HAG Stock Analysis: Hensoldt | XETRA
Aerospace & Defense | XETRA, Germany | Market Cap: 8.907m EUR | 12M Return: -3.4% | DE000HAG0005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 20.0M
EPS Trend: 26.8%
Qual. Beats: 0
Rev. Trend: 98.7%
Warnings
Tailwinds
Seasonality 6.1 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Hensoldt AG is a German defense electronics company that designs and manufactures sensor solutions for military and security applications worldwide, operating through two segments: Sensors and Optronics. Its product portfolio spans radar and identification friend-or-foe (IFF) systems, electronic warfare and signals intelligence equipment, defensive cyber solutions, secure data communications, and a broad range of optronic devices including thermal imaging cameras, night vision devices, laser rangefinders, submarine periscopes, and mast systems for naval platforms.
The company also delivers air traffic control and weather radar systems for military and civil airports, space-based sensor components, and software solutions for both military and civilian use. Hensoldt was incorporated in 2020 and is headquartered in Taufkirchen, Germany, and is listed on the XETRA exchange under the ticker HAG.
As a supplier in the Aerospace & Defense sub-industry, Hensoldt operates within the European defense electronics sector, which has seen rising demand driven by increased NATO defense spending commitments and the modernization of military platforms such as the Eurofighter, Boxer armored vehicles, and various naval frigates. Sensor-based subsystems like those Hensoldt produces typically represent a meaningful share of total platform value in modern defense procurement programs.
- European defense spending surge drives radar order book growth
- NATO capability targets expand air defense and electronic warfare demand
- Margin pressure persists from supply chain and inflation costs
| Net Income: 120.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.05 > 1.0 |
| NWC/Revenue: 9.79% < 20% (prev 6.21%; Δ 3.58% < -1%) |
| CFO/TA 0.10 > 3% & CFO 569.0m > Net Income 120.0m |
| Net Debt (1.60b) to EBITDA (435.0m): 3.68 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (115.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 20.88% > 18% (prev 21.53%; Δ -0.65% > 0.5%) |
| Asset Turnover: 51.73% > 50% (prev 50.25%; Δ 1.49% > 0%) |
| Interest Coverage Ratio: 2.48 > 6 (EBIT TTM 250.0m / Interest Expense TTM 101.0m) |
| A: 0.05 (Total Current Assets 2.85b - Total Current Liabilities 2.59b) / Total Assets 5.70b |
| B: 0.04 (Retained Earnings 239.0m / Total Assets 5.70b) |
| C: 0.05 (EBIT TTM 250.0m / Avg Total Assets 5.17b) |
| D: 0.20 (Book Value of Equity 968.0m / Total Liabilities 4.72b) |
| Altman-Z'' = 0.98 = BB |
| DSRI: 1.17 (Receivables 1.06b/792.0m, Revenue 2.68b/2.34b) |
| GMI: 1.03 (GM 21.53% / 20.88%) |
| AQI: 0.92 (AQ_t 0.37 / AQ_t-1 0.40) |
| SGI: 1.15 (Revenue 2.68b / 2.34b) |
| TATA: -0.08 (NI 120.0m - CFO 569.0m) / TA 5.70b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of November 13, 2026, the stock is trading at EUR 79.46 with a total of 280,600 shares traded. Over the past week, the price has changed by -3.78%, over one month by -1.46%, over three months by -13.74% and over the past year by -3.44%.
Current recommended Stop Loss: 72.10 (which is 9.3% or 1.9 ATR below the current price).
Hensoldt has no consensus analysts rating.
P/E Trailing = 72.7547
P/E Forward = 64.5161
P/S = 3.3261
P/B = 9.8819
P/EG = 1.0612
Revenue TTM = 2.68b EUR
EBIT TTM = 250.0m EUR
EBITDA TTM = 435.0m EUR
Long Term Debt = 1.17b EUR (from longTermDebt, last quarter)
Short Term Debt = 64.0m EUR (from shortTermDebt, last quarter)
Debt = 2.19b EUR (from shortLongTermDebtTotal, last quarter) + Leases 501.0m
Net Debt = 1.60b EUR (calculated: Debt 2.19b - CCE 589.0m)
Enterprise Value = 10.5b EUR (8.91b + Debt 2.19b - CCE 589.0m)
Interest Coverage Ratio = 2.48 (Ebit TTM 250.0m / Interest Expense TTM 101.0m)
EV/FCF = 33.90x (Enterprise Value 10.5b / FCF TTM 310.0m)
FCF Yield = 2.95% (FCF TTM 310.0m / Enterprise Value 10.5b)
FCF Margin = 11.58% (FCF TTM 310.0m / Revenue TTM 2.68b)
Net Margin = 4.48% (Net Income TTM 120.0m / Revenue TTM 2.68b)
Gross Margin = 20.88% ((Revenue TTM 2.68b - Cost of Revenue TTM 2.12b) / Revenue TTM)
Gross Margin QoQ = 17.88% (prev 13.91%)
Tobins Q-Ratio = 1.84 (Enterprise Value 10.5b / Total Assets 5.70b)
Interest Expense / Debt = 4.61% (Interest Expense 101.0m / Debt 2.19b)
Taxrate = 36.76% (68.0m / 185.0m)
NOPAT = 158.1m (EBIT 250.0m * (1 - 36.76%))
Current Ratio = 1.10 (Total Current Assets 2.85b / Total Current Liabilities 2.59b)
Debt / Equity = 2.26 (Debt 2.19b / totalStockholderEquity, last quarter 968.0m)
Debt / EBITDA = 3.68 (Net Debt 1.60b / EBITDA 435.0m)
Debt / FCF = 5.17 (Net Debt 1.60b / FCF TTM 310.0m)
Total Stockholder Equity = 945.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.32% (Net Income 120.0m / Total Assets 5.70b)
RoE = 12.70% (Net Income TTM 120.0m / Total Stockholder Equity 945.2m)
RoCE = 11.82% (EBIT 250.0m / Capital Employed (Equity 945.2m + L.T.Debt 1.17b))
RoIC = 5.21% (NOPAT 158.1m / Invested Capital 3.04b)
WACC = 4.86% (E(8.91b)/V(11.1b) * Re(5.34%) + D(2.19b)/V(11.1b) * Rd(4.61%) * (1-Tc(0.37)))
Discount Rate = 5.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 5.80 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈230.4m ; Y1≈264.1m ; Y5≈388.7m
[DCF] Fair Price = 36.77 (EV 5.85b - Net Debt 1.60b = Equity 4.25b / Shares 115.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 26.83 | EPS CAGR: 9.38% | SUE: 0.80 | # QB: 0
Revenue Correlation: 98.67 | Revenue CAGR: 16.66% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.90 | Chg30d=+0.12% | Revisions=+40% | GrowthEPS=+29.3% | GrowthRev=+14.6%
EPS next Year (2027-12-31): EPS=2.47 | Chg30d=-0.48% | Revisions=+25% | GrowthEPS=+30.5% | GrowthRev=+16.8%
[Analyst] Revisions Ratio: +50% (up=3, down=0)