Ryde Group Ltd. Class A Ordinary Shares (RYDE)
FairStock Score: 25/100 — RISKY
Key Financials
| Current Price | $0.65 |
| Market Cap | $175M |
| P/E Ratio | -0.94 |
| ROE | -91.28% |
| Dividend Yield | —% |
| Sector | Technology |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
I approach Ryde as a Graham-style value investor. It is a 25-employee Singapore platform for ride-hailing, carpooling, parcel delivery, RydePay, and subscriptions. The latest filed quarter, fiscal Q1 2026, showed revenue of $3.8 million and a net loss of $2.1 million, a -54.96% margin. That is not a business earning its keep; FairStock calculations show ROE of -91.28% and ROCE of -45.99%. The provided growth figures—38.83% revenue and 41.65% profit—are encouraging, though the data do not label a period. The balance sheet has no debt, with D/E of 0.00, and an Altman Z-Score of 9.61, suggesting low bankruptcy risk on that measure. But the Piotroski F-Score is 2/9, so financial quality is poor. In ride-hailing and delivery, competition is intense, and with only 0 years of filed annual results I cannot assign a Lynch category; the rules require 3 years. The shares closed at $0.69 on 2026-10-13, giving a $175.2 million market cap. FairStock's P/E is -1.00 and P/B is 3.45—more than three times book for a loss-making company is not a Graham bargain, especially with beta 3.02 and a 52-week range of $0.20 to $1.55. The FairStock Score is 25/100. Growth could eventually create value, but today the evidence points to a speculative, unproven enterprise rather than a safe value investment. I would need consistent profits and cash generation before the price looked attractive.
In plain English: Ryde runs ride-hailing, carpooling, parcel delivery and a payments app in Singapore. The business is growing sales but still losing money: in fiscal Q1 2026 it lost $2.1 million on $3.8 million of revenue. At $0.69 a share, the price looks expensive compared with its profits and accounting value, and the company has not yet shown consistent earnings.
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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash
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