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RATIONAL

XTRA:RAA
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAA
XTRA
€7B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

RATIONAL Aktiengesellschaft develops, produces, and sells professional cooking appliances for industrial kitchens. The last earnings update was 39 days ago. More info.


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RAA Share Price and Events
7 Day Returns
3.1%
XTRA:RAA
1.2%
DE Machinery
-3.6%
DE Market
1 Year Returns
6.9%
XTRA:RAA
-26.6%
DE Machinery
-11.8%
DE Market
RAA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RATIONAL (RAA) 3.1% 3.7% 7.6% 6.9% 53.1% 157.6%
DE Machinery 1.2% -1% -0.8% -26.6% -11.2% 1.8%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • RAA outperformed the Machinery industry which returned -26.6% over the past year.
  • RAA outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
RAA
Industry
5yr Volatility vs Market

RAA Value

 Is RATIONAL undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RATIONAL to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RATIONAL.

XTRA:RAA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:RAA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 30%) (0.16%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.043 * 5.96%)
6.44%

Discounted Cash Flow Calculation for XTRA:RAA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RATIONAL is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:RAA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.44%)
2019 124.93 Analyst x6 117.37
2020 150.09 Analyst x6 132.47
2021 174.02 Analyst x5 144.29
2022 178.00 Analyst x1 138.65
2023 195.00 Analyst x1 142.70
2024 206.00 Est @ 5.64% 141.63
2025 214.28 Est @ 4.02% 138.40
2026 220.46 Est @ 2.88% 133.77
2027 225.05 Est @ 2.09% 128.29
2028 228.49 Est @ 1.53% 122.36
Present value of next 10 years cash flows €1,339.93
XTRA:RAA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €228.49 × (1 + 0.23%) ÷ (6.44% – 0.23%)
€3,684.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,684.20 ÷ (1 + 6.44%)10
€1,973.00
XTRA:RAA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,339.93 + €1,973.00
€3,312.93
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,312.93 / 11.37
€291.37
XTRA:RAA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €291.37
Current discount Discount to share price of €602.00
= -1 x (€602.00 - €291.37) / €291.37
-106.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of RATIONAL is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RATIONAL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RATIONAL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:RAA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €14.31
XTRA:RAA Share Price ** XTRA (2019-06-14) in EUR €602
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 16.08x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RATIONAL.

XTRA:RAA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:RAA Share Price ÷ EPS (both in EUR)

= 602 ÷ 14.31

42.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RATIONAL is overvalued based on earnings compared to the DE Machinery industry average.
  • RATIONAL is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does RATIONAL's expected growth come at a high price?
Raw Data
XTRA:RAA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
7.6%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.46x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

XTRA:RAA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.07x ÷ 7.6%

5.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RATIONAL is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on RATIONAL's assets?
Raw Data
XTRA:RAA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €43.23
XTRA:RAA Share Price * XTRA (2019-06-14) in EUR €602
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.71x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
XTRA:RAA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:RAA Share Price ÷ Book Value per Share (both in EUR)

= 602 ÷ 43.23

13.93x

* Primary Listing of RATIONAL.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RATIONAL is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess RATIONAL's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. RATIONAL has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RAA Future Performance

 How is RATIONAL expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RATIONAL expected to grow at an attractive rate?
  • RATIONAL's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • RATIONAL's earnings growth is positive but not above the Germany market average.
  • RATIONAL's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:RAA Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:RAA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 7.6%
XTRA:RAA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 8.2%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:RAA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:RAA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,165 229 226 4
2022-12-31 1,083 208 217 5
2021-12-31 1,000 208 203 7
2020-12-31 920 192 186 8
2019-12-31 846 174 171 8
XTRA:RAA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 799 169 163
2018-12-31 778 144 157
2018-09-30 755 159 151
2018-06-30 738 156 148
2018-03-31 710 134 141
2017-12-31 702 146 143
2017-09-30 686 135 139
2017-06-30 661 129 135
2017-03-31 643 133 136
2016-12-31 613 129 127
2016-09-30 597 133 122
2016-06-30 587 135 122

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RATIONAL's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • RATIONAL's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:RAA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from RATIONAL Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:RAA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 19.86 19.86 19.86 1.00
2022-12-31 18.47 18.47 18.47 1.00
2021-12-31 17.79 18.36 17.22 7.00
2020-12-31 16.31 16.73 16.02 8.00
2019-12-31 15.00 15.25 14.86 6.00
XTRA:RAA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 14.31
2018-12-31 13.84
2018-09-30 13.24
2018-06-30 13.05
2018-03-31 12.36
2017-12-31 12.58
2017-09-30 12.25
2017-06-30 11.87
2017-03-31 11.99
2016-12-31 11.18
2016-09-30 10.73
2016-06-30 10.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • RATIONAL is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess RATIONAL's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RATIONAL has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RAA Past Performance

  How has RATIONAL performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RATIONAL's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RATIONAL's year on year earnings growth rate has been positive over the past 5 years.
  • RATIONAL's 1-year earnings growth exceeds its 5-year average (15.8% vs 8.7%)
  • RATIONAL's earnings growth has exceeded the DE Machinery industry average in the past year (15.8% vs -5.8%).
Earnings and Revenue History
RATIONAL's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RATIONAL Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:RAA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 798.64 162.71 224.40 39.39
2018-12-31 777.86 157.31 217.28 38.10
2018-09-30 755.08 150.54 209.85 36.60
2018-06-30 738.33 148.41 202.62 36.16
2018-03-31 709.86 140.54 197.49 34.69
2017-12-31 702.10 143.00 195.74 33.20
2017-09-30 686.08 139.32 199.72 34.42
2017-06-30 661.03 134.92 195.18 32.52
2017-03-31 643.07 136.30 189.47 30.65
2016-12-31 613.01 127.11 182.01 28.84
2016-09-30 596.87 121.96 180.23 25.60
2016-06-30 586.76 121.82 174.15 23.65
2016-03-31 575.14 119.71 168.71 23.37
2015-12-31 564.23 121.79 165.57 23.59
2015-09-30 547.50 123.31 156.32 22.31
2015-06-30 534.02 123.90 153.00 22.32
2015-03-31 520.63 120.93 149.92 20.76
2014-12-31 496.73 110.06 144.89 19.13
2014-09-30 485.11 106.90 142.73 18.16
2014-06-30 473.55 101.28 138.06 17.61
2014-03-31 458.00 94.25 134.17 17.13
2013-12-31 461.15 97.24 132.45 16.70
2013-09-30 446.29 90.76 129.10 15.49
2013-06-30 441.37 90.64 127.99 14.82
2013-03-31 442.05 94.75 126.81 14.15
2012-12-31 434.98 93.29 124.61 13.56
2012-09-30 436.47 94.74 126.05 13.89
2012-06-30 415.92 85.15 124.72 14.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RATIONAL has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • RATIONAL used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • RATIONAL has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RATIONAL's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RATIONAL has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RAA Health

 How is RATIONAL's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RATIONAL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RATIONAL is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RATIONAL's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RATIONAL's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 43.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RATIONAL Company Filings, last reported 2 months ago.

XTRA:RAA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 491.53 10.63 255.25
2018-12-31 455.51 11.92 242.40
2018-09-30 406.53 11.82 211.15
2018-06-30 367.90 12.92 171.04
2018-03-31 455.05 13.50 251.23
2017-12-31 424.53 14.25 267.86
2017-09-30 383.10 24.78 239.24
2017-06-30 346.66 25.45 202.01
2017-03-31 430.85 26.39 291.64
2016-12-31 396.96 27.79 278.74
2016-09-30 359.25 28.75 240.94
2016-06-30 326.90 30.71 205.20
2016-03-31 380.28 27.30 264.80
2015-12-31 356.11 28.44 267.37
2015-09-30 322.80 29.11 232.51
2015-06-30 290.89 30.51 196.28
2015-03-31 338.97 31.60 237.09
2014-12-31 310.67 32.63 226.28
2014-09-30 276.40 31.99 185.83
2014-06-30 243.00 32.88 148.10
2014-03-31 284.41 33.58 194.18
2013-12-31 268.85 34.38 200.17
2013-09-30 237.66 24.66 162.79
2013-06-30 210.31 25.49 132.34
2013-03-31 255.85 26.20 171.85
2012-12-31 237.39 25.29 166.50
2012-09-30 212.79 23.77 135.53
2012-06-30 185.45 22.99 100.68
  • RATIONAL's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (11.8% vs 2.2% today).
  • Debt is well covered by operating cash flow (1585.9%, greater than 20% of total debt).
  • RATIONAL earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess RATIONAL's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RATIONAL has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RAA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.58%
Current annual income from RATIONAL dividends. Estimated to be 2% next year.
If you bought €2,000 of RATIONAL shares you are expected to receive €32 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • RATIONAL's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • RATIONAL's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:RAA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:RAA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 13.90 1.00
2022-12-31 13.37 2.00
2021-12-31 12.87 7.00
2020-12-31 11.91 8.00
2019-12-31 10.50 6.00
XTRA:RAA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 9.500 1.653
2018-03-15 11.000 1.978
2017-03-23 8.000 1.541
2016-03-22 7.500 1.730
2015-03-20 6.800 1.847
2015-01-15 6.800 2.198
2014-03-04 6.000 2.488
2014-01-15 6.000 2.513
2013-03-07 5.700 2.450
2013-01-15 5.700 2.420
2012-02-15 5.500 2.886
2011-02-16 5.000 2.936
2010-03-12 3.500 2.517

