(HEN3) Henkel & Co. KGaA vz. (Pref - Overview
Stock: Adhesives, Sealants, Coatings, Haircare, Detergents
Dividends
| Dividend Yield | 3.02% |
| Yield on Cost 5y | 2.66% |
| Yield CAGR 5y | 2.47% |
| Payout Consistency | 97.4% |
| Payout Ratio | 18.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 17.4% |
| Relative Tail Risk | -9.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.23 |
| Alpha | -6.89 |
| Character TTM | |
|---|---|
| Beta | -0.010 |
| Beta Downside | 0.134 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.34% |
| CAGR/Max DD | 0.33 |
Description: HEN3 Henkel & Co. KGaA vz. (Pref December 17, 2025
Henkel AG & Co. KGaA (XETRA:HEN3) operates two core divisions: Adhesive Technologies, which supplies adhesives, sealants and functional coatings to packaging, mobility, electronics and construction markets; and Consumer Brands, which covers hair-care, body-care, laundry, dish-washing and household cleaning products sold via retail, salons and online channels. The group’s global footprint spans Europe, India, the Middle East, Africa, North America, Latin America and the Asia-Pacific, and it traces its origins to 1876 in Düsseldorf, Germany.
Key recent metrics (2023) show total revenue of roughly €20 billion, with the Adhesive Technologies segment contributing about 60 % of sales and delivering an adjusted EBIT margin near 14 %, while the Consumer Brands segment posted a margin around 9 %. Growth in adhesives has been driven by rising demand for lightweight, high-performance bonding solutions in electric-vehicle manufacturing and renewable-energy equipment, whereas the consumer-care side is sensitive to discretionary spending trends and raw-material cost volatility (e.g., surfactants, petrochemicals).
Investors should watch macro-level drivers such as EU sustainability regulations that favor low-VOC adhesives, and the ongoing shift toward e-commerce, which is reshaping distribution for household-care products. For a deeper quantitative view, you may want to explore the ValueRay platform’s detailed financial models and scenario analyses.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income: 3.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 7.93 > 1.0 |
| NWC/Revenue: 4.22% < 20% (prev 2.97%; Δ 1.25% < -1%) |
| CFO/TA 0.19 > 3% & CFO 6.07b > Net Income 3.87b |
| Net Debt (1.40b) to EBITDA (6.92b): 0.20 < 3 |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (418.6m) vs 12m ago -0.37% < -2% |
| Gross Margin: 49.52% > 18% (prev 0.44%; Δ 4908 % > 0.5%) |
| Asset Turnover: 131.6% > 50% (prev 105.4%; Δ 26.25% > 0%) |
| Interest Coverage Ratio: 20.88 > 6 (EBITDA TTM 6.92b / Interest Expense TTM 265.0m) |
Altman Z'' 5.55
| A: 0.05 (Total Current Assets 10.34b - Total Current Liabilities 8.54b) / Total Assets 32.79b |
| B: 0.69 (Retained Earnings 22.79b / Total Assets 32.79b) |
| C: 0.17 (EBIT TTM 5.53b / Avg Total Assets 32.34b) |
| D: 1.69 (Book Value of Equity 21.45b / Total Liabilities 12.67b) |
| Altman-Z'' Score: 5.55 = AAA |
Beneish M -3.23
| DSRI: 0.75 (Receivables 3.63b/3.82b, Revenue 42.58b/33.62b) |
| GMI: 0.88 (GM 49.52% / 43.67%) |
| AQI: 0.98 (AQ_t 0.57 / AQ_t-1 0.58) |
| SGI: 1.27 (Revenue 42.58b / 33.62b) |
| TATA: -0.07 (NI 3.87b - CFO 6.07b) / TA 32.79b) |
| Beneish M-Score: -3.23 (Cap -4..+1) = AA |
What is the price of HEN3 shares?
Over the past week, the price has changed by +7.58%, over one month by +14.99%, over three months by +11.39% and over the past year by -1.53%.
Is HEN3 a buy, sell or hold?
What are the forecasts/targets for the HEN3 price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 80.6 | 1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 82.9 | 4% |
HEN3 Fundamental Data Overview February 03, 2026
P/E Trailing = 14.488
P/E Forward = 13.0039
P/S = 1.4687
P/B = 1.5411
P/EG = 3.8262
Revenue TTM = 42.58b EUR
EBIT TTM = 5.53b EUR
EBITDA TTM = 6.92b EUR
Long Term Debt = 2.01b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.70b EUR (from shortTermDebt, last quarter)
Debt = 4.27b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.40b EUR (from netDebt column, last quarter)
Enterprise Value = 29.33b EUR (27.93b + Debt 4.27b - CCE 2.87b)
Interest Coverage Ratio = 20.88 (Ebit TTM 5.53b / Interest Expense TTM 265.0m)
EV/FCF = 6.10x (Enterprise Value 29.33b / FCF TTM 4.81b)
FCF Yield = 16.39% (FCF TTM 4.81b / Enterprise Value 29.33b)
FCF Margin = 11.29% (FCF TTM 4.81b / Revenue TTM 42.58b)
Net Margin = 9.09% (Net Income TTM 3.87b / Revenue TTM 42.58b)
Gross Margin = 49.52% ((Revenue TTM 42.58b - Cost of Revenue TTM 21.49b) / Revenue TTM)
Gross Margin QoQ = 50.97% (prev 49.61%)
Tobins Q-Ratio = 0.89 (Enterprise Value 29.33b / Total Assets 32.79b)
Interest Expense / Debt = 3.77% (Interest Expense 161.0m / Debt 4.27b)
Taxrate = 25.32% (380.0m / 1.50b)
NOPAT = 4.13b (EBIT 5.53b * (1 - 25.32%))
Current Ratio = 1.21 (Total Current Assets 10.34b / Total Current Liabilities 8.54b)
Debt / Equity = 0.21 (Debt 4.27b / totalStockholderEquity, last quarter 20.04b)
Debt / EBITDA = 0.20 (Net Debt 1.40b / EBITDA 6.92b)
Debt / FCF = 0.29 (Net Debt 1.40b / FCF TTM 4.81b)
Total Stockholder Equity = 20.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.97% (Net Income 3.87b / Total Assets 32.79b)
RoE = 18.84% (Net Income TTM 3.87b / Total Stockholder Equity 20.54b)
RoCE = 24.53% (EBIT 5.53b / Capital Employed (Equity 20.54b + L.T.Debt 2.01b))
RoIC = 17.47% (NOPAT 4.13b / Invested Capital 23.66b)
WACC = 5.47% (E(27.93b)/V(32.20b) * Re(5.88%) + D(4.27b)/V(32.20b) * Rd(3.77%) * (1-Tc(0.25)))
Discount Rate = 5.88% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.08%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈3.74b ; Y1≈4.62b ; Y5≈7.86b
Fair Price DCF = 1397 (EV 228.94b - Net Debt 1.40b = Equity 227.54b / Shares 162.9m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 47.87 | EPS CAGR: 4.85% | SUE: -0.03 | # QB: 0
Revenue Correlation: 9.78 | Revenue CAGR: 2.32% | SUE: 1.83 | # QB: 1
EPS next Year (2026-12-31): EPS=5.65 | Chg30d=-0.001 | Revisions Net=+2 | Growth EPS=+5.1% | Growth Revenue=+1.2%