RAYA Chart
About

Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products in China, Australia, Poland, the United Kingdom, Germany, and internationally. The company offers sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Its products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. The company was incorporated in 2019 and is based in Wenzhou, the People's Republic of China.

Fundamentals
Scroll to Statements
Sector Industrials Industry Electrical Equipment & P Market Cap 781.97K
Enterprise Value 13.26M Income -574.09K Sales 27.10M
Book/sh 114.80 Cash/sh 0.77 Dividend Yield —
Payout 0.00% Employees 360 IPO —
P/E 0.25 Forward P/E — PEG —
P/S 0.03 P/B 0.01 P/C —
EV/EBITDA -43.76 EV/Sales 0.49 Quick Ratio 0.82
Current Ratio 2.14 Debt/Eq 50.12 LT Debt/Eq —
EPS (ttm) 3.52 EPS next Y — EPS Growth —
Revenue Growth -26.80% Earnings — ROA -1.09%
ROE -2.16% ROIC — Gross Margin 15.82%
Oper. Margin -7.22% Profit Margin -2.12% Shs Outstand 857.80K
Shs Float 207.59K Short Float 5.74% Short Ratio 0.02
Short Interest — 52W High 737.00 52W Low 0.75
Beta 0.36 Avg Volume 995.86K Volume 54.77K
Target Price — Recom None Prev Close $0.91
Price $0.87 Change -4.38%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.87
Latest analyst target
3. DCF / Fair value
$-258.88
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.87
Low
—
High
—
Mean
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Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-4.67K-4.26K3.55K84.70
TaxRateForCalcs0.060.140.110.08
NormalizedEBITDA172.93K2.84M5.18M4.91M
TotalUnusualItems-83.24K-31.14K31.75K1.04K
TotalUnusualItemsExcludingGoodwill-83.24K-31.14K31.75K1.04K
NetIncomeFromContinuingOperationNetMinorityInterest-1.12M1.22M3.48M3.39M
ReconciledDepreciation1.12M902.69K793.59K761.48K
ReconciledCostOfRevenue25.31M14.51M19.56M12.20M
EBITDA89.69K2.81M5.21M4.91M
EBIT-1.03M1.90M4.41M4.15M
NetInterestIncome-122.98K-404.00K-484.49K-429.55K
InterestExpense150.16K490.78K499.75K451.69K
InterestIncome10.72K88.11K26.66K34.04K
NormalizedIncome-1.04M1.25M3.45M3.39M
NetIncomeFromContinuingAndDiscontinuedOperation-1.12M1.22M3.48M3.39M
TotalExpenses31.41M18.48M22.65M14.97M
RentExpenseSupplemental287.75K83.08K58.47K70.18K
TotalOperatingIncomeAsReported-1.57M746.77K4.07M3.49M
DilutedAverageShares54.55K41.58K54.55K
BasicAverageShares54.55K41.58K54.55K
DilutedEPS22.0083.5962.24
BasicEPS22.0083.6062.24
DilutedNIAvailtoComStockholders-1.12M1.22M3.48M3.39M
NetIncomeCommonStockholders-1.12M1.22M3.48M3.39M
NetIncome-1.12M1.22M3.48M3.39M
NetIncomeIncludingNoncontrollingInterests-1.12M1.22M3.48M3.39M
NetIncomeContinuousOperations-1.12M1.22M3.48M3.39M
TaxProvision-66.34K193.25K437.77K301.92K
PretaxIncome-1.18M1.41M3.91M3.70M
OtherIncomeExpense49.27K-29.06K135.64K468.04K
OtherNonOperatingIncomeExpenses132.50K2.08K103.89K467.00K
SpecialIncomeCharges-224.53K-36.97K0.00-2.65K
WriteOff224.53K36.97K0.002.65K
GainOnSaleOfSecurity141.30K5.83K31.75K3.69K
NetNonOperatingInterestIncomeExpense-122.98K-404.00K-484.49K-429.55K
TotalOtherFinanceCost-16.46K1.32K11.40K11.91K
InterestExpenseNonOperating150.16K490.78K499.75K451.69K
InterestIncomeNonOperating10.72K88.11K26.66K34.04K
OperatingIncome-1.11M1.85M4.26M3.66M
OperatingExpense5.10M3.18M2.36M2.06M
OtherOperatingExpenses175.87K-979.65K-225.67K-122.47K
