RHI Magnesita NV (RHIM) AI Stock Analysis

• Market Cap: £1.39B
• Dividend Yield: 0.17%
• Average Volume (3M): 15.17K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.27
• Revenue Growth: -4.96%
• EPS Growth: -13.52%
• Country: UK
• Employees: 29,207
• Sector: Industrials
• Sector Strength: 94
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.75
• Shares Outstanding: 47,294,190
• 10 Day Avg. Volume: 13,540
• 30 Day Avg. Volume: 15,171
• PEG Ratio: 2.01
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £3,862.50
• Price Target Upside: 28.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 70 Neutral
• Price Target: 3,226.00p ▲(7.00%Upside)

RHI Magnesita NV demonstrates solid financial performance and valuation metrics, contributing positively to the overall score. However, mixed technical indicators and recent corporate challenges temper the outlook. While governance improvements and strategic moves are positive, macroeconomic risks and operational challenges weigh on the stock's prospects.

Positive Factors

Discounted Valuation

The stock trades at meaningful discounts to the sector.

Negative Factors

Challenging Trading Conditions

Sales volumes and pricing were lower reflecting the more challenging trading conditions.

Earnings Growth Limitations

The stock faces many headwinds, limiting earnings growth.

RHI Magnesita NV Business Overview & Revenue Model

Company Description

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; and high-temperature insulation, and ceramic and metallic anchoring systems. The company also provides induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed products, and slide gates. In addition, the company offers zircon-magnesia, mullite /andalusite, chrome-alumina, zircon, silica, and calcium aluminate materials. Further, the company provides high-purity magnesia and magnesia-chromite bricks, magnesia-carbon bricks, concrete with anti-wetting system, ceramic and metal anchors, sense and insulating concretes, ramming mixes, and low cement castables, as well as precast shapes, alumina-silica, insulating monolithic parts; and monolithic products. Additionally, it provides raw, caustic, and sintered magnesia, dolomite and sintered dolomite, slag conditioners, magnesium oxide, spinels, agalmatolite, chromite, grogs, and commodities. The company also offers electromechanical maintenance, repairs, assemblies, refractory maintenance and application; solutions development and monitoring; engineering, projects, lining, and metal working factory services. In addition, it provides iron, steel, continuous casting, and non-ferrous solutions. RHI Magnesita N.V. offers solutions for various ladles, tundish, hydraulical or electrical power, steel plant aggregates, and robotic handling sectors. The company was founded in 1834 and is headquartered in Vienna, Austria.

How the Company Makes Money

RHI Magnesita NV generates revenue primarily through the sale of its refractory products and services. The company's key revenue streams include the direct sale of refractory materials such as bricks and mixes to industrial customers across various sectors. Additionally, RHI Magnesita provides technical support, installation, and maintenance services, enhancing its value proposition and creating additional income. The company benefits from long-term relationships and contracts with major industrial players, ensuring a stable and recurring revenue base. Furthermore, RHI Magnesita's global presence and extensive distribution network enable it to capitalize on growth opportunities in emerging markets, contributing to its earnings.

RHI Magnesita NV Financial Statement Overview

Summary

RHI Magnesita NV maintains a strong financial position with stable profitability and effective cash flow management. Despite a decline in revenue and EBIT margin, the company holds a balanced debt level and demonstrates effective equity utilization.

Income Statement

RHI Magnesita NV demonstrates solid gross and net profit margins over recent years, with a notable gross profit margin of 24.32% and a net profit margin of 4.07% in the latest year. However, there is a slight decline in revenue by 2.37% from the previous year. The EBIT margin has fluctuated with the latest data showing a decline to 0%, indicating potential operational challenges. Nevertheless, the EBITDA margin remains healthy at 13.54%.

Balance Sheet

The company's balance sheet reflects a relatively stable debt-to-equity ratio of 1.51, which is manageable but indicates a moderate leverage level. The return on equity (ROE) is 11.81%, showcasing decent profitability relative to shareholder equity. The equity ratio stands at 26.27%, suggesting a balanced approach to financing through equity and liabilities.

Cash Flow

RHI Magnesita NV's cash flow generation capacity appears robust, with a free cash flow to net income ratio of 2.03 and an operating cash flow to net income ratio of 3.05, highlighting strong cash conversion. Free cash flow has been stable, with a slight decrease recently, but remains positive, indicating effective management of operating and capital expenditures.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.49B	3.57B	3.32B	2.55B	2.26B
Gross Profit	848.00M	857.40M	763.40M	583.50M	550.10M
EBITDA	472.00M	507.30M	477.80M	463.20M	351.60M
Net Income	142.00M	164.60M	155.70M	243.10M	24.80M
Balance Sheet
Total Assets	4.58B	4.85B	4.07B	3.91B	3.05B
Cash, Cash Equivalents and Short-Term Investments	577.00M	708.00M	495.50M	559.10M	587.20M
Total Debt	1.82B	2.00B	1.67B	1.59B	1.16B
Total Liabilities	3.20B	3.49B	3.03B	3.09B	2.39B
Stockholders Equity	1.20B	1.20B	1.00B	785.90M	646.10M
Cash Flow
Free Cash Flow	288.00M	320.20M	77.10M	-343.90M	162.10M
Operating Cash Flow	433.00M	499.70M	233.80M	-91.80M	319.00M
Investing Cash Flow	-154.00M	-482.00M	-199.70M	-128.90M	-137.90M
Financing Cash Flow	-409.00M	178.00M	-83.90M	197.70M	-17.70M

RHI Magnesita NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3015.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RHIM, the sentiment is Positive. The current price of 3015 is above the 20-day moving average (MA) of 3000.75, above the 50-day MA of 2905.42, and below the 200-day MA of 3100.44, indicating a neutral trend. The MACD of 18.57 indicates Positive momentum. The RSI at 54.85 is Neutral, neither overbought nor oversold. The STOCH value of 48.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:RHIM.

RHI Magnesita NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASY	75 Outperform	£209.29M	12.46	38.77%	518.00%	-3.56%	-5.13%
MGAM	75 Outperform	£640.36M	12.98	14.06%	388.46%	-1.26%	6.56%
BOY	71 Outperform	£1.03B	54.74	2.74%	292.47%	-5.66%	-76.42%
SAG	71 Outperform	£242.94M	20.76	14.84%	146.12%	-2.36%	117.49%
RHIM	70 Neutral	£1.39B	11.56	11.86%	0.17%	-4.96%	-13.52%
Sector *	67 Neutral	£2.85B	10.42	4.69%	215.06%	2.73%	-20.56%
XPP	61 Neutral	£239.48M	―	-6.40%	―	-21.84%	10.56%

RHI Magnesita NV Corporate Events

RHI Magnesita to Announce Half-Year Results on 30 July 2025

RHI Magnesita announced it will release its half-year results for the period ending 30 June 2025 on 30 July 2025. The announcement will be accompanied by a webcast presentation for investors and analysts, highlighting the company’s ongoing commitment to transparency and engagement with stakeholders. This release is expected to provide insights into the company’s performance and strategic direction, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (GB:RHIM) stock is a Buy with a £4400.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Strengthens Leadership with New Director Appointment

RHI Magnesita announced the appointment of Janet Ashdown as a Non-Executive Director and Chair-elect of the Remuneration Committee at Synthomer Plc, effective from July 1, 2025. This strategic move highlights RHI Magnesita’s commitment to strengthening its governance and leadership, potentially enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (GB:RHIM) stock is a Hold with a £4000.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Updates Share Capital and Voting Rights

RHI Magnesita N.V. announced that as of May 31, 2025, its issued share capital comprises 47,294,191 ordinary shares, with an additional 2,183,514 shares held in treasury. This update is significant for shareholders and those with notification obligations under the FCA’s Disclosure Guidance and Transparency Rules, as it affects the calculation of their interests in the company.

The most recent analyst rating on (GB:RHIM) stock is a Buy with a £4150.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Executive Exercises and Sells Share Options

RHI Magnesita N.V. announced that a person discharging managerial responsibilities exercised share options over 6,017 ordinary shares, which were subsequently sold. The transaction was part of the company’s Long Term Incentive Plan, with shares transferred from the company’s treasury account. This move reflects the company’s adherence to its incentive plans and regulatory compliance, potentially impacting its stock liquidity and market perception.

The most recent analyst rating on (GB:RHIM) stock is a Buy with a £4150.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Strengthens Board with New Appointment

RHI Magnesita announced the appointment of Jann Brown as a Non-Executive Director on its board, effective from May 22, 2025. This strategic move is expected to enhance the company’s governance and potentially strengthen its market position, reflecting its ongoing commitment to leadership and growth in the refractory industry.

The most recent analyst rating on (GB:RHIM) stock is a Buy with a £4150.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Secures Shareholder Approval for Key Resolutions at AGM 2025

RHI Magnesita announced that all voting resolutions proposed at its Annual General Meeting on May 7, 2025, were passed by the required majority. Key resolutions included the adoption of the annual accounts, declaration of a final dividend, re-election of directors, and re-appointment of the external auditor. These decisions reflect strong shareholder support and are expected to reinforce the company’s strategic direction and operational stability.

RHI Magnesita Faces Challenges Amidst Global Trade Tensions in Q1 2025

RHI Magnesita’s Q1 2025 trading update reveals increased downside risks due to weak performance expectations and global trade tensions. The company faced challenging trading conditions with lower sales volumes and reduced margins, prompting cost-saving measures and a price increase program to restore profitability. The closure of the Wetro plant in Germany and the acquisition of Resco in North America are key strategic moves. Despite a rise in net debt, the company expects improved performance in the second half of the year, although macroeconomic volatility poses risks to achieving its full-year guidance.

RHI Magnesita Announces Total Voting Rights Update

RHI Magnesita has announced its total voting rights as of April 30, 2025, with an issued share capital of 47,279,213 ordinary shares, excluding 2,198,492 shares held in treasury. This figure is crucial for shareholders and others with notification obligations to determine their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.