Rheinmetall AG

RHM: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€339.00	Jnfp	Kqsvjrk

Rheinmetall Earnings: Exceptionally Strong Results Lead to a Record Backlog

Loredana Muharremi

Aug 8, 2024

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.

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