Symbols / RAYA $3.78 -5.50% Erayak Power Solution Group Inc.

Industrials • Electrical Equipment & Parts • China • NCM
RAYA Chart
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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 also develops inverter generator platforms with integrated UPS to support AI-related energy demand. The company was incorporated in 2019 and is based in Wenzhou, the People's Republic of China.

Fundamentals
Scroll to Statements
Market Cap 3.71M Enterprise Value 13.14M Income -574.09K Sales 27.10M Book/sh 114.80 Cash/sh 7.70
Dividend Yield — Payout 0.00% Employees 360 IPO — P/E 0.11 Forward P/E —
PEG — P/S 0.14 P/B 0.03 P/C — EV/EBITDA -43.36 EV/Sales 0.48
Quick Ratio 0.82 Current Ratio 2.14 Debt/Eq 50.12 LT Debt/Eq — EPS (ttm) 35.25 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 978.47K Shs Float 21.97K Short Float 2.21%
Short Ratio 0.08 Short Interest — 52W High 7370.00 52W Low 3.12 Beta 1.25 Avg Volume 818.78K
Volume 44.41K Target Price — Recom None Prev Close $4.00 Price $3.78 Change -5.50%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$3.78
Latest analyst target
3. DCF / Fair value
$-226.95
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.78
Low
—
High
—
Mean
—
News
RSS: Latest RAYA news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
30.30
+49.10%
20.32
-24.48%
26.91
+44.45%
18.63
Operating Revenue
30.30
+49.10%
20.32
-24.48%
26.91
+44.45%
18.63
Cost Of Revenue
26.31
+71.95%
15.30
-24.59%
20.29
+57.17%
12.91
Reconciled Cost Of Revenue
25.31
+74.40%
14.51
-25.79%
19.56
+60.27%
12.20
Gross Profit
3.99
-20.51%
5.02
-24.12%
6.62
+15.72%
5.72
Operating Expense
5.10
+60.53%
3.18
+34.86%
2.36
+14.31%
2.06
Research And Development
1.67
+41.95%
1.18
+26.25%
0.93
-5.53%
0.99
Selling General And Administration
3.11
+11.63%
2.79
+84.79%
1.51
+42.32%
1.06
Selling And Marketing Expense
0.68
-6.41%
0.72
+26.40%
0.57
+43.80%
0.40
General And Administrative Expense
2.44
+17.94%
2.06
+120.42%
0.94
+41.43%
0.66
Salaries And Wages
1.19
+63.51%
0.73
+60.74%
0.45
+7.32%
0.42
Other Gand A
0.92
-24.61%
1.23
+198.32%
0.41
+174.88%
0.15
Other Operating Expenses
0.18
+117.95%
-0.98
-334.11%
-0.23
-84.27%
-0.12
Total Expenses
31.41
+69.98%
18.48
-18.41%
22.65
+51.27%
14.97
Operating Income
-1.11
-160.09%
1.85
-56.72%
4.26
+16.52%
3.66
Total Operating Income As Reported
-1.57
-309.58%
0.75
-81.65%
4.07
+16.72%
3.49
EBITDA
0.09
-96.80%
2.81
-46.12%
5.21
+6.06%
4.91
Normalized EBITDA
0.17
-93.90%
2.84
-45.19%
5.18
+5.43%
4.91
Reconciled Depreciation
1.12
+24.28%
0.90
+13.75%
0.79
+4.22%
0.76
EBIT
-1.03
-154.25%
1.90
-56.89%
4.41
+6.39%
4.15
Total Unusual Items
-0.08
-167.32%
-0.03
-198.08%
0.03
+2961.62%
0.00
Total Unusual Items Excluding Goodwill
-0.08
-167.32%
-0.03
-198.08%
0.03
