- Rheinmetall forecasts sales of about EU10 billion in 2024, higher than the estimated EU9.59 billion.
- The company expects an operating margin of 14% to 15%, slightly higher than the estimated 14.4%.
- In 2023, Rheinmetall’s operating profit was EU918 million, slightly below the estimate of EU924.5 million.
- The dividend per share for 2023 was EU5.70, significantly higher than the previous year’s EU4.30 and above the estimated EU5.10.
- Rheinmetall’s sales in 2023 were EU7.18 billion, a 12% increase from the previous year, although slightly below the estimated EU7.47 billion.
- Vehicles Systems sales amounted to EU2.61 billion in 2023, a 15% increase from the previous year, but below the estimated EU2.74 billion.
- Weapon and Ammunition sales in 2023 were EU1.85 billion, below the estimated EU2.01 billion.
- Electronic Solutions sales in 2023 met the estimate of EU1.23 billion.
- Sensors and Actuators sales in 2023 were EU1.42 billion.
- The operating margin in 2023 was 12.8%, higher than the estimated 12.4%.
- Rheinmetall’s profit after tax in 2023 was EU586 million.
- The company expects significant sales growth and an improvement in its operating result in fiscal 2024.
- Fiscal 2023 was marked by significant sales increases in Vehicle Systems and Weapon and Ammunition.
A look at Rheinmetall AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Rheinmetall AG, a leading automotive, electronics, defense, and engineering group, has a positive long-term outlook according to the Smartkarma Smart Scores. The company scores a 5 in growth, indicating a strong potential for future expansion and development. This is supported by its diverse range of products, including automotive pumps and components, pistons, and bearings for engines. Additionally, Rheinmetall AG offers aftermarket services, showing its commitment to providing quality support to its customers.
Furthermore, the company scores a 3 in resilience, indicating its ability to withstand potential challenges and maintain stability. This is a crucial factor for a company operating in multiple industries. With a score of 2 in both value and dividend, Rheinmetall AG may not be considered a bargain investment, but it still offers a steady return to its shareholders. Finally, the company scores a perfect 5 in momentum, indicating its strong performance and potential for continued growth in the near future. Overall, Rheinmetall AG‘s Smartkarma Smart Scores suggest a promising outlook for the company’s future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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