RHEINMETALL AG (RHM.DE) Fundamental Analysis & Valuation

FRA:RHM • DE0007030009

Current stock price

1319.2 EUR
-87.8 (-6.24%)
Last:

This RHM.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. RHM.DE Profitability Analysis

1.1 Basic Checks

  • In the past year RHM was profitable.
  • RHM had a positive operating cash flow in the past year.
  • In the past 5 years RHM has always been profitable.
  • Each year in the past 5 years RHM had a positive operating cash flow.
RHM.DE Yearly Net Income VS EBIT VS OCF VS FCFRHM.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of RHM (4.14%) is comparable to the rest of the industry.
  • RHM has a Return On Equity (13.87%) which is comparable to the rest of the industry.
  • RHM has a better Return On Invested Capital (15.65%) than 85.71% of its industry peers.
  • RHM had an Average Return On Invested Capital over the past 3 years of 12.62%. This is above the industry average of 10.01%.
  • The last Return On Invested Capital (15.65%) for RHM is above the 3 year average (12.62%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.14%
ROE 13.87%
ROIC 15.65%
ROA(3y)4.57%
ROA(5y)4.67%
ROE(3y)15.91%
ROE(5y)15.32%
ROIC(3y)12.62%
ROIC(5y)12.05%
RHM.DE Yearly ROA, ROE, ROICRHM.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • RHM has a Profit Margin (7.00%) which is in line with its industry peers.
  • RHM's Profit Margin has declined in the last couple of years.
  • RHM has a Operating Margin of 16.54%. This is amongst the best in the industry. RHM outperforms 85.71% of its industry peers.
  • RHM's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 52.37%, RHM belongs to the best of the industry, outperforming 80.36% of the companies in the same industry.
  • In the last couple of years the Gross Margin of RHM has remained more or less at the same level.
Industry RankSector Rank
OM 16.54%
PM (TTM) 7%
GM 52.37%
OM growth 3Y13.09%
OM growth 5Y15.43%
PM growth 3Y-1.79%
PM growth 5YN/A
GM growth 3Y-0.22%
GM growth 5Y0.55%
RHM.DE Yearly Profit, Operating, Gross MarginsRHM.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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6

2. RHM.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), RHM is creating value.
  • RHM has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, RHM has more shares outstanding
  • The debt/assets ratio for RHM has been reduced compared to a year ago.
RHM.DE Yearly Shares OutstandingRHM.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
RHM.DE Yearly Total Debt VS Total AssetsRHM.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • RHM has an Altman-Z score of 4.80. This indicates that RHM is financially healthy and has little risk of bankruptcy at the moment.
  • RHM's Altman-Z score of 4.80 is amongst the best of the industry. RHM outperforms 83.93% of its industry peers.
  • RHM has a debt to FCF ratio of 0.90. This is a very positive value and a sign of high solvency as it would only need 0.90 years to pay back of all of its debts.
  • RHM has a Debt to FCF ratio of 0.90. This is amongst the best in the industry. RHM outperforms 94.64% of its industry peers.
  • A Debt/Equity ratio of 0.23 indicates that RHM is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.23, RHM is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 0.9
Altman-Z 4.8
ROIC/WACC2.03
WACC7.7%
RHM.DE Yearly LT Debt VS Equity VS FCFRHM.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 1.20 indicates that RHM should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.20, RHM perfoms like the industry average, outperforming 51.79% of the companies in the same industry.
  • RHM has a Quick Ratio of 1.20. This is a bad value and indicates that RHM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • RHM has a worse Quick ratio (0.68) than 66.07% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.68
RHM.DE Yearly Current Assets VS Current LiabilitesRHM.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. RHM.DE Growth Analysis

3.1 Past

  • RHM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.45%.
  • Measured over the past years, RHM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.97% on average per year.
  • The Revenue has been growing slightly by 1.89% in the past year.
  • The Revenue has been growing by 12.95% on average over the past years. This is quite good.
EPS 1Y (TTM)-1.45%
EPS 3Y12.97%
EPS 5YN/A
EPS Q2Q%-35.49%
Revenue 1Y (TTM)1.89%
Revenue growth 3Y15.73%
Revenue growth 5Y12.95%
Sales Q2Q%-30.52%

