RAMBUS INC (RMBS) Stock Fundamental Analysis
USA - NASDAQ:RMBS - US7509171069 - Common Stock
102.35 USD
-5.03 (-4.68%)
103.55 USD
+1.2 (+1.17%)
Taking everything into account, RMBS scores 7 out of 10 in our fundamental rating. RMBS was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. RMBS gets an excellent profitability rating and is at the same time showing great financial health properties. RMBS is growing strongly while it is still valued neutral. This is a good combination! This makes RMBS very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year RMBS was profitable.
In the past year RMBS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: RMBS reported negative net income in multiple years.
In the past 5 years RMBS always reported a positive cash flow from operatings.
1.2 Ratios
RMBS's Return On Assets of 15.61% is amongst the best of the industry. RMBS outperforms 90.18% of its industry peers.
The Return On Equity of RMBS (18.66%) is better than 84.82% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.43%, RMBS belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
RMBS had an Average Return On Invested Capital over the past 3 years of 9.26%. This is in line with the industry average of 10.87%.
The 3 year average ROIC (9.26%) for RMBS is below the current ROIC(15.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.61% | ||
| ROE | 18.66% | ||
| ROIC | 15.43% |
ROA(3y)12.84%
ROA(5y)7.35%
ROE(3y)15.46%
ROE(5y)8.81%
ROIC(3y)9.26%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 35.49%, RMBS belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
RMBS's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 37.10%, RMBS belongs to the top of the industry, outperforming 94.64% of the companies in the same industry.
In the last couple of years the Operating Margin of RMBS has grown nicely.
RMBS's Gross Margin of 80.29% is amongst the best of the industry. RMBS outperforms 97.32% of its industry peers.
RMBS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.1% | ||
| PM (TTM) | 35.49% | ||
| GM | 80.29% |
OM growth 3Y64.05%
OM growth 5YN/A
PM growth 3Y79.62%
PM growth 5YN/A
GM growth 3Y0.7%
GM growth 5Y0.71%
2. Health
2.1 Basic Checks
RMBS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for RMBS has been reduced compared to 1 year ago.
RMBS has less shares outstanding than it did 5 years ago.
RMBS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 29.08 indicates that RMBS is not in any danger for bankruptcy at the moment.
RMBS has a better Altman-Z score (29.08) than 91.96% of its industry peers.
RMBS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 29.08 |
ROIC/WACC1.35
WACC11.46%
2.3 Liquidity
RMBS has a Current Ratio of 10.85. This indicates that RMBS is financially healthy and has no problem in meeting its short term obligations.
RMBS has a better Current ratio (10.85) than 95.54% of its industry peers.
RMBS has a Quick Ratio of 10.32. This indicates that RMBS is financially healthy and has no problem in meeting its short term obligations.
RMBS has a better Quick ratio (10.32) than 96.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 10.85 | ||
| Quick Ratio | 10.32 |
3. Growth
3.1 Past
RMBS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.42%, which is quite impressive.
The Earnings Per Share has been growing by 14.14% on average over the past years. This is quite good.
Looking at the last year, RMBS shows a very strong growth in Revenue. The Revenue has grown by 35.17%.
RMBS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.59% yearly.
EPS 1Y (TTM)41.42%
EPS 3Y10.73%
EPS 5Y14.14%
EPS Q2Q%57.14%
Revenue 1Y (TTM)35.17%
Revenue growth 3Y19.24%
Revenue growth 5Y19.59%
Sales Q2Q%30.33%
3.2 Future
RMBS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.01% yearly.
RMBS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.86% yearly.
EPS Next Y35.89%
EPS Next 2Y26.64%
EPS Next 3Y23.02%
EPS Next 5Y21.01%
Revenue Next Year23.46%
Revenue Next 2Y18.28%
Revenue Next 3Y17.48%
Revenue Next 5Y9.86%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 42.82, the valuation of RMBS can be described as expensive.
RMBS's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.38, RMBS is valued quite expensively.
RMBS is valuated quite expensively with a Price/Forward Earnings ratio of 34.31.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RMBS is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of RMBS to the average of the S&P500 Index (22.86), we can say RMBS is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.82 | ||
| Fwd PE | 34.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RMBS is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, RMBS is valued a bit cheaper than 70.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.02 | ||
| EV/EBITDA | 35.33 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of RMBS may justify a higher PE ratio.
