(RAA) RATIONAL Aktiengesellschaft - Overview
Stock: Combi Oven, Multi-Functional Cooker, Digital Management, Accessories
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.98% |
| Yield on Cost 5y | 1.94% |
| Yield CAGR 5y | 32.96% |
| Payout Consistency | 90.6% |
| Payout Ratio | 93.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.1% |
| Relative Tail Risk | -3.40% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.37 |
| Alpha | -16.90 |
| Character TTM | |
|---|---|
| Beta | 0.245 |
| Beta Downside | 0.383 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.11% |
| CAGR/Max DD | 0.26 |
Description: RAA RATIONAL Aktiengesellschaft January 07, 2026
RATIONAL Aktiengesellschaft (XETRA:RAA) designs, manufactures, and sells professional cooking systems for industrial kitchens across a global footprint that includes Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa. Its core product portfolio comprises the iCombi Pro, iVario Pro (a multi-functional cooking platform), iCombi Classic, and the ConnectedCooking digital kitchen-management suite, complemented by accessories, care products, service parts, and after-sales services.
The company serves a broad spectrum of end-users: restaurants, hotels, corporate and institutional catering (hospitals, schools, universities, military, prisons, retirement homes), quick-service concepts, supermarkets, bakeries, snack outlets, butchers, service stations, and delivery-focused operators. Sales are channeled through an extensive network of independent distribution partners, enabling localized market penetration while maintaining a unified brand proposition.
Key financial indicators (FY 2023) show revenue of €1.22 billion, up 6 % year-on-year, with an adjusted EBITDA margin of roughly 10 %, reflecting steady demand for energy-efficient, digitally integrated kitchen equipment. The order backlog stood at €350 million, indicating a robust pipeline amid tightening sustainability regulations that favor low-energy cooking solutions-a primary sector driver.
RATIONAL’s growth outlook is further supported by macro trends such as rising out-of-home dining, increased automation in foodservice, and the ongoing digital transformation of kitchen operations, which together amplify the value proposition of its ConnectedCooking platform.
For a deeper quantitative assessment, you may want to explore the companys metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 254.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.22 > 0.02 and ΔFCF/TA -2.04 > 1.0 |
| NWC/Revenue: 51.09% < 20% (prev 46.27%; Δ 4.82% < -1%) |
| CFO/TA 0.24 > 3% & CFO 265.3m > Net Income 254.9m |
| Net Debt (-151.8m) to EBITDA (372.1m): -0.41 < 3 |
| Current Ratio: 4.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.4m) vs 12m ago 0.0% < -2% |
| Gross Margin: 59.03% > 18% (prev 0.59%; Δ 5844 % > 0.5%) |
| Asset Turnover: 116.4% > 50% (prev 114.9%; Δ 1.46% > 0%) |
| Interest Coverage Ratio: 196.6 > 6 (EBITDA TTM 372.1m / Interest Expense TTM 1.70m) |
Altman Z'' 10.00
| A: 0.57 (Total Current Assets 826.5m - Total Current Liabilities 194.8m) / Total Assets 1.11b |
| B: 0.75 (Retained Earnings 835.4m / Total Assets 1.11b) |
| C: 0.31 (EBIT TTM 333.4m / Avg Total Assets 1.06b) |
| D: 3.55 (Book Value of Equity 842.6m / Total Liabilities 237.2m) |
| Altman-Z'' Score: 12.04 = AAA |
Beneish M -2.92
| DSRI: 0.95 (Receivables 179.1m/177.4m, Revenue 1.24b/1.17b) |
| GMI: 0.99 (GM 59.03% / 58.52%) |
| AQI: 1.20 (AQ_t 0.05 / AQ_t-1 0.04) |
| SGI: 1.06 (Revenue 1.24b / 1.17b) |
| TATA: -0.01 (NI 254.9m - CFO 265.3m) / TA 1.11b) |
| Beneish M-Score: -2.92 (Cap -4..+1) = A |
What is the price of RAA shares?
Over the past week, the price has changed by +11.81%, over one month by +10.66%, over three months by +18.64% and over the past year by -10.86%.
Is RAA a buy, sell or hold?
What are the forecasts/targets for the RAA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 767.6 | 1.3% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 776.2 | 2.5% |
RAA Fundamental Data Overview February 03, 2026
P/E Trailing = 30.2544
P/E Forward = 28.3286
P/S = 6.2356
P/B = 8.6582
P/EG = 5.6074
Revenue TTM = 1.24b EUR
EBIT TTM = 333.4m EUR
EBITDA TTM = 372.1m EUR
Long Term Debt = 16.2m EUR (from longTermDebt, last quarter)
Short Term Debt = 9.41m EUR (from shortTermDebt, last fiscal year)
Debt = 16.2m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -151.8m EUR (from netDebt column, last quarter)
Enterprise Value = 7.56b EUR (7.71b + Debt 16.2m - CCE 168.0m)
Interest Coverage Ratio = 196.6 (Ebit TTM 333.4m / Interest Expense TTM 1.70m)
EV/FCF = 31.66x (Enterprise Value 7.56b / FCF TTM 238.7m)
FCF Yield = 3.16% (FCF TTM 238.7m / Enterprise Value 7.56b)
FCF Margin = 19.31% (FCF TTM 238.7m / Revenue TTM 1.24b)
Net Margin = 20.62% (Net Income TTM 254.9m / Revenue TTM 1.24b)
Gross Margin = 59.03% ((Revenue TTM 1.24b - Cost of Revenue TTM 506.5m) / Revenue TTM)
Gross Margin QoQ = 58.12% (prev 58.87%)
Tobins Q-Ratio = 6.82 (Enterprise Value 7.56b / Total Assets 1.11b)
Interest Expense / Debt = 2.03% (Interest Expense 329.0k / Debt 16.2m)
Taxrate = 24.00% (19.8m / 82.7m)
NOPAT = 253.4m (EBIT 333.4m * (1 - 24.00%))
Current Ratio = 4.24 (Total Current Assets 826.5m / Total Current Liabilities 194.8m)
Debt / Equity = 0.02 (Debt 16.2m / totalStockholderEquity, last quarter 870.7m)
Debt / EBITDA = -0.41 (Net Debt -151.8m / EBITDA 372.1m)
Debt / FCF = -0.64 (Net Debt -151.8m / FCF TTM 238.7m)
Total Stockholder Equity = 862.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 24.00% (Net Income 254.9m / Total Assets 1.11b)
RoE = 29.56% (Net Income TTM 254.9m / Total Stockholder Equity 862.3m)
RoCE = 37.95% (EBIT 333.4m / Capital Employed (Equity 862.3m + L.T.Debt 16.2m))
RoIC = 29.48% (NOPAT 253.4m / Invested Capital 859.6m)
WACC = 6.81% (E(7.71b)/V(7.73b) * Re(6.82%) + D(16.2m)/V(7.73b) * Rd(2.03%) * (1-Tc(0.24)))
Discount Rate = 6.82% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 84.00% ; FCFF base≈239.1m ; Y1≈269.1m ; Y5≈361.0m
Fair Price DCF = 729.1 (EV 8.14b - Net Debt -151.8m = Equity 8.29b / Shares 11.4m; r=6.81% [WACC]; 5y FCF grow 14.58% → 2.90% )
EPS Correlation: 70.44 | EPS CAGR: 32.96% | SUE: 0.96 | # QB: 2
Revenue Correlation: 82.31 | Revenue CAGR: 13.59% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=5.34 | Chg30d=-0.190 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=23.30 | Chg30d=-0.060 | Revisions Net=+0 | Growth EPS=+6.3% | Growth Revenue=+7.1%