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, RATIONAL has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but RATIONAL only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of RATIONAL's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess RATIONAL's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RATIONAL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RATIONAL has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RAA Management

 What is the CEO of RATIONAL's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Stadelmann
AGE 53
TENURE AS CEO 5.4 years
CEO Bio

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. Dr. Stadelmann is responsible as a Member of the Executive Board of RATIONAL AG for Human Resources (CHRO). He served as the Chief Human Resources Officer of RATIONAL AG until January 01, 2014. He then worked for more than twenty years in various capacities at the Malik Management Centre in St. Gallen. There he was involved or in charge of a host of international management development and management consultancy projects. From 1998 to 2002, he set up a subsidiary of the Malik Group as partner and co-managing director. From 2002 to 2006, he was in charge of the Management Education & Development division at Malik. From 2006 to 2012, Dr. Stadelmann served as Head of Operative Management for the entire Malik Group. Since December 2012, he has been responsible on the Executive Board of RATIONAL AG for personnel development and personnel management. Dr. Stadelmann studied political economics and gained a doctorate in business management.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Insufficient data for Peter to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the RATIONAL management team in years:

5.5
Average Tenure
52.5
Average Age
  • The average tenure for the RATIONAL management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Stadelmann

TITLE
Chairman of Executive Board & CEO
AGE
53
TENURE
5.4 yrs

Axel Kaufmann

TITLE
CFO & Member of Executive Board
AGE
49
TENURE
3.7 yrs

Peter Wiedemann

TITLE
CTO & Member of Executive Board
AGE
59
TENURE
19.8 yrs

Markus Paschmann

TITLE
Chief Sales & Marketing Officer and Member of Executive Board
AGE
52
TENURE
5.5 yrs

Stefan Arnold

TITLE
Head of Group Accounting & Investor Relations
Board of Directors Tenure

Average tenure of the RATIONAL board of directors in years:

2.1
Average Tenure
  • The average tenure for the RATIONAL board of directors is less than 3 years, this suggests a new board.
Board of Directors

Walter Kurtz

TITLE
Chairman of Supervisory Board
COMPENSATION
€268K

Hans Maerz

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€212K
TENURE
1.8 yrs

Erich Baumgärtner

TITLE
Member of Supervisory Board
COMPENSATION
€150K
AGE
64
TENURE
2.4 yrs

Gerd Lintz

TITLE
Member of Supervisory Board
COMPENSATION
€150K
TENURE
4.2 yrs

Werner Schwind

TITLE
Member of Supervisory Board
COMPENSATION
€150K
TENURE
4.2 yrs

Georg Sick

TITLE
Member of Supervisory Board
COMPENSATION
€150K
TENURE
1.7 yrs

Johannes Würbser

TITLE
Member of the Supervisory Board
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess RATIONAL's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RATIONAL has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RAA News

Simply Wall St News

What Should You Know About RATIONAL Aktiengesellschaft's (ETR:RAA) Growth?

