HENKEL AG & CO KGAA VOR-PREF (HEN3.DE) Fundamental Analysis & Valuation

FRA:HEN3 • DE0006048432

71.1 EUR
+0.56 (+0.79%)
Last: Mar 12, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This HEN3.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, HEN3 scores 5 out of 10 in our fundamental rating. HEN3 was compared to 11 industry peers in the Household Products industry. No worries on liquidiy or solvency for HEN3 as it has an excellent financial health rating, but there are worries on the profitability. HEN3 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. HEN3.DE Profitability Analysis

1.1 Basic Checks

  • HEN3 had positive earnings in the past year.
  • HEN3 had a positive operating cash flow in the past year.
  • HEN3 had positive earnings in each of the past 5 years.
  • HEN3 had a positive operating cash flow in each of the past 5 years.
HEN3.DE Yearly Net Income VS EBIT VS OCF VS FCFHEN3.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

  • HEN3 has a worse Return On Assets (6.37%) than 63.64% of its industry peers.
  • With a Return On Equity value of 10.42%, HEN3 is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
  • The Return On Invested Capital of HEN3 (9.12%) is worse than 72.73% 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 16.54%.
  • The 3 year average ROIC (7.40%) for HEN3 is below the current ROIC(9.12%), indicating increased profibility in the last year.
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%
HEN3.DE Yearly ROA, ROE, ROICHEN3.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • HEN3 has a worse Profit Margin (9.86%) than 63.64% of its industry peers.
  • In the last couple of years the Profit Margin of HEN3 has declined.
  • The Operating Margin of HEN3 (14.36%) is worse than 72.73% of its industry peers.
  • HEN3's Operating Margin has declined in the last couple of years.
  • The Gross Margin of HEN3 (50.91%) is comparable to the rest of the industry.
  • HEN3's Gross Margin has improved in the last couple of years.
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%
HEN3.DE Yearly Profit, Operating, Gross MarginsHEN3.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. HEN3.DE Health Analysis

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 about the same amount of shares outstanding.
  • The number of shares outstanding for HEN3 has been reduced compared to 5 years ago.
  • The debt/assets ratio for HEN3 is higher compared to a year ago.
HEN3.DE Yearly Shares OutstandingHEN3.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
HEN3.DE Yearly Total Debt VS Total AssetsHEN3.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 3.44 indicates that HEN3 is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of HEN3 (3.44) is comparable to the rest of the industry.
  • The Debt to FCF ratio of HEN3 is 1.79, which is an excellent value as it means it would take HEN3, only 1.79 years of fcf income to pay off all of its debts.
  • HEN3 has a Debt to FCF ratio of 1.79. This is amongst the best in the industry. HEN3 outperforms 90.91% of its industry peers.
  • HEN3 has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
  • HEN3 has a Debt to Equity ratio of 0.10. This is amongst the best in the industry. HEN3 outperforms 90.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.79
Altman-Z 3.44
ROIC/WACC1.32
WACC6.89%
HEN3.DE Yearly LT Debt VS Equity VS FCFHEN3.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

  • 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.
  • Looking at the Current ratio, with a value of 1.21, HEN3 belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • A Quick Ratio of 0.91 indicates that HEN3 may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.91, HEN3 belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.91
HEN3.DE Yearly Current Assets VS Current LiabilitesHEN3.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. HEN3.DE Growth Analysis

3.1 Past

  • HEN3 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.65%.
  • 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.
  • Looking at the last year, HEN3 shows a small growth in Revenue. The Revenue has grown by 1.08% in the last year.
  • HEN3 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

  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
HEN3.DE Yearly Revenue VS EstimatesHEN3.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
HEN3.DE Yearly EPS VS EstimatesHEN3.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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5

4. HEN3.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.09, the valuation of HEN3 can be described as correct.
  • Based on the Price/Earnings ratio, HEN3 is valued cheaper than 90.91% of the companies in the same industry.
  • HEN3 is valuated rather cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 15.32, HEN3 is valued correctly.
  • Based on the Price/Forward Earnings ratio, HEN3 is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.27, HEN3 is valued a bit cheaper.
Industry RankSector Rank
PE 13.09
Fwd PE 15.32
HEN3.DE Price Earnings VS Forward Price EarningsHEN3.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HEN3 indicates a rather cheap valuation: HEN3 is cheaper than 90.91% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, HEN3 is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 15.02
EV/EBITDA 8.1
HEN3.DE Per share dataHEN3.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)2.98
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%

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

5

5. HEN3.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.69%, HEN3 has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.99, HEN3 has a dividend in line with its industry peers.
  • HEN3'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 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

  • 40.71% 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 earnings are growing more, so the dividend growth is sustainable.
DP40.71%
EPS Next 2Y-7.54%
EPS Next 3Y-9.55%
HEN3.DE Yearly Income VS Free CF VS DividendHEN3.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
HEN3.DE Dividend Payout.HEN3.DE Dividend Payout, showing the Payout Ratio.HEN3.DE Dividend Payout.PayoutRetained Earnings

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HEN3.DE Fundamentals: All Metrics, Ratios and Statistics

HENKEL AG & CO KGAA VOR-PREF

FRA:HEN3 (3/12/2026, 5:36:15 PM)

71.1

+0.56 (+0.79%)

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 Cap31.14B
Revenue(TTM)20.11B
Net Income(TTM)2.09B
Analysts70
Price Target81.5 (14.63%)
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 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)-3.35%
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)1.22%
PT rev (3m)-0.09%
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 13.09
Fwd PE 15.32
P/S 1.47
P/FCF 15.02
P/OCF 11.35
P/B 1.55
P/tB 11.33
EV/EBITDA 8.1
EPS(TTM)5.43
EY7.64%
EPS(NY)4.64
Fwd EY6.53%
FCF(TTM)4.73
FCFY6.66%
OCF(TTM)6.26
OCFY8.81%
SpS48.35
BVpS45.75
TBVpS6.28
PEG (NY)N/A
PEG (5Y)2.98
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 3.44
F-Score9
WACC6.89%
ROIC/WACC1.32
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 VOR-PREF / HEN3.DE FAQ

What is the fundamental rating for HEN3 stock?

ChartMill assigns a fundamental rating of 5 / 10 to HEN3.DE.


Can you provide the valuation status for HENKEL AG & CO KGAA VOR-PREF?

ChartMill assigns a valuation rating of 6 / 10 to HENKEL AG & CO KGAA VOR-PREF (HEN3.DE). This can be considered as Fairly Valued.


What is the profitability of HEN3 stock?

HENKEL AG & CO KGAA VOR-PREF (HEN3.DE) has a profitability rating of 3 / 10.


Can you provide the financial health for HEN3 stock?

The financial health rating of HENKEL AG & CO KGAA VOR-PREF (HEN3.DE) is 7 / 10.


Is the dividend of HENKEL AG & CO KGAA VOR-PREF sustainable?

The dividend rating of HENKEL AG & CO KGAA VOR-PREF (HEN3.DE) is 5 / 10 and the dividend payout ratio is 40.71%.