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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:
€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)

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
Neutral
Last Price241.00
Price Trends
50DMA
315.20
Negative
100DMA
319.98
Negative
200DMA
239.99
Positive
Market Momentum
MACD
-21.20
Negative
RSI
44.92
Neutral
STOCH
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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
€19.49B20.6620.01%1.05%12.33%10.49%
71
Outperform
€9.21B76.7410.96%0.69%14.69%31.87%
64
Neutral
€4.78B41.9725.11%1.28%17.16%102.59%
61
Neutral
€53.19B71.8314.85%1.11%-8.66%-8.96%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
51
Neutral
€7.50B1,039.220.10%1.22%-6.47%
48
Neutral
€4.75B79.2712.99%0.49%22.46%1398400.00%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
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.Date of analysis: Jun 27, 2026