EV/EBIT

26.7
Current
75%
Cheaper
vs 3-y average of 106.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
26.7
=
Enterprise Value
€1.4B
/
EBIT
€51.2m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
26.7
=
Enterprise Value
€1.4B
/
EBIT
€51.2m

Valuation Scenarios

H&K AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (106.7), the stock would be worth €143.84 (300% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-42%
Maximum Upside
+348%
Average Upside
178%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 26.7 €36
0%
3-Year Average 106.7 €143.84
+300%
5-Year Average 119.5 €161.18
+348%
Industry Average 54.9 €73.99
+106%
Country Average 15.5 €20.97
-42%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
DE
H&K AG
PAR:MLHK
1.3B EUR 26.7 49.9
US
Raytheon Technologies Corp
NYSE:RTX
262.5B USD 31.2 39
US
RTX Corp
LSE:0R2N
262.1B USD 31.1 38.9
US
Boeing Co
NYSE:BA
176.6B USD -35.6 93.5
NL
Airbus SE
PAR:AIR
136.3B EUR 22.5 26
FR
Safran SA
PAR:SAF
126.3B EUR 26.4 16.8
UK
Rolls-Royce Holdings PLC
LSE:RR
106.6B GBP 22.1 17.3
US
Lockheed Martin Corp
NYSE:LMT
133.1B USD 19.2 26.5
US
Howmet Aerospace Inc
NYSE:HWM
102.7B USD 49.1 68.2
US
Northrop Grumman Corp
NYSE:NOC
93.3B USD 24.2 22.3
UK
BAE Systems PLC
LSE:BA
67.2B GBP 25.9 31.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
H
H&K AG
PAR:MLHK
Average EV/EBIT: 27.8
26.7
N/A N/A
US
Raytheon Technologies Corp
NYSE:RTX
31.2
17%
1.8
US
RTX Corp
LSE:0R2N
31.1
17%
1.8
US
Boeing Co
NYSE:BA
Negative Multiple: -35.6 N/A N/A
NL
Airbus SE
PAR:AIR
22.5
25%
0.9
FR
Safran SA
PAR:SAF
26.4
20%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
22.1
4%
5.5
US
Lockheed Martin Corp
NYSE:LMT
19.2
11%
1.7
US
Howmet Aerospace Inc
NYSE:HWM
49.1
17%
2.9
US
Northrop Grumman Corp
NYSE:NOC
24.2
8%
3
UK
BAE Systems PLC
LSE:BA
25.9
19%
1.4
P/E Multiple
Earnings Growth PEG
DE
H
H&K AG
PAR:MLHK
Average P/E: 39.1
49.9
N/A N/A
US
Raytheon Technologies Corp
NYSE:RTX
39
19%
2.1
US
RTX Corp
LSE:0R2N
38.9
18%
2.2
US
Boeing Co
NYSE:BA
93.5
53%
1.8
NL
Airbus SE
PAR:AIR
26
19%
1.4
FR
Safran SA
PAR:SAF
16.8
-6%
N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
17.3
-10%
N/A
US
Lockheed Martin Corp
NYSE:LMT
26.5
16%
1.7
US
Howmet Aerospace Inc
NYSE:HWM
68.2
20%
3.4
US
Northrop Grumman Corp
NYSE:NOC
22.3
3%
7.4
UK
BAE Systems PLC
LSE:BA
31.4
16%
2

Market Distribution

Higher than 76% of companies in Germany
Percentile
76th
Based on 2 187 companies
76th percentile
26.7
Low
0.1 — 10.6
Typical Range
10.6 — 23.1
High
23.1 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 10.6
Median 15.5
70th Percentile 23.1
Max 672.9

H&K AG
Glance View

Market Cap
1.3B EUR
Industry
Aerospace & Defense

Heckler & Koch AG, headquartered in Oberndorf am Neckar, Germany, is a storied name within the firearms industry, with a history that echoes through the corridors of military and law enforcement communities worldwide. Founded in 1949 by engineers Edmund Heckler, Theodor Koch, and Alex Seidel, the company emerged from the remnants of an armament factory shuttered after World War II. Initially focused on precision tooling and bicycle components, its trajectory changed when the German government sought to modernize its weapons. H&K quickly established itself with the production of the groundbreaking G3 rifle in 1959, a robust design that cemented its reputation for innovation and reliability. The ethos of pioneering design continued with the adaptation of polymer materials and new operating systems in their firearms, setting standards in the industry that others would follow. Today, H&K AG thrives on its proven ability to provide highly specialized products to their core markets—government security agencies, law enforcement, and military forces—across continents. The company’s product lineup spans rifles, submachine guns, pistols, and machine guns, catering to the distinct needs and rigorous specifications of professional users. By securing long-term contracts for supply and maintenance, and innovating continuously with R&D, H&K sustains its financial health and competitive edge. It is their continued commitment to craftsmanship, precision engineering, and innovation in defense technology that propels their success, ensuring they remain an indispensable partner within global defense procurement arenas.

MLHK Intrinsic Value
39.36 EUR
Undervaluation 9%
Intrinsic Value
Price €36
H
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