YIELD MONSTERS 2025: Hensoldt, Steyr Motors, Veganz shares – another 250% gain?

Veganz Group reinvents itself: Stock set to multiply?

The Veganz Group is currently delivering the comeback story of the year in Germany. The healthy food specialist has undergone a significant transformation in recent months. Instead of having to push a large number of vegan products onto the market, it is now entering billion-dollar markets with an innovative food tech model. It is also divesting itself of subsidiaries. OrbiFarm GmbH is currently being sold for EUR 30 million plus a share of profits. To put this into context: at a current share price of EUR 18.35, the Company is valued at just EUR 37.25 million. Apart from a long-term bond with a volume of EUR 10 million, Veganz is also debt-free.

The new gem in the Group is Mililk FoodTech GmbH. The Company is engaged in revolutionary technology for food production. The initial focus is on plant-based milk alternatives. Using a patented 2D printing process, oat milk, for example, can be produced in a concentrated form and then liquefied at the customer's premises, such as coffee chains or fast food restaurants. The product is even organic and barista-quality. The advantages are significant: no refrigeration is required, a long shelf life is achieved, up to 85% less weight and volume are used, up to 94% less packaging material is utilized, and up to 90% CO2 savings are realized. The result is a compelling mix of very low transport and logistics costs, along with significant waste reduction.

A production site has already been identified in the US to produce more than 60 million litres of plant-based milk alternatives annually. Six new production sites are even planned in Europe. The sales potential is therefore likely to exceed EUR 100 million. Anyone who wants to try the milk can already order it online here

Accordingly, mwb Research is likely to be revised soon. Analysts currently expect revenues of EUR 37 million for 2026 and EUR 59 million for 2027. This seems far too low, considering Mililk alone. Despite the previous estimates, the current price target remains EUR 21.50. Following the completion of the OrbiFarm deal, analysts see additional value of EUR 10.80 per share.

A strong news flow is expected in the coming weeks – from the Company and analysts. This strongly suggests rising price targets and a corresponding increase in the share price.

Steyr Motors: A breather after 300%

While the Veganz story is just getting started and the stock looks promising, Steyr Motors is taking a breather. However, this is also important because, at a current price of EUR 57.80, the stock has gained over 300% in the current year and is now worth EUR 300 million on the stock market. It should not be forgotten that the share price briefly exceeded EUR 300 during the defense hype, and the valuation shot up into the billions.

In contrast, the specialist engine manufacturer generated revenue of EUR 41.7 million in 2024. Although growth is expected to gain momentum in the coming years, driven by engines for military vehicles, this momentum is urgently needed to justify the valuation to some extent. On the plus side, the Austrian company holds an order backlog of around EUR 200 million. Analysts at Hauck Aufhäuser therefore recommend buying Steyr shares with a price target of EUR 61.

Hensoldt: EUR 340 million order from Ukraine

On Sunday night, Russia launched another massive air strike against Ukraine. Ukrainian President Zelenskyy reported the interception of several hundred hostile drones. Hensoldt is playing a role in strengthening Ukraine's defenses. The German military electronics specialist recently reported an order worth EUR 340 million. According to the report, the technology company will supply TRML-4D high-performance radars and SPEXER 2000 3D MkIII short-range radars to Ukraine.

Hensoldt CEO Oliver Dörre commented: "Our high-performance radars are urgently needed by the Ukrainian air defense forces. Several radars have been protecting Ukraine since the start of Russia's war of aggression. We are proud to be supplying additional systems. The radars are extremely important for protecting citizens." Hensoldt has decades of experience with radar systems for air defense and is driving forward the further development of key technologies. Hensoldt also supplies radars for the German Navy's new frigates and corvettes, as well as for airspace surveillance and approach control at German Air Force bases, among other applications. It is therefore not surprising that the share price has risen by 170% in the current year. Since 2022, the increase has been around 720%.

Defence stocks appear to have taken a breather for the moment. This is healthy and in line with their performance in recent months and years. In contrast, the revaluation of Veganz seems far from over. The Company is currently reinventing itself, and analyst estimates appear to be far too low.