Rheinmetall (RHM) Stock Overview
Provides mobility and security technologies in Germany, Rest of Europe, North, Middle, and South America, Asia and the Near East, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 6/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
RHM Community Fair Values
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Analyst Price Targets
Top Community Narratives
Rheinmetall AG Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €1,111.60 |
| 52 Week High | €2,008.00 |
| 52 Week Low | €900.20 |
| Beta | 0.43 |
| 1 Month Change | -8.12% |
| 3 Month Change | -29.56% |
| 1 Year Change | -39.26% |
| 3 Year Change | 343.40% |
| 5 Year Change | 1,276.76% |
| Change since IPO | 8,790.80% |
Recent News & Updates
Recent updates
Narrative Update • Jun 29
RHM: Space And Defense Partnerships Will Support Long Term Earnings Visibility
Rheinmetall's updated analyst price target of €1,300, down from €1,700, reflects a reset in valuation multiples such as the future P/E along with recent Street target cuts, even as analysts broadly highlight the recent share pullback and selloff as a potential entry point. Analyst Commentary Recent research updates around Rheinmetall point to a more mixed setup, with several firms trimming price targets even when maintaining or upgrading their ratings.Analysis Article • Jun 20
Rheinmetall (XTRA:RHM) Stock Could Be 36% Undervalued After New Defense Partnerships
Rheinmetall (XTRA:RHM) has moved into focus after a series of defense partnerships, including a new agreement with Vantor to build a sovereign spatial intelligence platform for Germany and wider European armed forces. See our latest analysis for Rheinmetall. Against this backdrop of new defense partnerships, Rheinmetall’s share price has softened, with a 30-day share price return of 2.45% down and a 90-day share price return of 19.93% down, even though the 5-year total shareholder return is...
Narrative Update • Jun 15
RHM: Defence Contract Wins And Backlog Strength Will Drive Future Returns
Rheinmetall's consolidated analyst price target has been revised to €1,750, reflecting a mix of reduced targets and fresh Buy ratings as analysts respond to the recent share pullback and updated assumptions on discount rates, revenue growth and profit margins. Analyst Commentary Recent research points to a split in opinion on Rheinmetall, with some price targets reset lower while new Buy ratings are introduced.Narrative Update • Jun 01
RHM: Backlog And Defense Momentum Will Drive Future Returns
Rheinmetall's updated analyst price target has been trimmed by about €160 as analysts factor in a higher discount rate alongside slightly stronger revenue growth and profit margin assumptions, while recent research points to mixed rating actions and recalibrated targets following the share pullback and FY results reaction. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent share pullback as a reason the stock now looks more appealing, with some upgrades in stance tied directly to this reset in expectations.Narrative Update • Apr 29
RHM: Future Gains Will Be Driven By Backlog And Emerging Defense Energy Projects
Rheinmetall's updated analyst price target has shifted from about €2,220 to around €2,050, as analysts reassessed their fair value assumptions in light of slightly higher discount rates, modestly stronger revenue growth and profit margin inputs, and a lower future P/E multiple following recent research updates. Analyst Commentary Recent research on Rheinmetall reflects a mix of optimism and caution, with several firms adjusting price targets and views as they incorporate fresh earnings data, valuation inputs, and updated assumptions on growth and profitability.
