HENKEL AG & CO KGAA VOR-PREF (HEN3.DE) Stock Fundamental Analysis
FRA:HEN3 - Deutsche Boerse Ag - DE0006048432 - Currency: EUR
Taking everything into account, HEN3 scores 5 out of 10 in our fundamental rating. HEN3 was compared to 7 industry peers in the Household Products industry. HEN3 has a great financial health rating, but its profitability evaluates not so good. HEN3 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
HEN3 had positive earnings in the past year.
HEN3 had a positive operating cash flow in the past year.
In the past 5 years HEN3 has always been profitable.
HEN3 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HEN3 has a Return On Assets of 4.15%. This is in the lower half of the industry: HEN3 underperforms 66.67% of its industry peers.
HEN3's Return On Equity of 6.62% is on the low side compared to the rest of the industry. HEN3 is outperformed by 66.67% of its industry peers.
With a Return On Invested Capital value of 6.89%, HEN3 is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for HEN3 is significantly below the industry average of 17.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.15% | ||
| ROE | 6.62% | ||
| ROIC | 6.89% |
ROA(3y)4.32%
ROA(5y)4.85%
ROE(3y)7.06%
ROE(5y)8.07%
ROIC(3y)7.1%
ROIC(5y)7.62%
1.3 Margins
The Profit Margin of HEN3 (6.13%) is worse than 66.67% of its industry peers.
HEN3's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 10.59%, HEN3 is doing worse than 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of HEN3 has declined.
With a Gross Margin value of 45.75%, HEN3 perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
HEN3's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.59% | ||
| PM (TTM) | 6.13% | ||
| GM | 45.75% |
OM growth 3Y-0.73%
OM growth 5Y-7.24%
PM growth 3Y-5.74%
PM growth 5Y-12.01%
GM growth 3Y-0.69%
GM growth 5Y-0.31%
2. Health
2.1 Basic Checks
HEN3 has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, HEN3 has less shares outstanding
The number of shares outstanding for HEN3 has been reduced compared to 5 years ago.
HEN3 has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.86 indicates that HEN3 is not in any danger for bankruptcy at the moment.
HEN3's Altman-Z score of 3.86 is in line compared to the rest of the industry. HEN3 outperforms 55.56% of its industry peers.
The Debt to FCF ratio of HEN3 is 0.86, which is an excellent value as it means it would take HEN3, only 0.86 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of HEN3 (0.86) is better than 88.89% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that HEN3 is not too dependend on debt financing.
HEN3's Debt to Equity ratio of 0.09 is amongst the best of the industry. HEN3 outperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.86 | ||
| Altman-Z | 3.86 |
ROIC/WACC1.02
WACC6.75%
2.3 Liquidity
HEN3 has a Current Ratio of 1.20. This is a normal value and indicates that HEN3 is financially healthy and should not expect problems in meeting its short term obligations.
HEN3 has a Current ratio of 1.20. This is amongst the best in the industry. HEN3 outperforms 88.89% of its industry peers.
A Quick Ratio of 0.88 indicates that HEN3 may have some problems paying its short term obligations.
HEN3's Quick ratio of 0.88 is amongst the best of the industry. HEN3 outperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The earnings per share for HEN3 have decreased by -9.65% in the last year.
HEN3 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.39% yearly.
Looking at the last year, HEN3 shows a small growth in Revenue. The Revenue has grown by 1.08% in the last year.
The Revenue has been growing slightly by 4.13% on average over the past years.
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%0.96%
3.2 Future
Based on estimates for the next years, HEN3 will show a small growth in Earnings Per Share. The EPS will grow by 0.10% on average per year.
HEN3 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.45% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.07, the valuation of HEN3 can be described as correct.
Based on the Price/Earnings ratio, HEN3 is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of HEN3 to the average of the S&P500 Index (29.35), we can say HEN3 is valued slightly cheaper.
With a Price/Forward Earnings ratio of 18.80, HEN3 is valued on the expensive side.
Based on the Price/Forward Earnings ratio, HEN3 is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
HEN3's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.07 | ||
| Fwd PE | 18.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HEN3 indicates a somewhat cheap valuation: HEN3 is cheaper than 77.78% of the companies listed in the same industry.
