Rheinmetall

Rheinmetall is a holding company. Through its subsidiaries, Co. operates in two sectors: defence and automotive. Co.'s defence sector is comprised of three divisions: combat systems, engaging in armored tracked vehicles and NBC protection systems; electronic solutions, engaging in air defence systems and soldier systems; and wheeled vehicles, engaging in wheeled logistics vehicles and wheeled tactical vehicles. Co.'s automotive sector is comprised of three division: mechatronics, engaging in cutting emissions and air management systems; hardparts, engaging in pistons and plain bearings and bushes; and motorservice, which includes aftermarket activities for replacement parts business.
  • Ticker703000
  • ISINDE0007030009
  • SectorAerospace & Defense
  • CountryGermany

Analysts

Ibrahim Firdaus

Rheinmetall

Ibrahim Firdaus

Rheinmetall

Thanks to a better fundamental star rating, RHEINMETALL AG sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to RHEINMETALL AG (DE), active in the Auto Parts industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date July 2, 2019, the closing price was EUR 108.00 and its expected value was estimated at EUR 102.13.

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : 2019 Paris Air Show: fails to hit the heights!

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). - >A disappointing show - The 2019 Paris Air Show ended on an even low...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Le Bourget 2019 : ça ne vole pas très haut !

Si le salon du Bourget 2019 se clôture comme attendu sur un terne bilan commercial, il reste marqué par le lancement de l’A321XLR (complique l’équation du NMA) et l’abandon d’une hausse rapide des cadences à 70 a/c par mois (un soulagement pour la chaine fournisseurs). Notre hiérarchie de recommandations est inchangée et nous continuons de favoriser les motoristes avec une préférence pour MTU (Achat – 220 €). - >Un salon en demi-teinte - Le millésime 2019 du salon du B...

Rheinmetall AG: Update Following Rating Upgrade to Baa3

The Credit Opinion lists key factors behind the rating upgrade to Baa3 and discusses recent operating performance and Moody's expectations for the next 12-18 months.

Rheinmetall AG - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's upgrades Rheinmetall to Baa3; outlook stable

Moody's Investors Service, (Moody's) has today upgraded the rating of German integrated technology group Rheinmetall AG (Rheinmetall), a leading European player in defence equipment and a Tier 1 automotive supplier, assigning a long-term issuer rating of Baa3. The outlook on the rating is stable...

Rheinmetall AG - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Rheinmetall AG - September 2017 (LTM) 18 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

Rheinmetall AG: Profitable, sustainable growth in automotive, defence key to return to investment grade

CORPORATES ISSUER IN-DEPTH 31 August 2017 RATINGS Rheinmetall AG Domicile Düsseldorf, Germany Corporate Family Rating Ba1 Outlook Positive Source: Moody's Investors Service KEY METRICS: Rheinmetall AG 2015 2016 LTM H1-17 Revenue, EUR m 5,183 5,602

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : 2019 Paris Air Show: fails to hit the heights!

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). - >A disappointing show - The 2019 Paris Air Show ended on an even low...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Le Bourget 2019 : ça ne vole pas très haut !

Si le salon du Bourget 2019 se clôture comme attendu sur un terne bilan commercial, il reste marqué par le lancement de l’A321XLR (complique l’équation du NMA) et l’abandon d’une hausse rapide des cadences à 70 a/c par mois (un soulagement pour la chaine fournisseurs). Notre hiérarchie de recommandations est inchangée et nous continuons de favoriser les motoristes avec une préférence pour MTU (Achat – 220 €). - >Un salon en demi-teinte - Le millésime 2019 du salon du B...

Harald Eggeling

ODDO BHF GERMAN MORNING NEWS – DETAILED COMMENTS 06.14.2019

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Harald Eggeling

Rheinmetall AG : Increasing number of negative momentum factors ahead – we downgrade to Reduce

>Increasing number of negative momentum factors ahead - We are seeing an increasing number of negative earnings and risk momentum factors emerging: i/ a series of downward revisions to global GDP growth expectations, ii/ especially pronounced revisions for export-geared and automotive-focussed Germany, and iii/ suddenly high and unexpected polling results for the Greens at the German national level. Since June 2019, the Green party has displaced the centre-right CDU/C...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Is the countercyclical group making a comeback?

>Creation of the world's third-largest player in aerospace and defence - United Technologies (UTX) and Raytheon announced on Sunday evening their plan to merge to create the world’s third-largest aerospace and defence group behind Boeing and Airbus. On a 2019 basis, the new group would have an operating margin of 12.6% for revenue of $ 73.6bn. The net debt/EBITDA ratio is estimated at 1.9x but FCF generation would reach $ 6bn. The aim is to generate cost synergies bef...

1 director bought

A director at Rheinmetall Ag bought 500 shares at 78.580EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/11/2019

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Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/06/2019

A l’issue de notre conférence ODDO BHF Nextcap, 44 sociétés françaises et allemandes ont rencontré près de 100 investisseurs à Paris. Dans un marché des Small caps complexe (décollecte, liquidité limitée, valorisations encore élevées) et dans un environnement macroéconomique plus incertain, la sélectivité est primordiale et quelques opportunités se dessinent. Nous compilons dans ce document 35 feedbacks, qui donnent lieu à 6 révisions d’objectifs de cours : i/ 3 à la hausse (Esker, EC...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/06/2019

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Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 21/05/2019

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Ibrahim Firdaus

Rheinmetall

Ibrahim Firdaus

Rheinmetall

Thanks to a better fundamental star rating, RHEINMETALL AG sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to RHEINMETALL AG (DE), active in the Auto Parts industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date July 2, 2019, the closing price was EUR 108.00 and its expected value was estimated at EUR 102.13.

Ibrahim Firdaus

Rheinmetall

Ibrahim Firdaus

Rheinmetall

MarketLine Department

Zen Technologies Limited - Strategy, SWOT and Corporate Finance Report

Summary Zen Technologies Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Zen Technologies Limited (Zen Technologies) is a provider of simulators for weapons and allied defense equipment. The company designs, develops and manufactures various types of simulators for weapons and allied defense equipment. Its major products include advanced weapon simulator...

MarketLine Department

Government Spending in Germany

Synopsis Government Spending in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Summary - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in Germany - Use the Five Forces analysis to determine the competitive intensity and therefore attracti...

Strategic Defence Intelligence Department

Mehler Vario System GmbH: Aerospace and Defense - Company Profile & SWOT Analysis

Synopsis Strategic Defence Intelligence's "Mehler Vario System GmbH: Aerospace and Defense - Company Profile & SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, recent developments, key employees as well as company locations and subsidiaries. Summary This report is a crucial resource for industry executives and anyone looking to access key information about "Mehler Vario System GmbH" The report utilizes a wide range...

Expert Corporate Governance Service (ECGS)

Rheinmetall - AGM 28 May 2019

General: Supervisory Board Chair Ulrich Grillo is a member of the Presidency of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines. Rheinmetall was established in 1889 as Rheinische Metallwaaren- und Maschinenfabrik Aktiengesellschaft. Today, Rheinmetall AG is an international Group providing technologies in the mobility and security segments. The Group´s operating activities are split into the two corporate sectors, Rheinmetall Automotive and Rheinmetall Defence. In financial year 2018, its 24,949-strong staff generated sales of EUR 6.1bn. As of 31 ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see charts below and page 2. With global equity markets generally moving sideways, we want to stick with ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities in Europe, Japan As markets pull back amid the tariff saga we continue to believe this is an attractive time to add exposure. This view is supported by the technicals with all major global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) pulling back to their respective 200-day moving averages... see charts below. • Actionable Sectors: Services and Consumer Staples in Europe and Japan. We often view the Services Sector as a defensive way to invest in Technology. We also highlight several Consumer Staples stocks within Europe (the STOXX 600 Food & Beverage index remains leadersh...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

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