The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

HAG.DE

Concerning the House

Hensoldt AG, together with its subsidiaries, provides sensor solutions for defense and security applications worldwide. It operates through Sensors and Optronics segments. It offers mobile and stationary radar, and identification friend or foe systems used for surveillance, reconnaissance, civil air traffic control, and air defense; systems for secure data connections for air, sea and land platforms; electronic systems for the acquisition and evaluation of radar and radio signals and jammers; defensive cyber solutions; and situational awareness systems, mission computers, and flight data recorders. The company also provides electronic self-protection systems that integrate missile, laser and radar warning sensors; customer support and service activities; simulation solutions, training courses and special services, and components and solutions for space-based sensors; and solutions and services for secure digitalization and networking in military and civil dimensions. In addition, it offers telescopic sights, visors, laser rangefinders, night vision devices and thermal imaging cameras; devices for surveillance and target acquisition for armored vehicles; submarine periscopes, optronic mast systems, and other electro-optical systems for use at sea; and mobile and stationary surveillance solutions; and special equipment for industrial and space applications. Further, the company provides friend-or-foe detection systems, radar for ship and land applications, cryptographic devices, and tactical point-to-point communication systems; delivery, installation and maintenance of air traffic control radar, weather radar, navigation, voice communications, and runway lighting systems for military and civil airports; and software solutions for military and non-military use. Hensoldt AG was incorporated in 2020 and is headquartered in Taufkirchen, Germany.

Germany · www.hensoldt.net

The Ledger
LineMar 2025Jun 2025Sep 2025Mar 2026
Revenue$395.00M$550.00M$591.00M$496.00M
Gross profit$56.00M$99.00M$123.00M$69.00M
Operating income-$18.00M$24.00M$45.00M-$4.00M
Net income-$30.00M-$12.00M$12.00M-$19.00M
Diluted EPS-0.26-0.16
Free cash flow-$134.00M-$93.00M$38.00M-$112.00M
CapEx-$37.00M-$45.00M-$52.00M-$63.00M
Quotation

$92.42

+0.30 (+0.3%)

52w hi$113.10
52w lo$64.34
Vol201.54K
As ofAug 13
The Verdict

Hold

Our score +0.06

Short-0.10
Medium+0.07
Long+0.35

computed 2026-08-13

By the Numbers

Hensoldt AG

Industrials · Aerospace & Defense

Market cap$10.67B
Enterprise value$12.69B
Trailing P/E220.05x
Forward P/E37.79x
EV / EBITDA36.67x
P / S (ttm)3.99x
Profit margin4.5%
Return on equity12.9%
Revenue growth+22.2%
Earnings growth
Debt / equity172.80
Risk Metrics
Beta vs SPX0.20
Corr SPX0.06
Annual vol55.0%
Annual ret+53.0%
Sharpe0.96
Max DD-44.6%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.35
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$93.00$94.94$92.12$92.42201.54K
Aug 12$91.30$92.70$90.60$92.12233.26K
Aug 11$91.74$93.22$90.02$90.50207.17K
Aug 10$91.46$92.68$89.50$92.04225.58K
Aug 7$91.00$95.26$89.86$90.32455.60K