Company Valuation: Rheinmetall AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 3,730 3,588 8,037 12,451 26,684 72,721 - -
Change - -3.81% 123.99% 54.92% 114.32% 172.52% - -
Enterprise Value (EV) 1 3,726 3,470 8,463 13,514 27,923 73,393 72,554 71,413
Change - -6.87% 143.89% 59.68% 106.63% 162.84% -1.14% -1.57%
P/E ratio -140x 12.4x 17.2x 23.8x 38.5x 58.4x 39.1x 26x
PBR 1.98x 1.49x 2.87x 4.01x 7.08x 14.4x 11x 8.26x
PEG - -0x 0.3x 2.1x 1.2x 0.8x 0.8x 0.5x
Capitalization / Revenue 0.63x 0.63x 1.25x 1.74x 2.74x 5.81x 4.31x 3.19x
EV / Revenue 0.63x 0.61x 1.32x 1.88x 2.86x 5.87x 4.3x 3.13x
EV / EBITDA 5.76x 4.03x 8.64x 11x 14.8x 29.6x 20.6x 14.2x
EV / EBIT 8.75x 5.71x 11.6x 15.1x 20.8x 37.4x 25.5x 17.1x
EV / FCF 17.2x 8.28x -48.4x 39.2x 28.3x 83.9x 68.1x 41.1x
FCF Yield 5.82% 12.1% -2.07% 2.55% 3.54% 1.19% 1.47% 2.43%
Dividend per Share 2 2 3.3 4.3 5.7 8.1 11.36 17.04 24.92
Rate of return 2.31% 3.97% 2.31% 1.99% 1.32% 0.72% 1.07% 1.57%
EPS 2 -0.62 6.72 10.82 12.07 15.96 27.14 40.49 60.94
Distribution rate -323% 49.1% 39.7% 47.2% 50.8% 41.9% 42.1% 40.9%
Net sales 1 5,875 5,658 6,410 7,176 9,751 12,512 16,866 22,817
EBITDA 1 647 862 980 1,226 1,881 2,483 3,518 5,045
EBIT 1 426 608 731 897 1,345 1,963 2,850 4,172
Net income 1 -27 291 469 535 717 1,201 1,819 2,743
Net Debt 1 -4 -118 426 1,063 1,239 671.6 -167.5 -1,308
Reference price 2 86.58 83.06 186.05 287.00 614.60 1,585.00 1,585.00 1,585.00
Nbr of stocks (in thousands) 43,083 43,197 43,197 43,382 43,417 45,881 - -
Announcement Date 01/03/21 17/03/22 16/03/23 14/03/24 12/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
58.4x5.87x29.55x0.72% 84.48B
39.92x7.44x30.59x0.49% 303B
34.58x3.01x17.96x1.52% 230B
18.97x4.63x22.01x0.8% 123B
21.84x1.85x15.32x1.78% 90.63B
21.25x2.16x15.28x1.59% 79B
23.91x1.85x13.36x2.12% 67.04B
29.67x2.87x15.9x1.7% 52.68B
373.47x15.77x63.02x-.--% 43.65B
46.06x9.84x34.45x0.82% 31.34B
Average 66.81x 5.53x 25.74x 1.15% 110.51B
Weighted average by Cap. 46.95x 5.09x 24.22x 1.09%
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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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  4. Valuation Rheinmetall AG