Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Bank of America changes recommendations
FRANKFURT: German defense stocks developed differently in pre-market trading Friday morning. On the Tradegate trading platform, Renk shares rose sharply to 51,74 euro, while Hensoldt fell to 66,80 euro.
Analyst Benjamin Heelan from Bank of America sees long-term opportunities in light of new negotiations to end the Ukraine war, but has at the same time adjusted his preferences:
Renk: Heelan now recommends buying the stock, with a price target of 60,50 euro. This marks a turnaround after a previously negative assessment.
Hensoldt: The recommendation is withdrawn, and the price target is reduced to 77 euro.
RHEINMETALL: He maintains a positive stance, but lowers the price target somewhat to 2 215 euro.
MTU Aero Engines (DE000A0D9PT0): The stock was also strong in pre-market trading at 354 euro. Heelan recommends buy with a price target of 410 euro.
Thyssenkrupp Marine Systems (TKMS): Here he is more skeptical, with a price target of 55,70 euro and a recommendation to underperform.
https://live.deutsche-boerse.com/news/AKTIEN-IM-FOKUS-Bank-of-America-bewegt-Ruestung---Renk-hoch-Hensoldt-runter-7eff9230-48cf-4783-a3b0-9a3457d30918
I have often written here that when evaluating a rapidly growing company such as Rheinmetall (RHM), which, despite its heavy investment program, can improve its profitability faster than its revenue, the best way to assess the fair value of such a company is the Discounted Cash Flow (DCF) method.
To support the conclusion of Fair Value, it makes sense to also use other methods, such as P/E Multiples or EV / EBITDA Multiples. But personally, I emphasize DCF methods.
There are so-called Gordon Growth method as well as Exit Multiples (EBITDA or Revenue Exit) methods. (IMO) The revenue exit is suitable for companies that are maybe not yet profitable (start-ups). Hence, I see EBITDA Exit as more important with RHM. Gordon´s is suitable for businesses in stable phase.
I have published here few time the Fair Value calculations of RHM based on the 10Y DCF EBITDA Exit method. I have collected the data for my Excel based on the combination of Analysts' consensus forecasts published at the Investing.com site and RHM´s own guidance. I have now updated my Excel spreadsheets based on the information published by RHM´s Capital Market Day on November 18th, 2025. I admit that my forecasted 10 Y Free Cash Flow calculation is optimistic. Hence, when calculating the Terminal Value, I used both Bearish, Bullish and Base case multiples to be able to calculate the Terminal Value to get a bit more conservative and cautious outcome.
I will publish the summary of my findings beginning of next week. I emphasize it is my evaluation and mine only. You'd better do yours. What I can say in summary at this point is that, when using DCF methods, Rheinmetall shares are currently being sold at a discount(!), regardless of whether you believe that the rearmament will last for only 5, 10, or well over 10 years. Analysts' target prices are currently from 1770 eur to 2500 eur. The average target price of analysts is 2223 €. My estimation of Fair Value is in line with the majority of analysts' target prices.
You may wonder who I am to make such calculations? I am a former CEO of an international industrial corporation, and during my career, we executed numerous M&A operations. I have been investing since I was a teenager (mid-80s).
Really good if you have the time and energy to do that. Would be so interesting to know who are selling at these prices if all analysts are around 2000€.
UBS confirms high Rheinmetall price target
According to media reports, analyst Sven Weier from the major Swiss bank left the rating for Rheinmetall at „Buy“ on Tuesday with a fair value of 2,500 euros." The Ameritards still believe Trump will broker peace. But if Zelensky agrees to the terms, he will most likely be deposed. Putin is only using these negotiations to widen the gap between the USA and Europe. There are 0 prospects for a peace agreement.
