A Business at a Glance
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RAYONIER ADVANCED MATERIALS INC.
RYAM
$559M
Mkt Cap
$8.38
-0.71%
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a 5-year average return on invested capital (ROIC) of 0.4%. This is below average and may indicate limited pricing power.
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a market capitalization of $565M. It is classified as a small-cap stock.
RAYONIER ADVANCED MATERIALS INC. (RYAM) does not currently pay a regular dividend.
RAYONIER ADVANCED MATERIALS INC. (RYAM) operates in the Pulp Mills industry, within the Materials sector.
RAYONIER ADVANCED MATERIALS INC. (RYAM) reported annual revenue of $1.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a net profit margin of -28.8%. The company is currently unprofitable.
RAYONIER ADVANCED MATERIALS INC. (RYAM) generated $-92 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Table of Contents Part I We are a global leader in the production of cellulose specialties, a natural polymer used in the manufacturing of various specialty chemical products, including liquid crystal displays, filters, textiles and performance additives for pharmaceutical, food and other industrial applications. Building upon nearly 100 years of experience in cellulose chemistry, we provide some of the highest quality high-purity cellulose pulp products that make up the essential building blocks for our customers’ products while providing exceptional service and value. RYAM’s specialized assets also produce bioelectricity, biomaterials, including biofuels, lignin and tall oil soap, and commodity fluff, viscose and paper pulp. Additionally, we produce a unique, lightweight multi-ply paperboard product and a bulky, high-yield pulp product. Our paperboard is used for production in the commercial printing, lottery ticket and high-end packaging sectors.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.5B | 1.6B | 1.6B | 1.7B | 1.4B |
| Net Income | -472M | -422M | -39M | -102M | -15M | 66M |
| EPS | $-7.04 | $-6.33 | $-0.59 | $-1.57 | $-0.23 | $1.05 |
| Free Cash Flow | -3.6M | -92M | 164M | 8.6M | -69M | 138M |
| ROIC | -4.0% | -0.1% | 2.8% | -6.4% | 1.7% | 3.8% |
| Gross Margin | 6.1% | 8.1% | 10.2% | 5.4% | 7.2% | 5.3% |
| Debt/Equity | 3.31 | 2.54 | 1.06 | 1.07 | 1.04 | 1.17 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | -46M | -1.3M | 39M | -65M | 26M | -10M |
| Operating Margin | -3.2% | -0.1% | 2.4% | -4.0% | 1.5% | -0.7% |
| ROE | -205.9% | -82.0% | -5.3% | -12.9% | -1.8% | 8.8% |
| Shares Outstanding | 67M | 67M | 66M | 65M | 65M | 63M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 958M | 941M | 869M | 961M | 2.0B | 1.4B | 1.3B | 1.4B | 1.7B | 1.6B | 1.6B | 1.5B | 1.4B |
| Gross Margin | 23.4% | 21.5% | 21.4% | 14.6% | 14.9% | 3.7% | 4.7% | 5.3% | 7.2% | 5.4% | 10.2% | 8.1% | 6.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | 6.0M | 7.0M | 7.0M | 7.0M | 6.0M | 5.0M | 7.0M | 7.0M |
| SG&A | 40M | 48M | 37M | 80M | 105M | 81M | 78M | 76M | 91M | 76M | 92M | 84M | 80M |
| EBIT | 63M | 120M | 143M | 59M | 148M | -52M | -30M | -10M | 26M | -65M | 39M | -1.3M | -46M |
| Op. Margin | 6.6% | 12.7% | 16.5% | 6.1% | 7.6% | -3.7% | -2.3% | -0.7% | 1.5% | -4.0% | 2.4% | -0.1% | -3.2% |
| Net Income | 32M | 55M | 68M | 311M | 115M | -31M | 555K | 66M | -15M | -102M | -39M | -422M | -472M |
| Net Margin | 3.3% | 5.9% | 7.8% | 32.4% | 5.9% | -2.2% | 0.0% | 4.7% | -0.9% | -6.2% | -2.4% | -28.8% | -33.0% |
| Non-Recurring | 5.1M | 27M | -2.4M | -2.0M | -3.2M | -1.3M | -481K | -1.0M | -3.7M | 62M | 40M | 382K | 382K |
| Returns on Capital | |||||||||||||
| ROIC | 5.5% | 10.2% | 13.2% | 21.4% | 6.4% | -1.7% | 0.0% | 3.8% | 1.7% | -6.4% | 2.8% | -0.1% | -4.0% |
| ROE | 7.0% | -138.9% | 69.8% | 68.7% | 16.4% | -4.5% | 0.1% | 8.8% | -1.8% | -12.9% | -5.3% | -82.0% | -205.9% |
| ROA | 2.6% | 4.3% | 5.0% | 15.3% | 4.3% | -1.2% | 0.0% | 2.7% | -0.6% | -4.5% | -1.8% | -21.7% | -28.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 188M | 202M | 232M | 130M | 247M | 42M | 124M | 233M | 69M | 136M | 204M | 24M | 16M |
| Free Cash Flow | 113M | 124M | 144M | 55M | 118M | -49M | 61M | 138M | -69M | 8.6M | 164M | -92M | -3.6M |
| Owner Earnings | 93M | 102M | 137M | 24M | 88M | -107M | -20M | 90M | -75M | -10M | 59M | -116M | -124M |
| CapEx | 75M | 77M | 89M | 75M | 129M | 90M | 63M | 95M | 138M | 128M | 39M | 116M | 20M |
| Maint. CapEx | 86M | 89M | 88M | 97M | 146M | 142M | 138M | 138M | 135M | 140M | 137M | 134M | 136M |
| Growth CapEx | 0 | 0 | 429K | 0 | 0 | 0 | 0 | 0 | 3.6M | 0 | 0 | 0 | 0 |
| D&A | 86M | 89M | 88M | 97M | 146M | 142M | 138M | 138M | 135M | 140M | 137M | 134M | 136M |
| CapEx/OCF | 39.8% | 38.4% | 38.2% | 57.8% | 53.5% | N/A | 50.9% | 11.0% | 43.2% | 27.4% | 19.2% | N/A | 122.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.9M | 12M | 12M | 13M | 15M | 8.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 0.5% | 2.2% | 2.5% | 1.7% | 1.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 92K | 0 | 0 | 157K | 43M | 6.9M | 457K | 1.4M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | 0.0% | 7.3% | 0.0% | 0.1% | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 8.7M | 10.0M | 7.2M | 9.0M | 13M | 6.5M | 6.4M | 5.1M | 9.7M | 6.5M | 7.1M | 5.5M | 4.5M |
| Debt Repayment | 79M | 77M | 71M | 730M | 45M | 86M | 30M | 161M | 75M | 538M | 702M | 512M | 512M |
| Balance Sheet | |||||||||||||
| Net Debt | 879M | 766M | 457M | 1.1B | 1.1B | 1.0B | 1.0B | 696M | 714M | 722M | 634M | 728M | 692M |
| Cash & Equiv. | 66M | 101M | 327M | 96M | 109M | 64M | 94M | 253M | 152M | 76M | 125M | 75M | 68M |
| Long-Term Debt | 936M | 860M | 774M | 1.2B | 1.2B | 1.1B | 1.1B | 891M | 839M | 752M | 706M | 758M | 735M |
| Debt/Equity | -15.14 | -50.62 | 3.70 | 1.79 | 1.68 | 1.62 | 1.59 | 1.17 | 1.04 | 1.07 | 1.06 | 2.54 | 3.31 |
| Interest Coverage | 2.8 | 3.2 | 4.1 | 1.5 | 2.6 | -1.0 | -0.5 | -0.2 | 0.4 | -0.9 | 0.5 | -0.0 | -0.0 |
| Equity | -62M | -17M | 212M | 694M | 707M | 683M | 695M | 814M | 829M | 746M | 714M | 317M | 229M |
| Total Assets | 1.3B | 1.3B | 1.4B | 2.6B | 2.7B | 2.5B | 2.5B | 2.4B | 2.3B | 2.2B | 2.1B | 1.8B | 1.7B |
| Total Liabilities | 1.4B | 1.3B | 1.2B | 1.9B | 2.0B | 1.8B | 1.8B | 1.6B | 1.5B | 1.4B | 1.4B | 1.4B | 7.8M |
| Intangibles | N/A | N/A | 0 | 60M | 52M | 45M | 38M | 31M | 24M | 17M | 10M | 3.9M | 3.8M |
