# RATIONAL Aktiengesellschaft (RTLLF.US)

Canonical: https://gigainvestors.com/s/RTLLF

Analysis as of: 2026-10-16T07:31:42.066Z. 

Listing currency: USD. Reporting currency: EUR.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $629.74 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 39% since Sep 2024

Story as of 2026-10-16T10:01:27.636Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in specialty industrial machinery; annual sales are EUR 1.3 billion.

- Source: https://www.rational-online.com/media/investor-relations/veroeffentlichungen-gj-2025/rational-ag---annual-report-fy-2025-(single-pages).pdf (filed 2026-10-16T07:31:42.066Z); FY2025: revenue 1259086245; grossProfit 743163551; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); RTLLF.US: RATIONAL Aktiengesellschaft engages in the development, production, and sale of cooking systems for industrial kitchens in Germany, Austria, Switzerland, United States, Canada, Mexico, China, Japan, and South Korea. The company offers iCombi Pro; iCombi Classic; combi ovens; iVario Pro, a multi-functional cooking system; The iHexagon; and ConnectedCooking, a digital kitchen management solution. It also provides accessories, care products, service parts, and services. The company serves restaurants and hotels; catering, such as company canteens, hospitals, schools, universities, military facilities, prisons, and retirement homes; and quick service restaurants, caterers, supermarkets, bakeries, snack outlets, butchers' shops, service stations, and delivery services. It sells its products through independent distribution partners. The company was founded in 1973 and is headquartered in Landsberg am Lech, Germany.

### Why customers stay

Margins ranged from 56.7% to 59.2% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); FY2023: grossProfit / revenue = 56.7%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); FY2024: grossProfit / revenue = 59.2%.

- Source: https://www.rational-online.com/media/investor-relations/veroeffentlichungen-gj-2025/rational-ag---annual-report-fy-2025-(single-pages).pdf (filed 2026-10-16T07:31:42.066Z); FY2025: grossProfit / revenue = 59%.

### Where the cash goes

Paid dividends in 4 of 4 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); FY2022: growth capex 0; upkeep 37184000; owner earnings 179456000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); FY2023: growth capex 2013000; upkeep 32619000; owner earnings 215762000. Growth capex / owner earnings = 0.009329724418572315.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); FY2024: growth capex 0; upkeep 31618000; owner earnings 256306000. Growth capex / owner earnings = 0.

- Source: https://www.rational-online.com/media/investor-relations/veroeffentlichungen-gj-2025/rational-ag---annual-report-fy-2025-(single-pages).pdf (filed 2026-10-16T07:31:42.066Z); FY2025: growth capex 0; upkeep 33691376; owner earnings 257060683. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); Dividend observations: [[2022,113700000],[2023,153495000],[2024,153495000],[2025,170486121]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 55.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); RTLLF.US SharesStats.PercentInsiders = 55.2 percentage points; cache date 2026-10-16.

### What the price says

The price is 5.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:31:42.066Z); Closing price 629.74 USD; reporting-to-trading FX 1.12128; FY2025 annual sales per share 110.7375765171504; price multiple 5.071684034655265. FY2025 cash earnings/share 22.60867924362357. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $525.25 per share

