Hensoldt AG (HNSDF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Hensoldt AG $48.20, price $105, upside -54.2%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Hensoldt AG
HNSDF · USWeakest SetupQuality growthStrongly overvalued and low quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
59‑month range $15.95 – $130.82 · fair‑value band $29.56 – $66.82 · the $105.19 price screens above the $48.20 fair value. Dashed = 300-day average. As of Sep 23, 2026.
Company profile
Hensoldt AG, together with its subsidiaries, provides sensor solutions for defense and security applications worldwide. It operates through Sensors and Optronics segments.
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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.
Stock analysis
Hensoldt AG (HNSDF) currently trades at $105.19, while our model-based Fair Value estimate is $48.20, 54.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $42.87 per share, and 0 of the 26 models we run sit above the $105.19 price.
Bear case: the Asset-Based group reads lowest at $6.47, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $29.56 (bear) to $66.82 (bull), the price of $105.19 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hensoldt AG reported revenue of €2.5B in FY2025 versus €1.5B in FY2021, a compound +13.6%/yr. Reported net income was €89.0M in FY2025, compounding +9.0%/yr from FY2021.
Key figures
Market cap $12.1B · P/E ratio 104.1 · P/S ratio 3.78 · EPS (TTM) $1.01 · Dividend yield 0.5% · Net margin 3.6% · Return on equity 10.3% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at −54%, HNSDF screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 45
Revenue & earnings trend
Growth Forecast
HNSDF screens overvalued: fair value 54% below the price. Compare with General Electric Company →
Earlier news
- Hensoldt AG (HAGHY) (H1 2026) Earnings Call Highlights: Record Orders and Strategic Expansion ...
- We Like The Quality Of Hensoldt's (ETR:HAG) Earnings
- Hensoldt AG (ETR:HAG) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
- Investors Can Find Comfort In Hensoldt's (ETR:HAG) Earnings Quality
Compare Hensoldt AG with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
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| General Electric Company GE | $312.29 | $92.61 | −70% |
| RTX Corporation RTX | $185.01 | $88.30 | −52% |
| Airbus SE AIR | €185.60 | €112.14 | −40% |
| Lockheed Martin Corporation LMT | $509.25 | $439.62 | −14% |
| Howmet Aerospace Inc HWM | $230.94 | $52.67 | −77% |
| General Dynamics Corporation GD | $334.16 | $274.19 | −18% |
| Northrop Grumman Corporation NOC | $504.61 | $382.98 | −24% |
| TransDigm Group TDG | $1,116 | $1,228 | +10% |
| Thales S.A HO | €222.70 | €170.99 | −23% |
| Rheinmetall AG RHM | €956.90 | €313.19 | −67% |
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Key figures of Hensoldt AG
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