Added to YB: 2026-08-19
Pitch date: 2026-08-17
RHM.DE [neutral]
Rheinmetall AG
Author Info
No bio for this author
Company Info
Rheinmetall AG provides mobility and security technologies in Germany, Rest of Europe, North, Middle, and South America, Asia and the Near East, and internationally.
Market Cap
EUR 56.1B
Pitch Price
N/A
Price Target
1.9K
Dividend
0.96%
EV/EBITDA
24.61
P/E
46.06
EV/Sales
5.22
Sector
Aerospace and Defense
Category
value
$RHM valuation
RHM.DE (overview): DCF intrinsic value €1,946 vs current price, implying 38% discount, ~17% annual alpha over 3yrs. FY25 rev €9.94B (record), backlog €73-80B, mgmt guides €50B sales by 2030 (author models ~€44B). 33.6% 5Y growth, EBITDA margin to 26%, WACC 8.5%. Normalized P/E 44. Risks: 85% of EV from terminal value, gov't-erected moat vulnerable to peace/budget cuts, capacity ramp execution risk. NATO 3.5% GDP defense tailwind.
Read full article (6 min)