Henkel AG & Co. KGaA (DE:HEN3)
XETRA:HEN3
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Henkel AG & Co. KGaA
(XETRA:HEN3)
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Rating:64Neutral
Price Target:
€76.00
▲(17.32% Upside)
Action:DowngradedDate:03/13/26
The score is driven primarily by improving profitability and a conservatively levered balance sheet, supported by reasonable valuation (P/E ~14.17 and ~2.87% dividend yield). These positives are meaningfully offset by weak technicals, with the price below key moving averages and bearish/oversold momentum signals.
Positive Factors
Improving profitability and margins
Material margin expansion to ~51.1% gross and ~14.6% operating in 2025 indicates stronger cost control and pricing power. Higher structural margins improve resilience to input shocks, enable reinvestment in R&D/brands, and sustainably support returns and cash available for stakeholders.
Negative Factors
Weakening top-line growth
A ~3.2% revenue decline in 2025 after prior weakness signals persistent demand or market-share challenges. Structural top-line erosion limits long-term operating leverage, constrains reinvestment capacity, and raises reliance on cost cuts to sustain profit growth rather than organic volume or pricing momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and margins
Material margin expansion to ~51.1% gross and ~14.6% operating in 2025 indicates stronger cost control and pricing power. Higher structural margins improve resilience to input shocks, enable reinvestment in R&D/brands, and sustainably support returns and cash available for stakeholders.
Read all positive factors
Henkel AG & Co. KGaA (HEN3) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€25.44B
Dividend Yield2.92%
Average Volume (3M)399.64K
Price to Earnings (P/E)14.2
Beta (1Y)0.57
Revenue Growth-1.06%
EPS Growth17.22%
CountryDE
Employees47,150
SectorGeneral
Sector StrengthN/A
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)6.60
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
€74.47Price Target Upside14.96% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)5.46
Revenue Forecast (FY)€20.68B
Henkel AG & Co. KGaA Business Overview & Revenue Model
Company Description
Henkel AG & Co. KGaA, together with its subsidiaries, engages in the adhesive technologies, beauty care, and laundry and home care businesses worldwide. The company's Adhesive Technologies segment offers adhesives, sealants, and functional coating...
How the Company Makes Money
Henkel makes money by selling products and solutions across two main revenue streams. (1) Adhesive Technologies: Henkel generates revenue from the sale of industrial and professional-grade adhesives, sealants, and functional coatings to business c...
Henkel AG & Co. KGaA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.50B | 21.59B | 21.51B | 22.40B | 20.07B |
| Gross Profit | 10.47B | 10.82B | 9.84B | 9.47B | 9.07B |
| EBITDA | 3.65B | 3.68B | 2.80B | 2.59B | 2.95B |
| Net Income | 2.04B | 2.01B | 1.32B | 1.26B | 1.63B |
Balance Sheet | |||||
| Total Assets | 33.35B | 35.27B | 31.73B | 33.18B | 32.67B |
| Cash, Cash Equivalents and Short-Term Investments | 3.11B | 3.53B | 2.17B | 1.33B | 2.46B |
| Total Debt | 3.71B | 4.29B | 2.89B | 3.59B | 2.96B |
| Total Liabilities | 12.77B | 13.45B | 11.73B | 13.02B | 12.88B |
| Stockholders Equity | 20.49B | 21.73B | 19.92B | 20.08B | 20.80B |
Cash Flow | |||||
| Free Cash Flow | 1.82B | 2.49B | 2.65B | 598.00M | 1.49B |
| Operating Cash Flow | 2.52B | 3.12B | 3.25B | 1.19B | 2.14B |
| Investing Cash Flow | -401.00M | -2.33B | -684.00M | -323.00M | -479.00M |
| Financing Cash Flow | -2.18B | 171.00M | -1.65B | -1.73B | -1.29B |
Henkel AG & Co. KGaA Technical Analysis
Negative
64.78
Price Trends
74.85
Negative
72.55
Negative
71.42
Negative
Market Momentum
-2.82
Positive
22.47
Positive
38.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HEN3, the sentiment is Negative. The current price of 64.78 is below the 20-day moving average (MA) of 68.60, below the 50-day MA of 74.85, and below the 200-day MA of 71.42, indicating a bearish trend. The MACD of -2.82 indicates Positive momentum. The RSI at 22.47 is Positive, neither overbought nor oversold. The STOCH value of 38.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:HEN3.
Henkel AG & Co. KGaA Peers Comparison
UnderperformOutperform
Sector (55)
DE:HEN3
Henkel AG & Co. KGaA
64.78
-1.90
-2.85%
DE:BEI
Beiersdorf
75.54
-36.31
-32.46%
DE:SY1
Symrise
74.30
-15.44
-17.21%
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.