| Retained Earnings | -21M | 22M | 79M | 377M | 463M | 422M | 423M | 489M | 474M | 373M | 334M | -89M | -171M |
| Working Capital | 180M | 196M | 393M | 339M | 346M | 288M | 341M | 422M | 336M | 199M | 201M | 208M | 144M |
| Current Assets | 312M | 328M | 520M | 647M | 716M | 574M | 634M | 776M | 690M | 575M | 601M | 568M | 529M |
| Current Liabilities | 131M | 131M | 127M | 308M | 370M | 286M | 293M | 355M | 354M | 376M | 400M | 360M | 385M |
| Per Share Data | |||||||||||||
| EPS | 0.75 | 1.30 | 1.55 | 5.81 | 1.96 | -0.57 | 0.01 | 1.05 | -0.23 | -1.57 | -0.59 | -6.33 | -7.04 |
| Owner EPS | 2.21 | 2.41 | 3.12 | 0.45 | 1.50 | -1.96 | -0.37 | 1.42 | -1.16 | -0.16 | 0.90 | -1.73 | -1.84 |
| Book Value | -1.48 | -0.40 | 4.84 | 12.95 | 12.09 | 12.54 | 12.52 | 12.87 | 12.79 | 11.51 | 10.80 | 4.74 | 3.40 |
| Cash Flow/Share | 4.45 | 4.74 | 5.30 | 2.42 | 4.22 | 0.77 | 2.24 | 3.69 | 1.06 | 2.10 | 3.08 | 0.36 | -4.98 |
| Dividends/Share | 0.14 | 0.28 | 0.28 | 0.28 | 0.28 | 0.14 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 42.2M | 42.5M | 43.8M | 53.6M | 58.5M | 54.4M | 55.5M | 63.3M | 64.9M | 64.9M | 66.1M | 66.7M | 67.4M |
| Valuation | |||||||||||||
| P/E Ratio | 27.0 | 6.7 | 9.5 | 3.4 | 5.1 | N/A | 639.0 | 5.3 | N/A | N/A | N/A | N/A | -1.2 |
| P/FCF | 7.6 | 3.0 | 4.5 | 19.1 | 5.0 | N/A | 5.8 | 2.5 | N/A | 30.8 | 3.0 | N/A | N/A |
| EV/EBIT | 27.5 | 2.4 | 2.4 | 15.8 | 2.6 | N/A | N/A | N/A | 47.9 | N/A | 27.3 | N/A | N/A |
| Price/Book | N/A | N/A | 3.0 | 1.5 | 0.8 | N/A | 0.5 | 0.4 | 0.7 | 0.4 | 0.7 | N/A | 2.5 |
| Price/Sales | 1.3 | 0.6 | 0.6 | 0.8 | 0.5 | N/A | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | N/A | 0.4 |
| FCF Yield | 13.2% | 33.4% | 22.3% | 5.2% | 20.1% | N/A | 17.2% | 39.3% | -12.3% | 3.3% | 33.1% | N/A | -0.6% |
| Market Cap | 853M | 372M | 645M | 1.0B | 588M | 0 | 355M | 351M | 564M | 265M | 497M | 0 | 565M |
| Avg. Price | 28.38 | 12.38 | 11.02 | 14.21 | 17.57 | 0.00 | 3.24 | 7.52 | 5.20 | 4.73 | 6.12 | 0.00 | 8.38 |
| Year-End Price | 20.22 | 8.75 | 14.72 | 19.60 | 10.06 | 0.00 | 6.39 | 5.55 | 8.70 | 4.08 | 7.57 | 0.00 | 8.38 |
RAYONIER ADVANCED MATERIALS INC. passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 3.3x vs a median of 5.0x. The company's 5-year average ROIC is 0.4% with a gross margin of 7.2%. At current prices, the estimated annualized return to fair value is +3.8%.
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a debt-to-equity ratio of 2.54. This indicates higher leverage, which may increase financial risk.
RAYONIER ADVANCED MATERIALS INC. (RYAM) reported earnings per share (EPS) of $-6.33 in its most recent fiscal year.
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a return on equity (ROE) of -82.0%. A negative ROE may indicate losses or negative equity.
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a 5-year average gross margin of 7.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for RAYONIER ADVANCED MATERIALS INC. (RYAM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
RAYONIER ADVANCED MATERIALS INC. (RYAM) has a book value per share of $4.74, based on its most recent annual SEC filing.