Hamburger Hafen Und Logistik A-SP (HHFA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Hamburger Hafen Und Logistik A-SP €5.66, price €21.50, upside -73.7%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value €5.66 · Strongly overvalued (−74%)
!Quality 44/100
!Expensive Growth(revenue 5y +6.2 %/yr)
!Thin margins · 0.2% net margin (TTM)
!Moderate debt · negative free cash flow
!Trails peers(2/14)
!Narrow moat28/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €9.87 – €23.30 · fair‑value band €4.24 – €7.06 · the €21.50 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 Sep 23, 2026.
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Hamburger Hafen und Logistik, 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.
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Hamburger Hafen und Logistik, 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 in January 2005. Hamburger Hafen und Logistik 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.
Stock analysis
Hamburger Hafen Und Logistik A-SP (HHFA) currently trades at €21.50, while our model-based Fair Value estimate is €5.66, implying the stock looks roughly 279.8% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €7.19 per share, and 2 of the 15 models we run sit above the €21.50 price.
Bear case: the Dividend Discount group reads lowest at €1.74, and 13 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: €4.24 (bear) to €7.06 (bull), the price of €21.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hamburger Hafen Und Logistik A-SP 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.
Key figures
Market cap €1.6B · P/E ratio 542.5 · P/S ratio 3.02 · EPS (TTM) €0.0400 · Dividend yield 0.7% · Net margin 0.6% · Return on equity 2.9% · Return on assets (EBIT) 5.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at −74%, HHFA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (€0.6200 to €52.14). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear €4.24Fair Value €5.66Bull €7.06
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.0294 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.9%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−37% vs −18%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 10%
Compare Hamburger Hafen Und Logistik A-SP with another stock
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Peer Groupⓘ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.Marine Shipping · 233 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−74% · Bottom 25%
Profitability
Return on equity (TTM)3% · Bottom 25%
Return on assets3% · Below median
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity1.11× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (TTM)542.5× · Priciest 25%
P/B2.36× · Priciest 25%
P/S (TTM)1.03× · Cheaper than median
EV/EBITDA9.0× · Pricier than median
PEG1.32× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)18· sector 23
PAST (return on equity)11· sector 30
HEALTH (low debt)45· sector 89
DIVIDEND (yield)14· sector 54
VALUE 0: the price sits above our fair-value range.
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 A-SP Fair Value". https://www.fairvalue-calculator.com/stock/HHFA
Frequently asked questions
Is Hamburger Hafen Und Logistik A-SP (HHFA) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €5.66 versus a price of €21.50, about −74% upside (overvalued).
What is the fair value of HHFA?
Our model-based fair value for Hamburger Hafen Und Logistik A-SP is €5.66 (as of Sep 23, 2026), built from audited fundamentals. The current price: €21.50.
What is the quality score of HHFA?
Hamburger Hafen Und Logistik A-SP 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 price target for Hamburger Hafen Und Logistik A-SP (HHFA)?
Our model-based price target is the fair value of €5.66 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario €4.24, optimistic scenario €7.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Hamburger Hafen Und Logistik A-SP stock forecast for 2026?
Our models put fair value at €5.66, about −74% upside versus a price of €21.50 (overvalued). Cautious scenario €4.24, optimistic scenario €7.06. The calculation is refreshed regularly with new filings.
What is the revenue of Hamburger Hafen Und Logistik A-SP (HHFA)?
Hamburger Hafen Und Logistik A-SP reported trailing-twelve-month revenue of about €1.8B (latest available figure, as of Sep 23, 2026).
Does Hamburger Hafen Und Logistik A-SP pay a dividend?
Hamburger Hafen Und Logistik A-SP currently shows a dividend yield of about 0.69% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Hamburger Hafen Und Logistik A-SP (HHFA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hamburger Hafen Und Logistik A-SP it is €5.66 per share (as of Sep 23, 2026), against a price of €21.50. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Hamburger Hafen Und Logistik A-SP stock overvalued or undervalued in 2026?
