RHEINMETALL AG (RHM.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:RHM • DE0007030009

1592 EUR
-37 (-2.27%)
Last: Feb 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

RHM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 54 industry peers in the Aerospace & Defense industry. While RHM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. RHM is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • RHM had positive earnings in the past year.
  • In the past year RHM had a positive cash flow from operations.
  • RHM had positive earnings in 4 of the past 5 years.
  • 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 0 500M 1B 1.5B

1.2 Ratios

  • RHM's Return On Assets of 5.36% is fine compared to the rest of the industry. RHM outperforms 72.22% of its industry peers.
  • RHM has a better Return On Equity (17.96%) than 68.52% of its industry peers.
  • RHM's Return On Invested Capital of 14.80% is amongst the best of the industry. RHM outperforms 87.04% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for RHM is above the industry average of 9.36%.
  • The 3 year average ROIC (11.89%) for RHM is below the current ROIC(14.80%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.36%
ROE 17.96%
ROIC 14.8%
ROA(3y)5.14%
ROA(5y)3.76%
ROE(3y)16.88%
ROE(5y)12.25%
ROIC(3y)11.89%
ROIC(5y)10.79%
RHM.DE Yearly ROA, ROE, ROICRHM.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • RHM's Profit Margin of 7.63% is fine compared to the rest of the industry. RHM outperforms 70.37% of its industry peers.
  • In the last couple of years the Profit Margin of RHM has grown nicely.
  • RHM has a better Operating Margin (13.41%) than 81.48% of its industry peers.
  • RHM's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 52.12%, RHM belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • RHM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.41%
PM (TTM) 7.63%
GM 52.12%
OM growth 3Y9.06%
OM growth 5Y12.72%
PM growth 3Y12.65%
PM growth 5Y6.54%
GM growth 3Y-1.05%
GM growth 5Y1.27%
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 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RHM is still creating some value.
  • The number of shares outstanding for RHM remains at a similar level compared to 1 year ago.
  • RHM has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, RHM has a worse debt to assets ratio.
RHM.DE Yearly Shares OutstandingRHM.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 5B 10B

2.2 Solvency

  • RHM has an Altman-Z score of 5.60. This indicates that RHM is financially healthy and has little risk of bankruptcy at the moment.
  • RHM has a Altman-Z score of 5.60. This is amongst the best in the industry. RHM outperforms 87.04% of its industry peers.
  • The Debt to FCF ratio of RHM is 25.05, which is on the high side as it means it would take RHM, 25.05 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 25.05, RHM is not doing good in the industry: 64.81% of the companies in the same industry are doing better.
  • RHM has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of RHM (0.26) is better than 75.93% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 25.05
Altman-Z 5.6
ROIC/WACC1.76
WACC8.43%
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 0 1B 2B 3B 4B

2.3 Liquidity

  • RHM has a Current Ratio of 1.14. This is a normal value and indicates that RHM is financially healthy and should not expect problems in meeting its short term obligations.
  • RHM has a Current ratio (1.14) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.49 indicates that RHM may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.49, RHM is doing worse than 77.78% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.49
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 2B 4B 6B 8B

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

9

3. Growth

3.1 Past

  • RHM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.07%, which is quite impressive.
  • RHM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.30% yearly.
  • RHM shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.61%.
  • The Revenue has been growing by 9.29% on average over the past years. This is quite good.
EPS 1Y (TTM)38.07%
EPS 3Y33.06%
EPS 5Y15.3%
EPS Q2Q%8.52%
Revenue 1Y (TTM)24.61%
Revenue growth 3Y19.89%
Revenue growth 5Y9.29%
Sales Q2Q%13.33%

3.2 Future

  • The Earnings Per Share is expected to grow by 47.18% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 30.02% on average over the next years. This is a very strong growth
EPS Next Y71.24%
EPS Next 2Y62.85%
EPS Next 3Y58.18%
EPS Next 5Y47.18%
Revenue Next Year23.18%
Revenue Next 2Y29.45%
Revenue Next 3Y31.6%
Revenue Next 5Y30.02%

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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • RHM is valuated quite expensively with a Price/Earnings ratio of 82.83.
  • Based on the Price/Earnings ratio, RHM is valued a bit more expensive than the industry average as 64.81% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 28.23. RHM is valued rather expensively when compared to this.
  • With a Price/Forward Earnings ratio of 37.92, RHM can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RHM is on the same level as its industry peers.
  • RHM's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 82.83
Fwd PE 37.92
RHM.DE Price Earnings VS Forward Price EarningsRHM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • RHM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. RHM is more expensive than 68.52% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of RHM indicates a slightly more expensive valuation: RHM is more expensive than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 754.97
EV/EBITDA 39.27
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

  • RHM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of RHM may justify a higher PE ratio.
  • A more expensive valuation may be justified as RHM's earnings are expected to grow with 58.18% in the coming years.
PEG (NY)1.16
PEG (5Y)5.42
EPS Next 2Y62.85%
EPS Next 3Y58.18%

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

4

5. Dividend

5.1 Amount

  • RHM has a yearly dividend return of 0.52%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.76, RHM has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.52, RHM pays less dividend than the S&P500 average, which is at 1.79.
Industry RankSector Rank
Dividend Yield 0.52%

5.2 History

  • On average, the dividend of RHM grows each year by 22.25%, which is quite nice.
Dividend Growth(5Y)22.25%
Div Incr Years1
Div Non Decr Years4
RHM.DE Yearly Dividends per shareRHM.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

  • 43.98% 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.
DP43.98%
EPS Next 2Y62.85%
EPS Next 3Y58.18%
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 0 200M 400M 600M 800M
RHM.DE Dividend Payout.RHM.DE Dividend Payout, showing the Payout Ratio.RHM.DE Dividend Payout.PayoutRetained Earnings

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RHEINMETALL AG

FRA:RHM (2/11/2026, 7:00:00 PM)

1592

-37 (-2.27%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-06
Earnings (Next)03-11
Inst Owners45.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap73.23B
Revenue(TTM)11.00B
Net Income(TTM)839.00M
Analysts83.2
Price Target2227.27 (39.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.52%
Yearly Dividend5.71
Dividend Growth(5Y)22.25%
DP43.98%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.21%
Min EPS beat(2)-23.31%
Max EPS beat(2)-3.11%
EPS beat(4)0
Avg EPS beat(4)-16.91%
Min EPS beat(4)-23.39%
Max EPS beat(4)-3.11%
EPS beat(8)0
Avg EPS beat(8)-24.24%
EPS beat(12)2
Avg EPS beat(12)-13.02%
EPS beat(16)4
Avg EPS beat(16)-12%
Revenue beat(2)0
Avg Revenue beat(2)-3.34%
Min Revenue beat(2)-3.95%
Max Revenue beat(2)-2.73%
Revenue beat(4)1
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-6.12%
Max Revenue beat(4)11.46%
Revenue beat(8)3
Avg Revenue beat(8)-0.93%
Revenue beat(12)3
Avg Revenue beat(12)-1.06%
Revenue beat(16)4
Avg Revenue beat(16)-0.92%
PT rev (1m)-0.44%
PT rev (3m)1.31%
EPS NQ rev (1m)0.37%
EPS NQ rev (3m)-2.7%
EPS NY rev (1m)-2.3%
EPS NY rev (3m)-7.97%
Revenue NQ rev (1m)-0.57%
Revenue NQ rev (3m)-3.96%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.51%
Valuation
Industry RankSector Rank
PE 82.83
Fwd PE 37.92
P/S 6.66
P/FCF 754.97
P/OCF 72.44
P/B 15.67
P/tB 38.42
EV/EBITDA 39.27
EPS(TTM)19.22
EY1.21%
EPS(NY)41.98
Fwd EY2.64%
FCF(TTM)2.11
FCFY0.13%
OCF(TTM)21.98
OCFY1.38%
SpS239.09
BVpS101.57
TBVpS41.43
PEG (NY)1.16
PEG (5Y)5.42
Graham Number209.58
Profitability
Industry RankSector Rank
ROA 5.36%
ROE 17.96%
ROCE 19.7%
ROIC 14.8%
ROICexc 15.99%
ROICexgc 26.61%
OM 13.41%
PM (TTM) 7.63%
GM 52.12%
FCFM 0.88%
ROA(3y)5.14%
ROA(5y)3.76%
ROE(3y)16.88%
ROE(5y)12.25%
ROIC(3y)11.89%
ROIC(5y)10.79%
ROICexc(3y)13.93%
ROICexc(5y)13.29%
ROICexgc(3y)21.41%
ROICexgc(5y)19.25%
ROCE(3y)16.31%
ROCE(5y)14.66%
ROICexgc growth 3Y12.63%
ROICexgc growth 5Y8.12%
ROICexc growth 3Y2.66%
ROICexc growth 5Y3.61%
OM growth 3Y9.06%
OM growth 5Y12.72%
PM growth 3Y12.65%
PM growth 5Y6.54%
GM growth 3Y-1.05%
GM growth 5Y1.27%
F-Score5
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 25.05
Debt/EBITDA 0.61
Cap/Depr 190.02%
Cap/Sales 8.31%
Interest Coverage 210.71
Cash Conversion 51.69%
Profit Quality 11.56%
Current Ratio 1.14
Quick Ratio 0.49
Altman-Z 5.6
F-Score5
WACC8.43%
ROIC/WACC1.76
Cap/Depr(3y)150.34%
Cap/Depr(5y)120.05%
Cap/Sales(3y)6.17%
Cap/Sales(5y)5.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.07%
EPS 3Y33.06%
EPS 5Y15.3%
EPS Q2Q%8.52%
EPS Next Y71.24%
EPS Next 2Y62.85%
EPS Next 3Y58.18%
EPS Next 5Y47.18%
Revenue 1Y (TTM)24.61%
Revenue growth 3Y19.89%
Revenue growth 5Y9.29%
Sales Q2Q%13.33%
Revenue Next Year23.18%
Revenue Next 2Y29.45%
Revenue Next 3Y31.6%
Revenue Next 5Y30.02%
EBIT growth 1Y32.76%
EBIT growth 3Y30.76%
EBIT growth 5Y23.18%
EBIT Next Year75.21%
EBIT Next 3Y53.32%
EBIT Next 5Y44.03%
FCF growth 1Y44.78%
FCF growth 3Y33.1%
FCF growth 5Y25.85%
OCF growth 1Y120.26%
OCF growth 3Y35.59%
OCF growth 5Y23.4%

RHEINMETALL AG / RHM.DE FAQ

What is the fundamental rating for RHM stock?

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


What is the valuation status for RHM stock?

ChartMill assigns a valuation rating of 2 / 10 to RHEINMETALL AG (RHM.DE). This can be considered as Overvalued.


Can you provide the profitability details for RHEINMETALL AG?

RHEINMETALL AG (RHM.DE) has a profitability rating of 8 / 10.


What is the financial health of RHEINMETALL AG (RHM.DE) stock?

The financial health rating of RHEINMETALL AG (RHM.DE) is 4 / 10.


Can you provide the dividend sustainability for RHM stock?

The dividend rating of RHEINMETALL AG (RHM.DE) is 4 / 10 and the dividend payout ratio is 43.98%.