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Added to YB: 2026-05-13

Pitch date: 2026-03-02

TKMS.DE [bullish]

TKMS AG & Co KGaA

-21.68%

current return

Author Info

No bio for this author

Company Info

TKMS AG & Co KGaA, together with its subsidiaries, provides maritime technologies and solutions in Germany, Norway, Brazil, Israel, and internationally.

Market Cap

EUR 5.0B

Pitch Price

EUR 95.00

Price Target

175.00 (+135%)

Dividend

N/A

EV/EBITDA

19.20

P/E

46.95

EV/Sales

1.60

Sector

Aerospace and Defense

Category

growth

Show full summary:
TKMS AG & Co KGaA - $TKMS.DE

TKMS.DE: World's #1 conventional sub supplier w/ 185yr history, 181 vessel installed base, €18.6bn backlog (8.6x rev, 7-9yr visibility; soft backlog €28bn). NATO rearm supercycle: defense spend to 5% GDP by 2035, double 2% prior. 6% EBIT margins expanding to 9.5%+ (peers 10-15%, TKMS hit 14% in 2011-12). 18% mkt cap in net cash. Canada €13bn sub deal pending. PT €175, 85% upside, 17% IRR.

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