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Henkel AG & Co. KGaA
(XETRA:HEN3)
Select Model
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Rating:74Outperform
Price Target:
€86.00
▲(15.16% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by improving profitability and a conservatively levered balance sheet, which support earnings resilience. Technicals add support as the stock trades above key moving averages with positive MACD. The main constraints are the recent revenue decline and softening cash-flow conversion, while valuation is reasonable but not compelling enough to offset those growth/cash-flow concerns.
Positive Factors
Margin Expansion
Improved gross and operating margins indicate stronger cost discipline, pricing or mix, and operating efficiency. If sustained, this profitability base can support earnings resilience even while revenue growth remains limited.
Negative Factors
Revenue Decline
A multiyear lack of top-line momentum suggests challenges in volumes, pricing, market demand, or portfolio competitiveness. Persistent revenue weakness could limit operating leverage and make future margin gains harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Improved gross and operating margins indicate stronger cost discipline, pricing or mix, and operating efficiency. If sustained, this profitability base can support earnings resilience even while revenue growth remains limited.
Read all positive factors
Henkel AG & Co. KGaA (HEN3) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€29.62B
Dividend Yield2.73%
Average Volume (3M)399.64K
Price to Earnings (P/E)16.1
Beta (1Y)0.58
Revenue Growth-3.47%
EPS Growth-5.47%
CountryDE
Employees47,800
SectorGeneral
Sector StrengthN/A
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)4.71
Shares Outstanding178,162,870
10 Day Avg. Volume338,181
30 Day Avg. Volume399,644
Financial Highlights & Ratios
PEG Ratio5.21
Price to Book (P/B)1.41
Price to Sales (P/S)1.41
P/FCF Ratio15.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€77.22Price Target Upside3.41% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)5.52
Revenue Forecast (FY)€21.21B
Henkel AG & Co. KGaA Business Overview & Revenue Model
Company Description
Henkel AG & Co. KGaA is a global enterprise operating across three primary business sectors. Its Adhesive Technologies division supplies a diverse range of adhesives, sealants, and specialized functional coatings. These products serve various sect...
How the Company Makes Money
Henkel makes money by manufacturing and selling products across two main businesses: (1) Adhesive Technologies and (2) Consumer Brands. In Adhesive Technologies, Henkel generates revenue by supplying adhesives, sealants and functional coatings use...
Henkel AG & Co. KGaA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.44B | 20.50B | 21.59B | 21.51B | 22.40B | 20.07B |
| Gross Profit | 10.49B | 10.47B | 10.82B | 9.84B | 9.47B | 9.07B |
| EBITDA | 3.74B | 3.65B | 3.68B | 2.80B | 2.59B | 2.95B |
| Net Income | 1.91B | 2.04B | 2.01B | 1.32B | 1.26B | 1.63B |
Balance Sheet | ||||||
| Total Assets | 36.49B | 33.35B | 35.27B | 31.73B | 33.18B | 32.67B |
| Cash, Cash Equivalents and Short-Term Investments | 3.99B | 3.11B | 3.53B | 2.17B | 1.33B | 2.46B |
| Total Debt | 6.09B | 3.71B | 4.29B | 2.89B | 3.59B | 2.96B |
| Total Liabilities | 15.43B | 12.77B | 13.45B | 11.73B | 13.02B | 12.88B |
| Stockholders Equity | 20.97B | 20.49B | 21.73B | 19.92B | 20.08B | 20.80B |
Cash Flow | ||||||
| Free Cash Flow | 2.02B | 1.82B | 2.49B | 2.65B | 598.00M | 1.49B |
| Operating Cash Flow | 2.71B | 2.52B | 3.12B | 3.25B | 1.19B | 2.14B |
| Investing Cash Flow | -2.28B | -401.00M | -2.33B | -684.00M | -323.00M | -479.00M |
| Financing Cash Flow | 703.00M | -2.18B | 171.00M | -1.65B | -1.73B | -1.29B |
Henkel AG & Co. KGaA Technical Analysis
Positive
74.68
Price Trends
75.08
Positive
70.11
Positive
70.12
Positive
Market Momentum
0.27
Positive
52.73
Neutral
58.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HEN3, the sentiment is Positive. The current price of 74.68 is below the 20-day moving average (MA) of 76.65, below the 50-day MA of 75.08, and above the 200-day MA of 70.12, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 52.73 is Neutral, neither overbought nor oversold. The STOCH value of 58.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:HEN3.
Henkel AG & Co. KGaA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €17.53B | 18.76 | 10.66% | 1.28% | -2.50% | 8.61% | |
74 Outperform | €29.62B | 16.07 | 9.23% | 2.77% | -3.47% | -5.47% | |
70 Neutral | €46.21B | 7.73 | 17.00% | 5.16% | -8.88% | 1431.12% | |
64 Neutral | €8.64B | 71.62 | 1.49% | 5.85% | -4.03% | -71.46% | |
64 Neutral | €12.96B | 34.50 | 9.90% | 1.44% | -1.45% | -50.97% | |
62 Neutral | €8.74B | 24.01 | 8.30% | 3.22% | -5.28% | -13.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:HEN3
Henkel AG & Co. KGaA
75.70
5.81
8.32%
DE:BAS
BASF SE
51.51
7.51
17.06%
DE:BEI
Beiersdorf
80.70
-17.28
-17.64%
DE:BNR
Brenntag AG
60.50
8.55
16.47%
DE:EVK
Evonik
18.52
2.91
18.63%
DE:SY1
Symrise
91.86
10.54
12.96%
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.