HEN3 Stock Analysis: Henkel & Co. KGaA vz. (Pref | XETRA
Household & Personal Products | XETRA, Germany | Market Cap: 31.392m EUR | 12M Return: 13.4% | DE0006048432 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.5M
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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 consumer goods and adhesives company headquartered in Düsseldorf, founded in 1876. It operates two main business units: Adhesive Technologies and Consumer Brands, serving markets across Europe, India, the Middle East, Africa, North America, Latin America, and Asia Pacific.
The Adhesive Technologies division supplies adhesives, sealants, and functional coatings to industrial and professional clients in packaging, consumer goods, mobility, electronics, and construction. This B2B segment serves automotive manufacturers, packaging companies, and craftsmen, making Henkel one of the largest suppliers in the global industrial adhesives market.
The Consumer Brands division produces hair styling, hair colorants, and body care products distributed through retail stores, hair salons, and digital channels. It also manufactures laundry detergents, fabric softeners, dishwashing products, and household cleaners under well-known household brands.
Within the GICS classification, Henkel is categorized under Consumer Staples and the Personal Care Products sub-industry, reflecting the typically defensive nature of its household and personal care revenues.
- Adhesive Technologies margin expansion lifts group earnings
- Consumer Brands restructuring targets pricing and portfolio simplification
- FX headwinds and raw material costs pressure reported margins
| Net Income: 1.91b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.73 > 1.0 |
| NWC/Revenue: 9.70% < 20% (prev 8.49%; Δ 1.21% < -1%) |
| CFO/TA 0.07 > 3% & CFO 2.71b > Net Income 1.91b |
| Net Debt (2.77b) to EBITDA (3.74b): 0.74 < 3 |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (405.4m) vs 12m ago -3.33% < -2% |
| Gross Margin: 51.32% > 18% (prev 50.28%; Δ 1.04% > 0.5%) |
| Asset Turnover: 59.00% > 50% (prev 64.58%; Δ -5.57% > 0%) |
| Interest Coverage Ratio: 26.53 > 6 (EBIT TTM 3.02b / Interest Expense TTM 114.0m) |
| A: 0.05 (Total Current Assets 11.9b - Total Current Liabilities 9.94b) / Total Assets 36.5b |
| B: 0.66 (Retained Earnings 24.0b / Total Assets 36.5b) |
| C: 0.09 (EBIT TTM 3.02b / Avg Total Assets 34.6b) |
| D: 1.36 (Book Value of Equity 21.0b / Total Liabilities 15.4b) |
| Altman-Z'' = 4.52 = AA |
| DSRI: 1.22 (Receivables 4.27b/3.63b, Revenue 20.4b/21.2b) |
| GMI: 0.98 (GM 50.28% / 51.32%) |
| AQI: 0.98 (AQ_t 0.56 / AQ_t-1 0.57) |
| SGI: 0.97 (Revenue 20.4b / 21.2b) |
| TATA: -0.02 (NI 1.91b - CFO 2.71b) / TA 36.5b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 29, 2026, the stock is trading at EUR 77.88 with a total of 258,899 shares traded. Over the past week, the price has changed by -0.21%, over one month by +5.10%, over three months by +1.35% and over the past year by +13.39%.
Current recommended Stop Loss: 75.40 (which is 3.2% or 2 ATR below the current price).
Henkel & Co. KGaA vz. (Pref has no consensus analysts rating.
P/E Trailing = 16.533
P/E Forward = 12.0919
P/S = 1.5357
P/B = 1.4636
P/EG = 3.0217
Revenue TTM = 20.4b EUR
EBIT TTM = 3.02b EUR
EBITDA TTM = 3.74b EUR
Long Term Debt = 3.26b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.83b EUR (from shortTermDebt, last quarter)
Debt = 6.76b EUR (from shortLongTermDebtTotal, last quarter) + Leases 666.0m
Net Debt = 2.77b EUR (calculated: Debt 6.76b - CCE 3.99b)
Enterprise Value = 34.2b EUR (31.4b + Debt 6.76b - CCE 3.99b)
Interest Coverage Ratio = 26.53 (Ebit TTM 3.02b / Interest Expense TTM 114.0m)
EV/FCF = 16.87x (Enterprise Value 34.2b / FCF TTM 2.02b)
FCF Yield = 5.93% (FCF TTM 2.02b / Enterprise Value 34.2b)
FCF Margin = 9.91% (FCF TTM 2.02b / Revenue TTM 20.4b)
Net Margin = 9.36% (Net Income TTM 1.91b / Revenue TTM 20.4b)
Gross Margin = 51.32% ((Revenue TTM 20.4b - Cost of Revenue TTM 9.95b) / Revenue TTM)
Gross Margin QoQ = 51.74% (prev 50.89%)
Tobins Q-Ratio = 0.94 (Enterprise Value 34.2b / Total Assets 36.5b)
Interest Expense / Debt = 1.69% (Interest Expense 114.0m / Debt 6.76b)
Taxrate = 24.77% (637.0m / 2.57b)
NOPAT = 2.28b (EBIT 3.02b * (1 - 24.77%))
Current Ratio = 1.20 (Total Current Assets 11.9b / Total Current Liabilities 9.94b)
Debt / Equity = 0.32 (Debt 6.76b / totalStockholderEquity, last quarter 21.0b)
Debt / EBITDA = 0.74 (Net Debt 2.77b / EBITDA 3.74b)
Debt / FCF = 1.37 (Net Debt 2.77b / FCF TTM 2.02b)
Total Stockholder Equity = 20.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.52% (Net Income 1.91b / Total Assets 36.5b)
RoE = 9.19% (Net Income TTM 1.91b / Total Stockholder Equity 20.8b)
RoCE = 12.56% (EBIT 3.02b / Capital Employed (Equity 20.8b + L.T.Debt 3.26b))
RoIC = 8.02% (NOPAT 2.28b / Invested Capital 28.4b)
WACC = 5.91% (E(31.4b)/V(38.1b) * Re(6.91%) + D(6.76b)/V(38.1b) * Rd(1.69%) * (1-Tc(0.25)))
Discount Rate = 6.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.45 | Cagr: -2.03%
[DCF] Terminal Value 75.22% ; FCFF base≈2.04b ; Y1≈2.02b ; Y5≈2.08b
[DCF] Fair Price = 196.2 (EV 32.5b - Net Debt 2.77b = Equity 29.7b / Shares 151.4m; r=8.35% [WACC [floored]]; 5y FCF grow -1.60% → 2.50% )
EPS Correlation: 73.39 | EPS CAGR: 33.39% | SUE: 0.65 | # QB: 0
Revenue Correlation: -88.89 | Revenue CAGR: -2.29% | SUE: 1.79 | # QB: 1
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=5.51 | Chg30d=-0.67% | Revisions=-67% | GrowthEPS=+3.4% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=5.86 | Chg30d=-1.07% | Revisions=-50% | GrowthEPS=+6.4% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -59% (up=4, down=20)