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Hamburger Hafen und Logistik

DB:HHFA
Snowflake Description

Good value with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HHFA
DB
€891M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Hamburger Hafen und Logistik Aktiengesellschaft operates as a port and transport logistics company in Europe. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Hamburger Hafen und Logistik has significant price volatility in the past 3 months.
HHFA Share Price and Events
7 Day Returns
1.4%
DB:HHFA
11.3%
DE Infrastructure
9.9%
DE Market
1 Year Returns
-38.3%
DB:HHFA
-43.8%
DE Infrastructure
-17.5%
DE Market
HHFA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hamburger Hafen und Logistik (HHFA) 1.4% -33.7% -48.5% -38.3% -26.1% -36%
DE Infrastructure 11.3% -34% -49.8% -43.8% -42.3% -21.2%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • HHFA outperformed the Infrastructure industry which returned -43.8% over the past year.
  • HHFA underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
HHFA
Industry
5yr Volatility vs Market

HHFA Value

 Is Hamburger Hafen und Logistik undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hamburger Hafen und Logistik to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hamburger Hafen und Logistik.

DB:HHFA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HHFA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 30%) (128.05%))
1.256
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.256 * 5.44%)
6.44%

Discounted Cash Flow Calculation for DB:HHFA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hamburger Hafen und Logistik is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:HHFA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.44%)
2020 69.85 Analyst x4 65.62
2021 89.78 Analyst x4 79.24
2022 104.90 Analyst x3 86.99
2023 146.00 Analyst x1 113.74
2024 170.10 Est @ 16.51% 124.50
2025 189.56 Est @ 11.44% 130.35
2026 204.51 Est @ 7.89% 132.12
2027 215.57 Est @ 5.41% 130.84
2028 223.47 Est @ 3.67% 127.43
2029 228.95 Est @ 2.45% 122.65
Present value of next 10 years cash flows €1,113.00
DB:HHFA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €228.95 × (1 + -0.39%) ÷ (6.44% – -0.39%)
€3,338.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,338.91 ÷ (1 + 6.44%)10
€1,788.74
DB:HHFA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,113.00 + €1,788.74
€2,901.74
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,901.74 / 72.75
€39.88
DB:HHFA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HHFA represents 0.99449x of XTRA:HHFA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99449x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 39.88 x 0.99449
€39.66
Value per share (EUR) From above. €39.66
Current discount Discount to share price of €12.64
= -1 x (€12.64 - €39.66) / €39.66
68.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hamburger Hafen und Logistik is available for.
Intrinsic value
>50%
Share price is €12.64 vs Future cash flow value of €39.66
Current Discount Checks
For Hamburger Hafen und Logistik to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hamburger Hafen und Logistik's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hamburger Hafen und Logistik's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hamburger Hafen und Logistik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hamburger Hafen und Logistik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HHFA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.42
XTRA:HHFA Share Price ** XTRA (2020-03-31) in EUR €12.71
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 10.3x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hamburger Hafen und Logistik.

DB:HHFA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:HHFA Share Price ÷ EPS (both in EUR)

= 12.71 ÷ 1.42

8.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hamburger Hafen und Logistik is good value based on earnings compared to the Europe Infrastructure industry average.
  • Hamburger Hafen und Logistik is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hamburger Hafen und Logistik's expected growth come at a high price?
Raw Data
DB:HHFA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
6.9%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.17x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:HHFA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.95x ÷ 6.9%

1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hamburger Hafen und Logistik is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hamburger Hafen und Logistik's assets?
Raw Data
DB:HHFA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €8.11
XTRA:HHFA Share Price * XTRA (2020-03-31) in EUR €12.71
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.9x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:HHFA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:HHFA Share Price ÷ Book Value per Share (both in EUR)

= 12.71 ÷ 8.11

1.57x

* Primary Listing of Hamburger Hafen und Logistik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hamburger Hafen und Logistik is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Hamburger Hafen und Logistik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Hamburger Hafen und Logistik has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HHFA Future Performance

