Rational AG (DE:RAA)
XETRA:RAA
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Rational
(XETRA:RAA)
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Rating:74Outperform
Price Target:
€764.00
▲(12.85% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by strong financial performance (high margins, excellent ROE, and very low leverage). Offsetting this, the technical setup is weak with the stock trading below key moving averages and bearish momentum, and valuation is somewhat demanding given the P/E, only partly balanced by a ~2% dividend yield.
Positive Factors
High and resilient profitability
Sustained gross margins near 59% and net margins around 20% indicate durable pricing power and operational efficiency. This level of profitability supports predictable cash flows, funds ongoing investment in product/service quality, and underpins long-term competitive positioning.
Negative Factors
Choppy free cash flow growth
Volatility in free cash flow—including declines in 2022 and 2025—suggests uneven cash conversion driven by working capital swings or timing of capex. Such variability complicates multi-quarter planning for dividends, buybacks or investments and raises execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High and resilient profitability
Sustained gross margins near 59% and net margins around 20% indicate durable pricing power and operational efficiency. This level of profitability supports predictable cash flows, funds ongoing investment in product/service quality, and underpins long-term competitive positioning.
Read all positive factors
Rational (RAA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€7.82B
Dividend Yield1.97%
Average Volume (3M)11.30K
Price to Earnings (P/E)29.6
Beta (1Y)0.89
Revenue Growth5.82%
EPS Growth8.00%
CountryDE
Employees2,778
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)6.22
Shares Outstanding11,370,000
10 Day Avg. Volume9,402
30 Day Avg. Volume11,299
Financial Highlights & Ratios
PEG Ratio21.76
Price to Book (P/B)7.99
Price to Sales (P/S)5.97
P/FCF Ratio32.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€820.11Price Target Upside21.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)23.58
Revenue Forecast (FY)€1.35B
Rational Business Overview & Revenue Model
Company Description
RATIONAL Aktiengesellschaft engages in the development, production, and sale of professional cooking appliances for industrial kitchens worldwide. It offers iCombi Pro and iCombi Classic, a combi-steamer with intelligent cooking paths, as well as ...
Rational Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.26B | 1.19B | 1.13B | 1.02B | 779.73M |
| Gross Profit | 743.44M | 706.63M | 638.62M | 565.07M | 429.27M |
| EBITDA | 369.12M | 364.99M | 317.96M | 269.18M | 189.82M |
| Net Income | 253.85M | 250.53M | 215.76M | 185.72M | 123.66M |
Balance Sheet | |||||
| Total Assets | 1.19B | 1.11B | 989.03M | 899.22M | 783.84M |
| Cash, Cash Equivalents and Short-Term Investments | 539.38M | 493.62M | 402.67M | 202.34M | 246.38M |
| Total Debt | 27.14M | 29.80M | 28.08M | 19.00M | 19.59M |
| Total Liabilities | 251.27M | 249.26M | 228.24M | 222.98M | 180.51M |
| Stockholders Equity | 940.79M | 856.90M | 760.79M | 676.24M | 603.33M |
Cash Flow | |||||
| Free Cash Flow | 230.16M | 251.45M | 223.71M | 123.43M | 145.89M |
| Operating Cash Flow | 263.86M | 283.06M | 258.35M | 160.62M | 171.71M |
| Investing Cash Flow | -44.46M | -102.69M | -161.71M | -81.86M | -84.29M |
| Financing Cash Flow | -182.36M | -166.16M | -165.56M | -124.61M | -65.85M |
Rational Technical Analysis
Positive
677.00
Price Trends
691.27
Negative
669.48
Positive
667.84
Positive
Market Momentum
-3.79
Negative
54.48
Neutral
87.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:RAA, the sentiment is Positive. The current price of 677 is above the 20-day moving average (MA) of 647.48, below the 50-day MA of 691.27, and above the 200-day MA of 667.84, indicating a neutral trend. The MACD of -3.79 indicates Negative momentum. The RSI at 54.48 is Neutral, neither overbought nor oversold. The STOCH value of 87.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:RAA.
Rational Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €7.82B | 29.63 | 29.56% | 1.97% | 5.82% | 8.00% | |
71 Outperform | €10.06B | 22.78 | 17.25% | 2.01% | 2.26% | 6.49% | |
70 Outperform | €3.90B | 14.37 | 14.74% | 1.95% | 8.15% | 16.17% | |
66 Neutral | €1.82B | 11.99 | 0.33% | 2.76% | 4.20% | -20.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:RAA
Rational
677.00
-36.25
-5.08%
DE:G1A
GEA Group AG
62.10
9.67
18.45%
DE:KRN
Krones AG
122.80
4.80
4.07%
DE:KSB
KSB AG
1,035.00
279.03
36.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.