+2961.62%
0.00
Special Income Charges
-0.22
-507.31%
-0.04
0.00
+100.00%
-0.00
Write Off
0.22
+507.31%
0.04
0.00
-100.00%
0.00
Net Income
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Pretax Income
-1.18
-183.74%
1.41
-63.92%
3.91
+5.87%
3.70
Net Non Operating Interest Income Expense
-0.12
+69.56%
-0.40
+16.61%
-0.48
-12.79%
-0.43
Interest Expense Non Operating
0.15
-69.40%
0.49
-1.79%
0.50
+10.64%
0.45
Net Interest Income
-0.12
+69.56%
-0.40
+16.61%
-0.48
-12.79%
-0.43
Interest Expense
0.15
-69.40%
0.49
-1.79%
0.50
+10.64%
0.45
Interest Income Non Operating
0.01
-87.83%
0.09
+230.52%
0.03
-21.69%
0.03
Interest Income
0.01
-87.83%
0.09
+230.52%
0.03
-21.69%
0.03
Other Income Expense
0.05
+269.55%
-0.03
-121.42%
0.14
-71.02%
0.47
Other Non Operating Income Expenses
0.13
+6264.22%
0.00
-98.00%
0.10
-77.75%
0.47
Gain On Sale Of Security
0.14
+2321.94%
0.01
-81.62%
0.03
+761.34%
0.00
Tax Provision
-0.07
-134.33%
0.19
-55.86%
0.44
+45.00%
0.30
Tax Rate For Calcs
0.00
-59.00%
0.00
+22.36%
0.00
+36.95%
0.00
Tax Effect Of Unusual Items
-0.00
-9.59%
-0.00
-220.00%
0.00
+4092.95%
0.00
Net Income Including Noncontrolling Interests
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Net Income From Continuing Operation Net Minority Interest
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Net Income From Continuing And Discontinued Operation
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Net Income Continuous Operations
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Normalized Income
-1.04
-183.29%
1.25
-63.87%
3.45
+1.59%
3.39
Net Income Common Stockholders
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Diluted EPS
—
22.00
-73.68%
83.59
+34.32%
62.24
Basic EPS
—
22.00
-73.68%
83.60
+34.33%
62.24
Basic Average Shares
—
0.05
+31.18%
0.04
-23.77%
0.05
Diluted Average Shares
—
0.05
+31.18%
0.04
-23.77%
0.05
Diluted NI Availto Com Stockholders
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Depreciation Amortization Depletion Income Statement
0.13
+7.68%
0.12
+91.85%
0.06
+10.28%
0.06
Depreciation And Amortization In Income Statement
0.13
+7.68%
0.12
+91.85%
0.06
+10.28%
0.06
Insurance And Claims
0.03
+15.19%
0.03
+94.60%
0.01
-32.53%
0.02
Other Taxes
0.02
-76.97%
0.08
-4.89%
0.08
-1.78%
0.08
Rent And Landing Fees
0.29
+246.36%
0.08
+42.10%
0.06
-16.69%
0.07
Rent Expense Supplemental
0.29
+246.36%
0.08
+42.10%
0.06
-16.69%
0.07
Total Other Finance Cost
-0.02
-1343.05%
0.00
-88.38%
0.01
-4.28%
0.01
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
46.03
+30.46%
35.29
-6.17%
37.61
+60.22%
23.47
Current Assets
33.09
+49.74%
22.10
-21.74%
28.24
+109.25%
13.49
Cash Cash Equivalents And Short Term Investments
0.53
-90.94%
5.88
-16.43%
7.03
+35.90%
5.17
Cash And Cash Equivalents
0.53
-90.94%
5.88
-16.43%
7.03
+35.90%
5.17
Receivables
13.49
+110.28%
6.42
-37.25%
10.22
+465.16%
1.81
Accounts Receivable
13.35
+113.51%
6.25
-37.23%
9.96
+467.96%
1.75
Gross Accounts Receivable
13.61
+116.31%
6.29
-36.85%
9.96
+467.23%
1.76
Allowance For Doubtful Accounts Receivable
-0.26
-560.78%
-0.04
-1485.15%
-0.00
+7.61%
-0.00
Other Receivables
0.14
-14.18%
0.16
+71.10%
0.10
+71.97%
0.06
Loans Receivable
—
0.00
-100.00%
0.17
0.00
Inventory
8.84
+25.23%
7.06
+13.31%
6.23
+59.59%
3.90
Raw Materials
7.12
+25.16%
5.69
+32.33%
4.30
+97.71%
2.17
Work In Process
1.49
+62.54%
0.92
+42.78%
0.64
-22.44%
0.83
Finished Goods
0.61
+11.87%
0.55
-58.00%
1.30
+37.17%
0.95
Prepaid Assets
9.44
+243.50%
2.75
-41.75%
4.72
+80.84%
2.61
Restricted Cash
0.79
+74495.48%
0.00
-96.94%
0.03
0.00
Total Non Current Assets
12.94
-1.85%
13.19
+40.75%
9.37
-6.08%
9.98
Net PPE
8.62
-7.00%
9.26
-0.68%
9.33
-6.06%
9.93
Gross PPE
10.34
-2.50%
10.60
+2.84%
10.31
-3.73%
10.71
Accumulated Depreciation
-1.72
-28.62%
-1.34
-36.24%
-0.98
-25.89%
-0.78
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
0.75
+50.76%
0.50
-0.13%
0.50
+70.14%
0.29
Machinery Furniture Equipment
2.77
+5.90%
2.62
+27.33%
2.06
+36.61%
1.50
Construction In Progress
0.22
+901.29%
0.02
0.00
0.00
Other Properties
6.60
-11.63%
7.46
-3.74%
7.75
-12.98%
8.91
Leases
—
—
0.20
0.00
Goodwill And Other Intangible Assets
0.06
+94.56%
0.03
+261.39%
0.01
-20.54%
0.01
Other Intangible Assets
0.06
+94.56%
0.03
+261.39%
0.01
-20.54%
0.01
Investments And Advances
0.41
0.00
—
—
Long Term Equity Investment
0.41
0.00
—
—
Non Current Deferred Assets
0.10
+210.43%
0.03
-2.85%
0.03
-7.61%
0.04
Non Current Deferred Taxes Assets
0.10
+210.43%
0.03
-2.85%
0.03
-7.61%
0.04
Non Current Prepaid Assets
3.75
-2.73%
3.86
0.00
—
Total Liabilities Net Minority Interest
19.45
+28.93%
15.08
-17.40%
18.26
+10.17%
16.58
Current Liabilities
15.53
+17.58%
13.21
-26.78%
18.04
+52.03%
11.87
Payables And Accrued Expenses
13.69
+9.00%
12.56
+85.89%
6.76
+21.28%
5.57
Payables
12.87
+42.35%
9.04
+51.52%
5.97
+20.66%
4.94
Accounts Payable
8.34
+46.51%
5.69
+20.30%
4.73
+13.91%
4.15
Current Accrued Expenses
0.82
-76.64%
3.52
+345.18%
0.79
+26.20%
0.63
Total Tax Payable
1.02
-4.24%
1.07
+26.23%
0.84
+33.29%
0.63
Current Debt And Capital Lease Obligation
1.22
+311.54%
0.30
-97.20%
10.58
+83.75%
5.76
Current Debt
1.22
+311.54%
0.30
-97.20%
10.58
+83.75%
5.76
Other Current Borrowings
0.16
-28.33%
0.23
-96.11%
5.80
+245.67%
1.68
Current Deferred Liabilities
0.63
+75.74%
0.36
-49.74%
0.71
+31.18%
0.54
Current Deferred Revenue
0.63
+75.74%
0.36
-49.74%
0.71
+31.18%
0.54
Other Current Liabilities
—
—
-0.00
—
Total Non Current Liabilities Net Minority Interest
3.91
+109.08%
1.87
+760.41%
0.22
-95.38%
4.71
Long Term Debt And Capital Lease Obligation
3.91
+109.08%
1.87
+760.41%
0.22
-95.38%
4.71
Long Term Debt
3.91
+109.08%
1.87
+760.41%
0.22
-95.38%
4.71
Stockholders Equity
26.59
+31.60%
20.20
+4.44%
19.34
+180.58%
6.89
Common Stock Equity
26.59
+31.60%
20.20
+4.44%
19.34
+180.58%
6.89
Capital Stock
0.01
+321.58%
0.00
+0.00%
0.00
+33.33%
0.00
Common Stock
0.01
+321.58%
0.00
+0.00%
0.00
+33.33%
0.00
Share Issued
0.23
+306.34%
0.06
+0.00%
0.06
+3.75%
0.05
Ordinary Shares Number
0.23
+306.34%
0.06
+0.00%
0.06
+3.75%
0.05
Additional Paid In Capital
18.64
+75.12%
10.65
+0.00%
10.65
+903.77%
1.06
Retained Earnings
8.06
-12.26%
9.19
+12.52%
8.16
+62.09%
5.04
Gains Losses Not Affecting Retained Earnings
-0.12
-133.05%
0.37
-30.85%
0.53
-33.01%
0.80
Other Equity Adjustments
-0.12
-133.05%
0.37
-30.85%
0.53
-33.01%
0.80
Total Equity Gross Minority Interest
26.59
+31.60%
20.20
+4.44%
19.34
+180.58%
6.89
Total Capitalization
30.50
+38.17%
22.07
+12.84%
19.56
+68.61%
11.60
Working Capital
17.56
+97.56%
8.89
-12.81%
10.19
+526.98%
1.63
Invested Capital
31.72
+41.78%
22.37
-25.78%
30.14
+73.63%
17.36
Total Debt
5.13
+136.72%
2.17
-79.92%
10.79
+3.16%
10.46
Net Debt
4.60
—
3.76
-28.88%
5.29
Net Tangible Assets
26.52
+31.50%
20.17
+4.32%
19.34
+180.90%
6.88
Tangible Book Value
26.52
+31.50%
20.17
+4.32%
19.34
+180.90%
6.88
Current Notes Payable
—
—
—
0.00
Dueto Related Parties Current
3.51
+53.74%
2.28
+483.70%
0.39
+147.25%
0.16
Inventories Adjustments Allowances
-0.38
-306.22%
-0.09
-604.76%
-0.01
+72.05%
-0.05
Line Of Credit
1.06
+1399.24%
0.07
-98.53%
4.78
+17.14%
4.08
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-15.88
-335.92%
6.73
+262.12%
-4.15
-189.41%
4.64
Cash Flow From Continuing Operating Activities
-15.88
-335.92%
6.73
+262.12%
-4.15
-189.41%
4.64
Net Income From Continuing Operations
-1.12
-191.57%
1.22
-64.94%
3.48
+2.40%
3.39
Depreciation Amortization Depletion
1.12
+24.28%
0.90
+13.75%
0.79
+4.22%
0.76
Depreciation
1.12
+24.28%
0.90
+13.75%
0.79
+4.22%
0.76
Depreciation And Amortization
1.12
+24.28%
0.90
+13.75%
0.79
+4.22%
0.76
Other Non Cash Items
—
0.02
-34.53%
0.03
-61.36%
0.07
Provisionand Write Offof Assets
0.63
+433.19%
0.12
+474.49%
-0.03
-163.33%
0.05
Asset Impairment Charge
—
—
0.00
-100.00%
0.00
Deferred Tax
-0.07
0.00
0.00
+100.00%
-0.03
Deferred Income Tax
-0.07
0.00
0.00
+100.00%
-0.03
Change In Working Capital
-16.44
-467.72%
4.47
+153.14%
-8.42
-2218.92%
0.40
Change In Receivables
-7.61
-318.80%
3.48
+139.71%
-8.76
-349.81%
3.51
Changes In Account Receivables
-7.59
-323.63%
3.40
+139.72%
-8.55
-352.90%
3.38
Change In Inventory
-2.30
-110.56%
-1.09
+58.92%
-2.66
-20.72%
-2.20
Change In Prepaid Assets
-6.95
-444.71%
-1.28
-175.19%
1.70
+206.11%
-1.60
Change In Payables And Accrued Expense
0.13
-96.48%
3.69
+238.46%
1.09
+13.11%