 How is Hamburger Hafen und Logistik expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hamburger Hafen und Logistik expected to grow at an attractive rate?
  • Hamburger Hafen und Logistik's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Hamburger Hafen und Logistik's earnings growth is positive but not above the Germany market average.
  • Hamburger Hafen und Logistik's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HHFA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HHFA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 6.9%
DB:HHFA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.5%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HHFA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HHFA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,446 2
2023-12-31 1,437 325 127 3
2022-12-31 1,408 322 106 5
2021-12-31 1,358 303 93 6
2020-12-31 1,210 250 37 3
2020-03-31
DB:HHFA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,389 323 103
2019-09-30 1,378 315 112
2019-06-30 1,357 310 115
2019-03-31 1,329 272 118
2018-12-31 1,296 233 112
2018-09-30 1,279 232 86
2018-06-30 1,268 223 81
2018-03-31 1,267 243 80
2017-12-31 1,257 275 81
2017-09-30 1,255 271 91
2017-06-30 1,233 270 100
2017-03-31 1,204 259 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hamburger Hafen und Logistik's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Hamburger Hafen und Logistik's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HHFA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Hamburger Hafen und Logistik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HHFA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 1.82 1.82 1.82 1.00
2022-12-31 1.52 2.10 1.18 6.00
2021-12-31 1.32 1.78 0.89 7.00
2020-12-31 0.54 0.96 -0.03 4.00
2020-03-31
DB:HHFA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.42
2019-09-30 1.53
2019-06-30 1.58
2019-03-31 1.61
2018-12-31 1.54
2018-09-30 1.18
2018-06-30 1.11
2018-03-31 1.10
2017-12-31 1.11
2017-09-30 1.25
2017-06-30 1.37
2017-03-31 1.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hamburger Hafen und Logistik is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hamburger Hafen und Logistik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hamburger Hafen und Logistik has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HHFA Past Performance

  How has Hamburger Hafen und Logistik performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hamburger Hafen und Logistik's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hamburger Hafen und Logistik's year on year earnings growth rate has been positive over the past 5 years.
  • Hamburger Hafen und Logistik's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hamburger Hafen und Logistik's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Hamburger Hafen und Logistik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hamburger Hafen und Logistik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HHFA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,388.81 103.28 9.47
2019-09-30 1,377.90 111.98 58.30
2019-06-30 1,357.26 114.62 58.30
2019-03-31 1,329.14 118.03 58.30
2018-12-31 1,296.35 112.28 58.30
2018-09-30 1,278.93 85.90 53.83
2018-06-30 1,267.54 80.80 53.83
2018-03-31 1,267.16 80.37 53.83
2017-12-31 1,257.21 81.07 53.83
2017-09-30 1,254.95 91.41 62.87
2017-06-30 1,232.82 99.84 62.87
2017-03-31 1,204.23 79.27 62.87
2016-12-31 1,184.14 73.03 62.87
2016-09-30 1,150.35 71.70 53.35
2016-06-30 1,137.78 55.01 53.35
2016-03-31 1,138.53 72.27 53.35
2015-12-31 1,151.15 66.68 53.35
2015-09-30 1,171.38 67.88 51.51
2015-06-30 1,198.20 70.35 51.51
2015-03-31 1,211.10 60.98 51.51
2014-12-31 1,207.48 58.91 51.51
2014-09-30 1,197.41 56.60 46.56
2014-06-30 1,174.96 51.34 46.56
2014-03-31 1,164.58 50.38 46.56
2013-12-31 1,145.96 54.29 46.56
2013-09-30 1,161.91 52.90 43.95
2013-06-30 1,154.42 59.29 43.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hamburger Hafen und Logistik has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hamburger Hafen und Logistik used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Hamburger Hafen und Logistik's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hamburger Hafen und Logistik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hamburger Hafen und Logistik has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HHFA Health

 How is Hamburger Hafen und Logistik's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hamburger Hafen und Logistik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hamburger Hafen und Logistik is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hamburger Hafen und Logistik's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hamburger Hafen und Logistik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hamburger Hafen und Logistik Company Filings, last reported 3 months ago.

DB:HHFA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 578.86 347.57 158.04
2019-09-30 567.07 647.50 203.30
2019-06-30 534.40 388.24 170.60
2019-03-31 570.95 608.20 227.27
2018-12-31 614.84 387.28 181.46
2018-09-30 613.33 325.21 105.10
2018-06-30 572.46 310.36 97.83
2018-03-31 589.93 297.76 177.37
2017-12-31 602.36 271.60 201.51
2017-09-30 638.82 308.71 201.73
2017-06-30 602.45 322.53 166.08
2017-03-31 605.22 333.66 212.47
2016-12-31 570.84 314.41 177.19
2016-09-30 544.80 351.80 155.88
2016-06-30 510.03 358.86 97.24
2016-03-31 574.92 358.77 148.65
2015-12-31 580.56 346.90 194.57
2015-09-30 584.56 381.95 167.33
2015-06-30 558.39 298.73 168.10
2015-03-31 535.97 300.40 231.80
2014-12-31 546.74 350.62 252.22
2014-09-30 584.51 337.26 199.95
2014-06-30 571.57 339.82 180.29
2014-03-31 592.38 370.59 199.97
2013-12-31 600.10 355.78 215.36
2013-09-30 595.27 390.08 201.94
2013-06-30 566.36 401.19 195.91
  • Hamburger Hafen und Logistik's level of debt (60%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64% vs 60% today).
  • Debt is well covered by operating cash flow (92.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Hamburger Hafen und Logistik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hamburger Hafen und Logistik has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HHFA Dividends

