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HORNBACH Holding AG & Co
(XETRA:HBH)
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Rating:69Neutral
Price Target:
€94.00
▲(15.48% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by steady (but margin-pressured) financial performance with improving cash flow, supported by a clear positive price trend and momentum. An attractive valuation (low P/E with a moderate dividend yield) further lifts the overall score, while leverage and compressed profitability keep it from scoring higher.
Positive Factors
Broad omnichannel retail model
The combination of large-format stores, online channels, broad merchandise categories and both consumer and trade customers gives HORNBACH several ways to capture home-improvement demand. This diversified retail model can support recurring project purchases and reduce reliance on one customer type or product category over the next several quarters.
Negative Factors
Compressed profitability
A net margin of approximately 2.2% leaves limited room to absorb weaker demand, pricing pressure or higher operating costs. The decline from earlier profit levels suggests that earnings conversion has weakened, making future profitability more dependent on restoring margins rather than relying only on continued sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad omnichannel retail model
The combination of large-format stores, online channels, broad merchandise categories and both consumer and trade customers gives HORNBACH several ways to capture home-improvement demand. This diversified retail model can support recurring project purchases and reduce reliance on one customer type or product category over the next several quarters.
Read all positive factors
HORNBACH Holding AG & Co (HBH) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.44B
Dividend Yield2.67%
Average Volume (3M)14.90K
Price to Earnings (P/E)10.1
Beta (1Y)0.88
Revenue Growth4.68%
EPS Growth1.06%
CountryDE
Employees25,936
SectorGeneral
Sector StrengthN/A
IndustryHome Improvement
Share Statistics
EPS (TTM)8.86
Shares Outstanding16,000,000
10 Day Avg. Volume10,927
30 Day Avg. Volume14,899
Financial Highlights & Ratios
PEG Ratio-6.24
Price to Book (P/B)0.67
Price to Sales (P/S)0.21
P/FCF Ratio7.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€94.00Price Target Upside15.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)9.23
Revenue Forecast (FY)€6.65B
HORNBACH Holding AG & Co Business Overview & Revenue Model
Company Description
HORNBACH Holding AG & Co. KGaA, a German retail group, specializes in establishing and managing large-format do-it-yourself (DIY) stores, frequently integrated with garden centers, across Germany and other European countries. Their physical outlet...
How the Company Makes Money
HBH makes money primarily through retail sales generated by its HORNBACH-branded DIY home improvement and garden operations. The core revenue stream is the sale of merchandise (e.g., building materials, renovation and construction supplies, tools,...
HORNBACH Holding AG & Co Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2022 | Feb 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.65B | 6.43B | 6.20B | 6.16B | 6.26B | 5.87B |
| Gross Profit | 2.14B | 2.03B | 2.16B | 2.08B | 2.09B | 2.06B |
| EBITDA | 495.02M | 471.53M | 514.89M | 510.50M | 483.38M | 558.22M |
| Net Income | 144.60M | 138.40M | 140.68M | 125.14M | 157.07M | 199.66M |
Balance Sheet | ||||||
| Total Assets | 4.97B | 5.07B | 4.61B | 4.48B | 4.73B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 582.69M | 305.54M | 317.38M | 370.25M | 436.98M | 332.26M |
| Total Debt | 1.76B | 1.65B | 1.59B | 1.57B | 1.78B | 1.69B |
| Total Liabilities | 2.70B | 2.92B | 2.58B | 2.53B | 2.83B | 2.54B |
| Stockholders Equity | 2.19B | 2.06B | 1.96B | 1.85B | 1.78B | 1.63B |
Cash Flow | ||||||
| Free Cash Flow | 258.88M | 179.48M | 134.53M | 284.40M | 222.03M | 166.36M |
| Operating Cash Flow | 455.09M | 374.69M | 318.42M | 454.91M | 425.45M | 344.95M |
| Investing Cash Flow | -227.50M | -212.40M | -170.26M | -182.35M | -197.98M | -171.71M |
| Financing Cash Flow | -34.50M | -178.90M | -199.36M | -331.82M | -135.14M | -278.53M |
HORNBACH Holding AG & Co Technical Analysis
Positive
81.40
Price Trends
83.80
Positive
81.56
Positive
80.07
Positive
Market Momentum
1.49
Negative
67.88
Neutral
94.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HBH, the sentiment is Positive. The current price of 81.4 is below the 20-day moving average (MA) of 85.47, below the 50-day MA of 83.80, and above the 200-day MA of 80.07, indicating a bullish trend. The MACD of 1.49 indicates Negative momentum. The RSI at 67.88 is Neutral, neither overbought nor oversold. The STOCH value of 94.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:HBH.
HORNBACH Holding AG & Co Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €706.56M | 9.29 | 15.77% | 3.04% | >-0.01% | -26.34% | |
69 Neutral | €1.44B | 10.15 | 6.79% | 2.67% | 4.68% | 1.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €301.03M | -51.82 | -1.67% | 7.46% | -9.50% | -136.32% | |
50 Neutral | €79.88M | 29.68 | 3.23% | 5.32% | -8.96% | -32.20% | |
46 Neutral | €1.29B | -4.05 | -19.84% | 1.54% | -1.67% | -103.70% | |
42 Neutral | €962.24M | -0.07 | -377.02% | 0.18% | ― | ― |
* General Sector Average
DE:HBH
HORNBACH Holding AG & Co
89.90
3.60
4.18%
DE:BYW
BayWa AG
7.36
-0.18
-2.43%
DE:EIN
Einhell Germany
62.40
-19.72
-24.01%
DE:KCO
Kloeckner & Co. SE
12.98
7.40
132.66%
DE:LEI
Leifheit
9.20
-4.94
-34.95%
DE:VIB3
Villeroy & Boch
11.40
-4.38
-27.77%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.