RIGETTI COMPUTING INC (RGTI)
US76655K1034 - Common Stock
We assign a fundamental rating of 2 out of 10 to RGTI. RGTI was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. While RGTI seems to be doing ok healthwise, there are quite some concerns on its profitability. RGTI does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
RGTI had negative earnings in the past year.
RGTI had a negative operating cash flow in the past year.
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.
Looking at the Return On Equity, with a value of -49.33%, RGTI is doing worse than 82.41% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
RGTI has a Gross Margin of 60.63%. This is amongst the best in the industry. RGTI outperforms 86.11% of its industry peers.
RGTI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
RGTI does not have a ROIC to compare to the WACC, probably because it is not profitable.
RGTI has more shares outstanding than it did 1 year ago.
The debt/assets ratio for RGTI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 35.30 indicates that RGTI is not in any danger for bankruptcy at the moment.
RGTI has a Altman-Z score of 35.30. This is amongst the best in the industry. RGTI outperforms 93.52% of its industry peers.
RGTI has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.02, RGTI is doing good in the industry, outperforming 62.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 35.3 |
ROIC/WACCN/A
WACC14.78%
2.3 Liquidity
A Current Ratio of 4.84 indicates that RGTI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.84, RGTI is in the better half of the industry, outperforming 75.93% of the companies in the same industry.
RGTI has a Quick Ratio of 4.84. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.84, RGTI belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.84 | ||
| Quick Ratio | 4.84 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 39.68% over the past year.
The Revenue for RGTI has decreased by -19.10% in the past year. This is quite bad
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 15.55% yearly.
RGTI is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -14.87% yearly.
EPS Next Y33.61%
EPS Next 2Y18.22%
EPS Next 3Y15.55%
EPS Next 5YN/A
Revenue Next Year-7.14%
Revenue Next 2Y16.84%
Revenue Next 3Y46.53%
Revenue Next 5Y-14.87%
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
RGTI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
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%
5. Dividend
5.1 Amount
RGTI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
RIGETTI COMPUTING INC
NASDAQ:RGTI (12/23/2024, 12:22:10 PM)
10.955
+1.59 (+16.92%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners34.88%
Inst Owner Change1.33%
Ins Owners1.5%
Ins Owner Change-4.28%
Market Cap2.65B
Analysts81.82
Price Target3.06 (-72.07%)
Short Float %14.53%
Short Ratio0.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)4.35%
PT rev (3m)9.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.7%
EPS NY rev (1m)4.02%
EPS NY rev (3m)4.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-44.68%
Revenue NY rev (1m)-16.36%
Revenue NY rev (3m)-16.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 223.21 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 21.61 | ||
| P/tB | 21.61 | ||
| 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 Rank | Sector 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 Rank | Sector 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 | 35.3 |
F-Score3
WACC14.78%
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 5YN/A
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 5Y-14.87%
EBIT growth 1Y10.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year35.73%
EBIT Next 3Y21.29%
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