Rayonier Advanced Materials (RYAM)
Market Price (12/4/2025): $6.56 | Market Cap: $439.5 MilSector: Materials | Industry: Commodity Chemicals
Rayonier Advanced Materials (RYAM)
Market Price (12/4/2025): $6.56Market Cap: $439.5 MilSector: MaterialsIndustry: Commodity Chemicals
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Advanced Materials, and Circular Economy & Recycling. Themes include Nanomaterials, Specialty Chemicals for Performance, Show more. | Weak multi-year price returns3Y Excs Rtn is -86% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 148% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.3%, Rev Chg QQuarterly Revenue Change % is -12% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -90% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Circular Economy & Recycling. Themes include Nanomaterials, Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -86% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 148% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.3%, Rev Chg QQuarterly Revenue Change % is -12% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -90% |
Valuation, Metrics & Events
RYAM Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points explaining the approximate 17.4% movement in Rayonier Advanced Materials (RYAM) stock from August 31, 2025, to December 4, 2025:
1. Q2 2025 Earnings Outlook and Expected Stabilization: Towards the beginning of the specified period, Rayonier Advanced Materials reported its second quarter 2025 results on August 5, 2025. While these results were impacted by "extraordinary and largely non-recurring challenges," management expressed an expectation that these headwinds had peaked in Q2 and anticipated "tangible signs of stabilization and recovery entering the second half of the year." This forward-looking optimistic outlook likely contributed to positive investor sentiment in late August and early September.
2. Strategic Pivot Towards High-Value Segments: The company has actively outlined a strategic pivot aimed at transforming into a pure-play Cellulose Specialties and Biomaterials company. This strategy involves divesting underperforming Paperboard and High-Yield Pulp businesses in 2026, coupled with an ambitious EBITDA growth roadmap targeting an increase from an approximate $195 million normalized EBITDA in 2025 to a $365 million run-rate EBITDA by 2028. This clear long-term vision for higher-margin growth could attract investors looking beyond short-term challenges.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RYAM Return | 70% | -12% | 68% | -58% | 104% | -23% | 66% |
| Peers Return | 14% | 22% | -7% | 30% | 9% | -22% | 42% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| RYAM Win Rate | 75% | 58% | 58% | 50% | 58% | 20% | |
| Peers Win Rate | 65% | 50% | 50% | 52% | 50% | 42% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| RYAM Max Drawdown | -75% | -23% | -56% | -72% | -16% | -56% | |
| Peers Max Drawdown | -55% | -12% | -23% | -6% | -22% | -42% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MEOH, NOVS, DOW, HWKN, HUN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | RYAM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -76.4% | -25.4% |
| % Gain to Breakeven | 323.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -75.7% | -33.9% |
| % Gain to Breakeven | 311.6% | 51.3% |
| Time to Breakeven | 161 days | 148 days |
| 2018 Correction | ||
| % Loss | -88.7% | -19.8% |
| % Gain to Breakeven | 781.8% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to MEOH, NOVS, DOW, HWKN, HUN
In The Past
Rayonier Advanced Materials's stock fell -76.4% during the 2022 Inflation Shock from a high on 3/15/2021. A -76.4% loss requires a 323.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to RYAM. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.1% | 3.1% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.5% | 0.5% | -1.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 30.9% | 30.9% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 12.7% | 12.7% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | -2.5% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.1% | 3.1% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.5% | 0.5% | -1.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 30.9% | 30.9% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 12.7% | 12.7% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 4.8% | 4.8% | -2.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Rayonier Advanced Materials
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.76 |
| Mkt Cap | 2.8 |
| Rev LTM | 2,520 |
| Op Inc LTM | 63 |
| FCF LTM | 39 |
| FCF 3Y Avg | 126 |
| CFO LTM | 244 |
| CFO 3Y Avg | 332 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -3.4% |
| Rev Chg 3Y Avg | -7.7% |
| Rev Chg Q | -3.0% |
| QoQ Delta Rev Chg LTM | -0.8% |
| Op Mgn LTM | 0.7% |
| Op Mgn 3Y Avg | 3.5% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 9.0% |
| CFO/Rev 3Y Avg | 8.3% |
| FCF/Rev LTM | 5.5% |
| FCF/Rev 3Y Avg | 2.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.8 |
| P/S | 0.4 |
| P/EBIT | 5.7 |
| P/E | -1.2 |
| P/CFO | 10.4 |
| Total Yield | 2.5% |
| Dividend Yield | 1.7% |
| FCF Yield 3Y Avg | 4.6% |
| D/E | 1.2 |
| Net D/E | 1.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.8% |
| 3M Rtn | 0.8% |
| 6M Rtn | 2.8% |
| 12M Rtn | -24.8% |
| 3Y Rtn | -18.2% |
| 1M Excs Rtn | 3.8% |
| 3M Excs Rtn | -4.5% |
| 6M Excs Rtn | -11.9% |
| 12M Excs Rtn | -39.3% |
| 3Y Excs Rtn | -86.3% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11052025 | 10-Q 9/27/2025 |
| 6302025 | 8062025 | 10-Q 6/28/2025 |
| 3312025 | 5072025 | 10-Q 3/29/2025 |
| 12312024 | 3062025 | 10-K 12/31/2024 |
| 9302024 | 11062024 | 10-Q 9/28/2024 |
| 6302024 | 8072024 | 10-Q 6/29/2024 |
| 3312024 | 5082024 | 10-Q 3/30/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 7/1/2023 |
| 3312023 | 5102023 | 10-Q 4/1/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/24/2022 |
| 6302022 | 8042022 | 10-Q 6/25/2022 |
| 3312022 | 5052022 | 10-Q 3/26/2022 |
| 12312021 | 3012022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |