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← CockpitCompetitor Analysis › RHK.DE Rhon-klinikum AGOpen in the cockpit ↗

Rhon-klinikum AGRHK.DECompetitor analysis, valuation and peers

Germany · EUR·Health Care›Hospital/Nursing Management

German private hospital operator running acute-care hospitals and university-affiliated clinics, majority owned by Asklepios.

≈ A German HCA Healthcare, smaller scaleMomentum strong 63
Mkt cap
$1.08B
US dollars, full cap
Free float
5%
of shares outstanding
$/day
$4,897
20-day average traded
Fwd P/E
22.5×
forward earnings
ROIC−WACC
-2.4 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
146 days
1 Apr 2027
Close · EUR€14.40
1D+0.7%
1W0.0%
1M0.0%
3M-2.7%
6M+14.3%
YTD+13.4%
1Y+20.0%
ATR %1.9%
52w lowhigh8.3% off high

What Rhon-klinikum does

German private hospital operator running acute-care hospitals and university-affiliated clinics, majority owned by Asklepios.

Paid per patient case under Germany's flat-rate system, set by insurers and state hospital planning, so margins depend on keeping costs under the fixed fees and filling beds. Governments pay for buildings and equipment; insurers pay running costs. The university hospital in Giessen and Marburg is a major site.

In one line: A German HCA Healthcare, smaller scale.

Products and services

  • Acute-care hospitals
  • University/teaching hospital partnerships
  • Specialty medical centers

Customers

  • Patients (statutory/private insured)
  • German public health insurers

Where it sits in the supply chain

  • Health Care
  • Hospital services
  • Private acute-care hospital operator

What could go right

  • Aging population inpatient demand
  • Hospital consolidation efficiencies

What could go wrong

  • German DRG tariff pressure/hospital reform
  • Staff shortages/wage inflation

Moat: narrow (regulatory licence, scale, installed base). Licensed hospital capacity and academic-medicine partnerships, but reimbursement rates are government-regulated.

Headquarters: Bad Neustadt an der Saale, Germany · Founded: 1973 · Employees: 19,128

Named competitors

Rhon-klinikum at a glance

Size Rhon-klinikum (RHK.DE) is a Germany Health Care company (Hospital/Nursing Management) with a market value of $1.08B, the 141st largest of 205 Germany companies the cockpit tracks. Shares closed at €14.40 on 6 Nov 2026.

Performance Over six months the shares gained 14.3%, against -3.7% for the median peer and +2.6% for the Germany market (cap-weighted) — 5th highest of 20 in its peer set.

Growth Revenue grew 4.9% over the last twelve months (peer median +14.3%); the operating margin is 3.0% (peer median 10.3%).

Valuation It trades at 22.5× forward earnings against a peer median of 38.1× (5th cheapest of 16).

Capital Return on invested capital runs 2.4 points below its cost of capital (5.0% WACC).

Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026RHK.DE 114Peer median 95
Six months, rebased to 100: Rhon-klinikum against the median of its 20 peers (local-currency closes).

Rhon-klinikum financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€1.73B€1.94B€1.83B€1.67B€1.63B
Revenue growth—+6%+9%+2%—
Gross profit-€59.2M€168M€171M€136M€160M
EBITDA€117M€69.4M€69.0M€45.7M€88.3M
Net income€42.1M€34.5M€43.4M€38.7M€25.1M
Free cash flown/a-€34.6M€68.3M€56.7M-€15.7M
Capital expendituren/a€99.1M€70.4M€62.8M€58.2M
Total debt€122M€122M€150M€150M€158M

Quarterly statements and history in the cockpit →

Rhon-klinikum competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%+75%-20%0%+20%GDSYATHARTHPARKHOSPSJLHLA50CVSGHCGCBAVBSLRAINBOWSPI301293AEVS000516SIAKOVAIEXE301267BKDRHK.DE6-month return →1-month return →
Up and to the right = strong over both horizons. Rhon-klinikum is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%50×100×150×YATHARTHPARKHOSPSJLHLCVSGHCGCBAVBSLRAINBOWSPI301293AEVSSIAEXEBKDRHK.DERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Rhon-klinikum is the large dot.

Rhon-klinikum competitors and peer comparison

Head to head with its named competitors (RHK.DE vs FRE.DE)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Rhon-klinikum RHK.DE$1.08B+14%+5%3%22.5×n/a
Fresenius SE & Co. KGaA FRE.DE$32.8B+34%+6%10%14.5×8.0%

How Rhon-klinikum compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rhon-klinikum against its 20 peers (data as of 6 Nov 2026)
MeasureRHK.DEPeer medianRank in peer set
1-month return0.0%-0.6%10th highest of 20
6-month return+14.3%-3.7%5th highest of 20
Distance from 52-week high-8.3%-21.8%4th highest of 20
Revenue growth (TTM)+4.9%+14.3%7th lowest of 21
Operating margin3.0%10.3%3rd lowest of 20
Forward P/E22.5×38.1×5th cheapest of 16
ROIC minus cost of capital-2.4 pp-2.1 pp9th lowest of 20
EV / EBITDA8.4×15.4×2nd cheapest of 16
Net debt / EBITDA-0.1×2.5×3rd least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Rhon-klinikum RHK.DEGermany$1.08B+14%+5%3%22.5×n/an/a
Ramsay Generale de Sante GDS.PAFrance$1.09B-15%+3%4%n/a6.3%+6.0%
Yatharth Hospital and Trauma Care Services YATHARTH.NSIndia$1.05B+25%+50%16%41.0×n/an/a
Park Medi World PARKHOSPS.NSIndia$1.15B+2%+21%n/a28.3×30.5%+10.2%
Jupiter Life Line Hospitals JLHL.NSIndia$1,000M+14%+17%16%48.5×n/an/a
Thomson Medical A50.SISingapore$953M-21%+6%10%n/a20.9%+11.8%
CVS CVSG.LUnited Kingdom$1.23B+20%+6%11%14.3×13.7%+6.9%
HealthCare Global Enterprises HCG.NSIndia$950M-2%+14%8%67.3×n/an/a
Clinica Baviera CBAV.MCSpain$940M-7%+11%20%18.2×0.7%+19.7%
Raffles Medical BSL.SISingapore$1.25B-15%-3%11%27.3×-2.4%+6.1%
Rainbow Childrens Medicare RAINBOW.NSIndia$1.34B-4%+23%22%39.4×30.2%+21.2%
Spire Healthcare SPI.LUnited Kingdom$1.34B+68%+2%8%19.5×9.8%+11.4%
Paras Healthcare PARASHLTH.NSIndia$844Mn/a+24%11%n/an/an/a
Sanbo Hospital Management 301293.SZChina$1.48B-21%+17%6%148.9×n/an/a
Aevis Victoria AEVS.SWSwitzerland$1.49B+9%+15%-6%107.9×26.6%+10.2%
Xi'an International Medical Investment 000516.SZChina$1.54B0%-1%-2%n/a13.6%+20.6%
Sienna Senior Living SIA.TOCanada$1.63B-11%+16%10%38.1×19.6%+8.6%
Kovai Medical Center & Hospital KOVAI.NSIndia$689M+4%+15%21%n/a16.3%+18.1%
Extendicare EXE.TOCanada$1.87B-9%+31%9%19.4×11.2%+8.5%
Huaxia Eye Hospital 301267.SZChina$1.92B-16%+2%15%24.7×3.8%+10.4%
Brookdale Senior Living BKDUnited States$2.15B-31%-4%5%127.7×22.4%-1.4%

Questions

Who are Rhon-klinikum's main competitors?
Named competitors: Asklepios (private) (private or unlisted), Fresenius (Helios Kliniken) (FRE.DE), Sana Kliniken (private) (private or unlisted). The cockpit's measured peer set (industry) also includes Ramsay Generale de Sante (GDS.PA), Yatharth Hospital and Trauma Care Services (YATHARTH.NS), Park Medi World (PARKHOSPS.NS), Jupiter Life Line Hospitals (JLHL.NS), Thomson Medical (A50.SI), CVS (CVSG.L).
Is Rhon-klinikum expensive compared with its peers?
On forward p/e it trades at 22.5× against a peer median of 38.1×, 5th cheapest of 16 in its peer set.
How has Rhon-klinikum stock performed?
Over six months to 6 Nov 2026 the shares returned +14.3% against -3.7% for the median peer; over one year +20.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.