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olivLaw · European equity research

H+h International A HH.CO

Denmark · Nasdaq Copenhagen · ISIN DK0015202451 · Vertical: Listed companies from Denmark

94.10DKK−0.32% · 1 dayClose 05 Nov 2026

At the close of 05 Nov 2026, H+h International A (HH.CO) stock was 94.10 DKK (−0.32% on the day), with beta 0.78, 52-week range 77.90–111.80 DKK.

Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -40.30 · TTM to 31 Dec 2025
E/P (TTM)
unavailable
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.78
Volatility (1y) 41%
52-week range
77.90111.80

Price history

Loading chart…

Technical reading

RSI (14)
42.5
weak (30–45)
Bollinger (20, 2)
93.64 – 95.97
in the lower half of the band · %B 0.20 · band width 2.5%
SMA 50 / 200
96.99 / 95.86
mixed trend
MACD (12, 26, 9)
-0.53 / -0.65
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month+0.1%+0.4%−0.3 pp—
3 months−6.8%−3.3%−3.6 pp—
6 months−10.7%+4.0%−14.7 pp—
Year to date+1.1%+8.1%−7.0 pp—
1 year+8.0%+10.7%−2.7 pp−7.7%
3 years+16.7%+50.1%−33.3 pp−0.6%
5 years−64.9%+43.6%−108.5 pp—
Max drawdown (1y)
−22.3%
07 Jan 2026 → 27 Mar 2026
Max drawdown (5y)
−75.2%
08 Nov 2021 → 15 Mar 2024
Compound annual growth (5y)
−18.9%
EURO STOXX 50 +7.5%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2025
Revenue2.7 bn
Revenue YoYunavailable
Net income-662.0 m
Net income YoYunavailable
Diluted EPS-40.30
Diluted EPS YoYunavailable
net %-24.1%
Free cash flowunavailable

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
166.0 m EUR
Financial debt
unavailable EUR
Net debt
unavailable EUR
Equity
1.0 bn EUR
Total assets
2.7 bn EUR
Debt / equity
unavailable
Current ratio
1.55x
ROE
unavailable
ROA
-25.0%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (EUR)

Income statement · EUR

Revenue
2025
2.7 bn

esef· 27 May 2026verified

Cost of revenue
2025
2.1 bn

esef· 27 May 2026verified

Gross profit
2025
615.0 m ≈

esef· 27 May 2026derived

Operating income
2025
-557.0 m

esef· 27 May 2026verified

Interest expense
2025
92.0 m

esef· 27 May 2026verified

Pre-tax income
2025
-604.0 m

esef· 27 May 2026verified

Income tax
2025
61.0 m

esef· 27 May 2026verified

Net income
2025
-662.0 m

esef· 27 May 2026verified

Diluted EPS
2025
-40.30

esef· 27 May 2026verified

Balance sheet · EUR

Cash
2025
166.0 m

esef· 27 May 2026verified

Receivables
2025
177.0 m

esef· 27 May 2026verified

Inventories
2025
485.0 m

esef· 27 May 2026verified

Current assets
2025
828.0 m

esef· 27 May 2026verified

Property, plant & equipment, net
2025
1.4 bn

esef· 27 May 2026verified

Goodwill
2025
173.0 m

esef· 27 May 2026verified

Total assets
2025
2.7 bn

esef· 27 May 2026verified

Current liabilities
2025
535.0 m

esef· 27 May 2026verified

Total liabilities
2025
1.7 bn

esef· 27 May 2026verified

Equity
2025
1.0 bn

esef· 27 May 2026verified

Shares outstanding at year end
2025
16.4 m

esef· 02 Sept 2026derived

Computed indicators

Growth

Revenue growth (YoY)
unavailable
input data missing
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
unavailable
input data missing
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
input data missing
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
22.4%
computed by olivLawFY 2025
EBITDA margin
unavailable
input data missing
EBIT margin
-20.3%
computed by olivLawFY 2025
Net margin
-24.1%
computed by olivLawFY 2025
FCF margin
unavailable
input data missing

Returns

ROE
-72.1%
computed by olivLawFY 2025 · balance sheet at 30 Jun 2026
ROA
-23.7%
computed by olivLawFY 2025 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-25.8%
computed by olivLawFY 2025 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
-6.1x
computed by olivLawFY 2025

Liquidity

Current ratio
1.9x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
1.0x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.5x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
unavailable
input data missing
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
34 days
computed by olivLawFY 2025 · balance sheet at 30 Jun 2026
Days inventory outstanding
73 days
computed by olivLawFY 2025 · balance sheet at 30 Jun 2026
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 16.7% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

