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OHB

OHBXTRA:OHB Stock Report

Last Price

€35.20

Market Cap

€612.5m

7D

0.3%

1Y

-18.8%

Updated

18 Jan, 2022

Data

Company Financials +
OHB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health4/6
Dividends4/6

OHB Stock Overview

OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally.

OHB Competitors

Airbus

ENXTPA:AIR

€91.1b

Price History & Performance

Summary of all time highs, changes and price drops for OHB
Historical stock prices
Current Share Price€35.20
52 Week High€49.00
52 Week Low€33.50
Beta1.23
1 Month Change0.29%
3 Month Change-5.63%
1 Year Change-18.80%
3 Year Change4.14%
5 Year Change88.44%
Change since IPO263.26%

Recent News & Updates

Nov 24
Is Now The Time To Look At Buying OHB SE (ETR:OHB)?

Is Now The Time To Look At Buying OHB SE (ETR:OHB)?

While OHB SE ( ETR:OHB ) might not be the most widely known stock at the moment, it saw significant share price...

Jul 27
Does OHB (ETR:OHB) Have A Healthy Balance Sheet?

Does OHB (ETR:OHB) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 04
The Returns On Capital At OHB (ETR:OHB) Don't Inspire Confidence

The Returns On Capital At OHB (ETR:OHB) Don't Inspire Confidence

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

OHBDE Aerospace & DefenseDE Market
7D0.3%1.9%-0.9%
1Y-18.8%-8.8%10.6%

Return vs Industry: OHB underperformed the German Aerospace & Defense industry which returned -8.5% over the past year.

Return vs Market: OHB underperformed the German Market which returned 11.6% over the past year.

Price Volatility

Is OHB's price volatile compared to industry and market?
OHB volatility
OHB Average Weekly Movement3.8%
Aerospace & Defense Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in DE Market9.7%
10% least volatile stocks in DE Market2.6%

Stable Share Price: OHB is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OHB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a2,918Marco Fuchshttps://www.ohb.de

OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. It produces and distributes products and projects, as well as provides technology services primarily in the areas of space and aeronautic technology, telematics, and satellite services. The company operates through two segments, Space Systems and Aerospace + Industrial Products.

OHB Fundamentals Summary

How do OHB's earnings and revenue compare to its market cap?
OHB fundamental statistics
Market Cap€612.47m
Earnings (TTM)€23.06m
Revenue (TTM)€909.29m

26.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OHB income statement (TTM)
Revenue€909.29m
Cost of Revenue€533.68m
Gross Profit€375.61m
Expenses€352.55m
Earnings€23.06m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 23, 2022

Earnings per share (EPS)1.33
Gross Margin41.31%
Net Profit Margin2.54%
Debt/Equity Ratio86.8%

How did OHB perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is OHB undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OHB (€35.2) is trading below our estimate of fair value (€75.32)

Significantly Below Fair Value: OHB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OHB is poor value based on its PE Ratio (26.6x) compared to the European Aerospace & Defense industry average (22.6x).

PE vs Market: OHB is poor value based on its PE Ratio (26.6x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: OHB is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: OHB is good value based on its PB Ratio (2.5x) compared to the DE Aerospace & Defense industry average (4x).


Future Growth

How is OHB forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

29.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OHB's forecast earnings growth (29.1% per year) is above the savings rate (-0.01%).

Earnings vs Market: OHB's earnings (29.1% per year) are forecast to grow faster than the German market (10.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OHB's revenue (10.8% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: OHB's revenue (10.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OHB's Return on Equity is forecast to be low in 3 years time (14.8%).


Past Performance

How has OHB performed over the past 5 years?

-0.08%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OHB has high quality earnings.

Growing Profit Margin: OHB's current net profit margins (2.5%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: OHB's earnings have declined by 0.08% per year over the past 5 years.

Accelerating Growth: OHB's earnings growth over the past year (3.7%) exceeds its 5-year average (-0.08% per year).

Earnings vs Industry: OHB earnings growth over the past year (3.7%) exceeded the Aerospace & Defense industry 3.7%.


Return on Equity

High ROE: OHB's Return on Equity (8.9%) is considered low.


Financial Health

How is OHB's financial position?


Financial Position Analysis

Short Term Liabilities: OHB's short term assets (€636.3M) exceed its short term liabilities (€520.8M).

Long Term Liabilities: OHB's short term assets (€636.3M) exceed its long term liabilities (€233.3M).


Debt to Equity History and Analysis

Debt Level: OHB's net debt to equity ratio (45.5%) is considered high.

Reducing Debt: OHB's debt to equity ratio has reduced from 107.2% to 86.8% over the past 5 years.

Debt Coverage: OHB's debt is not well covered by operating cash flow (14.5%).

Interest Coverage: OHB's interest payments on its debt are well covered by EBIT (15.7x coverage).


Balance Sheet


Dividend

What is OHB current dividend yield, its reliability and sustainability?

1.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OHB's dividend (1.22%) is higher than the bottom 25% of dividend payers in the German market (1.01%).

High Dividend: OHB's dividend (1.22%) is low compared to the top 25% of dividend payers in the German market (3.31%).


Stability and Growth of Payments

Stable Dividend: OHB's dividend payments have been volatile in the past 10 years.

Growing Dividend: OHB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.4%), OHB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OHB's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Marco Fuchs (59 yo)

22yrs

Tenure

€835,000

Compensation

Mr. Marco R. Fuchs has served as the Chief Executive Officer and Member of Management Board since 2000 and serves as Chairman of the Management Board at OHB SE since 2000. He is the Chief Executive Officer...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD946.18K) is about average for companies of similar size in the German market ($USD1.31M).

Compensation vs Earnings: Marco's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OHB's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: OHB's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OHB SE's employee growth, exchange listings and data sources


Key Information

  • Name: OHB SE
  • Ticker: OHB
  • Exchange: XTRA
  • Founded: NaN
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: €612.467m
  • Shares outstanding: 17.40m
  • Website: https://www.ohb.de

Number of Employees


Location

  • OHB SE
  • Manfred-Fuchs-Platz 2–4
  • Bremen
  • Bremen
  • 28359
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 21:16
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.