Want to see DE:OHB full AI Analyst Report?
Top Page
OHB SE
(XETRA:OHB)
Select Model
Select Model
Rating:48Neutral
Price Target:
€231.00
▼(-4.15% Downside)
Action:Reiterated
Date:06/27/26
The score is held back primarily by inconsistent cash-flow generation (including negative free cash flow in TTM) and weak technical momentum (negative MACD, sub-40 RSI, and price below key short/medium-term moving averages). Valuation further constrains upside due to a very high P/E and low dividend yield, partially offset by steady revenue growth and an improving leverage profile.
Positive Factors
Steady revenue growth
Consistent top-line growth over multiple years reflects success winning and executing multi-year satellite programs. A rising revenue base improves scale economics, supports capacity investment and long-term supplier relationships, and increases visibility into future program flows and backlog.
Negative Factors
Weak and volatile cash generation
Low and inconsistent cash conversion from profits undermines the company's ability to self-fund capex, sustain working capital during program swings, or absorb schedule overruns. Persistent volatility increases dependence on external financing and raises execution and liquidity risk across program cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line growth over multiple years reflects success winning and executing multi-year satellite programs. A rising revenue base improves scale economics, supports capacity investment and long-term supplier relationships, and increases visibility into future program flows and backlog.
Read all positive factors
OHB SE (OHB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€4.75B
Dividend Yield0.52%
Average Volume (3M)14.06K
Price to Earnings (P/E)79.3
Beta (1Y)1.22
Revenue Growth22.46%
EPS Growth1398400.00%
CountryDE
Employees3,974
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.87
Shares Outstanding20,922,900
10 Day Avg. Volume16,867
30 Day Avg. Volume14,060
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)5.19
Price to Sales (P/S)1.84
P/FCF Ratio467.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€319.00Price Target Upside32.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.52
Revenue Forecast (FY)€1.41B
OHB SE Business Overview & Revenue Model
Company Description
OHB SE is a multinational space and technology enterprise, active across Germany, the wider European continent, and international territories. Its operations are organized into three principal divisions: Space Systems, Aerospace, and Digital. The ...
How the Company Makes Money
OHB primarily makes money by executing multi‑year, contract-based space programs and delivering hardware, systems integration, and mission services to customers, with revenues typically recognized based on progress and delivery milestones defined ...
OHB SE Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26B | 1.22B | 1.00B | 1.05B | 944.52M | 905.00M |
| Gross Profit | 161.06M | 142.65M | 174.79M | 417.51M | 368.67M | 370.34M |
| EBITDA | 114.34M | 107.70M | 58.78M | 161.35M | 99.92M | 84.84M |
| Net Income | 54.45M | 49.53M | -196.00K | 71.29M | 32.24M | 27.50M |
Balance Sheet | ||||||
| Total Assets | 1.49B | 1.61B | 1.40B | 1.34B | 1.08B | 960.85M |
| Cash, Cash Equivalents and Short-Term Investments | 54.26M | 220.62M | 124.89M | 149.86M | 128.87M | 98.64M |
| Total Debt | 274.86M | 319.85M | 195.41M | 329.20M | 254.94M | 209.90M |
| Total Liabilities | 1.05B | 1.17B | 972.06M | 902.06M | 787.26M | 708.23M |
| Stockholders Equity | 440.48M | 430.71M | 396.95M | 409.01M | 268.76M | 234.54M |
Cash Flow | ||||||
| Free Cash Flow | -5.37M | 4.79M | 144.51M | -85.57M | -11.36M | -39.94M |
| Operating Cash Flow | 19.47M | 28.72M | 159.77M | -61.80M | 9.12M | -17.35M |
| Investing Cash Flow | -23.79M | -23.57M | -11.67M | -19.50M | -23.25M | 1.87M |
| Financing Cash Flow | 11.78M | 97.02M | -169.84M | 116.69M | 23.10M | 18.81M |
OHB SE Technical Analysis
Neutral
241.00
Price Trends
315.20
Negative
319.98
Negative
239.99
Positive
Market Momentum
-21.20
Negative
44.92
Neutral
41.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:OHB, the sentiment is Neutral. The current price of 241 is below the 20-day moving average (MA) of 247.63, below the 50-day MA of 315.20, and above the 200-day MA of 239.99, indicating a neutral trend. The MACD of -21.20 indicates Negative momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 41.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:OHB.
OHB SE Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €19.49B | 20.66 | 20.01% | 1.05% | 12.33% | 10.49% | |
71 Outperform | €9.21B | 76.74 | 10.96% | 0.69% | 14.69% | 31.87% | |
64 Neutral | €4.78B | 41.97 | 25.11% | 1.28% | 17.16% | 102.59% | |
61 Neutral | €53.19B | 71.83 | 14.85% | 1.11% | -8.66% | -8.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €7.50B | 1,039.22 | 0.10% | 1.22% | -6.47% | ― | |
48 Neutral | €4.75B | 79.27 | 12.99% | 0.49% | 22.46% | 1398400.00% |
* General Sector Average
DE:OHB
OHB SE
248.50
183.08
279.84%
DE:MTX
MTU Aero Engines
377.00
1.41
0.38%
DE:RHM
Rheinmetall
1,200.60
-565.25
-32.01%
DE:TKA
thyssenkrupp
12.60
5.59
79.72%
DE:HAG
HENSOLDT AG
87.48
-6.29
-6.70%
DE:R3NK
RENK Group AG
48.50
-19.26
-28.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.