PRM
Perimeter Solutions SA
NYSE: PRM · BASIC MATERIALS · SPECIALTY CHEMICALS
$32.16
-1.11% today
Updated 2026-06-05
Market cap
$5.79B
P/E ratio
—
P/S ratio
8.20x
EPS (TTM)
$-1.29
Dividend yield
—
52W range
$13 – $36
Volume
1.3M
Perimeter Solutions SA (PRM) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed PRM price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$32.16
Today
Analyst consensus
$37.00
+15.05% · 12M
2030 Base
$41.38
+28.67% future
NPV today
$21.64
@ 15% WACC
4 analysts:
2 Buy0 Hold1 Sell
Management guidance
Management has not provided explicit multi-year revenue targets in available guidance. However, the $685M MMT acquisition (closed Jan 2026) and $500M Defense Logistics Agency contract signal disciplined M&A strategy focused on recurring revenue and operational leverage. Current trajectory implies management confidence in sustained double-digit revenue growth through 2028, with specialty products (particularly phosphorus chemicals and defense/aerospace foams) as core growth drivers.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
PRM · Perimeter Solutions SA · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$21.25
NPV today: $11.11
Base case (2030)
$41.38
NPV today: $21.64
Bull case (2030)
$81.63
NPV today: $42.69
WallStSmart.com
PRM financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.7B | $0.9B | $1.1B | $1.3B | $1.5B | $1.7B |
| Revenue growth | 16.4% | 40.9% | 17.9% | 16.6% | 15.3% | 13.7% |
| Net margin | — | 34.6% | 37.4% | 38.3% | 38.6% | 38.3% |
| EPS | $1.70 | $1.95 | $2.48 | $2.95 | $3.42 | $3.85 |
| Diluted shares | — | 163M | 164M | 164M | 164M | 165M |
| Net debt | — | $287.53M | $193.56M | $84.00M | $-42.27M | $-185.87M |
| P/S multiple | — | 4.0x | 4.0x | 4.0x | 4.0x | 4.0x |
| Implied price (base) | — | $20.75 | $25.32 | $30.32 | $35.72 | $41.38 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.7B |
| P/S multiple | 2.0x | 4.0x | 8.0x |
| Diluted shares | 165M | 165M | 165M |
| Net debt | $-185.87M | $-185.87M | $-185.87M |
| Implied P/E † | 6x | 11x | 21x |
| 2030 Price | $21.25 | $41.38 | $81.63 |
| NPV @ 15% | $11.11 | $21.64 | $42.69 |
† Implied P/E: Multiples remain elevated across all three scenarios because PRM is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $41.38 base case
PRM catalysts and risks
Growth catalysts
+ $500M Defense Logistics Agency multi-year contract for fire retardants (massive demand certainty through 2030)
+ MMT acquisition ($685M, closed Jan 2026) adds $200M+ recurring revenue from specialty chemicals; integration upside through 2027-2028
+ Wildfire preparedness spending surge (2024-2026 peak); transition to recurring government contracts and utility infrastructure spending
+ Specialty Products segment expansion (P2S5, ZDDP) with higher margins; targeting 30%+ gross margins by 2028
+ Disciplined M&A pipeline in niche specialty chemicals; management flagged 3-5 bolt-on acquisition targets through 2028
Key risks
- Profitability volatility: TTM profit margin -26.9%, though Q1 2026 showed $72.9M net income; sustainability of margin recovery uncertain as leverage increases (Debt/Equity 1.14, LT Debt $1.23B post-MMT)
- Integration execution risk on MMT acquisition; unproven ability to drive operational synergies at scale; management team largely new to $1B+ revenue operations
- Government contract concentration: 20%+ of 2026-2027 revenue likely from DLA/USDA contracts; policy shifts or budget cuts could reduce wildfire/defense spending
- Insider selling surge (May 2026): CFO, President, and major shareholder sold $11M+ in stock near 52-week highs; suggests limited conviction in near-term stock price appreciation
- Valuation stretched: P/S 7.74x (vs. specialty chemicals peers 2-3x), Forward P/E 17.0x; DCF fair value estimated $3.78/share vs. current $33.50 by independent analysis; downside risk if growth disappoints
- Revenue growth deceleration in outer years: company is lapping 74% YoY growth in Q1 2026; achieving 20%+ growth in 2028-2030 requires sustained M&A or market share gains that may not materialize
Methodology · Perimeter Solutions SA 2030 stock forecast model
Perimeter Solutions SA 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 4 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for PRM by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-185.87M by 2030) |
| 3. Time value | NPV calculated using 15% WACC (CAPM: beta 1.932) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 4.0x / bull 8.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
PRM price target FAQ
What is the PRM price target for 2030?
WallStSmart's Perimeter Solutions SA 2030 base case is $41.38 per share, with a bull case of $81.63 and bear case of $21.25. The NPV of the base case discounted to today at 15% WACC is $21.64.
How is the Perimeter Solutions SA 2030 stock forecast calculated?
The PRM 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the PRM price target account for dilution?
Perimeter Solutions SA is projected to grow diluted share count from 163M to 165M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on PRM stock?
4 analysts cover PRM with an average 12-month price target of $37.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.