OHB SE (OHB) AI Stock Analysis

OHB SE

(XETRA:OHB)

Select Model

Rating:50Neutral

Price Target:EUR 260.00▲(16.07% Upside)

Action:reiterated

Date:10/29/26

OHB SE presents a highly cautious investment profile, primarily dragged down by an excessive valuation premium (P/E over 103) and persistent negative cash flow generation. While the company maintains a robust, low-leverage balance sheet alongside steady revenue growth, severely contracted profit margins highlight ongoing operational struggles. Additionally, deeply overbought technical indicators suggest unfavorable conditions for immediate entry.

Positive Factors

Revenue GrowthStrong top-line expansion indicates continued demand for OHB’s space systems and engineering work. If sustained, higher revenue can improve utilization, support investment in capabilities, and create a broader base over which the company can spread program and development costs.

Negative Factors

Weak Cash ConversionNegative operating and free cash flow means reported earnings are not currently converting into funding for the business. Persistent cash burn could increase reliance on external financing, limit investment flexibility, and heighten execution risk when long-cycle projects require working capital.

OHB SE (OHB) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 4.67B
Dividend Yield: 0.53%
Average Volume (3M): 37.11K
Price to Earnings (P/E): 98.7
Beta (1Y): 1.46
Revenue Growth: 18.38%
EPS Growth: 642.89%
Country: Germany
Employees: 4,094
Sector: General
Sector Strength: 55
Industry: Aerospace & Defense

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 fir...

How the Company Makes Money

OHB primarily makes money through contract-based revenue from designing, building, integrating, and supporting space systems. Key revenue streams typically include: (1) Satellite and space system development and manufacturing: revenue recognized over...

OHB SE Financial Statement Overview

Summary

The company benefits from a well-capitalized balance sheet with declining leverage and reliable top-line revenue growth. However, this is largely offset by significant operational headwinds, notably sharply deteriorating gross margins and persistent, highly erratic negative free cash flows.

Income Statement

58Neutral

Balance Sheet

78Positive

Cash Flow

35Negative

Financial statement breakdown
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

Technical Analysis SentimentPositive

Last Price224.00

Price Trends

50DMA186.33Positive

100DMA230.88Negative

200DMA266.89Negative

Market Momentum

MACD15.06Negative

RSI59.20Neutral

STOCH74.49Neutral

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 224.00 is above the 20-day moving average (MA) of 193.34, above the 50-day MA of 186.33, and below the 200-day MA of 266.89, indicating a neutral trend. The MACD of 15.06 indicates Negative momentum. The RSI at 59.20 is Neutral, neither overbought nor oversold. The STOCH value of 74.49 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:OHB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:MTX	79Outperform	EUR 17.74B	18.81	20.01%	1.09%	12.33%	10.49%
DE:HAG	71Outperform	EUR 9.89B	82.38	12.70%	0.64%	14.69%	31.87%
DE:RHM	62Neutral	EUR 48.41B	66.39	14.33%	1.11%	-2.29%	-17.37%
DE:R3NK	61Neutral	EUR 3.69B	37.67	20.97%	1.57%	10.63%	28.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:OHB	50Neutral	EUR 4.65B	98.68	7.83%	0.53%	18.38%	642.89%
DE:TKA	50Neutral	EUR 7.48B	26.03	3.04%	1.13%	-2.22%	―

* General Sector Average

Performance Comparison

DE:OHB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:OHB	OHB SE	224.00	116.93	109.20%
DE:MTX	MTU Aero Engines	329.30	-39.67	-10.75%
DE:RHM	Rheinmetall AG	1037.60	-718.35	-40.91%
DE:TKA	thyssenkrupp AG	12.02	3.76	45.46%
DE:HAG	HENSOLDT AG	85.62	-7.85	-8.40%
DE:R3NK	RENK Group AG	36.91	-28.57	-43.63%

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.

Date of analysis: Oct 28, 2026

OHB SE AI Stock Analysis