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Ramaco Resources

Nasdaq:METC
Snowflake Description

Very undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
METC
Nasdaq
$95M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Ramaco Resources, Inc. produces and sells metallurgical coal The company’s development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 61,343 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,567 acres of controlled mineral, which is situated in southwestern Pennsylvania. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Ramaco Resources has significant price volatility in the past 3 months.
METC Share Price and Events
7 Day Returns
-10.7%
NasdaqGS:METC
1%
US Metals and Mining
7.2%
US Market
1 Year Returns
-60.5%
NasdaqGS:METC
-28.5%
US Metals and Mining
-10.4%
US Market
METC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ramaco Resources (METC) -10.7% -19.1% -34.9% -60.5% -74.8% -
US Metals and Mining 1% -17.6% -32.2% -28.5% -28.8% -11.5%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • METC underperformed the Metals and Mining industry which returned -28.5% over the past year.
  • METC underperformed the Market in United States of America which returned -10.4% over the past year.
Price Volatility
METC
Industry
5yr Volatility vs Market

METC Value

 Is Ramaco Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ramaco Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ramaco Resources.

NasdaqGS:METC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:METC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.823 (1 + (1- 21%) (13.78%))
0.942
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.942 * 5.44%)
6.86%

Discounted Cash Flow Calculation for NasdaqGS:METC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ramaco Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:METC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.86%)
2020 6.83 Analyst x4 6.39
2021 36.76 Analyst x5 32.19
2022 50.70 Analyst x4 41.55
2023 64.80 Analyst x1 49.69
2024 65.60 Analyst x1 47.07
2025 66.46 Est @ 1.31% 44.63
2026 67.42 Est @ 1.44% 42.36
2027 68.45 Est @ 1.53% 40.25
2028 69.54 Est @ 1.59% 38.26
2029 70.68 Est @ 1.64% 36.39
Present value of next 10 years cash flows $378.00
NasdaqGS:METC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $70.68 × (1 + 1.74%) ÷ (6.86% – 1.74%)
$1,403.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,403.76 ÷ (1 + 6.86%)10
$722.84
NasdaqGS:METC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $378.00 + $722.84
$1,100.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,100.84 / 40.95
$26.88
NasdaqGS:METC Discount to Share Price
Calculation Result
Value per share (USD) From above. $26.88
Current discount Discount to share price of $2.33
= -1 x ($2.33 - $26.88) / $26.88
91.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ramaco Resources is available for.
Intrinsic value
>50%
Share price is $2.33 vs Future cash flow value of $26.88
Current Discount Checks
For Ramaco Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ramaco Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ramaco Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ramaco Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ramaco Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:METC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.61
NasdaqGS:METC Share Price ** NasdaqGS (2020-03-30) in USD $2.33
United States of America Metals and Mining Industry PE Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 8.43x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ramaco Resources.

NasdaqGS:METC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:METC Share Price ÷ EPS (both in USD)

= 2.33 ÷ 0.61

3.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ramaco Resources is good value based on earnings compared to the US Metals and Mining industry average.
  • Ramaco Resources is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ramaco Resources's expected growth come at a high price?
Raw Data
NasdaqGS:METC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
44.6%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 22 Publicly-Listed Metals and Mining Companies -0.13x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

NasdaqGS:METC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.82x ÷ 44.6%

0.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ramaco Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ramaco Resources's assets?
Raw Data
NasdaqGS:METC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.16
NasdaqGS:METC Share Price * NasdaqGS (2020-03-30) in USD $2.33
United States of America Metals and Mining Industry PB Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 1.06x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGS:METC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:METC Share Price ÷ Book Value per Share (both in USD)

= 2.33 ÷ 4.16

0.56x

* Primary Listing of Ramaco Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ramaco Resources is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Ramaco Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Ramaco Resources has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

