Richardson Electronics Ltd
Richardson Electronics Ltd designs, markets, and distributes high-frequency components and systems for the aerospace, defense, industrial, and communications markets.
Business. Richardson Electronics Ltd (RELL.O) is a technology equipment company operating in the electronic equipment and parts industry. The firm primarily engages in the sale of products within the technology sector. Specific details regarding its operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
Analyst recommendations
1 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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Developing storylines
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- Company
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Richardson Electronics Ltd (RELL.O) has seen a wave of new institutional interest, with multiple investors initiating notable positions in the company’s shares. This activity marks the first analysis for the ticker, meaning there is no prior baseline for comparison, but the influx of new holders suggests growing attention from the investment community. The most significant addition came from investor ID 466, which held 885,378 shares valued at approximately $10.53 million as of June 30, 2024. This position represents a weight of roughly 0.024% in the investor’s portfolio, indicating a meaningful allocation relative to their overall holdings. Other notable entries were recorded as of March 31, 2026. Investor ID 487 added 715,503 shares worth about $7.83 million, while investor ID 486 took a position of 181,565 shares valued at $1.99 million. Smaller but still notable additions included investor ID 467 with 237,273 shares ($2.60 million), investor ID 481 with 31,788 shares ($0.35 million), and investor ID 499 with 9,432 shares ($0.10 million). Additionally, investor ID 497 initiated a position of 21,406 shares valued at $0.30 million as of December 31, 2024. With 19 top holders currently identified and no analyst coverage or index membership reported, these new stakes highlight a shift in ownership structure that may warrant further monitoring for potential impacts on liquidity and market perception.
Signals & dispatch
Composite-score breakdown
Synthesis
Richardson Electronics Ltd (RELL.O) is a technology equipment company operating in the electronic equipment and parts industry. The firm primarily engages in the sale of products within the technology sector. Specific details regarding its operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
The company's capital structure is characterized by a strong liquidity position, with a current ratio of 4.51 and $35.9 million in cash and equivalents. Despite this, the firm reported negative operating and net income of $2.5 million and $1.1 million, respectively, in the latest period. The price-to-book ratio of 1.71 suggests the market is valuing the company at a premium to its book value, but the negative return on equity of -0.73% indicates poor capital efficiency.
Profitability metrics show significant underperformance relative to industry norms. The company's gross margin of 31.0% (calculated from $64.8 million gross profit on $208.9 million revenue) is below the median for the Electronic Equipment & Parts industry, and the negative operating margin of -1.2% highlights operational challenges. The return on assets of -0.58% further underscores the company's inability to generate returns from its asset base.
Geographically, the company's revenue is concentrated in North America, with no disclosed breakdown of segment performance. This lack of geographic diversification increases exposure to regional economic fluctuations. The absence of long-term debt and a debt-to-equity ratio of 0.0 suggests a conservative capital structure, but the negative free cash flow of $3.4 million indicates cash outflows from operations after capital expenditures.
Looking ahead, the company is projected to face a revenue decline in the current fiscal year, with no clear signs of improvement in the next fiscal year. The operating cash flow of $10.6 million provides some buffer, but the negative net income and free cash flow signal ongoing financial stress. Analysts have assigned a mean price target of $14.50, which is below the current market price of $18.42, suggesting a bearish outlook.
Risk factors include the company's negative earnings and weak return metrics, which could pressure the stock price. The risk assessment indicates low dilution risk, but the absence of positive earnings and the negative operating margin increase the likelihood of strategic shifts or cost-cutting measures. No immediate filing-based liquidity or dilution flags were detected, but the company's financial performance remains a concern.
Recent filings and transcripts have not revealed any material events that would significantly alter the company's trajectory. The lack of strong buy or buy recommendations from analysts, with only one hold rating, reflects a cautious market sentiment. The company's ability to improve its operating margin and return on equity will be critical to restoring investor confidence.
Richardson Electronics Ltd (RELL.O) has seen a wave of new institutional interest, with multiple investors initiating notable positions in the company’s shares. This activity marks the first analysis for the ticker, meaning there is no prior baseline for comparison, but the influx of new holders suggests growing attention from the investment community. The most significant addition came from investor ID 466, which held 885,378 shares valued at approximately $10.53 million as of June 30, 2024. This position represents a weight of roughly 0.024% in the investor’s portfolio, indicating a meaningful allocation relative to their overall holdings. Other notable entries were recorded as of March 31, 2026. Investor ID 487 added 715,503 shares worth about $7.83 million, while investor ID 486 took a position of 181,565 shares valued at $1.99 million. Smaller but still notable additions included investor ID 467 with 237,273 shares ($2.60 million), investor ID 481 with 31,788 shares ($0.35 million), and investor ID 499 with 9,432 shares ($0.10 million). Additionally, investor ID 497 initiated a position of 21,406 shares valued at $0.30 million as of December 31, 2024. With 19 top holders currently identified and no analyst coverage or index membership reported, these new stakes highlight a shift in ownership structure that may warrant further monitoring for potential impacts on liquidity and market perception.
