Rimini Street
Market Cap
US$272.1m
Last Updated
2019/10/23 00:34 UTC
Data Sources
Company Financials +
Executive Summary
Rimini Street, Inc. provides enterprise software products and services for various industries.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
5.4%
RMNI
-4.4%
US Software
0.07%
US Market
1 Year Return
-39.0%
RMNI
19.3%
US Software
8.9%
US Market
Return vs Industry: RMNI underperformed the US Software industry which returned 19.3% over the past year.
Return vs Market: RMNI underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| RMNI | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.4% | -4.4% | 0.07% |
| 30 Day | -11.5% | -4.4% | -0.3% |
| 90 Day | -17.9% | -9.3% | -1.6% |
| 1 Year | -39.0%-39.0% | 21.1%19.3% | 11.3%8.9% |
| 3 Year | n/a | 108.2%99.8% | 46.3%36.8% |
| 5 Year | n/a | 157.9%139.3% | 62.1%44.3% |
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
3 weeks ago | Simply Wall St
Have Rimini Street, Inc. (NASDAQ:RMNI) Insiders Been Selling Their Stock?1 month ago | Simply Wall St
What Kind Of Shareholders Own Rimini Street, Inc. (NASDAQ:RMNI)?4 months ago | Simply Wall St
Calculating The Intrinsic Value Of Rimini Street, Inc. (NASDAQ:RMNI)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 ($4.09) is trading below our estimate of fair value ($12.86)
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 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.
Next Steps
Future Growth
How is Rimini Street forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
54.3%
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 (14.6% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: RMNI's revenue (14.6% 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
Next Steps
Past Performance
How has Rimini Street performed over the past 5 years?
7.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: RMNI is unprofitable, but has reduced losses over the past 5 years at a rate of 7.5% 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 (19.1%).
Return on Equity
High ROE: RMNI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
ROA vs Industry: RMNI is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: RMNI is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
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
Inventory Level: RMNI has a low level of unsold assets or inventory.
Debt Coverage by Assets: RMNI has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 109.1% per year.
Next Steps
Dividend
What is Rimini Street's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate RMNI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RMNI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Rimini Street's salary, the management and board of directors tenure and is there insider trading?
4.3yrs
Average management tenure
CEO
Seth Ravin (52yo)
14.1yrs
Tenure
US$867,509
Compensation
Mr. Seth A. Ravin founded Rimini Street, Inc. and has been its Chairman and Chief Executive Officer since September 2005. Mr. Ravin served as the President of Rimini Street, Inc. since September 2005 until ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Seth's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Seth's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
4.3yrs
Average Tenure
54yo
Average Age
Experienced Management: RMNI's management team is considered experienced (4.3 years average tenure).
Board Age and Tenure
5.8yrs
Average Tenure
57yo
Average Age
Experienced Board: RMNI's board of directors are considered experienced (5.8 years average tenure).
Insider Trading
Insider Buying: RMNI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 700,269 |
| Max Price | US$5.10 |
Ownership Breakdown
Management Team
Tom Sabol (60yo)
Senior VP & CFO
- Tenure: 2.9yrs
Sebastian Grady (54yo)
President
- Tenure: 8.8yrs
- Compensation: US$544.58k
Dave Rowe (53yo)
Senior VP & Chief Marketing Officer
- Tenure: 7.5yrs
- Compensation: US$1.09m
Seth Ravin (52yo)
Founder
- Tenure: 14.1yrs
- Compensation: US$867.51k
Michelle McGlocklin
Vice President of Global Communications
- Tenure: 4.3yrs
James Butler
Chief Ethics & Compliance Officer
- Tenure: 0.08yrs
Dan Winslow (60yo)
Senior VP
- Tenure: 6.1yrs
- Compensation: US$666.20k
Dean Pohl
Director of Investor Relations
- Tenure: 0yrs
Julie Murphy
Senior VP & Chief People Officer
- Tenure: 0.8yrs
Tony Kirk
Vice President Of Sales
- Tenure: 0.7yrs
Board Members
Robin Murray (53yo)
Independent Director
- Tenure: 10.3yrs
- Compensation: US$144.99k
Peggy Taylor (68yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$177.49k
Tom Ashburn (75yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$157.49k
Antonio Carlos Augusto Ribeiro Bonchristiano (52yo)
Director
- Tenure: 2yrs
- Compensation: US$239.99k
Jack Acosta (71yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$159.99k
Steve Capelli (61yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$162.49k
Seth Ravin (52yo)
Founder
- Tenure: 14.1yrs
- Compensation: US$867.51k
Andrew Fleiss (41yo)
Independent Director
- Tenure: 2yrs
- Compensation: US$262.49k
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$272.120m
- Shares outstanding: 66.53m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RMNI | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Oct 2017 |
Biography
Rimini Street, Inc. provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP software products. It sells its solutions primarily  ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:34 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.