94.10 DKK

05 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
-72.1%
computed by olivLawFY 2025 · balance sheet at 30 Jun 2026
Net margin
-24.1%
computed by olivLawFY 2025
Revenue growth (YoY)
unavailable
input data missing
Dividend yield
unavailable
input data missing

Coverage and freshness

20/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 02 Sept 2026
verified 71derived 1

Score by group

17% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-24.1%11 (vs peers)38%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-6.1x0 (on a fixed band)38%
Current ratio · Balance sheet1.9x88 (on a fixed band)25%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet35/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality· partial11/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

H+H INTERNATIONAL A/S (HH.CO). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 2.7 bn EUR in 2025; net margin -24.1%; ROE -72.1%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 1.9x

What contradicts it

  • Net margin: -24.1%
  • Interest coverage: -6.1x

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Listed companies from Denmark · same country · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 13.9x
EV/EBITDA
—
vertical median 11.0x
P/S
—
vertical median 1.5x
P/B
—
vertical median 1.5x
ROE
-72.1%
vertical median 6.6%
below median (−1,188.7%)
Net margin
-24.1%
vertical median 3.2%
below median (−862.6%)
EBIT margin
-20.3%
vertical median 6.8%
below median (−396.6%)
Revenue YoY
—
vertical median 2.2%
Net debt/EBITDA
—
vertical median 1.5x
Dividend yield
—
vertical median 1.4%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
DEMANT.CODemant A79.7 bn51.615.0%6.7%+2.5%+72% / +30%
PNDORA.COPandora A68.8 bn13.2133.4%16.1%unavailable+16% / −3%
NEWCAP.CONewcap Holding A65.3 bn13,125.029.1%41.6%−99.9%+121% / +62%
ISS.COIss A50.8 bn19.827.7%3.1%+1.1%+43% / +158%
BAVA.COBavarian Nordic A19.2 bn13.910.9%22.0%unavailable+33% / +47%
GN.COGn Store Nord A18.1 bn27.76.3%6.8%unavailable+20% / −23%
NETC.CONetcompany Group A16.8 bn66.27.2%3.3%unavailable+11% / +64%
BIOMAR.COBiomar Group A12.1 bn16.928.3%4.3%−0.5%unavailable / unavailable
JDAN.COJeudan A11.1 bn11.17.7%57.1%unavailable+2% / −7%
DFDS.CODfds A8.7 bn—-0.2%-0.1%+1.9%+73% / −25%
GUBRA.COGubra A4.8 bn2.9149.6%64.1%+892.2%−40% / +157%
MATAS.COMatas A3.1 bn12.96.6%2.8%+4.7%−31% / −21%
CBRAIN.COCbrain A2.4 bn54.713.8%17.2%−6.2%−21% / −52%
BO.COBang & Olufsen A1.7 bn—-10.0%-4.3%−3.3%−24% / +12%
COLUM.COColumbus A1.2 bn84.02.0%0.9%unavailable−5% / +30%
NNIT.CONnit A1.0 bn—-3.0%-1.3%−3.4%−16% / −54%
NORTHM.CONorth Media A873.1 m13.25.5%5.1%−0.4%+11% / −16%
FFARMS.COFirstfarms A789.8 m—-2.3%-5.4%−16.5%−9% / −1%
HUSCO.COHusCompagniet A507.2 m—-1.3%-0.9%+28.7%−41% / −46%
BIOPOR.COBioporto A456.2 m—-117.6%-203.8%+11.2%−8% / −53%
GABR.COGabriel Holding A429.4 m57.52.8%1.4%+6.7%−10% / −29%
GREENM.COGreenMobility A392.5 m11.974.3%21.5%+20.0%−19% / +91%
EGNETY.COEgnsinvest Ejendomme Tyskland A320.0 m13.04.0%40.9%−2.6%−21% / +11%
PFINV.COPapirfabrikken Invest A300.9 m13.55.4%29.7%+0.9%−3% / +36%
CEMAT.COCemat A213.9 m3.528.7%37.5%+318.0%−9% / +3%

1- and 3-year price returns: for HH.CO from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

The qualitative analysis has not been written for this company yet.

Products, market & competition

The qualitative analysis has not been written for this company yet.

News & filings

In the press

No news in our archive over the last 180 days.

Annual reports (ESEF)

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

H+h International A (HH.CO): stock, results, valuation and forecast · olivLaw