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Rheinmetall vs SUSS MicroTec: Which Stock Looks Stronger in 2026?

SUSS MicroTec SE holds the cleaner structural position, with the lead spread across valuation and growth. Rheinmetall still has the edge on stability, which keeps the comparison from looking entirely one-sided. On the market side, SUSS MicroTec SE is in better shape — its trend is intact while Rheinmetall's trend has broken down. That puts structure and market broadly in agreement — SUSS MicroTec SE's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in valuation, but growth adds another real layer to the result. SUSS MicroTec SE leads by 22 points on the overall comparison score.

Trajectory Similarity
0.68
Moderately similar
Peer-set rank: #12
within Rheinmetall AG's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The match is driven mainly by capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
RHM.DE
Rheinmetall AG
39
Peer-Score
Signal qualityHigh
vs
SMHN.DE
SUSS MicroTec SE
61
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: RHM.DE vs SMHN.DE Profitability 69 75 Stability 51 30 Valuation 19 75 Growth 12 50 RHM.DE SMHN.DE
Gap Ranking
#1 Valuation +56
#2 Growth +38
#3 Stability +21
#4 Profitability +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for RHM.DE and SMHN.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer RHM.DESMHN.DE Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward SUSS MicroTec SE.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
On valuation, SUSS MicroTec SE ranks near the top of the group; Rheinmetall AG sits in the weaker half.
Growth
SUSS MicroTec SE sits in the stronger part of the group on growth, while Rheinmetall AG is closer to mid-pack.
Valuation — Dominant Gap
RHM.DE
19
SMHN.DE
75
Gap+56in favour of SMHN.DE

The multiple-based pricing edge comes from a forward P/E that is 11.6 turns lower.

What keeps the gap from being one-sided

Rheinmetall AG still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both valuation and growth — though stability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the RHM.DE vs SMHN.DE comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how RHM.DE and SMHN.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.