 What is Hamburger Hafen und Logistik's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.51%
Current annual income from Hamburger Hafen und Logistik dividends. Estimated to be 5.27% next year.
If you bought €2,000 of Hamburger Hafen und Logistik shares you are expected to receive €110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hamburger Hafen und Logistik's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Hamburger Hafen und Logistik's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Hamburger Hafen und Logistik before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HHFA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 7.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HHFA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.86 5.00
2021-12-31 0.76 6.00
2020-12-31 0.30 4.00
2020-03-31
DB:HHFA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-26 0.700 5.514
2019-03-28 0.800 3.688
2018-03-28 0.670 3.440
2017-06-22 0.590 2.527
2016-03-30 0.590 3.726
2015-03-24 0.520 3.412
2014-06-19 0.450 2.436
2013-03-27 0.650 3.610
2012-08-14 0.650 3.473
2012-03-30 0.650 3.104
2012-03-28 0.650 2.587
2011-03-31 0.550 2.198
2010-01-04 0.400 1.363
2009-05-11 1.000 3.528

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Hamburger Hafen und Logistik's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Hamburger Hafen und Logistik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hamburger Hafen und Logistik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hamburger Hafen und Logistik has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HHFA Management

 What is the CEO of Hamburger Hafen und Logistik's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Angela Titzrath
COMPENSATION €1,226,207
AGE 53
TENURE AS CEO 3.2 years
CEO Bio

Ms. Angela Titzrath-Grimm has been the Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG since January 1, 2017. Ms. Titzrath-Grimm has been a Member of Executive Board of Hamburger Hafen und Logistik AG since October 1, 2016. Ms. Titzrath-Grimm has been Executive Consultant for investments and start-ups since 2014. She served as Labor Director, Board Member for Human Resources and Member of the Management Board at Deutsche Post AG from May 1, 2012 to July 5, 2014. Ms. Titzrath-Grimm was a Member of Supervisory Board at AXA Konzern AG till June 2018. She served as Head of Marketing, Sales & Aftersales at EvoBus GmbH until January 2012. She served as Head of Operations and Strategic Management at Mercedes-Benz Finanziaria S.p.A., Rome (Italy) from 1991 to 1994. From 1994 to 1995, she served as Assistant to the Executive Board for Finance and Insurance, Debis AG, Berlin (Germany) and Head of Internal and External Communication, Debis AG, Stuttgart (Germany). From 1996 to 1999, she served as Managing Director and Chief Executive Officer of MB Credit of Canada, Toronto (Canada) and Member of the Management Board at MB Credit Corporation, Norwalk (USA). She served as Member of the Management Board, DaimlerChrysler Bank, Stuttgart (Germany) from 1999 to 2000. Ms. Titzrath-Grimm took on several international top management functions at the Daimler Group between 1991 and 2012, including Chief Executive Officer of the Mercedes-Benz Credit of Canada, Managing Director of the Mercedes-Benz Credit of North America in the US and European Managing Director of Mercedes-Benz Bank. She also headed up all services, equity interests and the corporate strategy in the DaimlerChrysler merger. In 2002, Ms. Titzrath took on the role of commercial managing director at the Mercedes-Benz production plant in Spain and subsequently became Member of the Executive Board for Sales, Aftersales and Logistics for the Daimler AG Buses division. She served as Divisional Head of Corporate Strategy at DaimlerChrysler AG, Stuttgart (Germany) from 2000 to 2002. She served as a Member of the Management Board, Mercedes-Benz, Vitoria (Spain) from 2002 to 2005. She served as Divisional Head of Executive Management Development at Daimler AG, Stuttgart (Germany) from 2005 to 2011. She served as Member of the Management Board, Sales, Business Division Buses, EvoBus GmbH, Kirchheim unter Teck (Germany) – a group company of Daimler AG, Stuttgart (Germany) from 2011 to 2012. She has been a Independent Member of Supervisory Board at Evonik Industries AG since May 19, 2016. She has been Deputy Chairman of Supervisory board at Talanx AG since May 8, 2018. She served as a Member of Advisory Board at HSH Nordbank AG since April 9, 2018. She Studied Economics and Romance Philology from Universities of Bochum (Germany), Perugia (Italy) and Coimbra (Portugal), M. A. from 1986 to 1991.

