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Henkel AG & Co. KGaA
(XETRA:HEN3)
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Rating:64Neutral
Price Target:
€80.00
▲(19.69% Upside)
Action:Downgraded
Date: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
Conservative leverage
Henkel’s low debt-to-equity (~0.18) provides durable financial flexibility. With conservative leverage the company can fund capex, sustain dividends or weather cyclical downturns without strained liquidity, reducing refinancing risk and preserving strategic optionality.
Negative Factors
Top-line weakness
A multi-year revenue shortfall and a 2025 decline indicate persistent demand weakness or lost volume in key markets. Continued top-line contraction risks eroding scale advantages, limiting margin upside and constraining the company’s ability to invest in growth or defend market share long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Henkel’s low debt-to-equity (~0.18) provides durable financial flexibility. With conservative leverage the company can fund capex, sustain dividends or weather cyclical downturns without strained liquidity, reducing refinancing risk and preserving strategic optionality.
Read all positive factors
Henkel AG & Co. KGaA (HEN3) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€28.76B
Dividend Yield2.92%
Average Volume (3M)399.64K
Price to Earnings (P/E)15.0
Beta (1Y)0.56
Revenue Growth-5.05%
EPS Growth2.92%
CountryDE
Employees47,200
SectorGeneral
Sector StrengthN/A
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)4.92
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
€73.67Price Target Upside10.22% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)5.47
Revenue Forecast (FY)€21.08B
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 | 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
Positive
66.84
Price Trends
69.05
Positive
68.27
Positive
68.95
Positive
Market Momentum
1.59
Positive
54.83
Neutral
30.88
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 66.84 is below the 20-day moving average (MA) of 73.35, below the 50-day MA of 69.05, and below the 200-day MA of 68.95, indicating a neutral trend. The MACD of 1.59 indicates Positive momentum. The RSI at 54.83 is Neutral, neither overbought nor oversold. The STOCH value of 30.88 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)
DE:HEN3
Henkel AG & Co. KGaA
73.90
8.35
12.74%
DE:BEI
Beiersdorf
78.70
-27.69
-26.03%
DE:SY1
Symrise
87.76
0.36
0.42%
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.