Obermatt

Henkel

GER:HEN3 · DE0006048432
Household ProductsX-Large

360

72
EV / EBIT91
Price / Owner Earnings67
Owner Earnings Yield83
Dividend Yield65
Price/Sales67
EV / Gross Profit76
Price/Book78
Return on Capital32
Cash Return on Capital36
Return on Equity30
EBIT Margin47
Gross Profitability21
Cash Conversion41
Accruals54
Owner Earnings Margin47
Sales growth47
Profit Growth84
Long-Term EPS Growth29
Owner Earnings Growth67
Reinvestment39
Price momentum40
Debt load75
Refinancing51
Debt Payback51
Liquidity92
Analyst ratings7
Opinion Changes74
Price Target Upside40
Market mood77
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Henkel clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryGermany
IndustryHousehold Products
SizeX-Large
TypePublic Company
ExchangeXTRA
Employees31,557
Websitehenkel.de
ISINDE0006048432
Last UpdateApr 2, 2026
Themes
Green Consumer GoodsPackaging ServicesLifestyleFast-Moving Consumer GoodsBeautyCleaning ProductsConsumerPersonal Care and Hygiene

Description

Henkel AG & Co. KGaA (Henkel), together with its subsidiaries, engages in the adhesive technologies and beauty care, and laundry and home care businesses worldwide. Business Segments The company operates in three business segments: Adhesive Technol…

Analysis

Bargain bin

Henkel AG & Co. KGaA is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is attractive. The owner-earnings multiple stands at 14.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 2% a year, against analyst forecasts of 4%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
90
2023202420252026

All-time high

90

Jun 2026

All-time low

29

Jan 2023

Average rank

64

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
67
50
53
56
Price/Earnings
60
54
57
58
Price/Book
78
66
77
74
Dividend Yield
65
67
62
72
Value (overall)
79
72
75
81

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →