Rheinmetall Ag Unsponsored Adr (RNMBY)
OTHER OTC:RNMBY
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Rheinmetall
(OTC:RNMBY)
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Rating:60Neutral
Price Target:
$350.00
▲(0.96% Upside)
Action:ReiteratedDate:03/17/26
The score is primarily supported by strong recent cash-flow performance and a strengthening balance sheet, which lift financial performance. This is tempered by weak technical momentum (price below key moving averages and negative MACD) and a demanding valuation (high P/E with a low dividend yield).
Positive Factors
Improving cash generation
Operating cash flow rose sharply in 2024 and again in 2025, and free cash flow is materially higher in 2025 versus 2024. Sustained cash conversion supports reinvestment, funds lifecycle support and R&D, and reduces reliance on external financing over the medium term.
Negative Factors
2025 revenue decline
Revenue fell roughly 13% in 2025 after prior expansion, highlighting sensitivity to contract timing and award schedules. Such material top‑line swings can pressure capacity utilization, complicate medium‑term planning and weaken the predictability of earnings through procurement cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Operating cash flow rose sharply in 2024 and again in 2025, and free cash flow is materially higher in 2025 versus 2024. Sustained cash conversion supports reinvestment, funds lifecycle support and R&D, and reduces reliance on external financing over the medium term.
Read all positive factors
Rheinmetall (RNMBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$84.17B
Dividend Yield0.5%
Average Volume (3M)11.59K
Price to Earnings (P/E)26.3
Beta (1Y)0.53
Revenue Growth26.96%
EPS Growth46.74%
CountryUS
Employees29,515
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)3.25
Shares Outstanding232,787,020
10 Day Avg. Volume23,107
30 Day Avg. Volume11,592
Financial Highlights & Ratios
PEG Ratio2.21
Price to Book (P/B)9.51
Price to Sales (P/S)4.99
P/FCF Ratio35.07
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue7.20
Enterprise Value/Gross Profit14.49
Enterprise Value/Ebitda39.21
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.09
Revenue Forecast (FY)$16.68B
Rheinmetall Business Overview & Revenue Model
Company Description
Rheinmetall AG provides technologies to the mobility and security sectors worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle S...
How the Company Makes Money
Rheinmetall makes money mainly by selling defense products and services to government customers and allied procurement agencies, typically under multi-year procurement contracts. Key revenue streams include: (1) Vehicle systems: development, produ...
Rheinmetall Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant growth in the defense segment, strategic partnerships, and an upgraded credit rating. However, challenges remain in the civil business segment, and there are potential delays in production due to unforeseen events like the Murcia fire.Positive Updates
Record Sales Growth in Defense Segment
Sales growth in the defense segment increased by 33%, reaching EUR 1.795 billion. Overall group sales grew by 46% to EUR 2.305 billion.
Negative Updates
Struggles in Civil Business
The civil business segment continues to struggle, with a decline in sales year-on-year by 7% and a profit margin of only 1.8%.
Read all updates
Q1-2025 Updates
Positive
Negative
Record Sales Growth in Defense Segment
Sales growth in the defense segment increased by 33%, reaching EUR 1.795 billion. Overall group sales grew by 46% to EUR 2.305 billion.
Read all positive updates
Company Guidance
In the first quarter of 2025, Rheinmetall reported a robust performance, particularly in its defense segment, with sales soaring by 33% to EUR1.795 billion and an impressive 46% growth on a group level to EUR2.305 billion. The defense operating results surged by 96% to EUR206 million, achieving a record operating margin of 11.5%, while the group's operational margin stood at 8.7%. The company's backlog expanded by 56% to over EUR62 billion, with nominations skyrocketing by 181% to more than EUR11 billion. Additionally, Rheinmetall received 70,000 applications in Q1, signaling strong workforce interest. The operational free cash flow increased by EUR454 million compared to the previous year, reaching over EUR0.25 billion. CapEx was managed at 6.6%, and the company anticipates needing to invest more in the coming years. The outlook for Rheinmetall remains optimistic, with expectations of significant contributions from planned joint ventures and increased defense spending across Europe.Rheinmetall Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.54B | 9.75B | 7.18B | 6.41B | 5.66B |
| Gross Profit | 2.31B | 5.06B | 3.94B | 3.38B | 3.03B |
| EBITDA | 1.82B | 1.77B | 1.23B | 960.00M | 838.00M |
| Net Income | 668.53M | 717.00M | 535.00M | 474.00M | 432.00M |
Balance Sheet | |||||
| Total Assets | 17.07B | 14.34B | 11.71B | 8.09B | 7.73B |
| Cash, Cash Equivalents and Short-Term Investments | 1.65B | 1.25B | 915.00M | 696.00M | 1.22B |
| Total Debt | 1.28B | 2.42B | 1.91B | 972.00M | 921.00M |
| Total Liabilities | 11.46B | 9.88B | 8.06B | 5.01B | 5.11B |
| Stockholders Equity | 5.01B | 4.05B | 3.32B | 2.81B | 2.42B |
Cash Flow | |||||
| Free Cash Flow | 1.36B | 988.00M | 345.00M | -175.00M | 419.00M |
| Operating Cash Flow | 2.20B | 1.72B | 743.00M | 174.00M | 690.00M |
| Investing Cash Flow | -809.73M | -1.17B | -1.18B | -534.00M | -462.00M |
| Financing Cash Flow | -827.02M | -234.00M | 746.00M | -131.00M | -202.00M |
Rheinmetall Technical Analysis
Neutral
346.66
Price Trends
375.96
Negative
381.61
Negative
398.07
Negative
Market Momentum
-4.63
Negative
50.68
Neutral
86.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNMBY, the sentiment is Neutral. The current price of 346.66 is below the 20-day moving average (MA) of 352.89, below the 50-day MA of 375.96, and below the 200-day MA of 398.07, indicating a neutral trend. The MACD of -4.63 indicates Negative momentum. The RSI at 50.68 is Neutral, neither overbought nor oversold. The STOCH value of 86.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RNMBY.
Rheinmetall Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $98.01B | 19.57 | 26.50% | 1.55% | -0.14% | 72.35% | |
75 Outperform | $66.86B | 47.45 | 8.28% | 1.61% | 2.83% | 47.00% | |
74 Outperform | $92.99B | 21.58 | 17.57% | 1.73% | 11.86% | 17.39% | |
74 Outperform | $143.54B | 22.26 | 80.53% | 2.77% | 2.88% | -35.15% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $84.17B | 26.31 | 14.96% | 0.50% | 26.96% | 46.74% | |
56 Neutral | $172.93B | 74.05 | -94.94% | ― | 10.19% | -6.03% |
* Industrials Sector Average
RNMBY
Rheinmetall
362.27
54.90
17.86%
BA
Boeing
220.06
64.54
41.50%
GD
General Dynamics
343.90
77.23
28.96%
LHX
L3Harris Technologies
357.97
148.06
70.53%
LMT
Lockheed Martin
623.87
172.50
38.22%
NOC
Northrop Grumman
690.57
182.64
35.96%
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.