← Bottleneck Solvers
BN · rank #10 · 2026-09-04
HAG
XETRA · EUR · $10.98B (USD)
SignalBuy1.5strength 1.5 / 10
verdict · PROCEED
The exact numbers the algorithm saw.
Bottleneck themes
The structural shortage this name supplies into.
European defense ammunition bottleneck
| Composite score Z-score blend of the factors below; drives the rank. | -0.44 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +16.6% |
| Forward net margin Consensus forward net margin. | +5.1% |
| Net margin TTM Trailing twelve month net margin. | +4.5% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.6% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 1.06 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 5.45× |
| Analyst upside Spread between the consensus 12m target and the current price. | +13.3% |
| Last EPS surprise Most recent reported EPS versus consensus. | -3% |
| Market cap (USD) | $10.98B |
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 German defense electronics provider specializing in military sensor, optronics, and radar systems for air defense, ground, and naval platforms [1, 2].
Rationale
The company fits the bottleneck-solver strategy through its high-end niche technologies, driving a record €10.3bn backlog and 2.4x book-to-bill ratio as European nations rearm [1, 3].
Material risks
- 1The sudden termination of the German Navy's F126 frigate program in June 2026, which threatens near-term backlog expectations and major naval contract revenue [1].
- 2Elevated operational execution and working capital pressure, highlighted by a negative €136m free cash flow in H1 2026 and a high debt-to-FCF ratio of 5.45x [1].
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