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Henkel AG & Co. KGaA HEN3.DE

DE · Deutsche Börse Xetra · XETR · stock · Consumer Defensive · website

Henkel AG & Co. KGaA statistics & valuation

Market cap€31.4B
P / E15.4×
P / S1.5×
P / B1.5×
P / FCF17.0×
Net margin9.9%
FCF margin9.0%
Net debt€1.0B
Enterprise value USD$14.7B
Earnings yield EBIT/EV8.5%
Return on capital11.5%
Graham number +57.9%€122.40

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€122.40); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 6.10% 9.30% 9.90% 2022202320242025
Gross margin (%)
41.80% 44.90% 50.10% 50.80% 2022202320242025
Operating margin (%)
7.80% 10.30% 13.10% 13.50% 2022202320242025
Return on equity (%)
6.30% 6.60% 9.20% 9.90% 2022202320242025
Shares outstanding
151.4M 151.4M 151.4M 151.4M 2022202320242025
Net debt (€)
€2.50B €941.0M €687.0M €1.00B 2022202320242025
Share buybacks (€)
€803.0M €195.0M €0 €856.0M 2022202320242025
Return on assets (%)
3.80% 4.20% 5.70% 6.30% 2022202320242025
Free cash flow margin (%)
2.90% 12.30% 11.60% 9.00% 2022202320242025
Debt / equity (×)
0.18× 0.15× 0.16× 0.18× 2022202320242025
EPS (€)
€2.95 €3.15 €4.80 €4.92 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Henkel AG & Co. KGaA trades at about 15.8× earnings — below its 10-year norm (10-year range 15.1×–22.6×, median 22.2×).

15.1× 22.6×

Shaded band = 10-year range (15.1×–22.6×); dot = today's 15.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin50.8%50.1%44.9%41.8%
Operating margin13.5%13.1%10.3%7.8%
Net margin9.9%9.3%6.1%5.6%
FCF margin9.0%11.6%12.3%2.9%
Return on assets6.3%5.7%4.2%3.8%
Return on equity9.9%9.2%6.6%6.3%
Debt / equity0.07×0.09×0.09×0.09×
Current ratio1.201.211.201.14

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.