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 12,211 - -
Change - 19.78% 90.58% -23.22% 75.59% 23.44% - -
Enterprise Value (EV) 2,921 3,735 6,912 5,634 9,892 12,211 12,211 12,211
Change - 27.85% 85.05% -18.49% 75.59% 23.44% 0% 0%
P/E 184x -276x 22.7x 32x 43.5x 45.5x 36.9x 30.7x
PBR 3.91x 5.03x 7.11x - 7.24x 7.2x 5.92x -
PEG - 2x -0x -0.7x 1.6x 2.6x 1.6x 1.5x
Capitalization / Revenue 7.1x 6.73x 13.1x 9.64x 14x 14.9x 12.4x 10.8x
EV / Revenue 0x 0x 0x 0x 0x 14.9x 12.4x 10.8x
EV / EBITDA 0x 0x 0x 0x 0x 30.6x 25.8x 22x
EV / EBIT 0x 0x 0x 0x 0x 34x 28.4x 23.2x
EV / FCF 0x 0x 0x 0x 0x 42.4x 31.6x 23.3x
FCF Yield 6.08% 5.53% 2.35% 3.55% 3.37% 2.36% 3.16% 4.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.16 -0.13 3.01 1.65 2.11 2.482 3.064 3.675
Distribution rate - - - - - - - -
Net sales 1 453 571.7 558.6 584.1 705.6 819.9 986.5 1,129
EBITDA 1 237.3 288.8 303 294.2 354.5 398.7 473 555.6
EBIT 1 210.5 257.3 269.3 263.2 319.4 358.9 430.4 525.2
Net income 1 18.33 -14.31 333.9 179.8 230.5 275.6 334.3 405.7
Net Debt -292.8 -115 -425.8 - - - - -
Reference price 2 29.39 35.82 68.25 52.86 91.89 112.92 112.92 112.92
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
62.13x22.47x64.33x0.38% 70.52B
88.55x41.8x86.87x0.35% 48.27B
18.59x5.9x10.44x0.49% 38.52B
60.77x - - - 18.45B
6.71x1.85x5.76x6.35% 15.88B
2.95x - - - 3.54B
50.39x2.1x16.17x - 3.12B
Average 41.44x 14.83x 36.72x 1.89% 28.33B
Weighted average by Cap. 54.30x 21.93x 52.60x 0.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA