Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Treated as a loss-making company. None of the usual models had enough data, so this uses Net asset value, Discounted cash flow, EV/EBITDA comparison, Price to FFO, and P/E comparison instead.
ACCE opinionRamaco Resources Inc. Class B Common Stock (METCB)
Fair value
Not available
ACCE price target
$4.20
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $3.85 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net asset value, Discounted cash flow, EV/EBITDA comparison, Price to FFO, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
15
out of 100
P/E
0.0x
forward 5.7x
1-year return
-74.1%
Dividend yield
0.00%
Ramaco Resources Inc. Class B Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Ramaco Resources mines and sells metallurgical coal from its Appalachian operations, including the Elk Creek complex in Kentucky, and sells the bulk of it into steelmaking supply chains. The Class B shares carry limited voting rights and are a thinly traded line on the same underlying business. Revenue fell 5.3% over the last reported period, operating margin is negative at -12.6%, and gross margin of 14.3% leaves little cushion against coking coal price swings. At a forward P/E of 5.7 the market is pricing a cyclical recovery in steel demand and coal pricing that the trailing numbers do not yet show, so the case rests on that turn arriving. The score of 23/100 and absence from any index reflect weak fundamentals and limited liquidity, and this only merits a deeper look if we have a view on met coal pricing over the next two to three years.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Operating losses and cash burn
Operating margin is -12.6%, ROE is -17.1%, and free cash flow is -$60.8M against a $273M market cap. The business is consuming cash, not generating it.
high
Earnings collapse year over year
Earnings fell 89.0% YoY while revenue dropped 5.3%. Net margin is -12.0%, so the decline is coming from costs as well as sales.
moderate
Leverage against negative cash flow
Debt/Equity is 0.97 with negative free cash flow of -$60.8M, so debt service has to be funded from outside the operations.
AI research notes
AI-assisted·How I use AIWritten Oct 13, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue has averaged growth of 26.0% per year over five years, showing the business has expanded substantially over time.
The stock trades at $4.29, well below the sector median forward P/E of 17.6x, which may appeal to value-minded investors.
The dividend yield stands at 13.7%, offering a large cash income to shareholders while they wait for a recovery.
Why it could disappoint
Free cash flow over the last twelve months was negative at -$61M, meaning the business consumed more cash than it generated.
Revenue fell 5.3% year over year, and the company posted a net margin of -12.0%, so recent results are moving the wrong way.
Diluted share count rose 11.6% last fiscal year, diluting existing shareholders and making the dividend harder to sustain.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 26, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where METCB's valuation models land
Price
$3.85
Model fair valueConfidence: low
about $7.26
Model
Fair value
Upside
Net asset value
Discounted cash flow
EV/EBITDA comparison
Price to FFO
P/E comparison
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
+Score history: how each score moved over time
Analysts
Wall Street consensus
No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
+Price-target low / average / high vs the current price, with implied upside
+Forward revenue and EPS consensus by fiscal year
+ACCE fair-value models lined up against the Street
Smart Money
PRO
In one line
Trades are only made public after a delay. We show the delay so you know how old the news is.