$R3NK (+2.79%) is currently trading at around 69,80 € and is therefore only just below its all-time high of € 70.73, which was reached on May 22, 2025. This means that in May alone, the share 35 % increase in price in May alone - a remarkable performance for a company that only went public just over a year ago.
However, the rapid rise in the share price has also prompted the first critical voices. Analysts now consider the share to be ambitiously priced. According to current estimates, the expected price/earnings ratio (P/E ratio) for 2025 is around 36 - a level that is rather unusual in the defense sector. By comparison, competitor companies such as Rheinmetall or Hensoldt are traded at significantly lower multiples.
Nevertheless, RENK is fundamentally convincing with robust figures. In the first quarter of 2025, sales increased by 14,7 %increased, while incoming orders even rose by 163,5 % skyrocketed. The order backlog currently stands at around 5 billion euroswhich gives the company solid planning security for the coming years.
The trend towards military rearmament - particularly through support for Ukraine and long-term modernization plans of NATO countries - plays directly into RENK's hands. The highly specialized drive and chassis systems for tanks and other military vehicles are particularly in demand.
