(HEN3) Henkel & Co. KGaA vz. (Pref - XETRA
Sector: Consumer Defensive | Industry: Household & Personal Products | Exchange: XETRA (Germany) | Market Cap: 28.113m EUR | Total Return: 6.8% in 12m
Avg Turnover: 27.4M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Henkel AG & Co. KGaA is a German multinational corporation headquartered in Düsseldorf, operating through two primary segments: Adhesive Technologies and Consumer Brands. The company’s industrial portfolio provides sealants and functional coatings to the electronics, mobility, and packaging sectors, while its consumer division manages a diverse range of laundry, home care, and hair care products.
The adhesive market is characterized by high switching costs and deep integration into manufacturing supply chains, which provides Henkel with a defensive competitive position. In the consumer space, the business model relies on multi-channel distribution through traditional retail, professional hair salons, and e-commerce platforms to maintain global market share.
For a deeper dive into the companys valuation metrics and historical performance, consider reviewing the latest data on ValueRay.
Founded in 1876, Henkel maintains a broad geographic footprint across Europe, North America, and emerging markets. Its dual-focus strategy combines the cyclical nature of industrial adhesives with the steady cash flows typical of the consumer staples industry.
- Industrial adhesive demand recovery across automotive and electronics sectors
- Raw material price volatility impacts gross margins for consumer brands
- Successful integration of laundry and hair care segments into Consumer Brands
- European energy costs and manufacturing overhead pressure operational profitability
- Market share growth for premium laundry and dishwashing products in North America
| 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: 18.30 > 6 (EBIT TTM 2.96b / Interest Expense TTM 162.0m) |
| 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 June 15, 2026, the stock is trading at EUR 69.44 with a total of 346,779 shares traded.
Over the past week, the price has changed by +3.49%,
over one month by +8.98%,
over three months by +2.93% and
over the past year by +6.75%.
Henkel & Co. KGaA vz. (Pref has no consensus analysts rating.
P/E Trailing = 14.1138
P/E Forward = 12.7877
P/S = 1.3717
P/B = 1.3838
P/EG = 3.4563
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 = 29.8b EUR (28.1b + Debt 4.37b - CCE 2.71b)
Interest Coverage Ratio = 18.30 (Ebit TTM 2.96b / Interest Expense TTM 162.0m)
EV/FCF = 16.37x (Enterprise Value 29.8b / FCF TTM 1.82b)
FCF Yield = 6.11% (FCF TTM 1.82b / Enterprise Value 29.8b)
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 = 0.89 (Enterprise Value 29.8b / Total Assets 33.3b)
Interest Expense / Debt = 3.70% (Interest Expense 162.0m / 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 = 6.73% (E(28.1b)/V(32.5b) * Re(7.34%) + D(4.37b)/V(32.5b) * Rd(3.70%) * (1-Tc(0.25)))
Discount Rate = 7.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -84.11 | 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 (2026-06-30): EPS=1.27 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=5.48 | Chg30d=+1.38% | Revisions=+14% | GrowthEPS=+2.9% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=5.85 | Chg30d=+0.61% | Revisions=+43% | GrowthEPS=+6.7% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +43%