HENSOLDT AG (HAG.DE) Stock Fundamental Analysis

FRA:HAG • DE000HAG0005

79.05 EUR
-0.3 (-0.38%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

HAG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 54 industry peers in the Aerospace & Defense industry. HAG has a medium profitability rating, but doesn't score so well on its financial health evaluation. HAG is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year HAG was profitable.
  • HAG had a positive operating cash flow in the past year.
  • Of the past 5 years HAG 4 years were profitable.
  • In the past 5 years HAG always reported a positive cash flow from operatings.
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 0 100M 200M 300M

1.2 Ratios

  • HAG has a worse Return On Assets (1.47%) than 62.96% of its industry peers.
  • With a Return On Equity value of 8.66%, HAG perfoms like the industry average, outperforming 42.59% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.50%, HAG is in line with its industry, outperforming 40.74% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for HAG is below the industry average of 9.36%.
Industry RankSector Rank
ROA 1.47%
ROE 8.66%
ROIC 5.5%
ROA(3y)2.14%
ROA(5y)1.27%
ROE(3y)10.63%
ROE(5y)5.56%
ROIC(3y)5.78%
ROIC(5y)5.27%
HAG.DE Yearly ROA, ROE, ROICHAG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

  • HAG has a Profit Margin of 2.20%. This is in the lower half of the industry: HAG underperforms 62.96% of its industry peers.
  • In the last couple of years the Profit Margin of HAG has grown nicely.
  • HAG's Operating Margin of 6.44% is on the low side compared to the rest of the industry. HAG is outperformed by 62.96% of its industry peers.
  • In the last couple of years the Operating Margin of HAG has grown nicely.
  • Looking at the Gross Margin, with a value of 20.53%, HAG is doing worse than 62.96% of the companies in the same industry.
  • HAG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.44%
PM (TTM) 2.2%
GM 20.53%
OM growth 3Y-1.57%
OM growth 5Y7.78%
PM growth 3Y4.27%
PM growth 5Y55.45%
GM growth 3Y0.46%
GM growth 5Y-0.17%
HAG.DE Yearly Profit, Operating, Gross MarginsHAG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

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.
  • The number of shares outstanding for HAG has been increased compared to 5 years ago.
  • The debt/assets ratio for HAG is higher compared to a year ago.
HAG.DE Yearly Shares OutstandingHAG.DE Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 2.33 indicates that HAG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • HAG has a Altman-Z score of 2.33. This is in the lower half of the industry: HAG underperforms 61.11% of its industry peers.
  • HAG has a debt to FCF ratio of 8.13. This is a slightly negative value and a sign of low solvency as HAG would need 8.13 years to pay back of all of its debts.
  • HAG's Debt to FCF ratio of 8.13 is in line compared to the rest of the industry. HAG outperforms 42.59% of its industry peers.
  • HAG has a Debt/Equity ratio of 1.84. This is a high value indicating a heavy dependency on external financing.
  • HAG has a worse Debt to Equity ratio (1.84) than 75.93% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.84
Debt/FCF 8.13
Altman-Z 2.33
ROIC/WACC0.65
WACC8.48%
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 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.22 indicates that HAG should not have too much problems paying its short term obligations.
  • HAG has a Current ratio (1.22) which is in line with its industry peers.
  • HAG has a Quick Ratio of 1.22. 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 of 0.76. This is comparable to the rest of the industry: HAG outperforms 42.59% of its industry peers.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 0.76
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 500M 1B 1.5B 2B

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

8

3. Growth

3.1 Past

  • HAG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 67.82%, which is quite impressive.
  • The Earnings Per Share has been growing by 75.20% on average over the past years. This is a very strong growth
  • Looking at the last year, HAG shows a quite strong growth in Revenue. The Revenue has grown by 17.51% in the last year.
  • HAG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.99% yearly.
EPS 1Y (TTM)67.82%
EPS 3Y23.77%
EPS 5Y75.2%
EPS Q2Q%-41.18%
Revenue 1Y (TTM)17.51%
Revenue growth 3Y14.96%
Revenue growth 5Y14.99%
Sales Q2Q%12.12%

3.2 Future

  • Based on estimates for the next years, HAG will show a very strong growth in Earnings Per Share. The EPS will grow by 23.25% on average per year.
  • The Revenue is expected to grow by 16.08% on average over the next years. This is quite good.
EPS Next Y13.97%
EPS Next 2Y17.66%
EPS Next 3Y20.81%
EPS Next 5Y23.25%
Revenue Next Year10.91%
Revenue Next 2Y11.45%
Revenue Next 3Y13.41%
Revenue Next 5Y16.08%

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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 54.14, the valuation of HAG can be described as expensive.
  • HAG's Price/Earnings ratio is in line with the industry average.
  • HAG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.67.
  • A Price/Forward Earnings ratio of 39.11 indicates a quite expensive valuation of HAG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HAG is on the same level as its industry peers.
  • HAG's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.69.
Industry RankSector Rank
PE 54.14
Fwd PE 39.11
HAG.DE Price Earnings VS Forward Price EarningsHAG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAG is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 46.58
EV/EBITDA 25.69
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 20.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.88
PEG (5Y)0.72
EPS Next 2Y17.66%
EPS Next 3Y20.81%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