- 2016-11: $450.00 per share

- 2016-12: $444.00 per share

- 2017-01: $430.00 per share

- 2017-02: $454.00 per share

- 2017-03: $469.15 per share

- 2017-04: $480.00 per share

- 2017-05: $545.00 per share

- 2017-06: $540.00 per share

- 2017-07: $606.25 per share

- 2017-08: $655.00 per share

- 2017-09: $690.00 per share

- 2017-10: $665.00 per share

- 2017-11: $640.00 per share

- 2017-12: $655.00 per share

- 2018-01: $696.00 per share

- 2018-02: $678.00 per share

- 2018-03: $650.00 per share

- 2018-04: $623.00 per share

- 2018-05: $616.00 per share

- 2018-06: $640.00 per share

- 2018-07: $684.00 per share

- 2018-08: $786.00 per share

- 2018-09: $776.00 per share

- 2018-10: $585.00 per share

- 2018-11: $577.00 per share

- 2018-12: $515.00 per share

- 2019-01: $628.40 per share

- 2019-02: $675.00 per share

- 2019-03: $620.00 per share

- 2019-05: $637.25 per share

- 2019-06: $665.00 per share

- 2019-07: $681.85 per share

- 2019-08: $665.12 per share

- 2019-09: $720.43 per share

- 2019-10: $708.50 per share

- 2019-11: $770.00 per share

- 2019-12: $798.00 per share

- 2020-01: $793.00 per share

- 2020-02: $680.00 per share

- 2020-03: $531.10 per share

- 2020-04: $473.02 per share

- 2020-05: $467.10 per share

- 2020-06: $554.96 per share

- 2020-07: $597.00 per share

- 2020-08: $600.00 per share

- 2020-09: $770.00 per share

- 2020-10: $752.00 per share

- 2020-11: $900.00 per share

- 2020-12: $941.00 per share

- 2021-01: $885.00 per share

- 2021-02: $980.00 per share

- 2021-03: $811.00 per share

- 2021-04: $850.25 per share

- 2021-05: $917.09 per share

- 2021-06: $910.00 per share

- 2021-07: $942.50 per share

- 2021-08: $1,155.00 per share

- 2021-09: $979.05 per share

- 2021-10: $992.06 per share

- 2021-11: $917.93 per share

- 2021-12: $1,019.71 per share

- 2022-01: $853.85 per share

- 2022-02: $749.55 per share

- 2022-03: $716.45 per share

- 2022-04: $596.55 per share

- 2022-05: $662.75 per share

- 2022-06: $599.00 per share

- 2022-07: $689.65 per share

- 2022-08: $565.90 per share

- 2022-09: $513.76 per share

- 2022-10: $545.45 per share

- 2022-11: $598.25 per share

- 2022-12: $571.45 per share

- 2023-01: $675.00 per share

- 2023-02: $653.10 per share

- 2023-03: $663.10 per share

- 2023-04: $695.30 per share

- 2023-05: $637.58 per share

- 2023-06: $713.36 per share

- 2023-07: $772.10 per share

- 2023-08: $755.33 per share

- 2023-09: $604.80 per share

- 2023-10: $574.20 per share

- 2023-11: $613.30 per share

- 2023-12: $742.10 per share

- 2024-01: $744.55 per share

- 2024-02: $805.95 per share

- 2024-03: $892.50 per share

- 2024-04: $891.00 per share

- 2024-05: $841.62 per share

- 2024-06: $862.06 per share

- 2024-07: $886.31 per share

- 2024-08: $959.10 per share

- 2024-09: $1,026.80 per share

- 2024-10: $1,018.87 per share

- 2024-11: $940.10 per share

- 2024-12: $837.53 per share

- 2025-01: $906.62 per share

- 2025-02: $941.92 per share

- 2025-03: $842.05 per share

- 2025-04: $854.24 per share

- 2025-05: $828.00 per share

- 2025-07: $775.69 per share

- 2025-08: $763.81 per share

- 2025-09: $786.03 per share

- 2025-10: $745.07 per share

- 2025-11: $757.62 per share

- 2025-12: $770.00 per share

- 2026-01: $801.49 per share

- 2026-02: $886.61 per share

- 2026-03: $695.80 per share

- 2026-04: $778.15 per share

- 2026-05: $760.96 per share

- 2026-06: $735.97 per share

- 2026-07: $805.76 per share

- 2026-08: $773.67 per share

- 2026-09: $650.00 per share

- 2026-10: $629.74 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original annual-report filing](https://www.rational-online.com/media/investor-relations/veroeffentlichungen-gj-2025/rational-ag---annual-report-fy-2025-(single-pages).pdf); period 2025-12-31, filed see filing.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.