# RHI Magnesita N.V. (RHIM.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Specialty Retail. Price 2815p, market value 1.3 billionp.

## Valuation
- **P/E (trailing): 18.5×** (5-yr avg 1009.6×, 3-yr avg 1238.2×). RHI Magnesita N.V. trades at 18.5× trailing earnings, well below its own five-year average of 1009.6×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 6.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.3×**. Enterprise value is 3.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 33.3%** (5-yr avg 0.1%). Free cash flow equals 33.3% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Gross margin: 22.9%**. RHI Magnesita N.V. keeps 22.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 8.7%**. 8.7% of revenue is left after running the business.
- **Net margin: 2.6%**. 2.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.2%**. 8.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 17.9%**. Return on all capital, debt included, is 17.9%: comfortably above what that capital costs.
- **Return on assets: 5.1%**. Each dollar of assets produces 5.1% of profit.

## Growth
- **Revenue growth (1 yr): -5.2%** (3-yr -0.1%/yr, 5-yr 7.9%/yr). Revenue fell 5.2% over the last year, against 7.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -40.8%** (3-yr -18.9%/yr, 5-yr 28.3%/yr). Earnings per share fell 40.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 34.0%/yr**. Free cash flow has compounded at 34.0% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.81**. Debt is 1.81 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.5×**. Operating profit covers interest 5.5× over, a safe margin.
- **Current ratio: 1.46** (quick 0.75). Current assets cover the next year's liabilities 1.46 times.
- **Altman Z-score: 1.72**. A Z-score of 1.72 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.40%** (2p per share, trailing). RHI Magnesita N.V. yields 5.40%, an income-level yield.
- **Payout ratio: 99%** (34% of free cash flow). 99% of earnings goes out as dividends, leaving a thin cushion.
- **Dividend growth (5 yr): 29.2%/yr** (1-yr -2.7%). The dividend has compounded at 29.2% a year over five years, doubling roughly every 2 years at that pace.
- **Shareholder yield: 5.4%**. Dividends plus net buybacks return 5.4% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (7 analysts). 7 analysts cover RHI Magnesita N.V.; the consensus is buy, with an average price target of 3386p (+20% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 38.0%** (YTD 3.3%, 3-mo 2.0%). The shares are up 38.0% over twelve months including dividends.
- **From 52-week high: -17.0%** (46.6% above the low). Trading 17% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 1.85** (volatility 43%). Beta of 1.85 against the FTSE All-Share: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=RHIM.L · Page: https://foliofundamentals.com/stocks/rhim.l

Not investment advice.