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Ryde Group Ltd. (RYDE)



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Upturn Advisory Summary
06/13/2025: RYDE (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $0.6
1 Year Target Price $0.6
0 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -85.9% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 9.19M USD | Price to earnings Ratio - | 1Y Target Price 0.6 |
Price to earnings Ratio - | 1Y Target Price 0.6 | ||
Volume (30-day avg) 1 | Beta - | 52 Weeks Range 0.16 - 22.49 | Updated Date 06/30/2025 |
52 Weeks Range 0.16 - 22.49 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.68 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -208.38% | Operating Margin (TTM) -113.49% |
Management Effectiveness
Return on Assets (TTM) -163.69% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 4965917 | Price to Sales(TTM) 1.03 |
Enterprise Value 4965917 | Price to Sales(TTM) 1.03 | ||
Enterprise Value to Revenue 0.71 | Enterprise Value to EBITDA - | Shares Outstanding 27597400 | Shares Floating 17936797 |
Shares Outstanding 27597400 | Shares Floating 17936797 | ||
Percent Insiders 24.24 | Percent Institutions 1.47 |
Analyst Ratings
Rating 1 | Target Price 0.6 | Buy 1 | Strong Buy - |
Buy 1 | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Ryde Group Ltd.
Company Overview
History and Background
Ryde Group Ltd. (RYDE) is a Singapore-based technology company focusing on mobility and quick commerce. Founded in 2014 as a ride-hailing service, it expanded into logistics and e-commerce delivery. Milestones include launching private hire services, expanding into parcel delivery, and developing a mobile marketplace for local businesses.
Core Business Areas
- Ride-Hailing: Provides on-demand transportation services connecting passengers with drivers. Offers various ride options including private car, carpool, and taxi bookings.
- Quick Commerce: Offers on-demand delivery services for parcels, groceries, and food, enabling businesses to fulfill online orders quickly.
- Mobile Marketplace: Connects local businesses with customers, allowing them to sell products and services directly through the Ryde app.
Leadership and Structure
The leadership team consists of Terence Zou (CEO), and several senior executives overseeing technology, operations, and finance. The organizational structure includes departments for engineering, marketing, customer service, and driver management.
Top Products and Market Share
Key Offerings
- RydeX: Private hire ride-hailing service. Competitors include Grab and Gojek. Market share data is not publicly available at a granular level, but Ryde is estimated to hold a smaller share than the leading competitors.
- RydeSEND: On-demand parcel delivery service. Competitors include Lalamove and Ninja Van. Revenue data not publicly available.
- RydeFOOD: Food delivery service. Competitors include GrabFood and foodpanda. Revenue data not publicly available.
Market Dynamics
Industry Overview
The mobility and quick commerce industries are experiencing rapid growth driven by increasing urbanization and e-commerce adoption. These sectors are competitive, with many players vying for market share through technology, pricing, and service quality.
Positioning
Ryde Group Ltd. positions itself as a local alternative to larger international players. Its competitive advantage lies in its knowledge of the local market and its focus on providing personalized services. The company has recently started expanding its operations into the United States.
Total Addressable Market (TAM)
The global ride-hailing market is estimated to be worth hundreds of billions of dollars and is expected to grow substantially over the next decade. Ryde, despite being a smaller player, targets a niche within this larger TAM focusing on user experience and localised service.
Upturn SWOT Analysis
Strengths
- Strong local presence and understanding of the Singapore market
- Diversified service offerings (ride-hailing, delivery, marketplace)
- Technology-driven platform
- Brand reputation
Weaknesses
- Smaller market share compared to larger competitors
- Limited geographical presence
- Dependence on single market
- Thin liquidity in the US market
Opportunities
- Expansion into new markets
- Partnerships with local businesses
- Development of new service offerings
- Increased adoption of electric vehicles
Threats
- Intense competition from established players
- Regulatory changes
- Economic downturns
- Fluctuations in fuel prices
Competitors and Market Share
Key Competitors
- GRAB
- Gojek
- Uber
Competitive Landscape
Ryde Group faces significant competition from larger, well-funded competitors. To compete effectively, Ryde needs to focus on its strengths, such as its local knowledge and personalized services, to differentiate itself from the competition.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is limited due to the company's relatively recent public listing in the United States.
Future Projections: Future projections are not readily available.
Recent Initiatives: Expanding to United States is a major strategic initiatives undertaken by Ryde Group Ltd.
Summary
Ryde Group Ltd. is a growing technology company operating in the competitive ride-hailing and quick commerce industries. It has a strong presence in Singapore, with opportunities to expand into new markets. However, it faces challenges from larger competitors and regulatory uncertainties. The company needs to focus on innovation and strategic partnerships to achieve sustainable growth and to watch out for larger competitors who can take its market share by reducing its price and burning money.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Various News Articles
Disclaimers:
The information provided is based on publicly available data and analyst estimates. It is not financial advice. Market share data is based on estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ryde Group Ltd.
Exchange NYSE MKT | Headquaters - | ||
IPO Launch date 2024-03-06 | Founder, Chairman & CEO Mr. Junming Zou | ||
Sector Technology | Industry Software - Application | Full time employees 30 | Website https://rydesharing.com |
Full time employees 30 | Website https://rydesharing.com |
Ryde Group Ltd engages in the provision of mobility and quick commerce solutions in Singapore. The company offers on-demand and scheduled carpooling and ride-hailing services; matching riders to its driver partners; and on-demand, scheduled, and multi-stop parcel delivery services. It also operates RydePay, a digital payments solution that allows users to pay and top up by card and to pay by RydeCoins; and Ryde+, a value subscription plan service. The company was founded in 2014 and is headquartered in Singapore.
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