Ryde Group Ltd. (RYDE) intrinsic value & 10-year financials
Ryde Group Ltd. (RYDE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 19.2% a year to SGD 12.5M, with an average return on invested capital of 347.0%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- SGD 12.5M
- Revenue growth (6-yr CAGR)
- 19.2%
- ROIC (10-yr avg)
- 347.0%
- Free cash flow (FY2025)
- -SGD 23.5M
RYDE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | SGD 12.5M | -SGD 17.4M | -SGD 0.40 | -SGD 23.5M | -50.1% | — |
| FY2024 | SGD 8.9M | -SGD 18.7M | -SGD 0.87 | -SGD 11.8M | -93.1% | 486.6% |
| FY2023 | SGD 8.7M | -SGD 12.8M | -SGD 1.00 | -SGD 1.6M | -60.5% | 207.3% |
| FY2022 | SGD 8.8M | -SGD 4.9M | -SGD 0.42 | -SGD 3.9M | -56.2% | — |
| FY2021 | SGD 6.2M | -SGD 1.2M | -SGD 0.11 | -SGD 138.0K | — | — |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in SGD.
Executive summary
Ryde Group Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Ryde Group Ltd has historically struggled to out-earn its cost of capital, averaging just 3.5% ROIC.
Ryde Group Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ryde Group Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-13.29 per share.