Check out our latest analysis for RATIONAL Can we expect RATIONAL to keep growing? … To understand the overall trajectory of RAA's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … XTRA:RAA Past and Future Earnings, June 15th 2019 By 2022, RAA's earnings should reach €199m, from current levels of €157m, resulting in an annual growth rate of 7.6%.

Simply Wall St -

What Kind Of Shareholder Owns Most RATIONAL Aktiengesellschaft (ETR:RAA) Stock?

Companies that used to be publicly owned tend to have lower insider ownership. … Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … Private Company Ownership We can see that Private Companies own 32%, of the shares on issue.

Simply Wall St -

A Look At RATIONAL Aktiengesellschaft's (ETR:RAA) Exceptional Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … RATIONAL Aktiengesellschaft (ETR:RAA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Here's Why I Think RATIONAL (ETR:RAA) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … In the chart below, you can see how the company has grown earnings, and revenue, over time.

Simply Wall St -

Is RATIONAL Aktiengesellschaft's (ETR:RAA) 35% ROE Better Than Average?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.35 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Must Know About RATIONAL Aktiengesellschaft's (ETR:RAA) Financial Health

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like RATIONAL Aktiengesellschaft (ETR:RAA), with a market cap of €6.1b, are often out of the spotlight. … This article will examine RAA’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

What Are Analysts Saying About RATIONAL Aktiengesellschaft's (ETR:RAA) Earnings Trend?

RATIONAL Aktiengesellschaft's (ETR:RAA) released its most recent earnings update in December 2018, whicha … signalled

Simply Wall St -

Does RATIONAL Aktiengesellschaft's (ETR:RAA) Stock Price Account For Its Growth?

Growth expectations for RATIONAL Aktiengesellschaft (ETR:RAA) are high, but many investors are starting to ask whether its last close at €579.5 can still be rationalized by the future potential. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Analysts are predicting good growth prospects for RATIONAL over the next couple of years

Simply Wall St -

What Do Analysts Think About RATIONAL Aktiengesellschaft's (ETR:RAA) Growth?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … Based on RATIONAL Aktiengesellschaft's (ETR:RAA) earnings update in September 2018,

Simply Wall St -

Why RATIONAL Aktiengesellschaft's (ETR:RAA) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at RATIONAL Aktiengesellschaft's (ETR:RAA) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

RAA Company Info

Description

RATIONAL Aktiengesellschaft develops, produces, and sells professional cooking appliances for industrial kitchens. It operates in two segments, RATIONAL and FRIMA. The RATIONAL segment offers combi-steamers, such as SelfCookingCenter and CombiMaster Plus; and care products for combi-steamers. The FRIMA segment provides the VarioCooking Center, a multifunctional cooking appliance that cooks in liquids or direct contact with heat. The company also offers accessories, service parts, and services for its products. It serves restaurants and hotels; catering operations, such as company canteens, hospitals, schools, universities, military facilities, prisons, and retirement homes; and quick service restaurants, caterers, supermarkets, bakeries, snack outlets, butchers' shops, and service stations. The company sells its products through independent distribution partners worldwide. RATIONAL Aktiengesellschaft was founded in 1973 and is headquartered in Landsberg am Lech, Germany.

Details
Name: RATIONAL Aktiengesellschaft
RAA
Exchange: XTRA
Founded: 1973
€6,844,740,000
11,370,000
Website: http://www.rational-online.com
Address: RATIONAL Aktiengesellschaft
Siegfried Meister Strasse 1,
Landsberg am Lech,
Bavaria, 86899,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA RAA Registered Shares XETRA Trading Platform DE EUR 06. Mar 2000
OTCPK RTLL.F Registered Shares Pink Sheets LLC US USD 06. Mar 2000
DB RAA Registered Shares Deutsche Boerse AG DE EUR 06. Mar 2000
LSE 0FRJ Registered Shares London Stock Exchange GB EUR 06. Mar 2000
SWX RAA Registered Shares SIX Swiss Exchange CH CHF 06. Mar 2000
WBAG RAA Registered Shares Wiener Boerse AG AT EUR 06. Mar 2000
BATS-CHIXE RAAD Registered Shares BATS 'Chi-X Europe' GB EUR 06. Mar 2000
Number of employees
Current staff
Staff numbers
2,166
RATIONAL employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:29
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.