3.2 Future

  • RHM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 54.36% yearly.
  • RHM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 31.75% yearly.
EPS Next Y153.92%
EPS Next 2Y91.11%
EPS Next 3Y70.89%
EPS Next 5Y54.36%
Revenue Next Year34.37%
Revenue Next 2Y34.35%
Revenue Next 3Y32.78%
Revenue Next 5Y31.75%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
RHM.DE Yearly Revenue VS EstimatesRHM.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10B 20B 30B 40B
RHM.DE Yearly EPS VS EstimatesRHM.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 20 40 60 80 100

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3

4. RHM.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 84.56 indicates a quite expensive valuation of RHM.
  • Based on the Price/Earnings ratio, RHM is valued a bit more expensive than the industry average as 67.86% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 27.47, RHM is valued quite expensively.
  • The Price/Forward Earnings ratio is 33.30, which means the current valuation is very expensive for RHM.
  • The rest of the industry has a similar Price/Forward Earnings ratio as RHM.
  • The average S&P500 Price/Forward Earnings ratio is at 22.62. RHM is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 84.56
Fwd PE 33.3
RHM.DE Price Earnings VS Forward Price EarningsRHM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, RHM is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
  • RHM's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 43.38
EV/EBITDA 30.38
RHM.DE Per share dataRHM.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of RHM may justify a higher PE ratio.
  • RHM's earnings are expected to grow with 70.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y91.11%
EPS Next 3Y70.89%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. RHM.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.77%, RHM is not a good candidate for dividend investing.
  • In the last 3 months the price of RHM has falen by -23.11%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.73, RHM has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.77, RHM pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.77%

5.2 History

  • On average, the dividend of RHM grows each year by 27.94%, which is quite nice.
Dividend Growth(5Y)27.94%
Div Incr Years2
Div Non Decr Years5
RHM.DE Yearly Dividends per shareRHM.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • RHM pays out 53.09% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • RHM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP53.09%
EPS Next 2Y91.11%
EPS Next 3Y70.89%
RHM.DE Yearly Income VS Free CF VS DividendRHM.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B
RHM.DE Dividend Payout.RHM.DE Dividend Payout, showing the Payout Ratio.RHM.DE Dividend Payout.PayoutRetained Earnings

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RHM.DE Fundamentals: All Metrics, Ratios and Statistics

RHEINMETALL AG

FRA:RHM (4/24/2026, 5:36:15 PM)

