WATCH HORNBACH Holding AG & Co. KGaA (HBH.DE)
Consumer Cyclical · Home Improvement Retail · GER · Germany
58
Final Score
27.0%
Margin of Safety
46
Quality Score
€83.50
Current Price
€1.3B
Market Cap
Key Metrics
Pe Ratio
10.08
Forward Pe
8.70
Pb Ratio
0.62
Ev Ebitda
7.07
Roe
6.2%
Gross Margin
34.9%
Operating Margin
8.0%
Net Margin
2.0%
Dividend Yield
290.0%
Debt To Equity
90.62
Current Ratio
1.69
Beta
1.00
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
€91.45
Base
€114.32
High
€137.18
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
10.08
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
4.00
Fcf Lookback
4.00
Debt To Equity
0.91
Current Ratio
1.69
Dilution Cagr
0.00
Stage B — Quality Score: 46/100
Stage C — Cyclicality: LOW
Normalized EPS
€8.78
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 16.5 |
| Earnings Quality | 11.5 |
| Balance Sheet | 13.0 |
| Stability | 12.0 |
| Moat Proxies | 5.2 |
Top Drivers
- Modest discount: 27% margin of safety (price €83.50 vs intrinsic €114.32).
- Reasonable P/E of 10.1x — below long-run market average (~15-17x), suggesting the stock is not overpriced.
- Conservative leverage: D/E ratio of 0.91x is well within Graham's maximum of 1.0x, reducing insolvency risk.
- Low cyclicality: earnings are relatively stable and predictable, making intrinsic value estimates more reliable.
Top Risks
- No significant risks identified in this analysis.
Financial History
| Year | Revenue | Gross Profit | Operating Income | Net Income | EPS |
|---|---|---|---|---|---|
| 2022 | N/A | N/A | N/A | N/A | €N/A |
| 2023 | €6.3B | €2.1B | €270.7M | €157.1M | €9.83 |
| 2024 | €6.2B | €2.1B | €233.4M | €125.1M | €7.83 |
| 2025 | €6.2B | €2.2B | €265.7M | €140.7M | €8.80 |
| 2026 | €6.4B | €2.2B | €272.4M | €138.4M | €8.66 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2022 | N/A | N/A | N/A |
| 2023 | €425.4M | €-203.4M | €222.0M |
| 2024 | €454.9M | €-170.5M | €284.4M |
| 2025 | €318.4M | €-183.9M | €134.5M |
| 2026 | €374.7M | €-220.4M | €154.3M |