1

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.65%, HAG is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.76, HAG has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, HAG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.65%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years4
HAG.DE Yearly Dividends per shareHAG.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

  • HAG pays out 79.45% of its income as dividend. This is not a sustainable payout ratio.
DP79.45%
EPS Next 2Y17.66%
EPS Next 3Y20.81%
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 0 50M -50M 100M 150M
HAG.DE Dividend Payout.HAG.DE Dividend Payout, showing the Payout Ratio.HAG.DE Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

HENSOLDT AG

FRA:HAG (2/12/2026, 7:00:00 PM)

79.05

-0.3 (-0.38%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-07
Earnings (Next)02-26
Inst Owners34.53%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.13B
Revenue(TTM)3.32B
Net Income(TTM)73.00M
Analysts67.37
Price Target92.14 (16.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.65%
Yearly Dividend0.4
Dividend Growth(5Y)N/A
DP79.45%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
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)2
Avg Revenue beat(2)1.43%
Min Revenue beat(2)0.11%
Max Revenue beat(2)2.75%
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)0.69%
PT rev (3m)-4.53%
EPS NQ rev (1m)-0.61%
EPS NQ rev (3m)25.38%
EPS NY rev (1m)2.19%
EPS NY rev (3m)0.15%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.93%
Valuation
Industry RankSector Rank
PE 54.14
Fwd PE 39.11
P/S 2.75
P/FCF 46.58
P/OCF 22.94
P/B 10.83
P/tB N/A
EV/EBITDA 25.69
EPS(TTM)1.46
EY1.85%
EPS(NY)2.02
Fwd EY2.56%
FCF(TTM)1.7
FCFY2.15%
OCF(TTM)3.45
OCFY4.36%
SpS28.76
BVpS7.3
TBVpS-8.27
PEG (NY)3.88
PEG (5Y)0.72
Graham Number15.48
Profitability
Industry RankSector Rank
ROA 1.47%
ROE 8.66%
ROCE 7.27%
ROIC 5.5%
ROICexc 6.71%
ROICexgc 26.41%
OM 6.44%
PM (TTM) 2.2%
GM 20.53%
FCFM 5.9%
ROA(3y)2.14%
ROA(5y)1.27%
ROE(3y)10.63%
ROE(5y)5.56%
ROIC(3y)5.78%
ROIC(5y)5.27%
ROICexc(3y)8.33%
ROICexc(5y)7.79%
ROICexgc(3y)46.8%
ROICexgc(5y)N/A
ROCE(3y)7.64%
ROCE(5y)6.97%
ROICexgc growth 3Y-15.34%
ROICexgc growth 5Y36.61%
ROICexc growth 3Y-6.65%
ROICexc growth 5Y16.6%
OM growth 3Y-1.57%
OM growth 5Y7.78%
PM growth 3Y4.27%
PM growth 5Y55.45%
GM growth 3Y0.46%
GM growth 5Y-0.17%
F-Score5
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 1.84
Debt/FCF 8.13
Debt/EBITDA 3.9
Cap/Depr 110.38%
Cap/Sales 6.08%
Interest Coverage 2.89
Cash Conversion 100.25%
Profit Quality 268.49%
Current Ratio 1.22
Quick Ratio 0.76
Altman-Z 2.33
F-Score5
WACC8.48%
ROIC/WACC0.65
Cap/Depr(3y)108.33%
Cap/Depr(5y)97.31%
Cap/Sales(3y)6.89%
Cap/Sales(5y)7.13%
Profit Quality(3y)192.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)67.82%
EPS 3Y23.77%
EPS 5Y75.2%
EPS Q2Q%-41.18%
EPS Next Y13.97%
EPS Next 2Y17.66%
EPS Next 3Y20.81%
EPS Next 5Y23.25%
Revenue 1Y (TTM)17.51%
Revenue growth 3Y14.96%
Revenue growth 5Y14.99%
Sales Q2Q%12.12%
Revenue Next Year10.91%
Revenue Next 2Y11.45%
Revenue Next 3Y13.41%
Revenue Next 5Y16.08%
EBIT growth 1Y19.55%
EBIT growth 3Y13.15%
EBIT growth 5Y23.93%
EBIT Next Year48.62%
EBIT Next 3Y27.36%
EBIT Next 5Y25.99%
FCF growth 1Y317.02%
FCF growth 3Y-16.94%
FCF growth 5Y110.7%
OCF growth 1Y174.48%
OCF growth 3Y1.41%
OCF growth 5Y30.26%

HENSOLDT AG / HAG.DE 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 2 / 10 to HENSOLDT AG (HAG.DE). This can be considered as Overvalued.


What is the profitability of HAG stock?

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


What is the financial health of HENSOLDT AG (HAG.DE) stock?

The financial health rating of HENSOLDT AG (HAG.DE) is 2 / 10.


What is the earnings growth outlook for HENSOLDT AG?

The Earnings per Share (EPS) of HENSOLDT AG (HAG.DE) is expected to grow by 13.97% in the next year.