Ramaco Resources Inc. Class B Common Stock (METCB)

FairStock Score: 33/100 — RISKY

Key Financials

AI Analysis

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

As a value investor, I start with business quality and price. Ramaco is a metallurgical coal producer, a commodity business with little pricing power and no clear moat. The filed numbers show a sharp deterioration: FY2023 revenue was $693.5M and net income was $82.3M; FY2024 revenue was $666.3M and net income was $11.2M; FY2025 revenue was $536.6M and net loss was $51.4M, with diluted EPS of $-0.99. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $144.8M and net loss was $15.4M. Fiscal Q1 2026 was also weak: revenue was $121.6M and net loss was $18.3M. Trailing free cash flow is negative $135.7M, a FairStock-calculated FCF yield of -19.4%. Debt/equity is 1.25, and FairStock's Altman Z-Score of 1.10 signals financial stress. Against that, at the 2026-10-13 close of $4.22, FairStock calculates P/B of 0.71 and a Piotroski F-Score of 6/9, so some accounting signals are not uniformly poor. The 12.26% dividend yield looks tempting, but a company burning cash is not really covering it. Cheapness can be a trap when the asset base is cyclical and losses are mounting. I would need evidence that cash flow and coal markets have stabilized before treating this as a Graham-style bargain.

In plain English: Ramaco Resources mines and sells coal used by steelmakers. The business looks weak right now because sales have fallen, it lost money in the latest year and recent quarters, and it is burning cash. The stock looks inexpensive compared with its accounting value, but that low price reflects real worries about losses and debt, so it is not a clean bargain.

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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