Raytech Holding Limited

RAY

Furnishings, Fixtures & Appliances · Consumer Cyclical

Price

$3.19

+0.75 (+30.74%)

Market Cap

$8.7M

Exchange

NASDAQ

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Jul 25, 2026 · filings through Sep 30, 2025

Share count falling — buybacks

−1.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.8M (2021) → 2.7M (2025)

Raytech Holding Limited is a manufacturer of household appliances and consumer products based in China. The company makes items like electric fans, heaters, and other home appliances that are sold to everyday consumers. It operates in the broader home appliance industry, competing alongside many other Chinese manufacturers in a crowded market.

Raytech earns money primarily through product sales, selling its appliances through retail channels and potentially to wholesale distributors. The company is relatively small, with most of its operations concentrated in China, though it may also export to other markets. Its gross margin of around 25% is modest, reflecting the competitive and cost-sensitive nature of the consumer appliance space. The main risk the company faces is intense price competition from larger, better-known appliance brands, which can squeeze margins and make it difficult to grow market share without significant investment in product development or brand recognition.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-13.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-4.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

49.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$122M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Raytech Holding Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

26.3%

Modest — 26.3% gross margin

Operating Margin

12.5%

Healthy — 12.5% operating margin

ROCE

4.0%

Weak — 4.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

-5.6%

Shrinking sales (-5.6% YoY)

EPS YoY

-6.4%

Earnings shrinking (-6.4% YoY)

Slight earnings drop. Typical near a cyclical low.

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

62%

Modest — 62% of profit becomes cash

FCF Margin

7.0%

Modest free cash flow (7.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

N/A

Data not available

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

1.1x

Attractive valuation — P/E 1.1

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial