Hornbach Holding AG

Hornbach Holding is engaged in the development and operation of do-it-yourself (DIY) megastores with garden centers on an international basis. In addition, Co. and its subsidiaries are engaged in the construction materials and builders' merchant business. Co. operates within two segments: retail business and its real estate business. As of Feb. 28, 2014, Co. was operating a total of 49 DIY megastores with garden centers in eight countries outside Germany.
  • Ticker608340
  • ISINDE0006083405
  • SectorGeneral Retailers
  • CountryGermany

Analysts

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

With a more favourable environment, HORNBACH HOLDING AG improves to Slightly Positive

HORNBACH HOLDING AG (DE), a company active in the Broadline Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date July 5, 2019, the closing price was EUR 53.00 and its potential was estimated at EUR 55.65.

Ahmed Ouni ...
  • Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 07/02/2019

...

Ahmed Ouni ...
  • Henning Steinbrink

Hornbach Holding : Upgrade to Buy, TP raised to € 62 (46); promising start to year after dis-appointing 2018-19; DIY and ICR execution show business model superiority

>Latest cost-saving measures increase visibility - We upgrade our rating on Hornbach Holding from Neutral to Buy. The company got off to a convincing start in its most important business quarter, Q1 (spring season), after the disappointing developments in 2018-19 that significantly weighed on its share price. Management is now back on track i/ coming to grips with the disproportionate rise in personnel and material expenses from Q4, ii/ reducing unnecessary investment...

Ahmed Ouni ...
  • Henning Steinbrink

Hornbach Holding : Upgrade to Buy, TP raised to € 62 (46); promising start to year after dis-appointing 2018-19; DIY and ICR execution show business model superiority

>Latest cost-saving measures increase visibility - We upgrade our rating on Hornbach Holding from Neutral to Buy. The company got off to a convincing start in its most important business quarter, Q1 (spring season), after the disappointing developments in 2018-19 that significantly weighed on its share price. Management is now back on track i/ coming to grips with the disproportionate rise in personnel and material expenses from Q4, ii/ reducing unnecessary investment...

Ahmed Ouni ...
  • Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 07/02/2019

...

Ahmed Ouni ...
  • Henning Steinbrink

Hornbach Holding : Upgrade to Buy, TP raised to € 62 (46); promising start to year after dis-appointing 2018-19; DIY and ICR execution show business model superiority

>Latest cost-saving measures increase visibility - We upgrade our rating on Hornbach Holding from Neutral to Buy. The company got off to a convincing start in its most important business quarter, Q1 (spring season), after the disappointing developments in 2018-19 that significantly weighed on its share price. Management is now back on track i/ coming to grips with the disproportionate rise in personnel and material expenses from Q4, ii/ reducing unnecessary investment...

Ahmed Ouni ...
  • Henning Steinbrink

Hornbach Holding : Upgrade to Buy, TP raised to € 62 (46); promising start to year after dis-appointing 2018-19; DIY and ICR execution show business model superiority

>Latest cost-saving measures increase visibility - We upgrade our rating on Hornbach Holding from Neutral to Buy. The company got off to a convincing start in its most important business quarter, Q1 (spring season), after the disappointing developments in 2018-19 that significantly weighed on its share price. Management is now back on track i/ coming to grips with the disproportionate rise in personnel and material expenses from Q4, ii/ reducing unnecessary investment...

Alexander Rummler

Hornbach Holding : Final Q3 2018-19 results: healthy online growth

>Results are in line with preliminary figures, healthy sales and online growth - Hornbach Holding Q3 sales of € 1,085m (+7.7% y-o-y), and adjusted EBIT of € 19.7m (-32% y-o-y) came in in line with preliminary figures already reported on 10 December 2018. As in previous years, Baumarkt (DIY) sales growth in the Rest of Europe (+10.9%) significantly outperformed Germany (+4.4%). On a like-for-like basis, group sales grew by +6.2% y-o-y (vs 2.7% in Q3 2017-18), of which ...

Ahmed Ouni ...
  • Alexander Rummler
  • Henning Steinbrink

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 12.12.2018

...

With a more favourable environment, HORNBACH HOLDING AG improves to Slightly Positive

HORNBACH HOLDING AG (DE), a company active in the Broadline Retailers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date July 5, 2019, the closing price was EUR 53.00 and its potential was estimated at EUR 55.65.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

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