Narrative Update • Apr 14
RHM: Backlog And Bundeswehr Satellite Project Will Support Future Earnings Power
Analysts have modestly adjusted their price targets on Rheinmetall, with recent moves around the €2,020 mark reflecting mixed views on slightly softer FY results, a strong backlog, and a valuation that some see as appealing on longer term P/E metrics. Analyst Commentary Recent Street research on Rheinmetall points to a split view, with some institutions trimming price targets while others remain constructive on the longer term story.Narrative Update • Mar 31
RHM: Defense Backlog And Space Contract Pipeline Will Support Future Earnings Power
Rheinmetall's analyst fair value has shifted modestly to €2,500.00, as analysts balance slightly weaker recent results and lower price targets with what they continue to describe as a solid backlog and appealing longer term valuation, supported by higher modeled revenue growth but tempered profit margins and a higher future P/E assumption. Analyst Commentary Recent research has tilted toward more cautious price targets, but the tone around Rheinmetall's order book, medium term outlook and valuation remains constructive.Narrative Update • Mar 17
RHM: Space Contracts And Cautious Sentiment Will Shape Long Term Earnings Visibility
Rheinmetall's analyst fair value estimate has been trimmed from €1,806.87 to €1,700.00, reflecting recent cuts to Street price targets after slightly weaker than expected FY results, even as analysts point to a solid backlog and what they view as a still appealing valuation. Analyst Commentary Street research around Rheinmetall has turned more cautious at the margin, with a cluster of reduced price targets following slightly weaker than expected FY results and a sharp share price reaction.Narrative Update • Mar 03
RHM: Space Reconnaissance Contract Will Support Future Margins And Earnings Power
Rheinmetall's updated analyst price target has shifted modestly, reflecting recent cuts of around €100 to €120 from several banks as analysts refine their views on revenue growth, profit margins, and the appropriate future P/E multiple. Analyst Commentary Recent research shows a mixed but still constructive stance, with several price target cuts sitting alongside at least one increase.Narrative Update • Feb 17
RHM: Space Data Contract Will Support Future Margins And Earnings
Rheinmetall's analyst price targets have shifted lower by around €100 as analysts factor in updated growth expectations, a slightly higher discount rate, and modestly adjusted assumptions for margins and future P/E multiples. Analyst Commentary Recent Street research on Rheinmetall reflects a mix of recalibrated targets and ongoing conviction, as analysts refresh their models for growth, margins, and valuation multiples.Narrative Update • Feb 02
RHM: Space Surveillance Contract And Mixed Sentiment Will Shape Long Term Earnings Visibility
Rheinmetall's analyst price targets have seen mixed adjustments recently, with one cut to €2,200 and another raised by €20, as analysts fine tune their views using slightly lower discount rates and modest tweaks to growth, margins and future P/E assumptions. Analyst Commentary Recent research has highlighted both incremental optimism and fresh caution around Rheinmetall, with price target changes clustering in a relatively tight range as analysts adjust assumptions on growth, margins and P/E multiples.Narrative Update • Jan 19
RHM: Space Reconnaissance Contract Will Support Stronger Margins And Earnings Ahead
Analysts have trimmed their price expectations for Rheinmetall, with the latest target moving from €2,340 to €2,200, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish analysts remain constructive on Rheinmetall, even after the latest adjustment to price assumptions.Analysis Article • Jan 16
Rheinmetall AG (ETR:RHM) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Rheinmetall AG ( ETR:RHM ) shares have had a really impressive month, gaining 27% after a shaky period beforehand. The...Narrative Update • Jan 05
RHM: Space Surveillance Contract Will Support Higher Long Term Earnings Visibility
Rheinmetall's analyst fair value estimate has been lifted from €1,596 to €1,809, reflecting higher price targets from several banks as analysts factor in updated assumptions on revenue growth, profit margins, and a slightly lower future P/E multiple. Analyst Commentary Recent Street research on Rheinmetall has centered on higher price targets in absolute terms, with several banks updating their models to reflect new assumptions on revenue, margins, and future P/E levels.Narrative Update • Dec 18
RHM: European Rearmament Cycle Will Support Stronger Margins And Earnings Ahead
Analysts have raised their price target on Rheinmetall to EUR 2,500 from EUR 2,300, reflecting stronger profit margin expectations and a series of upward target revisions across the Street, despite only modest tweaks to growth and discount rate assumptions. Analyst Commentary Bullish analysts highlight a series of upward price target revisions for Rheinmetall, pointing to improving confidence in the companys medium term growth and profitability profile.Narrative Update • Dec 03
RHM: Future Gains Will Be Driven By Expanding European Defense Shipbuilding Focus
The analyst price target for Rheinmetall has been raised by about EUR 50 to roughly EUR 2,220, as analysts point to sustained order visibility, incremental margin improvement and supportive sector re-rating, reflected in a series of recent Buy and Overweight initiations and target upgrades. Analyst Commentary Recent research updates underscore a broadly constructive stance on Rheinmetall, with multiple price target increases clustered around the EUR 2,000 to EUR 2,300 range.Narrative Update • Nov 19
RHM: Share Price Will Gain From Expansion Into Defense Shipbuilding Market
Rheinmetall's updated analyst price target has seen a moderate increase to approximately EUR 2,170 from EUR 2,150. Analysts cite stronger expected revenue growth and sector tailwinds, while noting slightly lower anticipated profit margins and elevated valuation levels.Analysis Article • Nov 14
Rheinmetall's (ETR:RHM) Shareholders May Want To Dig Deeper Than Statutory Profit
Following the solid earnings report from Rheinmetall AG ( ETR:RHM ), the market responded by bidding up the stock...Narrative Update • Nov 05
RHM: Share Price Momentum Will Benefit From European Defense Expansion Plans
Rheinmetall's analyst price target has been modestly increased from approximately €2,168 to €2,176. Analysts cite continued strength in revenue growth, improved margin outlook, and broad institutional confidence following several target raises across the sector.Narrative Update • Oct 22
Analysts Highlight Cautious Optimism Amid Valuation Gains and Strategic Shifts at Rheinmetall
Rheinmetall’s analyst fair value target rose slightly from €2,161.56 to €2,167.81. Analysts see sustained sector momentum and increased order visibility supporting modest upside for the shares.Narrative Update • Oct 08
Rising NATO And European Budgets Will Drive Production Integration
Rheinmetall's analyst price target has been modestly increased from €2,124 to €2,162, reflecting analysts' view that while the company benefits from robust defense sector demand and strong order visibility, elevated valuations call for a measured and selective outlook. Analyst Commentary Recent coverage initiations reflect a balanced view of Rheinmetall's position within the European defense sector, with analysts acknowledging both growth catalysts and valuation concerns.Narrative Update • Sep 19
Rising NATO And European Budgets Will Drive Production Integration
Analysts have raised their price target for Rheinmetall to €2124, citing the company's leading role in Europe's historic defense rearmament, growing order visibility, and accelerated organic sales growth forecasts through 2030. Analyst Commentary Bullish analysts highlight Rheinmetall's position at the forefront of a historic rearmament cycle in Europe, marking the largest defense build-up since the Cold War.Narrative Update • Sep 04
Rising NATO And European Budgets Will Drive Production Integration
Analysts maintain an Overweight view on Rheinmetall amid strong expectations for organic sales growth, upward EPS revisions, and robust defense-sector momentum, resulting in an unchanged consensus price target of €2102. Analyst Commentary Raised expectations for sustained strong organic sales growth, with forecasts of 25% average annual growth from 2025 to 2030.
New Narrative • Jul 01
From 8 052 € to 300 € ?
450% in 5 yearsOn April 17, 2025, Armin Papperger, Rheinmetall's CEO, said he expects orders to grow 450% by 2030.Source: https://finance.yahoo.com/news/rheinmetall-ceo-expects-order-book-113644072.ht
New Narrative • Mar 20
Rheinmetall could get 20-25% of EU-NATO 3%-GDP defence spending
If European NATO members would raise their military spending to ~3% of their GDP, this would mean a combined yearly spending of over 500b€.Rheinmetall management assumed on 12th March 2025 that 20% to
New Narrative • Nov 10
Calculated Defense Alliances Propel Impressive Growth And Profitability
Strategic alliances and joint ventures are set to amplify technological advancements, revenue, and profitability.Shareholder Returns
| RHM | DE Aerospace & Defense | DE Market | |
|---|---|---|---|
| 7D | 12.2% | 13.2% | 4.3% |
| 1Y | -39.3% | -24.9% | 2.9% |
Return vs Industry: RHM underperformed the German Aerospace & Defense industry which returned -24.9% over the past year.
Return vs Market: RHM underperformed the German Market which returned 2.9% over the past year.
Price Volatility
| RHM volatility | |
|---|---|
| RHM Average Weekly Movement | 8.4% |
| Aerospace & Defense Industry Average Movement | 8.4% |
| Market Average Movement | 5.6% |
| 10% most volatile stocks in DE Market | 12.6% |
| 10% least volatile stocks in DE Market | 2.7% |
Stable Share Price: RHM's share price has been volatile over the past 3 months compared to the German market.
Volatility Over Time: RHM's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1889 | 28,815 | Armin Papperger | www.rheinmetall.com |
Rheinmetall AG provides mobility and security technologies in Germany, Rest of Europe, North, Middle, and South America, Asia and the Near East, and internationally. The company operates through the Vehicle Systems, Weapon and Ammunition, and Electronic Solutions segments. Its Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.
Rheinmetall AG Fundamentals Summary
| RHM fundamental statistics | |
|---|---|
| Market cap | €51.75b |
| Earnings (TTM) | €1.05b |
| Revenue (TTM) | €10.07b |
49.3x
P/E Ratio5.1x
P/S RatioIs RHM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RHM income statement (TTM) | |
|---|---|
| Revenue | €10.07b |
| Cost of Revenue | €4.69b |
| Gross Profit | €5.39b |
| Other Expenses | €4.34b |
| Earnings | €1.05b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 06, 2026
| Earnings per share (EPS) | 22.56 |
| Gross Margin | 53.47% |
| Net Profit Margin | 10.42% |
| Debt/Equity Ratio | 35.9% |
How did RHM perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield50%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 23:24 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rheinmetall AG is covered by 33 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lourdes Dominguez | Banco Santander |
| Charlotte Keyworth | Barclays |
| Afonso Osorio | Barclays |