Ryojbaba Co., Ltd. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$1.0
Valuation models combined (2)
Base case. Range ~$1.0–$1.0. Weighted average of 2 models (justified price-to-book, revenue-to-maturity model).
Price vs value
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Ryojbaba Co., Ltd. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds2 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Ryojbaba Co., Ltd.'s trailing-twelve-month revenue fell 19.4% year on year, with a free-cash-flow margin of 7.4%. Where it stands out: days sales outstanding of 40 days ranks 3 of 29 research & consulting services companies we cover. Where it lags: revenue growth of -19.4% ranks 30 of 33 research & consulting services companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1.1% while net income fell 91.0%: a 92pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Revenue shrinking. Revenue fell 19.4% over the last 12 months.
- Growth slowing. The growth rate is 25.0 points lower than a quarter earlier.
- Loss-making. Operating margin is -8.1%: costs exceed revenue.
- Margins narrowing. Operating margin is down 24.2 points on a year ago.
- Share dilution. Diluted shares rose 5.1% in a year.
- Volatile shares. Over the past year the shares showed annualised volatility of 197% and a beta of 1.1 against the S&P 500.
Price chart
- 1 day+1.6%
- 1 week+18.4%
- 1 month-9.8%
- This year-15.7%
- 1 year-44.7%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $9.3M
- Operating margin
- -8.1%
- Net margin
- 1.3%
- EPS (TTM, diluted)
- $0.01
Growth
- Revenue growth
- −19.4%
- Change in growth rate
- −25.0 pts
- Share count change
- +5.1%
Cash
- Free cash flow (TTM)
- $688,484
- FCF margin
- 7.4%
- Stock pay % of revenue
- 5.8%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for RYOJ from the sources we follow. See filings →
Valuation models
We value Ryojbaba Co., Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.2 ~$0.2–$0.3 | Left out: out of range vs price (0.08x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$1.0 ~$0.9–$1.2 | Included |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | ~$1.0 ~$1.0–$1.2 | Included |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: earnings are positive: price-to-earnings is the better measure |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$1.0 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ryojbaba Co., Ltd. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Valuation multiples over time Market data may be delayed
| At fiscal year end | 2025 |
|---|---|
| Share price | $3.05 |
| Market value | $32m |
| + Net debt (− = net cash) | −$2m |
| Enterprise value | $30m |
| Multiples | |
| Price / sales | 3.4x |
| Price / earnings | n/m |
| Price / free cash flow | 46.5x |
| EV / EBITDA | — |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
Forecasts and guidance
Analysts' consensus
No analyst estimates are published for Ryojbaba Co., Ltd.: too few analysts cover it.
Positioning
- Short interest
- — of tradable shares
- Days to cover
- 0.28 at average volume
- Short interest, 1 month
- −29% to October 15, 2026
- Held by institutions
- 0% of shares
- Held by insiders
- 78.0% of shares
- Employees
- 128 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2026 to date |
|---|---|
| Return | |
| RYOJ | −16% |
| Industry peers (median) | −0% |
| S&P 500 | +11% |
| Months that ended higher | |
| RYOJ | 46% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| RYOJ | −65% |
| S&P 500 | −9% |
Worst fall since August 14, 2025: 80% from October 21, 2025 to May 13, 2026. Getting back needed a 396% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $1.84 – $6.14
- From 52-week high
- −58.1%
- vs 50-day average
- −29.6%
- vs 200-day average
- −18.6%
- Volatility (1 year)
- 197%
- Beta vs S&P 500
- 1.09
Ryojbaba Co., Ltd. in five measures
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 11 | 12 | 9 |
| Gross profit | 4 | 4 | 2 |
| EBITDA | 2 | 2 | −0 |
| Operating income | 1 | 2 | −1 |
| Net income | 1 | 1 | 0 |
| Diluted EPS | $0.08 | $0.13 | $0.01 |
| Growth (year on year) | |||
| Revenue | — | +5.6% | −19.4% |
| EBITDA | — | +42.2% | −112.6% |
| Operating income | — | +42.6% | −140.6% |
| Net income | — | +72.9% | −91.0% |
| Diluted EPS | — | +62.5% | −92.3% |
| Margins | |||
| Gross margin | 33.9% | 38.5% | 26.6% |
| EBITDA margin | 14.9% | 20.1% | −3.1% |
| Operating margin | 11.9% | 16.1% | −8.1% |
| Net margin | 7.0% | 11.5% | 1.3% |
| Free-cash-flow margin | 2.9% | 5.9% | 7.4% |
| Cash flow | |||
| Cash from operations | 0 | 1 | 1 |
| Capital spending | 0 | 0 | 0 |
| Free cash flow | 0 | 1 | 1 |
| Stock-based pay | — | — | 1 |
| Free cash flow after stock pay | — | — | 0 |
| Balance sheet | |||
| Cash | 5 | 3 | 6 |
| Total debt | 0 | 5 | 4 |
| Net debt (negative = net cash) | −5 | 2 | −2 |
| Diluted shares | 10m | 10m | 11m |
Financial health
- Short-term assets cover short-term liabilities $8m of assets due within a year against $3m of liabilities due within a year.
