Raytech Holding Limited Ordinary Shares(RAY)Earnings, Financials & Key Ratios

RAY•NASDAQ

$2.64

6.9× P/E·Price updated Jul 7, 2026

SectorConsumer Defensive IndustryHousehold Products Sub-IndustrySuppliers, Durables and Specialty Retailers

AboutRaytech Holdings Company Limited, through its subsidiary, manufactures electronic personal care and household appliances in Hong Kong. It offers hair care products, such as hair dryers, hair straighteners, and curling iron products; trimmer series, including facial shavers, nose trimmers, and eyebrow trimmers; eyelash curlers; neck care series; nail care series; tooling products; and other personal care appliance series, such as body and facial brushes, reset brushes, callus removers, sonic peeling products, handy fans, and others. It also provides product design and development services. The company was founded in 1993 and is based in Kowloon Bay, Hong Kong with additional location in Zhongshan, China.Show more

Revenue$79M+17.6%
EBITDA$8M-32.7%
Net Income$8M-16.8%
EPS (Diluted)3.00-22.7%
Gross Margin22.62%+1.6%
EBITDA Margin9.72%-42.7%
Operating Margin9.71%-42.7%
Net Margin10.5%-29.2%
ROE15.31%-74.0%

RAY Price & Volume

Raytech Holding Limited Ordinary Shares (RAY) stock price & volume — 10-year historical chart

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Excessive Cash Reserves Mask Operational Growth Stagnation

Investment Thesis • Updated 2026Q2

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Fortress

Cash Flow:Mixed

Primary Risk:Capital allocation inefficiency

Key Thesis Takeaways

Raytech Holding Limited presents a unique profile characterized by a fortress balance sheet with $121.5M in cash, yet the company faces significant long-term risks due to a complete lack of R&D investment and volatile revenue patterns.
While the firm has successfully avoided external dilution, the transition to an asset-light model with zero PPE on the books suggests a fundamental shift in its industrial identity that warrants caution.
Investors should monitor whether the company can deploy its substantial liquidity to reverse the 13.5% revenue contraction observed in 2026Q2 or if it will remain a stagnant cash-holding entity.

Verdict Logic

while the company trades at a low P/E of 7.71, the lack of R&D investment and the 13.5% revenue decline in 2026Q2 suggest that the current valuation reflects a lack of long-term growth catalysts.

RAY Growth Metrics

Raytech Holding Limited Ordinary Shares (RAY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years20.41%

TTM-

Profit CAGR

10 Years-

5 Years-

3 Years-4.32%

TTM-

EPS CAGR

10 Years-

5 Years-

3 Years-3.9%

TTM-

Return on Capital

10 Years197.59%

5 Years197.59%

3 Years55.68%

Last Year14.16%

Latest RAY News

Recent stock market news and headlines for Raytech Holding Limited Ordinary Shares (RAY)

GlobeNewsWire·Jun 29, 2026

Raytech Holding Limited Announces Closing of Approximately $6.2 Million Registered Direct Offering of its Ordinary Shares

Hong Kong, June 29, 2026 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) (the “Company”), a British Virgin Islands holding company headquartered in Hong Kong specializing in design, sourcing and wholesale of personal care electrical appliances for international brand owners, today announced the closing of its registered direct offering (the “Offering”) of 3,149,832 ordinary shares at a public offering price of $1.97 per ordinary share on June 29, 2026.

Peers Comparison

Key metrics vs top competitors for Raytech Holding Limited Ordinary Shares (RAY)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
RAYRaytech Holding Limited Ordinary SharesCurrent	$2.64	$7.86M	6.90	17.57%	10.5%	15.31%	—
CODACoda Octopus Group, Inc.	$9.30	$104.91M	25.14	30.75%	17.66%	8.33%	—
CLFDClearfield, Inc.	$32.49	$444.64M	-56.02	19.56%	-6.32%	-3.4%	—
ITRNIturan Location and Control Ltd.	$55.08	$1.1B	18.86	6.77%	16.03%	27.71%	—
VIAVViavi Solutions Inc.	$40.22	$9.31B	268.13	8.39%	-4.03%	-6.92%	—
LITELumentum Holdings Inc.	$698.91	$49.9B	1888.95	21.03%	17.68%	30.68%	—

Compare RAY vs Peers

Raytech Holding Limited Ordinary Shares (RAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CODA

Most directly comparable listed peer for RAY.

Scale Benchmark

vs LITE

Larger-name benchmark to compare RAY against a more recognizable public peer.

Peer Set

Compare Top 5

vs CODA, CLFD, ITRN, VIAV

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RAY Frequently Asked Questions

Raytech Holding Limited Ordinary Shares (RAY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Raytech Holding Limited Ordinary Shares's revenue?

Raytech Holding Limited Ordinary Shares (RAY) reported $150.1M in revenue for fiscal year 2025. This represents a 371% increase from $31.9M in 2021.

How fast is Raytech Holding Limited Ordinary Shares growing?

Raytech Holding Limited Ordinary Shares (RAY) grew revenue by 17.6% over the past year. This is strong growth.

Is RAY profitable?

Yes, Raytech Holding Limited Ordinary Shares (RAY) is profitable, generating $16.5M in net income for fiscal year 2025 (10.5% net margin).

Dividend & Returns

What is RAY's return on equity?

Raytech Holding Limited Ordinary Shares (RAY) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.

What is Raytech Holding Limited Ordinary Shares's free cash flow?

Raytech Holding Limited Ordinary Shares (RAY) generated $7.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in RAY back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

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Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

RAYRaytech Holding Limited Ordinary SharesCurrent

$2.64

$7.86M

6.90

17.57%

10.5%

15.31%

—

CODACoda Octopus Group, Inc.

$9.30

$104.91M

25.14

30.75%

17.66%

8.33%

—

CLFDClearfield, Inc.

$32.49

$444.64M

-56.02

19.56%

-6.32%

-3.4%

—

ITRNIturan Location and Control Ltd.

$55.08

$1.1B

18.86

6.77%

16.03%

27.71%

—

VIAVViavi Solutions Inc.

$40.22

$9.31B

268.13

8.39%

-4.03%

-6.92%

—

LITELumentum Holdings Inc.

$698.91

$49.9B

1888.95

21.03%

17.68%

30.68%

—