BN · rank #15 · 2026-10-19
HAG
XETRA · EUR · $11.40B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.44 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +16.9% |
| Forward net margin Consensus forward net margin. | +5.0% |
| Net margin TTM Trailing twelve month net margin. | +4.5% |
| 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. | 1.02 |
| 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. | +4.8% |
| Last EPS surprise Most recent reported EPS versus consensus. | -3% |
| Market cap (USD) | $11.40B |
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 (HAG@XETRA) is a European defense-sensor and systems supplier focused on radar, optronics, electronic warfare, and networked air-defense applications.
Rationale
The quant setup fits a bottleneck-solver thesis because Hensoldt has scarce, combat-proven European radar capacity, a €10.356bn backlog, and 1H26 order intake up ~100%, giving real revenue visibility into the 2030s.
Material risks
- 1The thesis breaks if customers or primes bypass Hensoldt by developing radar/air-defense capability in-house or shifting work to competitors like Saab, reducing its bottleneck status and pricing power.
- 2The Ukraine MoU and new air-defense partnership are not yet booked orders with disclosed value, so geopolitical or procurement slippage could delay conversion of headline demand into cash flow.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.