HENSOLDT AG (HAG.DE) Fundamental Analysis & Valuation

FRA:HAG • DE000HAG0005

Current stock price

78.8 EUR
+2.08 (+2.71%)
Last:

This HAG.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. HAG.DE Profitability Analysis

1.1 Basic Checks

  • HAG had positive earnings in the past year.
  • In the past year HAG had a positive cash flow from operations.
  • Each year in the past 5 years HAG has been profitable.
  • HAG had a positive operating cash flow in each of the past 5 years.
HAG.DE Yearly Net Income VS EBIT VS OCF VS FCFHAG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M

1.2 Ratios

  • The Return On Assets of HAG (1.31%) is worse than 64.41% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.16%, HAG is doing worse than 64.41% of the companies in the same industry.
  • The Return On Invested Capital of HAG (6.44%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for HAG is below the industry average of 9.98%.
  • The last Return On Invested Capital (6.44%) for HAG is above the 3 year average (5.58%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.31%
ROE 7.16%
ROIC 6.44%
ROA(3y)1.82%
ROA(5y)2.04%
ROE(3y)9.31%
ROE(5y)11.26%
ROIC(3y)5.58%
ROIC(5y)5.93%
HAG.DE Yearly ROA, ROE, ROICHAG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • HAG has a worse Profit Margin (2.06%) than 67.80% of its industry peers.
  • In the last couple of years the Profit Margin of HAG has declined.
  • HAG has a Operating Margin (7.35%) which is in line with its industry peers.
  • HAG's Operating Margin has improved in the last couple of years.
  • HAG has a worse Gross Margin (20.48%) than 64.41% of its industry peers.
  • HAG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.35%
PM (TTM) 2.06%
GM 20.48%
OM growth 3Y-0.48%
OM growth 5Y9.14%
PM growth 3Y-7.43%
PM growth 5YN/A
GM growth 3Y-2.43%
GM growth 5Y-0.96%
HAG.DE Yearly Profit, Operating, Gross MarginsHAG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

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2

2. HAG.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HAG is destroying value.
  • HAG has about the same amout of shares outstanding than it did 1 year ago.
  • HAG has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HAG has a worse debt to assets ratio.
HAG.DE Yearly Shares OutstandingHAG.DE Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
HAG.DE Yearly Total Debt VS Total AssetsHAG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 2.18 indicates that HAG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • HAG's Altman-Z score of 2.18 is on the low side compared to the rest of the industry. HAG is outperformed by 62.71% of its industry peers.
  • The Debt to FCF ratio of HAG is 6.64, which is on the high side as it means it would take HAG, 6.64 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.64, HAG is in line with its industry, outperforming 40.68% of the companies in the same industry.
  • A Debt/Equity ratio of 1.59 is on the high side and indicates that HAG has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.59, HAG is not doing good in the industry: 74.58% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.59
Debt/FCF 6.64
Altman-Z 2.18
ROIC/WACC0.83
WACC7.78%
HAG.DE Yearly LT Debt VS Equity VS FCFHAG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • HAG has a Current Ratio of 1.23. This is a normal value and indicates that HAG is financially healthy and should not expect problems in meeting its short term obligations.
  • HAG has a Current ratio of 1.23. This is comparable to the rest of the industry: HAG outperforms 59.32% of its industry peers.
  • HAG has a Quick Ratio of 1.23. This is a bad value and indicates that HAG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HAG has a Quick ratio (0.85) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 0.85
HAG.DE Yearly Current Assets VS Current LiabilitesHAG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. HAG.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 67.82% over the past year.
  • Measured over the past years, HAG shows a very strong growth in Earnings Per Share. The EPS has been growing by 75.20% on average per year.
  • HAG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.14%.
  • The Revenue has been growing by 14.99% on average over the past years. This is quite good.
EPS 1Y (TTM)67.82%
EPS 3Y23.77%
EPS 5Y75.2%
EPS Q2Q%-10.67%
Revenue 1Y (TTM)11.14%
Revenue growth 3Y14.96%
Revenue growth 5Y14.99%
Sales Q2Q%6.49%

3.2 Future

  • The Earnings Per Share is expected to grow by 23.32% on average over the next years. This is a very strong growth
  • HAG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.73% yearly.
EPS Next Y11.87%
EPS Next 2Y16.21%
EPS Next 3Y20.51%
EPS Next 5Y23.32%
Revenue Next Year9.21%
Revenue Next 2Y9.8%
Revenue Next 3Y12.11%
Revenue Next 5Y15.73%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
HAG.DE Yearly Revenue VS EstimatesHAG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2B 4B 6B
HAG.DE Yearly EPS VS EstimatesHAG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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3

4. HAG.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 53.97, HAG can be considered very expensive at the moment.
  • HAG's Price/Earnings is on the same level as the industry average.
  • HAG is valuated expensively when we compare the Price/Earnings ratio to 27.18, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 39.97, which means the current valuation is very expensive for HAG.
  • HAG's Price/Forward Earnings ratio is in line with the industry average.
  • HAG's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 37.96.
Industry RankSector Rank
PE 53.97
Fwd PE 39.97
HAG.DE Price Earnings VS Forward Price EarningsHAG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAG.
  • Based on the Price/Free Cash Flow ratio, HAG is valued a bit cheaper than the industry average as 61.02% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 37
EV/EBITDA 21.95
HAG.DE Per share dataHAG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HAG does not grow enough to justify the current Price/Earnings ratio.
  • HAG's earnings are expected to grow with 20.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.55
PEG (5Y)0.72
EPS Next 2Y16.21%
EPS Next 3Y20.51%

