RHI Magnesita NV (RHIM) AI Stock Analysis

• Market Cap: £964.95M
• Dividend Yield: 6.15%
• Average Volume (3M): 24.71K
• Price to Earnings (P/E): 23.2
• Beta (1Y): 1.61
• Revenue Growth: -5.74%
• EPS Growth: -75.29%
• Country: UK
• Employees: 29,207
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 1.18
• Shares Outstanding: 47,301,580
• 10 Day Avg. Volume: 21,327
• 30 Day Avg. Volume: 24,712
• PEG Ratio: -0.93
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 6.45
• 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: £3,578.33
• Price Target Upside: 44.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: 2,516.00p ▲(1.45% Upside)

RHI Magnesita NV's stock score is primarily influenced by its financial performance challenges, including declining profitability and high leverage. However, positive technical indicators and a strong dividend yield provide some balance. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Global Presence

The company's strong global presence and focus on innovation and sustainability provide a competitive advantage, ensuring long-term market relevance and customer retention.

Long-term Partnerships

Stable, long-term partnerships in key industries ensure consistent revenue streams, enhancing financial stability and reducing market volatility.

Product Innovation

Continuous R&D investment in product innovation helps maintain competitive positioning and adapt to changing industry demands, supporting future growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, especially in economic downturns, potentially impacting long-term financial health.

Declining Profitability

Decreasing profitability margins indicate operational challenges, which could hinder the company's ability to invest in growth and innovation.

Cash Flow Challenges

Reduced free cash flow growth limits the company's ability to fund operations and meet debt obligations, posing risks to financial stability.

RHI Magnesita NV Business Overview & Revenue Model

Company Description

RHI Magnesita NV (RHIM) is a leading global supplier of refractory products and solutions, catering to industries such as steel, cement, glass, and non-ferrous metals. The company specializes in manufacturing a wide range of refractory materials, including bricks, monolithics, and other high-temperature materials that are essential for maintaining furnace efficiency and operational integrity. With a strong presence in both developed and emerging markets, RHI Magnesita focuses on innovation and sustainability in its product offerings, ensuring high performance and environmental compliance.

How the Company Makes Money

RHI Magnesita derives its revenue primarily from the sale of refractory products and solutions across various industrial sectors. Key revenue streams include the sale of refractory materials, installation services, and consulting related to refractory applications. The company benefits from long-term partnerships with major clients in the steel and cement industries, which provide a steady demand for its products. Additionally, RHI Magnesita engages in research and development to innovate new products that meet the evolving needs of its customers, further enhancing its competitive position and revenue potential. The company also leverages its global footprint to optimize supply chain efficiency and reduce costs, contributing positively to its overall financial performance.

RHI Magnesita NV Financial Statement Overview

Summary

RHI Magnesita NV faces challenges across its financial statements. The income statement shows declining profitability and revenue, while the balance sheet highlights high leverage. Cash flow management is under pressure, with declining free cash flow growth. The company must address these issues to enhance financial stability and performance. However, past growth trends suggest potential for improvement if strategic adjustments are made.

Income Statement

RHI Magnesita NV shows a mixed performance in its income statement. The TTM revenue has decreased by 0.74%, indicating a decline in sales. Gross profit margin is stable at 22.7%, but net profit margin has dropped to 1.38%, reflecting reduced profitability. EBIT and EBITDA margins have also decreased, suggesting operational challenges. Despite these issues, the company has previously demonstrated strong revenue growth, which could indicate potential for recovery.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.86, indicating significant leverage, which could pose financial risks. Return on equity has decreased to 4.32%, showing reduced efficiency in generating returns for shareholders. The equity ratio stands at 22.4%, suggesting a moderate level of financial stability. While the company has managed its assets effectively in the past, the current leverage levels require careful monitoring.

