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Rheinmetall AG (RHM.DE)

EUR975.80 -3.40 (-0.35%)
DE XETRA Industrials Aerospace & Defense
Address Rheinmetall Platz 1 40476
Düsseldorf, DE
CEO Armin Theodor Papperger
IPO 1998-08-05
ISIN DE0007030009

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Also trades on CBOE CA · RHM.NE (CAD) Deutsche Börse · RHM.DE (EUR) Other OTC · RNMBF (USD) Other OTC · RNMBY (USD) Swiss Exchange · RHM.SW (EUR)
Description

Globally, Rheinmetall AG is a technology group that delivers advanced solutions to both the mobility and security sectors. Its operations are structured into five distinct business units: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems division manufactures a wide array of specialized vehicles, encompassing combat, support, and logistical platforms. This includes armored tracked vehicles, chemical, biological, radiological, and nuclear (CBRN) defense systems, advanced turret systems, and both wheeled logistical and tactical transport vehicles. Within the Weapon and Ammunition segment, the focus is on delivering precise, effective, and threat-specific firepower and defensive capabilities. Their offerings comprise large and medium-bore weapons and their associated munitions, integrated weapon stations, comprehensive protection systems, and propellants and powders. The Electronic Solutions division specializes in networked system chains, integrating sensors, communication platforms, automated effectors for military personnel, and robust cyberspace protection. It also provides extensive training and simulation tools. Key products from this segment span air defense platforms, soldier-worn systems, command, control, and reconnaissance (C2R) systems, precision fire control systems, various sensors, and simulation technologies tailored for army, air force, naval, and civilian uses. Through its Sensors and Actuators unit, Rheinmetall supplies a diverse product range. This includes exhaust gas recirculation (EGR) systems, throttle valves, control dampers, and exhaust flaps designed for electromotors, as well as solenoid valves, and complete actuator and valve train systems. Additionally, they produce oil, water, and vacuum pumps for a broad spectrum of applications, from passenger cars and commercial vehicles to light and heavy-duty off-road machinery, alongside various industrial solutions. The Materials and Trade segment concentrates on developing fundamental engine components, such as engine blocks, structural parts, and cylinder heads. It also produces plain bearings, bushes, and a variety of replacement parts, actively engaging in the aftermarket sector. Founded in 1889 and headquartered in Düsseldorf, Germany, the company was initially known as Rheinmetall Berlin AG before adopting its current name, Rheinmetall AG, in 1996.

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
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR975.80 -3.40 (-0.35%)
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Volume Profile
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Liquidity & share structure
Average Volume
272.9K
Beta
0.43
Float Shares
46.42M
Free Float %
99.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.80% -18.13% -20.47% -26.29% -33.28% -27.28% -26.96% +336.36% +1,284.30% +1,819.54% +4,078.75%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
975.80
DCF (Levered) 1,028.19 +5.4%

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.

Ratings Trend (MoM) 73% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 12 +1
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.57
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +1.9% Q1'26: -15.9% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    -5.0% Q1'26: +24.6% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +19.0% Q1'26: -15.7% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +17.0% Q1'26: +9.1% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    +24.3% Q1'26: +7.7% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    0.59× Q1'26: 1.95× (vs Q1'25)
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 (0.42) × ERP
WACC = 98% × Ke + 2% × Kd (9.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 975.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

