Ramaco Resources Inc. Class A Common Stock (METC)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Ramaco as a commodity producer, not a franchise. It mines metallurgical coal, so it sells a product whose price it does not control. That limits any moat. The filed record shows a sharp reversal: in fiscal 2023 the company earned $82.3 million, in fiscal 2024 it earned $11.2 million, and in fiscal 2025 it lost $51.4 million. The weakness has continued: in fiscal Q1 2026, the quarter ended 2026-03-31, net income was negative $18.3 million, and in fiscal Q2 2026, the quarter ended 2026-06-30, net income was negative $15.4 million on revenue of $144.8 million. Revenue has fallen from $693.5 million in fiscal 2023 to $536.6 million in fiscal 2025. FairStock's Lynch category is TURNAROUND, because it lost money in the latest year after earlier profits. FairStock's calculations show a P/B of 1.50 and a negative P/E of -8.35 at the 2026-10-13 close of $8.93, with trailing free cash flow of negative $135.7 million and a negative 14.3% FCF yield. The balance sheet carries a D/E of 1.25, and its Altman Z-Score of 1.33 is not comforting. The 1.76% dividend yield looks fragile against negative free cash flow. On the positive side, the Piotroski F-Score is 6/9, and the latest quarterly loss narrowed from the prior quarter. But a turnaround needs better coal markets and real cash generation. I see a speculative asset play, not a safe value bargain.

In plain English: Ramaco Resources mines metallurgical coal. The business has gone from profits to losses, and it is using more cash than it brings in. At $8.93 on 2026-10-13, the price looks low compared with its 52-week high of $54.35, but the weak earnings and cash flow mean it does not look clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer