Company Valuation: H&R GmbH & Co. KGaA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 261.3 224.1 174.2 126.2 159.7 278.4 - -
Change - -14.25% -22.26% -27.56% 26.55% 74.36% - -
Enterprise Value (EV) 1 354.2 360.1 262.3 215.4 231.4 301.3 287.1 273.3
Change - 1.66% -27.15% -17.89% 7.43% 30.21% -4.72% -4.79%
P/E 5.2x 5.23x 16.7x 11.7x -4.13x 5.79x 20.3x 21.8x
PBR 0.72x 0.53x 0.42x 0.3x 0.43x 0.56x 0.54x 0.54x
PEG - -0.4x -0.2x 3.28x 0x -0x -0.3x -3.06x
Capitalization / Revenue 0.22x 0.14x 0.13x 0.09x 0.13x 0.2x 0.2x 0.21x
EV / Revenue 0.3x 0.23x 0.19x 0.16x 0.19x 0.22x 0.21x 0.2x
EV / EBITDA 2.67x 2.88x 2.83x 2.27x 2.73x 2.23x 3.2x 3.08x
EV / EBIT 4.34x 5.17x 8.55x 6.69x -16.7x 3.64x 8.7x 8.67x
EV / FCF -31.8x -10.4x 4.18x 13.6x 6.53x -17.3x 21.7x 23x
FCF Yield -3.15% -9.58% 23.9% 7.33% 15.3% -5.78% 4.6% 4.35%
Dividend per Share 2 - 0.1 0.1 0.1 - 0.05 0.05 0.05
Rate of return - 1.66% 2.14% 2.95% - 0.67% 0.67% 0.67%
EPS 2 1.35 1.15 0.28 0.29 -1.04 1.291 0.3688 0.3425
Distribution rate - 8.7% 35.7% 34.5% - 3.87% 13.6% 14.6%
Net sales 1 1,188 1,576 1,352 1,388 1,242 1,396 1,362 1,357
EBITDA 1 132.5 124.9 92.7 94.77 84.73 134.9 89.59 88.69
EBIT 1 81.6 69.6 30.68 32.19 -13.82 82.77 32.98 31.53
Net income 1 50.2 42.7 10.6 10.62 -38.8 48.09 13.79 12.85
Net Debt 1 92.9 136 88.1 89.2 71.7 22.87 8.651 -5.095
Reference price 2 7.020 6.020 4.680 3.390 4.290 7.480 7.480 7.480
Nbr of stocks (in thousands) 37,222 37,222 37,222 37,222 37,222 37,222 - -
Announcement Date 3/31/22 3/31/23 3/22/24 4/9/25 3/31/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.27x6.72x17.18x1.34% 221B
27.52x4.27x13.75x2.12% 122B
28.61x3.5x17.92x1.01% 77.11B
19.06x6.13x30.46x3.6% 64.73B
81.92x6.17x14.34x2.6% 61.81B
61.73x1.27x8.42x6.44% 36.61B
10.99x1.17x6.34x3.02% 32.17B
9.04x3.03x7.11x4.67% 24.36B
43.77x5.61x29.84x1.3% 24.02B
Average 34.66x 4.21x 16.15x 2.9% 73.75B
Weighted average by Cap. 33.47x 5.04x 16.75x 2.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation H&R GmbH & Co. KGaA