XTRA:RAA

Stock Analysis Report

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Executive Summary

RATIONAL Aktiengesellschaft develops, produces, and sells professional cooking appliances for industrial kitchens worldwide. More Details

Rewards

Earnings are forecast to grow 29.48% per year

Risk Analysis

No risks detected for RAA from our risk checks.


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has RATIONAL's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RAA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.4%

RAA

-1.7%

DE Machinery

-0.3%

DE Market


1 Year Return

-7.2%

RAA

0.4%

DE Machinery

5.9%

DE Market

Return vs Industry: RAA underperformed the German Machinery industry which returned 0.4% over the past year.

Return vs Market: RAA underperformed the German Market which returned 5.9% over the past year.


Shareholder returns

RAAIndustryMarket
7 Day1.4%-1.7%-0.3%
30 Day20.2%2.6%2.1%
90 Day21.8%10.5%5.3%
1 Year-6.1%-7.2%1.5%0.4%8.4%5.9%
3 Year12.0%6.6%-31.0%-35.0%6.0%-2.6%
5 Year90.4%74.1%7.7%-3.3%36.2%17.6%

Price Volatility Vs. Market

How volatile is RATIONAL's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is RATIONAL undervalued compared to its fair value and its price relative to the market?

61.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RAA (€609.5) is trading above our estimate of fair value (€293.75)

Significantly Below Fair Value: RAA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RAA is poor value based on its PE Ratio (61.4x) compared to the DE Machinery industry average (27.7x).

PE vs Market: RAA is poor value based on its PE Ratio (61.4x) compared to the German market (22x).


Price to Earnings Growth Ratio

PEG Ratio: RAA is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: RAA is overvalued based on its PB Ratio (14.7x) compared to the DE Machinery industry average (1.5x).


Next Steps

Future Growth

How is RATIONAL forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

29.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RAA's forecast earnings growth (29.5% per year) is above the savings rate (0.2%).

Earnings vs Market: RAA's earnings (29.5% per year) are forecast to grow faster than the German market (27.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RAA's revenue (10.6% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: RAA's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RAA's Return on Equity is forecast to be high in 3 years time (22.3%)


Next Steps

Past Performance

How has RATIONAL performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RAA has high quality earnings.

Growing Profit Margin: RAA's current net profit margins (15.2%) are lower than last year (20.3%).


Past Earnings Growth Analysis

Earnings Trend: RAA's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: RAA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RAA had negative earnings growth (-31.5%) over the past year, making it difficult to compare to the Machinery industry average (-36.6%).


Return on Equity

High ROE: RAA's Return on Equity (23.9%) is considered high.


Next Steps

Financial Health

How is RATIONAL's financial position?


Financial Position Analysis

Short Term Liabilities: RAA's short term assets (€405.3M) exceed its short term liabilities (€109.6M).

Long Term Liabilities: RAA's short term assets (€405.3M) exceed its long term liabilities (€34.0M).


Debt to Equity History and Analysis

Debt Level: RAA's debt to equity ratio (1.2%) is considered satisfactory.

Reducing Debt: RAA's debt to equity ratio has reduced from 10.5% to 1.2% over the past 5 years.

Debt Coverage: RAA's debt is well covered by operating cash flow (2490.8%).

Interest Coverage: RAA's interest payments on its debt are well covered by EBIT (610x coverage).


Balance Sheet


Next Steps

Dividend

What is RATIONAL current dividend yield, its reliability and sustainability?

0.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RAA's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.15%).

High Dividend: RAA's dividend (0.94%) is low compared to the top 25% of dividend payers in the German market (3.64%).


Stability and Growth of Payments

Stable Dividend: RAA's dividend payments have been volatile in the past 10 years.

Growing Dividend: RAA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), RAA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RAA's dividends in 3 years are forecast to be covered by earnings (70.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Peter Stadelmann (55 yo)

6.67yrs

Tenure

Dr. Peter Stadelmann, Dipl.-Volkswirt has been the Chairman of Executive Board at Rational AG since January 2014 and has been its the Chief Executive Officer since January 1, 2014 and serves as its Chief F ...


Leadership Team

NamePositionTenureCompensationOwnership
Peter Stadelmann
Chairman of Executive Board6.67yrsno datano data
Peter Wiedemann
CTO & Member of Executive Board21yrsno datano data
Markus Paschmann
Chief Sales Officer & Member of Executive Board6.75yrsno datano data
Stefan Arnold
Head of Investor Relationsno datano datano data

6.8yrs

Average Tenure

55yo

Average Age

Experienced Management: RAA's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erich Baumgärtner
Independent Member of Supervisory Board3.67yrs€150.00kno data
Walter Kurtz
Chairman of Supervisory Board3.08yrs€268.00kno data
Georg Sick
Independent Member of Supervisory Board2.92yrs€150.00kno data
Hans Maerz
Independent Deputy Chairman of Supervisory Board3.08yrs€212.00kno data
Gerd Lintz
Independent Member of Supervisory Board5.42yrs€150.00kno data
Werner Schwind
Independent Member of Supervisory Board5.42yrs€150.00kno data
Johannes Würbser
Member of the Supervisory Board1.33yrs€93.00kno data

3.1yrs

Average Tenure

Experienced Board: RAA's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

RATIONAL Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: RATIONAL Aktiengesellschaft
  • Ticker: RAA
  • Exchange: XTRA
  • Founded: 1973
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €6.930b
  • Shares outstanding: 11.37m
  • Website: https://www.rational-online.com

Number of Employees


Location

  • RATIONAL Aktiengesellschaft
  • Siegfried-Meister-Strasse 1
  • Landsberg am Lech
  • Bavaria
  • 86899
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RAADB (Deutsche Boerse AG)YesRegistered SharesDEEURMar 2000
RAAXTRA (XETRA Trading Platform)YesRegistered SharesDEEURMar 2000
0FRJLSE (London Stock Exchange)YesRegistered SharesGBEURMar 2000
RTLL.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDMar 2000
RAADBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURMar 2000
RAASWX (SIX Swiss Exchange)YesRegistered SharesCHCHFMar 2000
RAAWBAG (Wiener Boerse AG)YesRegistered SharesATEURMar 2000
RATI.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDSep 2013

Biography

RATIONAL Aktiengesellschaft develops, produces, and sells professional cooking appliances for industrial kitchens worldwide. The company offers SelfCookingCenter and CombiMaster Plus combi-steamers; care p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 03:52
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.