Complete RUM Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
RUM DCF Analysis
RUM (Rumble Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.4M | $81.0M | $95.5M | $119.4M | $149.2M | $186.5M | $233.1M | $291.4M |
| Revenue Growth % | - | 105.6% | 17.9% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| EBIT | $-35.6M | $-135.5M | $-130.9M | $6.0M | $7.5M | $9.3M | $11.7M | $14.6M |
| EBIT Margin % | -90.5% | -167.4% | -137.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $-26.7M | $-101.7M | $-98.1M | $4.5M | $5.6M | $7.0M | $8.7M | $10.9M |
| NOPAT Margin % | -67.9% | -125.6% | -102.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $9.0M | $17.5M | $2.7M | $9.4M | $11.2M | $13.3M | $15.8M | $18.8M |
| Capex / Revenue % | 23.0% | 21.6% | 2.8% | 7.9% | 7.5% | 7.1% | 6.8% | 6.4% |
| Depreciation | $2.1M | $5.6M | $13.6M | $10.5M | $13.2M | $16.5M | $20.6M | $25.8M |
| D&A / Revenue % | 5.3% | 7.0% | 14.3% | 8.8% | 8.8% | 8.8% | 8.8% | 8.8% |
| Change in NWC | $294.6M | $-132.0M | $-285.1M | $0 | $0 | $0 | $0 | $0 |
| NWC Change / Revenue % | 747.9% | -163.0% | -298.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unlevered FCF | $-328.3M | $18.5M | $197.9M | $5.6M | $7.6M | $10.2M | $13.5M | $17.9M |
| UFCF % Chg. | - | 105.6% | 972.2% | -97.2% | 35.6% | 34.3% | 33.2% | 32.3% |
| FCF / Revenue % | -833.5% | 22.8% | 207.2% | 4.7% | 5.1% | 5.4% | 5.8% | 6.1% |
| Discount Factor | - | - | - | 0.928 | 0.862 | 0.800 | 0.742 | 0.689 |
| Present Value of FCF | - | - | - | $5.2M | $6.5M | $8.1M | $10.0M | $12.3M |
| Sum of PV of UFCF | - | - | - | $5.2M | $11.7M | $19.8M | $29.9M | $42.2M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 6.0% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 4.5% |
| Risk Free Rate | 4.46% |
| Market Risk Premium | 4.3% |
| Beta | 0.76 |
| Cost of Equity | 7.7% |
| Total Debt | $1.8M |
| Market Cap | $3.8B |
| Total Capital | $3.8B |
| Debt Weighting | 0.0% |
| Equity Weighting | 100.0% |
| WACC | 7.7% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $17.9M |
| Terminal Value | $350.9M |
| PV of Terminal Value | $241.8M |
| Cumulative PV of UFCF | $42.2M |
| Net Debt | $-112.2M |
| Equity Value | $396.2M |
| Shares Outstanding | 204.1M |
| Implied Share Price | $2 |
| Current Share Price | $9 |
| Implied Upside/(Downside) | -78.0% |
Valuation Summary
$1.94
Implied Price
$8.82
Current Price
-78.0%
Upside/Downside
7.7%
WACC
RUM Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 10 peer companies in Technology
P/E Ratio
$-23.21
-363.2%
Peer Median: 18.5x
EV/EBITDA
$0.00
-100.0%
Peer Median: 10.8x
P/S Ratio
$0.80
-90.9%
Peer Median: 3.4x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for RUM's business model and current situation.
Multiple Comparison
| Multiple | RUM Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -7.0x | 18.5x | 43.9x | -138.0% | Undervalued |
| EV/EBITDA | Infinityx | 10.8x | 10.7x | Infinity% | Overvalued |
| P/S Ratio | 37.8x | 3.4x | 4.8x | 1001.7% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $14.01B | 0.0x | 0.0x | 2.5x | |
| $7.47B | 15.2x | 10.8x | 2.2x | |
| $4.83B | 0.0x | 0.0x | 1335.5x | |
| $4.60B | 0.0x | 89.1x | 12.7x | |
| $3.83B | 0.0x | 0.0x | 37.8x | |
| $11.80B | 83.4x | 88.7x | 9.8x | |
| $3.10B | 85.1x | 15.6x | 3.4x | |
| $2.89B | 642.3x | 3.8x | 0.8x | |
| $2.39B | 17.6x | 9.7x | 1.7x | |
| $2032.79B | 18.5x | 13.6x | 5.7x |