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

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
16 Rev. Ana.
9 EPS Ana.
Dec 2027
19 Rev. Ana.
17 EPS Ana.
Dec 2028
17 Rev. Ana.
13 EPS Ana.
Dec 2029
14 Rev. Ana.
11 EPS Ana.
Dec 2030
8 Rev. Ana.
5 EPS Ana.
Revenue
4.45B
est: 4.48B (-0.6%)
4.70B
est: 4.81B (-2.3%)
4.61B
est: 4.74B (-2.7%)
4.69B
est: 4.72B (-0.6%)
5.18B
est: 5.16B (+0.5%)
5.60B
est: 5.61B (-0.1%)
5.90B
est: 5.94B (-0.7%)
6.15B
est: 6.15B (0.0%)
6.26B
est: 6.26B (-0.2%)
5.88B
est: 5.89B (-0.3%)
5.66B
est: 5.71B (-0.9%)
6.41B
est: 6.43B (-0.4%)
7.18B
est: 8.13B (-11.7%)
9.75B
est: 9.98B (-2.3%)
9.94B
est: 10.17B (-2.3%)
14.16B
13.81B – 14.32B
+39.2% YoY
19.25B
18.17B – 20.56B
+36.0% YoY
25.60B
25.43B – 25.77B
+33.0% YoY
33.47B
32.04B – 34.93B
+30.7% YoY
42.56B
40.75B – 44.43B
+27.2% YoY
EBITDA
520.00M
est: 400.40M (+29.9%)
494.00M
est: 473.88M (+4.2%)
255.00M
est: 400.11M (-36.3%)
312.00M
est: 238.31M (+30.9%)
462.00M
est: 236.26M (+95.5%)
557.00M
est: 413.11M (+34.8%)
586.00M
est: 515.52M (+13.7%)
762.00M
est: 568.16M (+34.1%)
764.00M
est: 771.28M (-0.9%)
644.00M
est: 701.57M (-8.2%)
850.00M
est: 771.58M (+10.2%)
960.00M
est: 829.33M (+15.8%)
1.23B
est: 1.42B (-13.1%)
1.77B
est: 1.74B (+1.5%)
2.19B
est: 1.78B (+23.2%)
2.47B
2.41B – 2.50B
+39.2% YoY
3.36B
3.17B – 3.59B
+36.0% YoY
4.47B
4.44B – 4.50B
+33.0% YoY
5.85B
5.60B – 6.10B
+30.7% YoY
7.44B
7.12B – 7.76B
+27.2% YoY
EBIT
360.00M
est: 310.06M (+16.1%)
300.00M
est: 361.05M (-16.9%)
123.00M
est: 277.53M (-55.7%)
104.00M
est: 80.43M (+29.3%)
290.00M
est: 85.41M (+239.5%)
330.00M
est: 298.96M (+10.4%)
366.00M
est: 363.83M (+0.6%)
487.00M
est: 391.90M (+24.3%)
486.00M
est: 502.65M (-3.3%)
394.00M
est: 468.34M (-15.9%)
613.00M
est: 515.08M (+19.0%)
711.00M
est: 553.63M (+28.4%)
869.00M
est: 1.07B (-18.8%)
1.36B
est: 1.31B (+3.9%)
1.69B
est: 1.34B (+26.1%)
1.86B
1.82B – 1.88B
+39.2% YoY
2.53B
2.39B – 2.71B
+36.0% YoY
3.37B
3.35B – 3.39B
+33.0% YoY
4.40B
4.22B – 4.60B
+30.7% YoY
5.60B
5.36B – 5.85B
+27.2% YoY
Net Income
225.00M
est: 180.68M (+24.5%)
190.00M
est: 228.88M (-17.0%)
29.00M
est: 186.32M (-84.4%)
18.00M
est: 28.80M (-37.5%)
151.00M
est: 19.97M (+656.3%)
200.00M
est: 164.16M (+21.8%)
224.00M
est: 212.15M (+5.6%)
305.00M
est: 232.24M (+31.3%)
335.00M
est: 310.34M (+7.9%)
1.00M
est: 317.60M (-99.7%)
291.00M
est: 349.29M (-16.7%)
474.00M
est: 467.00M (+1.5%)
535.00M
est: 701.09M (-23.7%)
717.00M
est: 995.87M (-28.0%)
696.00M
est: 1.27B (-45.4%)
1.77B
1.74B – 1.81B
+39.3% YoY
2.42B
2.15B – 3.09B
+36.4% YoY
3.38B
3.22B – 4.06B
+39.7% YoY
4.70B
4.44B – 4.97B
+39.1% YoY
5.72B
5.40B – 6.05B
+21.7% YoY
SGA
1.26B
est: 1.77B (-28.6%)
317.00M
est: 1.83B (-82.7%)
188.00M
est: 1.84B (-89.8%)
200.00M
est: 1.81B (-88.9%)
216.00M
est: 2.23B (-90.3%)
222.00M
est: 2.27B (-90.2%)
176.00M
est: 2.31B (-92.4%)
182.00M
est: 2.37B (-92.3%)
178.00M
est: 2.39B (-92.6%)
163.00M
est: 2.33B (-93.0%)
158.00M
est: 2.56B (-93.8%)
234.00M
est: 2.76B (-91.5%)
264.00M
est: 269.99M (-2.2%)
319.00M
est: 331.08M (-3.6%)
319.00M
est: 337.63M (-5.5%)
470.13M
458.60M – 475.49M
+39.2% YoY
639.29M
603.47M – 682.66M
+36.0% YoY
850.10M
844.40M – 855.80M
+33.0% YoY
1.11B
1.06B – 1.16B
+30.7% YoY
1.41B
1.35B – 1.48B
+27.2% YoY
EPS
5.55
est: 5.35 (+3.7%)
4.55
est: 4.86 (-6.4%)
0.75
est: 1.14 (-34.2%)
0.47
est: 0.84 (-44.2%)
3.88
est: 3.81 (+1.8%)
4.69
est: 4.44 (+5.7%)
5.24
est: 5.12 (+2.3%)
7.10
est: 6.46 (+9.9%)
7.78
est: 7.03 (+10.6%)
0.02
est: 5.43 (-99.6%)
6.72
est: 8.01 (-16.1%)
10.93
est: 10.87 (+0.5%)
12.88
est: 15.01 (-14.2%)
16.51
est: 21.33 (-22.6%)
15.38
est: 27.29 (-43.6%)
38.04
37.38 – 38.70
+39.4% YoY
55.90
45.97 – 66.23
+47.0% YoY
77.79
69.00 – 87.03
+39.1% YoY
100.79
95.21 – 106.52
+29.6% YoY
122.61
115.82 – 129.58
+21.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B 3/5 4/5 4/5 4/5 2/5 1/5 1/5
2026-05-07 B 3/5 4/5 4/5 4/5 2/5 1/5 1/5
2026-05-06 B 3/5 4/5 4/5 4/5 2/5 1/5 1/5
2026-05-05 B 3/5 4/5 4/5 4/5 2/5 1/5 1/5
2026-05-04 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-30 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-29 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-28 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-27 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-24 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-23 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-22 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-21 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-20 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-17 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-16 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5
2026-04-15 B- 3/5 3/5 4/5 4/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-916.84M
OE per share TTM
-19.82
Owner's Yield
-1.63%
Maintenance CapEx ratio
210.71%
Maint CapEx / Avg PPE
22.9%

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.

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
57.2K
Shares Outstanding
46.54M

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
Armin Theodor Papperger Chairman of the Executive Board & Chief Executive Officer 6M male
Rene Gansauge Chief Operating Officer & Member of Executive Board 2M male
Klaus Jürgen Neumann Chief Financial Officer & Member of Executive Board 2M male
Vera Saal CHRO, Director of Labor Relations & Member of Executive Board 926.0K female
Rolf Giebeler Representative Director of Law & General Counsel
Michael Salzmann Chief Compliance Officer
Dirk Winkels Head of Investor Relations
Anika Giulia Marker Investor Relations Manager
Philipp von Brandenstein Head of Corporate Communications
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