RHI Magnesita N.V.

BATS-CHIXE:RHIML Stock Report

Market Cap: UK£1.5b

RHI Magnesita Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 RHIML when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RHIML (£31.35) is trading below our estimate of fair value (£66.8)

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

Key Valuation Metric

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

Key metric: As RHIML is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RHIML. This is calculated by dividing RHIML's market cap by their current earnings.
What is RHIML's PE Ratio?
PE Ratio9.6x
Earnings€185.60m
Market Cap€1.78b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RHIML vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.5x
BREE Breedon Group
16.8x14.1%UK£1.6b
MSLH Marshalls
38x28.1%UK£820.0m
IBST Ibstock
100.8x36.5%UK£731.0m
FORT Forterra
46.6x32.4%UK£372.4m
RHIML RHI Magnesita
9.6x12.0%UK£1.5b

Price-To-Earnings vs Peers: RHIML is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (50.5x).

Price to Earnings Ratio vs Industry

How does RHIML's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies9PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RHIML is good value based on its Price-To-Earnings Ratio (9.6x) compared to the European Basic Materials industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is RHIML'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.

RHIML PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: RHIML is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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 RHIML forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£31.35
UK£42.60
+35.9%
10.9%UK£50.34UK£38.14n/a4
Nov ’25UK£31.90
UK£41.72
+30.8%
9.0%UK£48.00UK£38.03n/a4
Oct ’25UK£33.50
UK£41.98
+25.3%
9.1%UK£49.29UK£38.62n/a5
Sep ’25UK£32.60
UK£41.98
+28.8%
9.1%UK£49.29UK£38.62n/a5
Aug ’25UK£35.90
UK£41.63
+16.0%
8.9%UK£48.73UK£38.18n/a5
Jul ’25UK£34.95
UK£41.32
+18.2%
8.8%UK£47.66UK£37.34n/a5
Jun ’25UK£34.30
UK£41.88
+22.1%
8.7%UK£48.47UK£37.98n/a5
May ’25UK£36.20
UK£41.82
+15.5%
8.6%UK£48.31UK£37.91n/a5
Apr ’25UK£35.46
UK£40.14
+13.2%
12.9%UK£48.46UK£31.29n/a6
Mar ’25UK£36.30
UK£39.14
+7.8%
13.1%UK£48.47UK£31.30n/a7
Feb ’25UK£34.13
UK£37.32
+9.3%
12.2%UK£44.12UK£31.22n/a6
Jan ’25UK£34.90
UK£35.31
+1.2%
17.2%UK£44.79UK£27.83n/a6
Dec ’24UK£28.04
UK£34.87
+24.3%
17.3%UK£44.21UK£27.46n/a6
Nov ’24UK£25.78
UK£35.42
+37.4%
17.5%UK£44.98UK£27.72UK£31.906
Oct ’24UK£27.90
UK£35.64
+27.7%
18.1%UK£45.40UK£24.95UK£33.506
Sep ’24UK£28.18
UK£35.38
+25.5%
18.0%UK£45.09UK£24.78UK£32.606
Aug ’24UK£29.90
UK£35.38
+18.3%
18.0%UK£45.09UK£24.78UK£35.906
Jul ’24UK£26.64
UK£30.94
+16.1%
28.6%UK£44.35UK£17.47UK£34.956
Jun ’24UK£24.86
UK£31.03
+24.8%
28.8%UK£44.61UK£17.57UK£34.306
May ’24UK£22.54
UK£31.02
+37.6%
26.9%UK£44.99UK£18.00UK£36.207
Apr ’24UK£22.36
UK£31.28
+39.9%
27.0%UK£45.57UK£18.11UK£35.467
Mar ’24UK£26.78
UK£31.16
+16.4%
27.0%UK£45.31UK£18.01UK£36.307
Feb ’24UK£27.48
UK£30.75
+11.9%
27.9%UK£45.10UK£17.90UK£34.137
Jan ’24UK£22.18
UK£30.59
+37.9%
26.1%UK£44.53UK£19.79UK£34.907
Dec ’23UK£21.74
UK£30.59
+40.7%
26.1%UK£44.53UK£19.79UK£28.047
Nov ’23UK£19.03
UK£32.75
+72.1%
27.5%UK£44.54UK£19.80UK£25.787

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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