(HBH) Hornbach Holding VZO O.N. - Overview
Stock: Hardware, Building Materials, Garden Products, Online Store, Real Estate
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.28% |
| Yield on Cost 5y | 3.47% |
| Yield CAGR 5y | 4.66% |
| Payout Consistency | 97.1% |
| Payout Ratio | 28.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 23.6% |
| Relative Tail Risk | -5.81% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.48 |
| Alpha | 7.70 |
| Character TTM | |
|---|---|
| Beta | 0.195 |
| Beta Downside | 0.295 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.52% |
| CAGR/Max DD | 0.16 |
Description: HBH Hornbach Holding VZO O.N. January 16, 2026
HORNBACH Holding AG & Co. KGaA (XETRA:HBH) operates a network of DIY megastores and garden centers across Germany and several other European markets, offering a broad assortment that spans hardware, building materials, interior finishes, and outdoor products. The business also generates revenue from retail-real-estate development and a growing e-commerce platform, positioning itself as a one-stop solution for both consumer renovation projects and professional construction needs.
Key performance indicators that analysts watch include: (1) same-store sales growth, which has averaged around 3-4% YoY in 2023 despite a modest slowdown in the German housing market; (2) the EBIT margin, currently hovering near 7%, reflecting efficient cost control amid rising input prices; and (3) online sales as a share of total revenue, now above 12% and expanding at double-digit rates, driven by increased digital adoption post-pandemic. Sector-wide, the DIY segment remains sensitive to macro-drivers such as residential construction activity, consumer confidence, and inflation-adjusted disposable income, while the professional-trade channel benefits from sustained infrastructure spending in the EU.
For a deeper, data-rich perspective on HORNBACH’s valuation and risk profile, the ValueRay analytics platform provides a concise, up-to-date dashboard worth reviewing.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 133.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -6.75 > 1.0 |
| NWC/Revenue: 8.69% < 20% (prev 12.27%; Δ -3.57% < -1%) |
| CFO/TA 0.07 > 3% & CFO 339.6m > Net Income 133.4m |
| Net Debt (1.22b) to EBITDA (508.1m): 2.41 < 3 |
| Current Ratio: 1.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.9m) vs 12m ago 0.63% < -2% |
| Gross Margin: 34.07% > 18% (prev 0.33%; Δ 3375 % > 0.5%) |
| Asset Turnover: 140.5% > 50% (prev 139.1%; Δ 1.38% > 0%) |
| Interest Coverage Ratio: 4.43 > 6 (EBITDA TTM 508.1m / Interest Expense TTM 58.1m) |
Altman Z'' 4.11
| A: 0.12 (Total Current Assets 1.77b - Total Current Liabilities 1.21b) / Total Assets 4.65b |
| B: 0.40 (Retained Earnings 1.87b / Total Assets 4.65b) |
| C: 0.06 (EBIT TTM 257.5m / Avg Total Assets 4.55b) |
| D: 1.56 (Book Value of Equity 3.84b / Total Liabilities 2.46b) |
| Altman-Z'' Score: 4.11 = AA |
Beneish M -2.70
| DSRI: 1.47 (Receivables 96.2m/63.5m, Revenue 6.39b/6.19b) |
| GMI: 0.95 (GM 34.07% / 32.52%) |
| AQI: 1.01 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.03 (Revenue 6.39b / 6.19b) |
| TATA: -0.04 (NI 133.4m - CFO 339.6m) / TA 4.65b) |
| Beneish M-Score: -2.70 (Cap -4..+1) = A |
What is the price of HBH shares?
Over the past week, the price has changed by +2.11%, over one month by +0.73%, over three months by -0.60% and over the past year by +13.59%.
Is HBH a buy, sell or hold?
What are the forecasts/targets for the HBH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 100.6 | 22.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 85.1 | 3.2% |
HBH Fundamental Data Overview February 03, 2026
P/E Trailing = 9.6168
P/E Forward = 42.735
P/S = 0.2011
P/B = 0.6125
P/EG = 1.31
Revenue TTM = 6.39b EUR
EBIT TTM = 257.5m EUR
EBITDA TTM = 508.1m EUR
Long Term Debt = 354.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 460.0m EUR (from shortTermDebt, last quarter)
Debt = 1.62b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.22b EUR (from netDebt column, last quarter)
Enterprise Value = 2.51b EUR (1.28b + Debt 1.62b - CCE 391.1m)
Interest Coverage Ratio = 4.43 (Ebit TTM 257.5m / Interest Expense TTM 58.1m)
EV/FCF = 23.14x (Enterprise Value 2.51b / FCF TTM 108.4m)
FCF Yield = 4.32% (FCF TTM 108.4m / Enterprise Value 2.51b)
FCF Margin = 1.70% (FCF TTM 108.4m / Revenue TTM 6.39b)
Net Margin = 2.09% (Net Income TTM 133.4m / Revenue TTM 6.39b)
Gross Margin = 34.07% ((Revenue TTM 6.39b - Cost of Revenue TTM 4.21b) / Revenue TTM)
Gross Margin QoQ = 30.63% (prev 34.59%)
Tobins Q-Ratio = 0.54 (Enterprise Value 2.51b / Total Assets 4.65b)
Interest Expense / Debt = 0.91% (Interest Expense 14.7m / Debt 1.62b)
Taxrate = 26.09% (3.60m / 13.8m)
NOPAT = 190.4m (EBIT 257.5m * (1 - 26.09%))
Current Ratio = 1.46 (Total Current Assets 1.77b / Total Current Liabilities 1.21b)
Debt / Equity = 0.77 (Debt 1.62b / totalStockholderEquity, last quarter 2.10b)
Debt / EBITDA = 2.41 (Net Debt 1.22b / EBITDA 508.1m)
Debt / FCF = 11.30 (Net Debt 1.22b / FCF TTM 108.4m)
Total Stockholder Equity = 2.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.93% (Net Income 133.4m / Total Assets 4.65b)
RoE = 6.50% (Net Income TTM 133.4m / Total Stockholder Equity 2.05b)
RoCE = 10.71% (EBIT 257.5m / Capital Employed (Equity 2.05b + L.T.Debt 354.8m))
RoIC = 7.00% (NOPAT 190.4m / Invested Capital 2.72b)
WACC = 3.31% (E(1.28b)/V(2.90b) * Re(6.63%) + D(1.62b)/V(2.90b) * Rd(0.91%) * (1-Tc(0.26)))
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.13%
[DCF Debug] Terminal Value 88.29% ; FCFF base≈226.5m ; Y1≈275.0m ; Y5≈451.1m
Fair Price DCF = 745.9 (EV 13.16b - Net Debt 1.22b = Equity 11.93b / Shares 16.0m; r=5.90% [WACC]; 5y FCF grow 22.85% → 2.90% )
EPS Correlation: -4.86 | EPS CAGR: 12.42% | SUE: 4.0 | # QB: 1
Revenue Correlation: 16.77 | Revenue CAGR: 7.29% | SUE: 0.00 | # QB: 0
EPS next Year (2027-02-28): EPS=10.06 | Chg30d=-0.135 | Revisions Net=-4 | Growth EPS=+7.1% | Growth Revenue=+2.3%