What is Rambus Inc worth?
With the base-case assumptions below, a discounted cash flow model on Rambus Inc's reported free cash flow gives $101.78 per share. The share price was $80.76 on November 10, 2026, 21% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $62.24 | -23% |
| Base | 15.0% | 9.0% | $101.78 | +26% |
| Bull | 20.0% | 8.0% | $175.42 | +117% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $131.72 | $141.06 | $152.47 | $166.73 | $185.07 |
| 8.0% | $109.23 | $115.29 | $122.44 | $131.03 | $141.52 |
| 9.0% | $92.87 | $97.01 | $101.78 | $107.36 | $113.94 |
| 10.0% | $80.46 | $83.41 | $86.74 | $90.55 | $94.95 |
| 11.0% | $70.75 | $72.91 | $75.32 | $78.04 | $81.11 |
Where the presets come from
Base: years 1 to 5 grow at Rambus Inc's revenue growth rate over the last 5 fiscal years (23.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions