TGM's two-stage DCF values Rimini Street, Inc. (RMNI) between $2.85 and $4.36 depending on assumptions, with a base case of $3.48. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (10.3%) reflects its beta.
What would today's price require?
$4.13 is justified only if free cash flow grows about +11.2% a year (fading to 2.5% long-run) at a 10.3% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 3.1%/yr | 11.3% | $2.85 |
| Base case | 6.1%/yr | 10.3% | $3.48 |
| Optimistic | 9.1%/yr | 9.3% | $4.36 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $9.74 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$4.13
Market-Implied Growth
+11.2%/yr
vs +8.0% 5Y actual
Model Scenario Range
$2.85 – $4.36
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for RMNI (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $17.9M · 0.09B shares · net cash $52.8M
Estimated Fair Value
$3.48
-15.7% vs $4.13
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 6.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $4.13; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.3% | $4.03 | $4.25 | $4.51 | $4.82 | $5.19 |
| 9.3% | $3.58 | $3.74 | $3.92 | $4.13 | $4.38 |
| 10.3% | $3.22 | $3.34 | $3.48 | $3.64 | $3.81 |
| 11.3% | $2.94 | $3.04 | $3.14 | $3.26 | $3.39 |
| 12.3% | $2.72 | $2.79 | $2.87 | $2.96 | $3.06 |
