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RIGETTI COMPUTING INC (RGTI) Stock Fundamental Analysis

NASDAQ:RGTI - Nasdaq - US76655K1034 - Common Stock

13.91  -0.07 (-0.5%)

After market: 13.6 -0.31 (-2.23%)

Fundamental Rating

3

Overall RGTI gets a fundamental rating of 3 out of 10. We evaluated RGTI against 109 industry peers in the Semiconductors & Semiconductor Equipment industry. The financial health of RGTI is average, but there are quite some concerns on its profitability. RGTI is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year RGTI has reported negative net income.
In the past year RGTI has reported a negative cash flow from operations.
RGTI Yearly Net Income VS EBIT VS OCF VS FCFRGTI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 -20M -40M -60M -80M -100M

1.2 Ratios

With a Return On Assets value of -38.54%, RGTI is not doing good in the industry: 86.11% of the companies in the same industry are doing better.
The Return On Equity of RGTI (-49.33%) is worse than 83.33% of its industry peers.
Industry RankSector Rank
ROA -38.54%
ROE -49.33%
ROIC N/A
ROA(3y)-44.9%
ROA(5y)N/A
ROE(3y)-57.61%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
RGTI Yearly ROA, ROE, ROICRGTI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 -50 -100

1.3 Margins

Looking at the Gross Margin, with a value of 60.63%, RGTI belongs to the top of the industry, outperforming 86.11% of the companies in the same industry.
RGTI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 60.63%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
RGTI Yearly Profit, Operating, Gross MarginsRGTI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 -200 -400 -600

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6

2. Health

2.1 Basic Checks

RGTI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, RGTI has more shares outstanding
Compared to 1 year ago, RGTI has an improved debt to assets ratio.
RGTI Yearly Shares OutstandingRGTI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M
RGTI Yearly Total Debt VS Total AssetsRGTI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

An Altman-Z score of 54.78 indicates that RGTI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 54.78, RGTI belongs to the top of the industry, outperforming 96.30% of the companies in the same industry.
RGTI has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.02, RGTI is in the better half of the industry, outperforming 62.96% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Altman-Z 54.78
ROIC/WACCN/A
WACC14.76%
RGTI Yearly LT Debt VS Equity VS FCFRGTI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 0 50M -50M 100M 150M

2.3 Liquidity

RGTI has a Current Ratio of 4.84. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
RGTI's Current ratio of 4.84 is fine compared to the rest of the industry. RGTI outperforms 75.93% of its industry peers.
A Quick Ratio of 4.84 indicates that RGTI has no problem at all paying its short term obligations.
RGTI has a better Quick ratio (4.84) than 85.19% of its industry peers.
Industry RankSector Rank
Current Ratio 4.84
Quick Ratio 4.84
RGTI Yearly Current Assets VS Current LiabilitesRGTI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 50M 100M 150M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 39.68% over the past year.
RGTI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.10%.
EPS 1Y (TTM)39.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52.94%
Revenue 1Y (TTM)-19.1%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-23.41%

3.2 Future

RGTI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.46% yearly.
RGTI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 53.48% yearly.
EPS Next Y33.61%
EPS Next 2Y18.22%
EPS Next 3Y15.55%
EPS Next 5Y14.46%
Revenue Next Year-7.14%
Revenue Next 2Y16.84%
Revenue Next 3Y46.53%
Revenue Next 5Y53.48%

3.3 Evolution

RGTI Yearly Revenue VS EstimatesRGTI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20M 40M 60M 80M 100M
RGTI Yearly EPS VS EstimatesRGTI Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 -0.1 -0.2 -0.3 -0.4 -0.5

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RGTI. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for RGTI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
RGTI Price Earnings VS Forward Price EarningsRGTI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
RGTI Per share dataRGTI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4

4.3 Compensation for Growth

RGTI's earnings are expected to grow with 15.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.22%
EPS Next 3Y15.55%

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0

5. Dividend

5.1 Amount

RGTI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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RIGETTI COMPUTING INC

NASDAQ:RGTI (1/22/2025, 8:00:02 PM)

After market: 13.6 -0.31 (-2.23%)

13.91

-0.07 (-0.5%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)N/A N/A
Inst Owners34.88%
Inst Owner Change0.39%
Ins Owners1.5%
Ins Owner Change-4.05%
Market Cap3.37B
Analysts81.82
Price Target3.57 (-74.34%)
Short Float %18.68%
Short Ratio0.38
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.49%
Min EPS beat(2)15.96%
Max EPS beat(2)29.01%
EPS beat(4)3
Avg EPS beat(4)13.08%
Min EPS beat(4)-24.78%
Max EPS beat(4)32.13%
EPS beat(8)4
Avg EPS beat(8)0.46%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-22.17%
Min Revenue beat(2)-30.02%
Max Revenue beat(2)-14.33%
Revenue beat(4)1
Avg Revenue beat(4)-12.31%
Min Revenue beat(4)-30.02%
Max Revenue beat(4)2.9%
Revenue beat(8)3
Avg Revenue beat(8)-7.7%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)16.67%
PT rev (3m)27.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.7%
EPS NY rev (1m)0%
EPS NY rev (3m)4.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-44.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-16.36%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 283.42
P/FCF N/A
P/OCF N/A
P/B 27.44
P/tB 27.44
EV/EBITDA N/A
EPS(TTM)-0.38
EYN/A
EPS(NY)-0.35
Fwd EYN/A
FCF(TTM)-0.27
FCFYN/A
OCF(TTM)-0.22
OCFYN/A
SpS0.05
BVpS0.51
TBVpS0.51
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -38.54%
ROE -49.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 60.63%
FCFM N/A
ROA(3y)-44.9%
ROA(5y)N/A
ROE(3y)-57.61%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 183.28%
Cap/Sales 95.57%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.84
Quick Ratio 4.84
Altman-Z 54.78
F-Score3
WACC14.76%
ROIC/WACCN/A
Cap/Depr(3y)182.75%
Cap/Depr(5y)N/A
Cap/Sales(3y)109.48%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)39.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52.94%
EPS Next Y33.61%
EPS Next 2Y18.22%
EPS Next 3Y15.55%
EPS Next 5Y14.46%
Revenue 1Y (TTM)-19.1%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-23.41%
Revenue Next Year-7.14%
Revenue Next 2Y16.84%
Revenue Next 3Y46.53%
Revenue Next 5Y53.48%
EBIT growth 1Y10.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year34.19%
EBIT Next 3Y19.54%
EBIT Next 5Y14.94%
FCF growth 1Y36.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y29.09%
OCF growth 3YN/A
OCF growth 5YN/A