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HBH.DE — XETRA Specialty Retail

Hbh.De

€84,50
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Mcap
1,4B EUR
P/E
—
EV / Rev
0,5x
Div yield
2,88 %
Op margin
0,8 %
ROE
-0,8 %
Net margin
-0,3 %
Debt / equity
0,87
Beta
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52w range
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Volume
—
Day range
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Next earnings
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About

HBH.DE is a consumer discretionary entity classified under Specialty Retail, generating revenue through retail operations, though specific product lines and customer bases are not detailed in the available data.

Business. HBH.DE is a consumer discretionary entity classified under Specialty Retail, generating revenue through retail operations, though specific product lines and customer bases are not detailed in the available data.

Classification85 %
SectorConsumer Discretionary
Industry groupSpecialty Retail
Generated · model-assisted
Sell-side consensus
BUY8 analysts
3 buy5 hold0 sell
Avg 12m price target91,40

Analyst recommendations

8 analysts · consensus Buy
Buy3
Hold5
Sell0
12-month price target
91,40
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
8 analysts · indicative
Ownership
—
not yet wired
Profitability→
-0,8 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning HBH.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to HBH.DE. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    HBH.DE is a consumer discretionary entity classified under Specialty Retail, generating revenue through retail operations, though specific product lines and customer bases are not detailed in the available data.

    Classification85 %
    SectorConsumer Discretionary
    Industry groupSpecialty Retail
    AI synthesis
    GENERATED

    HBH.DE maintains a capital structure characterized by significant leverage, with long-term debt of €1.80 billion against total equity of €2.06 billion, resulting in a debt-to-equity ratio of 0.87. The company holds a current ratio of 1.36, indicating adequate short-term liquidity to cover immediate obligations, although the risk assessment flags medium liquidity risk due to negative net cash after subtracting total debt. The market capitalization stands at €1.33 billion, trading at a price-to-book ratio of 0.65, suggesting the market values the company below its book value.

    Profitability metrics indicate operational challenges, with a return on equity of -0.76% and a return on assets of -0.33%, both negative and below typical industry medians for stable retail entities. The company generated €6.43 billion in revenue but achieved only €138.4 million in net income, reflecting a net margin of approximately 2.15%. Operating income was €256.2 million, while gross profit stood at €2.25 billion, implying high operating expenses relative to gross margins. The EV/EBITDA ratio is exceptionally high at 69.1, signaling that earnings before interest, taxes, depreciation, and amortization are low relative to the enterprise value, a common trait in capital-intensive or low-margin retail businesses.

    Key takeaways
    • The company trades at a discount to book value (P/B 0.65) but exhibits negative returns on equity and assets, indicating inefficient capital utilization.
    • High leverage (D/E 0.87) and negative net cash position create medium liquidity risk, requiring careful monitoring of debt covenants and cash flow generation.
    • Analyst sentiment is neutral-to-positive with a mean price target of €91.40, suggesting modest upside potential from current levels.
    • Low dilution risk is supported by identical basic and diluted share counts, indicating stable equity structure.
    • Absence of segment and historical data limits the depth of operational and growth analysis, necessitating reliance on static financial metrics.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-20
    Q4 2025 · Quarter highlights

    Revenue €1.30B, +3,8% YoY; Operating income +11,0% YoY.

    Revenue€1.30B+3,8 % YoY
    Operating income-€43.0M+11,0 % YoY
    Net income-€43.4M+10,2 % YoY
    Free cash flow-€6.5M+85,3 % YoY
    EPS—
    Operating cash flow€374.7M+17,7 % YoY
    Financials
    Income statement
    Revenue€1.30B
    Gross profit€465.0M
    Operating income-€43.0M
    Net income-€43.4M
    Margins
    Gross margin35.9%
    Operating margin-3.3%
    Net margin-3.3%
    FCF margin-0.5%
    Balance sheet
    Total assets€4.83B
    Total liabilities€2.76B
    Total equity€2.06B
    Cash & equivalents€305.4M
    Long-term debt€1.80B
    Cash flow
    Operating cash flow€374.7M
    CapEx-€220.4M
    Free cash flow-€6.5M
    SBC—
    P&L flow · revenue → net income
    Revenue €1.30BOperating costs €1.34BTax €393.0kNet income €43.4M
    Highlights
    • ▍Revenue €1.30B, +3,8% YoY
    • ▍Operating income +11,0% YoY
    • ▍Net income +10,2% YoY
    • ▍Free cash flow +85,3% YoY
    • ▍Net margin -3.3%

