Rheinmetall AG (RNMBF)
NEUTRALFundamental
61
Price
$1118.20
Market Cap
$52.71B
Part 1 · What the company is worth
Overview
Rheinmetall AG provides mobility and security technologies in Germany, Rest of Europe, North, Middle, and South America, Asia and the Near East, and internationally. The company operates through the Vehicle Systems, Weapon and Ammunition, and Electronic Solutions segments. Its Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles. The Weapon and Ammunition segment provides firepower and protection solutions, such as weapons and ammunition, protection systems, propellants, and international projects and services. Its Electronic Solutions segment offers a chain of systems network, such as sensors, networking platforms, automated connected effectors for soldiers, cyberspace protection solutions, and training and simulation solutions. The company's products include air defense, soldier, and fire control systems; radar technology; and command, control and reconnaissance systems, as well as simulations for the army, air force, navy, and civil applications. It also engages in the aftermarket activities. The company was formerly known as Rheinmetall Berlin AG and changed its name to Rheinmetall AG in 1996. Rheinmetall AG was founded in 1889 and is headquartered in Düsseldorf, Germany.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$10.43B
Trailing 12 months (through 6/30/2026)
Net Income
$715M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$643M
Total Equity
$4.97B
Total Liabilities
$2.98B
Current Ratio
1.00
Interest Coverage
-
Debt/EBITDA
1.29
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$779.98
Current Price
$1118.20
Margin of Safety
-43.4%
Fair Value Range
$506.99 - $1052.97
Estimation Methods
Valuation Metrics
P/E Ratio
43.26
ROE
25.7%
P/B Ratio
10.60
P/FCF
82.00
Gross Margin
52.2%
ROIC
16.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
16.4%
WACC
14.8%
ROIC − WACC
+1.6 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (12)
- Price CAGR 32.21%
- ROIC 16.4%
- Gross Margin 52.2%
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- ROE 14.4%
- Revenue Growth 5Y 12.9%
- Analyst Consensus 86% Buy
- Earnings Quality (OCF/NI) 1.28
- Net Margin Trend 10.3% vs 7.4%
Failed (6)
- P/FCF 82.00
- P/B Ratio 10.60
- CapEx intensity
- DCF valuation (Overvalued)
- Earnings Surprise avg -26.5%
- Piotroski F-Score 2/9
Unavailable (9)
- EPS data insufficient
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Armin Theodor Papperger | Chairman of the Executive Board & CEO | 62 |
| Mr. Klaus Jürgen Neumann | CFO & Member of Executive Board | 55 |
| Mr. Rene Gansauge | COO & Member of Executive Board | 52 |
| Dr. Vera Saal | CHRO, Director of Labor Relations & Member of Executive Board | 47 |
| Dirk Winkels | Head of Investor Relations | - |
| Michael Salzmann | Chief Compliance Officer | - |
| Dr. Rolf Giebeler MPA (Harvard) | Representative Director of Law & General Counsel | - |
| Dr. Philipp von Brandenstein | Head of Corporate Communications | - |
| Anika Giulia Marker | Investor Relations Manager | - |
Audit Risk
10
Board Risk
2
Compensation Risk
5
Shareholder Rights Risk
10
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for RNMBF, sourced from Markets Gazette.