Rayonier Advanced Materials (RYAM) AI Stock Analysis

• Market Cap: $696.86M
• Dividend Yield: N/A
• Average Volume (3M): 527.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.57
• Revenue Growth: -9.75%
• EPS Growth: -386.63%
• Country: US
• Employees: 2,350
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.28
• Shares Outstanding: 67,005,590
• 10 Day Avg. Volume: 696,472
• 30 Day Avg. Volume: 527,037
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.27
• P/FCF Ratio: -4.28
• Enterprise Value/Market Cap: 2.01
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 11.80
• Enterprise Value/Ebitda: 9.80
• 1Y Price Target: $14.00
• Price Target Upside: 49.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.16
• Revenue Forecast (FY): $1.48B

• Rating: 52 Neutral
• Price Target: $9.50 ▲(1.39% Upside)
• Action: Reiterated Date: 03/04/26
• Date: Action: Reiterated 03/04/26

The score is held down primarily by weak financial performance (shrinking revenue, severe 2025 loss, and volatile/declining cash flow). Technicals are a meaningful offset with strong upward trend signals, while the earnings-call outlook is mixed—clear improvement goals and pricing progress, but significant execution, volume, and refinancing risks. Valuation contributes little support due to losses and no stated dividend yield.

Positive Factors

Contracted Pricing in Specialties

Having 85% of specialties revenue contracted at material price increases is a durable structural lever: it raises baseline realizations, supports margin recovery as volumes normalize, reduces spot exposure, and materially improves the company's ability to generate cash if demand holds, underpinning multi-quarter recovery plans.

New Product Commercialization

A pipeline of commercializing products and higher‑value pulp and paperboard variants diversifies revenue away from commodity segments. These innovations can capture better end‑market pricing, improve mix and margins, and create lasting differentiation that lessens sensitivity to cyclic oversupply in core commodity businesses.

Improving Leverage Position

Leverage that is elevated but improved versus prior years provides some structural financial flexibility: with debt near parity to equity the company has room to execute a refinance or restructure, which can lower fixed charges and support investment in product commercialization and margin restoration over several quarters.

Negative Factors

Volatile and Weak Cash Generation

Large swings in operating and free cash flow, capped by a steep 2025 drop, reduce the company's ability to fund operations, invest in higher‑margin projects, and service debt without external financing. Persistent cash volatility imposes long‑term constraints on strategic flexibility and capital allocation.

High-Cost Debt and Refinancing Risk

Significant high‑cost debt and a large negative FCF year create structural refinancing risk: if the company cannot secure lower cost financing, elevated fixed charges will persist, eroding any margin gains and limiting sustained investment in product rollouts and operations over the medium term.

Structural Oversupply and Import Competition

Enduring import competition and lingering oversupply in commodity segments structurally depress prices and volumes. Even with pricing actions or trade remedies, restoring durable pricing power is uncertain and may require sustained capacity rationalization or product shifting, limiting margin and revenue recovery prospects.

Rayonier Advanced Materials Business Overview & Revenue Model

Company Description

Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers. The company also offers commodity products, such as commodity viscose pulp used in woven applications, including rayon textiles for clothing and other fabrics, as well as in non-woven applications comprising baby wipes, cosmetic and personal wipes, industrial wipes, and mattress ticking; and absorbent materials consisting of fluff fibers that are used as an absorbent medium in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and non-woven fabrics. In addition, it provides paperboards for packaging, printing documents, brochures, promotional materials, paperback books or catalog covers, file folders, tags, and tickets; and high-yield pulps to produce paperboard and packaging products, printing and writing papers, and various other paper products. The company was founded in 1926 and is headquartered in Jacksonville, Florida.

How the Company Makes Money

Rayonier Advanced Materials generates revenue through the sale of its cellulose specialties and high-purity cellulose products. The company operates on a business model that focuses on both volume sales and pricing strategies tailored to the demands of various industries. Key revenue streams include contracts with major customers in the textile and chemical industries, where consistent product quality and supply reliability are critical. Additionally, RYAM benefits from strategic partnerships with manufacturers and distributors that enhance its market reach. Factors contributing to its earnings include fluctuations in demand for cellulose-based products, innovations in product applications, and the company’s ability to manage production costs effectively.

Rayonier Advanced Materials Financial Statement Overview

Summary

Financials are under heavy pressure: revenue has weakened materially, profitability deteriorated sharply with a severe 2025 loss and EBITDA margin collapse, and cash generation has become volatile with a steep 2025 free-cash-flow drop. Leverage is manageable but negative returns and shrinking assets limit flexibility.

Income Statement

Revenue has weakened meaningfully, with 2025 down sharply versus 2024 and a multi-year pattern of uneven growth. Profitability is pressured: gross margin remains low and net results have been loss-making in most years, capped by a very large net loss in 2025. While EBITDA margin was solid in 2022–2024, it collapsed in 2025, signaling a major deterioration in operating performance and/or significant charges flowing through earnings.

Balance Sheet

Leverage is elevated but not extreme for the sector, with debt generally around parity with equity (debt-to-equity near ~0.8–1.6 over the period) and improving versus 2020’s higher leverage. However, returns on equity are negative in recent years, including a very large negative in 2025, which indicates the balance sheet is not currently generating attractive shareholder returns. Assets have also trended down from earlier years, suggesting reduced scale and less balance-sheet flexibility than in prior periods.

Cash Flow

Cash generation has become less reliable. Operating cash flow and free cash flow were strong in parts of the period (notably 2021 and 2024), but 2022 saw negative free cash flow and 2025 showed a steep drop to a low level of positive free cash flow. The large negative free cash flow growth in 2025 highlights volatility and raises reinvestment and liquidity-risk concerns if weak operating conditions persist.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.47B	1.63B	1.64B	1.72B	1.41B
Gross Profit	119.00M	165.58M	88.15M	123.08M	74.72M
EBITDA	143.00M	173.69M	81.32M	176.94M	121.82M
Net Income	-420.00M	-39.00M	-101.83M	-14.92M	66.41M
Balance Sheet
Total Assets	1.76B	2.13B	2.18B	2.35B	2.45B
Cash, Cash Equivalents and Short-Term Investments	75.00M	125.22M	75.77M	151.80M	291.82M
Total Debt	779.00M	729.82M	777.46M	853.13M	928.71M
Total Liabilities	1.43B	1.41B	1.44B	1.52B	1.63B
Stockholders Equity	316.56M	713.88M	746.45M	829.31M	814.34M
Cash Flow
Free Cash Flow	-92.00M	95.67M	8.60M	-69.41M	140.01M
Operating Cash Flow	24.00M	203.61M	136.27M	68.81M	233.22M
Investing Cash Flow	-114.00M	-107.94M	-127.28M	-94.17M	85.39M
Financing Cash Flow	30.00M	-42.48M	-86.95M	-73.11M	-156.66M

Rayonier Advanced Materials Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYAM, the sentiment is Positive. The current price of 9.37 is below the 20-day moving average (MA) of 10.24, above the 50-day MA of 8.94, and above the 200-day MA of 6.45, indicating a bullish trend. The MACD of 0.75 indicates Positive momentum. The RSI at 54.15 is Neutral, neither overbought nor oversold. The STOCH value of 49.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RYAM.

Rayonier Advanced Materials Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LXU	67 Neutral	$1.05B	25.00	-0.13%	―	12.49%	95.48%
ASIX	64 Neutral	$544.18M	9.44	6.06%	3.81%	-5.05%	35.01%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RYAM	52 Neutral	$696.86M	-0.94	-99.73%	―	-9.75%	-386.63%
TROX	51 Neutral	$1.11B	-1.41	-29.85%	8.27%	-7.81%	-334.15%
FF	46 Neutral	$138.61M	-2.83	-28.62%	7.12%	-49.82%	-195.74%
ORGN	40 Underperform	$14.85M	-1.18	-21.95%	―	-28.47%	16.83%

Rayonier Advanced Materials Corporate Events

Rayonier Advanced Materials Withdraws From Altamaha Energy Project

On January 26, 2026, Rayonier Advanced Materials Inc. announced that, following a comprehensive review, it has decided not to move forward with its participation in the Altamaha Green Energy project, signaling a strategic pullback from this specific initiative. The company stated it will continue to assess its project portfolio under a disciplined capital allocation framework, indicating an ongoing focus on prioritizing investments that align more tightly with its strategic and financial objectives, with potential implications for how it deploys capital across future growth and sustainability-related opportunities.

The most recent analyst rating on (RYAM) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Rayonier Advanced Materials stock, see the RYAM Stock Forecast page.

Rayonier Advanced Materials consolidates leadership after SVP departure

On January 11, 2026, Rayonier Advanced Materials Inc. announced the separation of Joshua Hicks, its Senior Vice President of High Purity Cellulose, effective the same day, marking a leadership change within its key high-purity cellulose segment. Following his departure, the High Purity Cellulose organization will report directly to President and Chief Executive Officer Scott Sutton, signaling a consolidation of oversight at the top executive level that may streamline decision-making and operational alignment within this strategic business unit.

The most recent analyst rating on (RYAM) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Rayonier Advanced Materials stock, see the RYAM Stock Forecast page.

Rayonier Advanced Materials CEO Announces Retirement Plan

On December 10, 2025, Rayonier Advanced Materials announced that its President and CEO, De Lyle W. Bloomquist, will retire by the company’s 2026 Annual Meeting of Stockholders in May. The Board has initiated a search for his successor, engaging a leading executive search firm, reflecting their commitment to governance and long-term value creation. Bloomquist’s leadership over the past four years has been pivotal in advancing the company’s BioFuture vision and positioning it for sustainable growth.

The most recent analyst rating on (RYAM) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Rayonier Advanced Materials stock, see the RYAM Stock Forecast page.