Stock · RAA.DE · Industrials

RATIONAL Aktiengesellschaft

Germany · Mid Cap · Revenue 12 mo. €1.3B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
€623.50
1 Y −11.3%
Market cap
€6.9B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +7.2% a year (3 years)EBIT margin 26.4%Payout 84.2% of operating cash flow

RATIONAL Aktiengesellschaft engages in the development, production, and sale of cooking systems for industrial kitchens in Germany, Austria, Switzerland, United States, Canada, Mexico, China, Japan, and South Korea.

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RATIONAL Aktiengesellschaft engages in the development, production, and sale of cooking systems for industrial kitchens in Germany, Austria, Switzerland, United States, Canada, Mexico, China, Japan, and South Korea. The company offers iCombi Pro; iCombi Classic; combi ovens; iVario Pro, a multi-functional cooking system; The iHexagon; and ConnectedCooking, a digital kitchen management solution. It also provides accessories, care products, service parts, and services. The company serves restaurants and hotels; catering, such as company canteens, hospitals, schools, universities, military facilities, prisons, and retirement homes; and quick service restaurants, caterers, supermarkets, bakeries, snack outlets, butchers' shops, service stations, and delivery services. It sells its products through independent distribution partners. The company was founded in 1973 and is headquartered in Landsberg am Lech, Germany.

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Summary

RATIONAL Aktiengesellschaft is around the middle of the Industrials sector overall

56.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 13.9% FCF growth a year: more than over the last 10 years, less than over the last 5 years.

If free cash flow stays at €230.2M (2025), it supports €2.6B. The remaining €4.4B of the market value assume it grows 13.9% a year for 10 years and not at all afterwards.

Required FCF growth per year

13.9%

no growth afterwards

Market value breakdown€6.9B market value, price as of 11/06/2026

€2.6B without growth
€4.4B priced-in growth
  • 5 yrs achieved 29.0%
  • 10 yrs achieved 9.5%
  • priced in 13.9%

Valuation against its own history

Price to operating cash flow 22.8×, below its usual range.

Middle half of 20 quarters: 29.5× to 39.5×, median 33.7×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

3 signs support the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • High, stable gross margin median 58.9%, range 6.8 pp (10 years)
  • High return on capital every year ROCE at least 18.1% (10 years)
  • Low capital needs capex median 3.8% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 3 of 3 changes for the better.

  • FCF, 12 mo.€247.4M → €269.7M+9.0%better
  • FCF margin19.3% → 20.8%+1.5 ppbetter
  • Return on equity25.6% → 31.5%+5.8 ppbetter

5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability85.1above the middleEarns more than the sector: Gross margin 59.02%, sector 28.98%.
MetricStockSector medianPosition in sector
Return on equity26.98%13.10%Rank 83
Return on capital (Greenblatt)35.75%19.33%Rank 69
EBIT margin26.37%11.28%Rank 91
FCF margin18.27%8.50%Rank 89
Gross margin59.02%28.98%Rank 93
Growth56.2around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year5.53%5.15%Rank 53
Earnings growth, 3 years per year10.98%8.01%Rank 57
Earnings growth, 5 years per year25.95%12.89%Rank 82
Sustainable growth (ROE × retained earnings)2.68%4.02%Rank 33
Valuation36.2below the middleValued higher than the sector: EV/sales 5.09, sector 2.08.
MetricStockSector medianPosition in sector
Earnings yield3.58%4.42%Rank 36
FCF yield3.32%3.98%Rank 40
EV/saleslower is better5.092.08Rank 18
EV/EBITlower is better19.3219.47Rank 51
Momentum40.5around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year−11.34%−0.01%Rank 31
Share price, 6 months−5.05%−1.43%Rank 42
Share price, 3 months−1.32%0.53%Rank 47
Distance from 52-week high−19.24%−16.36%Rank 42
Quality34.8below the middleQuality below the sector: Price reaction to results, market-adjusted −2.24%, sector 0.27%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better3.00%1.39%Rank 35
Change in share countlower is better0.00%−0.44%Rank 33
Dividend streak in years45Rank 49
Price reaction to results, market-adjusted−2.24%0.27%Rank 23
Balance sheet & risk86.4above the middleLess risk than the sector: Equity ratio 78.92%, sector 39.65%.
MetricStockSector medianPosition in sector
Equity ratio78.92%39.65%Rank 98
Net debt/EBITDAlower is better−1.391.38Rank 92
Debt to equitylower is better0.030.61Rank 96
Volatility, 1 yearlower is better30.02%32.95%Rank 60

Ten years in figures

Revenue from €613.0M (2016) to €1.3B (2025), 8.3% a year.

Fiscal years, amounts in EUR
YearRevenueEBIT marginFCF, €MSharesNet debt, €M
2016€613.0M27.5%104.911.4M−71.9
2017€702.1M27.4%111.711.4M−182.0
2018€777.9M26.3%98.211.4M−144.8
2019€843.6M26.8%158.011.4M−150.8
2020€649.6M15.9%59.311.4M−203.1
2021€779.7M20.5%145.911.4M−226.1
2022€1.0B23.3%123.411.4M−182.2
2023€1.1B25.0%223.711.4M−109.9
2024€1.2B27.1%251.411.4M−114.4
2025€1.3B26.4%230.211.4M−159.2
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

RATIONAL Aktiengesellschaft mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How RATIONAL Aktiengesellschaft's score is built

RATIONAL Aktiengesellschaft is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does RATIONAL Aktiengesellschaft stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Earnings Quality: Accrual Check (Sloan)
  • Defensive: Low Volatility
  • PEG Strategy (inspired by Peter Lynch)
  • Undervalued Stocks: Multi-Factor Check
  • Dividend Quality: 4 Factors
  • Magic Formula: Value + Quality
  • Growth Momentum (CAN SLIM principle)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Trending Value: Value + Momentum

RATIONAL Aktiengesellschaft key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for RATIONAL Aktiengesellschaft.

MetricStockSector
P/E ratio27.922.5
P/B ratio7.52.9
Return on equity (ROE)27.0%13.1%
Equity ratio78.9%39.7%
Debt-to-equity (D/E)0.030.61
Dividend yield3.2%2.0%

Similar stocks in Industrials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
RAA.DERATIONAL Aktiengesellschaftthis page
GIL.DEDMG MORI AKTIENGESELLSCHAFTLow0.0
NDX1.DENordex SEHigh7.3
KRN.DEKrones AGLow3.6
G1A.DEGEA GROUPlocked
JUN3.DEJungheinrich AG Vz.locked

Frequently asked questions about RATIONAL Aktiengesellschaft stock

How does RATIONAL Aktiengesellschaft stock (RAA.DE) score in the StockScorer model?
RATIONAL Aktiengesellschaft stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is RATIONAL Aktiengesellschaft's P/E ratio?
RATIONAL Aktiengesellschaft's P/E ratio is 27.9. The Industrials sector median is 22.5.
What sector is RATIONAL Aktiengesellschaft in?
RATIONAL Aktiengesellschaft is assigned to the Industrials sector. Its rank within the sector is 56.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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