Raytech Holding Limited Ordinary Shares (RAY) 10-Year Financial Performance & Capital Metrics

RAY • • Industrial / General

Consumer DefensiveHousehold ProductsSpecialty Tools & AccessoriesPersonal Care Tools

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) 0.48 -22.6%
Gross Margin 22.62% +1.6%
EBITDA Margin 9.72% -42.7%
Operating Margin 9.71% -42.7%
Net Margin 10.5% -29.2%
ROE 15.31% -74.0%
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 116.1%
✓Healthy 5Y average net margin of 15.5%
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 6 (bottom 6%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y20.41%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-4.32%

TTM-

EPS CAGR

10Y-

5Y-

3Y-3.85%

TTM-

ROCE

10Y Avg197.59%

5Y Avg197.59%

3Y Avg55.68%

Latest14.16%

Peer Comparison

Personal Care Tools

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPBSpectrum Brands Holdings, Inc.	1.48B	63.47	16.44	-5.23%	3.56%	5.23%	11.18%	0.34
RAYRaytech Holding Limited Ordinary Shares	9.11M	3.06	6.38	17.57%	12.49%	23.65%	68.31%
HELEHelen of Troy Limited	450.6M	19.53	3.64	-4.86%	-43.98%	-92.99%	18.45%	0.57
NWLNewell Brands Inc.	1.79B	4.28	-8.23	-6.77%	-0.33%	-0.89%	13.21%	1.86

Profit & Loss

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	31.86M	45.11M	45.52M	66.97M	78.74M
Revenue Growth %	-	0.42%	0.01%	0.47%	0.18%
Cost of Goods Sold+	23.95M	4.24M	4.36M	52.07M	60.93M
COGS % of Revenue	0.75%	0.09%	0.1%	0.78%	0.77%
Gross Profit+	7.91M	1.55M	1.45M	14.9M	17.81M
Gross Margin %	0.25%	0.03%	0.03%	0.22%	0.23%
Gross Profit Growth %	-	-0.8%	-0.07%	9.29%	0.19%
Operating Expenses+	1.19M	1.38M	4.28M	3.55M	10.16M
OpEx % of Revenue	0.04%	0.03%	0.09%	0.05%	0.13%
Selling, General & Admin	1.17M	1.34M	4.16M	3.46M	10.16M
SG&A % of Revenue	0.04%	0.03%	0.09%	0.05%	0.13%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	12.18K	37.53K	116.5K	90.34K	0
Operating Income+	6.72M	10.72M	7.19M	11.36M	7.65M
Operating Margin %	0.21%	0.24%	0.16%	0.17%	0.1%
Operating Income Growth %	-	0.6%	-0.33%	0.58%	-0.33%
EBITDA+	6.73M	10.73M	7.21M	11.36M	7.65M
EBITDA Margin %	0.21%	0.24%	0.16%	0.17%	0.1%
EBITDA Growth %	-	0.59%	-0.33%	0.58%	-0.33%
D&A (Non-Cash Add-back)	12.18K	4.82K	14.86K	4.87K	4.87K
EBIT	6.72M	10.72M	7.19M	11.36M	10.52M
Net Interest Income+	1.3K	-1.35K	136.2K	1.41M	3.16M
Interest Income	1.3K	327	143.35K	1.42M	3.16M
Interest Expense	0	1.68K	7.15K	2.03K	0
Other Income/Expense	2.65K	455.94K	279.65K	1.39M	2.88M
Pretax Income+	6.72M	11.18M	7.47M	12.75M	10.52M
Pretax Margin %	0.21%	0.25%	0.16%	0.19%	0.13%
Income Tax+	1.1M	1.74M	1.18M	2.82M	2.26M
Effective Tax Rate %	0.84%	0.84%	0.84%	0.78%	0.79%
Net Income+	5.62M	9.44M	6.29M	9.94M	8.27M
Net Margin %	0.18%	0.21%	0.14%	0.15%	0.11%
Net Income Growth %	-	0.68%	-0.33%	0.58%	-0.17%
Net Income (Continuing)	5.62M	9.44M	6.29M	9.94M	8.27M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	0.32	0.54	0.36	0.62	0.48
EPS Growth %	-	0.69%	-0.33%	0.72%	-0.23%
EPS (Basic)	0.32	0.54	0.36	0.62	0.48
Diluted Shares Outstanding	17.5M	17.5M	17.5M	16M	17.18M
Basic Shares Outstanding	17.5M	17.5M	17.5M	16M	17.18M
Dividend Payout Ratio	-	0.17%	-	-	-

