Rheinmetall AG

SWX:RHM Stock Report

Market Cap: CHF22.4b

Rheinmetall Valuation

Is RHM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RHM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RHM (CHF348) is trading below our estimate of fair value (CHF755.18)

Significantly Below Fair Value: RHM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RHM?

Other financial metrics that can be useful for relative valuation.

RHM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.4x
Enterprise Value/EBITDA22.5x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does RHM's PE Ratio compare to its peers?

The above table shows the PE ratio for RHM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.6x
SCHN Schindler Holding
27.7x5.4%CHF24.8b
GEBN Geberit
29.1x3.6%CHF18.0b
VACN VAT Group
72.1x21.2%CHF13.7b
ABBN ABB
25.6x8.3%CHF84.6b
RHM Rheinmetall
39.7x24.5%CHF23.0b

Price-To-Earnings vs Peers: RHM is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the peer average (38.6x).

Price to Earnings Ratio vs Industry

How does RHM's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.8%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.8%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: RHM is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the European Aerospace & Defense industry average (29.4x).

Price to Earnings Ratio vs Fair Ratio

What is RHM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RHM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.7x
Fair PE Ratio39.6x

Price-To-Earnings vs Fair Ratio: RHM is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the estimated Fair Price-To-Earnings Ratio (39.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RHM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF348.00
CHF559.20
+60.7%
13.5%CHF711.35CHF439.48n/a14
May ’25CHF348.00
CHF553.00
+58.9%
13.2%CHF713.62CHF440.88n/a13
Apr ’25CHF348.00
CHF490.10
+40.8%
13.9%CHF583.72CHF370.66n/a13
Mar ’25CHF348.00
CHF390.88
+12.3%
9.2%CHF435.49CHF309.15n/a13
Feb ’25CHF275.00
CHF344.81
+25.4%
14.2%CHF401.40CHF220.06n/a13
Jan ’25CHF275.00
CHF324.19
+17.9%
13.3%CHF397.68CHF220.62n/a13
Dec ’24CHF275.00
CHF314.22
+14.3%
11.2%CHF367.42CHF224.70n/a12
Nov ’24CHF275.00
CHF282.17
+2.6%
7.7%CHF303.85CHF221.24n/a12
Oct ’24CHF275.00
CHF283.35
+3.0%
7.9%CHF306.89CHF223.45n/a11
Sep ’24CHF275.00
CHF279.21
+1.5%
7.8%CHF308.96CHF223.56n/a11
Aug ’24CHF275.00
CHF283.68
+3.2%
7.8%CHF314.49CHF227.56n/a11
Jul ’24CHF275.00
CHF282.31
+2.7%
7.6%CHF312.77CHF226.32n/a11
Jun ’24CHF275.00
CHF282.31
+2.7%
7.6%CHF312.77CHF226.32n/a11
May ’24CHF275.00
CHF285.44
+3.8%
7.8%CHF316.64CHF229.12CHF348.0011
Apr ’24CHF275.00
CHF280.49
+2.0%
8.8%CHF309.14CHF232.35CHF348.0011
Mar ’24CHF228.00
CHF263.11
+15.4%
8.4%CHF306.65CHF233.50CHF348.0011
Feb ’24CHF226.50
CHF244.91
+8.1%
9.4%CHF288.60CHF194.06CHF275.0011
Jan ’24CHF217.10
CHF229.52
+5.7%
11.2%CHF285.45CHF191.94CHF275.0011
Dec ’23CHF217.10
CHF229.90
+5.9%
11.2%CHF285.92CHF192.26CHF275.0011
Nov ’23CHF217.10
CHF218.36
+0.6%
9.7%CHF259.09CHF191.37CHF275.0010
Oct ’23CHF217.10
CHF218.32
+0.6%
8.7%CHF254.29CHF193.37CHF275.0010
Sep ’23CHF217.10
CHF217.60
+0.2%
8.5%CHF254.76CHF193.73CHF275.0011
Aug ’23CHF217.10
CHF228.84
+5.4%
9.5%CHF282.61CHF194.91CHF275.0011
Jul ’23CHF217.10
CHF240.25
+10.7%
10.2%CHF301.28CHF202.20CHF275.0011
Jun ’23CHF217.10
CHF218.87
+0.8%
20.9%CHF258.47CHF85.47CHF275.0011
May ’23CHF217.10
CHF194.98
-10.2%
25.7%CHF259.32CHF85.75CHF275.0011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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