Added to YB: 2026-08-10
Pitch date: 2026-08-06
RHM.DE [neutral]
Rheinmetall AG
-1.09%
current return
Author Info
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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 54.1B
Pitch Price
EUR 1.2K
Price Target
N/A
Dividend
0.99%
EV/EBITDA
23.79
P/E
44.42
EV/Sales
5.05
Sector
Aerospace and Defense
Category
growth
Rheinmetall (RHM Germany): Strong execution continues as record backlog supports years of growth
RHM.DE (update): Q2 rev €3.29B (+69% YoY), op profit €562M beat est, 17.1% margin. Every division outperformed; Naval Systems consolidated first time. Orders €11.4B, backlog >€80B. Guides 28-31% organic growth; reported rev narrowed to €13.7-14.2B on F1 naval removal (~€300M headwind), but 19% margin target unchanged. FCF sharply negative on working capital ramp. Watch further air defence/mobility awards.
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