Added to YB: 2026-05-12
Pitch date: 2026-05-08
RHM.DE [neutral]
Rheinmetall AG
-3.11%
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 56.7B
Pitch Price
EUR 1.2K
Price Target
N/A
Dividend
0.94%
EV/EBITDA
27.18
P/E
53.78
EV/Sales
5.77
Sector
Aerospace and Defense
Category
growth
Theodosian Capital | Stocks Update 8/5/2026 - RHM – Q1 results a preview of the main event
RHM.DE (earnings): Q1 rev €1.9bn (+8% YoY) below expectations, but order backlog surged to record €73bn (+€17bn YoY). Operating result +17% to €224m (11.6% margin). FY guidance reaffirmed: €14.0-14.5bn sales, ~19% op margin. Expanding Naval Systems via Romania/Germany yards. 50% Bundeswehr drone share, cruise missile JV production starts 2026. Middle East demand driving stock replenishment. Shares -19% YTD on order delay fears & Ukraine peace hopes. Trading 22.7x 2027 EPS, 1.9% yield—cheap given multi-year Western defense spending growth.
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