Company Valuation: Hamburger Hafen und Logistik AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 1,372 1,530 895.1 1,261 1,330 1,610
Change - 11.5% -41.49% 40.84% 5.49% 21.04%
Enterprise Value (EV) 1 2,307 2,505 1,893 2,391 2,586 3,075
Change - 8.57% -24.43% 26.31% 8.16% 18.92%
P/E ratio 31.7x 13.7x 9.66x 63.1x 40.9x 165x
PBR 2.4x 2.28x 1.12x 1.68x 1.75x 2.07x
PEG - 0x -0.5x -0.8x 0.7x -2.4x
Capitalization / Revenue 1.05x 1.04x 0.56x 0.86x 0.83x 0.91x
EV / Revenue 1.77x 1.7x 1.19x 1.63x 1.61x 1.74x
EV / EBITDA 7.22x 7.09x 5.72x 10.6x 10.5x 11.2x
EV / EBIT 14.1x 10.7x 8.91x 22.7x 19.2x 19.3x
EV / FCF 25.7x 22.7x 32.2x 73x -45.5x -78.8x
FCF Yield 3.89% 4.4% 3.11% 1.37% -2.2% -1.27%
Dividend per Share 2 0.45 0.75 0.75 0.08 0.1 -
Rate of return 2.44% 3.65% 6.3% 0.48% 0.57% -
EPS 2 0.5813 1.502 1.232 0.2654 0.4324 0.1298
Distribution rate 77.4% 49.9% 60.9% 30.1% 23.1% -
Net sales 1 1,304 1,470 1,584 1,467 1,608 1,767
EBITDA 1 319.6 353.5 331.1 225.3 247.5 275.4
EBIT 1 163.8 234.4 212.3 105.5 134.4 159.1
Net income 1 42.58 112.3 92.68 19.96 32.52 9.762
Net Debt 1 934.9 975 997.8 1,130 1,256 1,465
Reference price 2 18.44 20.56 11.90 16.76 17.68 21.40
Nbr of stocks (in thousands) 74,405 74,405 75,219 75,219 75,219 75,219
Announcement Date 25/03/21 25/03/22 24/03/23 26/02/24 26/03/25 25/03/26
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.88B
27.69x10.35x17.66x0.53% 44.1B
8.84x3.26x9.64x3.77% 17.32B
14.27x3.33x8.42x4.59% 9.08B
7.6x - - 5.6% 8.5B
11.68x - - - 7.82B
8.06x5.81x10.15x5.87% 7.73B
39.43x10.67x19.55x1.18% 6.55B
28.82x2.46x18.47x2.12% 6.26B
38.09x11.64x24.24x0.3% 6.09B
Average 20.50x 6.79x 15.45x 3% 11.53B
Weighted average by Cap. 21.09x 7.66x 15.36x 2.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Hamburger Hafen und Logistik AG