Rimini Street
Market Cap
US$540.6m
Last Updated
2021/06/24 06:06 UTC
Data Sources
Company Financials +
Executive Summary
Rimini Street, Inc. provides enterprise software products, services, and support for various industries. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Rimini Street's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RMNI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: RMNI's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-7.3%
RMNI
3.7%
US Software
0.5%
US Market
1 Year Return
34.6%
RMNI
37.3%
US Software
42.6%
US Market
Return vs Industry: RMNI exceeded the US Software industry which returned 33.6% over the past year.
Return vs Market: RMNI exceeded the US Market which returned 39% over the past year.
Shareholder returns
| RMNI | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.3% | 3.7% | 0.5% |
| 30 Day | -2.6% | 8.6% | 1.9% |
| 90 Day | -25.3% | 15.3% | 7.9% |
| 1 Year | 34.6%34.6% | 38.0%37.3% | 44.9%42.6% |
| 3 Year | -4.2%-4.2% | 151.1%144.2% | 64.4%54.1% |
| 5 Year | n/a | 371.9%348.5% | 128.3%102.7% |
Long-Term Price Volatility Vs. Market
How volatile is Rimini Street's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
An Intrinsic Calculation For Rimini Street, Inc. (NASDAQ:RMNI) Suggests It's 45% Undervalued1 month ago | Simply Wall St
Breakeven On The Horizon For Rimini Street, Inc. (NASDAQ:RMNI)2 months ago | Simply Wall St
Do Institutions Own Rimini Street, Inc. (NASDAQ:RMNI) Shares?Valuation
Is Rimini Street undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RMNI ($6.6) is trading below our estimate of fair value ($13.07)
Significantly Below Fair Value: RMNI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RMNI is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: RMNI 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 RMNI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RMNI has negative assets, so we can't compare its PB Ratio to the US Software industry average.
Future Growth
How is Rimini Street forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
125.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RMNI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RMNI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RMNI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RMNI's revenue (15.7% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: RMNI's revenue (15.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RMNI's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Rimini Street performed over the past 5 years?
18.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RMNI is currently unprofitable.
Growing Profit Margin: RMNI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RMNI is unprofitable, but has reduced losses over the past 5 years at a rate of 18.6% per year.
Accelerating Growth: Unable to compare RMNI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RMNI is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (31%).
Return on Equity
High ROE: RMNI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Financial Health
How is Rimini Street's financial position?
Financial Position Analysis
Short Term Liabilities: RMNI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RMNI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RMNI is debt free.
Reducing Debt: RMNI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
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: Whilst unprofitable RMNI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RMNI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 53.6% per year.
Dividend
What is Rimini Street current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RMNI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RMNI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RMNI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RMNI'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 RMNI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Seth Ravin (53 yo)
15.75yrs
Tenure
US$2,045,555
Compensation
Mr. Seth A. Ravin is the Founder of Rimini Street, Inc. and has been its Chairman, Chief Executive Officer and Director since September 2005. Mr. Ravin served as the President of Rimini Street, Inc. since ...
CEO Compensation Analysis
Compensation vs Market: Seth's total compensation ($USD2.05M) is about average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Seth's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: RMNI's management team is seasoned and experienced (5.9 years average tenure).
Board Members
Experienced Board: RMNI's board of directors are considered experienced (7.7 years average tenure).
Ownership
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25%.
Top Shareholders
Company Information
Rimini Street, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Rimini Street, Inc.
- Ticker: RMNI
- Exchange: NasdaqGM
- Founded: 2005
- Industry: Application Software
- Sector: Software
- Market Cap: US$540.586m
- Shares outstanding: 85.27m
- Website: https://www.riministreet.com
Number of Employees
Location
- Rimini Street, Inc.
- 3993 Howard Hughes Parkway
- Suite 500
- Las Vegas
- Nevada
- 89169
- United States
Listings
Biography
Rimini Street, Inc. provides enterprise software products, services, and support for various industries. The company offers software support services for Oracle and SAP enterprise software products. It sel...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/24 06:06 |
| End of Day Share Price | 2021/06/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.