Added to YB: 2026-10-14
Pitch date: 2026-10-12
RHM.DE [bullish]
Rheinmetall AG
+7.21%
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 43.8B
Pitch Price
EUR 957.00
Price Target
N/A
Dividend
1.22%
EV/EBITDA
19.55
P/E
35.99
EV/Sales
4.15
Sector
Aerospace and Defense
Category
value
Rheinmetall: Record Backlog, Share Halved
RHM.DE (update): Rheinmetall trades below €1,000 and at roughly 21x forward earnings despite €80.5B of backlog, including €56B fixed, with valuation implying only low-single-digit growth beyond 2027. A proposed Boxer contract could add €12.4B of fixed 2029-2030 orders. Near-term risks are the 2027 German ammunition budget vote and negative €1.6B first-half 2026 free cash flow; longer term, expanding ammunition capacity could pressure margins.
Read full article (3 min)