0.96
Change In Accrued Expense
-2.50
-205.80%
2.36
+1337.05%
0.16
-53.86%
0.36
Change In Payable
2.63
+97.35%
1.33
+43.70%
0.93
+52.29%
0.61
Change In Account Payable
2.64
+143.66%
1.09
+64.17%
0.66
-17.74%
0.80
Change In Other Working Capital
0.28
+185.08%
-0.33
-255.11%
0.22
+177.95%
-0.28
Change In Other Current Liabilities
—
—
—
0.00
Investing Cash Flow
-0.97
+29.48%
-1.38
+71.85%
-4.90
-1905.21%
-0.24
Cash Flow From Continuing Investing Activities
-0.97
+29.48%
-1.38
+71.85%
-4.90
-1905.21%
-0.24
Net PPE Purchase And Sale
-0.52
+24.32%
-0.68
+1.53%
-0.69
-184.74%
-0.24
Purchase Of PPE
-0.52
+24.32%
-0.68
+1.53%
-0.69
-184.74%
-0.24
Capital Expenditure
-0.55
+21.83%
-0.71
-2.17%
-0.69
-184.56%
-0.24
Net Investment Purchase And Sale
-0.42
+89.23%
-3.87
0.00
—
Purchase Of Investment
-0.42
+89.23%
-3.87
0.00
—
Net Intangibles Purchase And Sale
-0.04
-44.35%
-0.03
0.00
+100.00%
-0.00
Purchase Of Intangibles
-0.04
-44.35%
-0.03
0.00
+100.00%
-0.00
Net Other Investing Changes
—
3.20
+176.20%
-4.20
—
Financing Cash Flow
12.38
+292.33%
-6.44
-156.87%
11.32
+433.38%
-3.40
Cash Flow From Continuing Financing Activities
12.38
+292.33%
-6.44
-156.87%
11.32
+433.38%
-3.40
Net Issuance Payments Of Debt
3.07
+136.76%
-8.34
-822.48%
1.15
+145.56%
-2.53
Issuance Of Debt
5.16
-52.97%
10.97
+14.03%
9.62
+7.63%
8.93
Repayment Of Debt
-2.09
+89.17%
-19.31
-128.16%
-8.46
+26.22%
-11.47
Long Term Debt Issuance
3.85
-42.84%
6.73
+444.89%
1.24
-73.44%
4.65
Long Term Debt Payments
-1.78
+80.36%
-9.08
-796.75%
-1.01
0.00
Net Long Term Debt Issuance
2.06
+187.99%
-2.35
-1152.22%
0.22
-95.21%
4.65
Short Term Debt Issuance
1.31
-69.07%
4.24
-49.45%
8.38
+95.64%
4.28
Short Term Debt Payments
-0.31
+96.98%
-10.23
-37.34%
-7.45
+35.04%
-11.47
Net Short Term Debt Issuance
1.00
+116.71%
-6.00
-743.55%
0.93
+112.97%
-7.18
Net Common Stock Issuance
8.00
0.00
-100.00%
10.08
0.00
Net Other Financing Charges
1.32
-30.91%
1.90
+2136.18%
0.09
+109.88%
-0.86
Changes In Cash
-4.47
-311.45%
-1.09
-147.78%
2.27
+126.53%
1.00
Effect Of Exchange Rate Changes
-0.09
+16.27%
-0.10
+72.88%
-0.38
-447.21%
0.11
Beginning Cash Position
5.88
-16.82%
7.07
+36.57%
5.17
+27.39%
4.06
End Cash Position
1.32
-77.46%
5.88
-16.82%
7.07
+36.57%
5.17
Free Cash Flow
-16.43
-372.96%
6.02
+224.22%
-4.85
-210.17%
4.40
Interest Paid Supplemental Data
0.15
-63.90%
0.41
-50.60%
0.83
+127.41%
0.37
Income Tax Paid Supplemental Data
0.18
0.00
-100.00%
0.12
+23.99%
0.10
Change In Income Tax Payable
-0.02
-106.60%
0.25
-7.26%
0.27
+236.23%
-0.20
Change In Tax Payable
-0.02
-106.60%
0.25
-7.26%
0.27
+236.23%
-0.20
Common Stock Issuance
8.00
0.00
-100.00%
10.08
0.00
Issuance Of Capital Stock
8.00
0.00
-100.00%
10.08
0.00
SEC Filings

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