Balance Sheet

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	11.78M	20.65M	29.75M	52.84M	94.87M
Cash & Short-Term Investments	3.42M	12.29M	21.36M	35.89M	84.85M
Cash Only	3.42M	12.29M	21.36M	35.89M	84.85M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	1.77M	5.83M	8.29M	15.1M	8.14M
Days Sales Outstanding	20.24	47.16	66.5	82.28	37.75
Inventory	1.95M	0	0	1.86M	1.88M
Days Inventory Outstanding	29.68	-	-	13.01	11.26
Other Current Assets	4.65M	2.44M	0	0	0
Total Non-Current Assets+	39.33K	30.11K	420.56K	5.27M	16.2K
Property, Plant & Equipment	27.52K	26.41K	11.51K	0	0
Fixed Asset Turnover	1157.43x	1707.85x	3955.36x	-	-
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	11.8K	0	0	0	0
Other Non-Current Assets	0	3.7K	409.06K	5.27M	16.2K
Total Assets+	11.82M	2.67M	4.21M	58.11M	94.89M
Asset Turnover	2.69x	16.92x	10.81x	1.15x	0.83x
Asset Growth %	-	-0.77%	0.58%	12.8%	0.63%
Total Current Liabilities+	4.86M	5.95M	11.91M	27.04M	17.93M
Accounts Payable	3.7M	4.87M	9.5M	25.01M	466.33K
Days Payables Outstanding	56.42	418.63	795.96	175.33	2.79
Short-Term Debt	0	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	0	501.8K
Other Current Liabilities	1.11M	0	0	1.39M	11.32K
Current Ratio	2.43x	3.47x	2.50x	1.95x	5.29x
Quick Ratio	2.02x	3.47x	2.50x	1.89x	5.19x
Cash Conversion Cycle	-6.5	-	-	-80.04	46.22
Total Non-Current Liabilities+	0	11.23K	0	0	0
Long-Term Debt	0	0	0	0	0
Capital Lease Obligations	0	87.97K	0	0	0
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	0	-76.74K	0	0	0
Total Liabilities	4.86M	770.67K	1.52M	27.04M	17.93M
Total Debt+	0	188.82K	87.97K	0	0
Net Debt	-3.42M	-12.1M	-21.27M	-35.89M	-84.85M
Debt / Equity	-	0.10x	0.03x	-	-
Debt / EBITDA	-	0.02x	0.01x	-	-
Net Debt / EBITDA	-0.51x	-1.13x	-2.95x	-3.16x	-11.09x
Interest Coverage	-	6398.83x	1006.05x	5601.33x	-
Total Equity+	6.96M	1.9M	2.69M	31.08M	76.96M
Equity Growth %	-	-0.73%	0.42%	10.54%	1.48%
Book Value per Share	0.40	0.11	0.15	1.94	4.48
Total Shareholders' Equity	6.96M	14.85M	21.14M	31.08M	76.96M
Common Stock	783	783	783	783	862
Retained Earnings	6.86M	14.75M	21.04M	30.98M	39.24M
Treasury Stock	0	0	0	0	0
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	6.7M	8.23M	10.96M	15.75M	6.22M
Operating CF Margin %	0.21%	0.18%	0.24%	0.24%	0.08%
Operating CF Growth %	-	0.23%	0.33%	0.44%	-0.61%
Net Income	5.62M	9.44M	6.29M	9.94M	8.27M
Depreciation & Amortization	12.18K	37.53K	116.5K	90.34K	0
Stock-Based Compensation	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	3.07M	-452	178.45K	-61.04K	214.99K
Working Capital Changes	-2.02M	-1.25M	4.37M	5.78M	-2.26M
Change in Receivables	-268.91K	-521.62K	-115.8K	-991.14K	6.34M
Change in Inventory	-1.74M	250.22K	0	-237.16K	-26.19K
Change in Payables	0	149.68K	582.19K	1.99M	-9.43M
Cash from Investing+	-4.67M	2.2M	1.44M	846.86K	145.17K
Capital Expenditures	-21.51K	-1.5K	0	0	0
CapEx % of Revenue	0%	0%	-	-	-
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	-4.65M	2.21M	1.44M	846.86K	145.17K
Cash from Financing+	0	-1.56M	-3.18M	-2.08M	42.87M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	-1.56M	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	0	-3.18M	-2.08M	0
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	6.67M	1.06M	1.4M	15.75M	6.22M
FCF Margin %	0.21%	0.02%	0.03%	0.24%	0.08%
FCF Growth %	-	-0.84%	0.32%	10.26%	-0.61%
FCF per Share	0.38	0.06	0.08	0.98	0.36
FCF Conversion (FCF/Net Income)	1.19x	0.87x	1.74x	1.58x	0.75x
Interest Paid	0	0	0	0	0
Taxes Paid	0	2.14M	2.62M	2.7M	1.67M

Key Ratios

Metric	2021	2022	2023	2024	2025
Return on Equity (ROE)	80.77%	213.13%	274.29%	58.85%	15.31%
Return on Invested Capital (ROIC)	142.06%	-	-	-	-
Gross Margin	24.81%	3.44%	3.18%	22.26%	22.62%
Net Margin	17.65%	20.93%	13.82%	14.84%	10.5%
Debt / Equity	-	0.10x	0.03x	-	-
Interest Coverage	-	6398.83x	1006.05x	5601.33x	-
FCF Conversion	1.19x	0.87x	1.74x	1.58x	0.75x
Revenue Growth	-	41.58%	0.91%	47.13%	17.57%

Frequently Asked Questions

Valuation & Price

Raytech Holding Limited Ordinary Shares (RAY) has a price-to-earnings (P/E) ratio of 6.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Raytech Holding Limited Ordinary Shares (RAY) reported $145.7M in revenue for fiscal year 2025. This represents a 357% increase from $31.9M in 2021.

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

Yes, Raytech Holding Limited Ordinary Shares (RAY) is profitable, generating $18.2M in net income for fiscal year 2025 (10.5% net margin).

Dividend & Returns

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

Raytech Holding Limited Ordinary Shares (RAY) generated $22.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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