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TKMS AG & Co. KGaA (TKMS.DE)

EUR81.90 -0.70 (-0.85%)
DE XETRA Industrials Aerospace & Defense
Address Werftstrasse 112-114 24143
Kiel, SH, DE
CEO Oliver Burkhard
IPO 2025-10-20
ISIN DE000TKMS001

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Description

TKMS AG & Co KGaA, together with its subsidiaries, provides maritime technologies and solutions in Germany, Norway, Brazil, Israel, and internationally. It operates through three segments: Submarines, Surface Vessels, and Atlas Electronics. The company designs, procures, and manufactures non-nuclear and conventional submarines, corvettes, frigates, and support ships, as well as unmanned, surface, special offshore patrol, and research vessels. It also offers compact sonar underwater and integrated sensor underwater system; hull-mounted minehunting sonar, integrated mine counter measures system, hybrid autonomous underwater vehicle system, and identification and disposal system; modular ASW combat suite, anti-torpedo torpedo, variable depth and passive towed array sonars, and active hull-mounted sonar system; heavyweight torpedo; and communication systems. In addition, the company provides various services, including trainer system, virtual ship and flight deck officer simulator, virtual ship training and information system, remote maintenance system, integrated logistic support, and in-service support, as well as artificial intelligence and data analysis. It serves the navies of North Atlantic Treaty Organization, non-NATO allies, and strategic partner nations. The company was founded in 2005 and is headquartered in Kiel, Germany. TKMS AG & Co KGaA operates as a subsidiary of thyssenkrupp AG.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR81.90 -0.70 (-0.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
161.7K
Beta
1.39
Float Shares
31.71M
Free Float %
49.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.59% -5.67% -1.78% -20.62% +3.92% +3.17% -11.71% -11.71% -11.71% -11.71% -11.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
81.90
DCF (Unlevered) 32.93 -59.8%
DCF (Levered) 390.47 +376.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-06 Change
Strong Buy 1 0
Buy 2 0
Hold 3 0
Sell 0 0
Strong Sell 0 -1
Quality scores
Altman Z-Score
0.91
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +16.7% Q1'26: +22.4% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    +32.2% Q1'26: +6.1% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    -3.1% Q1'26: -16.8% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +4.9% Q1'26: +6.6% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    Q1'26: -31.2% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +0.0% Q1'26: -1.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    0.18× Q1'26: 0.14× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.39) × ERP
WACC = 99% × Ke + 1% × Kd (91.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 32.93 Current price: 81.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2025
actual
Sep 2026
6 Rev. Ana.
4 EPS Ana.
Sep 2027
6 Rev. Ana.
4 EPS Ana.
Sep 2028
5 Rev. Ana.
3 EPS Ana.
Sep 2029
2 Rev. Ana.
1 EPS Ana.
Sep 2030
2 Rev. Ana.
1 EPS Ana.
Revenue
2.54B
est: 2.17B (+17.5%)
2.29B
2.26B – 2.35B
+5.8% YoY
2.60B
2.47B – 2.80B
+13.5% YoY
3.12B
3.10B – 3.14B
+20.1% YoY
3.53B
3.41B – 3.71B
+12.9% YoY
4.06B
3.93B – 4.28B
+15.3% YoY
EBITDA
213.74M
est: 276.46M (-22.7%)
292.44M
288.07M – 299.89M
+5.8% YoY
331.86M
315.27M – 357.32M
+13.5% YoY
398.51M
395.47M – 401.56M
+20.1% YoY
450.09M
434.94M – 473.88M
+12.9% YoY
518.73M
501.27M – 546.15M
+15.3% YoY
EBIT
124.04M
est: 205.38M (-39.6%)
217.25M
214.01M – 222.79M
+5.8% YoY
246.54M
234.21M – 265.45M
+13.5% YoY
296.05M
293.79M – 298.31M
+20.1% YoY
334.37M
323.11M – 352.04M
+12.9% YoY
385.36M
372.39M – 405.72M
+15.3% YoY
Net Income
123.00M
est: 109.50M (+12.3%)
128.69M
110.47M – 142.29M
+17.5% YoY
160.05M
137.81M – 179.98M
+24.4% YoY
188.41M
172.47M – 224.21M
+17.7% YoY
233.17M
222.96M – 249.19M
+23.8% YoY
288.56M
275.94M – 308.39M
+23.8% YoY
SGA
260.59M
est: 206.91M (+25.9%)
218.87M
215.60M – 224.45M
+5.8% YoY
248.37M
235.96M – 267.43M
+13.5% YoY
298.26M
295.98M – 300.53M
+20.1% YoY
336.86M
325.52M – 354.66M
+12.9% YoY
388.23M
375.16M – 408.75M
+15.3% YoY
EPS
1.93
est: 1.70 (+13.4%)
2.05
1.74 – 2.24
+20.7% YoY
2.50
2.17 – 2.83
+21.5% YoY
3.10
2.72 – 3.53
+24.0% YoY
3.67
3.51 – 3.92
+18.5% YoY
4.54
4.34 – 4.85
+23.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-11 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-10 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-09 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-08 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-05 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-04 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-03 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-02 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5
2026-06-01 B- 2/5 1/5 3/5 3/5 4/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
139.11M
OE per share TTM
2.31
Owner's Yield
2.92%
Maintenance CapEx ratio
1.11%
Maint CapEx / Avg PPE
22.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 91 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Europe Defense Fund WDEF 2.94% 2.66M 0.45%
2 Amundi MDAX UCITS ETF Dist MD4X.DE 1.39% 3.52M 0.20%
3 WisdomTree Europe Defence UCITS ETF - EUR Acc WDEF.L 1.36% 66.89M 0.40%
4 iShares MDAX UCITS ETF (DE) EXID.DE 1.26% 507.7K 0.51%
5 iShares MDAX UCITS ETF (DE) EXS3.DE 1.26% 22.27M 0.51%
6 Invesco MDAX UCITS ETF DEAM.DE 1.26% 10.82M 0.19%
7 iShares Defense Industrials Act IDEF 0.84% 34.45M 0.55%
8 NYLI International Small-Mid Cap Equity ETF NISM 0.70% 174.9K 0.70%
9 VanEck Defense UCITS ETF DFEN.DE 0.63% 44.22M 0.55%
10 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.39% 4.08M 0.58%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
14.4K
Shares Outstanding
63.52M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Angelika Kambeck Labor Director, Chief Human Resources Officer & Member of Executive Board female
Dirk Steinbrink COO, CTO & Member of Executive Board
Oliver Burkhard CEO & Chairman of Executive Board male
Paul Glaser CFO & Member of Executive Board
Stefan Ettwig Chief Communications Officer & Chief of Staff male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits