Martin Cobb, ASIP
Rheinmetall
RHM-DE
BUY ON WEAKNESS
May 27, 2025
This German defense contractor is benefiting from an upsurge in German government defence spending, but the valuation is getting excessive. But this is good long term given European defense spending.
Domestic leader in Germany that captures a big share of Germany's defense spending budget. Vertically integrated, multi-platform. For the long term. 90% defense, 10% engineering.
This German defense contractor is benefiting from an upsurge in German government defence spending, but the valuation is getting excessive. But this is good long term given European defense spending.