HEN Stock Analysis: Henkel & Co. KGaA | XETRA
Household & Personal Products | XETRA, Germany | Market Cap: 28.583m EUR | 12M Return: 16.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.60M
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Henkel AG & Co. KGaA is a German multinational headquartered in Düsseldorf that operates two main business divisions: Adhesive Technologies and Consumer Brands. Founded in 1876, the company maintains a global footprint spanning Europe, the Middle East and Africa, the Americas, and Asia-Pacific, and is listed on XETRA under the ticker HEN. Its Adhesive Technologies segment supplies adhesives, sealants, and functional coatings to industrial customers in packaging, consumer goods, mobility, electronics, and construction, while its Consumer Brands unit produces hair care, body care, and laundry and home care products distributed through retail stores, hair salons, and digital channels. The company is organized as a KGaA (Kommanditgesellschaft auf Aktien), a German corporate form combining a general partner with publicly traded shareholders, which is a relatively unusual structure for a large-cap public company. Henkels mix of B2B industrial adhesives and B2C branded consumer goods is also distinctive within the consumer staples sector, as most peers focus almost exclusively on end-consumer products.
- Adhesive Technologies organic sales growth accelerates on industrial demand recovery
- Consumer Brands restructuring program targets margin recovery through pricing actions
- Raw material cost relief supports group gross margin expansion
| Net Income: 2.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.62 > 1.0 |
| NWC/Revenue: 7.73% < 20% (prev 9.00%; Δ -1.27% < -1%) |
| CFO/TA 0.08 > 3% & CFO 2.52b > Net Income 2.04b |
| Net Debt (1.67b) to EBITDA (3.65b): 0.46 < 3 |
| Current Ratio: 1.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (406.8m) vs 12m ago -2.98% < -2% |
| Gross Margin: 50.93% > 18% (prev 50.13%; Δ 0.80% > 0.5%) |
| Asset Turnover: 59.74% > 50% (prev 61.21%; Δ -1.47% > 0%) |
| Interest Coverage Ratio: 29.94 > 6 (EBIT TTM 2.96b / Interest Expense TTM 99.0m) |
| A: 0.05 (Total Current Assets 10.0b - Total Current Liabilities 8.42b) / Total Assets 33.3b |
| B: 0.71 (Retained Earnings 23.8b / Total Assets 33.3b) |
| C: 0.09 (EBIT TTM 2.96b / Avg Total Assets 34.3b) |
| D: 1.61 (Book Value of Equity 20.5b / Total Liabilities 12.8b) |
| Altman-Z'' = 4.91 = AAA |
| DSRI: 1.14 (Receivables 4.32b/4.00b, Revenue 20.5b/21.6b) |
| GMI: 0.98 (GM 50.13% / 50.93%) |
| AQI: 1.01 (AQ_t 0.59 / AQ_t-1 0.58) |
| SGI: 0.95 (Revenue 20.5b / 21.6b) |
| TATA: -0.01 (NI 2.04b - CFO 2.52b) / TA 33.3b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of July 29, 2026, the stock is trading at EUR 70.80 with a total of 83,046 shares traded. Over the past week, the price has changed by +0.28%, over one month by +1.36%, over three months by +20.61% and over the past year by +16.68%.
Current recommended Stop Loss: 69.30 (which is 2.1% or 1.3 ATR below the current price).
Henkel & Co. KGaA has no consensus analysts rating.
P/E Trailing = 14.248
P/E Forward = 13.1234
P/S = 1.4407
P/B = 1.4199
P/EG = 3.5464
Revenue TTM = 20.5b EUR
EBIT TTM = 2.96b EUR
EBITDA TTM = 3.65b EUR
Long Term Debt = 1.38b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.77b EUR (from shortTermDebt, last quarter)
Debt = 4.37b EUR (from shortLongTermDebtTotal, last quarter) + Leases 666.0m
Net Debt = 1.67b EUR (calculated: Debt 4.37b - CCE 2.71b)
Enterprise Value = 30.2b EUR (28.6b + Debt 4.37b - CCE 2.71b)
Interest Coverage Ratio = 29.94 (Ebit TTM 2.96b / Interest Expense TTM 99.0m)
EV/FCF = 16.63x (Enterprise Value 30.2b / FCF TTM 1.82b)
FCF Yield = 6.01% (FCF TTM 1.82b / Enterprise Value 30.2b)
FCF Margin = 8.88% (FCF TTM 1.82b / Revenue TTM 20.5b)
Net Margin = 9.93% (Net Income TTM 2.04b / Revenue TTM 20.5b)
Gross Margin = 50.93% ((Revenue TTM 20.5b - Cost of Revenue TTM 10.1b) / Revenue TTM)
Gross Margin QoQ = 50.89% (prev 50.97%)
Tobins Q-Ratio = 0.91 (Enterprise Value 30.2b / Total Assets 33.3b)
Interest Expense / Debt = 2.26% (Interest Expense 99.0m / Debt 4.37b)
Taxrate = 24.59% (671.0m / 2.73b)
NOPAT = 2.24b (EBIT 2.96b * (1 - 24.59%))
Current Ratio = 1.19 (Total Current Assets 10.0b / Total Current Liabilities 8.42b)
Debt / Equity = 0.21 (Debt 4.37b / totalStockholderEquity, last quarter 20.5b)
Debt / EBITDA = 0.46 (Net Debt 1.67b / EBITDA 3.65b)
Debt / FCF = 0.92 (Net Debt 1.67b / FCF TTM 1.82b)
Total Stockholder Equity = 20.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.93% (Net Income 2.04b / Total Assets 33.3b)
RoE = 9.84% (Net Income TTM 2.04b / Total Stockholder Equity 20.7b)
RoCE = 13.43% (EBIT 2.96b / Capital Employed (Equity 20.7b + L.T.Debt 1.38b))
RoIC = 8.71% (NOPAT 2.24b / Invested Capital 25.7b)
WACC = 6.54% (E(28.6b)/V(33.0b) * Re(7.28%) + D(4.37b)/V(33.0b) * Rd(2.26%) * (1-Tc(0.25)))
Discount Rate = 7.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.49 | Cagr: -2.86%
[DCF] Terminal Value 73.10% ; FCFF base≈2.09b ; Y1≈1.83b ; Y5≈1.48b
[DCF] Fair Price = 87.18 (EV 23.8b - Net Debt 1.67b = Equity 22.1b / Shares 253.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 53.73 | Revenue CAGR: 6.36% | SUE: -0.04 | # QB: 0
EPS current Year (2026-12-31): EPS=5.67 | Chg30d=-0.44% | Revisions=-40% | GrowthEPS=+6.7% | GrowthRev=+3.1%
EPS next Year (2027-12-31): EPS=6.18 | Chg30d=+2.74% | Revisions=+40% | GrowthEPS=+9.1% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +0% (up=2, down=2)