Rimini Street, Inc. (RMNI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+100.4%

$9.78

vs $4.88 price

Levered DCF

$5.57

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.3

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	9.7×	-6.68×	11.28×	-134.63×	6.71×	27.69×	-32.33×	-4.64×
P/B	-13.17×	-3.48×	-7.37×	-4.33×	-6.26×	-4.84×	-2.81×	-1.19×
P/S	0.84×	0.56×	0.68×	0.82×	1.34×	0.97×	0.91×	1.25×
EV / EBITDA	4.96×	-11.25×	4.69×	19.46×	16.4×	10.23×	8.26×	-12.34×
Gross margin	60.4%	60.9%	62.3%	62.8%	63.6%	61.4%	62.6%	62.0%
Operating margin	7.8%	-7.5%	12.4%	2.0%	7.2%	5.5%	7.9%	10.5%
Net margin	8.8%	-8.5%	6.0%	-0.6%	20.1%	3.5%	7.6%	-26.9%
Current ratio	0.86×	0.79×	0.86×	0.8×	0.87×	0.74×	0.64×	0.47×
Debt / equity	-3.37×	-1.39×	-2.07×	-1.15×	-1.25×	-0.31×	-0×	-0.01×
Interest coverage	5.19×	-5.1×	9.71×	1.89×	17.27×	232.26×	55.62×	0.73×
Dividend yield	0.0%	0.0%	0.0%	0.0%	2.5%	5.0%	5.8%	0.9%
Payout ratio	0.0%	0.0%	0.0%	0.0%	16.9%	136.2%	68.9%	-4.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-137.3%	52.2%	-66.0%	3.2%	-93.6%	-17.8%	-23.5%	25.6%
Return on invested capital	26.0%	-61.3%	49.9%	-11.1%	38.3%	1350.1%	-39.1%	-22.1%
Return on assets	8.8%	-9.8%	6.6%	-0.6%	19.2%	4.0%	10.2%	-57.2%
Free cash flow yield	15.6%	-17.5%	1.8%	9.2%	12.9%	12.9%	7.2%	6.7%
Earnings yield	10.4%	-15.0%	8.9%	-0.7%	14.9%	3.7%	8.4%	-21.5%
Enterprise value	$327M	$249.5M	$257.5M	$313.5M	$484.2M	$248M	$218.3M	$293.7M
Net debt / EBITDA	-0.44×	-0.35×	-0.61×	-1.28×	-0.65×	-2.79×	-1.44×	0.94×
Cash conversion cycle (days)	110	102	90	87	120	124	139	71