Financials Henkel AG & Co. KGaA

Equities

HEN3

DE0006048432

Specialty Chemicals

Real-time Estimate Tradegate 04:27:11 2024-04-23 am EDT 5-day change 1st Jan Change
72.59 EUR -1.96% Intraday chart for Henkel AG & Co. KGaA +2.06% -0.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 37,910 36,577 30,243 26,475 28,729 29,228 - -
Enterprise Value (EV) 1 39,955 38,052 31,279 28,294 28,729 28,514 27,258 25,840
P/E ratio 19.2 x 28.4 x 18.8 x 22 x 23.1 x 17.6 x 16.1 x 15.8 x
Yield 2.01% 2% 2.57% 2.85% - 2.61% 2.72% 2.77%
Capitalization / Revenue 1.88 x 1.9 x 1.51 x 1.13 x 1.34 x 1.36 x 1.32 x 1.28 x
EV / Revenue 1.99 x 1.98 x 1.56 x 1.21 x 1.34 x 1.33 x 1.23 x 1.13 x
EV / EBITDA 10 x 10.4 x 9.21 x 9.83 x 8.27 x 7.96 x 7.21 x 6.6 x
EV / FCF 15.6 x 16.1 x 21.2 x 43.3 x - 15.2 x 14.1 x 13.4 x
FCF Yield 6.42% 6.22% 4.73% 2.31% - 6.59% 7.11% 7.46%
Price to Book 2.16 x 2.25 x 1.57 x 1.37 x - 1.49 x 1.41 x 1.33 x
Nbr of stocks (in thousands) 434,278 434,143 434,032 426,105 422,091 419,327 - -
Reference price 2 92.20 92.30 71.14 65.02 72.86 74.04 74.04 74.04
Announcement Date 3/5/20 3/4/21 2/23/22 3/7/23 3/4/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,114 19,250 20,066 23,397 21,514 21,486 22,162 22,893
EBITDA 1 3,977 3,675 3,395 2,879 3,474 3,582 3,781 3,918
EBIT 1 3,220 2,579 2,686 2,319 2,556 2,741 2,928 3,057
Operating Margin 16.01% 13.4% 13.39% 9.91% 11.88% 12.76% 13.21% 13.35%
Earnings before Tax (EBT) 1 2,811 1,925 2,149 1,689 1,888 2,507 2,746 2,776
Net income 1 2,085 1,408 1,634 1,259 1,318 1,778 1,938 1,977
Net margin 10.37% 7.31% 8.14% 5.38% 6.13% 8.27% 8.75% 8.63%
EPS 2 4.810 3.250 3.780 2.950 3.150 4.208 4.602 4.679
Free Cash Flow 1 2,564 2,365 1,478 654 - 1,880 1,939 1,928
FCF margin 12.75% 12.29% 7.37% 2.8% - 8.75% 8.75% 8.42%
FCF Conversion (EBITDA) 64.47% 64.35% 43.53% 22.72% - 52.48% 51.28% 49.22%
FCF Conversion (Net income) 122.97% 167.97% 90.45% 51.95% - 105.76% 100.02% 97.56%
Dividend per Share 2 1.850 1.850 1.830 1.850 - 1.929 2.013 2.049
Announcement Date 3/5/20 3/4/21 2/23/22 3/7/23 3/4/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1
Net sales 1 10,024 9,485 9,765 9,926 5,092 5,047 10,140 5,271 5,642 10,913 5,976 5,509 11,485 5,609 5,317 10,926 5,440 5,148 10,588 5,270 5,230 - 5,560 5,340 - -
EBITDA - - 2,099 1,810 - - 1,613 - - 1,536 - - 1,343 - - 1,675 - - 1,799 - - - - - - -
EBIT 1,579 1,191 1,388 1,430 - - 1,256 - - 1,166 - - 1,153 - - 1,254 - - 1,302 - - - - - - -
Operating Margin 15.75% 12.56% 14.21% 14.41% - - 12.39% - - 10.68% - - 10.04% - - 11.48% - - 12.3% - - - - - - -
Earnings before Tax (EBT) - - 883 1,267 - - - - - - - - - - - - - - - - - - - - - -
Net income 1 997 - 632 - - - - 223.5 223.5 - - - - - - - - - - 443.7 443.7 - 451 451 - -
Net margin 9.95% - 6.47% - - - - 4.24% 3.96% - - - - - - - - - - 8.42% 8.48% - 8.11% 8.45% - -
EPS 2 2.300 - - 2.180 - - - 0.5200 0.5200 - - - - - - - - - - 1.060 1.060 - 1.077 1.077 - -
Dividend per Share 2 - - - - - - - - - - - - - - - - - - - 0.4865 0.4865 - 0.4865 0.4865 - 0.5058
Announcement Date 3/5/20 8/6/20 3/4/21 8/12/21 11/23/21 2/23/22 2/23/22 5/5/22 8/15/22 8/15/22 11/8/22 3/7/23 3/7/23 5/10/23 8/10/23 8/10/23 12/4/23 3/4/24 3/4/24 - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,045 1,475 1,036 1,819 - - - -
Net Cash position 1 - - - - - 714 1,970 3,388
Leverage (Debt/EBITDA) 0.5142 x 0.4014 x 0.3052 x 0.6318 x - - - -
Free Cash Flow 1 2,564 2,365 1,478 654 - 1,880 1,939 1,929
ROE (net income / shareholders' equity) 12.4% 7.6% 9.1% 6.3% - 9.5% 9.75% 9.69%
ROA (Net income/ Total Assets) 7.05% 4.57% 5.2% 5.05% - 5.79% 6.12% 5.6%
Assets 1 29,593 30,829 31,453 24,912 - 30,727 31,666 35,315
Book Value Per Share 2 42.70 40.90 45.40 47.60 - 49.70 52.60 55.80
Cash Flow per Share 2 7.480 7.090 4.930 2.910 - 7.080 8.190 9.630
Capex 1 677 715 624 593 - 693 737 763
Capex / Sales 3.37% 3.71% 3.11% 2.53% - 3.23% 3.33% 3.33%
Announcement Date 3/5/20 3/4/21 2/23/22 3/7/23 3/4/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
74.04 EUR
Average target price
74.37 EUR
Spread / Average Target
+0.44%
Consensus
  1. Stock Market
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  3. HEN3 Stock
  4. Financials Henkel AG & Co. KGaA