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.
  • In the past year RHM had a positive cash flow from operations.
  • RHM had positive earnings in each of the past 5 years.
  • In the past 5 years RHM always reported a positive cash flow from operatings.
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

  • RHM has a Return On Assets (4.14%) which is comparable to the rest of the industry.
  • The Return On Equity of RHM (13.87%) is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 15.65%, RHM belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • 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.
  • In the last couple of years the Profit Margin of RHM has declined.
  • The Operating Margin of RHM (16.54%) is better than 85.71% of its industry peers.
  • RHM's Operating Margin has improved in the last couple of years.
  • RHM's Gross Margin of 52.37% is amongst the best of the industry. RHM outperforms 80.36% of its industry peers.
  • 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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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
  • Compared to 1 year ago, RHM has an improved debt to assets ratio.
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

  • An Altman-Z score of 4.80 indicates that RHM is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.80, RHM belongs to the top of the industry, outperforming 83.93% of the companies in the same industry.
  • The Debt to FCF ratio of RHM is 0.90, which is an excellent value as it means it would take RHM, only 0.90 years of fcf income to pay off all of its debts.
  • RHM's Debt to FCF ratio of 0.90 is amongst the best of the industry. RHM outperforms 94.64% of its industry peers.
  • RHM has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
  • RHM's Debt to Equity ratio of 0.23 is fine compared to the rest of the industry. RHM outperforms 78.57% of its industry peers.
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.
  • RHM has a Current ratio (1.20) which is comparable to the rest of the 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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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%.
  • RHM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.97% yearly.
  • The Revenue has been growing slightly by 1.89% in the past year.
  • Measured over the past years, RHM shows a quite strong growth in Revenue. The Revenue has been growing by 12.95% on average per year.
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

  • Based on estimates for the next years, RHM will show a very strong growth in Earnings Per Share. The EPS will grow by 54.36% on average per year.
  • Based on estimates for the next years, RHM will show a very strong growth in Revenue. The Revenue will grow by 31.75% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

  • Based on the Price/Earnings ratio of 84.56, the valuation of RHM can be described as expensive.
  • Based on the Price/Earnings ratio, RHM is valued a bit more expensive than 67.86% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.42, RHM is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 33.30, the valuation of RHM can be described as expensive.
  • RHM's Price/Forward Earnings ratio is in line with the industry average.
  • RHM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RHM indicates a slightly more expensive valuation: RHM is more expensive than 64.29% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of RHM is on the same level as its industry peers.
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.
  • RHM has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as RHM's earnings are expected to grow with 70.89% in the coming years.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y91.11%
EPS Next 3Y70.89%

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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 -27.91%. 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 0.85, RHM has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, RHM's dividend is way lower than the S&P500 average.
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

  • 53.09% of the earnings are spent on dividend by RHM. 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, 7:00:00 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.