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Rath AG (RAT.VI)

EUR26.80 +0.80 (+3.08%)
AT VIE Industrials Construction
Address Walfischgasse 14 1010
Vienna, AT
CEO Andreas Pfneiszl
IPO 1989-12-20
ISIN AT0000767306

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Description

RATH Aktiengesellschaft, an Austrian firm established in Vienna in 1891 and a subsidiary of Rath Holding GmbH, specializes in the global manufacturing and distribution of refractory materials. The company serves markets across Europe, Africa, the Middle East, the Americas, and the Asia Pacific region. Their extensive product catalog encompasses various dense bricks, such as acid-resistant, fireclay, high-alumina, sillimanite/andalusite, corundum, and silicon carbide types, identified by brand names like Acrath, Suprath, Durrath, Alurath, Silrath, Korrath, and Sicrath. Additionally, Rath AG supplies a wide selection of concretes – including dense, insulating, cement-free, ultra-low, and low cement varieties – along with mortars, adhesives, and plastic castables, marketed under brands such as Carath, Porrathin, Carathplast, Carathin, and Kerathin. Further offerings in their portfolio include pre-cast blocks (Carathform, Vibrorath), insulating fire bricks (Porrath, Ratherm, Porrathin), high-temperature insulation wool (Altra, Alsitra, Calsitra), and various vacuum-formed products (Altraform, Kerform, Evac, Newvac, Filtrath, Ultiform, ACS ALTRA). Complementing these material solutions, the company provides essential services such as project planning, installation, construction site oversight, and maintenance and repair. These refractory products are critical for applications in a diverse range of industries, including iron and steel, aluminum, glass manufacturing, specialized furnaces, hot-gas filtration, ceramics, energy, fuels and chemicals, and residential heating systems.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
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Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
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Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR26.80 +0.80 (+3.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
15
Beta
-0.04
Float Shares
217.5K
Free Float %
14.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% +19.05% +13.64% +8.70% +13.64% +4.17% -15.54% -10.71% +44.09% +323.73%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

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Revenue composition

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Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
26.80
DCF (Unlevered) 12.39 -53.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
2.71
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Operational MOAT
✗ Below peers
  • Revenue growth Construction: +2.5%
    -15.3% Q4'25: -22.1% (vs Q4'23)
  • EPS growth Construction: +11.1%
    -532.3% Q4'25: -434.2% (vs Q4'23)
  • FCF margin FCF growth · Construction: +30.9%
    -2.2% Q4'25: +4.6% (vs Q4'23)
  • EBIT margin Construction: +8.5%
    -5.9% Q4'25: -7.0% (vs Q4'23)
  • ROIC Construction: +6.4%
    -6.4% Q4'25: -10.7% (vs Q4'23)
  • Share dilution Construction: +0.4%
    +0.0% Q4'25: -0.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Construction: 0.05×
    96.20× Q4'25: -28.01× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.07) × ERP
WACC = 43% × Ke + 57% × Kd (9.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 12.39 Current price: 26.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-18 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-13 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-12 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-21.23M
OE per share TTM
-14.16
Owner's Yield
-56.62%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
48.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-9.3K
Shares Outstanding
1.50M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andreas Pfneiszl CEO & Member of Executive Board 297.0K male
Binder-Krieglstein Thomas Head of Group Marketing & Communications male
Christian Morawetz Chief Operating Officer
Christine Wittmann Head of Group Human Resources female
Claudia Zechner Head of Finance
John Morgan Head of Group Customer Service male
Koberg Werner Head of Group Information Technology male
Richard Jager Head of Sales Metals, Fuels, Chemicals & Energy male
Robert Nusszer Head of Sales Glass male
Alexander Juttner Head of Sales Ceramics & Special Furnaces male
Schneeberger Doris Head of Group Quality Management female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits