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HELLA GmbH & Co (HLE) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €7.9B

HG HELLA GmbH & Co HLE · XETRA
Price€71.30
Fair Value€34.54
Upside-51.6%
Quality52/100
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Mixed Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
0.30% dividend yield
Trails peers (4/15)
Narrow moat 33/100
Evidence: High Range €22.99 – €38.33 Share as image

Fair value as of: Jul 12, 2026

From 25 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from €55.62 to €34.54 (−37.9%) since Jun 24, 2026.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€38.33). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€91.30 €49.42 Fair Value €34.54 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €49.42 – €91.30 · fair‑value band €22.99 – €38.33 · the €71.30 price screens above the €34.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

HELLA GmbH & Co (HLE) currently trades at €71.30, while our model-based Fair Value estimate is €34.54, implying the stock looks roughly 51.6% overvalued today. We read business quality at 52/100 (solid quality), in the Consumer Cyclical 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, HELLA GmbH & Co generated revenue of €7.8B at a net margin of 1.2%. Revenue declined 2.9% year over year. It earns a return on equity of 3.1%. The balance sheet holds a net cash position of €1.1B. Fundamentals as of Jul 12, 2026

Our scenario range runs from €22.99 (bear case) to €38.33 (bull case); at €71.30, 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 20% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -52%, HLE 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
Growth DCF €59.18 €79.28 €105.73 80
Residual Income €19.80 €19.30 €15.94 76
Rev-Margin DCF €47.07 €66.10 €86.87 74
All 25 models by family
DCF Models
FCF DCF €57.96 €79.89 €110.13 38
Owner Earnings €37.43 €50.54 €68.61 31
5Y Revenue Exit €47.07 €65.42 €87.83 39
5Y EBITDA Exit €76.20 €117.58 €164.16 41
5Y P/E Exit €32.21 €38.81 €45.10 38
10Y Revenue Exit €49.81 €66.81 €87.61 36
10Y EBITDA Exit €68.65 €101.40 €142.32 37
10Y P/E Exit €41.69 €49.16 €56.99 35
Earnings-Based
Graham-Dodd €5.10 €12.51 €16.19 54
PEG = 1.0 €2.25 €3.21 €4.17 46
EPV €29.18 €32.70 €35.73 59
Dividend Discount
Gordon GGM €8.78 €15.52 €23.79 70
DDM Multi-Stage €8.78 €12.99 €17.39 61
Multiples
P/E Multiple €11.25 €15.00 €18.75 63
P/S Multiple €9.56 €12.75 €15.93 58
P/B Multiple €9.56 €12.75 €15.93 55
EV/EBIT €60.04 €77.74 €95.44 53
EV/EBITDA €98.42 €128.92 €159.41 54
EV/Revenue €42.73 €58.07 €73.41 43
Asset-Based
NCAV (Graham) €13.87 €18.58 €27.73 50
Growth DCF
Growth DCF €59.18 €79.28 €105.73 80
Rev-Margin DCF €47.07 €66.10 €86.87 74
Economic Profit
Residual Income €19.80 €19.30 €15.94 76
ROIC Compounder €29.42 €34.29 €39.85 72
Growth Earnings
Growth-Adj P/E €8.65 €12.36 €16.07 68

Widest divergence: Growth DCF (€66.10) versus Growth Earnings (€12.36). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €7.8B
Revenue growth (YoY) -2.9%
Net margin 1.2%
Return on equity 3.1%
Free cash flow €554M FY2026
P/E ratio 83.8
More key figures
Operating margin 4.5%
EPS (TTM) €0.8500
Dividend yield 0.3%
EPS growth (YoY) +52.6%
Net cash €1.1B FY2026

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 57 · Market factors (momentum, volatility) 45

Profitability 36
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
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

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting technology and electronic components for automotive industry. It operates through three segments: Lighting, Electronics, and Lifecycle Solutions.

Full company description

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting technology and electronic components for automotive industry. It operates through three segments: Lighting, Electronics, and Lifecycle Solutions. The Lighting segment offers headlamps, com-bination rear lamps, and body and interior lighting, as well as car body lighting including radomes, illuminated logos, and front phygital shields. The Electronics segment provides automated driving products, sensors and actuators, energy management products; and body electronics, including lighting electronics and access systems. The Lifecycle Solutions segment offers vehicle diagnostics, emissions testing, battery testing, light adjustment, and calibration service, as well as data-based services; and sells vehicle wear parts, spare parts, and accessories to dealers and independent workshops. This segment develops, manufactures, and distributes lighting and electronic products for special vehicles comprising construction vehicles and agricultural, buses, trucks, and trailers, motor homes, as well as marine sectors. The company was formerly known as HELLA KGaA Hueck & Co. and changed its name to HELLA GmbH & Co. KGaA in October 2017. HELLA GmbH & Co. KGaA was founded in 1899 and is headquartered in Lippstadt, Germany. HELLA GmbH & Co. KGaA operates as a subsidiary of Forvia Germany Gmbh.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HELLA GmbH & Co reported revenue of €7.9B in FY2026 versus €6.3B in FY2022, a compound +5.6%/yr. Reported net income was €83.3M in FY2026, compounding −17.7%/yr from FY2022.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
€7.9B
Latest YoY
−2.1%
Avg. growth/yr (3Y)
+1.3%
Avg. growth/yr (5Y)
+4.2%
Avg. growth/yr (20Y)
+4.2%
Revenue +5.6%/yr
FY22 €6.3B
FY23 €7.6B
FY24 €8.0B
FY25 €8.0B
FY26 €7.9B
Net income −17.7%/yr
FY22 €181M
FY23 €601M
FY24 €264M
FY25 €353M
FY26 €83.3M

HLE screens 52% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "HELLA GmbH & Co Fair Value". https://www.fairvalue-calculator.com/stock/HLE

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Auto Parts · 641 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 52 · Above median
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 4% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -3% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 83.8× · Pricier than 75% of peers
P/B 2.96× · Pricier than median
P/S (TTM) 1.17× · Pricier than median
P/FCF 16.5× · Pricier than 75% of peers
EV/EBITDA 9.3× · Cheaper than median
PEG 0.82× · 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 17
FUTURE 0 · sector 24
PAST 13 · sector 27
HEALTH 90 · sector 95
DIVIDEND 6 · sector 30

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

Insider activity: 40/100

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

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Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹660.10 ₹207.06 -69%

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Frequently asked questions

Is HELLA GmbH & Co (HLE) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €34.54 versus a price of €71.30, about −52% (overvalued).
What is the fair value of HLE?
Our model-based fair value for HELLA GmbH & Co is €34.54 (as of Jul 12, 2026), built from audited fundamentals. The current price is €71.30.
What is the quality score of HLE?
HELLA GmbH & Co has a Quality Score of 52/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of HELLA GmbH & Co (HLE)?
HELLA GmbH & Co reported trailing-twelve-month revenue of about €7.8B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of HLE?
The net profit margin of HELLA GmbH & Co is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does HELLA GmbH & Co pay a dividend?
HELLA GmbH & Co currently shows a dividend yield of about 0.30% relative to its recent price (as of Jul 12, 2026).

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.

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