RigNet Inc. provides digital technology solutions to the oil and gas industry, focusing on serving offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. The company was founded in 2000 and is based in Houston, Texas.
RNET Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for RigNet Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that RigNet Inc ranked in the 50th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for RNET, they are:
The company has produced more trailing twelve month cash flow than only 8.85% of its sector Energy.
51% of the company's capital comes from equity, which is greater than merely 24.23% of stocks in our cash flow based forecasting set.
RigNet Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.57. This coverage rate is greater than that of merely 13.18% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as RNET, try DLNG, NS, PHX, TRGP, and NSFDF.
Alliance brings unparalleled security and connectivity to the government’s mobile tenant environmentHOUSTON, July 23, 2020 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET), a leading provider of ultra-secure telecommunications and intelligent networking solutions, announced a collaboration with CACI International Inc. (NYSE: CACI) on CACI’s Steelbox™ Secure Voice and Text App for government users. CACI’s Steelbox combines technologies from Microsoft Azure and from BlackBerry’s SecuSuite® to deliver a government cloud-hosted, FedRAMP-certified, secure mobile tenant environment. RigNet will provide telecommunications interconnectivity throughout the United States, increasing the utility and convenience to government entities. “RigNet has been providing highly secure, highly reliable telec...