- The company has strong liquidity but is reporting negative operating and net income.
- Richardson Electronics is trading at a premium to book value despite poor profitability metrics.
- The company's geographic and segment revenue concentration increases its exposure to regional and product-specific risks.
- Analysts have a bearish outlook, with a mean price target below the current market price.
- The company's negative free cash flow and weak return metrics suggest ongoing financial stress.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,26 |
| Revenue | —no estimate | —no estimate | 217,8M USD |
| Operating income | —no estimate | —no estimate | 3,1M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- EVP Global Supply Chain · Employee Stock Option (Right to Buy) → Common StockDisposed 1 836 @ $4,26exercise · 2026-05-20
- EVP Global Supply Chain · Employee Stock Option (Right to Buy) → Common StockDisposed 4 800 @ $7,66exercise · 2026-05-20
- Director · Employee Stock Option (Right to Buy) → Common StockDisposed 5 000 @ $9,10exercise · 2026-05-05
- Director · Employee Stock Option (Right to Buy) → Common StockDisposed 5 000 @ $5,61exercise · 2026-02-12
- EVP Canvys · Employe Stock Option (Right to Buy) → Common StockDisposed 2 000 @ $5,61exercise · 2026-01-27
- EVP Canvys · Employe Stock Option (Right to Buy) → Common StockDisposed 5 000 @ $4,26exercise · 2026-01-27
- EVP Canvys · Employe Stock Option (Right to Buy) → Common StockDisposed 4 000 @ $7,66exercise · 2026-01-27
- EVP Canvys · Employe Stock Option (Right to Buy) → Common StockDisposed 6 000 @ $9,10exercise · 2026-01-27
- Director · Employee Stock Option (Right to Buy) → Common StockDisposed 4 000 @ $7,66exercise · 2026-01-13
- Director, Chairman & CEO, 10% owner · Class B Common Stock → Class B Common StockDisposed 500gift · 2025-11-19
- Director, Chairman & CEO, 10% owner · Class B Common Stock → Class B Common StockDisposed 12 500conversion · 2025-11-18
- CFO, CAO, Corporate Secretary · Employee Stock Option (Right to Buy) → Common StockDisposed 4 000 @ $7,66exercise · 2025-10-14
- CFO, CAO, Corporate Secretary · Employee Stock Option (Right to Buy) → Common StockDisposed 2 000 @ $5,61exercise · 2025-10-14
- CFO, CAO, Corporate Secretary · Employee Stock Option (Right to Buy) → Common StockDisposed 3 500 @ $4,26exercise · 2025-10-14
- EVP Global Supply Chain · Employee Stock Option (Right to Buy) → Common StockDisposed 1 853 @ $6,90exercise · 2025-08-12
- EVP Global Supply Chain · Employee Stock Option (Right to Buy) → Common StockDisposed 3 600 @ $5,61exercise · 2025-08-12
- EVP Global Supply Chain · Employee Stock Option (Right to Buy) → Common StockDisposed 2 964 @ $4,26exercise · 2025-08-12
- Director, COO · Employee Stock Option (Right to Buy) → Common StockAcquired 20 000 @ $9,73grant · 2025-07-21
- Director, Chairman & CEO, 10% owner · Employee Stock Option (Right to Buy) → Common StockAcquired 20 000 @ $9,73grant · 2025-07-21
- CFO, CAO, Corporate Secretary · Employee Stock Option (Right to Buy) → Common StockAcquired 10 000 @ $9,73grant · 2025-07-21
- EVP Global Supply Chain · Employee Stock Option (Right to Buy) → Common StockAcquired 7 500 @ $9,73grant · 2025-07-21
- EVP PMT · Employee Stock Option (Right to Buy) → Common StockAcquired 10 000 @ $9,73grant · 2025-07-21
- EVP Canvys · Employee Stock Option (Right to Buy) → Common StockAcquired 10 000 @ $9,73grant · 2025-07-21
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Richardson Electronics Ltd Market data — financials · 2026-05-29
- Richardson Electronics Ltd Market data — analyst estimates · 2026-05-29
- Richardson Electronics Ltd Market data — ESG · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2024-06-300,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2025-12-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2024-12-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- EVP Global Supply Chain · Common StockOther 1 836 @ $4,26$8K · 2026-05-20
- EVP Global Supply Chain · Common StockOther 4 800 @ $7,66$37K · 2026-05-20
- EVP Global Supply Chain · Common StockSold 6 636 @ $16,85$112K · 2026-05-20
- Director · Common StockOther 5 000 @ $9,10$46K · 2026-05-05
- Director · Common StockOther 5 000 @ $7,66$38K · 2026-05-05
- Director · Common StockSold 10 000 @ $14,69$147K · 2026-05-05
- CFO, CAO, Corporate Secretary · Common StockSold 4 000 @ $12,99$52K · 2026-02-19
- Director · Common StockOther 5 000 @ $5,61$28K · 2026-02-12
- Director · Common StockOther 5 000 @ $4,26$21K · 2026-02-12
- Director · Common StockSold 10 000 @ $13,09$131K · 2026-02-12
- Director, COO · Common StockOther 200 · 2026-02-04
- CFO, CAO, Corporate Secretary · Common StockSold 4 969 @ $11,90$59K · 2026-02-04
- CFO, CAO, Corporate Secretary · Common StockSold 31 @ $12,00$372 · 2026-02-04
- Director, COO · Common StockOther 400 · 2026-02-02
- EVP Canvys · Common StockSold 7 900 @ $12,00$95K · 2026-01-27
- EVP Canvys · Common StockOther 6 000 @ $9,10$55K · 2026-01-27
- EVP Canvys · Common StockOther 2 000 @ $5,61$11K · 2026-01-27
- EVP Canvys · Common StockOther 5 000 @ $4,26$21K · 2026-01-27
- EVP Canvys · Common StockOther 4 000 @ $7,66$31K · 2026-01-27
- EVP Canvys · Common StockSold 8 000 @ $12,19$97K · 2026-01-27
- EVP Canvys · Common StockSold 1 100 @ $11,99$13K · 2026-01-27
- Director · Common StockOther 4 000 @ $7,66$31K · 2026-01-13
- Director, Chairman & CEO, 10% owner · Common StockOther 12 500 · 2025-11-18
- Director, Chairman & CEO, 10% owner · Common StockOther 32 500 · 2025-11-18
- Director · Common StockSold 4 200 @ $11,33$48K · 2025-10-16
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Shareholders' equity (YoY) (2025-11-29 vs 2024-11-30): 1.5%Derived (calculated)
- Total liabilities (YoY) (2025-11-29 vs 2024-11-30): 10.9%Derived (calculated)
- Current ratio (FY 2025-11-29): 4.14xDerived (calculated)
- Debt-to-equity (FY 2025-11-29): 0.27xDerived (calculated)
- Cash & equivalents (YoY) (2025-11-29 vs 2024-11-30): 24.4%Derived (calculated)
- Total assets (YoY) (2025-11-29 vs 2024-11-30): 3.4%Derived (calculated)
- Shareholders' equity (annual): USD 158.47MSEC XBRL filing
- Current assets (annual): USD 171.54MSEC XBRL filing
- Current liabilities (annual): USD 41.44MSEC XBRL filing
- Total liabilities (annual): USD 43.29MSEC XBRL filing
- Cash & equivalents (annual): USD 33.14MSEC XBRL filing
- Total assets (annual): USD 201.77MSEC XBRL filing
- Gross margin (FY 2025-05-31): 31.0%Derived (calculated)
- Net margin (FY 2025-05-31): -0.5%Derived (calculated)
- Gross profit (annual): USD 64.8MSEC XBRL filing
- Cost of revenue (annual): USD 144.11MSEC XBRL filing
- Pre-tax income (annual): USD -1.53MSEC XBRL filing
- Operating cash flow (annual): USD 10.55MSEC XBRL filing
- Net income (annual): USD -1.14MSEC XBRL filing
- Operating income (annual): USD -2.46MSEC XBRL filing
- Revenue (annual): USD 208.91MSEC XBRL filing
- Debt-to-equity (FY 2024-11-30): 0.25xDerived (calculated)
- Current ratio (FY 2024-11-30): 4.51xDerived (calculated)
- Current liabilities (annual): USD 36.69MSEC XBRL filing