OHB SE (DE:OHB)
XETRA:OHB
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OHB SE
(XETRA:OHB)
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Rating:59Neutral
Price Target:
€574.00
▲(341.54% Upside)
Action:Reiterated
Date:05/20/26
The score is anchored by acceptable fundamentals with improving leverage but notably weak and inconsistent cash flow (including negative TTM free cash flow). Technicals are strong and trend-positive, but momentum is overbought, and valuation is a meaningful constraint due to the very high P/E despite a high dividend yield.
Positive Factors
Consistent revenue growth and scale
Sustained top-line growth over multiple years demonstrates expanding program wins and scale in satellite and aerospace programs. That scale supports engineering capacity, long-term supplier relationships and provides a stronger base to absorb program start-up costs, aiding durable competitiveness.
Negative Factors
Weak and volatile cash generation
Low and swinging cash conversion limits the firm's ability to self-fund investments, service dividends or absorb contract overruns. Reliance on milestone timing and working-capital swings increases refinancing and liquidity risk, making capital planning and M&A capacity less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth and scale
Sustained top-line growth over multiple years demonstrates expanding program wins and scale in satellite and aerospace programs. That scale supports engineering capacity, long-term supplier relationships and provides a stronger base to absorb program start-up costs, aiding durable competitiveness.
Read all positive factors
OHB SE (OHB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€11.30B
Dividend Yield0.51%
Average Volume (3M)14.06K
Price to Earnings (P/E)129.7
Beta (1Y)1.03
Revenue Growth22.46%
EPS Growth1421500.00%
CountryDE
Employees3,466
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.87
Shares Outstanding19,214,905
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)3.64
Revenue Forecast (FY)€1.46B
OHB SE Business Overview & Revenue Model
Company Description
OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through three segments, Space Systems, Aerospace, and Digital segments. It produces and distributes products and projects, as w...
How the Company Makes Money
OHB primarily makes money by executing long-term, project-based contracts in the space sector, with revenue recognized as it delivers engineering milestones, hardware, and integrated systems. Its key revenue streams include: (1) Space Systems: end...
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 | 103.50M | 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
Positive
130.00
Price Trends
317.54
Positive
264.57
Positive
180.74
Positive
Market Momentum
79.06
Negative
78.63
Negative
79.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:OHB, the sentiment is Positive. The current price of 130 is below the 20-day moving average (MA) of 382.52, below the 50-day MA of 317.54, and below the 200-day MA of 180.74, indicating a bullish trend. The MACD of 79.06 indicates Negative momentum. The RSI at 78.63 is Negative, neither overbought nor oversold. The STOCH value of 79.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | €15.95B | 9.32 | 26.38% | 0.62% | 18.24% | 60.48% | |
62 Neutral | €4.90B | 82.50 | 25.11% | 0.80% | 17.16% | 102.59% | |
61 Neutral | €10.28B | -114.89 | 10.96% | 0.68% | 10.84% | 7.53% | |
59 Neutral | €11.30B | 129.70 | 12.09% | 0.51% | 22.46% | 1421500.00% | |
59 Neutral | €57.12B | 150.11 | 14.85% | 0.53% | -8.66% | -8.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €6.79B | 1,153.24 | 0.10% | 1.23% | -6.47% | ― |
* General Sector Average
DE:OHB
OHB SE
590.00
518.56
725.89%
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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.