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1

5. HAG.DE Dividend Analysis

5.1 Amount

  • HAG has a yearly dividend return of 0.67%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.69, HAG has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.67, HAG pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.67%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years5
HAG.DE Yearly Dividends per shareHAG.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 81.69% of the earnings are spent on dividend by HAG. This is not a sustainable payout ratio.
DP81.69%
EPS Next 2Y16.21%
EPS Next 3Y20.51%
HAG.DE Yearly Income VS Free CF VS DividendHAG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M
HAG.DE Dividend Payout.HAG.DE Dividend Payout, showing the Payout Ratio.HAG.DE Dividend Payout.PayoutRetained Earnings

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HAG.DE Fundamentals: All Metrics, Ratios and Statistics

HENSOLDT AG

FRA:HAG (4/13/2026, 7:00:00 PM)

78.8

+2.08 (+2.71%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-27
Earnings (Next)05-06
Inst Owners35.66%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.10B
Revenue(TTM)3.44B
Net Income(TTM)71.00M
Analysts75.79
Price Target91.4 (15.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.67%
Yearly Dividend0.5
Dividend Growth(5Y)N/A
DP81.69%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-53.19%
Min EPS beat(2)-87.78%
Max EPS beat(2)-18.61%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.87%
Min Revenue beat(2)-3.85%
Max Revenue beat(2)0.11%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.22%
PT rev (3m)-0.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.47%
EPS NY rev (3m)-1.6%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-2.94%
Valuation
Industry RankSector Rank
PE 53.97
Fwd PE 39.97
P/S 2.64
P/FCF 37
P/OCF 20.14
P/B 9.18
P/tB N/A
EV/EBITDA 21.95
EPS(TTM)1.46
EY1.85%
EPS(NY)1.97
Fwd EY2.5%
FCF(TTM)2.13
FCFY2.7%
OCF(TTM)3.91
OCFY4.97%
SpS29.8
BVpS8.58
TBVpS-7.18
PEG (NY)4.55
PEG (5Y)0.72
Graham Number16.79
Profitability
Industry RankSector Rank
ROA 1.31%
ROE 7.16%
ROCE 8.18%
ROIC 6.44%
ROICexc 9.3%
ROICexgc 62.05%
OM 7.35%
PM (TTM) 2.06%
GM 20.48%
FCFM 7.15%
ROA(3y)1.82%
ROA(5y)2.04%
ROE(3y)9.31%
ROE(5y)11.26%
ROIC(3y)5.58%
ROIC(5y)5.93%
ROICexc(3y)8.24%
ROICexc(5y)8.57%
ROICexgc(3y)51.26%
ROICexgc(5y)56.43%
ROCE(3y)7.09%
ROCE(5y)7.53%
ROICexgc growth 3Y5.12%
ROICexgc growth 5YN/A
ROICexc growth 3Y-4.75%
ROICexc growth 5Y6.84%
OM growth 3Y-0.48%
OM growth 5Y9.14%
PM growth 3Y-7.43%
PM growth 5YN/A
GM growth 3Y-2.43%
GM growth 5Y-0.96%
F-Score3
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 1.59
Debt/FCF 6.64
Debt/EBITDA 3.64
Cap/Depr 113.81%
Cap/Sales 5.98%
Interest Coverage 3.67
Cash Conversion 104.15%
Profit Quality 346.48%
Current Ratio 1.23
Quick Ratio 0.85
Altman-Z 2.18
F-Score3
WACC7.78%
ROIC/WACC0.83
Cap/Depr(3y)115.52%
Cap/Depr(5y)103.95%
Cap/Sales(3y)7.83%
Cap/Sales(5y)7.2%
Profit Quality(3y)220.84%
Profit Quality(5y)233.61%
High Growth Momentum
Growth
EPS 1Y (TTM)67.82%
EPS 3Y23.77%
EPS 5Y75.2%
EPS Q2Q%-10.67%
EPS Next Y11.87%
EPS Next 2Y16.21%
EPS Next 3Y20.51%
EPS Next 5Y23.32%
Revenue 1Y (TTM)11.14%
Revenue growth 3Y14.96%
Revenue growth 5Y14.99%
Sales Q2Q%6.49%
Revenue Next Year9.21%
Revenue Next 2Y9.8%
Revenue Next 3Y12.11%
Revenue Next 5Y15.73%
EBIT growth 1Y19.34%
EBIT growth 3Y12.34%
EBIT growth 5Y25.8%
EBIT Next Year79.49%
EBIT Next 3Y37.99%
EBIT Next 5Y32.77%
FCF growth 1Y117.7%
FCF growth 3Y18.19%
FCF growth 5Y20.41%
OCF growth 1Y44.87%
OCF growth 3Y22.81%
OCF growth 5Y18.36%

HENSOLDT AG / HAG.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for HENSOLDT AG?

ChartMill assigns a fundamental rating of 4 / 10 to HAG.DE.


What is the valuation status for HAG stock?

ChartMill assigns a valuation rating of 3 / 10 to HENSOLDT AG (HAG.DE). This can be considered as Overvalued.


How profitable is HENSOLDT AG (HAG.DE) stock?

HENSOLDT AG (HAG.DE) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for HAG stock?

The Price/Earnings (PE) ratio for HENSOLDT AG (HAG.DE) is 53.97 and the Price/Book (PB) ratio is 9.18.


Can you provide the expected EPS growth for HAG stock?

The Earnings per Share (EPS) of HENSOLDT AG (HAG.DE) is expected to grow by 11.87% in the next year.