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
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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