TKMS Stock Analysis: TKMS KGaA | XETRA
Aerospace & Defense | XETRA, Germany | Market Cap: 5.336m EUR | 12M Return: 8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.7M
Rev. Trend: 96.7%
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TKMS AG & Co KGaA is a German maritime technology company headquartered in Kiel and listed on XETRA, operating internationally with a presence in Norway, Brazil, Israel, and other markets. As a subsidiary of thyssenkrupp AG, the company focuses on defense-related naval engineering rather than commercial shipping, serving a customer base that includes NATO navies and strategic partner nations.
The business is organized into three segments: Submarines, Surface Vessels, and Atlas Electronics. These segments cover the design, procurement, and manufacture of non-nuclear submarines, corvettes, frigates, support ships, and a range of unmanned and research vessels, alongside sonar systems, torpedo and anti-torpedo solutions, and mine countermeasure technologies.
In addition to hardware, TKMS provides lifecycle services such as simulators, remote maintenance, integrated logistics support, and AI-enabled data analytics. Aerospace & Defense peers typically combine long-cycle government contracts with multi-decade in-service support, a model that provides recurring revenue exposure tied to defense budgets across allied nations.
- German navy submarine orders accelerate under NATO spending surge
- Atlas electronics sonar backlog grows on mine countermeasure contracts
- Surface vessel margins pressured by fixed-price corvette execution
| Net Income: 89.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -6.24 > 1.0 |
| NWC/Revenue: -17.43% < 20% (prev 21.98%; Δ -39.42% < -1%) |
| CFO/TA 0.03 > 3% & CFO 166.5m > Net Income 89.5m |
| Net Debt (-1.33b) to EBITDA (245.5m): -5.42 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (62.9m) vs 12m ago -1.05% < -2% |
| Gross Margin: 15.67% > 18% (prev 14.20%; Δ 1.47% > 0.5%) |
| Asset Turnover: 39.55% > 50% (prev 31.60%; Δ 7.95% > 0%) |
| Interest Coverage Ratio: 6.16 > 6 (EBIT TTM 158.1m / Interest Expense TTM 25.7m) |
| A: -0.08 (Total Current Assets 3.08b - Total Current Liabilities 3.50b) / Total Assets 5.14b |
| B: -0.04 (Retained Earnings -227.0m / Total Assets 5.14b) |
| C: 0.03 (EBIT TTM 158.1m / Avg Total Assets 6.02b) |
| D: 0.24 (Book Value of Equity 1.01b / Total Liabilities 4.14b) |
| Altman-Z'' = -0.24 = B |
| DSRI: 0.62 (Receivables 545.6m/809.4m, Revenue 2.38b/2.18b) |
| GMI: 0.91 (GM 14.20% / 15.67%) |
| AQI: 1.19 (AQ_t 0.30 / AQ_t-1 0.25) |
| SGI: 1.09 (Revenue 2.38b / 2.18b) |
| TATA: -0.01 (NI 89.5m - CFO 166.5m) / TA 5.14b) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 84.80 with a total of 278,063 shares traded. Over the past week, the price has changed by +2.79%, over one month by +14.91%, over three months by -1.40% and over the past year by +8.03%.
Current recommended Stop Loss: 72.90 (which is 14% or 2.3 ATR below the current price).
TKMS KGaA has no consensus analysts rating.
P/E Trailing = 55.2632
P/E Forward = 29.8507
P/S = 2.341
P/B = 4.8384
Revenue TTM = 2.38b EUR
EBIT TTM = 158.1m EUR
EBITDA TTM = 245.5m EUR
Long Term Debt = 25.0m EUR (estimated: total debt 32.0m - short term 7.00m)
Short Term Debt = 7.00m EUR (from shortTermDebt, last quarter)
Debt = 32.0m EUR (from shortLongTermDebtTotal, last quarter) (leases 32.0m already included)
Net Debt = -1.33b EUR (calculated: Debt 32.0m - CCE 1.36b)
Enterprise Value = 4.01b EUR (5.34b + Debt 32.0m - CCE 1.36b)
Interest Coverage Ratio = 6.16 (Ebit TTM 158.1m / Interest Expense TTM 25.7m)
EV/FCF = -263.3x (Enterprise Value 4.01b / FCF TTM -15.2m)
FCF Yield = -0.38% (FCF TTM -15.2m / Enterprise Value 4.01b)
FCF Margin = -0.64% (FCF TTM -15.2m / Revenue TTM 2.38b)
Net Margin = 3.76% (Net Income TTM 89.5m / Revenue TTM 2.38b)
Gross Margin = 15.67% ((Revenue TTM 2.38b - Cost of Revenue TTM 2.01b) / Revenue TTM)
Gross Margin QoQ = 18.11% (prev 17.43%)
Tobins Q-Ratio = 0.78 (Enterprise Value 4.01b / Total Assets 5.14b)
Interest Expense / Debt = 80.17% (Interest Expense 25.7m / Debt 32.0m)
Taxrate = 40.85% (64.2m / 157.1m)
NOPAT = 93.5m (EBIT 158.1m * (1 - 40.85%))
Current Ratio = 0.88 (Total Current Assets 3.08b / Total Current Liabilities 3.50b)
Debt / Equity = 0.03 (Debt 32.0m / totalStockholderEquity, last quarter 1.01b)
Debt / EBITDA = -5.42 (Net Debt -1.33b / EBITDA 245.5m)
Debt / FCF = 87.41 (negative FCF - burning cash) (Net Debt -1.33b / FCF TTM -15.2m)
Total Stockholder Equity = 1.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.49% (Net Income 89.5m / Total Assets 5.14b)
RoE = 6.62% (Net Income TTM 89.5m / Total Stockholder Equity 1.35b)
RoCE = 11.49% (EBIT 158.1m / Capital Employed (Equity 1.35b + L.T.Debt 25.0m))
RoIC = 6.09% (NOPAT 93.5m / Invested Capital 1.53b)
WACC = 7.81% (E(5.34b)/V(5.37b) * Re(7.86%) + (debt cost/tax rate unavailable))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -65.08 | Cagr: -0.70%
[DCF] Fair Price = unknown (Cash Flow -15.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 96.74 | Revenue CAGR: 11.23% | SUE: N/A | # QB: 0
EPS current Year (2026-09-30): EPS=2.11 | Chg30d=-2.71% | Revisions=-17% | GrowthEPS=+14.1% | GrowthRev=+5.2%
EPS next Year (2027-09-30): EPS=2.44 | Chg30d=-3.38% | Revisions=+17% | GrowthEPS=+24.0% | GrowthRev=+14.4%
[Analyst] Revisions Ratio: +0% (up=3, down=3)