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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for RigNet Inc. To summarize, we found that RigNet Inc ranked in the 16th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for RigNet Inc ended up being:
40% of the company's capital comes from equity, which is greater than just 19.76% of stocks in our cash flow based forecasting set.
As a business, RigNet Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CEO, CLB, ERF, SLB, and APA can be thought of as valuation peers to RNET, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
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...