$170.66
+16%Rambus Inc. provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5, DDR4 and DDR3 memory interface chips to module manufacturers and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced applications; and physical interface and digital controller IP to offer industry-leading, integrated memory and interconnect subsystems. It also provides a portfolio of patents that covers memory architecture, high-speed serial links, and security products. The company markets its products and services through its direct sales force and distributors. Rambus Inc. was incorporated in 1990 and is headquartered in San Jose, California.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $600.0M | $1.0B | $1.7B | $2.8B | $4.6B | $7.7B | $12.9B | $21.4B | $35.7B | $59.6B |
| Maintenance CapEx | -$8.9M | -$14.9M | -$24.9M | -$41.4M | -$69.0M | -$115.1M | -$191.8M | -$319.7M | -$532.8M | -$888.0M |
| Owner Earnings | $591.1M | $985.2M | $1.6B | $2.7B | $4.6B | $7.6B | $12.7B | $21.1B | $35.2B | $58.7B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $547.3M | $844.6M | $1.3B | $2.0B | $3.1B | $4.8B | $7.4B | $11.4B | $17.6B | $27.2B |
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