HENSOLDT AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.28 EUR | +1.54% |
|
+1.86% | +56.89% |
| Apr. 19 | Defense stocks mixed - Rheinmetall weak after downgrade | DP |
| Apr. 18 | Defense stocks weak - JPM: Use correction at Rheinmetall | DP |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,465 | 1,315 | 2,320 | 2,818 | 4,421 | - | - |
| Enterprise Value (EV) 1 | 1,938 | 1,729 | 2,656 | 2,888 | 5,125 | 5,043 | 4,870 |
| P/E ratio | -18.6 x | 20.9 x | 29.5 x | 47.8 x | 32.3 x | 23.3 x | 18.3 x |
| Yield | - | 2% | 1.36% | 1.64% | 1.44% | 1.83% | 2.13% |
| Capitalization / Revenue | 1.21 x | 0.89 x | 1.36 x | 1.53 x | 1.93 x | 1.68 x | 1.54 x |
| EV / Revenue | 1.61 x | 1.17 x | 1.56 x | 1.56 x | 2.23 x | 1.92 x | 1.69 x |
| EV / EBITDA | 8.84 x | 6.63 x | 9.09 x | 8.78 x | 13.7 x | 11.1 x | 9.41 x |
| EV / FCF | 19.5 x | 8.77 x | 17.8 x | 19 x | 50.9 x | 27.7 x | 19 x |
| FCF Yield | 5.13% | 11.4% | 5.61% | 5.26% | 1.96% | 3.61% | 5.27% |
| Price to Book | - | 3.29 x | 3.84 x | 3.2 x | 4.91 x | 4.36 x | 3.72 x |
| Nbr of stocks (in thousands) | 105,000 | 105,000 | 105,000 | 115,500 | 115,500 | - | - |
| Reference price 2 | 13.95 | 12.52 | 22.10 | 24.40 | 38.28 | 38.28 | 38.28 |
| Announcement Date | 3/22/21 | 2/23/22 | 2/23/23 | 2/23/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,207 | 1,474 | 1,707 | 1,847 | 2,293 | 2,628 | 2,879 |
| EBITDA 1 | 219.3 | 261 | 292 | 329 | 374.8 | 453.8 | 517.4 |
| EBIT 1 | 167.2 | 198.6 | 224 | 246 | 301.1 | 361.4 | 404 |
| Operating Margin | 13.85% | 13.47% | 13.12% | 13.32% | 13.13% | 13.76% | 14.04% |
| Earnings before Tax (EBT) 1 | -75.2 | 84.9 | 130 | 91 | 181.5 | 253.3 | 337.5 |
| Net income 1 | -65.2 | 62.7 | 78 | 54 | 133.9 | 185.2 | 234.1 |
| Net margin | -5.4% | 4.25% | 4.57% | 2.92% | 5.84% | 7.05% | 8.13% |
| EPS 2 | -0.7500 | 0.6000 | 0.7500 | 0.5100 | 1.185 | 1.645 | 2.088 |
| Free Cash Flow 1 | 99.5 | 197.2 | 149 | 152 | 100.7 | 182.3 | 256.5 |
| FCF margin | 8.24% | 13.38% | 8.73% | 8.23% | 4.39% | 6.94% | 8.91% |
| FCF Conversion (EBITDA) | 45.37% | 75.56% | 51.03% | 46.2% | 26.86% | 40.17% | 49.56% |
| FCF Conversion (Net income) | - | 314.51% | 191.03% | 281.48% | 75.19% | 98.42% | 109.57% |
| Dividend per Share 2 | - | 0.2500 | 0.3000 | 0.4000 | 0.5494 | 0.6996 | 0.8143 |
| Announcement Date | 3/22/21 | 2/23/22 | 2/23/23 | 2/23/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 363.6 | 624 | 286 | 396 | 682 | 418 | 607 | 338 | 388 | 410 | 711 | 334.5 | 534.7 | 541.7 | 893.8 |
| EBITDA 1 | 66.3 | 150.6 | 17 | 44 | 61 | 65 | - | 30 | 52 | 69 | 178 | 36.64 | 71.6 | 91.52 | 194.9 |
| EBIT 1 | 35.1 | 131.6 | 1 | 26 | 27 | 49 | 149 | 13 | 32 | 49 | 152 | 12.62 | 47.58 | 67.5 | 170.8 |
| Operating Margin | 9.65% | 21.09% | 0.35% | 6.57% | 3.96% | 11.72% | 24.55% | 3.85% | 8.25% | 11.95% | 21.38% | 3.77% | 8.9% | 12.46% | 19.11% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 13.7 | 76.1 | - | - | - | 16 | 78 | -20 | 3 | 13 | 58 | 0.9488 | 28.96 | 44.92 | 106.7 |
| Net margin | 3.77% | 12.2% | - | - | - | 3.83% | 12.85% | -5.92% | 0.77% | 3.17% | 8.16% | 0.28% | 5.42% | 8.29% | 11.94% |
| EPS 2 | 0.1300 | 0.7300 | - | - | - | 0.1500 | 0.9000 | -0.1900 | 0.0300 | 0.1200 | 1.160 | -0.0509 | 0.2507 | 0.3889 | 0.9240 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/23/22 | 5/5/22 | 8/4/22 | 8/4/22 | 11/10/22 | 2/23/23 | 5/9/23 | 7/28/23 | 11/9/23 | 2/23/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 473 | 415 | 335 | 70 | 703 | 622 | 449 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.157 x | 1.589 x | 1.147 x | 0.2128 x | 1.877 x | 1.37 x | 0.8679 x |
| Free Cash Flow 1 | 99.5 | 197 | 149 | 152 | 101 | 182 | 256 |
| ROE (net income / shareholders' equity) | -27.4% | 31.8% | 15.4% | 16.9% | 21.3% | 22.4% | 23% |
| ROA (Net income/ Total Assets) | -2.41% | 2.13% | 2.63% | 3.64% | 3.77% | 4.14% | 4.75% |
| Assets 1 | 2,702 | 2,949 | 2,967 | 1,484 | 3,552 | 4,479 | 4,930 |
| Book Value Per Share 2 | - | 3.800 | 5.750 | 7.620 | 7.800 | 8.780 | 10.30 |
| Cash Flow per Share 2 | - | 2.850 | 2.320 | 2.520 | 1.980 | 2.670 | 3.650 |
| Capex 1 | 97.4 | 102 | 95 | 115 | 148 | 142 | 146 |
| Capex / Sales | 8.07% | 6.92% | 5.57% | 6.23% | 6.44% | 5.39% | 5.08% |
| Announcement Date | 3/22/21 | 2/23/22 | 2/23/23 | 2/23/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
38.28
EUR
Average target price
36.49
EUR
Spread / Average Target
-4.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +56.89% | 4.72B | |
| -4.73% | 4.01B | |
| -4.61% | 2.23B | |
| +17.32% | 1.39B | |
| +2.12% | 883M | |
| +176.03% | 808M | |
| -50.40% | 557M | |
| -28.34% | 514M | |
| -4.91% | 433M | |
| +62.84% | 401M |
- Stock Market
- Equities
- HAG Stock
- Financials Hensoldt AG
