Operating Income - Hensoldt AG (XETRA:HAG)

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Price: 95.1 EUR 2.42%

Market Cap: 11B EUR

Hensoldt AG
Operating Income

Quarterly

Annual

TTM

Adjust for Inflation

Operating Income Estimates Income Statement

Hensoldt AG
Operating Income Peer Comparison

Company		Operating Income	CAGR 3Y	CAGR 5Y	CAGR 10Y
	Hensoldt AG XETRA:HAG	Operating Income €185m	CAGR 3-Years 13%	CAGR 5-Years 24%	CAGR 10-Years N/A
	OHB SE XETRA:OHB	Operating Income €26.2m	CAGR 3-Years -22%	CAGR 5-Years -9%	CAGR 10-Years -4%
	Rheinmetall AG XETRA:RHM	Operating Income €1.5B	CAGR 3-Years 33%	CAGR 5-Years 29%	CAGR 10-Years 22%
	MTU Aero Engines AG XETRA:MTX	Operating Income €1B	CAGR 3-Years 51%	CAGR 5-Years 16%	CAGR 10-Years 11%
H	H&K AG PAR:MLHK	Operating Income €51.2m	CAGR 3-Years 7%	CAGR 5-Years 27%	CAGR 10-Years N/A

Hensoldt AG
Glance View

Economic Moat

None

Market Cap

11B EUR

Industry

Aerospace & Defense

Hensoldt AG stands as a significant player in the defense and security industry, emerging from its roots as a division of Airbus Group to carve its own path. With its headquarters nestled in Taufkirchen, Germany, Hensoldt AG is prominently involved in developing state-of-the-art sensor solutions for defense, security, and aerospace applications. The company specializes in sensor technology that engineers the electronics essential for reconnaissance and surveillance. At the heart of its operations lies a commitment to innovation, particularly in radar, electronic warfare systems, and avionics. This vast array of sensors serves a variety of purposes, from securing national borders to enabling precision in tactical missions, showing the broad scope of how Hensoldt's technology integrates into both national defense systems and commercial aviation. Beyond serving defense needs, Hensoldt actively explores commercial applications, investing heavily in research and development to keep its offerings at the cutting edge. It effectively generates revenue by engaging governments and defense contractors with tailored solutions that meet specific operational demands, ranging from complex radars to cyber warfare technologies. This strategic diversification ensures a steady flow of projects across different domains and geographies, bolstering the company’s resilience in a cyclical defense marketplace. By leveraging partnerships and joint ventures, Hensoldt widens its reach and fortifies its position amidst global competition, always keeping an eye on expanding capabilities and enhancing the technological prowess of its potent offerings.

View HAG Analysis

HAG Intrinsic Value

Overvaluation 31%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Hensoldt AG
XETRA:HAG

Hensoldt AG
Operating Income

Hensoldt AG
Operating Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Hensoldt AG
Glance View

See Also

What is Hensoldt AG's Operating Income?

Operating Income
185m EUR

What is Hensoldt AG's Operating Income growth rate?

Operating Income CAGR 5Y
24%

Company

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Hensoldt AG XETRA:HAG

Hensoldt AG Operating Income

Hensoldt AG Operating Income Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Hensoldt AG Glance View

See Also

What is Hensoldt AG's Operating Income? Operating Income 185m EUR

What is Hensoldt AG's Operating Income growth rate? Operating Income CAGR 5Y 24%

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Tools

Stocks

Hensoldt AG
XETRA:HAG

Hensoldt AG
Operating Income

Hensoldt AG
Operating Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Hensoldt AG
Glance View

What is Hensoldt AG's Operating Income?

Operating Income
185m EUR

What is Hensoldt AG's Operating Income growth rate?

Operating Income CAGR 5Y
24%