Want to see DE:OHB full AI Analyst Report?
Top Page
OHB SE
(XETRA:OHB)
Select Model
Select Model
Rating:48Neutral
Price Target:
€294.00
▲(126.15% Upside)
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
Consistent revenue growth
Sustained top-line expansion over multiple years reflects durable market demand for satellites and mission services. Rising revenue provides scale to absorb fixed R&D and manufacturing costs, supports investment in technology, and strengthens competitiveness when bidding multi-year institutional contracts.
Negative Factors
Weak cash generation
Consistently weak and volatile cash conversion limits the firm's ability to self-fund capital needs and creates reliance on external financing or milestone-driven receipts. In a capital‑intensive industry, negative FCF reduces runway for R&D, increases sensitivity to contract timing, and raises refinancing risk during execution delays.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line expansion over multiple years reflects durable market demand for satellites and mission services. Rising revenue provides scale to absorb fixed R&D and manufacturing costs, supports investment in technology, and strengthens competitiveness when bidding multi-year institutional contracts.
Read all positive factors
OHB SE (OHB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.62B
Dividend Yield0.51%
Average Volume (3M)14.06K
Price to Earnings (P/E)93.9
Beta (1Y)1.21
Revenue Growth22.46%
EPS Growth1398400.00%
CountryDE
Employees3,466
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.58
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
Negative
130.00
Price Trends
378.76
Negative
318.22
Negative
229.81
Positive
Market Momentum
-32.17
Positive
37.08
Neutral
23.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:OHB, the sentiment is Negative. The current price of 130 is below the 20-day moving average (MA) of 323.62, below the 50-day MA of 378.76, and below the 200-day MA of 229.81, indicating a neutral trend. The MACD of -32.17 indicates Positive momentum. The RSI at 37.08 is Neutral, neither overbought nor oversold. The STOCH value of 23.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | €19.51B | 17.83 | 24.91% | 0.62% | 18.24% | 60.48% | |
64 Neutral | €4.35B | 38.12 | 25.11% | 0.80% | 17.16% | 102.59% | |
61 Neutral | €46.28B | 62.51 | 14.85% | 0.53% | -8.66% | -8.96% | |
61 Neutral | €8.58B | 85.43 | 10.96% | 0.68% | 10.84% | 7.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €7.18B | 993.97 | 0.10% | 1.23% | -6.47% | ― | |
48 Neutral | €5.62B | 93.90 | 12.99% | 0.51% | 22.46% | 1398400.00% |
* General Sector Average
DE:OHB
OHB SE
269.50
196.42
268.75%
DE:MTX
MTU Aero Engines
362.10
-17.25
-4.55%
DE:RHM
Rheinmetall
992.00
-869.39
-46.71%
DE:TKA
thyssenkrupp
11.53
3.34
40.73%
DE:HAG
HENSOLDT AG
74.32
-30.03
-28.78%
DE:R3NK
RENK Group AG
43.46
-30.78
-41.46%
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.