As of Sep 23, 2026, HHFA trades above its calculated fair value: price €21.50, fair value €5.66, a gap of about −74% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HHFA?
No. The price is what the market pays today (€21.50); the fair value is what the company's own numbers justify (€5.66). For Hamburger Hafen Und Logistik A-SP the two are €15.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hamburger Hafen Und Logistik A-SP worth?
The market values Hamburger Hafen Und Logistik A-SP at about €1.6B (market capitalisation, as of Sep 23, 2026). Per share that is €21.50; our models calculate a fair value of €5.66 per share.
What do the bullish and bearish scenarios say about HHFA?
Our models span a range for Hamburger Hafen Und Logistik A-SP: cautious scenario €4.24, base €5.66, optimistic €7.06 per share (as of Sep 23, 2026, price €21.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HHFA?
The PEG ratio of Hamburger Hafen Und Logistik A-SP is 1.32 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hamburger Hafen Und Logistik A-SP (HHFA)?
Balance-sheet figures for Hamburger Hafen Und Logistik A-SP (as of Sep 23, 2026): return on equity 2.9%, debt of 1.11 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is HHFA from its 52-week high?
Hamburger Hafen Und Logistik A-SP trades at €21.50, about 8% below its 52-week high of €23.30 and 3% above the low of €20.80 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €5.66 is for.
Which stocks are comparable to Hamburger Hafen Und Logistik A-SP?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hamburger Hafen Und Logistik A-SP stock attractive at the current price?
The data as of Sep 23, 2026: price €21.50, calculated fair value €5.66 (−74%), Quality Score 44/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HHFA calculated?
We run Hamburger Hafen Und Logistik A-SP through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €5.66, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Hamburger Hafen Und Logistik A-SP itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hamburger Hafen Und Logistik A-SP (HHFA)?
The closing price on Sep 24, 2026 was €21.50. Our model-based fair value is €5.66, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hamburger Hafen Und Logistik A-SP right 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. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Hamburger Hafen Und Logistik A-SP
How large is the market capitalisation of Hamburger Hafen Und Logistik A-SP (HHFA)?
The market capitalisation of Hamburger Hafen Und Logistik A-SP is €1.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Hamburger Hafen Und Logistik A-SP (HHFA)?
The price-to-earnings ratio of Hamburger Hafen Und Logistik A-SP is 542.5 (as of Jul 17, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Hamburger Hafen Und Logistik A-SP (HHFA)?
The price-to-sales ratio of Hamburger Hafen Und Logistik A-SP is 3.02 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hamburger Hafen Und Logistik A-SP (HHFA)?
Earnings per share at Hamburger Hafen Und Logistik A-SP are €0.0400 (price ÷ EPS = P/E 542.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hamburger Hafen Und Logistik A-SP (HHFA)?
The dividend yield of Hamburger Hafen Und Logistik A-SP is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hamburger Hafen Und Logistik A-SP (HHFA)?
The net margin of Hamburger Hafen Und Logistik A-SP is 0.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hamburger Hafen Und Logistik A-SP (HHFA)?
The return on equity (ROE) of Hamburger Hafen Und Logistik A-SP is 2.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hamburger Hafen Und Logistik A-SP (HHFA)?
On an EBIT basis the return on assets of Hamburger Hafen Und Logistik A-SP is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hamburger Hafen Und Logistik A-SP (HHFA)?
The operating margin of Hamburger Hafen Und Logistik A-SP is 6.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hamburger Hafen Und Logistik A-SP (HHFA)?
Revenue at Hamburger Hafen Und Logistik A-SP is growing +3.6% versus a year earlier (3y avg +3.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hamburger Hafen Und Logistik A-SP (HHFA)?
Earnings per share at Hamburger Hafen Und Logistik A-SP are growing −90.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hamburger Hafen Und Logistik A-SP (HHFA) generate?
The free cash flow of Hamburger Hafen Und Logistik A-SP is −€73.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hamburger Hafen Und Logistik A-SP (HHFA) carry?
The net debt of Hamburger Hafen Und Logistik A-SP is €1.5B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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