Added to YB: 2026-03-11
Pitch date: 2026-03-08
RHM.DE [neutral]
Rheinmetall AG
-1.96%
current return
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 73.1B
Pitch Price
EUR 1.6K
Price Target
N/A
Dividend
0.51%
EV/EBITDA
38.84
P/E
84.55
EV/Sales
6.86
Sector
Aerospace and Defense
Category
growth
Rheinmetall: future European arms giant?
RHM.DE (deep dive): European defense leader w/ €9.7B rev (+106% since 2022), 5 divisions: Vehicle Systems (39% rev, Leopard/Lynx tanks), Arms/Ammo (26%, 50-60% EU shell production), Air Defense (€800M, Skynex at €70M vs €400M missile systems), Naval (€5B backlog via Lürssen acquisition), Digital (F-35 program + €15B satellite/ISR potential). CEO Papperger centralized strategy, expanding via JVs in Italy (€20B+ tank deal), Romania, Ukraine. Targeting €2B US rev by 2027 (Lockheed missile partnership, 10K/yr capacity). Key risks: MGCS/KNDS tensions, France closed market, geopolitical cycle dependence. Stock +82% CAGR 5yr vs Nvidia 70%.
Read full article (14 min)