HEN3's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HEN3 is cheaper than 88.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.44 | ||
| EV/EBITDA | 11.71 |
4.3 Compensation for Growth
HEN3'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)3.66
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
5. Dividend
5.1 Amount
HEN3 has a Yearly Dividend Yield of 2.14%. Purely for dividend investing, there may be better candidates out there.
HEN3's Dividend Yield is slightly below the industry average, which is at 2.77.
HEN3's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
5.2 History
The dividend of HEN3 has a limited annual growth rate of 0.61%.
Dividend Growth(5Y)0.61%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
58.50% of the earnings are spent on dividend by HEN3. This is a bit on the high side, but may be sustainable.
The dividend of HEN3 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP58.5%
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
FRA:HEN3 (3/7/2025, 5:36:15 PM)
87.26
+0.66 (+0.76%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners33.92%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap38.22B
Analysts70.67
Price Target88.69 (1.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.14% |
Yearly Dividend1.83
Dividend Growth(5Y)0.61%
DP58.5%
Div Incr Years0
Div Non Decr Years0
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)-3.28%
Min Revenue beat(2)-3.51%
Max Revenue beat(2)-3.05%
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)0.83%
PT rev (3m)2.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.07 | ||
| Fwd PE | 18.8 | ||
| P/S | 1.78 | ||
| P/FCF | 14.44 | ||
| P/OCF | 11.74 | ||
| P/B | 1.92 | ||
| P/tB | 13.04 | ||
| EV/EBITDA | 11.71 |
EPS(TTM)5.43
EY6.22%
EPS(NY)4.64
Fwd EY5.32%
FCF(TTM)6.04
FCFY6.93%
OCF(TTM)7.43
OCFY8.52%
SpS49.12
BVpS45.49
TBVpS6.69
PEG (NY)N/A
PEG (5Y)3.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.15% | ||
| ROE | 6.62% | ||
| ROCE | 9.5% | ||
| ROIC | 6.89% | ||
| ROICexc | 7.7% | ||
| ROICexgc | 36.9% | ||
| OM | 10.59% | ||
| PM (TTM) | 6.13% | ||
| GM | 45.75% | ||
| FCFM | 12.3% |
ROA(3y)4.32%
ROA(5y)4.85%
ROE(3y)7.06%
ROE(5y)8.07%
ROIC(3y)7.1%
ROIC(5y)7.62%
ROICexc(3y)8.17%
ROICexc(5y)8.58%
ROICexgc(3y)54.6%
ROICexgc(5y)49.41%
ROCE(3y)9.89%
ROCE(5y)10.79%
ROICexcg growth 3Y-1.82%
ROICexcg growth 5Y-7.61%
ROICexc growth 3Y0.35%
ROICexc growth 5Y-6.58%
OM growth 3Y-0.73%
OM growth 5Y-7.24%
PM growth 3Y-5.74%
PM growth 5Y-12.01%
GM growth 3Y-0.69%
GM growth 5Y-0.31%
F-Score9
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.86 | ||
| Debt/EBITDA | 0.58 | ||
| Cap/Depr | 66.23% | ||
| Cap/Sales | 2.83% | ||
| Interest Coverage | 22.55 | ||
| Cash Conversion | 101.85% | ||
| Profit Quality | 200.84% | ||
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 3.86 |
F-Score9
WACC6.75%
ROIC/WACC1.02
Cap/Depr(3y)66.72%
Cap/Depr(5y)70.97%
Cap/Sales(3y)2.9%
Cap/Sales(5y)3.16%
Profit Quality(3y)114.74%
Profit Quality(5y)127.03%
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%0.96%
Revenue Next Year-4.4%
Revenue Next 2Y-0.2%
Revenue Next 3Y3.57%
Revenue Next 5Y1.45%
EBIT growth 1Y2.89%
EBIT growth 3Y3.02%
EBIT growth 5Y-5.78%
EBIT Next Year53.36%
EBIT Next 3Y18.44%
EBIT Next 5Y12.16%
FCF growth 1Y304.74%
FCF growth 3Y3.83%
FCF growth 5Y7.3%
OCF growth 1Y161.03%
OCF growth 3Y1.86%
OCF growth 5Y3.82%