BN · rank #10 · 2026-07-23

HAG

XETRA · EUR · $10.22B (USD)

SignalBuy2.3strength 2.3 / 10

verdict · PROCEED

The exact numbers the algorithm saw.

Bottleneck themes

The structural shortage this name supplies into.

European defense ammunition bottleneck

Factor scores and the inputs behind this pick.
Composite score Z-score blend of the factors below; drives the rank.	-0.22
Forward revenue growth Consensus forward revenue growth.	+17.3%
Forward net margin Consensus forward net margin.	+4.4%
Net margin TTM Trailing twelve month net margin.	+3.9%
Margin expansion Forward minus trailing net margin (percentage points).	+0.5%
Forward PEG Forward P/E to growth. Below 1 is cheap for the growth.	1.33
Debt / FCF Net debt relative to free cash flow. Lower is safer.	6.12×
Analyst upside Spread between the consensus 12m target and the current price.	+16.7%
Last EPS surprise Most recent reported EPS versus consensus.	-0%
Market cap (USD)	$10.22B

The AI research card

Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.

Summary

Hensoldt AG is a leading European defense electronics provider specializing in critical sensor, optronics, and electronic warfare systems for major military platforms.

Rationale

The bottleneck solver thesis is validated by a €9.80 billion order backlog and 17.25% forward revenue growth, reflecting high-barrier capacity in European defense electronics.

Material risks

1Shifting state defense procurement, as demonstrated by the German Ministry of Defence's termination of the F126 frigate program in favor of MEKO A-200-class frigates.
2Extreme customer concentration in European government defense budgets combined with a relatively high debt-to-free-cash-flow ratio of 6.12x.

AI verdict council

Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.

OpenAI

Proceed

Claude

Caution

Gemini

Proceed