HORNBACH Holding AG & Co. KGaA/€HBH

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About HORNBACH Holding AG & Co. KGaA

HORNBACH Holding AG & Co. KGaA is a German company operating primarily in the home improvement retail sector. It manages a chain of DIY megastores, offering a wide range of products including building and renovation materials, garden supplies, and various home improvement goods. The company was founded in 1877 and has its headquarters in Bornheim, Germany. HORNBACH has a strong presence across Europe, with numerous stores in Germany, Austria, and additional locations across several European countries. Its strategic positioning emphasizes large-scale store formats offering extensive product assortments and competitive pricing, which serve to cater effectively to both private consumers and professional builders.

Ticker

€HBH

Primary listing

XETRA

Employees

25,475

HBH Metrics

BasicAdvanced
€1.3B
9.53
€8.77
1.03
€2.40
2.87%

Bulls say / Bears say

Hornbach continued to grow its market share across Europe in 2025, with its share in Germany increasing to 15.5% and in the Netherlands to 28.8%, underscoring strong competitive positioning (Investing.com).
E-commerce remains a key driver: online sales reached €447.3 million in H1 2025/26—accounting for 13.1% of total net sales, up from 12.5% the previous year—demonstrating successful execution of their omnichannel strategy (Investing.com).
Financial flexibility has increased, with free cash flow up 16% to €129.6 million, the equity ratio improving to 46.9%, and net debt/EBITDA falling to 2.4x, backing continued investment in new stores and modernizations (Investing.com).
Despite strong Q1 results, Berenberg downgraded HBH to 'hold,' pointing out that the 34% year-to-date rise in the share price now limits valuation upside with the stock trading roughly 17% above its five-year average forward P/E (Investing.com).
Berenberg analysts see only modest growth for Hornbach through 2029, forecasting a compound annual EPS growth rate of just 2.3% and a sales CAGR of 2.6%, both lagging well behind sector averages—indicating a slower pace of earnings expansion compared to peers (Investing.com).
German retail sales dropped an unexpected 1.5% in July 2025, highlighting a cautious consumer environment that could restrain demand for home improvement retailers like Hornbach (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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