But that doesn't seem to help the stock price?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset ja analyysit
Uutiset ja lehdistötiedotteet
Analyysit
27 marras 13.46
∙
Osakeuutinen
Rheinmetall tecknar danskt ramavtal för upp till tusen logistikfordon
26 marras 16.35
∙
Markkinakommentti
EUROPABÖRSER: FÖRSVARSSEKTORN STEG PÅ GRÖNA BÖRSER, STOXX 600 +1,1%
26 marras 12.24
∙
Osakeuutinen
FÖRSVAR: POTENTIAL FÖR NY VÄNDNING I SEKTORNS AKTIER - BOFA
24 marras 16.32
∙
Markkinakommentti
EUROPABÖRSER: UPPÅT, BAYER STEG I FRANKFURT, STOXX 600 +0,3%
24 marras 15.05
∙
Osakeuutinen
Rheinmetall lockar tusentals ansökningar till lediga jobb - WSJ
21 marras 16.41
∙
Markkinakommentti
EUROPABÖRSER: FÖRSVARS- OCH AI-RELATERAT BACKADE, STOXX 600 -0,4%
21 marras 12.52
∙
Osakeuutinen
Europeiska försvarsaktier sjunker efter uttalande av Zelenskyj
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Sertifikaatit
2025 Q3 -tulosraportti
30 päivää sitten1 t 10 min
8,10 EUR/osake
Viimeisin osinko
0,53 %Tuotto/v
Näytä
Uutiset ja analyysit
Uutiset ja lehdistötiedotteet
Analyysit
27 marras 13.46
∙
Osakeuutinen
Rheinmetall tecknar danskt ramavtal för upp till tusen logistikfordon
26 marras 16.35
∙
Markkinakommentti
EUROPABÖRSER: FÖRSVARSSEKTORN STEG PÅ GRÖNA BÖRSER, STOXX 600 +1,1%
26 marras 12.24
∙
Osakeuutinen
FÖRSVAR: POTENTIAL FÖR NY VÄNDNING I SEKTORNS AKTIER - BOFA
24 marras 16.32
∙
Markkinakommentti
EUROPABÖRSER: UPPÅT, BAYER STEG I FRANKFURT, STOXX 600 +0,3%
24 marras 15.05
∙
Osakeuutinen
Rheinmetall lockar tusentals ansökningar till lediga jobb - WSJ
21 marras 16.41
∙
Markkinakommentti
EUROPABÖRSER: FÖRSVARS- OCH AI-RELATERAT BACKADE, STOXX 600 -0,4%
21 marras 12.52
∙
Osakeuutinen
Europeiska försvarsaktier sjunker efter uttalande av Zelenskyj
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Bank of America changes recommendations
FRANKFURT: German defense stocks developed differently in pre-market trading Friday morning. On the Tradegate trading platform, Renk shares rose sharply to 51,74 euro, while Hensoldt fell to 66,80 euro.
Analyst Benjamin Heelan from Bank of America sees long-term opportunities in light of new negotiations to end the Ukraine war, but has at the same time adjusted his preferences:
Renk: Heelan now recommends buying the stock, with a price target of 60,50 euro. This marks a turnaround after a previously negative assessment.
Hensoldt: The recommendation is withdrawn, and the price target is reduced to 77 euro.
RHEINMETALL: He maintains a positive stance, but lowers the price target somewhat to 2 215 euro.
MTU Aero Engines (DE000A0D9PT0): The stock was also strong in pre-market trading at 354 euro. Heelan recommends buy with a price target of 410 euro.
Thyssenkrupp Marine Systems (TKMS): Here he is more skeptical, with a price target of 55,70 euro and a recommendation to underperform.
https://live.deutsche-boerse.com/news/AKTIEN-IM-FOKUS-Bank-of-America-bewegt-Ruestung---Renk-hoch-Hensoldt-runter-7eff9230-48cf-4783-a3b0-9a3457d30918
I have often written here that when evaluating a rapidly growing company such as Rheinmetall (RHM), which, despite its heavy investment program, can improve its profitability faster than its revenue, the best way to assess the fair value of such a company is the Discounted Cash Flow (DCF) method.
To support the conclusion of Fair Value, it makes sense to also use other methods, such as P/E Multiples or EV / EBITDA Multiples. But personally, I emphasize DCF methods.
There are so-called Gordon Growth method as well as Exit Multiples (EBITDA or Revenue Exit) methods. (IMO) The revenue exit is suitable for companies that are maybe not yet profitable (start-ups). Hence, I see EBITDA Exit as more important with RHM. Gordon´s is suitable for businesses in stable phase.
I have published here few time the Fair Value calculations of RHM based on the 10Y DCF EBITDA Exit method. I have collected the data for my Excel based on the combination of Analysts' consensus forecasts published at the Investing.com site and RHM´s own guidance. I have now updated my Excel spreadsheets based on the information published by RHM´s Capital Market Day on November 18th, 2025. I admit that my forecasted 10 Y Free Cash Flow calculation is optimistic. Hence, when calculating the Terminal Value, I used both Bearish, Bullish and Base case multiples to be able to calculate the Terminal Value to get a bit more conservative and cautious outcome.
I will publish the summary of my findings beginning of next week. I emphasize it is my evaluation and mine only. You'd better do yours. What I can say in summary at this point is that, when using DCF methods, Rheinmetall shares are currently being sold at a discount(!), regardless of whether you believe that the rearmament will last for only 5, 10, or well over 10 years. Analysts' target prices are currently from 1770 eur to 2500 eur. The average target price of analysts is 2223 €. My estimation of Fair Value is in line with the majority of analysts' target prices.
You may wonder who I am to make such calculations? I am a former CEO of an international industrial corporation, and during my career, we executed numerous M&A operations. I have been investing since I was a teenager (mid-80s).
Really good if you have the time and energy to do that. Would be so interesting to know who are selling at these prices if all analysts are around 2000€.
UBS confirms high Rheinmetall price target
According to media reports, analyst Sven Weier from the major Swiss bank left the rating for Rheinmetall at „Buy“ on Tuesday with a fair value of 2,500 euros." The Ameritards still believe Trump will broker peace. But if Zelensky agrees to the terms, he will most likely be deposed. Putin is only using these negotiations to widen the gap between the USA and Europe. There are 0 prospects for a peace agreement.
But that doesn't seem to help the stock price?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
GermanyXetra
Määrä
Osto
0
1 529,5
Myynti
Määrä
0,00
0
Viimeisimmät kaupat
Aika
Hinta
Määrä
Ostaja
Myyjä
-
-
-
-
-
Ylin
1 560
VWAP
1 535,1
Alin
1 512,5
VaihtoMäärä
277,9 181 006
VWAP
1 535,1
Ylin
1 560
Alin
1 512,5
VaihtoMäärä
277,9 181 006
Tietoa osakekaupankäyntiin liittyvistä riskeistä
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Näytä kaikki
Seuraava tapahtuma
2025 Q4 -tulosraportti
11.3.2026
Menneet tapahtumat
2025 Q3 -tulosraportti
6.11.
2025 Q3 -tulosraportti
5.11.
2025 Q2 -tulosraportti
7.8.
2025 Q1 -tulosraportti
8.5.
2024 Q4 -tulosraportti
12.3.
Datan lähde: Quartr, FactSet
Tuotteita joiden kohde-etuutena tämä arvopaperi
Sertifikaatit
8,10 EUR/osake
Viimeisin osinko
0,53 %Tuotto/v
Näytä
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Bank of America changes recommendations
FRANKFURT: German defense stocks developed differently in pre-market trading Friday morning. On the Tradegate trading platform, Renk shares rose sharply to 51,74 euro, while Hensoldt fell to 66,80 euro.
Analyst Benjamin Heelan from Bank of America sees long-term opportunities in light of new negotiations to end the Ukraine war, but has at the same time adjusted his preferences:
Renk: Heelan now recommends buying the stock, with a price target of 60,50 euro. This marks a turnaround after a previously negative assessment.
