RATIONAL AG (RAA.DE) Fundamental Analysis & Valuation

FRA:RAA • DE0007010803

670 EUR
-8 (-1.18%)
Last: Mar 13, 2026, 03:26 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This RAA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

RAA gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 109 industry peers in the Machinery industry. RAA has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, RAA is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

9

1. RAA.DE Profitability Analysis

1.1 Basic Checks

  • In the past year RAA was profitable.
  • In the past year RAA had a positive cash flow from operations.
  • RAA had positive earnings in each of the past 5 years.
  • In the past 5 years RAA always reported a positive cash flow from operatings.
RAA.DE Yearly Net Income VS EBIT VS OCF VS FCFRAA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 23.02%, RAA belongs to the top of the industry, outperforming 99.08% of the companies in the same industry.
  • RAA has a Return On Equity of 29.30%. This is amongst the best in the industry. RAA outperforms 95.41% of its industry peers.
  • The Return On Invested Capital of RAA (26.84%) is better than 97.25% of its industry peers.
  • RAA had an Average Return On Invested Capital over the past 3 years of 26.53%. This is significantly above the industry average of 8.83%.
  • The 3 year average ROIC (26.53%) for RAA is below the current ROIC(26.84%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 23.02%
ROE 29.3%
ROIC 26.84%
ROA(3y)21.65%
ROA(5y)18.53%
ROE(3y)28.28%
ROE(5y)24.06%
ROIC(3y)26.53%
ROIC(5y)22.8%
RAA.DE Yearly ROA, ROE, ROICRAA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • RAA's Profit Margin of 20.63% is amongst the best of the industry. RAA outperforms 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of RAA has remained more or less at the same level.
  • The Operating Margin of RAA (26.05%) is better than 97.25% of its industry peers.
  • In the last couple of years the Operating Margin of RAA has remained more or less at the same level.
  • RAA has a better Gross Margin (59.03%) than 79.82% of its industry peers.
  • In the last couple of years the Gross Margin of RAA has remained more or less at the same level.
Industry RankSector Rank
OM 26.05%
PM (TTM) 20.63%
GM 59.03%
OM growth 3Y10.14%
OM growth 5Y0.65%
PM growth 3Y9.79%
PM growth 5Y0.63%
GM growth 3Y2.45%
GM growth 5Y0.08%
RAA.DE Yearly Profit, Operating, Gross MarginsRAA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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10

2. RAA.DE Health Analysis

2.1 Basic Checks

  • RAA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • RAA has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for RAA remains at a similar level compared to 5 years ago.
  • Compared to 1 year ago, RAA has an improved debt to assets ratio.
RAA.DE Yearly Shares OutstandingRAA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
RAA.DE Yearly Total Debt VS Total AssetsRAA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 23.31 indicates that RAA is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of RAA (23.31) is better than 100.00% of its industry peers.
  • The Debt to FCF ratio of RAA is 0.12, which is an excellent value as it means it would take RAA, only 0.12 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of RAA (0.12) is better than 98.17% of its industry peers.
  • RAA has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.02, RAA belongs to the top of the industry, outperforming 93.58% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.12
Altman-Z 23.31
ROIC/WACC3.61
WACC7.43%
RAA.DE Yearly LT Debt VS Equity VS FCFRAA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 4.24 indicates that RAA has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 4.24, RAA belongs to the top of the industry, outperforming 95.41% of the companies in the same industry.
  • RAA has a Quick Ratio of 3.61. This indicates that RAA is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of RAA (3.61) is better than 96.33% of its industry peers.
Industry RankSector Rank
Current Ratio 4.24
Quick Ratio 3.61
RAA.DE Yearly Current Assets VS Current LiabilitesRAA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. RAA.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 16.01% over the past year.
  • Measured over the past 5 years, RAA shows a small growth in Earnings Per Share. The EPS has been growing by 7.89% on average per year.
  • RAA shows a small growth in Revenue. In the last year, the Revenue has grown by 6.01%.
  • The Revenue has been growing slightly by 7.19% on average over the past years.
EPS 1Y (TTM)16.01%
EPS 3Y26.47%
EPS 5Y7.89%
EPS Q2Q%N/A
Revenue 1Y (TTM)6.01%
Revenue growth 3Y15.25%
Revenue growth 5Y7.19%
Sales Q2Q%7.22%

