Rumble Inc. (RUM) 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

-148.4%

-$2.44

vs $5.05 price

Levered DCF

-$3.14

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.43

Distress zone

Rating

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
P/E	-19.75×	-7.84×	-7.74×	-119×	-140.1×	-335.05×	-7,500×
P/B	5.86×	-42.07×	3.59×	4.25×	61.88×	-1,233.28×	4,880.66×
P/S	16×	27.81×	11.17×	36.63×	198.51×	92.26×	813.05×
EV / EBITDA	-20.45×	-7.78×	-5.24×	-34.16×	-176.91×	-362.52×	-9,392.19×
Gross margin	14.2%	-45.0%	-80.5%	-11.1%	17.5%	40.5%	46.7%
Operating margin	-76.7%	-137.0%	-167.4%	-90.4%	-111.1%	-27.7%	-9.9%
Net margin	-81.3%	-354.4%	-143.8%	-29.0%	-141.7%	-27.6%	-10.8%
Current ratio	5.84×	0.63×	7.09×	22.09×	6.8×	0.84×	1.39×
Debt / equity	0.01×	-0.03×	0.01×	0×	0.05×	-1.25×	0.19×
Interest coverage	0×	0×	0×	-31.9×	-3.59×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-29.8%	536.1%	-46.3%	-3.4%	-44.2%	368.6%	-64.7%
Return on invested capital	-26.3%	636.9%	-50.1%	-9.9%	-21.3%	-1500.0%	-37.8%
Return on assets	-24.3%	-173.2%	-39.4%	-3.1%	-24.0%	-46.9%	-14.5%
Free cash flow yield	-4.6%	-3.4%	-11.9%	-2.9%	-0.4%	-0.0%	0.0%
Earnings yield	-5.1%	-12.7%	-12.9%	-0.8%	-0.7%	-0.3%	-0.0%
Enterprise value	$1.4B	$2.5B	$688.7M	$1.1B	$1.8B	$419.4M	$2.7B
Net debt / EBITDA	3.51×	0.34×	1.64×	10.36×	4.37×	0.88×	6.13×
Cash conversion cycle (days)	18	-11	-37	-76	-269	-255	-299