OtherTaxes17.66K76.65K80.59K82.05K
DepreciationAmortizationDepletionIncomeStatement125.39K116.45K60.70K55.04K
DepreciationAndAmortizationInIncomeStatement125.39K116.45K60.70K55.04K
ResearchAndDevelopment1.67M1.18M932.27K986.88K
SellingGeneralAndAdministration3.11M2.79M1.51M1.06M
SellingAndMarketingExpense676.23K722.53K571.60K397.49K
GeneralAndAdministrativeExpense2.44M2.06M936.72K662.34K
OtherGandA924.41K1.23M411.01K149.53K
InsuranceAndClaims29.51K25.62K13.16K19.51K
RentAndLandingFees287.75K83.08K58.47K70.18K
SalariesAndWages1.19M729.89K454.08K423.12K
GrossProfit3.99M5.02M6.62M5.72M
CostOfRevenue26.31M15.30M20.29M12.91M
TotalRevenue30.30M20.32M26.91M18.63M
OperatingRevenue30.30M20.32M26.91M18.63M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber229.95K56.59K56.59K54.55K
ShareIssued229.95K56.59K56.59K54.55K
NetDebt4.60M3.76M5.29M
TotalDebt5.13M2.17M10.79M10.46M
TangibleBookValue26.52M20.17M19.34M6.88M
InvestedCapital31.72M22.37M30.14M17.36M
WorkingCapital17.56M8.89M10.19M1.63M
NetTangibleAssets26.52M20.17M19.34M6.88M
CommonStockEquity26.59M20.20M19.34M6.89M
TotalCapitalization30.50M22.07M19.56M11.60M
TotalEquityGrossMinorityInterest26.59M20.20M19.34M6.89M
StockholdersEquity26.59M20.20M19.34M6.89M
GainsLossesNotAffectingRetainedEarnings-121.79K368.55K532.97K795.62K
OtherEquityAdjustments-121.79K368.55K532.97K795.62K
RetainedEarnings8.06M9.19M8.16M5.04M
AdditionalPaidInCapital18.64M10.65M10.65M1.06M
CapitalStock5.06K1.20K1.20K900.00
CommonStock5.06K1.20K1.20K900.00
TotalLiabilitiesNetMinorityInterest19.45M15.08M18.26M16.58M
TotalNonCurrentLiabilitiesNetMinorityInterest3.91M1.87M217.52K4.71M
LongTermDebtAndCapitalLeaseObligation3.91M1.87M217.52K4.71M
LongTermDebt3.91M1.87M217.52K4.71M
CurrentLiabilities15.53M13.21M18.04M11.87M
OtherCurrentLiabilities-1.00
CurrentDeferredLiabilities628.07K357.38K711.01K542.01K
CurrentDeferredRevenue628.07K357.38K711.01K542.01K
CurrentDebtAndCapitalLeaseObligation1.22M295.81K10.58M5.76M
CurrentDebt1.22M295.81K10.58M5.76M
OtherCurrentBorrowings161.53K225.38K5.80M1.68M
LineOfCredit1.06M70.42K4.78M4.08M
CurrentNotesPayable0.00
PayablesAndAccruedExpenses13.69M12.56M6.76M5.57M
CurrentAccruedExpenses822.01K3.52M790.61K626.45K
Payables12.87M9.04M5.97M4.94M
DuetoRelatedPartiesCurrent3.51M2.28M391.15K158.20K
TotalTaxPayable1.02M1.07M844.92K633.92K
AccountsPayable8.34M5.69M4.73M4.15M
TotalAssets46.03M35.29M37.61M23.47M
TotalNonCurrentAssets12.94M13.19M9.37M9.98M
NonCurrentPrepaidAssets3.75M3.86M0.00
NonCurrentDeferredAssets100.99K32.53K33.49K36.25K
NonCurrentDeferredTaxesAssets100.99K32.53K33.49K36.25K
InvestmentsAndAdvances411.00K0.00
LongTermEquityInvestment411.00K0.00
GoodwillAndOtherIntangibleAssets61.97K31.85K8.81K11.09K
OtherIntangibleAssets61.97K31.85K8.81K11.09K
NetPPE8.62M9.26M9.33M9.93M
AccumulatedDepreciation-1.72M-1.34M-983.95K-781.59K
GrossPPE10.34M10.60M10.31M10.71M
Leases200.80K0.00
ConstructionInProgress216.47K21.62K0.000.00
OtherProperties6.60M7.46M7.75M8.91M
MachineryFurnitureEquipment2.77M2.62M2.06M1.50M
BuildingsAndImprovements754.32K500.35K501.02K294.47K
Properties0.000.000.000.00
CurrentAssets33.09M22.10M28.24M13.49M
RestrictedCash792.20K1.06K34.73K0.00
PrepaidAssets9.44M2.75M4.72M2.61M
Inventory8.84M7.06M6.23M3.90M
InventoriesAdjustmentsAllowances-383.55K-94.42K-13.40K-47.94K
FinishedGoods611.02K546.21K1.30M948.04K
WorkInProcess1.49M917.00K642.24K828.00K
RawMaterials7.12M5.69M4.30M2.17M
Receivables13.49M6.42M10.22M1.81M
OtherReceivables139.50K162.56K95.01K55.25K
LoansReceivable0.00168.18K0.00
AccountsReceivable13.35M6.25M9.96M1.75M
AllowanceForDoubtfulAccountsReceivable-259.56K-39.28K-2.48K-2.68K
GrossAccountsReceivable13.61M6.29M9.96M1.76M
CashCashEquivalentsAndShortTermInvestments532.61K5.88M7.03M5.17M
CashAndCashEquivalents532.61K5.88M7.03M5.17M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-16.43M6.02M-4.85M4.40M
RepaymentOfDebt-2.09M-19.31M-8.46M-11.47M
IssuanceOfDebt5.16M10.97M9.62M8.93M
IssuanceOfCapitalStock8.00M0.0010.08M0.00
CapitalExpenditure-554.89K-709.90K-694.81K-244.17K
InterestPaidSupplementalData148.34K410.92K831.75K365.75K
IncomeTaxPaidSupplementalData178.69K0.00123.61K99.69K
EndCashPosition1.32M5.88M7.07M5.17M
BeginningCashPosition5.88M7.07M5.17M4.06M
EffectOfExchangeRateChanges-86.28K-103.04K-380.01K109.45K
ChangesInCash-4.47M-1.09M2.27M1.00M
FinancingCashFlow12.38M-6.44M11.32M-3.40M
CashFlowFromContinuingFinancingActivities12.38M-6.44M11.32M-3.40M
NetOtherFinancingCharges1.32M1.90M85.13K-861.52K
NetCommonStockIssuance8.00M0.0010.08M0.00
CommonStockIssuance8.00M0.0010.08M0.00
NetIssuancePaymentsOfDebt3.07M-8.34M1.15M-2.53M
NetShortTermDebtIssuance1.00M-6.00M931.55K-7.18M
ShortTermDebtPayments-309.03K-10.23M-7.45M-11.47M
ShortTermDebtIssuance1.31M4.24M8.38M4.28M
NetLongTermDebtIssuance2.06M-2.35M222.96K4.65M
LongTermDebtPayments-1.78M-9.08M-1.01M0.00
LongTermDebtIssuance3.85M6.73M1.24M4.65M
InvestingCashFlow-971.81K-1.38M-4.90M-244.17K
CashFlowFromContinuingInvestingActivities-971.81K-1.38M-4.90M-244.17K
NetOtherInvestingChanges3.20M-4.20M
NetInvestmentPurchaseAndSale-416.92K-3.87M0.00
PurchaseOfInvestment-416.92K-3.87M0.00
NetIntangiblesPurchaseAndSale-37.08K-25.69K0.00-155.00
PurchaseOfIntangibles-37.08K-25.69K0.00-155.00
NetPPEPurchaseAndSale-517.81K-684.21K-694.81K-244.02K
PurchaseOfPPE-517.81K-684.21K-694.81K-244.02K
OperatingCashFlow-15.88M6.73M-4.15M4.64M
CashFlowFromContinuingOperatingActivities-15.88M6.73M-4.15M4.64M
ChangeInWorkingCapital-16.44M4.47M-8.42M397.19K
ChangeInOtherWorkingCapital284.37K-334.23K215.48K-276.45K
ChangeInOtherCurrentLiabilities0.00
ChangeInPayablesAndAccruedExpense130.09K3.69M1.09M964.64K
ChangeInAccruedExpense-2.50M2.36M164.30K356.06K
ChangeInPayable2.63M1.33M926.78K608.58K
ChangeInAccountPayable2.64M1.09M661.08K803.61K
ChangeInTaxPayable-16.27K246.43K265.70K-195.03K
ChangeInIncomeTaxPayable-16.27K246.43K265.70K-195.03K
ChangeInPrepaidAssets-6.95M-1.28M1.70M-1.60M
ChangeInInventory-2.30M-1.09M-2.66M-2.20M
ChangeInReceivables-7.61M3.48M-8.76M3.51M
ChangesInAccountReceivables-7.59M3.40M-8.55M3.38M
OtherNonCashItems17.76K27.12K70.19K
ProvisionandWriteOffofAssets632.32K118.59K-31.67K50.01K
AssetImpairmentCharge0.002.65K
DeferredTax-70.35K0.000.00-30.63K
DeferredIncomeTax-70.35K0.000.00-30.63K
DepreciationAmortizationDepletion1.12M902.69K793.59K761.48K
DepreciationAndAmortization1.12M902.69K793.59K761.48K
Depreciation1.12M902.69K793.59K761.48K
NetIncomeFromContinuingOperations-1.12M1.22M3.48M3.39M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for RAYA
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