(METCB) Ramaco Resources - Ratings and Ratios
Metallurgical Coal, Coke, Steel
Dividends
| Dividend Yield | 5.97% |
| Yield on Cost 5y | 9.60% |
| Yield CAGR 5y | 186.47% |
| Payout Consistency | 100.0% |
| Payout Ratio | 854.7% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 93.0% |
| Value at Risk 5%th | 141% |
| Relative Tail Risk | -8.01% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.65 |
| Alpha | 16.28 |
| CAGR/Max DD | 0.38 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.631 |
| Beta | 1.080 |
| Beta Downside | 0.940 |
| Drawdowns 3y | |
|---|---|
| Max DD | 55.20% |
| Mean DD | 25.15% |
| Median DD | 27.66% |
Description: METCB Ramaco Resources November 30, 2025
Ramaco Resources, Inc. (NASDAQ: METCB) is a U.S.-based producer of metallurgical (coking) coal, supplying blast-furnace steel mills and coke plants in North America and overseas. The company’s asset base consists of five geographically dispersed projects: Elk Creek (≈20,200 ac, WV), Berwind (≈62,500 ac, WV/VA border), Knox Creek (≈64,050 ac, VA), Maben (≈28,000 ac, PA/SWV), and Brook Mine (≈16,000 ac, WY). Founded in 2015 and headquartered in Lexington, Kentucky, Ramaco operates under the GICS sub-industry “Diversified Metals & Mining.”
Key operational metrics (as of Q2 2024) show an estimated 1.2 million short tons of metallurgical coal reserves in the proven and probable categories, with a projected 2025 production capacity of roughly 1.0 million short tons per year, primarily from the Elk Creek and Berwind projects. The company reported a cash balance of $45 million and total debt of $120 million at the end of 2023, giving a net-debt-to-cash ratio of ~2.7×, which is modest for a junior miner but highlights the need for continued financing to fund mine development.
Sector-wide drivers that directly affect Ramaco’s outlook include: (1) global steel-making demand, which the World Steel Association forecasts to grow 2-3 % annually through 2028; (2) metallurgical coal price volatility, with the NYMEX spot price averaging $115 per short ton in H1 2024, up ~15 % year-over-year; and (3) ESG-related pressure on coking-coal producers, prompting many steelmakers to explore hydrogen-based or electric-arc furnace alternatives, potentially compressing long-term demand.
Given these dynamics, a deeper quantitative assessment of Ramaco’s cash-flow sensitivity to coal price swings and capital-expenditure timing can be valuable-consider checking ValueRay’s model for a granular scenario analysis.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-32.9m TTM) > 0 and > 6% of Revenue (6% = 34.8m TTM) |
| FCFTA -0.03 (>2.0%) and ΔFCFTA -12.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 37.65% (prev 5.43%; Δ 32.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 36.0m > Net Income -32.9m (YES >=105%, WARN >=100%) |
| Net Debt (-57.5m) to EBITDA (38.2m) ratio: -1.50 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.97 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (49.8m) change vs 12m ago -4.40% (target <= -2.0% for YES) |
| Gross Margin 10.07% (prev 23.13%; Δ -13.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 77.52% (prev 108.2%; Δ -30.65pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -3.52 (EBITDA TTM 38.2m / Interest Expense TTM 8.91m) >= 6 (WARN >= 3) |
Altman Z'' 1.53
| (A) 0.26 = (Total Current Assets 328.7m - Total Current Liabilities 110.6m) / Total Assets 849.7m |
| (B) 0.02 = Retained Earnings (Balance) 17.1m / Total Assets 849.7m |
| (C) -0.04 = EBIT TTM -31.4m / Avg Total Assets 747.5m |
| (D) 0.05 = Book Value of Equity 17.6m / Total Liabilities 322.7m |
| Total Rating: 1.53 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 35.99
| 1. Piotroski 4.0pt |
| 2. FCF Yield -1.40% |
| 3. FCF Margin -4.09% |
| 4. Debt/Equity 0.26 |
| 5. Debt/Ebitda -1.50 |
| 6. ROIC - WACC (= -14.35)% |
| 7. RoE -8.26% |
| 8. Rev. Trend 30.11% |
| 9. EPS Trend -82.49% |
What is the price of METCB shares?
Over the past week, the price has changed by -1.79%, over one month by -20.21%, over three months by -15.79% and over the past year by +33.30%.
Is METCB a buy, sell or hold?
What are the forecasts/targets for the METCB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 15.3 | 21.6% |
METCB Fundamental Data Overview December 09, 2025
P/E Forward = 5.7372
P/S = 3.0218
P/B = 1.5495
Beta = 1.313
Revenue TTM = 579.5m USD
EBIT TTM = -31.4m USD
EBITDA TTM = 38.2m USD
Long Term Debt = 116.3m USD (from longTermDebt, last quarter)
Short Term Debt = 9.11m USD (from shortTermDebt, last quarter)
Debt = 136.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -57.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.69b USD (1.75b + Debt 136.4m - CCE 193.8m)
Interest Coverage Ratio = -3.52 (Ebit TTM -31.4m / Interest Expense TTM 8.91m)
FCF Yield = -1.40% (FCF TTM -23.7m / Enterprise Value 1.69b)
FCF Margin = -4.09% (FCF TTM -23.7m / Revenue TTM 579.5m)
Net Margin = -5.67% (Net Income TTM -32.9m / Revenue TTM 579.5m)
Gross Margin = 10.07% ((Revenue TTM 579.5m - Cost of Revenue TTM 521.2m) / Revenue TTM)
Gross Margin QoQ = 1.37% (prev 0.87%)
Tobins Q-Ratio = 1.99 (Enterprise Value 1.69b / Total Assets 849.7m)
Interest Expense / Debt = 1.65% (Interest Expense 2.25m / Debt 136.4m)
Taxrate = 19.87% (-3.30m / -16.6m)
NOPAT = -25.1m (EBIT -31.4m * (1 - 19.87%)) [loss with tax shield]
Current Ratio = 2.97 (Total Current Assets 328.7m / Total Current Liabilities 110.6m)
Debt / Equity = 0.26 (Debt 136.4m / totalStockholderEquity, last quarter 526.9m)
Debt / EBITDA = -1.50 (Net Debt -57.5m / EBITDA 38.2m)
Debt / FCF = 2.42 (negative FCF - burning cash) (Net Debt -57.5m / FCF TTM -23.7m)
Total Stockholder Equity = 398.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.87% (Net Income -32.9m / Total Assets 849.7m)
RoE = -8.26% (Net Income TTM -32.9m / Total Stockholder Equity 398.1m)
RoCE = -6.10% (EBIT -31.4m / Capital Employed (Equity 398.1m + L.T.Debt 116.3m))
RoIC = -4.99% (negative operating profit) (NOPAT -25.1m / Invested Capital 504.0m)
WACC = 9.36% (E(1.75b)/V(1.89b) * Re(9.99%) + D(136.4m)/V(1.89b) * Rd(1.65%) * (1-Tc(0.20)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 3.23%
Fair Price DCF = unknown (Cash Flow -23.7m)
EPS Correlation: -82.49 | EPS CAGR: -59.28% | SUE: N/A | # QB: 0
Revenue Correlation: 30.11 | Revenue CAGR: 9.03% | SUE: N/A | # QB: 0
Additional Sources for METCB Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle