Aankondiging • Nov 14
Rational Ag Provides Earnings Guidance for the Fiscal Year 2025 Rational AG provided earnings guidance for the fiscal year 2025. For the year, the company is confident to reach sales guidance for fiscal year '25 at a growth rate in the mid-single-digit range, so at around 5%. Aankondiging • Mar 28
RATIONAL Aktiengesellschaft announces Annual dividend, payable on May 19, 2025 RATIONAL Aktiengesellschaft announced Annual dividend of EUR 15.0000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025. Aankondiging • Dec 18
RATIONAL Aktiengesellschaft to Report Fiscal Year 2024 Results on Mar 27, 2025 RATIONAL Aktiengesellschaft announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: €5.42 (up from €4.60 in 3Q 2023). Revenue: €294.2m (up 8.1% from 3Q 2023). Net income: €61.6m (up 18% from 3Q 2023). Profit margin: 21% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €907. The fair value is estimated to be €734, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Buy Or Sell Opportunity • Sep 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.7% to €875. The fair value is estimated to be €726, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Buy Or Sell Opportunity • Aug 08
Now 18% overvalued Over the last 90 days, the stock has fallen 1.9% to €788. The fair value is estimated to be €668, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €5.37 (up from €4.79 in 2Q 2023). Revenue: €294.8m (up 5.9% from 2Q 2023). Net income: €61.0m (up 12% from 2Q 2023). Profit margin: 21% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Jun 08
Rational AG Announces Supervisory Board and Audit Committee Changes Rational AG announced its succession plan included several new appointments to the Supervisory Board at the ordinary General Meeting of Shareholders on 8 May 2024. As planned, Dr. Maerz, after serving a little over 12 years, did not stand for re-election to the company’s Supervisory Board. The former Chair of the Audit Committee of Rational AG, Dr. Hans Maerz, no longer met this criterion due to his long tenure on the Supervisory Board. With a term of office exceeding 12 years, he was no longer considered independent according to the Code. The newly elected Supervisory Board member, Clarissa Käfer, is now the Chair of the Audit Committee. Alongside Ms Käfer, Dr. Christoph Lintz and Mr. Moritz Graser, son of Mr. Walter Kurtz, were also newly appointed to the company’s Supervisory Board. Walter Kurtz, Erich Baumgärtner, Werner Schwind and Dr. Johannes Würbser were confirmed as members of the board. The new composition of the Supervisory Board indicates a clear rejuvenation and an orderly generational shift. It is also the first time that a woman is part of the board. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: €4.94 (vs €4.55 in 1Q 2023) First quarter 2024 results: EPS: €4.94 (up from €4.55 in 1Q 2023). Revenue: €286.4m (up 1.4% from 1Q 2023). Net income: €56.1m (up 8.5% from 1Q 2023). Profit margin: 20% (up from 18% in 1Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 02
Upcoming dividend of €13.50 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 13 May 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.3%). Declared Dividend • Mar 29
Dividend of €13.50 announced Shareholders will receive a dividend of €13.50. Ex-date: 9th May 2024 Payment date: 13th May 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €18.98 (up from €16.33 in FY 2022). Revenue: €1.13b (up 10% from FY 2022). Net income: €215.8m (up 16% from FY 2022). Profit margin: 19% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 07
RATIONAL Aktiengesellschaft, Annual General Meeting, May 08, 2024 RATIONAL Aktiengesellschaft, Annual General Meeting, May 08, 2024. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: €4.60 (down from €4.73 in 3Q 2022). Revenue: €272.3m (flat on 3Q 2022). Net income: €52.3m (down 2.9% from 3Q 2022). Profit margin: 19% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Oct 26
RATIONAL AG Offers an Integrated Cleaner and Care Products as an Option for the iCombi Pro Tabletop Units With the iCareSystem AutoDose, RATIONAL now offers an integrated cleaning and reserve stock system as an option for the iCombi Pro tabletop units. Cleaner and care products are securely stocked in the cooking system in solid form, enabling autonomous cleaning, either at the push of a button or according to a cleaning schedule. Gone are the days when cleaning and care products had to be dosed by hand for each cleaning process or cleaning was forgotten altogether. The iCareSystem AutoDose starts either at a specific time, for example always after closing time, or at the push of a button whenever it fits into the daily routine. In the settings, the cleaning can be programmed separately for each day according to appliance usage or according to the weekly schedule. The iCombi Pro automatically retrieves the cleaning products in the required concentration from the cartridges. With iCareSystem AutoDose, employees no longer need to handle cleaning, Tumbrink continues, as it comes off their daily task list. This makes it all the more important not to lose sight of cleaning. Therefore, the iCombi Pro always keeps the user up to date and warns if, for example, the amount of cleaner product falls below a certain level or when cleaning is due. This information is displayed directly on the cooking system or via ConnectedCooking, the RATIONAL kitchen management system. The new cleaning system for the iCombi Pro tabletop units was officially launched at the Host trade fair in Milan on 13 October. Aankondiging • Oct 13
Rational Announces Product Launch Rational presented no less than three innovations at eight international events at its headquarters in Landsberg am Lech. The market leader in hot food preparation inspired around 800 dealers, service partners and other multipliers from around the world with its game changer iVario Pro, an innovation in the iCombi Pro, solutions that drive digitalisation in professional kitchens, and a world premiere. In doing so, Rational demonstrated the pioneering role it has played in the industry over the last 50 years. The first highlight of the international partner events celebrating the company's 50th anniversary was the presentation of the iCareSystem AutoDose - an integrated solid cleaner system as an option for the iCombi Pro tabletop units. Cleaner and care products are securely stored in solid form within the cooking system, enabling autonomous cleaning, either at the push of a button or according to a schedule. The new cleaning system is also the highlight of the Rational booth at Host, the international trade fair held in Milan in mid-October. In terms of digitalisation, Rational also remains true to its pioneering role, as it has for the past 20 years. For the first time on the market, there is now an automatic interface between ERP systems and the two cooking systems iCombi and iVario: cooking programs pre-stored in the system are sent to all networked iCombi and iVaries units within seconds and across all locations via the ConnectedCooking digital kitchen management system. This saves time and ensures uniform standards. Meanwhile, sustainable resource management based on automatic data analysis helps to use the cooking systems more efficiently, extend their service life, and save energy and costs. Service partners also benefit from AI-based data analyses and forecasts: Faults are detected more quickly; unforeseen system failures are avoided, and service calls are easier to plan. If necessary, this can also be done remotely. Reported Earnings • Aug 06
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: €4.79 (up from €3.05 in 2Q 2022). Revenue: €278.3m (up 20% from 2Q 2022). Net income: €54.4m (up 57% from 2Q 2022). Profit margin: 20% (up from 15% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: €4.55 (up from €3.19 in 1Q 2022). Revenue: €282.4m (up 25% from 1Q 2022). Net income: €51.7m (up 43% from 1Q 2022). Profit margin: 18% (up from 16% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • May 04
Upcoming dividend of €13.50 per share at 2.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Aankondiging • Jan 13
RATIONAL Aktiengesellschaft to Report Fiscal Year 2022 Results on Mar 28, 2023 RATIONAL Aktiengesellschaft announced that they will report fiscal year 2022 results on Mar 28, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: €4.73 (up from €3.33 in 3Q 2021). Revenue: €274.2m (up 33% from 3Q 2021). Net income: €53.8m (up 42% from 3Q 2021). Profit margin: 20% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 20% share price gain to €486, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 10x in the Machinery industry in Germany. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €512 per share. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: €3.19 (up from €2.15 in 1Q 2021). Revenue: €225.3m (up 34% from 1Q 2021). Net income: €36.2m (up 49% from 1Q 2021). Profit margin: 16% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 8.3%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 28
Upcoming dividend of €10.00 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (2.5%). Reported Earnings • Mar 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €10.88 (up from €7.05 in FY 2020). Revenue: €779.7m (up 20% from FY 2020). Net income: €123.7m (up 54% from FY 2020). Profit margin: 16% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €3.33 (vs €2.51 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €206.9m (up 23% from 3Q 2020). Net income: €37.8m (up 33% from 3Q 2020). Profit margin: 18% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €3.33 (vs €2.51 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €206.9m (up 23% from 3Q 2020). Net income: €37.8m (up 33% from 3Q 2020). Profit margin: 18% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Price Target Changed • Oct 18
Price target increased to €722 Up from €635, the current price target is an average from 8 analysts. New target price is 8.6% below last closing price of €790. Stock is up 12% over the past year. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS €3.50 (vs €0.10 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €211.6m (up 81% from 2Q 2020). Net income: €39.8m (up €38.6m from 2Q 2020). Profit margin: 19% (up from 1.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Price Target Changed • Jul 26
Price target increased to €609 Up from €563, the current price target is an average from 10 analysts. New target price is 34% below last closing price of €921. Stock is up 73% over the past year. Upcoming Dividend • May 06
Upcoming dividend of €4.80 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 17 May 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.1%). Is New 90 Day High Low • Feb 18
New 90-day high: €829 The company is up 15% from its price of €720 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €311 per share. Price Target Changed • Feb 06
Price target raised to €543 Up from €493, the current price target is an average from 8 analysts. The new target price is 34% below the current share price of €824. As of last close, the stock is up 20% over the past year. Is New 90 Day High Low • Jan 21
New 90-day high: €826 The company is up 22% from its price of €678 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €311 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €720 The company is up 42% from its price of €506 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €239 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 7.2% at €168.2m. Earnings per share (EPS) also surpassed analyst estimates by 54% at €2.50. Revenue is forecast to decline by -1.4% over the next year, while the growth in Machinery industry in Germany is expected to stay flat. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €93.8m, down 46% from the prior year. Total revenue was €697.3m over the last 12 months, down 16% from the prior year. 
