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RHI Magnesita N.V (RHIM) Fair Value & Analysis

Industrials · GB · Market cap 1.4B GBX

RM RHI Magnesita N.V RHIM · LSE
Price£28.60
Fair Value£33.74
Upside+18.0%
Quality90/100
Evidence: High Range £16.68 – £55.89

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from £24.33 to £33.74 (+38.7%) since Jun 23, 2026. Share price −8.4% over the past month.

Price vs Fair Value (12 months)

£33.74 £19.97 Fair Value £33.74 Jul 2025 Jun 2026

12‑month range £19.97 – £33.74 · fair‑value band £16.68 – £55.89 · the £28.60 price screens below the £33.74 fair value. As of Jun 24, 2026.

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Analysis

RHI Magnesita N.V (RHIM) currently trades at £28.60, while our model-based Fair Value estimate is £33.74 — implying the stock looks roughly 18.0% undervalued today. We read business quality at 90/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, RHI Magnesita N.V generated revenue of £3.4B at a net margin of 2.6%. Revenue declined 4.0% year over year. It earns a return on equity of 7.4%. Net debt stands at £1.5B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 3.4B GBX
Revenue growth (YoY) -4.0%
Net margin 2.6%
Return on equity 7.4%
Free cash flow 186M GBX FY2025
P/E ratio 19.4
More key figures
Operating margin 10.7%
EPS (TTM) £1.53
Dividend yield 6.2%
EPS growth (YoY) +97.9%
Net debt 1.5B GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. The company offers magnesite and dolomite, and refractory bricks, as well as mixes, mortars and castables, and other specialized refractory products. It also provides refractory engineering solutions, such as drawings or design of a linings concept, installation, supervision, maintenance, and recycling. In addition, the company offers systems, sensors, machinery, and digital products; and sells internally produced raw materials, such as magnesite ore, dead-burned magnesia, and fused magnesia. It serves customers in steel, cement, metals, lime, non-ferrous metals, glass, energy, environmental, and chemicals industries. Additionally, it offers raw magnesite, caustic magnesia, sintered magnesia, dolomite and sintered dolomite, magnesia products, slag conditioners, magnesium oxide, spinels, agalmat…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RHI Magnesita N.V reported revenue of £3.3B in FY2025 versus £2.6B in FY2021, a compound +6.7%/yr. Reported net income was £84.4M in FY2025, compounding −23.2%/yr from FY2021.

Revenue +6.7%/yr
FY21 £2.6B
FY22 £3.3B
FY23 £3.6B
FY24 £3.5B
FY25 £3.3B
Net income −23.2%/yr
FY21 £243M
FY22 £156M
FY23 £165M
FY24 £142M
FY25 £84.4M

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Frequently asked questions

Is RHI Magnesita N.V (RHIM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £33.74 versus a price of £28.60 — about +18% (undervalued). Model-based estimate, not financial advice.
What is the fair value of RHIM?
Our 21-model fair value for RHI Magnesita N.V is £33.74 (as of Jun 24, 2026), built from audited fundamentals. The current price is £28.60.
What is the quality score of RHIM?
RHI Magnesita N.V has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of RHI Magnesita N.V (RHIM)?
RHI Magnesita N.V reported trailing-twelve-month revenue of about £3.4B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of RHIM?
The net profit margin of RHI Magnesita N.V is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.
Does RHI Magnesita N.V pay a dividend?
RHI Magnesita N.V currently shows a dividend yield of about 6.16% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.