METC Future Performance

 How is Ramaco Resources expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ramaco Resources expected to grow at an attractive rate?
  • Ramaco Resources's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Ramaco Resources's earnings growth is expected to exceed the United States of America market average.
  • Ramaco Resources's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:METC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:METC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 44.6%
NasdaqGS:METC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 16.1%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:METC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:METC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 92
2023-12-31 91
2022-12-31 342 85 68 4
2021-12-31 282 69 55 4
2020-12-31 201 36 18 5
2020-03-31
NasdaqGS:METC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 230 42 25
2019-09-30 229 41 26
2019-06-30 230 41 27
2019-03-31 229 27 27
2018-12-31 228 36 25
2018-09-30 207 24 19
2018-06-30 160 0 7
2018-03-31 105 1 -7
2017-12-31 61 -8 -15
2017-09-30 41 -14 -14
2017-06-30 28 -3 -10
2017-03-31 17 -11 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ramaco Resources's earnings are expected to grow significantly at over 20% yearly.
  • Ramaco Resources's revenue is expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:METC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Ramaco Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:METC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.68 1.89 1.47 2.00
2021-12-31 1.38 1.47 1.29 2.00
2020-12-31 0.45 0.50 0.39 2.00
2020-03-31
NasdaqGS:METC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.61
2019-09-30 0.65
2019-06-30 0.67
2019-03-31 0.66
2018-12-31 0.63
2018-09-30 0.48
2018-06-30 0.17
2018-03-31 -0.18
2017-12-31 -0.41
2017-09-30 -0.36
2017-06-30 -0.24
2017-03-31 -0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ramaco Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ramaco Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ramaco Resources has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

METC Past Performance

  How has Ramaco Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ramaco Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ramaco Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Ramaco Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ramaco Resources's 1-year earnings growth is negative, it can't be compared to the US Metals and Mining industry average.
Earnings and Revenue History
Ramaco Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ramaco Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:METC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 230.21 24.93 18.18
2019-09-30 228.79 26.44 16.53
2019-06-30 229.57 27.10 15.55
2019-03-31 229.09 26.69 14.54
2018-12-31 227.57 25.07 14.01
2018-09-30 207.41 19.08 13.96
2018-06-30 159.65 6.63 13.61
2018-03-31 105.44 -7.06 12.42
2017-12-31 61.04 -15.42 12.59
2017-09-30 40.77 -14.37 9.98
2017-06-30 27.83 -9.65 9.38
2017-03-31 16.75 -6.77 7.31
2016-12-31 5.22 -7.52 7.45
2016-09-30 1.47 -7.40 7.44
2016-06-30 -6.06 4.81
2016-03-31 -5.81 4.72
2015-12-31 -2.34 1.32
2014-12-31 -1.77 0.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ramaco Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ramaco Resources used its assets more efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Ramaco Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Ramaco Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ramaco Resources has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

METC Health

 How is Ramaco Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ramaco Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ramaco Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ramaco Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ramaco Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ramaco Resources Company Filings, last reported 3 months ago.

NasdaqGS:METC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 170.08 12.95 5.53
2019-09-30 167.21 16.77 5.50
2019-06-30 160.56 15.00 5.54
2019-03-31 148.89 18.74 1.94
2018-12-31 141.11 9.47 6.95
2018-09-30 137.02 14.84 5.48
2018-06-30 130.11 14.76 5.91
2018-03-31 119.21 5.79 7.32
2017-12-31 113.40 0.00 11.13
2017-09-30 115.64 0.00 29.12
2017-06-30 121.56 0.00 52.70
2017-03-31 125.05 0.00 73.62
2016-12-31 83.79 11.13 60.43
2016-09-30 89.00 10.63 68.86
2016-06-30 2.71 2.75 0.28
2016-03-31 6.66 0.00 0.99
2015-12-31 6.66 0.00 0.99
2014-12-31 -0.97 0.00
  • Ramaco Resources's level of debt (7.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Ramaco Resources's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (327.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.8x coverage).
X
Financial health checks
We assess Ramaco Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ramaco Resources has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

METC Dividends

 What is Ramaco Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ramaco Resources dividends. Estimated to be 0% next year.
If you bought $2,000 of Ramaco Resources shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ramaco Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ramaco Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:METC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:METC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ramaco Resources has not reported any payouts.
  • Unable to verify if Ramaco Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ramaco Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ramaco Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ramaco Resources's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Ramaco Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ramaco Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ramaco Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

METC Management

 What is the CEO of Ramaco Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Bauersachs
COMPENSATION $1,860,942
AGE 54
TENURE AS CEO 4.6 years
CEO Bio

