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Rational
(XETRA:RAA)
Select Model
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Rating:76Outperform
Price Target:
€702.00
▲(11.16% Upside)
Action:Reiterated
Date:08/18/26
Overall score is supported primarily by excellent financial strength and profitability (high margins, strong ROE, near debt-free balance sheet, and healthy cash conversion). This is meaningfully offset by weak technical conditions (price below all major DMAs with negative MACD and low RSI), while valuation is reasonable but still priced at a premium P/E relative to its dividend yield.
Positive Factors
Sustained high profitability
Rational’s strong net and EBIT margins indicate pricing power, efficient operations, and a differentiated business model. Sustained profitability provides resilience against cost pressure and supports reinvestment, dividends, and future growth.
Negative Factors
Meaningful revenue growth slowdown
The sharp deceleration in revenue growth raises questions about near-term demand, market expansion, or customer investment levels. If persistent, slower top-line growth could limit operating leverage and reduce the pace of profit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained high profitability
Rational’s strong net and EBIT margins indicate pricing power, efficient operations, and a differentiated business model. Sustained profitability provides resilience against cost pressure and supports reinvestment, dividends, and future growth.
Read all positive factors
Rational (RAA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€7.25B
Dividend Yield2.51%
Average Volume (3M)11.30K
Price to Earnings (P/E)27.0
Beta (1Y)0.94
Revenue Growth6.26%
EPS Growth4.84%
CountryDE
Employees2,887
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)23.39
Shares Outstanding11,370,000
10 Day Avg. Volume9,402
30 Day Avg. Volume11,299
Financial Highlights & Ratios
PEG Ratio21.75
Price to Book (P/B)7.99
Price to Sales (P/S)5.97
P/FCF Ratio32.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€832.71Price Target Upside31.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)23.85
Revenue Forecast (FY)€1.35B
Rational Business Overview & Revenue Model
Company Description
Headquartered in Landsberg am Lech, Germany, Rational AG, established in 1973, is a global leader in the development, manufacture, and distribution of advanced professional cooking appliances for commercial kitchens. Its innovative product portfol...
Rational Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
89
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.29B | 1.26B | 1.19B | 1.13B | 1.02B | 779.73M |
| Gross Profit | 769.15M | 743.44M | 706.63M | 638.62M | 565.07M | 429.27M |
| EBITDA | 391.17M | 369.12M | 364.99M | 317.96M | 269.18M | 189.82M |
| Net Income | 265.94M | 253.85M | 250.53M | 215.76M | 185.72M | 123.66M |
Balance Sheet | ||||||
| Total Assets | 1.09B | 1.19B | 1.11B | 989.03M | 899.22M | 783.84M |
| Cash, Cash Equivalents and Short-Term Investments | 432.16M | 539.38M | 493.62M | 402.67M | 202.34M | 246.38M |
| Total Debt | 0.00 | 27.14M | 29.80M | 28.08M | 19.00M | 19.59M |
| Total Liabilities | 247.19M | 251.27M | 249.26M | 228.24M | 222.98M | 180.51M |
| Stockholders Equity | 845.71M | 940.79M | 856.90M | 760.79M | 676.24M | 603.33M |
Cash Flow | ||||||
| Free Cash Flow | 269.66M | 230.16M | 251.45M | 223.71M | 123.43M | 145.89M |
| Operating Cash Flow | 310.73M | 263.86M | 283.06M | 258.35M | 160.62M | 171.71M |
| Investing Cash Flow | 5.49M | -44.46M | -102.69M | -161.71M | -81.86M | -84.29M |
| Financing Cash Flow | -239.77M | -182.36M | -166.16M | -165.56M | -124.61M | -65.85M |
Rational Technical Analysis
Neutral
631.50
Price Trends
646.99
Negative
649.14
Negative
648.11
Negative
Market Momentum
-6.65
Positive
45.10
Neutral
71.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:RAA, the sentiment is Neutral. The current price of 631.5 is below the 20-day moving average (MA) of 643.13, below the 50-day MA of 646.99, and below the 200-day MA of 648.11, indicating a bearish trend. The MACD of -6.65 indicates Positive momentum. The RSI at 45.10 is Neutral, neither overbought nor oversold. The STOCH value of 71.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:RAA.
Rational Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €7.25B | 27.04 | 29.09% | 2.46% | 6.26% | 4.84% | |
76 Outperform | €10.88B | 25.41 | 17.42% | 2.05% | 3.92% | 10.56% | |
71 Outperform | €3.75B | 12.89 | 13.67% | 2.48% | 3.44% | 1.73% | |
63 Neutral | €1.56B | -1.85 | -427.53% | 2.80% | 1.66% | 11.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:RAA
Rational
632.50
7.19
1.15%
DE:G1A
GEA Group AG
67.60
5.98
9.71%
DE:KRN
Krones AG
119.20
-11.29
-8.65%
DE:KSB
KSB AG
930.00
41.53
4.67%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.