CEO Compensation
  • Angela's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Angela's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hamburger Hafen und Logistik management team in years:

2.8
Average Tenure
52
Average Age
  • The tenure for the Hamburger Hafen und Logistik management team is about average.
Management Team

Angela Titzrath

TITLE
Chairwoman of the Executive Board
COMPENSATION
€1M
AGE
53
TENURE
3.2 yrs

Roland Lappin

TITLE
CFO & Member of Executive Board
COMPENSATION
€895K
AGE
58

Jens Hansen

TITLE
COO & Member of Executive Board
COMPENSATION
€754K
AGE
51
TENURE
2.8 yrs

Torben Seebold

TITLE
Chief Human Resources Officer & Member of Executive Board
AGE
38
TENURE
0.8 yrs

Stefanie Steiner

TITLE
Head of Investor Relations

Oliver Dux

TITLE
Managing Director - CTA

Ingo Witte

TITLE
Managing Director-Cta

Thomas Koch

TITLE
Managing Director-CTT

Gerlinde John

TITLE
Head of Terminal Development - CTA
Board of Directors Tenure

Average tenure and age of the Hamburger Hafen und Logistik board of directors in years:

2.7
Average Tenure
57
Average Age
  • The average tenure for the Hamburger Hafen und Logistik board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rüdiger Grube

TITLE
Chairman of Supervisory Board
COMPENSATION
€49K
AGE
68
TENURE
2.7 yrs

Berthold Bose

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€26K
AGE
56
TENURE
2.7 yrs

Norbert Kloppenburg

TITLE
Member of Supervisory Board
COMPENSATION
€25K
AGE
63
TENURE
7.7 yrs

Sibylle Roggencamp

TITLE
Member of Supervisory Board
COMPENSATION
€29K
AGE
52
TENURE
7.7 yrs

Isabella Niklas

TITLE
Member of Supervisory Board
COMPENSATION
€13K
AGE
47
TENURE
1.7 yrs

Thomas Mendrzik

TITLE
Member of the Supervisory Board
COMPENSATION
€28K
AGE
60
TENURE
2.7 yrs

Norbert Paulsen

TITLE
Member of Supervisory Board
COMPENSATION
€29K
AGE
58
TENURE
7.7 yrs

Thomas Lutje

TITLE
Member of Supervisory Board
COMPENSATION
€18K
AGE
59
TENURE
2.7 yrs

Sonja Petersen

TITLE
Member of Supervisory Board
COMPENSATION
€22K
AGE
39
TENURE
2.7 yrs

Maya Schwiegershausen-Güth

TITLE
Member of Supervisory Board
COMPENSATION
€15K
AGE
35
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hamburger Hafen und Logistik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hamburger Hafen und Logistik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HHFA News

Simply Wall St News

Hamburger Hafen und Logistik Aktiengesellschaft's (FRA:HHFA) 3.6% Dividend Yield Looks Pretty Interesting

For the purpose of this article, we only scrutinise the last decade of Hamburger Hafen und Logistik's dividend payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Hamburger Hafen und Logistik has grown its earnings per share at 17% per annum over the past five years. … See if the 8 Hamburger Hafen und Logistik analysts we track are forecasting continued growth with our free report on analyst estimates for the company.

Simply Wall St -

Why Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) Looks Like A Quality Company

See our latest analysis for Hamburger Hafen und Logistik How Do I Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hamburger Hafen und Logistik: 25% = €118m ÷ €571m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA): Earnings Growth Remains Elusive

Since Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) released its earnings in March 2019, analyst consensus outlook appear pessimistic, with earnings expected to decline by 10% in the upcoming year against the past 5-year average growth rate of 14%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … DB:HHFA Past and Future Earnings, July 15th 2019 From the current net income level of €112m and the final forecast of €117m by 2022, the annual rate of growth for HHFA’s earnings is 7.2%.

Simply Wall St -

Does Hamburger Hafen und Logistik Aktiengesellschaft’s (FRA:HHFA) ROCE Reflect Well On The Business?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Hamburger Hafen und Logistik: 0.085 = €196m ÷ (€2.6b - €303m) (Based on the trailing twelve months to March 2019.) Therefore, Hamburger Hafen und Logistik has an ROCE of 8.5%. … Hamburger Hafen und Logistik's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA)?

