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Ricoh Company

RICOF
54
Business Equipment & Supplies · Industrials
Price
$9.19
+0.00 (+0.00%)
Market Cap
$5.19B
Exchange
Other OTC
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 24, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Strong
Cash Flow
Strong
Stability
Strong
Valuation
Good
Dividends
Good

Share count falling — buybacks

14.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 669.8M (2022) → 570.0M (2026)

Winston Score History

The full picture

Ricoh is a Japanese company best known for making office printers, copiers, and multifunction machines. It also provides IT services, document management software, and commercial printing equipment. Ricoh is one of the largest office imaging companies in the world, serving businesses of all sizes.

The company earns revenue through hardware sales, supplies like ink and toner, and a growing share from IT services and managed print contracts. Ricoh operates globally, with major markets in Japan, the Americas, and Europe, and has a market cap around $5 billion. Its large installed base of office equipment creates recurring revenue from supplies and service agreements. A key risk is the long-term decline in office printing as workplaces go more digital, which pushes Ricoh to shift toward IT services and digital solutions for future growth.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-50.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

¥77.9B/ year

Rising (+13939% vs prior year)

3.0% of revenue

Below sector average (4%)

R&D investment increasing — building for the future

Insider Activity

11.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥532.9B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Ricoh Company is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
37.7%
Modest — 37.7% gross margin
Profit after running costs
Operating Margin
4.4%
Thin — 4.4% operating margin
Return on the money invested
ROCE
5.6%
Weak — 5.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+5.2%
Slow sales growth (+5.2% YoY)
Profit growth
EPS YoY
+76.6%
Earnings growing fast (+76.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
235%
Turns 235% of profit into real cash
Spare cash per sale
FCF Margin
5.5%
Thin free cash flow (5.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.39
Conservative — low debt load (0.39)
Covers its interest
Interest Cover
7.03x
Adequate interest coverage (7.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
11.4x
Attractive valuation — P/E 11.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-1.1
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
3.01%
Moderate income — 3.01% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+7.8%
Dividend growing modestly (7.8% YoY)

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