Equity Brief · Industrials2026-10-27
RAT.VI·Industrials

RATH Aktiengesellschaft

I · AI Analysis

The brief

RATH produces refractory materials (bricks, fibers, and insulation) that withstand extreme heat in industrial furnaces and kilns. Their products are sold to cement plants, steel mills, glassmakers, and aluminum smelters across Europe, the United States, and other markets [Yahoo Finance].

RATH Aktiengesellschaft is a 133-year-old Austrian manufacturer of refractory materials—heat-resistant bricks, fibers, and insulation—used in cement, steel, glass, and other high-temperature industrial applications [Yahoo Finance]. The company is currently unprofitable, with negative operating and net margins, elevated debt, and weak cash flow, though its stock recently surged more than 28 percent for reasons not disclosed [Börse Social].

The company is unprofitable, heavily indebted, and consuming cash, with a Health Score of 3.7/10 indicating significant financial risk [Sentinellis calculation].

The brief AI analysisConfidence 4/10

Sentinellis health

Significant risks

3.7/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

16% of score3.3/10
Net margin-4.1%· need ≥ 2.5%, the lower third of building & construction in our libraryGross margin+51.1%

Returns on capital

16% of score0.0/10
ROIC-7.7%· need > 10%Return on equity-9.1%· need > 12%

Growth & momentum

11% of score10.0/10
Revenue growth+6.5%Operating margin trend—· no data

Balance sheet

32% of score5.0/10
Current ratio2.4xNet debt / EBITDA21.4x· need < 3.0xInterest coverage-4.0x· need > 6.0xDebt / equity1.22

Cash generation

16% of score3.3/10
Free cash flowEUR -936,000· need positiveCash vs reported profitEUR 4.2M vs EUR -8.8M

Value creation

11% of score0.0/10
ROIC vs cost of capital-11.5pp· need ROIC above WACC

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

EUR 36.6M

Revenue (TTM)

EUR 97.3M

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

1 story · ranked by relevance

  • Company2026-10-21

    Wiener Börse Nebenwerte-Blick: Rath steigt mehr als 28 Prozent - Börse Social

    Börse Social

Premium · Free with any account

The company is burning cash, with negative free cash flow of EUR 936,000 and no clear path to profitability in the near term [Sentinellis calculation] [Yahoo Finance].

1 of 6 risks in this report

Risks

6

Opportunities

4

Red flags

5

Leadership

10

14 more findings in the full report — free with any account.

Unlock the full RATH Aktiengesellschaft analysis

Create a free account to access the complete AI-generated report with inline citations.

  • 6 risks, 4 opportunities and 5 red flags — each with its source
  • 100+ financial metrics with charts and benchmarks
  • Full news summaries with source links
  • Executive team and compensation details
  • PDF export for offline use
Unlock all 15 findings3 free reports · No credit card

III · Related

You might also read

Same sector · Industrials — or comparable health

Want this for your watchlist?

Read three companies free. No card.

Get 3 free reports

Produced 27 Oct 2026, 10:53 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated