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 1 261.3 224.1 174.2 126.2 159.7 258.3 - -
Change - -14.25% -22.26% -27.56% 26.55% 61.77% - -
Enterprise Value (EV) 1 354.2 360.1 262.3 215.4 231.4 281.2 267 253.2
Change - 1.66% -27.15% -17.89% 7.43% 21.53% -5.06% -5.15%
P/E 5.2x 5.23x 16.7x 11.7x -4.13x 5.37x 18.8x 20.3x
PBR 0.72x 0.53x 0.42x 0.3x 0.43x 0.52x 0.5x 0.5x
PEG - -0.4x -0.2x 3.28x 0x -0x -0.3x -2.85x
Capitalization / Revenue 0.22x 0.14x 0.13x 0.09x 0.13x 0.19x 0.19x 0.19x
EV / Revenue 0.3x 0.23x 0.19x 0.16x 0.19x 0.2x 0.2x 0.19x
EV / EBITDA 2.67x 2.88x 2.83x 2.27x 2.73x 2.08x 2.98x 2.86x
EV / EBIT 4.34x 5.17x 8.55x 6.69x -16.7x 3.4x 8.1x 8.03x
EV / FCF -31.8x -10.4x 4.18x 13.6x 6.53x -16.2x 20.2x 21.3x
FCF Yield -3.15% -9.58% 23.9% 7.33% 15.3% -6.19% 4.94% 4.7%
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% - 0.72% 0.72% 0.72%
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 6.940 6.940 6.940
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.13x4.24x13.62x2.16% 125B
18.02x6.71x42.93x2.07% 60.65B
58.16x1.35x9.5x5.97% 39.5B
12.42x1.26x6.79x2.72% 35.53B
10.22x3.3x7.75x4.25% 26.74B
20.16x0.87x6.68x1.15% 21.13B
11.52x1.03x8.28x3.64% 20.26B
8.9x0.88x5.43x4.24% 21.02B
70.88x12.86x46.8x0.07% 19.12B
Average 26.38x 3.61x 16.42x 2.92% 41.03B
Weighted average by Cap. 26.29x 3.87x 17.47x 2.79%

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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  3. 2HRA Stock
  4. 2HRA Stock
  5. Valuation H&R GmbH & Co. KGaA