1319.2

-87.8 (-6.24%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)03-12
Earnings (Next)05-07
Inst Owners44.29%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap61.42B
Revenue(TTM)9.94B
Net Income(TTM)695.00M
Analysts82.22
Price Target2102.37 (59.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.77%
Yearly Dividend8.26
Dividend Growth(5Y)27.94%
DP53.09%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-39.7%
Min EPS beat(2)-56.09%
Max EPS beat(2)-23.31%
EPS beat(4)0
Avg EPS beat(4)-25.08%
Min EPS beat(4)-56.09%
Max EPS beat(4)-3.11%
EPS beat(8)0
Avg EPS beat(8)-31.16%
EPS beat(12)2
Avg EPS beat(12)-17.08%
EPS beat(16)4
Avg EPS beat(16)-13.49%
Revenue beat(2)0
Avg Revenue beat(2)-20.11%
Min Revenue beat(2)-37.48%
Max Revenue beat(2)-2.73%
Revenue beat(4)1
Avg Revenue beat(4)-8.18%
Min Revenue beat(4)-37.48%
Max Revenue beat(4)11.46%
Revenue beat(8)3
Avg Revenue beat(8)-5.17%
Revenue beat(12)3
Avg Revenue beat(12)-4.1%
Revenue beat(16)4
Avg Revenue beat(16)-3.17%
PT rev (1m)-3.19%
PT rev (3m)-5.83%
EPS NQ rev (1m)-6.95%
EPS NQ rev (3m)50.27%
EPS NY rev (1m)-2.25%
EPS NY rev (3m)-5.65%
Revenue NQ rev (1m)-25.36%
Revenue NQ rev (3m)-24.52%
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-12.9%
Valuation
Industry RankSector Rank
PE 84.56
Fwd PE 33.3
P/S 6.18
P/FCF 43.38
P/OCF 26.85
P/B 12.26
P/tB 25.47
EV/EBITDA 30.38
EPS(TTM)15.6
EY1.18%
EPS(NY)39.61
Fwd EY3%
FCF(TTM)30.41
FCFY2.31%
OCF(TTM)49.14
OCFY3.73%
SpS213.38
BVpS107.6
TBVpS51.8
PEG (NY)0.55
PEG (5Y)N/A
Graham Number194.342 (-85.27%)
Profitability
Industry RankSector Rank
ROA 4.14%
ROE 13.87%
ROCE 21.33%
ROIC 15.65%
ROICexc 19.92%
ROICexgc 34.91%
OM 16.54%
PM (TTM) 7%
GM 52.37%
FCFM 14.25%
ROA(3y)4.57%
ROA(5y)4.67%
ROE(3y)15.91%
ROE(5y)15.32%
ROIC(3y)12.62%
ROIC(5y)12.05%
ROICexc(3y)15.35%
ROICexc(5y)14.9%
ROICexgc(3y)26.3%
ROICexgc(5y)23.13%
ROCE(3y)17.51%
ROCE(5y)16.71%
ROICexgc growth 3Y26.22%
ROICexgc growth 5Y23.82%
ROICexc growth 3Y13.13%
ROICexc growth 5Y16%
OM growth 3Y13.09%
OM growth 5Y15.43%
PM growth 3Y-1.79%
PM growth 5YN/A
GM growth 3Y-0.22%
GM growth 5Y0.55%
F-Score5
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 0.9
Debt/EBITDA 0.54
Cap/Depr 174.05%
Cap/Sales 8.78%
Interest Coverage 250
Cash Conversion 106.72%
Profit Quality 203.74%
Current Ratio 1.2
Quick Ratio 0.68
Altman-Z 4.8
F-Score5
WACC7.7%
ROIC/WACC2.03
Cap/Depr(3y)161.64%
Cap/Depr(5y)146.35%
Cap/Sales(3y)7.94%
Cap/Sales(5y)6.81%
Profit Quality(3y)135.24%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.45%
EPS 3Y12.97%
EPS 5YN/A
EPS Q2Q%-35.49%
EPS Next Y153.92%
EPS Next 2Y91.11%
EPS Next 3Y70.89%
EPS Next 5Y54.36%
Revenue 1Y (TTM)1.89%
Revenue growth 3Y15.73%
Revenue growth 5Y12.95%
Sales Q2Q%-30.52%
Revenue Next Year34.37%
Revenue Next 2Y34.35%
Revenue Next 3Y32.78%
Revenue Next 5Y31.75%
EBIT growth 1Y18.37%
EBIT growth 3Y30.87%
EBIT growth 5Y30.37%
EBIT Next Year82.94%
EBIT Next 3Y51.61%
EBIT Next 5Y40.72%
FCF growth 1Y43.32%
FCF growth 3YN/A
FCF growth 5Y45.52%
OCF growth 1Y33.02%
OCF growth 3Y136.03%
OCF growth 5Y38.19%

RHEINMETALL AG / RHM.DE Fundamental Analysis FAQ

What is the fundamental rating for RHM stock?

ChartMill assigns a fundamental rating of 6 / 10 to RHM.DE.


Can you provide the valuation status for RHEINMETALL AG?

ChartMill assigns a valuation rating of 3 / 10 to RHEINMETALL AG (RHM.DE). This can be considered as Overvalued.


What is the profitability of RHM stock?

RHEINMETALL AG (RHM.DE) has a profitability rating of 7 / 10.


Can you provide the financial health for RHM stock?

The financial health rating of RHEINMETALL AG (RHM.DE) is 6 / 10.


What is the expected EPS growth for RHEINMETALL AG (RHM.DE) stock?

The Earnings per Share (EPS) of RHEINMETALL AG (RHM.DE) is expected to grow by 153.92% in the next year.