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German aerospace company building satellites and space systems for Earth observation, navigation and telecommunications.
German aerospace company building satellites and space systems for Earth observation, navigation and telecommunications.
Wins development and build contracts, mostly from space agencies and governments, paid in stages as milestones are met, so profit depends on keeping to cost and schedule on programmes lasting years. It is a prime contractor building whole satellites. The founding Fuchs family and the investor KKR hold most of the shares.
In one line: A German smaller Maxar Technologies for satellite manufacturing.
Moat: narrow (customer qualification, process know-how, IP / patents). Established qualified supplier to ESA/EU space programs (e.g., Galileo), but a small player against Airbus/Thales space primes.
Headquarters: Bremen, Germany · Founded: 1958 · Employees: 3,779
Size Ohb (OHB.DE) is a Germany Information Technology company (Telecommunications Equipment) with a market value of $4.45B, the 74th largest of 205 Germany companies the cockpit tracks. Shares closed at €191.20 on 6 Nov 2026.
Performance Over six months the shares fell 60.7%, against -35.0% for the median peer and +2.6% for the Germany market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 18.4% over the last twelve months (peer median +2.9%); the operating margin is 5.2% (peer median 4.0%).
Valuation It trades at 60.7× forward earnings against a peer median of 23.0× (3rd most expensive of 15).
Capital Return on invested capital runs 1.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.28B | €1.22B | €1.00B | €1.05B | €945M |
| Revenue growth | — | +21% | -4% | +11% | — |
| Gross profit | €151M | €143M | €124M | €110M | €71.9M |
| EBITDA | €110M | €108M | €48.3M | €40.7M | €59.1M |
| Net income | €43.0M | €49.5M | -€196,000 | €71.3M | €32.2M |
| Free cash flow | -€89.7M | €4.79M | €132M | -€97.1M | -€18.0M |
| Capital expenditure | €29.7M | €23.9M | €15.3M | €23.8M | €20.5M |
| Total debt | €378M | €320M | €195M | €329M | €255M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ohb OHB.DE | $4.45B | -61% | +18% | 5% | 60.7× | n/a |
| Airbus AIR.PA | $174B | +14% | +6% | 8% | 26.8× | 22.6% |
| Thales HO.PA | $51.1B | -1% | +7% | 11% | 20.6× | -2.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OHB.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.9% | -10.0% | highest of 21 |
| 6-month return | -60.7% | -35.0% | lowest of 20 |
| Distance from 52-week high | -71.5% | -54.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +18.4% | +2.9% | 7th highest of 21 |
| Operating margin | 5.2% | 4.0% | 10th highest of 21 |
| Forward P/E | 60.7× | 23.0× | 3rd most expensive of 15 |
| ROIC minus cost of capital | +1.0 pp | -3.4 pp | 6th highest of 21 |
| EV / EBITDA | 34.9× | 15.4× | most expensive of 5 |
| Net debt / EBITDA | -1.4× | 0.8× | 2nd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ohb OHB.DE | Germany | $4.45B | -61% | +18% | 5% | 60.7× | n/a | n/a |
| QuantumCTek 688027.SS | China | $4.60B | -48% | -19% | -33% | 4,259.0× | n/a | n/a |
| Jiang Su Etern 600105.SS | China | $4.82B | -48% | +49% | 12% | 24.4× | n/a | n/a |
| Fiberhome Telecommunication Technologies 600498.SS | China | $5.50B | -42% | +16% | 1% | 21.5× | 12.8% | +3.4% |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
| Shenzhen Sunway Communication 300136.SZ | China | $6.14B | -54% | +2% | 9% | 47.1× | 30.6% | +6.9% |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| Zhejiang Dahua Technology 002236.SZ | China | $7.04B | -21% | +7% | 7% | 12.3× | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| Yealink Network Technology 300628.SZ | China | $7.50B | +8% | +17% | 46% | 16.2× | 4.3% | +17.0% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| ViaSat VSAT | United States | $8.81B | -9% | +1% | 2% | n/a | 42.8% | +15.5% |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| Shanghai Longcheer Technology 603341.SS | China | $2.12B | +2% | +1% | 0% | 29.8× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |