RHEINMETALL AG (RHM.DE) Fundamental Analysis & Valuation

FRA:RHM • DE0007030009

Current stock price

1362.8 EUR
+19.6 (+1.46%)
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

  • RHM had positive earnings in the past year.
  • In the past year RHM had a positive cash flow from operations.
  • 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.
  • Looking at the Return On Invested Capital, with a value of 15.65%, RHM belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for RHM is above the industry average of 9.92%.
  • The 3 year average ROIC (12.62%) for RHM is below the current ROIC(15.65%), indicating increased profibility in the last year.
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's Profit Margin of 7.00% is in line compared to the rest of the industry. RHM outperforms 48.21% of its industry peers.
  • In the last couple of years the Profit Margin of RHM has declined.
  • RHM has a better Operating Margin (16.54%) than 85.71% of its industry peers.
  • In the last couple of years the Operating Margin of RHM has grown nicely.
  • RHM's Gross Margin of 52.37% is amongst the best of the industry. RHM outperforms 82.14% of its industry peers.
  • RHM's Gross Margin has been stable in the last couple of years.
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.
  • Compared to 1 year ago, RHM has more shares outstanding
  • RHM has more shares outstanding than it did 5 years ago.
  • 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 4.65. This indicates that RHM is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of RHM (4.65) is better than 87.50% of its industry peers.
  • 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.
  • The Debt to FCF ratio of RHM (0.90) is better than 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 76.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 0.9
Altman-Z 4.65
ROIC/WACC2.08
WACC7.54%
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.
  • The Current ratio of RHM (1.20) is comparable to the rest of the industry.
  • A Quick Ratio of 0.68 indicates that RHM may have some problems paying its short term obligations.
  • The Quick ratio of RHM (0.68) is worse 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

  • The earnings per share for RHM have decreased by -1.45% in the last year.
  • 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

  • Based on estimates for the next years, RHM will show a very strong growth in Earnings Per Share. The EPS will grow by 52.50% on average per year.
  • RHM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 31.85% yearly.
EPS Next Y153.92%
EPS Next 2Y91.11%
EPS Next 3Y70.89%
EPS Next 5Y52.5%
Revenue Next Year34.37%
Revenue Next 2Y34.35%
Revenue Next 3Y32.78%
Revenue Next 5Y31.85%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 87.36 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 69.64% of the companies are valued more cheaply.
  • RHM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.91.
  • The Price/Forward Earnings ratio is 34.40, which means the current valuation is very expensive for RHM.
  • Based on the Price/Forward Earnings ratio, RHM is valued a bit more expensive than 62.50% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. RHM is valued rather expensively when compared to this.
Industry RankSector Rank
PE 87.36
Fwd PE 34.4
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

  • 69.64% of the companies in the same industry are cheaper than RHM, based on the Enterprise Value to EBITDA ratio.
  • 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 44.81
EV/EBITDA 29
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 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.
  • A more expensive valuation may be justified as RHM's earnings are expected to grow with 70.89% in the coming years.
PEG (NY)0.57
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

  • RHM has a yearly dividend return of 0.82%, which is pretty low.
  • In the last 3 months the price of RHM has falen by -24.60%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • RHM's Dividend Yield is comparable with the industry average which is at 0.88.
  • Compared to an average S&P500 Dividend Yield of 1.82, RHM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.82%

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 (4/29/2026, 12:58:18 PM)

1362.8

+19.6 (+1.46%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Industry Strength62.84
Industry Growth78.67
Earnings (Last)03-12
Earnings (Next)05-07
Inst Owners44.29%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap63.45B
Revenue(TTM)9.94B
Net Income(TTM)695.00M
Analysts82.22
Price Target2102.37 (54.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.82%
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 87.36
Fwd PE 34.4
P/S 6.39
P/FCF 44.81
P/OCF 27.73
P/B 12.67
P/tB 26.31
EV/EBITDA 29
EPS(TTM)15.6
EY1.14%
EPS(NY)39.61
Fwd EY2.91%
FCF(TTM)30.41
FCFY2.23%
OCF(TTM)49.14
OCFY3.61%
SpS213.38
BVpS107.6
TBVpS51.8
PEG (NY)0.57
PEG (5Y)N/A
Graham Number194.342 (-85.74%)
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 4.65
F-Score5
WACC7.54%
ROIC/WACC2.08
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 5Y52.5%
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 5Y31.85%
EBIT growth 1Y18.37%
EBIT growth 3Y30.87%
EBIT growth 5Y30.37%
EBIT Next Year82.94%
EBIT Next 3Y51.61%
EBIT Next 5Y40.43%
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.