3.2 Future

  • RAA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.66% yearly.
  • RAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.74% yearly.
EPS Next Y2.16%
EPS Next 2Y3.79%
EPS Next 3Y5.52%
EPS Next 5Y5.66%
Revenue Next Year5.25%
Revenue Next 2Y6.26%
Revenue Next 3Y6.65%
Revenue Next 5Y6.74%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
RAA.DE Yearly Revenue VS EstimatesRAA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B
RAA.DE Yearly EPS VS EstimatesRAA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5 10 15 20 25

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2

4. RAA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 30.41, which means the current valuation is very expensive for RAA.
  • The rest of the industry has a similar Price/Earnings ratio as RAA.
  • RAA's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.71.
  • With a Price/Forward Earnings ratio of 28.23, RAA can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, RAA is valued a bit more expensive than 73.39% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of RAA to the average of the S&P500 Index (23.82), we can say RAA is valued inline with the index average.
Industry RankSector Rank
PE 30.41
Fwd PE 28.23
RAA.DE Price Earnings VS Forward Price EarningsRAA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RAA indicates a slightly more expensive valuation: RAA is more expensive than 72.48% of the companies listed in the same industry.
  • 61.47% of the companies in the same industry are cheaper than RAA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 32.34
EV/EBITDA 19.15
RAA.DE Per share dataRAA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • RAA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)14.06
PEG (5Y)3.85
EPS Next 2Y3.79%
EPS Next 3Y5.52%

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4

5. RAA.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.16%, RAA has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.45, RAA pays a bit more dividend than its industry peers.
  • RAA's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.16%

5.2 History

  • On average, the dividend of RAA grows each year by 7.28%, which is quite nice.
Dividend Growth(5Y)7.28%
Div Incr Years1
Div Non Decr Years4
RAA.DE Yearly Dividends per shareRAA.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

5.3 Sustainability

  • RAA pays out 66.86% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of RAA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP66.86%
EPS Next 2Y3.79%
EPS Next 3Y5.52%
RAA.DE Yearly Income VS Free CF VS DividendRAA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
RAA.DE Dividend Payout.RAA.DE Dividend Payout, showing the Payout Ratio.RAA.DE Dividend Payout.PayoutRetained Earnings

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RAA.DE Fundamentals: All Metrics, Ratios and Statistics

RATIONAL AG

FRA:RAA (3/13/2026, 3:26:01 PM)

670

-8 (-1.18%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)11-06
Earnings (Next)03-19
Inst Owners27.15%
Inst Owner ChangeN/A
Ins Owners23.4%
Ins Owner ChangeN/A
Market Cap7.62B
Revenue(TTM)1.19B
Net Income(TTM)255.09M
Analysts72.73
Price Target797.58 (19.04%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.16%
Yearly Dividend13.5
Dividend Growth(5Y)7.28%
DP66.86%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.72%
Min EPS beat(2)4.56%
Max EPS beat(2)4.87%
EPS beat(4)3
Avg EPS beat(4)4.51%
Min EPS beat(4)-4.44%
Max EPS beat(4)13.06%
EPS beat(8)6
Avg EPS beat(8)4.28%
EPS beat(12)10
Avg EPS beat(12)5.37%
EPS beat(16)13
Avg EPS beat(16)6.23%
Revenue beat(2)1
Avg Revenue beat(2)-0.13%
Min Revenue beat(2)-0.28%
Max Revenue beat(2)0.02%
Revenue beat(4)2
Avg Revenue beat(4)-0.65%
Min Revenue beat(4)-2.64%
Max Revenue beat(4)0.31%
Revenue beat(8)4
Avg Revenue beat(8)-0.3%
Revenue beat(12)6
Avg Revenue beat(12)0.06%
Revenue beat(16)9
Avg Revenue beat(16)0.67%
PT rev (1m)3.32%
PT rev (3m)4.26%
EPS NQ rev (1m)4.2%
EPS NQ rev (3m)4.95%
EPS NY rev (1m)1.49%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-0.74%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.08%
Valuation
Industry RankSector Rank
PE 30.41
Fwd PE 28.23
P/S 6.16
P/FCF 32.34
P/OCF 29.01
P/B 8.75
P/tB 8.91
EV/EBITDA 19.15
EPS(TTM)22.03
EY3.29%
EPS(NY)23.73
Fwd EY3.54%
FCF(TTM)20.72
FCFY3.09%
OCF(TTM)23.1
OCFY3.45%
SpS108.73
BVpS76.57
TBVpS75.21
PEG (NY)14.06
PEG (5Y)3.85
Graham Number194.82
Profitability
Industry RankSector Rank
ROA 23.02%
ROE 29.3%
ROCE 35.27%
ROIC 26.84%
ROICexc 59.19%
ROICexgc 61.51%
OM 26.05%
PM (TTM) 20.63%
GM 59.03%
FCFM 19.05%
ROA(3y)21.65%
ROA(5y)18.53%
ROE(3y)28.28%
ROE(5y)24.06%
ROIC(3y)26.53%
ROIC(5y)22.8%
ROICexc(3y)53.5%
ROICexc(5y)45.48%
ROICexgc(3y)56.13%
ROICexgc(5y)47.4%
ROCE(3y)34.86%
ROCE(5y)29.96%
ROICexgc growth 3Y16.28%
ROICexgc growth 5Y0%
ROICexc growth 3Y15.5%
ROICexc growth 5Y-0.41%
OM growth 3Y10.14%
OM growth 5Y0.65%
PM growth 3Y9.79%
PM growth 5Y0.63%
GM growth 3Y2.45%
GM growth 5Y0.08%
F-Score6
Asset Turnover1.12
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.12
Debt/EBITDA 0.04
Cap/Depr 70%
Cap/Sales 2.19%
Interest Coverage 227.91
Cash Conversion 72.81%
Profit Quality 92.34%
Current Ratio 4.24
Quick Ratio 3.61
Altman-Z 23.31
F-Score6
WACC7.43%
ROIC/WACC3.61
Cap/Depr(3y)103.66%
Cap/Depr(5y)102.05%
Cap/Sales(3y)3.12%
Cap/Sales(5y)3.56%
Profit Quality(3y)90.46%
Profit Quality(5y)92.68%
High Growth Momentum
Growth
EPS 1Y (TTM)16.01%
EPS 3Y26.47%
EPS 5Y7.89%
EPS Q2Q%N/A
EPS Next Y2.16%
EPS Next 2Y3.79%
EPS Next 3Y5.52%
EPS Next 5Y5.66%
Revenue 1Y (TTM)6.01%
Revenue growth 3Y15.25%
Revenue growth 5Y7.19%
Sales Q2Q%7.22%
Revenue Next Year5.25%
Revenue Next 2Y6.26%
Revenue Next 3Y6.65%
Revenue Next 5Y6.74%
EBIT growth 1Y6.6%
EBIT growth 3Y26.93%
EBIT growth 5Y7.88%
EBIT Next Year18.2%
EBIT Next 3Y10.73%
EBIT Next 5Y9.55%
FCF growth 1Y12.34%
FCF growth 3Y19.9%
FCF growth 5Y9.74%
OCF growth 1Y8.01%
OCF growth 3Y18.13%
OCF growth 5Y7.34%

RATIONAL AG / RAA.DE FAQ

Can you provide the ChartMill fundamental rating for RATIONAL AG?

ChartMill assigns a fundamental rating of 7 / 10 to RAA.DE.


What is the valuation status for RAA stock?

ChartMill assigns a valuation rating of 2 / 10 to RATIONAL AG (RAA.DE). This can be considered as Overvalued.


How profitable is RATIONAL AG (RAA.DE) stock?

RATIONAL AG (RAA.DE) has a profitability rating of 9 / 10.


What is the expected EPS growth for RATIONAL AG (RAA.DE) stock?

The Earnings per Share (EPS) of RATIONAL AG (RAA.DE) is expected to grow by 2.16% in the next year.


Can you provide the dividend sustainability for RAA stock?

The dividend rating of RATIONAL AG (RAA.DE) is 4 / 10 and the dividend payout ratio is 66.86%.