OHB Stock Analysis: OHB SE | XETRA
Aerospace & Defense | XETRA, Germany | Market Cap: 4.392m EUR | 12M Return: 82% | DE0005936124 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.11M
EPS Trend: -12.7%
Rev. Trend: 84.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 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.
OHB SE is a Germany-based aerospace and technology company with businesses in Space Systems, Aerospace, and Digital. It develops and manufactures satellites and scientific payloads for navigation, Earth observation, weather, science, and reconnaissance missions.
The company also develops aviation and space products, supplies mechatronic systems for antennas and telescopes, arranges rocket launches, and provides IT services. Its business combines complex hardware development with the execution and support of space projects.
- ESA and EU satellite awards drive backlog and revenue visibility
- Fixed-price project overruns threaten margins as complex programs ramp
- European space budgets and procurement competition shape contract wins
| Net Income: 43.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -11.63 > 1.0 |
| NWC/Revenue: 56.43% < 20% (prev 15.19%; Δ 41.24% < -1%) |
| CFO/TA -0.03 > 3% & CFO -60.0m > Net Income 43.0m |
| Net Debt (-109.7m) to EBITDA (101.3m): -1.08 < 3 |
| Current Ratio: 1.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.3m) vs 12m ago 0.55% < -2% |
| Gross Margin: 11.84% > 18% (prev 19.14%; Δ -7.29% > 0.5%) |
| Asset Turnover: 69.44% > 50% (prev 68.83%; Δ 0.61% > 0%) |
| Interest Coverage Ratio: 2.83 > 6 (EBIT TTM 57.7m / Interest Expense TTM 20.4m) |
| A: 0.34 (Total Current Assets 1.58b - Total Current Liabilities 858.9m) / Total Assets 2.11b |
| B: 0.15 (Retained Earnings 324.4m / Total Assets 2.11b) |
| C: 0.03 (EBIT TTM 57.7m / Avg Total Assets 1.84b) |
| D: 0.76 (Book Value of Equity 914.9m / Total Liabilities 1.20b) |
| Altman-Z'' = 3.75 = AA |
| DSRI: 0.89 (Receivables 953.6m/907.9m, Revenue 1.28b/1.08b) |
| GMI: 1.62 (GM 19.14% / 11.84%) |
| AQI: 0.77 (AQ_t 0.18 / AQ_t-1 0.23) |
| SGI: 1.18 (Revenue 1.28b / 1.08b) |
| TATA: 0.05 (NI 43.0m - CFO -60.0m) / TA 2.11b) |
| Beneish M = -2.56 (Cap -4..+1) = A |
As of November 13, 2026, the stock is trading at EUR 192.60 with a total of 46,698 shares traded. Over the past week, the price has changed by -1.83%, over one month by +21.13%, over three months by -25.64% and over the past year by +81.96%.
Current recommended Stop Loss: 173.80 (which is 9.8% or 1.2 ATR below the current price).
OHB SE has no consensus analysts rating.
P/E Trailing = 92.7632
P/E Forward = 40.0
P/S = 3.4348
P/B = 4.721
P/EG = 1.0818
Revenue TTM = 1.28b EUR
EBIT TTM = 57.7m EUR
EBITDA TTM = 101.3m EUR
Long Term Debt = 58.6m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 289.3m EUR (from shortTermDebt, last quarter)
Debt = 417.3m EUR (from shortLongTermDebtTotal, last quarter) + Leases 38.9m
Net Debt = -109.7m EUR (calculated: Debt 417.3m - CCE 526.9m)
Enterprise Value = 4.28b EUR (4.39b + Debt 417.3m - CCE 526.9m)
Interest Coverage Ratio = 2.83 (Ebit TTM 57.7m / Interest Expense TTM 20.4m)
EV/FCF = -47.76x (Enterprise Value 4.28b / FCF TTM -89.7m)
FCF Yield = -2.09% (FCF TTM -89.7m / Enterprise Value 4.28b)
FCF Margin = -7.01% (FCF TTM -89.7m / Revenue TTM 1.28b)
Net Margin = 3.36% (Net Income TTM 43.0m / Revenue TTM 1.28b)
Gross Margin = 11.84% ((Revenue TTM 1.28b - Cost of Revenue TTM 1.13b) / Revenue TTM)
Gross Margin QoQ = 8.61% (prev 12.30%)
Tobins Q-Ratio = 2.03 (Enterprise Value 4.28b / Total Assets 2.11b)
Interest Expense / Debt = 4.88% (Interest Expense 20.4m / Debt 417.3m)
Taxrate = 25.09% (14.4m / 57.4m)
NOPAT = 43.2m (EBIT 57.7m * (1 - 25.09%))
Current Ratio = 1.84 (Total Current Assets 1.58b / Total Current Liabilities 858.9m)
Debt / Equity = 0.46 (Debt 417.3m / totalStockholderEquity, last quarter 914.9m)
Debt / EBITDA = -1.08 (Net Debt -109.7m / EBITDA 101.3m)
Debt / FCF = 1.22 (negative FCF - burning cash) (Net Debt -109.7m / FCF TTM -89.7m)
Total Stockholder Equity = 548.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.33% (Net Income 43.0m / Total Assets 2.11b)
RoE = 7.83% (Net Income TTM 43.0m / Total Stockholder Equity 548.9m)
RoCE = 9.49% (EBIT 57.7m / Capital Employed (Equity 548.9m + L.T.Debt 58.6m))
RoIC = 2.92% (NOPAT 43.2m / Invested Capital 1.48b)
WACC = 6.58% (E(4.39b)/V(4.81b) * Re(6.86%) + D(417.3m)/V(4.81b) * Rd(4.88%) * (1-Tc(0.25)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -22.46 | Cagr: 0.25%
[DCF] Fair Price = unknown (Cash Flow -89.7m)
EPS Correlation: -12.69 | EPS CAGR: -20.75% | SUE: N/A | # QB: 0
Revenue Correlation: 84.09 | Revenue CAGR: 8.56% | SUE: -0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.05 | Chg30d=+20.69% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=3.14 | Chg30d=+2.03% | Revisions=+25% | GrowthEPS=+3.9% | GrowthRev=+16.6%
EPS next Year (2027-12-31): EPS=5.13 | Chg30d=+0.42% | Revisions=+25% | GrowthEPS=+63.3% | GrowthRev=+26.2%
[Analyst] Revisions Ratio: +50% (up=3, down=0)