Company Valuation: Rambus Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,214 3,850 7,338 5,634 9,892 10,382 - -
Change - 19.78% 90.58% -23.22% 75.59% 4.96% - -
Enterprise Value (EV) 2,921 3,735 6,912 5,634 9,892 10,382 10,382 10,382
Change - 27.85% 85.05% -18.49% 75.59% 4.96% 0% 0%
P/E 184x -276x 22.7x 32x 43.5x 39.4x 31.9x 26x
PBR 3.91x 5.03x 7.11x - 7.24x 6.12x 5.03x -
PEG - 2x -0x -0.7x 1.6x 2.6x 1.3x 1.2x
Capitalization / Revenue 7.1x 6.73x 13.1x 9.64x 14x 12.7x 10.6x 9.31x
EV / Revenue 0x 0x 0x 0x 0x 12.7x 10.6x 9.31x
EV / EBITDA 0x 0x 0x 0x 0x 26.3x 21.9x 18.6x
EV / EBIT 0x 0x 0x 0x 0x 28.9x 23.9x 19.5x
EV / FCF 0x 0x 0x 0x 0x 36x 27.3x 20.6x
FCF Yield 6.08% 5.53% 2.35% 3.55% 3.37% 2.77% 3.66% 4.86%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.16 -0.13 3.01 1.65 2.11 2.435 3.012 3.688
Distribution rate - - - - - - - -
Net sales 1 453 571.7 558.6 584.1 705.6 818.3 983.6 1,115
EBITDA 1 237.3 288.8 303 294.2 354.5 395.3 473.2 559
EBIT 1 210.5 257.3 269.3 263.2 319.4 359 434.4 531.9
Net income 1 18.33 -14.31 333.9 179.8 230.5 269 328.3 404.6
Net Debt -292.8 -115 -425.8 - - - - -
Reference price 2 29.39 35.82 68.25 52.86 91.89 96.01 96.01 96.01
Nbr of stocks (in thousands) 109,365 107,482 107,509 106,575 107,650 108,137 - -
Announcement Date 2/7/22 2/6/23 2/5/24 2/3/25 2/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
41.43x14.67x41.99x0.57% 46.98B
74.29x34.05x72.85x0.42% 40.76B
11.31x3.45x6.11x0.8% 23.47B
5.61x1.51x4.69x7.59% 13.11B
35.53x - - - 10.84B
2.74x - - - 3.25B
32.81x1.9x13.5x - 2.99B
Average 29.10x 11.12x 27.83x 2.35% 20.2B
Weighted average by Cap. 41.05x 17.15x 40.74x 1.31%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA