RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally.
+ 2 more risks
Slightly overvalued with worrying balance sheet.
Share Price & News
How has RigNet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RNET's share price has been volatile over the past 3 months.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: RNET underperformed the US Energy Services industry which returned -72.2% over the past year.
Return vs Market: RNET underperformed the US Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is RigNet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StDoes Market Volatility Impact RigNet, Inc.'s (NASDAQ:RNET) Share Price?
2 months ago | Simply Wall StImagine Owning RigNet (NASDAQ:RNET) And Trying To Stomach The 83% Share Price Drop
3 months ago | Simply Wall StIs RigNet, Inc.'s (NASDAQ:RNET) CEO Overpaid Relative To Its Peers?
Is RigNet undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RNET ($1.48) is trading below our estimate of fair value ($2.38)
Significantly Below Fair Value: RNET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RNET is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: RNET is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RNET's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RNET is overvalued based on its PB Ratio (0.6x) compared to the US Energy Services industry average (0.3x).
How is RigNet forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted Energy industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if RNET's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if RNET's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if RNET's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if RNET's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RNET's Return on Equity is forecast to be high in 3 years time
How has RigNet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNET is currently unprofitable.
Growing Profit Margin: RNET is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RNET is unprofitable, and losses have increased over the past 5 years at a rate of -49.7% per year.
Accelerating Growth: Unable to compare RNET's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RNET is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-34.4%).
Return on Equity
High ROE: RNET has a negative Return on Equity (-40.08%), as it is currently unprofitable.
How is RigNet's financial position?
Financial Position Analysis
Short Term Liabilities: RNET's short term assets ($99.8M) exceed its short term liabilities ($70.5M).
Long Term Liabilities: RNET's short term assets ($99.8M) do not cover its long term liabilities ($133.6M).
Debt to Equity History and Analysis
Debt Level: RNET's debt to equity ratio (228.6%) is considered high.
Reducing Debt: RNET's debt to equity ratio has increased from 60.6% to 228.6% over the past 5 years.
Inventory Level: RNET has a high level of physical assets or inventory.
Debt Coverage by Assets: RNET's debt is not covered by short term assets (assets are 0.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RNET has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RNET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is RigNet's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RNET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RNET's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RNET's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RNET's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RNET's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Pickett (55yo)
Mr. Steven E. Pickett, also known as Steve, has been Chief Executive Officer and President of RigNet, Inc. since May 31, 2016. Mr. Pickett served as the Chief Executive Officer of WesTower Communications, ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD1.97M) is above average for companies of similar size in the US market ($USD602.37K).
Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.
|CEO, President & Director||3.83yrs||US$1.97m||0.68% $201.3k|
|Senior VP & CFO||1.58yrs||US$519.97k||0.23% $67.5k|
|CTO & Chief Information Officer||2.83yrs||US$620.95k||0.18% $52.1k|
|Senior VP & General Counsel||2.42yrs||US$826.08k||0.20% $60.3k|
|Senior VP & Chief Operating Officer||0.17yr||no data||no data|
|Interim Principal Accounting Officer and Director of Accounting & Reporting||2yrs||no data||0.096% $28.5k|
|Director of Communications||no data||no data||no data|
|Vice President of Corporate Development||1.67yrs||no data||no data|
|VP of Global Human Resources||1.17yrs||no data||no data|
Experienced Management: RNET's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|CEO, President & Director||3.83yrs||US$1.97m||0.68% $201.3k|
|Independent Director||9.25yrs||US$170.07k||0.23% $68.9k|
|Member of Advisory Board||no data||no data||no data|
|Independent Director||8yrs||US$165.07k||0.064% $19.0k|
|Independent Director||8.83yrs||US$159.07k||0.15% $44.2k|
|Independent Director||9.25yrs||US$170.07k||0.13% $37.2k|
|Independent Director||9.25yrs||US$176.07k||0.20% $59.9k|
|Independent Director||6.42yrs||no data||no data|
|Independent Chairman of the Board||7.83yrs||US$221.75k||0.19% $56.3k|
|Independent Director||2.17yrs||US$198.58k||0.042% $12.5k|
Experienced Board: RNET's board of directors are considered experienced (8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6%.
RigNet, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: RigNet, Inc.
- Ticker: RNET
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$29.569m
- Shares outstanding: 19.98m
- Website: https://www.rig.net
Number of Employees
- RigNet, Inc.
- 15115 Park Row Boulevard
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RNET||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 2010|
RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The company operates through three segments: Managed Communications Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Communications Services segment provides remote communication, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. This segment also sells communications equipment; and provides installation and maintenance services. The Apps & IoT segment offers applications over-the-top of the network layer, including Software as a Service offerings, such as a real-time machine learning and artificial intelligence data platform; Cyphre encryption; cybersecurity services; edge computing solution services that assist customers with collecting and standardizing the complex data produced by edge devices; applications for safety and workforce productivity; and other value-added services. This segment also provides private machine-to-machine IoT data networks, including supervisory control and data acquisition. The Systems Integration segment engages in the design, consulting, engineering, project management, procurement, testing, installation, commissioning, and maintenance of telecommunications systems. This segment also provides monitoring and maintenance for fire and gas detection systems; and programmable logic controller and automation control systems. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:02|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.