Rheinmetall AG
RHM: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€639.00 | Wqqd | Gbswmzyqb |
Rheinmetall Earnings: Exceptionally Strong Results Lead to a Record Backlog
Wide-moat Rheinmetall reported a very strong second quarter, marked by significant financial growth and strategic advancements across its divisions. The company confirmed its full-year guidance with 91% of full-year sales coverage already reached in the first half of the year and 50% of the projected EUR 10 billion full-year sales target already delivered. We are maintaining our fair value estimate and consider shares undervalued.