Macro-Structural Decompression, Consumer Elasticity Breaches, and Material-Science Monopoly in Henkel AG & Co. KGaA Pref. (XETR: HEN3) — A Secular Allocation Framework (2026–2050)
Executive Summary This memorandum establishes a comprehensive, non-linear valuation trajectory for Henkel AG & Co. KGaA. Counter to contemporary consensus