Hornbach Baumarkt AG (HORNBACH) Stock Price Analysis
In Germany, the DIY retail industry is highly competitive, and competition has led to a fragmented industry. Customers are likely to choose the nearest store to their needs, making it difficult to create a coherent brand. However, in the last couple of years, the market has begun to consolidate, partly due to the bankruptcy of many competitors. Since Hornbach took over its former competitors, the DIY sector has grown to represent 12% of the market.
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Companies similar to Hornbach Baumarkt AG
The P/E ratio of HORNBACH Baumarkt AG is 11.1 and is not unreasonable given its strong EPS last year. The company also has a low level of debt and is profitable. The share price should rise once the market realizes these facts. Currently, Hornbach is trading at a cheap price, and a P/E below 15 may be a good opportunity for investors.
Founded in 1896, Hornbach Baumarkt AG owns a large number of Do-it-yourself and home centers in Germany. Its stores sell a wide variety of tools and materials for home improvement. It also operates in Austria and the Netherlands.
Market capitalization of Hornbach Baumarkt AG
Market capitalization is a useful measure of a company’s value, and can help you make smart investment decisions. It can help you determine whether a company is undervalued or overvalued. For example, you might use the enterprise value to determine a potential takeover price. This metric includes a company’s total debt and cash equivalents, as well as its common equity.
Hornbach Baumarkt AG (HBA) is a German operator of home improvement and DIY retail stores. Its retail stores and do-it-yourself (DIY) centers sell a wide variety of products for the home, including garden tools, outdoor living items, and home appliances. The company also has an online store where customers can purchase many items.
Financial performance of Hornbach Baumarkt AG
Hornbach Baumarkt AG reported a significant increase in sales in eight foreign countries in its latest financial report. The Group’s international share of sales increased from 48.3 percent to 49.3% in 2018/19. Overall, sales at the group’s retail sites grew by 7.4%, or 10.8%, on a like-for-like basis. In addition, the company’s online business saw a 10.8% increase in like-for-like sales.
The Hornbach Group’s financial performance in the first quarter of FY 2022 was strong. The company’s adjusted EBIT margin increased from 6.0% to 6.2%. In addition, the Group’s cash flow was EUR 344.9 million, up from EUR 346.5 million in the prior-year period. The firm’s balance sheet is solid, with cash totaling 411 million euros on hand. Nevertheless, the company’s results are subject to seasonal fluctuations and it normally loses money in its fourth quarter. Nevertheless, the company raised its financial guidance for the full year, expecting EBIT to be 40% higher than last year.