Company Valuation: Rheinmetall AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,588 8,037 12,451 26,684 71,620 68,971 - -
Change - 123.99% 54.92% 114.32% 168.4% -3.7% - -
Enterprise Value (EV) 1 3,470 8,463 13,514 27,923 71,251 66,711 65,722 64,356
Change - 143.89% 59.68% 106.63% 155.17% -6.37% -1.48% -2.08%
P/E ratio 12.4x 17.2x 23.8x 38.5x 70x 41.2x 27.8x 20.2x
PBR 1.49x 2.87x 4.01x 7.08x 14.5x 10.6x 8.11x 6.29x
PEG - 0.3x 2.1x 1.2x 1.8x 0.7x 0.6x 0.5x
Capitalization / Revenue 0.63x 1.25x 1.74x 2.74x 7.21x 4.88x 3.61x 2.73x
EV / Revenue 0.61x 1.32x 1.88x 2.86x 7.17x 4.72x 3.44x 2.55x
EV / EBITDA 4.03x 8.64x 11x 14.8x 32.6x 20.7x 14.5x 10.4x
EV / EBIT 5.71x 11.6x 15.1x 20.8x 42.3x 25.4x 17.5x 12.6x
EV / FCF 8.28x -48.4x 39.2x 28.3x 50.4x 29.9x 35.9x 22.9x
FCF Yield 12.1% -2.07% 2.55% 3.54% 1.99% 3.35% 2.79% 4.36%
Dividend per Share 2 3.3 4.3 5.7 8.1 11.5 15.81 23.51 32
Rate of return 3.97% 2.31% 1.99% 1.32% 0.74% 1.06% 1.58% 2.15%
EPS 2 6.72 10.82 12.07 15.96 22.29 36.09 53.42 73.61
Distribution rate 49.1% 39.7% 47.2% 50.8% 51.6% 43.8% 44% 43.5%
Net sales 1 5,658 6,410 7,176 9,751 9,935 14,123 19,103 25,286
EBITDA 1 862 980 1,226 1,881 2,185 3,224 4,539 6,180
EBIT 1 608 731 897 1,345 1,684 2,627 3,759 5,094
Net income 1 291 469 535 717 1,028 1,647 2,439 3,357
Net Debt 1 -118 426 1,063 1,239 -369 -2,260 -3,249 -4,615
Reference price 2 83.06 186.05 287.00 614.60 1,561.00 1,486.60 1,486.60 1,486.60
Nbr of stocks (in thousands) 43,197 43,197 43,382 43,417 45,881 46,395 - -
Announcement Date 17/03/22 16/03/23 14/03/24 12/03/25 11/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.19x4.72x20.69x1.06% 81.38B
38.06x7.06x29.38x0.55% 332B
35.89x3.21x19.05x1.43% 273B
35.37x4.71x21.61x0.94% 148B
24.31x2.41x17.06x1.43% 96.6B
20.85x1.75x14.37x1.85% 91.92B
28.52x2.17x15.48x1.77% 90.49B
30.89x3.17x17.36x1.41% 66.41B
34.47x2.74x15.71x0.34% 53.3B
62.94x4.71x38.21x0.43% 43.19B
Average 35.25x 3.66x 20.89x 1.12% 127.61B
Weighted average by Cap. 34.85x 4.27x 21.82x 1.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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