Added to YB: 2026-08-11
Pitch date: 2026-08-07
RHM.DE [neutral]
Rheinmetall AG
-1.07%
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 53.5B
Pitch Price
EUR 1.2K
Price Target
N/A
Dividend
1.00%
EV/EBITDA
23.54
P/E
43.93
EV/Sales
5.00
Sector
Aerospace and Defense
Category
growth
Theodosian Capital | Stocks Update 7/8/2026 - RHM – Strong results, as expected
RHM.DE (holding update): H1 rev €5.2bn +39% YoY, op result €333m +74% (15% margin, 17.1% Q2 on operating leverage). Backlog €56bn→€80.5bn. Op FCF -€1.6bn on inventory/capex build. FY guide trimmed to €13.7-14.2bn (F126 frigate), ~19% margin target. 25.5x fwd P/E seen too cheap vs NATO spend +120% since 2022. Core long-term holding.
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