    Valuation TTM

    Market price
    €84,50
    Market cap
    €1.33B
    Enterprise valueⓘ
    €3.14B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    0.5x
    EV / Op incomeⓘ
    69.1x
    EV / OCFⓘ
    8.4x
    P / Bⓘ
    0.7x
    P / Tangible bookⓘ
    0.7x
    Tangible book
    €2.06B
    Net cashⓘ
    -€1.80B
    Current ratioⓘ
    1.4
    Debt / equityⓘ
    0.9
    ROAⓘ
    -0.3%
    ROEⓘ
    -0.8%
    Cash conversionⓘ
    -2383.0%
    CapEx / revenueⓘ
    -3.8%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    9,12
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    8
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-08-01 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate9,12
    Revenue—no estimate—no estimate6,6B EUR
    Operating income—no estimate—no estimate264,1M EUR
    Full-year consensus mean (period as reported by source) · consensus in EUR. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution8 analysts
    Strong buy1
    Buy2
    Hold5
    Sell0
    Strong sell0
    12-month price target€91,40 · Median €90,00
    Low €83,80High €110,00
    Operating income · consensus264,1M EUR
    EPS surprise
    −5,1 %
    reported vs consensus · miss
    Revenue surprise
    −2,5 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low€83,80
    Mean€91,40
    Median€90,00
    High€110,00
    Spot€84,50
    +8.2 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin0,8 %Below median
    Net Margin-0,3 %Below median
    ROE-0,8 %Below median
    Capex / Rev-3,8 %Bottom quartile
    D/E0,87Below median
    Cash Conv-23,83Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Ev To Revenue
      enterprise_value / revenue
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • HORNBACH Holding AG & Co KgaA Market data — financials · 2026-08-01
    • HORNBACH Holding AG & Co KgaA Market data — analyst estimates · 2026-08-01
    • HORNBACH Holding AG & Co KgaA Market data — ESG · 2026-08-01

    Ownership & reference

    Leadership

    • Jan HornbachMember of the Management Board
    • Nils HornbachMember of the Management Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    HBH.DECanonical
    XETRA · EUR

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-03-20 17:29 UTCEARNINGSQuarterly results — Q4 2025 Revenue EUR 1.30B · Net EUR -43.4M
    2026-03-20 17:29 UTCEARNINGSAnnual results — FY 2026 Revenue EUR 6.43B · Net EUR 138.4M
    2025-12-19 06:00 UTCEARNINGSQuarterly results — Q3 2025 Revenue EUR 1.54B · Net EUR 10.2M
    2025-09-30 06:00 UTCEARNINGSQuarterly results — Q2 2025 Revenue EUR 1.69B · Net EUR 65.8M
    2025-05-21 06:00 UTCEARNINGSQuarterly results — Q1 2025 Revenue EUR 1.25B · Net EUR -48.3M
    2025-05-21 06:00 UTCEARNINGSAnnual results — FY 2025 Revenue EUR 6.20B · Net EUR 140.7M
    2024-12-20 06:00 UTCEARNINGSQuarterly results — Q3 2024 Revenue EUR 1.51B · Net EUR 16.9M
    2024-03-26 08:10 UTCEARNINGSAnnual results — FY 2024 Revenue EUR 6.16B · Net EUR 125.1M
    2023-05-16 06:00 UTCEARNINGSAnnual results — FY 2023 Revenue EUR 6.26B · Net EUR 157.1M
    2022-05-17 06:00 UTCEARNINGSAnnual results — FY 2022 Revenue EUR 5.87B · Net EUR 199.7M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage