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There (RHM) Fair Value & Analysis

Other · DE · Market cap €3.5B

T There RHM · HA
Price€1,160
Fair Value€4,597
Upside+296.3%
Quality90/100
Evidence: Medium Range €3,128 – €6,065

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 6 days ago

Share price −1.3% over the past month.

Price vs Fair Value (12 months)

€1,975 €1,113 Fair Value €4,597 Jun 2025 Jun 2026

12‑month range €1,113 – €1,975 · fair‑value band €3,128 – €6,065 · the €1,160 price screens below the €4,597 fair value. As of Jun 24, 2026.

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Analysis

There (RHM) currently trades at €1,160, while our model-based Fair Value estimate is €4,597 — implying the stock looks roughly 296.3% undervalued today. We read business quality at 90/100 (high quality), in the Other 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: medium) — always confirm before acting.

Net debt stands at €912M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Free cash flow €1.4B FY2025
Dividend yield 1.1%
Net debt €912M FY2024

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

About the company

There is no Profile data available for RHM.HA.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €9.9B in FY2025 versus €5.7B in FY2021, a compound +15.1%/yr. Reported net income was €696M in FY2025, compounding +24.4%/yr from FY2021.

Revenue +15.1%/yr
FY21 €5.7B
FY22 €6.4B
FY23 €7.2B
FY24 €7.7B
FY25 €9.9B
Net income +24.4%/yr
FY21 €291M
FY22 €474M
FY23 €535M
FY24 €717M
FY25 €696M

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Frequently asked questions

Is There (RHM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €4,597 versus a price of €1,160 — about +296% (undervalued). Model-based estimate, not financial advice.
What is the fair value of RHM?
Our 21-model fair value for There is €4,597 (as of Jun 24, 2026), built from audited fundamentals. The current price is €1,160.
What is the quality score of RHM?
There has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of RHM?
The net profit margin of There is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does There pay a dividend?
There currently shows a dividend yield of about 1.10% 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.