Rambus Inc Intrinsic Value – RAMBUS INC Reports Strong Q2 Financial Results for FY 2023
August 2, 2023
☀️Earnings Overview
RAMBUS INC ($NASDAQ:RMBS) reported total revenue of USD 119.8 million for the second quarter of fiscal year 2023 on June 30 2023, a dip of 1.1% from the corresponding quarter of the prior year. Net income for the quarter was reported at USD 168.9 million, demonstrating a considerable increase from the USD 35.0 million seen in the same quarter of the previous year.
Market Price
On Monday, RAMBUS INC reported strong financial results for the second quarter of fiscal year 2023. Shares of the company opened for trading at $63.0 and closed at $62.6, up by a slight 0.1% from their last closing price of 62.6. The strong financial results are due to RAMBUS INC’s successful implementation of strategies that have optimized their operations and investments. The company also saw positive results from its expanding product lines, strategic partnerships, and other initiatives, which helped drive growth and strengthen RAMBUS INC’s financial position. The company was also able to maintain their strong balance sheet, with a high cash balance and low debt levels.
This performance has given investors confidence in RAMBUS INC’s long-term prospects. Overall, RAMBUS INC’s strong financial results for the second quarter of fiscal year 2023 have positioned the company well for future success. The solid results give investors hope that the company is on track to achieve long-term growth and profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rambus Inc. More…
| Total Revenues | Net Income | Net Margin |
| 468.2 | 189.05 | 46.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rambus Inc. More…
| Operations | Investing | Financing |
| 226.69 | 151.98 | -362.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rambus Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.13k | 181.56 | 7 |
Key Ratios Snapshot
Some of the financial key ratios for Rambus Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.7% | -8.3% | 8.3% |
| FCF Margin | ROE | ROA |
| 43.4% | 3.2% | 2.1% |
Analysis – Rambus Inc Intrinsic Value
At GoodWhale, we conducted an analysis of RAMBUS INC‘s financials. Upon running our proprietary Valuation Line, we concluded that the intrinsic value of RAMBUS INC share is around $36.5. Unfortunately, the current market price of RAMBUS INC stock is around $62.6, overvalued by 71.6%. This provides us with an opportunity to purchase the stock at an undervalued price. More…
Peers
Rambus Inc. is a leading developer of high-speed memory chips and interfaces. Its products are used in a variety of applications, including personal computers, servers, and mobile devices. The company competes with Goke Microelectronics Co Ltd, 3Peak Incorporated, and Suzhou Novosense Microelectronics Co Ltd in the development of high-speed memory chips and interfaces.
– Goke Microelectronics Co Ltd ($SZSE:300672)
Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company has a market cap of 11.04B as of 2022 and a return on equity of 12.85%. Goke Microelectronics Co Ltd is a leading provider of semiconductor and display technologies. The company develops and manufactures innovative semiconductor and display products for a wide range of applications. Goke Microelectronics Co Ltd’s products are used in a variety of electronic devices, including mobile phones, computers, TVs, and more.
– 3Peak Incorporated ($SHSE:688536)
Peak Incorporated is a leading provider of analytical instruments, software, and services for the global life sciences market. The company has a market cap of 30.14B and a ROE of 9.56%. Peak Incorporated provides a wide range of products and services to help scientists and researchers advance their scientific knowledge and improve human health. The company’s products are used in a variety of applications, including drug discovery, basic research, and clinical research.
– Suzhou Novosense Microelectronics Co Ltd ($SHSE:688052)
Suzhou Novosense Microelectronics Co Ltd is a Chinese company that designs, develops, manufactures, and sells microelectronic products and services. The company has a market cap of 30.12B as of 2022 and a return on equity of 6.73%. The company’s products include integrated circuits, sensors, and other electronic components. It also provides services such as design, development, and testing of microelectronic products.
Summary
RAMBUS INC is an attractive investment opportunity as the company has reported strong financial results for the second quarter of fiscal year 2023. This demonstrates the company’s ability to continue to grow its revenue despite challenging market conditions. Furthermore, the company has a strong balance sheet and cash position, making it a viable option for investors looking for a stable return.
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