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RHÖN-KLINIKUM Aktiengesellschaft, (RHK) Fair Value & Analysis

Healthcare · DE · Market cap €884M

RK RHÖN-KLINIKUM Aktiengesellschaft, RHK · XETRA
Price€15.00
Fair Value€15.75
Upside+5.0%
Quality56/100
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Expensive Growth
Thin margins · 2.0% net margin
Low debt · negative free cash flow
1.50% dividend yield
Mixed vs. peers (6/14)
Narrow moat 28/100
Evidence: High Range €11.83 – €19.69 Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from €11.33 to €15.75 (+39.0%) since Jun 24, 2026. Share price +7.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from €11.83 (bear) to €19.69 (bull), base €15.75. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€16.15 €9.32 Fair Value €15.75 Oct 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €9.32 – €16.15 · fair‑value band €11.83 – €19.69 · the €15.00 price screens below the €15.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

RHÖN-KLINIKUM Aktiengesellschaft, (RHK) currently trades at €15.00, while our model-based Fair Value estimate is €15.75, implying the stock looks roughly 5.0% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Healthcare 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, RHÖN-KLINIKUM Aktiengesellschaft, generated revenue of €2.0B at a net margin of 2.0%. Revenue grew 6.8% year over year. It earns a return on equity of 3.1%. The balance sheet holds a net cash position of €48.1M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €11.83 (bear case) to €19.69 (bull case); at €15.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at 5%, RHK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income €13.23 €12.35 €9.28 76
ROIC Compounder €1.15 €1.18 €1.21 72
Gordon GGM €0.7800 €1.10 €1.39 70
All 16 models by family
DCF Models
Owner Earnings €0.9300 €0.9500 €0.9700 31
Earnings-Based
Graham-Dodd €3.50 €7.38 €9.35 54
PEG = 1.0 €1.11 €1.59 €2.06 46
EPV €1.15 €1.18 €1.21 59
Dividend Discount
Gordon GGM €0.7800 €1.10 €1.39 70
DDM Multi-Stage €0.7800 €1.05 €1.32 61
Multiples
P/E Multiple €8.50 €11.33 €14.16 63
P/S Multiple €6.57 €8.75 €10.94 58
P/B Multiple €6.57 €8.75 €10.94 55
EV/EBIT €1.72 €2.00 €2.28 53
EV/EBITDA €11.77 €15.40 €19.03 54
EV/Revenue €1.48 €1.74 €1.99 43
Asset-Based
NCAV (Graham) €9.86 €13.22 €19.73 50
Economic Profit
Residual Income €13.23 €12.35 €9.28 76
ROIC Compounder €1.15 €1.18 €1.21 72
Growth Earnings
Growth-Adj P/E €6.23 €8.89 €11.56 68

Widest divergence: Asset-Based (€13.22) versus DCF Models (€0.9500). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €2.0B
Revenue growth (YoY) +6.8%
Net margin 2.0%
Return on equity 3.1%
Free cash flow −€34.6M FY2025
P/E ratio 21.6
More key figures
Operating margin 3.0%
EPS (TTM) €0.5700
Dividend yield 1.6%
EPS growth (YoY) +72.7%
Net cash €48.1M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 74

Profitability 33
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

RHÖN-KLINIKUM Aktiengesellschaft, together with its subsidiaries, provides in-patient, semi-patient, and outpatient healthcare services in Germany. The company operates acute hospitals, medical care centers, and rehabilitation hospitals. RHÖN-KLINIKUM Aktiengesellschaft was founded in 1973 and is based in Bad Neustadt an der Saale, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RHÖN-KLINIKUM Aktiengesellschaft, reported revenue of €1.9B in FY2025 versus €1.4B in FY2021, a compound +8.4%/yr. Reported net income was €34.5M in FY2025, compounding +5.1%/yr from FY2021.

Growth Quality 42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€1.9B
Latest YoY
+21.3%
Avg. growth/yr (3Y)
+10.2%
Avg. growth/yr (5Y)
+7.3%
Avg. growth/yr (23Y)
+3.5%
Revenue +8.4%/yr
FY21 €1.4B
FY22 €1.4B
FY23 €1.7B
FY24 €1.6B
FY25 €1.9B
Net income +5.1%/yr
FY21 €28.3M
FY22 €25.1M
FY23 €38.7M
FY24 €43.4M
FY25 €34.5M

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Cite: Fair Value Calculator (2026). "RHÖN-KLINIKUM Aktiengesellschaft, Fair Value". https://www.fairvalue-calculator.com/stock/RHK

Peer Group

Medical Care Facilities · 262 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 22.0× · Pricier than median
P/B 0.77× · Cheaper than 75% of peers
P/S (TTM) 0.51× · Cheaper than 75% of peers
EV/EBITDA 8.9× · Pricier than median
PEG 4.01× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 22
FUTURE 34 · sector 24
PAST 12 · sector 30
HEALTH 96 · sector 90
DIVIDEND 30 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is RHÖN-KLINIKUM Aktiengesellschaft, (RHK) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €15.75 versus a price of €15.00, about +5% (fairly valued).
What is the fair value of RHK?
Our model-based fair value for RHÖN-KLINIKUM Aktiengesellschaft, is €15.75 (as of Jul 19, 2026), built from audited fundamentals. The current price is €15.00.
What is the quality score of RHK?
RHÖN-KLINIKUM Aktiengesellschaft, has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of RHÖN-KLINIKUM Aktiengesellschaft, (RHK)?
RHÖN-KLINIKUM Aktiengesellschaft, reported trailing-twelve-month revenue of about €2.0B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of RHK?
The net profit margin of RHÖN-KLINIKUM Aktiengesellschaft, is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
Does RHÖN-KLINIKUM Aktiengesellschaft, pay a dividend?
RHÖN-KLINIKUM Aktiengesellschaft, currently shows a dividend yield of about 1.60% relative to its recent price (as of Jul 19, 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.

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