EN DE

Hamburger Hafen und Logistik Aktiengesellschaft, (HHFA) Fair Value & Analysis

Industrials · DE · Market cap €1.6B

HH Hamburger Hafen und Logistik Aktiengesellschaft, HHFA · XETRA
Price€21.70
Fair Value€5.66
Upside-73.9%
Quality44/100
Watch Hamburger Hafen und Logistik Aktiengesellschaft, for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 0.2% net margin
Moderate debt · negative free cash flow
Trails peers (3/14)
Narrow moat 28/100
Evidence: High Range €4.24 – €7.06 Share as image

Fair value as of: Jul 17, 2026

From 15 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from €6.88 to €5.66 (−17.7%) since Jun 24, 2026.

Below-average quality, and screening another 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€7.06). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€23.30 €9.87 Fair Value €5.66 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €9.87 – €23.30 · fair‑value band €4.24 – €7.06 · the €21.70 price screens above the €5.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Hamburger Hafen und Logistik Aktiengesellschaft, (HHFA) currently trades at €21.70, while our model-based Fair Value estimate is €5.66, implying the stock looks roughly 73.9% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Hamburger Hafen und Logistik Aktiengesellschaft, generated revenue of €1.8B at a net margin of 0.2%. Revenue grew 6.9% year over year. It earns a return on equity of 2.9%. Net debt stands at €1.5B. Fundamentals as of Jul 17, 2026

Our scenario range runs from €4.24 (bear case) to €7.06 (bull case); at €21.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -74%, HHFA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income €7.00 €6.53 €4.48 76
ROIC Compounder €0.8900 €2.29 €3.47 72
Gordon GGM €1.21 €2.07 €3.00 70
All 15 models by family
Earnings-Based
Graham-Dodd €0.9200 €2.33 €3.03 54
PEG = 1.0 €0.4300 €0.6200 €0.8100 46
EPV €0.8900 €2.29 €3.47 59
Dividend Discount
Gordon GGM €1.21 €2.07 €3.00 70
DDM Multi-Stage €1.21 €1.74 €2.24 61
Multiples
P/E Multiple €2.12 €2.83 €3.53 63
P/S Multiple €1.72 €2.29 €2.86 58
P/B Multiple €1.72 €2.29 €2.86 55
EV/EBIT €19.98 €29.78 €39.59 53
EV/EBITDA €36.74 €52.14 €67.53 54
EV/Revenue €11.56 €20.56 €29.55 43
Asset-Based
NCAV (Graham) €5.36 €7.19 €10.73 50
Economic Profit
Residual Income €7.00 €6.53 €4.48 76
ROIC Compounder €0.8900 €2.29 €3.47 72
Growth Earnings
Growth-Adj P/E €1.64 €2.35 €3.05 68

Widest divergence: Asset-Based (€7.19) versus Dividend Discount (€1.74). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €1.8B
Revenue growth (YoY) +3.6%
Net margin 0.2%
Return on equity 2.9%
Free cash flow −€73.8M FY2025
P/E ratio 542.5
More key figures
Operating margin 6.7%
EPS (TTM) €0.0400
EPS growth (YoY) -90.0%
Net debt €1.5B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 61

Profitability 21
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hamburger Hafen und Logistik Aktiengesellschaft, together with its subsidiaries, provides container handling, transport, and logistics services in Germany, Europe, and internationally. It operates through four segments: Container, Intermodal, Logistics, and Real Estate.

Full company description

Hamburger Hafen und Logistik Aktiengesellschaft, together with its subsidiaries, provides container handling, transport, and logistics services in Germany, Europe, and internationally. It operates through four segments: Container, Intermodal, Logistics, and Real Estate. The company handles loading, discharging, and transshipping containers to other carriers, including rail, truck, feeder, or inland waterway ships; operates container terminals; and offers container maintenance and repair services. It also provides transportation and terminal networks for containers in seaport-hinterland traffic; various maritime and continental logistics; and transports containers by road, both locally and over long-haul distances. In addition, the company engages in the operation of handling facilities for dry bulk, motor vehicles, and fruit; consultancy and management services; and process automation, digital, and leasing services. Further, it is involved in district/project development, letting, and commercial and technical management of properties. The company was formerly known as Hamburger Hafen- und Lagerhaus-AG and changed its name to Hamburger Hafen und Logistik Aktiengesellschaft in January 2005. Hamburger Hafen und Logistik Aktiengesellschaft was founded in 1885 and is headquartered in Hamburg, Germany. The company operated as a subsidiary of HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH. The company operates as a subsidiary of Port of Hamburg Beteiligungsgesellschaft SE.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hamburger Hafen und Logistik Aktiengesellschaft, reported revenue of €1.8B in FY2025 versus €1.5B in FY2021, a compound +4.6%/yr. Reported net income was €9.8M in FY2025, compounding −45.7%/yr from FY2021.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€1.8B
Latest YoY
+9.9%
Avg. growth/yr (3Y)
+3.6%
Avg. growth/yr (5Y)
+6.2%
Avg. growth/yr (21Y)
+4.4%
Revenue +4.6%/yr
FY21 €1.5B
FY22 €1.6B
FY23 €1.4B
FY24 €1.6B
FY25 €1.8B
Net income −45.7%/yr
FY21 €112M
FY22 €133M
FY23 €20.0M
FY24 €32.5M
FY25 €9.8M

HHFA screens 74% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Hamburger Hafen und Logistik Aktiengesellschaft, Fair Value". https://www.fairvalue-calculator.com/stock/HHFA

Peer Group

Marine Shipping · 231 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 44 · Bottom 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 7% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.11× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 542.5× · Pricier than 75% of peers
P/B 2.42× · Pricier than 75% of peers
P/S (TTM) 1.06× · Cheaper than median
EV/EBITDA 9.2× · Pricier than median
PEG 1.32× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 29
FUTURE 18 · sector 18
PAST 11 · sector 27
HEALTH 45 · sector 88
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

Compare Hamburger Hafen und Logistik Aktiengesellschaft, with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Hamburger Hafen und Logistik Aktiengesellschaft, (HHFA) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €5.66 versus a price of €21.70, about −74% (overvalued).
What is the fair value of HHFA?
Our model-based fair value for Hamburger Hafen und Logistik Aktiengesellschaft, is €5.66 (as of Jul 17, 2026), built from audited fundamentals. The current price is €21.70.
What is the quality score of HHFA?
Hamburger Hafen und Logistik Aktiengesellschaft, has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hamburger Hafen und Logistik Aktiengesellschaft, (HHFA)?
Hamburger Hafen und Logistik Aktiengesellschaft, reported trailing-twelve-month revenue of about €1.8B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of HHFA?
The net profit margin of Hamburger Hafen und Logistik Aktiengesellschaft, is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Hamburger Hafen und Logistik Aktiengesellschaft, and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.