Obermatt

Rational

GER:RAA · DE0007010803
MachineryMedium

360

68
EV / EBIT21
Price / Owner Earnings23
Owner Earnings Yield53
Dividend Yield75
Price/Sales3
EV / Gross Profit30
Price/Book5
Return on Capital100
Cash Return on Capital98
Return on Equity90
EBIT Margin97
Gross Profitability99
Cash Conversion29
Accruals48
Owner Earnings Margin90
Sales growth80
Profit Growth77
Long-Term EPS Growth20
Owner Earnings Growth37
Reinvestment67
Price momentum35
Debt load98
Refinancing19
Debt Payback100
Liquidity98
Analyst ratings36
Opinion Changes50
Price Target Upside75
Market mood100
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Rational generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryGermany
IndustryMachinery
SizeMedium
TypePublic Company
ExchangeXTRA
Founded1999
Employees1,532
ISINDE0007010803
Last UpdateApr 2, 2026
Themes
Industrial AutomationGhost KitchensCateringIndustrial ManufacturingMachinery Manufacturing

Description

RATIONAL Aktiengesellschaft is a provider of high-quality commercial kitchen equipment, primarily focused on thermal food preparation. The company designs, manufactures, and markets innovative cooking systems tailored specifically for large-scale kit…

Analysis

Quality compounder

RATIONAL Aktiengesellschaft is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 29.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 12% yearly growth; analysts expect 6%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is tepid and the balance sheet is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
68
2023202420252026

All-time high

85

Dec 2024

All-time low

20

Feb 2026

Average rank

51

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
3
3
5
Price/Earnings
17
5
9
7
Price/Book
5
3
5
6
Dividend Yield
75
51
43
49
Value (overall)
15
6
6
9

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →