RHEINMETALL AG (RHM.DE) Stock Fundamental Analysis

FRA:RHM • DE0007030009

1579.5 EUR
-12.5 (-0.79%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to RHM. RHM was compared to 54 industry peers in the Aerospace & Defense industry. While RHM has a great profitability rating, there are some minor concerns on its financial health. RHM is valued quite expensive, but it does show an excellent growth.


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.
  • Of the past 5 years RHM 4 years were 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 0 500M 1B 1.5B

1.2 Ratios

  • With a decent Return On Assets value of 5.36%, RHM is doing good in the industry, outperforming 72.22% of the companies in the same industry.
  • RHM has a Return On Equity of 17.96%. This is in the better half of the industry: RHM outperforms 68.52% of its industry peers.
  • The Return On Invested Capital of RHM (14.80%) is better than 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 Operating Margin of 13.41%. This is amongst the best in the industry. RHM outperforms 81.48% of its industry peers.
  • In the last couple of years the Operating Margin of RHM has grown nicely.
  • RHM's Gross Margin of 52.12% is amongst the best of the industry. RHM outperforms 83.33% of its industry peers.
  • 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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4

2. Health

2.1 Basic Checks

  • RHM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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

  • An Altman-Z score of 5.51 indicates that RHM is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 5.51, RHM belongs to the top of the industry, outperforming 87.04% of the companies in the same industry.
  • 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.
  • A Debt/Equity ratio of 0.26 indicates that RHM is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.26, RHM is doing good in the industry, outperforming 75.93% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 25.05
Altman-Z 5.51
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

  • A Current Ratio of 1.14 indicates that RHM should not have too much problems paying its short term obligations.
  • RHM has a Current ratio (1.14) which is in line with its industry peers.
  • A Quick Ratio of 0.49 indicates that RHM may have some problems paying its short term obligations.
  • RHM has a Quick ratio of 0.49. This is in the lower half of the industry: RHM underperforms 77.78% of its industry peers.
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.
  • The Earnings Per Share has been growing by 15.30% on average over the past years. This is quite good.
  • The Revenue has grown by 24.61% in the past year. This is a very strong growth!
  • RHM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.29% yearly.
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

  • RHM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.18% yearly.
  • RHM is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 30.02% yearly.
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

  • 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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 82.18, the valuation of RHM can be described as expensive.
  • RHM's Price/Earnings ratio is a bit more expensive when compared to the industry. RHM is more expensive than 64.81% of the companies in the same industry.
  • RHM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.67.
  • A Price/Forward Earnings ratio of 37.62 indicates a quite expensive valuation of RHM.
  • The rest of the industry has a similar Price/Forward Earnings ratio as RHM.
  • When comparing the Price/Forward Earnings ratio of RHM to the average of the S&P500 Index (27.69), we can say RHM is valued slightly more expensively.
Industry RankSector Rank
PE 82.18
Fwd PE 37.62
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

  • 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 68.52% of the companies listed 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 749.04
EV/EBITDA 38.4
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 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)1.15
PEG (5Y)5.37
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.
  • Compared to an average S&P500 Dividend Yield of 1.80, RHM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.52%

5.2 History

  • The dividend of RHM is nicely growing with an annual growth rate of 22.25%!
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

  • RHM pays out 43.98% 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.
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 (2/12/2026, 7:00:00 PM)

1579.5

-12.5 (-0.79%)

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 Cap72.66B
Revenue(TTM)11.00B
Net Income(TTM)839.00M
Analysts83.2
Price Target2227.27 (41.01%)
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 82.18
Fwd PE 37.62
P/S 6.61
P/FCF 749.04
P/OCF 71.87
P/B 15.55
P/tB 38.12
EV/EBITDA 38.4
EPS(TTM)19.22
EY1.22%
EPS(NY)41.98
Fwd EY2.66%
FCF(TTM)2.11
FCFY0.13%
OCF(TTM)21.98
OCFY1.39%
SpS239.09
BVpS101.57
TBVpS41.43
PEG (NY)1.15
PEG (5Y)5.37
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 5.51
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%.