RHEINMETALL AG (RHM.DE) Stock Fundamental Analysis

FRA:RHM • DE0007030009

1663.5 EUR
-10.5 (-0.63%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, RHM scores 6 out of 10 in our fundamental rating. RHM was compared to 49 industry peers in the Aerospace & Defense industry. RHM scores excellent on profitability, but 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.
  • RHM had a positive operating cash flow in the past year.
  • 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

  • Looking at the Return On Assets, with a value of 5.36%, RHM is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • RHM's Return On Equity of 17.96% is fine compared to the rest of the industry. RHM outperforms 65.31% of its industry peers.
  • RHM has a better Return On Invested Capital (14.80%) than 83.67% of its industry peers.
  • RHM had an Average Return On Invested Capital over the past 3 years of 11.89%. This is in line with the industry average of 9.90%.
  • 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 69.39% of its industry peers.
  • In the last couple of years the Profit Margin of RHM has grown nicely.
  • RHM's Operating Margin of 13.41% is fine compared to the rest of the industry. RHM outperforms 77.55% of its industry peers.
  • In the last couple of years the Operating Margin of RHM has grown nicely.
  • RHM has a Gross Margin of 52.12%. This is amongst the best in the industry. RHM outperforms 87.76% 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 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.
  • RHM has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, RHM has more shares outstanding
  • The debt/assets ratio for RHM is higher 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 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 5.69. This indicates that RHM is financially healthy and has little risk of bankruptcy at the moment.
  • RHM has a better Altman-Z score (5.69) than 85.71% 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.
  • Looking at the Debt to FCF ratio, with a value of 25.05, RHM is doing worse than 71.43% of the companies in the same industry.
  • RHM has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • RHM has a better Debt to Equity ratio (0.26) than 79.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 25.05
Altman-Z 5.69
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 of 1.14. This is comparable to the rest of the industry: RHM outperforms 44.90% of its industry peers.
  • A Quick Ratio of 0.49 indicates that RHM may have some problems paying its short term obligations.
  • RHM's Quick ratio of 0.49 is on the low side compared to the rest of the industry. RHM is outperformed by 83.67% 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

  • The Earnings Per Share has grown by an impressive 38.07% over the past year.
  • RHM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.30% yearly.
  • Looking at the last year, RHM shows a very strong growth in Revenue. The Revenue has grown by 24.61%.
  • Measured over the past years, RHM shows a quite strong growth in Revenue. The Revenue has been growing by 9.29% on average per year.
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

  • Based on estimates for the next years, RHM will show a very strong growth in Earnings Per Share. The EPS will grow by 46.47% 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 26.29% on average per year.
EPS Next Y71.24%
EPS Next 2Y62.85%
EPS Next 3Y58.18%
EPS Next 5Y46.47%
Revenue Next Year10.64%
Revenue Next 2Y21.94%
Revenue Next 3Y26.73%
Revenue Next 5Y26.29%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

  • With a Price/Earnings ratio of 86.55, RHM can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of RHM indicates a slightly more expensive valuation: RHM is more expensive than 67.35% of the companies listed in the same industry.
  • RHM is valuated expensively when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 39.62, which means the current valuation is very expensive for RHM.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of RHM is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of RHM to the average of the S&P500 Index (28.05), we can say RHM is valued slightly more expensively.
Industry RankSector Rank
PE 86.55
Fwd PE 39.62
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

  • Based on the Enterprise Value to EBITDA ratio, RHM is valued a bit more expensive than the industry average as 63.27% of the companies are valued more cheaply.
  • RHM's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. RHM is more expensive than 73.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF 788.87
EV/EBITDA 40.08
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.
  • RHM has an outstanding profitability rating, which may justify a higher PE ratio.
  • RHM's earnings are expected to grow with 58.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.21
PEG (5Y)5.66
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

  • With a yearly dividend of 0.48%, RHM is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.77, RHM has a dividend in line with its industry peers.
  • 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 0.48%

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

  • RHM pays out 43.98% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of RHM is growing, but earnings are growing more, so the dividend growth is 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 (2/27/2026, 7:00:00 PM)

1663.5

-10.5 (-0.63%)

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 Cap76.52B
Revenue(TTM)11.00B
Net Income(TTM)839.00M
Analysts82.22
Price Target2171.58 (30.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.48%
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)-2.73%
PT rev (3m)-1.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.16%
Revenue NQ rev (1m)-18.59%
Revenue NQ rev (3m)-19.06%
Revenue NY rev (1m)-10.18%
Revenue NY rev (3m)-12.21%
Valuation
Industry RankSector Rank
PE 86.55
Fwd PE 39.62
P/S 6.96
P/FCF 788.87
P/OCF 75.69
P/B 16.38
P/tB 40.15
EV/EBITDA 40.08
EPS(TTM)19.22
EY1.16%
EPS(NY)41.98
Fwd EY2.52%
FCF(TTM)2.11
FCFY0.13%
OCF(TTM)21.98
OCFY1.32%
SpS239.09
BVpS101.57
TBVpS41.43
PEG (NY)1.21
PEG (5Y)5.66
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 5.69
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 5Y46.47%
Revenue 1Y (TTM)24.61%
Revenue growth 3Y19.89%
Revenue growth 5Y9.29%
Sales Q2Q%13.33%
Revenue Next Year10.64%
Revenue Next 2Y21.94%
Revenue Next 3Y26.73%
Revenue Next 5Y26.29%
EBIT growth 1Y32.76%
EBIT growth 3Y30.76%
EBIT growth 5Y23.18%
EBIT Next Year68.36%
EBIT Next 3Y49.97%
EBIT Next 5Y41.95%
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%.