Rheinmetall AG (RNMBF)
OvervaluedFundamental
61
Price
$1019.00
Market Cap
$50.88B
Part 1 · What the company is worth
Overview
Rheinmetall AG provides mobility and security technologies in Germany, Rest of Europe, North, Middle, and South America, Asia and the Near East, and internationally. The company operates through the Vehicle Systems, Weapon and Ammunition, and Electronic Solutions segments. Its Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles. The Weapon and Ammunition segment provides firepower and protection solutions, such as weapons and ammunition, protection systems, propellants, and international projects and services. Its Electronic Solutions segment offers a chain of systems network, such as sensors, networking platforms, automated connected effectors for soldiers, cyberspace protection solutions, and training and simulation solutions. The company's products include air defense, soldier, and fire control systems; radar technology; and command, control and reconnaissance systems, as well as simulations for the army, air force, navy, and civil applications. It also engages in the aftermarket activities. The company was formerly known as Rheinmetall Berlin AG and changed its name to Rheinmetall AG in 1996. Rheinmetall AG was founded in 1889 and is headquartered in Düsseldorf, Germany.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$10.43B
Trailing 12 months (through 6/30/2026)
Net Income
$715M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$643M
Total Equity
$4.97B
Total Liabilities
$2.98B
Current Ratio
1.00
Interest Coverage
-
Debt/EBITDA
1.29
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$742.39
Current Price
$1019.00
Margin of Safety
-37.3%
Fair Value Range
$482.55 - $1002.23
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
42.34
ROE
25.7%
P/B Ratio
10.23
P/FCF
79.15
Gross Margin
52.2%
ROIC
16.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
16.4%
WACC
15.4%
ROIC − WACC
+0.9 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (11)
- Price CAGR 30.64%
- ROIC 16.4%
- Gross margin 52.2%
- Debt/equity ratio
- Positive free cash flow
- Current ratio
- Debt/EBITDA
- ROE 14.4%
- Revenue growth 5Y 12.9%
- Earnings quality (operating cash flow / net income) 1.28
- Net margin trend 10.3% vs 7.4%
Failed (6)
- P/FCF 79.15
- P/B ratio 10.23
- CapEx intensity
- DCF valuation (Overvalued)
- Earnings surprise, average -26.5%
- Piotroski F-Score 2/9
Unavailable (9)
- EPS data insufficient
- Dividend payout –
- Operating margin –
- Interest coverage
- Return on tangible assets
- Low reliance on intangibles
- Price below Graham Number
- PEG ratio (needs P/E > 0 and growth > 0)
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Armin Theodor Papperger | Chairman of the Executive Board & CEO | 62 |
| Mr. Klaus Jürgen Neumann | CFO & Member of Executive Board | 55 |
| Mr. Rene Gansauge | COO & Member of Executive Board | 52 |
| Dr. Vera Saal | CHRO, Director of Labor Relations & Member of Executive Board | 47 |
| Dirk Winkels | Head of Investor Relations | - |
| Michael Salzmann | Chief Compliance Officer | - |
| Dr. Rolf Giebeler MPA (Harvard) | Representative Director of Law & General Counsel | - |
| Dr. Philipp von Brandenstein | Head of Corporate Communications | - |
| Anika Giulia Marker | Investor Relations Manager | - |
Audit Risk
10
Board Risk
2
Compensation Risk
5
Shareholder Rights Risk
10
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much RNMBF moves, measured on its daily prices.
More volatile than 76% of the tracked stocks (90-day volatility).
- Volatility 30d
- 37.2%
- Volatility 90d
- 51.8%
- Beta vs S&P 500 (1y)
- 0.22Correlation 0.06
- Max drawdown (12m)
- -51.8%
- ATR (14d, % of price)
- 3.66%
Earnings reactions
How RNMBF moved around its past quarterly results.
Next earnings release
Nov 5, 2026 · In 12 days · Time not known
EPS estimate: 7.00Revenue estimate: $3.2B
What usually happens
- Not enough releases with data yet: we have 0, we need at least 4.
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on RNMBF and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for RNMBF.