RHI Magnesita NV
LSE:RHIM

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RHI Magnesita NV Logo
RHI Magnesita NV
LSE:RHIM
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Price: 2 755 GBX -0.18% Market Closed
Market Cap: £1.3B

EV/EBITDA

4.9
Current
10%
Cheaper
vs 3-y average of 5.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.9
=
Enterprise Value
GBX2B
/
EBITDA
€505m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.9
=
Enterprise Value
GBX2B
/
EBITDA
€505m

Valuation Scenarios

RHI Magnesita NV is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (5.5), the stock would be worth GBX3 068.05 (11% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+43%
Average Upside
17%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4.9 GBX2 755
0%
3-Year Average 5.5 GBX3 068.05
+11%
5-Year Average 5.5 GBX3 068.05
+11%
Industry Average 5 GBX2 777.63
+1%
Country Average 7 GBX3 933.62
+43%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
GBX2B
/
Jan 2026
€505m
=
4.9
Current
GBX2B
/
Dec 2026
€543.6m
=
3.7
Forward
GBX2B
/
Dec 2027
€577.7m
=
3.5
Forward
GBX2B
/
Dec 2028
€609.8m
=
3.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
AT
RHI Magnesita NV
LSE:RHIM
1.2B GBP 4.9 16.6
IE
CRH PLC
NYSE:CRH
78.3B USD 12.2 20.9
CH
Holcim AG
SIX:HOLN
39.5B CHF 12.5 3
DE
HeidelbergCement AG
XETRA:HEI
33B EUR 8.3 17
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.6T INR 23.5 49.1
US
Vulcan Materials Co
NYSE:VMC
38.2B USD 18.1 35.5
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 20.2 32.8
US
Amrize AG
SIX:AMRZ
24.5B CHF 12 25.9
DE
Heidelberg Materials AG
XMUN:HEI
21.6B EUR 5.7 11.1
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 8.9 44.4
CN
China Jushi Co Ltd
SSE:600176
128B CNY 30.4 39

Market Distribution

Lower than 70% of companies in Austria
Percentile
30th
Based on 354 companies
30th percentile
4.9
Low
0.1 — 5
Typical Range
5 — 8.3
High
8.3 —
Distribution Statistics
Austria
Min 0.1
30th Percentile 5
Median 7
70th Percentile 8.3
Max 6 998.6

RHI Magnesita NV
Glance View

Hidden behind the towering kilns and furnaces of some of the world's largest industrial operations, RHI Magnesita NV serves as the unsung hero of high-heat environments. Formed from a strategic merger between RHI AG and Magnesita Refratários, the company has positioned itself at the forefront of refractory solutions—an essential yet often overlooked component in the industrial world. Refractories are materials capable of withstanding extreme temperatures, and RHI Magnesita crafts them with precision to cater to industries ranging from steelmaking to cement production. The company's revenue model revolves around the manufacturing and supply of these specialized refractory products which are critical for the efficient operation of their customers' high-temperature processes. At its core, RHI Magnesita thrives on its ability to innovate within the niche domain of heat-resistant technology, combining advanced material science with robust supply chain management. This twin-pillar approach enables them to not only produce top-tier refractory materials but also ensure an unbroken supply to clients across the globe, even in remote or rapidly industrializing regions. Such strategic capabilities allow RHI Magnesita to secure long-term contracts and maintain loyalty among its client base by guaranteeing both quality and availability. As companies strive for operational efficiency and cost-effectiveness, RHI Magnesita remains indispensable, delivering not just materials but also essential expertise and technical support, ensuring its offerings are seamlessly integrated into the heart of industrial operations. Through these strategies, the company solidifies its position as a critical partner in global industrial infrastructure.

RHIM Intrinsic Value
3 239.95 GBX
Undervaluation 15%
Intrinsic Value
Price GBX2 755
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