HENKEL AG & CO KGAA VOR-PREF (HEN3.DE) Stock Fundamental Analysis
Europe - FRA:HEN3 - DE0006048432
69.66 EUR
-0.35 (-0.5%)
We assign a fundamental rating of 5 out of 10 to HEN3. HEN3 was compared to 8 industry peers in the Household Products industry. While HEN3 has a great health rating, there are worries on its profitability. 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.
In the past year HEN3 had a positive cash flow from operations.
Each year in the past 5 years HEN3 has been profitable.
Each year in the past 5 years HEN3 had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 5.69%, HEN3 is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
HEN3 has a Return On Equity of 9.24%. This is in the lower half of the industry: HEN3 underperforms 75.00% of its industry peers.
HEN3's Return On Invested Capital of 8.43% is on the low side compared to the rest of the industry. HEN3 is outperformed by 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HEN3 is significantly below the industry average of 18.07%.
The last Return On Invested Capital (8.43%) for HEN3 is above the 3 year average (7.40%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.69% | ||
| ROE | 9.24% | ||
| ROIC | 8.43% |
ROA(3y)4.55%
ROA(5y)4.66%
ROE(3y)7.37%
ROE(5y)7.67%
ROIC(3y)7.4%
ROIC(5y)7.4%
1.3 Margins
HEN3's Profit Margin of 9.30% is on the low side compared to the rest of the industry. HEN3 is outperformed by 62.50% of its industry peers.
In the last couple of years the Profit Margin of HEN3 has declined.
Looking at the Operating Margin, with a value of 14.05%, HEN3 is doing worse than 75.00% of the companies in the same industry.
HEN3's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 50.60%, HEN3 is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
HEN3's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.05% | ||
| PM (TTM) | 9.3% | ||
| GM | 50.6% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEN3 is still creating some value.
HEN3 has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, HEN3 has less shares outstanding
The debt/assets ratio for HEN3 is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.22 indicates that HEN3 is not in any danger for bankruptcy at the moment.
HEN3 has a better Altman-Z score (3.22) than 75.00% of its industry peers.
HEN3 has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
HEN3's Debt to FCF ratio of 1.43 is amongst the best of the industry. HEN3 outperforms 87.50% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that HEN3 is not too dependend on debt financing.
The Debt to Equity ratio of HEN3 (0.09) is better than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 3.22 |
ROIC/WACC1.25
WACC6.77%
2.3 Liquidity
HEN3 has a Current Ratio of 1.21. 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 better Current ratio (1.21) than 87.50% of its industry peers.
A Quick Ratio of 0.93 indicates that HEN3 may have some problems paying its short term obligations.
The Quick ratio of HEN3 (0.93) is better than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The earnings per share for HEN3 have decreased by -9.65% in the last year.
Measured over the past 5 years, HEN3 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.
Measured over the past years, HEN3 shows a small growth in Revenue. The Revenue has been growing by 4.13% on average per year.
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%-6.11%
3.2 Future
HEN3 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.10% yearly.
The Revenue is expected to grow by 1.45% on average over the next years.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
HEN3 is valuated correctly with a Price/Earnings ratio of 12.83.
Compared to the rest of the industry, the Price/Earnings ratio of HEN3 indicates a rather cheap valuation: HEN3 is cheaper than 87.50% of the companies listed in the same industry.
HEN3 is valuated cheaply when we compare the Price/Earnings ratio to 27.76, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 15.01 indicates a correct valuation of HEN3.
HEN3's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. HEN3 is cheaper than 75.00% of the companies in the same industry.
HEN3 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.83 | ||
| Fwd PE | 15.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HEN3 is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
HEN3's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HEN3 is cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.23 | ||
| EV/EBITDA | 7.54 |
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)2.92
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
5. Dividend
5.1 Amount
HEN3 has a Yearly Dividend Yield of 2.92%. Purely for dividend investing, there may be better candidates out there.
HEN3's Dividend Yield is a higher than the industry average which is at 3.18.
HEN3's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
5.2 History
The dividend of HEN3 has a limited annual growth rate of 0.01%.
Dividend Growth(5Y)0.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
38.42% of the earnings are spent on dividend by HEN3. This is a low number and sustainable payout ratio.
The dividend of HEN3 is growing, but earnings are growing more, so the dividend growth is sustainable.
DP38.42%
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
FRA:HEN3 (10/8/2025, 9:52:56 AM)
69.66
-0.35 (-0.5%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupHousehold & Personal Products
GICS IndustryHousehold Products
Earnings (Last)
Earnings (Next)
Inst Owners33.43%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap30.51B
Analysts73.1
Price Target82.4 (18.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
Yearly Dividend1.84
Dividend Growth(5Y)0.01%
DP38.42%
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)-3.07%
Min Revenue beat(2)-4.15%
Max Revenue beat(2)-1.99%
Revenue beat(4)0
Avg Revenue beat(4)-2.84%
Min Revenue beat(4)-4.15%
Max Revenue beat(4)-1.2%
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)0.35%
PT rev (3m)-0.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.1%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.86%
Revenue NY rev (3m)-4.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.83 | ||
| Fwd PE | 15.01 | ||
| P/S | 1.41 | ||
| P/FCF | 12.23 | ||
| P/OCF | 9.78 | ||
| P/B | 1.4 | ||
| P/tB | 10.34 | ||
| EV/EBITDA | 7.54 |
EPS(TTM)5.43
EY7.8%
EPS(NY)4.64
Fwd EY6.66%
FCF(TTM)5.69
FCFY8.17%
OCF(TTM)7.12
OCFY10.23%
SpS49.29
BVpS49.62
TBVpS6.74
PEG (NY)N/A
PEG (5Y)2.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.69% | ||
| ROE | 9.24% | ||
| ROCE | 11.58% | ||
| ROIC | 8.43% | ||
| ROICexc | 9.96% | ||
| ROICexgc | 65.47% | ||
| OM | 14.05% | ||
| PM (TTM) | 9.3% | ||
| GM | 50.6% | ||
| FCFM | 11.55% |
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%
ROICexcg growth 3Y-20.16%
ROICexcg 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-Score7
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.43 | ||
| Debt/EBITDA | 0.53 | ||
| Cap/Depr | 75.79% | ||
| Cap/Sales | 2.9% | ||
| Interest Coverage | 29.44 | ||
| Cash Conversion | 80.87% | ||
| Profit Quality | 124.27% | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 3.22 |
F-Score7
WACC6.77%
ROIC/WACC1.25
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%-6.11%
Revenue Next Year-4.4%
Revenue Next 2Y-0.2%
Revenue Next 3Y3.57%
Revenue Next 5Y1.45%
EBIT growth 1Y33.1%
EBIT growth 3Y8.09%
EBIT growth 5Y-0.92%
EBIT Next Year24.69%
EBIT Next 3Y10.1%
EBIT Next 5Y7.3%
FCF growth 1Y-5.78%
FCF growth 3Y18.63%
FCF growth 5Y-0.55%
OCF growth 1Y-4.15%
OCF growth 3Y13.37%
OCF growth 5Y-0.76%