NasdaqGM:RMNI

Stock Analysis Report

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Executive Summary

Rimini Street, Inc. provides enterprise software products and services for various industries.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.1%

RMNI

-2.3%

US Software

0.5%

US Market


1 Year Return

7.2%

RMNI

42.3%

US Software

18.7%

US Market

Return vs Industry: RMNI underperformed the US Software industry which returned 40.2% over the past year.

Return vs Market: RMNI underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

RMNIIndustryMarket
7 Day2.1%-2.3%0.5%
30 Day-2.6%0.9%4.9%
90 Day26.9%15.0%19.8%
1 Year7.2%7.2%43.1%42.3%21.2%18.7%
3 Yearn/a150.3%142.2%46.2%36.8%
5 Yearn/a258.3%237.5%85.3%65.1%

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

Valuation

Is Rimini Street undervalued compared to its fair value and its price relative to the market?

35.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RMNI ($5.23) is trading below our estimate of fair value ($8.05)

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.


Next Steps

Future Growth

How is Rimini Street forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

46.2%

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 (13.4% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: RMNI's revenue (13.4% 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?

10.0%

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 10% 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 (10.2%).


Return on Equity

High ROE: RMNI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


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


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 44.6% per year.


Next Steps

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?

5.1yrs

Average management tenure


CEO

Seth Ravin (53 yo)

14.92yrs

Tenure

US$729,952

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: Seth's total compensation ($USD729.95K) is below average for companies of similar size in the US market ($USD2.02M).

Compensation vs Earnings: Seth's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Seth Ravin
Founder14.92yrsUS$729.95k18.86%
$ 67.5m
Daniel Winslow
Executive VP6.92yrsUS$1.95m0.028%
$ 100.1k
Sebastian Grady
President9.58yrsUS$544.58k0.020%
$ 69.9k
Stanley Mbugua
Group VP0.42yrno data0.0059%
$ 21.0k
Alex Goldvug
Vice President of Global Operations0.58yrno datano data
Gerard Brossard
Executive VP & COO0.17yrno datano data
Steven Salaets
Chief Information Officer0.083yrno data0.11%
$ 378.0k
Dean Pohl
Vice President of Investor Relationsno datano datano data
James Butler
Executive VP0.92yrno datano data
Michelle McGlocklin
Vice President of Global Communications5.08yrsno datano data
David Rowe
Executive VP & Chief Marketing Officer8.33yrsUS$1.09m0.18%
$ 645.3k
Brian Slepko
Executive Vice President of Global Service Delivery12.58yrsUS$555.17k0.89%
$ 3.2m

5.1yrs

Average Tenure

55yo

Average Age

Experienced Management: RMNI's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Seth Ravin
Founder14.92yrsUS$729.95k18.86%
$ 67.5m
Robin Murray
Independent Director11.17yrsUS$195.00k0.057%
$ 204.0k
Margaret Taylor
Lead Independent Directorno dataUS$227.50k0.058%
$ 209.1k
Thomas Ashburn
Independent Director6.58yrsUS$207.50k0.058%
$ 206.6k
Antonio Carlos Augusto Ribeiro Bonchristiano
Director2.83yrsUS$190.00k0.075%
$ 266.7k
Jack Acosta
Independent Director6.83yrsUS$210.00k0.058%
$ 209.1k
Steven Capelli
Independent Director6.58yrsUS$212.50k0.057%
$ 204.5k
Jay Snyder
Independent Director0.17yrno datano data

6.6yrs

Average Tenure

58yo

Average Age

Experienced Board: RMNI's board of directors are considered experienced (6.6 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 4%.


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$357.883m
  • Shares outstanding: 69.22m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RMNINasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 00:37
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.