RHEINMETALL AG (RHM.DE) Fundamental Analysis & Valuation

FRA:RHM • DE0007030009

Current stock price

1426.8 EUR
-4.2 (-0.29%)
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.
  • 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's Return On Assets of 4.14% is in line compared to the rest of the industry. RHM outperforms 57.14% of its industry peers.
  • The Return On Equity of RHM (13.87%) is comparable to the rest of the industry.
  • With an excellent Return On Invested Capital value of 15.65%, RHM belongs to the best 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 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 has a Profit Margin of 7.00%. This is comparable to the rest of the industry: RHM outperforms 50.00% of its industry peers.
  • In the last couple of years the Profit Margin of RHM has declined.
  • RHM's Operating Margin of 16.54% is amongst the best of the industry. RHM outperforms 85.71% of its industry peers.
  • In the last couple of years the Operating Margin of RHM has grown nicely.
  • RHM has a better Gross Margin (52.37%) than 80.36% 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

  • RHM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, RHM has more shares outstanding
  • The number of shares outstanding for RHM has been increased compared to 5 years ago.
  • 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 4.86 indicates that RHM is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.86, RHM belongs to the top of the industry, outperforming 83.93% of the companies in the same industry.
  • 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 better Debt to FCF ratio (0.90) than 94.64% of its industry peers.
  • A Debt/Equity ratio of 0.23 indicates that RHM is not too dependend on debt financing.
  • 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 4.86
ROIC/WACC2.03
WACC7.71%
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.
  • A Quick Ratio of 0.68 indicates that RHM may have some problems paying its short term obligations.
  • RHM's Quick ratio of 0.68 is on the low side compared to the rest of the industry. RHM is outperformed by 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.
  • Looking at the last year, RHM shows a small growth in Revenue. The Revenue has grown by 1.89% in the last 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

  • RHM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 54.36% yearly.
  • The Revenue is expected to grow by 31.75% on average over the next years. This is a very strong growth
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.
  • 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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4

4. RHM.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 91.46 indicates a quite expensive valuation of RHM.
  • 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 27.66, RHM is valued quite expensively.
  • A Price/Forward Earnings ratio of 36.02 indicates a quite expensive valuation of 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 38.00. RHM is around the same levels.
Industry RankSector Rank
PE 91.46
Fwd PE 36.02
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

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.
  • RHM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 46.92
EV/EBITDA 30.9
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.
  • RHM has a very decent profitability rating, which 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)0.59
PEG (5Y)N/A
EPS Next 2Y91.11%
EPS Next 3Y70.89%

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

4

5. RHM.DE Dividend Analysis

5.1 Amount

  • RHM has a yearly dividend return of 0.77%, which is pretty low.
  • In the last 3 months the price of RHM has falen by -21.80%. 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 0.73.
  • 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

  • The dividend of RHM is nicely growing with an annual growth rate of 27.94%!
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 (4/22/2026, 1:57:19 PM)

1426.8

-4.2 (-0.29%)

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 Cap66.43B
Revenue(TTM)9.94B
Net Income(TTM)695.00M
Analysts82.22
Price Target2102.37 (47.35%)
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 91.46
Fwd PE 36.02
P/S 6.69
P/FCF 46.92
P/OCF 29.03
P/B 13.26
P/tB 27.54
EV/EBITDA 30.9
EPS(TTM)15.6
EY1.09%
EPS(NY)39.61
Fwd EY2.78%
FCF(TTM)30.41
FCFY2.13%
OCF(TTM)49.14
OCFY3.44%
SpS213.38
BVpS107.6
TBVpS51.8
PEG (NY)0.59
PEG (5Y)N/A
Graham Number194.342 (-86.38%)
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 4.86
F-Score5
WACC7.71%
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 4 / 10 to RHEINMETALL AG (RHM.DE). This can be considered as Fairly Valued.


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.