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OHB SE
(XETRA:OHB)
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Rating:50Neutral
Price Target:
€192.00
▼(-0.10% Downside)
Action:Reiterated
Date:08/18/26
The score is primarily constrained by weak cash conversion (negative TTM operating and free cash flow) and a very high P/E valuation. Offsetting factors include strong recent revenue growth and a more manageable balance sheet, while technical indicators are mixed and do not provide a strong directional signal.
Positive Factors
Strong revenue growth
Strong TTM growth indicates continued demand for OHB’s satellite, space-system and mission-service work. Sustained program wins and execution can support revenue expansion over the next several quarters.
Negative Factors
Negative operating and free cash flow
Persistent cash consumption can increase reliance on working-capital funding and expose OHB to execution risk. In complex contracts, delayed milestones, cost overruns or billing timing can pressure liquidity even when earnings remain positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Strong TTM growth indicates continued demand for OHB’s satellite, space-system and mission-service work. Sustained program wins and execution can support revenue expansion over the next several quarters.
Read all positive factors
OHB SE (OHB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€4.01B
Dividend Yield0.61%
Average Volume (3M)14.06K
Price to Earnings (P/E)85.8
Beta (1Y)1.30
Revenue Growth18.38%
EPS Growth642.89%
CountryDE
Employees4,094
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.27
Shares Outstanding20,922,900
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 Target
€292.17Price Target Upside52.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)3.12
Revenue Forecast (FY)€1.41B
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
Income Statement
64
Positive
Balance Sheet
70
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.28B | 1.22B | 1.00B | 1.05B | 944.52M | 905.00M |
| Gross Profit | 151.41M | 142.65M | 174.79M | 417.51M | 368.67M | 370.34M |
| EBITDA | 101.31M | 107.70M | 58.78M | 161.35M | 99.92M | 84.84M |
| Net Income | 42.95M | 49.53M | -196.00K | 71.29M | 32.24M | 27.50M |
Balance Sheet | ||||||
| Total Assets | 2.11B | 1.61B | 1.40B | 1.34B | 1.08B | 960.85M |
| Cash, Cash Equivalents and Short-Term Investments | 526.95M | 220.62M | 124.89M | 149.86M | 128.87M | 98.64M |
| Total Debt | 378.43M | 319.85M | 195.41M | 329.20M | 254.94M | 209.90M |
| Total Liabilities | 1.20B | 1.17B | 972.06M | 902.06M | 787.26M | 708.23M |
| Stockholders Equity | 914.92M | 430.71M | 396.95M | 409.01M | 268.76M | 234.54M |
Cash Flow | ||||||
| Free Cash Flow | -89.67M | 4.79M | 144.51M | -85.57M | -11.36M | -39.94M |
| Operating Cash Flow | -59.96M | 28.72M | 159.77M | -61.80M | 9.12M | -17.35M |
| Investing Cash Flow | -29.35M | -23.57M | -11.67M | -19.50M | -23.25M | 1.87M |
| Financing Cash Flow | 562.78M | 97.02M | -169.84M | 116.69M | 23.10M | 18.81M |
OHB SE Technical Analysis
Negative
192.20
Price Trends
266.71
Negative
316.99
Negative
249.89
Negative
Market Momentum
-14.39
Positive
29.59
Positive
2.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:OHB, the sentiment is Negative. The current price of 192.2 is below the 20-day moving average (MA) of 236.84, below the 50-day MA of 266.71, and below the 200-day MA of 249.89, indicating a bearish trend. The MACD of -14.39 indicates Positive momentum. The RSI at 29.59 is Positive, neither overbought nor oversold. The STOCH value of 2.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | €19.22B | 20.89 | 20.01% | 1.05% | 12.33% | 10.49% | |
71 Outperform | €10.06B | 83.96 | 12.70% | 0.69% | 14.69% | 31.87% | |
64 Neutral | €52.17B | 72.86 | 14.33% | 1.11% | -2.29% | -17.37% | |
62 Neutral | €4.67B | 48.57 | 20.97% | 1.28% | 10.63% | 28.99% | |
57 Neutral | €8.53B | 31.31 | 3.04% | 1.22% | -2.22% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | €4.01B | 85.81 | 7.83% | 0.49% | 18.38% | 642.89% |
* General Sector Average
DE:OHB
OHB SE
194.80
129.18
196.87%
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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.