Mr. Michael D. Bauersachs serves as the Chief Executive Officer and President at Ramaco Resources, Inc., Sole Managing Member of Ramaco Development, LLC since August 2015. Mr. Bauersachs has been the President at Ramaco, LLC since 2011 and is its sole owner. Mr. Bauersachs is an owner of MyDirectMD, LLC and the sole member of MDB Energy, LLC. He is an owner or controller of a number of other mining companies. Mr. Bauersachs has over 30 years of experience in the coal industry. His background has provided him with extensive experience in every major coal-producing region in the U.S. He served as Vice President of Planning for Massey Energy Co. (now Alpha Appalachia Holdings, Inc.) since May 3, 2005 and was responsible for acquiring over 1.5 billion tons of Appalachian coal reserves and numerous mining complexes. He held similar positions at Arch Mineral Corporation (now Arch Coal) and Zeigler Coal Holding Company, respectively. Mr. Bauersachs joined Massey Energy Co., as Director of Acquisitions in 1998 and has held primary responsibility for expanding its coal reserves. He served as General Manager of Land and Development for Phoenix Land Company from January 1996 to April 1996 and a Manager of its Property Development from August 1994 to December 1995. He also served as President of Phoenix Land Company, a subsidiary of Zeigler Coal Holding Co. since May 1996. Prior to joining Zeigler Coal Holding Co., he served as Vice President of Real Estate for Ark Land Company, a subsidiary of Arch Mineral Corporation. Since 1993 and prior thereto, he held various real estate positions within Ark Land Company. From 2010 to 2011, Mr. Bauersachs worked at Trinity Coal as Executive Vice President of Business Development & Land. From 1998 to 2010, he worked at Massey Energy Company. He has been a Director at Ramaco Resources, Inc. since August 2015. He is a founding member at Ramaco, LLC and Director since 2011. Mr. Bauersachs holds a B.S. degree from Illinois College and received his Masters of Business Administration degree from Southern Illinois University at Edwardsville in 1990.

CEO Compensation
  • Michael's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Michael's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ramaco Resources management team in years:

1.7
Average Tenure
53
Average Age
  • The average tenure for the Ramaco Resources management team is less than 2 years, this suggests a new team.
Management Team

Michael Bauersachs

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
4.6 yrs

Christopher Blanchard

TITLE
Senior VP & COO
COMPENSATION
$1M
AGE
44
TENURE
2.2 yrs

Jeremy Sussman

TITLE
Chief Financial Officer
TENURE
0.8 yrs

John Marcum

TITLE
Chief Accounting Officer & Controller
AGE
55
TENURE
0.7 yrs

Michael Windisch

TITLE
Consultant
AGE
43
TENURE
0.7 yrs

Mark Clemens

TITLE
Executive VP & Chief Commercial Officer
COMPENSATION
$937K
AGE
52
TENURE
4.2 yrs

Marc Solochek

TITLE
Consultant
AGE
73
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Ramaco Resources board of directors in years:

3.3
Average Tenure
64.5
Average Age
  • The tenure for the Ramaco Resources board of directors is about average.
Board of Directors

Randall Atkins

TITLE
Founder & Executive Chairman
COMPENSATION
$2M
AGE
66
TENURE
4.6 yrs

Michael Bauersachs

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
4.6 yrs

Rick Whiting

TITLE
Independent Director
COMPENSATION
$195K
AGE
64
TENURE
3.3 yrs

Pat Graney

TITLE
Independent Director
COMPENSATION
$195K
AGE
65
TENURE
3.3 yrs

Bryan Lawrence

TITLE
Non-Independent Director
AGE
77
TENURE
3.3 yrs

Tyler Reeder

TITLE
Non-Independent Director
AGE
45
TENURE
3.3 yrs

Trent Kososki

TITLE
Director
AGE
37
TENURE
1.2 yrs

Bruce Cryder

TITLE
Independent Director
COMPENSATION
$195K
AGE
73
TENURE
2.7 yrs

Charles Christian

TITLE
Independent Director
AGE
67
TENURE
0.7 yrs

Peter Leidel

TITLE
Director
AGE
63
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Aug 19 Buy Jeremy Sussman Individual 23. Aug 19 23. Aug 19 6,250 $4.00 $24,998
26. Aug 19 Buy Michael Bauersachs Individual 23. Aug 19 23. Aug 19 14,865 $4.15 $61,731
23. Aug 19 Buy Michael Bauersachs Individual 21. Aug 19 21. Aug 19 3,135 $4.00 $12,540
22. Aug 19 Buy Michael Bauersachs Individual 21. Aug 19 21. Aug 19 31,377 $3.96 $124,096
20. Aug 19 Buy Randall Atkins Individual 16. Aug 19 16. Aug 19 10,000 $3.88 $38,668
20. Aug 19 Buy Patrick Graney Individual 16. Aug 19 16. Aug 19 46,000 $3.57 $164,436
X
Management checks
We assess Ramaco Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ramaco Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

METC News

Simply Wall St News

Want To Invest In Ramaco Resources, Inc. (NASDAQ:METC) Today? Read This First

Ramaco Resources is available at a price-to-earnings ratio of 6.35x, showing us it is undervalued relative to the current US market average of 17.32x , and undervalued based on its latest annual earnings update compared to the Metals and Mining average of 12.37x. … But, since Ramaco Resources is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … A PE ratio of 6.35x and expected year-on-year earnings growth of 15% give Ramaco Resources an extremely low PEG ratio of 0.42x.