Hensoldt: The recommendation is withdrawn, and the price target is reduced to 77 euro.
RHEINMETALL: He maintains a positive stance, but lowers the price target somewhat to 2 215 euro.
MTU Aero Engines (DE000A0D9PT0): The stock was also strong in pre-market trading at 354 euro. Heelan recommends buy with a price target of 410 euro.
Thyssenkrupp Marine Systems (TKMS): Here he is more skeptical, with a price target of 55,70 euro and a recommendation to underperform.
https://live.deutsche-boerse.com/news/AKTIEN-IM-FOKUS-Bank-of-America-bewegt-Ruestung---Renk-hoch-Hensoldt-runter-7eff9230-48cf-4783-a3b0-9a3457d30918
I have often written here that when evaluating a rapidly growing company such as Rheinmetall (RHM), which, despite its heavy investment program, can improve its profitability faster than its revenue, the best way to assess the fair value of such a company is the Discounted Cash Flow (DCF) method.
To support the conclusion of Fair Value, it makes sense to also use other methods, such as P/E Multiples or EV / EBITDA Multiples. But personally, I emphasize DCF methods.
There are so-called Gordon Growth method as well as Exit Multiples (EBITDA or Revenue Exit) methods. (IMO) The revenue exit is suitable for companies that are maybe not yet profitable (start-ups). Hence, I see EBITDA Exit as more important with RHM. Gordon´s is suitable for businesses in stable phase.
I have published here few time the Fair Value calculations of RHM based on the 10Y DCF EBITDA Exit method. I have collected the data for my Excel based on the combination of Analysts' consensus forecasts published at the Investing.com site and RHM´s own guidance. I have now updated my Excel spreadsheets based on the information published by RHM´s Capital Market Day on November 18th, 2025. I admit that my forecasted 10 Y Free Cash Flow calculation is optimistic. Hence, when calculating the Terminal Value, I used both Bearish, Bullish and Base case multiples to be able to calculate the Terminal Value to get a bit more conservative and cautious outcome.
I will publish the summary of my findings beginning of next week. I emphasize it is my evaluation and mine only. You'd better do yours. What I can say in summary at this point is that, when using DCF methods, Rheinmetall shares are currently being sold at a discount(!), regardless of whether you believe that the rearmament will last for only 5, 10, or well over 10 years. Analysts' target prices are currently from 1770 eur to 2500 eur. The average target price of analysts is 2223 €. My estimation of Fair Value is in line with the majority of analysts' target prices.
You may wonder who I am to make such calculations? I am a former CEO of an international industrial corporation, and during my career, we executed numerous M&A operations. I have been investing since I was a teenager (mid-80s).
Really good if you have the time and energy to do that. Would be so interesting to know who are selling at these prices if all analysts are around 2000€.
UBS confirms high Rheinmetall price target
According to media reports, analyst Sven Weier from the major Swiss bank left the rating for Rheinmetall at „Buy“ on Tuesday with a fair value of 2,500 euros." The Ameritards still believe Trump will broker peace. But if Zelensky agrees to the terms, he will most likely be deposed. Putin is only using these negotiations to widen the gap between the USA and Europe. There are 0 prospects for a peace agreement.
But that doesn't seem to help the stock price?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
GermanyXetra
Määrä
Osto
0
1 529,5
Myynti
Määrä
0,00
0
Viimeisimmät kaupat
Aika
Hinta
Määrä
Ostaja
Myyjä
-
-
-
-
-
Ylin
1 560
VWAP
1 535,1
Alin
1 512,5
VaihtoMäärä
277,9 181 006
VWAP
1 535,1
Ylin
1 560
Alin
1 512,5
VaihtoMäärä
277,9 181 006
Tietoa osakekaupankäyntiin liittyvistä riskeistä
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.