HEN3 Stock Analysis: Henkel & Co. KGaA vz. (Pref | XETRA
Household & Personal Products | XETRA, Germany | Market Cap: 29.733m EUR | 12M Return: 13.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.2M
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 operating two main businesses: Adhesive Technologies, which supplies adhesives, sealants, and functional coatings to industrial customers in packaging, automotive, electronics, and construction, and Consumer Brands, which covers hair care, body care, and laundry and home care products sold through retail stores, hair salons, and digital channels. The company sells its products across Europe, the Middle East and Africa, the Americas, and Asia Pacific, and was founded in 1876 in Düsseldorf, Germany. The company is structured as a KGaA (a German partnership limited by shares), and its preference shares (HEN3) are listed on XETRA. As a large-cap consumer staples company, Henkels portfolio of well-known detergent and personal care brands gives it significant scale in everyday household categories across mature European markets as well as growth regions.
- Adhesives segment margins expand on automotive and electronics demand recovery
- Consumer brands restructuring targets sustained profitability improvement
- Raw material costs and FX swings pressure reported group earnings
| 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 75.02 with a total of 375,926 shares traded. Over the past week, the price has changed by +0.62%, over one month by +1.02%, over three months by +21.06% and over the past year by +13.71%.
Current recommended Stop Loss: 71.50 (which is 4.7% or 2.7 ATR below the current price).
Henkel & Co. KGaA vz. (Pref has no consensus analysts rating.
P/E Trailing = 14.9268
P/E Forward = 13.7931
P/S = 1.4507
P/B = 1.493
P/EG = 3.729
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 = 31.4b EUR (29.7b + Debt 4.37b - CCE 2.71b)
Interest Coverage Ratio = 29.94 (Ebit TTM 2.96b / Interest Expense TTM 99.0m)
EV/FCF = 17.26x (Enterprise Value 31.4b / FCF TTM 1.82b)
FCF Yield = 5.79% (FCF TTM 1.82b / Enterprise Value 31.4b)
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 = 0.94 (Enterprise Value 31.4b / 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 = 6.69% (E(29.7b)/V(34.1b) * Re(7.42%) + D(4.37b)/V(34.1b) * Rd(2.26%) * (1-Tc(0.25)))
Discount Rate = 7.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.61 | Cagr: -2.67%
[DCF] Terminal Value 73.10% ; FCFF base≈2.09b ; Y1≈1.83b ; Y5≈1.48b
[DCF] Fair Price = 145.9 (EV 23.8b - Net Debt 1.67b = Equity 22.1b / Shares 151.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 73.39 | EPS CAGR: 33.39% | SUE: 0.65 | # QB: 0
Revenue Correlation: 53.73 | Revenue CAGR: 6.36% | SUE: -0.05 | # QB: 0
EPS current Quarter (2026-03-31): EPS=1.33 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS next Quarter (2026-06-30): EPS=1.33 | Chg30d=+4.76% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=5.52 | Chg30d=+0.57% | Revisions=+50% | GrowthEPS=+3.6% | GrowthRev=+3.1%
EPS next Year (2027-12-31): EPS=5.87 | Chg30d=+0.77% | Revisions=+50% | GrowthEPS=+6.4% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +61% (up=13, down=2)