Simply Wall St -

Independent Director Patrick Graney Just Bought Shares In Ramaco Resources, Inc. (NASDAQ:METC)

Check out our latest analysis for Ramaco Resources The Last 12 Months Of Insider Transactions At Ramaco Resources In fact, the recent purchase by Patrick Graney was the biggest purchase of Ramaco Resources shares made by an insider individual in the last twelve months, according to our records. … NasdaqGS:METC Recent Insider Trading, August 22nd 2019 Does Ramaco Resources Boast High Insider Ownership? … When combined with notable insider ownership, these factors suggest Ramaco Resources insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

A Sliding Share Price Has Us Looking At Ramaco Resources, Inc.'s (NASDAQ:METC) P/E Ratio

Check out our latest analysis for Ramaco Resources How Does Ramaco Resources's P/E Ratio Compare To Its Peers? … The Verdict On Ramaco Resources's P/E Ratio Ramaco Resources trades on a P/E ratio of 4.9, which is below the US market average of 17.1. … What can be absolutely certain is that the market has become more pessimistic about Ramaco Resources over the last month, with the P/E ratio falling from 7.8 back then to 4.9 today.

Simply Wall St -

Why Ramaco Resources, Inc. (NASDAQ:METC) Looks Like A Quality Company

Our data shows Ramaco Resources has a return on equity of 18% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Ramaco Resources: 18% = US$27m ÷ US$149m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Ramaco Resources, Inc. (NASDAQ:METC): What Does Its Beta Value Mean For Your Portfolio?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Given that it has a beta of 1.1, we can surmise that the Ramaco Resources share price has been fairly sensitive to market volatility (over the last 5 years). … What this means for you: Since Ramaco Resources has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Is Ramaco Resources (NASDAQ:METC) A Risky Investment?

NasdaqGS:METC Historical Debt, July 4th 2019 How Healthy Is Ramaco Resources's Balance Sheet? … Since Ramaco Resources does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … While debt does have its upside in higher potential returns, we think shareholders should definitely consider how debt levels might make the stock more risky.

Simply Wall St -

The Ramaco Resources (NASDAQ:METC) Share Price Is Down 28% So Some Shareholders Are Getting Worried

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Ramaco Resources managed to increase earnings per share from a loss to a profit, over the last 12 months. … Ramaco Resources managed to grow revenue over the last year, which is usually a real positive.

Simply Wall St -

A Close Look At Ramaco Resources, Inc.’s (NASDAQ:METC) 15% ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Ramaco Resources: 0.15 = US$27m ÷ (US$207m - US$30m) (Based on the trailing twelve months to March 2019.) Therefore, Ramaco Resources has an ROCE of 15%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … What We Can Learn From Ramaco Resources's ROCE This is good to see, and with a sound ROCE, Ramaco Resources could be worth a closer look.

Simply Wall St -

Is Ramaco Resources, Inc.'s (NASDAQ:METC) ROE Of 18% Impressive?

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.18. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholder Owns Most Ramaco Resources, Inc. (NASDAQ:METC) Stock?

If you want to know who really controls Ramaco Resources, Inc. … With a market capitalization of US$229m, Ramaco Resources is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Ramaco Resources

Simply Wall St -

METC Company Info

Description

Ramaco Resources, Inc. produces and sells metallurgical coal The company’s development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 61,343 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,567 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.

Details
Name: Ramaco Resources, Inc.
METC
Exchange: NasdaqGS
Founded: 2015
$95,413,907
40,950,175
Website: http://www.ramacoresources.com
Address: Ramaco Resources, Inc.
250 West Main Street,
Suite 1800,
Lexington,
Kentucky, 40507,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS METC Common Stock Nasdaq Global Select US USD 03. Feb 2017
DB 5R0 Common Stock Deutsche Boerse AG DE EUR 03. Feb 2017
Number of employees
Current staff
Staff numbers
395
Ramaco Resources employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 03:58
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.