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R. Stahl AG (DE:RSL2)
XETRA:RSL2
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R. Stahl (RSL2) AI Stock Analysis

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DE:RSL2

R. Stahl

(XETRA:RSL2)

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Neutral 59 (OpenAI - 5.2)
Rating:59Neutral
Price Target:
€14.50
▲(6.62% Upside)
Action:Reiterated
Date:08/04/26
The score is mainly supported by improving financial performance, particularly the rebound in free cash flow and profitability. Offsetting this are slightly declining recent revenue, thin net margins and moderate leverage, while technicals and valuation are both neutral-to-modestly supportive without a strong bullish signal.
Positive Factors
Improving Cash Generation
Material recovery in free cash flow and higher operating cash flow provides durable financial flexibility. Sustained positive FCF supports reinvestment in product development, working-capital funding for project business, and the ability to reduce leverage or fund strategic initiatives over the medium term.
Negative Factors
Softening Revenue Trend
A declining top line indicates possible softness in project volumes or end-market demand. For a project- and engineered-products business, sustained revenue declines constrain scale benefits, pressure margins over time, and reduce the company's ability to layer on fixed-cost absorption in coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
Material recovery in free cash flow and higher operating cash flow provides durable financial flexibility. Sustained positive FCF supports reinvestment in product development, working-capital funding for project business, and the ability to reduce leverage or fund strategic initiatives over the medium term.
Read all positive factors

R. Stahl (RSL2) vs. iShares MSCI Germany ETF (EWG)

R. Stahl Business Overview & Revenue Model

Company Description
R. STAHL AG, operating through its subsidiaries, specializes globally in the design, manufacturing, assembly, and distribution of robust devices and sophisticated systems. These products are engineered for precise measurement, meticulous control, ...
How the Company Makes Money
R. Stahl makes money primarily by selling explosion-protected products and integrated hazardous-area solutions to industrial customers and projects. Key revenue streams typically include: - Product sales (hardware): Revenue from explosion-protect...

R. Stahl Financial Statement Overview

Summary
Fundamentals are improving but not yet robust. TTM profitability and cash generation recovered (net margin ~1.7% and FCF ~€11.9m), but revenue is slightly declining (-1.82% TTM), margins remain thin, and leverage is moderately high (debt-to-equity ~0.92) alongside historically uneven earnings.
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
62
Positive
BreakdownTTMMar 2026Dec 2024Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue307.35M313.00M343.09M329.51M273.29M247.06M
Gross Profit63.16M61.50M227.53M218.44M180.43M165.65M
EBITDA35.79M31.99M34.19M26.47M24.23M18.28M
Net Income5.19M2.96M5.82M195.00K1.95M-4.91M
Balance Sheet
Total Assets264.20M268.01M265.15M286.21M259.69M246.00M
Cash, Cash Equivalents and Short-Term Investments14.24M12.88M16.27M11.55M16.06M6.34M
Total Debt66.31M61.18M61.23M66.94M64.94M47.78M
Total Liabilities190.93M192.34M192.83M218.50M188.35M196.24M
Stockholders Equity73.30M75.47M72.13M67.56M71.15M49.55M
Cash Flow
Free Cash Flow11.86M6.34M14.80M300.00K-8.06M-3.31M
Operating Cash Flow15.99M13.36M28.56M14.22M5.99M11.86M
Investing Cash Flow-10.14M-13.63M-13.83M-13.94M-10.41M-18.12M
Financing Cash Flow-4.16M-2.49M-9.77M-4.38M14.31M-7.62M

R. Stahl Technical Analysis

Technical Analysis Sentiment
Negative
Last Price13.60
Price Trends
50DMA
13.85
Negative
100DMA
13.44
Positive
200DMA
14.00
Negative
Market Momentum
MACD
0.03
Negative
RSI
46.49
Neutral
STOCH
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:RSL2, the sentiment is Negative. The current price of 13.6 is below the 20-day moving average (MA) of 13.73, below the 50-day MA of 13.85, and below the 200-day MA of 14.00, indicating a bearish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:RSL2.

R. Stahl Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
€159.04M12.997.20%1.39%-41.38%-28.83%
63
Neutral
€1.61B-1.89-427.53%2.80%1.66%11.38%
59
Neutral
€89.52M16.717.06%-4.37%
59
Neutral
€1.63B26.7411.05%4.66%0.35%116.73%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
54
Neutral
€147.24M1,800.000.02%-8.60%-107.57%
51
Neutral
€374.80M-14.78-34.65%-27.00%-5153.47%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:RSL2
R. Stahl
13.70
-3.60
-20.81%
DE:AAG
Aumann AG
13.90
1.92
16.03%
DE:KSB
KSB AG
940.00
17.54
1.90%
DE:LPK
LPKF Laser & Electronics
15.60
7.59
94.76%
DE:MXHN
MAX Automation
3.60
-2.24
-38.36%
DE:PFV
Pfeiffer Vacuum Technology
164.20
14.89
9.97%
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.Date of analysis: Aug 04, 2026