Fundamental Analysis of RIGETTI COMPUTING INC(NASDAQ:RGTI) stock

Fundamental Rating

Overall RGTI gets a fundamental rating of 2 out of 10. We evaluated RGTI against 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 has a expensive valuation and it also scores bad on growth.

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1. Profitability

1.1 Basic Checks

In the past year RGTI has reported negative net income.

RGTI had a negative operating cash flow in the past year.

1.2 Ratios

RGTI has a worse Return On Assets (-38.54%) than 87.04% of its industry peers.

The Return On Equity of RGTI (-49.33%) is worse than 81.48% of its industry peers.

		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 better Gross Margin (60.63%) than 85.19% 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

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ROA

ROE

ROIC

Operating and Profit Margin

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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.

RGTI has a better debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 0.68, we must say that RGTI is in the distress zone and has some risk of bankruptcy.

Looking at the Altman-Z score, with a value of 0.68, RGTI is doing worse than 73.15% of the companies in the same industry.

A Debt/Equity ratio of 0.02 indicates that RGTI is not too dependend on debt financing.

RGTI has a better Debt to Equity ratio (0.02) than 64.81% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.02
Debt/FCF	N/A
Altman-Z	0.68

ROIC/WACCN/A

WACC15.28%

2.3 Liquidity

A Current Ratio of 4.84 indicates that RGTI has no problem at all paying its short term obligations.

The Current ratio of RGTI (4.84) is better than 75.93% of its industry peers.

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.

The Quick ratio of RGTI (4.84) is better than 84.26% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	4.84
Quick Ratio	4.84

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

RGTI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.51%, which is quite impressive.

The Revenue for RGTI has decreased by -19.10% in the past year. This is quite bad

EPS 1Y (TTM)44.51%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%53.68%

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 17.28% yearly.

Based on estimates for the next years, RGTI will show a very negative growth in Revenue. The Revenue will decrease by -14.87% on average per year.

EPS Next Y30.83%

EPS Next 2Y18.9%

EPS Next 3Y17.28%

EPS Next 5YN/A

Revenue Next Year11.03%

Revenue Next 2Y44.31%

Revenue Next 3Y65.96%

Revenue Next 5Y-14.87%

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RGTI. In the last year negative earnings were reported.

Also next year RGTI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		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

A more expensive valuation may be justified as RGTI's earnings are expected to grow with 17.28% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y18.9%

EPS Next 3Y17.28%

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5. Dividend

5.1 Amount

No dividends for RGTI!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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RIGETTI COMPUTING INC

NASDAQ:RGTI (11/22/2024, 10:12:23 PM)

After market: 1.8799 +0.14 (+8.04%)

1.74

+0.26 (+17.57%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupSemiconductors & Semiconductor Equipment

GICS IndustrySemiconductors & Semiconductor Equipment

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap334.60M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-38.54%
ROE	-49.33%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	60.63%
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.08

Health

		Industry Rank	Sector Rank
Debt/Equity	0.02
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	4.84
Quick Ratio	4.84
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

High Growth Momentum

Growth

EPS 1Y (TTM)44.51%

EPS 3YN/A

EPS 5Y

EPS Q2Q%

EPS Next Y30.83%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)-19.1%

Revenue growth 3YN/A

Revenue growth 5Y

Sales Q2Q%

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

RIGETTI COMPUTING INC (RGTI)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens