HHLA (Hamburger Hafen und Logistik) runs container terminals at the Port of Hamburg, including the Container Terminal Altenwerder and Tollerort, plus rail and intermodal logistics and a real estate portfolio of logistics properties. Its moat is physical: Hamburg is one of Northern Europe's few deep-water gateways, and the company's terminal capacity and hinterland rail connections are costly to replicate. The near-term story is operational, with a reported 2.5% revenue growth rate and a thin 4.5% operating margin leaving little room for error on volumes or pricing. At a forward P/E of 18.3 and a ROE of just 0.4%, the market is paying for recovery in throughput and margin rather than for current earnings power, so the question for a deeper look is whether container volumes and rail utilization can lift returns from here.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €22.00 | first publication | €21.40 |
| 22 Oct 2026, 13:04 CEST | Rating | Undervalued | first publication | €21.40 |
| 22 Oct 2026, 13:04 CEST | Fair value | €25.33 | first publication | €21.40 |
Answered from Hamburger Hafen und Logistik Aktiengesellschaft fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| HHFA.DE Hamburger Hafen und Logistik Aktiengesellschaft | €21.50 | €25 | 15% below | - | 0.4% | 29 | 38 |
| SFL SFL Corporation Ltd | $12.34 | $9 | 39% above | 26.4x | 6.3% | 65 | 65 |
| CMRE Costamare Inc. Common Stock $0.0001 par value | $14.15 | $38 | 63% below | 5.3x | 16.0% | 86 | 55 |
| CKN.L Clarkson PLC | £49.66 | £54 | 7% below | 19.8x | 15.3% | 76 | 80 |
| GSL Global Ship Lease Inc New Class A Common Shares | $41.40 | - | - | 4.1x | 21.3% | 91 | 72 |
| SMSAAM.SN Sociedad Matriz SAAM SA | CLP 127.20 | - | - | 17.0x | 7.3% | 59 | 47 |
| VAPORES.SN Vapores | CLP 49.17 | - | - | - | -0.7% | 14 | 36 |
Where HHFA.DE ranks against its sector peers on each metric.