9.65%
EPS 3Y0.43%
EPS 5Y4.39%
EPS Q2Q%N/A
Revenue 1Y (TTM)1.08%
Revenue growth 3Y2.43%
Revenue growth 5Y4.13%
Sales Q2Q%-6.28%

3.2 Future

  • HEN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.10% yearly.
  • Based on estimates for the next years, HEN will show a small growth in Revenue. The Revenue will grow by 1.45% on average per year.
EPS Next Y-19.66%
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
EPS Next 5Y0.1%
Revenue Next Year-4.4%
Revenue Next 2Y-0.2%
Revenue Next 3Y3.57%
Revenue Next 5Y1.45%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HEN.DE Yearly Revenue VS EstimatesHEN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B 20B 25B
HEN.DE Yearly EPS VS EstimatesHEN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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6

4. HEN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.16, the valuation of HEN can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of HEN indicates a rather cheap valuation: HEN is cheaper than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.15, HEN is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 14.23, the valuation of HEN can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HEN indicates a rather cheap valuation: HEN is cheaper than 90.91% of the companies listed in the same industry.
  • HEN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.27.
Industry RankSector Rank
PE 12.16
Fwd PE 14.23
HEN.DE Price Earnings VS Forward Price EarningsHEN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 100.00% of the companies in the same industry are more expensive than HEN, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, HEN is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.95
EV/EBITDA 7.8
HEN.DE Per share dataHEN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • HEN's earnings are expected to decrease with -9.55% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.77
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%

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

4

5. HEN.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.69%, HEN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.99, HEN is paying slightly less dividend.
  • HEN's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.69%

5.2 History

  • The dividend of HEN has a limited annual growth rate of 0.01%.
Dividend Growth(5Y)0.01%
Div Incr Years1
Div Non Decr Years4
HEN.DE Yearly Dividends per shareHEN.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • HEN pays out 40.71% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of HEN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.71%
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
HEN.DE Yearly Income VS Free CF VS DividendHEN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B
HEN.DE Dividend Payout.HEN.DE Dividend Payout, showing the Payout Ratio.HEN.DE Dividend Payout.PayoutRetained Earnings

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HEN.DE Fundamentals: All Metrics, Ratios and Statistics

HENKEL AG & CO KGAA

FRA:HEN (3/11/2026, 7:00:00 PM)

66.05

-1.9 (-2.8%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)11-06
Earnings (Next)03-11
Inst Owners33.71%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap28.93B
Revenue(TTM)20.11B
Net Income(TTM)2.09B
Analysts70
Price Target74.69 (13.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.69%
Yearly Dividend1.84
Dividend Growth(5Y)0.01%
DP40.71%
Div Incr Years1
Div Non Decr Years4
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)0
Avg Revenue beat(2)-3.35%
Min Revenue beat(2)-4.11%
Max Revenue beat(2)-2.58%
Revenue beat(4)0
Avg Revenue beat(4)-3.21%
Min Revenue beat(4)-4.15%
Max Revenue beat(4)-1.99%
Revenue beat(8)0
Avg Revenue beat(8)-3.07%
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)-0.98%
PT rev (3m)-2.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.26%
Valuation
Industry RankSector Rank
PE 12.16
Fwd PE 14.23
P/S 1.37
P/FCF 13.95
P/OCF 10.55
P/B 1.44
P/tB 10.52
EV/EBITDA 7.8
EPS(TTM)5.43
EY8.22%
EPS(NY)4.64
Fwd EY7.03%
FCF(TTM)4.73
FCFY7.17%
OCF(TTM)6.26
OCFY9.48%
SpS48.35
BVpS45.75
TBVpS6.28
PEG (NY)N/A
PEG (5Y)2.77
Graham Number74.76
Profitability
Industry RankSector Rank
ROA 6.37%
ROE 10.42%
ROCE 12.54%
ROIC 9.12%
ROICexc 10.62%
ROICexgc 62.53%
OM 14.36%
PM (TTM) 9.86%
GM 50.91%
FCFM 9.79%
ROA(3y)4.55%
ROA(5y)4.66%
ROE(3y)7.37%
ROE(5y)7.67%
ROIC(3y)7.4%
ROIC(5y)7.4%
ROICexc(3y)8.21%
ROICexc(5y)8.46%
ROICexgc(3y)38.07%
ROICexgc(5y)50.87%
ROCE(3y)10.33%
ROCE(5y)10.33%
ROICexgc growth 3Y-20.16%
ROICexgc growth 5Y2.75%
ROICexc growth 3Y0.22%
ROICexc growth 5Y-1.51%
OM growth 3Y5.49%
OM growth 5Y-2.31%
PM growth 3Y4.52%
PM growth 5Y-2.15%
GM growth 3Y3.84%
GM growth 5Y1.81%
F-Score9
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.79
Debt/EBITDA 0.53
Cap/Depr 90.54%
Cap/Sales 3.16%
Interest Coverage 25.33
Cash Conversion 72.57%
Profit Quality 99.28%
Current Ratio 1.21
Quick Ratio 0.91
Altman-Z 3.39
F-Score9
WACC6.86%
ROIC/WACC1.33
Cap/Depr(3y)69.93%
Cap/Depr(5y)68.24%
Cap/Sales(3y)2.79%
Cap/Sales(5y)3.06%
Profit Quality(3y)125.68%
Profit Quality(5y)127.29%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.65%
EPS 3Y0.43%
EPS 5Y4.39%
EPS Q2Q%N/A
EPS Next Y-19.66%
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
EPS Next 5Y0.1%
Revenue 1Y (TTM)1.08%
Revenue growth 3Y2.43%
Revenue growth 5Y4.13%
Sales Q2Q%-6.28%
Revenue Next Year-4.4%
Revenue Next 2Y-0.2%
Revenue Next 3Y3.57%
Revenue Next 5Y1.45%
EBIT growth 1Y7.12%
EBIT growth 3Y8.09%
EBIT growth 5Y-0.92%
EBIT Next Year23.01%
EBIT Next 3Y9.29%
EBIT Next 5Y5.44%
FCF growth 1Y44.97%
FCF growth 3Y18.63%
FCF growth 5Y-0.55%
OCF growth 1Y34.86%
OCF growth 3Y13.37%
OCF growth 5Y-0.76%

HENKEL AG & CO KGAA / HEN.DE FAQ

Can you provide the ChartMill fundamental rating for HENKEL AG & CO KGAA?

ChartMill assigns a fundamental rating of 5 / 10 to HEN.DE.


What is the valuation status for HEN stock?

ChartMill assigns a valuation rating of 6 / 10 to HENKEL AG & CO KGAA (HEN.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for HENKEL AG & CO KGAA?

HENKEL AG & CO KGAA (HEN.DE) has a profitability rating of 4 / 10.


What is the expected EPS growth for HENKEL AG & CO KGAA (HEN.DE) stock?

The Earnings per Share (EPS) of HENKEL AG & CO KGAA (HEN.DE) is expected to decline by -19.66% in the next year.


Can you provide the dividend sustainability for HEN stock?

The dividend rating of HENKEL AG & CO KGAA (HEN.DE) is 4 / 10 and the dividend payout ratio is 40.71%.