If you own shares in Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … This means that -- if history is a guide -- buying the stock would reduce the impact of overall market volatility in many portfolios (depending on the beta of the portfolio, of course).

Simply Wall St -

Do You Like Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) At This P/E Ratio?

Hamburger Hafen und Logistik has a price to earnings ratio of 13.68, based on the last twelve months. … Check out our latest analysis for Hamburger Hafen und Logistik How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Hamburger Hafen und Logistik: P/E of 13.68 = €22.06 ÷ €1.61 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

With EPS Growth And More, Hamburger Hafen und Logistik (FRA:HHFA) Is Interesting

Check out our latest analysis for Hamburger Hafen und Logistik Hamburger Hafen und Logistik's Earnings Per Share Are Growing. … For companies with market capitalizations between €895m and €2.9b, like Hamburger Hafen und Logistik, the median CEO pay is around €1.5m. … For growth investors like me, Hamburger Hafen und Logistik's raw rate of earnings growth is a beacon in the night.

Simply Wall St -

Does Hamburger Hafen und Logistik's (FRA:HHFA) Share Price Gain of 65% Match Its Business Performance?

For example, Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) shareholders have seen the share price rise 65% over three years, well in excess of the market return (16%, not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Hamburger Hafen und Logistik was able to grow its EPS at 19% per year over three years, sending the share price higher?

Simply Wall St -

How Does Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) Fare As A Dividend Stock?

Dividend paying stocks like Hamburger Hafen und Logistik Aktiengesellschaft (FRA:HHFA) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … With Hamburger Hafen und Logistik yielding 3.6% and having paid a dividend for over 10 years, many investors likely find the company quite interesting.

Simply Wall St -

Does Hamburger Hafen und Logistik Aktiengesellschaft's (FRA:HHFA) 39% Earnings Growth Make It An Outperformer?

After looking at Hamburger Hafen und Logistik Aktiengesellschaft's (FRA:HHFA) latest earnings announcement (31 December 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … View our latest analysis for Hamburger Hafen und Logistik. … HHFA's trailing twelve-month earnings (from 31 December 2018) of €112m has

Simply Wall St -

HHFA Company Info

Description

Hamburger Hafen und Logistik Aktiengesellschaft operates as a port and transport logistics company in Europe. It operates in four segments: Container, Intermodal, Logistics, and Real Estate. The company operates three container terminals in Hamburg; and container terminals in Odessa, Ukraine, and Tallinn, Estonia. It also offers intermodal services that connect ports on the North and Baltic seas, and between the Northern Adriatic and its hinterland, as well as inland terminals; port and consultancy services. In addition, the company develops, rents, and manages real estate properties. The company was formerly known as Hamburger Hafen- und Lagerhaus-AG and changed its name to Hamburger Hafen und Logistik Aktiengesellschaft in 2005. The company was founded in 1885 and is headquartered in Hamburg, Germany. Hamburger Hafen und Logistik Aktiengesellschaft is a subsidiary of HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH.

Details
Name: Hamburger Hafen und Logistik Aktiengesellschaft
HHFA
Exchange: DB
Founded: 1885
€890,500,808
72,753,334
Website: http://hhla.de
Address: Hamburger Hafen und Logistik Aktiengesellschaft
Bei St. Annen 1,
Hamburg,
Hamburg, 20457,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HHFA Class A Shares XETRA Trading Platform DE EUR 02. Nov 2007
OTCPK HHUL.F Class A Shares Pink Sheets LLC US USD 02. Nov 2007
DB HHFA Class A Shares Deutsche Boerse AG DE EUR 02. Nov 2007
LSE 0NBI Class A Shares London Stock Exchange GB EUR 02. Nov 2007
SWX HHFA Class A Shares SIX Swiss Exchange CH CHF 02. Nov 2007
WBAG HHFA Class A Shares Wiener Boerse AG AT EUR 02. Nov 2007
ETLX HHFA Class A Shares Eurotlx IT EUR 02. Nov 2007
BATS-CHIXE HHFAD Class A Shares BATS 'Chi-X Europe' GB EUR 02. Nov 2007
OTCPK HHUL.Y UNSPONSORED ADR Pink Sheets LLC US USD 24. Feb 2010
Number of employees
Current staff
Staff numbers
6,296
Hamburger Hafen und Logistik employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:31
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.