Cash Flow

Cash flow analysis indicates a decline in free cash flow growth by 16.2% in the TTM period, highlighting cash generation challenges. The operating cash flow to net income ratio is 0.30, suggesting moderate cash conversion efficiency. The free cash flow to net income ratio is 0.63, indicating some ability to generate cash relative to net income. The company needs to focus on improving cash flow management to support its operations and debt obligations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.44B	3.49B	3.57B	3.32B	2.55B	2.26B
Gross Profit	780.00M	848.00M	857.40M	763.40M	583.50M	550.10M
EBITDA	416.40M	472.00M	507.30M	477.80M	463.20M	342.20M
Net Income	47.40M	142.00M	164.60M	155.70M	243.10M	24.80M
Balance Sheet
Total Assets	4.42B	4.58B	4.85B	4.07B	3.91B	3.05B
Cash, Cash Equivalents and Short-Term Investments	328.00M	577.00M	708.00M	495.50M	559.10M	587.20M
Total Debt	1.84B	1.82B	2.00B	1.67B	1.59B	1.19B
Total Liabilities	3.27B	3.20B	3.49B	3.03B	3.09B	2.39B
Stockholders Equity	991.00M	1.20B	1.20B	1.00B	785.90M	646.10M
Cash Flow
Free Cash Flow	207.70M	288.00M	320.20M	77.10M	-343.90M	162.10M
Operating Cash Flow	329.90M	433.00M	499.70M	233.80M	-91.80M	319.00M
Investing Cash Flow	-451.50M	-154.00M	-482.00M	-199.70M	-128.90M	-137.90M
Financing Cash Flow	-152.70M	-409.00M	173.00M	-83.90M	197.70M	-17.70M

RHI Magnesita NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2480.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 2480 is above the 20-day moving average (MA) of 2144.70, above the 50-day MA of 2097.92, and below the 200-day MA of 2666.20, indicating a neutral trend. The MACD of 83.17 indicates Negative momentum. The RSI at 74.51 is Negative, neither overbought nor oversold. The STOCH value of 97.76 is Negative, 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
SAG	73 Outperform	£243.67M	8.03	32.09%	1.47%	2.90%	419.40%
ASY	69 Neutral	£209.29M	12.20	38.39%	5.10%	-3.57%	-0.80%
RHIM	66 Neutral	£964.95M	23.16	4.21%	6.15%	-5.74%	-75.29%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MGAM	60 Neutral	£559.38M	20.35	8.04%	5.14%	-7.30%	-59.71%
XPP	58 Neutral	£285.16M	-17.98	-8.12%	―	-18.43%	24.86%
BOY	55 Neutral	£1.07B	38.73	4.10%	3.05%	-6.95%	-52.08%

RHI Magnesita NV Corporate Events

RHI Magnesita Reports Strong Performance Amid Market Challenges

RHI Magnesita reported a trading update for the period ending October 2025, showing an improvement in performance despite challenging market conditions. The company achieved an adjusted EBITA of €136 million over four months, with a 12.7% margin, surpassing the first half of the year. While steel volumes remained weak, the company saw growth in India and the Middle East, Africa, and Türkiye. Cost efficiency programs and plant closures in Germany contributed to margin improvements. The integration of former Resco plants is progressing well, enhancing the North American footprint. The company remains on track to meet its full-year adjusted EBITA target, with expectations of continued performance improvement into 2026.

The most recent analyst rating on (GB:RHIM) stock is a Hold with a £2189.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Appoints New Employee Representative Director

RHI Magnesita has announced the appointment of Yasmin-Sarah Solmazer as an Employee Representative Director on its Board, effective from January 1, 2026, for a four-year term. This appointment follows the stepping down of Michael Schwarz, who served in the role for eight years. The company looks forward to Solmazer’s contributions as a workforce representative, highlighting its commitment to employee representation in governance.

The most recent analyst rating on (GB:RHIM) stock is a Hold with a £2189.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Re-appoints Employee Representative Director

RHI Magnesita has announced the re-appointment of Dr. Martin Kowatsch as an Employee Representative Director of the Board, effective from November 1, 2025, for a four-year term. This decision, made by the Austrian Works Council, aligns with the company’s Articles of Association and reinforces its commitment to maintaining strong employee representation at the board level, potentially impacting its governance and stakeholder relations positively.

The most recent analyst rating on (GB:RHIM) stock is a Hold with a £2189.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

RHI Magnesita Announces Total Voting Rights Update

RHI Magnesita N.V. has announced its total voting rights as of September 30, 2025, with an issued share capital comprising 47,301,578 ordinary shares, excluding 2,176,127 shares held in treasury. This update is crucial for shareholders and stakeholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules, impacting how they manage their interests in the company.

The most recent analyst rating on (GB:RHIM) stock is a Hold with a £2500.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.