RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect primarily in North America.
Limited growth with imperfect balance sheet.
Share Price & News
How has RingCentral's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RNG's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RNG exceeded the US Software industry which returned 37.9% over the past year.
Return vs Market: RNG exceeded the US Market which returned 6.7% over the past year.
Price Volatility Vs. Market
How volatile is RingCentral's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StThe RingCentral (NYSE:RNG) Share Price Is Up 1271% And Shareholders Are Euphoric
1 month ago | Simply Wall StHave RingCentral, Inc. (NYSE:RNG) Insiders Been Selling Their Stock?
2 months ago | Simply Wall StHere's What We Think About RingCentral, Inc.'s (NYSE:RNG) CEO Pay
Is RingCentral undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: RNG ($295.64) is trading above our estimate of fair value ($72.42)
Significantly Below Fair Value: RNG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RNG is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: RNG 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 RNG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RNG is overvalued based on its PB Ratio (52.9x) compared to the US Software industry average (6.9x).
How is RingCentral forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RNG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RNG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RNG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RNG's revenue (22.4% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: RNG's revenue (22.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RNG's Return on Equity is forecast to be low in 3 years time (14.5%).
How has RingCentral performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNG is currently unprofitable.
Growing Profit Margin: RNG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RNG is unprofitable, and losses have increased over the past 5 years at a rate of -10.5% per year.
Accelerating Growth: Unable to compare RNG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RNG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (7.9%).
Return on Equity
High ROE: RNG has a negative Return on Equity (-22.02%), as it is currently unprofitable.
How is RingCentral's financial position?
Financial Position Analysis
Short Term Liabilities: RNG's short term assets ($971.6M) exceed its short term liabilities ($307.8M).
Long Term Liabilities: RNG's short term assets ($971.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: RNG's debt to equity ratio (212.5%) is considered high.
Reducing Debt: RNG's debt to equity ratio has increased from 23% to 212.5% over the past 5 years.
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: RNG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RNG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is RingCentral current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RNG'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 RNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RNG'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 RNG'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
Vlad Shmunis (59yo)
Mr. Vladimir G. Shmunis, also known as Vlad, co-founded Ringcentral, Inc., in 1999 and has been its Chairman and Chief Executive Officer since 1999. Mr. Shmunis served as the President of Ringcentral, Inc. ...
CEO Compensation Analysis
Compensation vs Market: Vlad's total compensation ($USD9.82M) is about average for companies of similar size in the US market ($USD11.49M).
Compensation vs Earnings: Vlad's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||3.17yrs||US$23.26m||0.10% $26.0m|
|Chief Administrative Officer||3.42yrs||US$2.78m||0.60% $154.8m|
|Chief Strategy Officer||10.5yrs||US$2.45m||0.29% $74.4m|
|President & COO||0.50yr||no data||0.0051% $1.3m|
|Co-Founder & CTO||29.5yrs||no data||3.6% $936.7m|
|VP, Corporate Controller & Chief Accounting Officer||1.25yrs||no data||0.023% $6.0m|
|Senior VP & Chief Information Officer||1.5yrs||no data||no data|
|Director of Investor Relations||no data||no data||no data|
|Senior Vice President of Marketing||1.5yrs||no data||no data|
Experienced Management: RNG's management team is considered experienced (3.2 years average tenure).
|Independent Director||3.08yrs||US$308.15k||0.0087% $2.3m|
|Lead Independent Director||5.5yrs||US$338.65k||0.026% $6.8m|
|Independent Director||1.25yrs||US$319.52k||0.032% $8.4m|
|Independent Director||4.75yrs||US$296.65k||0.019% $4.8m|
|Independent Director||8.33yrs||US$313.65k||0.011% $3.0m|
|Independent Director||5.33yrs||US$312.16k||0.0038% $982.3k|
Experienced Board: RNG's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RNG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.3%.
RingCentral, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: RingCentral, Inc.
- Ticker: RNG
- Exchange: NYSE
- Founded: 1999
- Industry: Application Software
- Sector: Software
- Market Cap: US$25.987b
- Shares outstanding: 87.90m
- Website: https://www.ringcentral.com
Number of Employees
- RingCentral, Inc.
- 20 Davis Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RNG||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Sep 2013|
|3RCA||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Sep 2013|
|0V50||LSE (London Stock Exchange)||Yes||Class A Common Stock||GB||USD||Sep 2013|
|RNG *||BMV (Bolsa Mexicana de Valores)||Yes||Class A Common Stock||MX||MXN||Sep 2013|
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect primarily in North America. The company’s products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities that allow businesses to send and receive fax documents without a fax machine. Its products also comprise RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office; and RingCentral Meetings, a collaborative meetings solution that offers web meetings, video conferencing, and screen sharing. In addition, the company offers RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers; RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; and RingCentral Live Reports, an add-on for RingCentral Office customers to gather real-time information. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/09 23:54|
|End of Day Share Price||2020/07/09 00:00|