RMBS's earnings are expected to grow with 23.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.19
PEG (5Y)3.03
EPS Next 2Y26.64%
EPS Next 3Y23.02%
5. Dividend
5.1 Amount
No dividends for RMBS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
102.35
-5.03 (-4.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners94.64%
Inst Owner Change-5.34%
Ins Owners0.76%
Ins Owner Change1.85%
Market Cap11.01B
Analysts81.25
Price Target80.73 (-21.12%)
Short Float %3.94%
Short Ratio2.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.03%
Min EPS beat(2)10.74%
Max EPS beat(2)13.32%
EPS beat(4)2
Avg EPS beat(4)4.12%
Min EPS beat(4)-4.79%
Max EPS beat(4)13.32%
EPS beat(8)4
Avg EPS beat(8)-0.3%
EPS beat(12)7
Avg EPS beat(12)0.87%
EPS beat(16)9
Avg EPS beat(16)-3.23%
Revenue beat(2)2
Avg Revenue beat(2)0.37%
Min Revenue beat(2)0.33%
Max Revenue beat(2)0.41%
Revenue beat(4)2
Avg Revenue beat(4)-0.69%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.41%
Revenue beat(8)2
Avg Revenue beat(8)-4.95%
Revenue beat(12)2
Avg Revenue beat(12)-9.74%
Revenue beat(16)2
Avg Revenue beat(16)-13.13%
PT rev (1m)2.15%
PT rev (3m)7.68%
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)-0.45%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.58%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)0.73%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.82 | ||
| Fwd PE | 34.31 | ||
| P/S | 17.06 | ||
| P/FCF | 42.02 | ||
| P/OCF | 37.6 | ||
| P/B | 8.97 | ||
| P/tB | 11.87 | ||
| EV/EBITDA | 35.33 |
EPS(TTM)2.39
EY2.34%
EPS(NY)2.98
Fwd EY2.91%
FCF(TTM)2.44
FCFY2.38%
OCF(TTM)2.72
OCFY2.66%
SpS6
BVpS11.41
TBVpS8.62
PEG (NY)1.19
PEG (5Y)3.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.61% | ||
| ROE | 18.66% | ||
| ROCE | 17.16% | ||
| ROIC | 15.43% | ||
| ROICexc | 26.88% | ||
| ROICexgc | 43.03% | ||
| OM | 37.1% | ||
| PM (TTM) | 35.49% | ||
| GM | 80.29% | ||
| FCFM | 40.6% |
ROA(3y)12.84%
ROA(5y)7.35%
ROE(3y)15.46%
ROE(5y)8.81%
ROIC(3y)9.26%
ROIC(5y)N/A
ROICexc(3y)14.69%
ROICexc(5y)N/A
ROICexgc(3y)27.93%
ROICexgc(5y)N/A
ROCE(3y)10.3%
ROCE(5y)N/A
ROICexcg growth 3Y30.89%
ROICexcg growth 5YN/A
ROICexc growth 3Y66.38%
ROICexc growth 5YN/A
OM growth 3Y64.05%
OM growth 5YN/A
PM growth 3Y79.62%
PM growth 5YN/A
GM growth 3Y0.7%
GM growth 5Y0.71%
F-Score8
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 74.98% | ||
| Cap/Sales | 4.76% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 104.4% | ||
| Profit Quality | 114.4% | ||
| Current Ratio | 10.85 | ||
| Quick Ratio | 10.32 | ||
| Altman-Z | 29.08 |
F-Score8
WACC11.46%
ROIC/WACC1.35
Cap/Depr(3y)54.47%
Cap/Depr(5y)51.24%
Cap/Sales(3y)5.02%
Cap/Sales(5y)6.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.42%
EPS 3Y10.73%
EPS 5Y14.14%
EPS Q2Q%57.14%
EPS Next Y35.89%
EPS Next 2Y26.64%
EPS Next 3Y23.02%
EPS Next 5Y21.01%
Revenue 1Y (TTM)35.17%
Revenue growth 3Y19.24%
Revenue growth 5Y19.59%
Sales Q2Q%30.33%
Revenue Next Year23.46%
Revenue Next 2Y18.28%
Revenue Next 3Y17.48%
Revenue Next 5Y9.86%
EBIT growth 1Y78.21%
EBIT growth 3Y95.61%
EBIT growth 5YN/A
EBIT Next Year33.57%
EBIT Next 3Y21.47%
EBIT Next 5YN/A
FCF growth 1Y34.41%
FCF growth 3Y0.76%
FCF growth 5Y10.38%
OCF growth 1Y32.74%
OCF growth 3Y3.3%
OCF growth 5Y12.41%