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OHB SE (DE:OHB)
XETRA:OHB
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OHB SE (OHB) AI Stock Analysis

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DE:OHB

OHB SE

(XETRA:OHB)

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Neutral 48 (OpenAI - 5.2)
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)

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
Revenue has grown steadily and profitability has recovered in the latest period, with leverage moderating and equity rising. However, margins have been volatile and cash conversion is weak: operating cash flow is low versus profits and free cash flow is negative in TTM, reducing financial quality and visibility.
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
38
Negative
BreakdownTTMDec 2025Dec 2024Mar 2024Dec 2022Dec 2021
Income Statement
Total Revenue1.26B1.22B1.00B1.05B944.52M905.00M
Gross Profit161.06M142.65M174.79M417.51M368.67M370.34M
EBITDA114.34M107.70M58.78M161.35M99.92M84.84M
Net Income54.45M49.53M-196.00K71.29M32.24M27.50M
Balance Sheet
Total Assets1.49B1.61B1.40B1.34B1.08B960.85M
Cash, Cash Equivalents and Short-Term Investments54.26M220.62M124.89M149.86M128.87M98.64M
Total Debt274.86M319.85M195.41M329.20M254.94M209.90M
Total Liabilities1.05B1.17B972.06M902.06M787.26M708.23M
Stockholders Equity440.48M430.71M396.95M409.01M268.76M234.54M
Cash Flow
Free Cash Flow-5.37M4.79M144.51M-85.57M-11.36M-39.94M
Operating Cash Flow19.47M28.72M159.77M-61.80M9.12M-17.35M
Investing Cash Flow-23.79M-23.57M-11.67M-19.50M-23.25M1.87M
Financing Cash Flow11.78M97.02M-169.84M116.69M23.10M18.81M

OHB SE Technical Analysis

Technical Analysis Sentiment
Negative
Last Price130.00
Price Trends
50DMA
378.76
Negative
100DMA
318.22
Negative
200DMA
229.81
Positive
Market Momentum
MACD
-32.17
Positive
RSI
37.08
Neutral
STOCH
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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
€19.51B17.8324.91%0.62%18.24%60.48%
64
Neutral
€4.35B38.1225.11%0.80%17.16%102.59%
61
Neutral
€46.28B62.5114.85%0.53%-8.66%-8.96%
61
Neutral
€8.58B85.4310.96%0.68%10.84%7.53%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
51
Neutral
€7.18B993.970.10%1.23%-6.47%
48
Neutral
€5.62B93.9012.99%0.51%22.46%1398400.00%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
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.Date of analysis: Jun 27, 2026