Added to YB: 2025-04-23
Pitch date: 2025-04-21
RHM.DE [bullish]
Rheinmetall AG
+10.9%
current return
Author Info
Ex L/S Hedge Fund. Actionable investment ideas & write-ups on GARP and Value. Sector generalist / focus on multi-year theses. Sign up for the newsletter.
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 69.7B
Pitch Price
EUR 1.5K
Price Target
3.0K (+86%)
Dividend
0.53%
EV/EBITDA
37.11
P/E
80.67
EV/Sales
6.55
Sector
Aerospace and Defense
Category
growth
Aerospace & Defense GARP with >100% upside - Rheinmetall AG
RHM.DE: German defense leader positioned for EU rearmament as spending shifts from 2% to 3-3.5% GDP by 2030. Minimal US tariff risk, strong EU ties (77% sales). CEO targets €40bn 2030 sales, €150 EPS (vs €29.8bn consensus). Core segments: Vehicles, Weapons (30-35% growth), Electronic Solutions (35-40%). PT €3,000 (15.3% IRR) at 20x 2030 PE.
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