- Short-term assets cover long-term liabilities $8m short-term assets against $8m of longer-dated liabilities.
- More cash than debt $6m of cash against $4m of debt.
- Debt below 40% of shareholders' equity Debt is 63% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt $863,925 of operating cash flow against $4m of debt.
- Operating profit covers interest at least five times over Operating income of −$755,407 against $68,011 of interest.
Dividends, buybacks and capital spending
- Diluted share count
- +5.1%
- year over year
- Days sales outstanding
- 40 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | RYOJ | ACFN | LAWR | ACCL | EGG | ACCS | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $9m | $10m | $8m | $5m | $4m | $22m | $632m |
| Revenue growth, last 12 months | −19.4% | −27.5% | 62.5% | 5.8% | 12.2% | −0.4% | 4.8% |
| Revenue growth, 3-year average | — | 9.2% | — | — | — | −9.9% | 6.8% |
| Revenue growth, latest quarter | — | −29.4% | — | — | — | −0.1% | 4.4% |
| Gross margin | 26.6% | 80.3% | 49.1% | 42.7% | 68.8% | 74.9% | 43.9% |
| Operating margin | −8.1% | 7.1% | −120.4% | 4.5% | 12.1% | −8.8% | 6.1% |
| Operating margin, 3-year average | — | 11.9% | — | — | — | −38.4% | 6.0% |
| Net margin | 1.3% | 16.1% | −121.2% | 5.6% | 12.6% | −7.6% | 3.1% |
| Cash from operations / revenue | 9.3% | 15.3% | −101.1% | 11.1% | −38.5% | 3.2% | 9.6% |
| Free-cash-flow margin | 7.4% | 15.3% | −101.1% | 10.6% | −44.1% | 3.1% | 7.4% |
| Free-cash-flow margin, 3-year average | — | 9.4% | — | — | — | 9.2% | 8.6% |
| Stock pay / revenue | 5.8% | 3.5% | 1.3% | — | — | 3.7% | 2.5% |
| Change in share count | 5.1% | 0.9% | 6.3% | 8.1% | 3.5% | 1.1% | 0.5% |
Peer comparison
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -19.4% | 4.8% | 30 of 33 |
| Change in growth rate Growth | -25.0pp | +0.6pp | 29 of 33 |
| Gross margin Profitability | 26.6% | 45.2% | 22 of 25 |
| Operating margin Profitability | -8.1% | 6.1% | 25 of 31 |
| Net margin Profitability | 1.3% | 3.1% | 21 of 33 |
| Free-cash-flow margin Cash generation | 7.4% | 7.4% | 17 of 33 |
| Stock pay as % of revenue Cash generation | 5.8% | 2.6% | 27 of 30 |
| Long-term debt as % of assets Balance sheet | 18.5% | 22.7% | 9 of 21 |
| Change in share count Balance sheet | 5.1% | 0.6% | 22 of 30 |
| Days sales outstanding Balance sheet | 40 days | 63 days | 3 of 29 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Who owns it
Funds buying and selling- Reported value
- $247
- Institutions reporting
- 3
- Shares held vs prior quarter
- ▼ 97.8%
- Positions opened / closed
- 0 / 0
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jpmorgan Chase & Co | $160 | 0K | 64.8% | ▲ 3.3% |
| UBS Group AG | $64 | 0K | 25.9% | ▼ 99.4% |
| Caitong International Asset Management Co., Ltd | $23 | 0K | 9.3% | ▲ 800.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ryojbaba Co., Ltd.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Ryojbaba Co., Ltd. in brief
- What does Ryojbaba Co., Ltd. do?
- Ryojbaba Co., Ltd. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
- What is Ryojbaba Co., Ltd.'s stock ticker?
- Ryojbaba Co., Ltd. trades under the ticker RYOJ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Ryojbaba Co., Ltd.'s revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Ryojbaba Co., Ltd. reported revenue of $9.3M, 19.4% lower than a year earlier, according to its SEC filings.
- What is Ryojbaba Co., Ltd.'s free cash flow?
- Ryojbaba Co., Ltd.'s free-cash-flow margin is 7.4% of revenue over the trailing twelve months, ranking 17 of the 33 research & consulting services companies we cover.
- Who are Ryojbaba Co., Ltd.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Jpmorgan Chase & Co, UBS Group AG and Caitong International Asset Management Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- What is Ryojbaba Co., Ltd.'s market cap?
- On December 31, 2025, Ryojbaba Co., Ltd.'s market capitalisation was about $32M, with a price-to-earnings ratio of 268.4 and net debt of -$2M. Market figures come from third-party market data and may be delayed.
- How much debt does Ryojbaba Co., Ltd. have?
- Ryojbaba Co., Ltd.'s debt-to-equity ratio is 62.6%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
- Who are Ryojbaba Co., Ltd.'s competitors?
- In our Research & Consulting Services peer group, the companies closest to Ryojbaba Co., Ltd. are Acorn Energy, Inc., Robot Consulting Co., Ltd., Acco Group Holdings Ltd, Enigmatig LTD and Access Newswire Inc. The side-by-side comparison below sets their revenue, margins and growth against Ryojbaba Co., Ltd.'s.
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