TKMS Stock Price Rises on Strong Defence Orders and Spin-Off Momentum
Kiel, 12 January 2026 – ThyssenKrupp Marine Systems (TKMS) shares have gained momentum in early 2026, trading at €89.30, up 8.24 per cent on the day. The company’s robust order backlog of €18.6 billion and successful spin-off from ThyssenKrupp AG in October 2025 have bolstered investor confidence in the maritime defence sector.
Market Performance and Recent Developments
TKMS, which listed on the Frankfurt Stock Exchange in October 2025, has seen its stock price fluctuate amid geopolitical tensions and rising defence spending. The share closed at €81.75 on 11 January 2026, reflecting a 44.17 per cent year-to-date increase. Analysts from Deutsche Bank and Bernstein Research have rated the stock positively, with targets ranging from €74 to €87.
Key Facts
| Metric | Value |
|---|---|
| Current Stock Price | €89.30 |
| Daily Change | +€6.80 (+8.24%) |
| 52-Week Range | €60.00 – €107.00 |
| Market Capitalisation | €5.24 billion |
| Order Backlog | €18.6 billion |
| EBIT Margin (2025e) | 5.6% |
Financial Highlights and Outlook
In the fiscal year ending September 2025, TKMS reported sales of €2.1 billion, up from €1.8 billion the previous year, driven by submarine deliveries and naval electronics. Adjusted EBIT reached €125 million, a 71 per cent increase. The company expects annual revenue growth of 10 per cent in the medium term, with an EBIT margin exceeding 7 per cent.
Frequently Asked Questions
What factors are driving TKMS stock price?
The stock price is supported by a strong order backlog, geopolitical demand for defence equipment, and the successful spin-off, which provided €3.8 billion in valuation at listing.
What is TKMS’s dividend policy?
TKMS forecasts dividends starting at €0.62 per share in 2026, rising to €1.26 by 2028, yielding up to 1.68 per cent.
How has TKMS performed compared to peers?
TKMS has outperformed some shipbuilding peers, with a 44 per cent year-to-date gain, amid rising defence budgets in Europe and NATO allies.