Ricardo plc (RCDOF) Stock Analysis
DELISTED 2026
What happened to Ricardo plc (RCDOF) stock?
Ricardo plc (RCDOF) no longer trades on public markets. It was delisted in January 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Ricardo plc (RCDOF) trades at $2.74. Ricardo plc provides engineering and consulting services across various sectors, including energy, rail, automotive, and defense. Market cap: $171M, Sector: Industrials.
Last analyzed: Mar 18, 2026Analyst Coverage for RCDOF: RCDOF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates RCDOF against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
RCDOF: 1/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Ricardo plc (RCDOF) Industrial Operations Profile
Ricardo plc delivers engineering, environmental, and strategic consulting services globally, focusing on energy, rail, automotive, and defense sectors. With a history dating back to 1915, the company provides technical expertise and specialized products, serving transport operators, manufacturers, energy companies, and government agencies, navigating a competitive consulting landscape.
What Is the Investment Thesis for RCDOF?
Ricardo plc presents a mixed investment thesis. The company's diverse service offerings across multiple sectors provide resilience, while its focus on sustainable solutions aligns with growing environmental concerns. However, a high P/E ratio of 382.09 and a low profit margin of 0.1% raise concerns about profitability. Growth catalysts include increasing demand for electric vehicle technology and stricter environmental regulations. Key risks include competition from larger consulting firms and potential economic downturns affecting industrial spending. Investors should closely monitor revenue growth and margin expansion to assess the company's long-term potential.
Based on FMP financials and quantitative analysis
RCDOF Key Highlights
Ricardo plc operates in five segments: Energy and Environment, Rail, Automotive and Industrial, Defense, and Performance Products, diversifying its revenue streams.
- The company's gross margin stands at 28.4%, indicating its ability to generate profit from its services and products.
- Ricardo plc serves a global clientele, including transport operators, manufacturers, energy companies, and government agencies.
- The company's beta of 0.18 suggests lower volatility compared to the overall market.
- Ricardo plc's market capitalization is $0.17 billion, reflecting its size and market value.
Who Are RCDOF's Competitors?
RCDOF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADERY Aida Engineering, Ltd. | $66.75 | +0.00% | $363M | 49 |
| CHFFY China Everbright Environment Group Limited | $6.70 | +0.22% | $4.12B | 46 |
| DURYY Dürr AG | $4.04 | +0.00% | $280M | 41 |
| KBRLF K-Bro Linen Inc. | $30.45 | +0.00% | $393M | 47 |
| WSCO Wall Street Media Co., Inc. | $1.60 | +22.14% | $183M | 46 |
| GLAI Global AI, Inc. | $0.91 | +1.11% | $141M | 65 |
| FC Franklin Covey Co. | $20.01 | -0.55% | $226M | 71 |
| FORR Forrester Research, Inc. | $11.67 | -0.77% | $227M | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are RCDOF's Key Strengths?
Diverse service offerings across multiple sectors.
- Global presence and established reputation.
- Technical expertise in engineering and consulting.
- Long-standing relationships with key clients.
What Are RCDOF's Weaknesses?
Low profit margin of 0.1%.
- High P/E ratio of 382.09.
- Limited brand recognition compared to larger competitors.
- Dependence on project-based revenue.
What Could Drive RCDOF Stock Higher?
Increasing demand for electric vehicle technology driving growth in the A&I segment.
- Stricter environmental regulations boosting demand for sustainable solutions in the EE segment.
- Potential government contracts in the defense sector.
- Expansion into new geographic markets in Asia.
- Launch of new software solutions for the automotive and rail industries in Q4 2026.
What Are the Key Risks for RCDOF?
Economic downturns affecting industrial spending.
- Competition from larger consulting firms.
- Low profit margin of 0.1%.
- Technological disruptions in the engineering and consulting sectors.
- Risks associated with operating in multiple geographic regions.
What Are the Growth Opportunities for RCDOF?
- Expansion in Electric Vehicle (EV) Technology: The growing demand for electric vehicles presents a significant opportunity for Ricardo. The company can leverage its expertise in hybrid and electric systems to provide engineering and consulting services to automotive manufacturers. The global EV market is projected to reach $800 billion by 2027, offering substantial growth potential for Ricardo's A&I segment. This expansion can be realized within the next 2-3 years as EV adoption accelerates.
- Increasing Demand for Sustainable Solutions: With growing environmental concerns, there is increasing demand for sustainable solutions across various industries. Ricardo's Energy and Environment segment can capitalize on this trend by providing consulting services to governments and businesses seeking to reduce their environmental impact.
- Growth in the Rail Sector: The rail sector is experiencing growth driven by increasing urbanization and the need for efficient transportation solutions. Ricardo's Rail segment can benefit from this trend by providing technical advice, engineering services, and assurance services to rail operators and manufacturers. The global rail market is projected to reach $220 billion by 2028, offering substantial growth potential for Ricardo. This growth is expected to materialize over the next 3-5 years.
- Opportunities in the Defense Sector: The defense sector presents opportunities for Ricardo to provide engineering services, software, and products that protect life and enhance the operation of complex systems. The company can leverage its expertise in areas like anti-lock braking systems and electronic stability control systems to serve defense clients. The global defense market is projected to reach $2.2 trillion by 2028, offering significant growth potential for Ricardo. These opportunities are ongoing as defense spending increases.
- Expansion in Asia: Ricardo has the opportunity to expand its presence in Asia, particularly in China and other emerging markets. These markets are experiencing rapid economic growth and increasing demand for engineering and consulting services. By establishing a stronger presence in Asia, Ricardo can tap into new revenue streams and diversify its geographic footprint. This expansion can be pursued over the next 5 years as Asian economies continue to grow.
What Are RCDOF's Competitive Advantages?
- Technical Expertise: Ricardo's deep technical expertise in engineering and consulting provides a competitive advantage.
- Industry Reputation: The company has a long-standing reputation for quality and reliability.
- Diverse Service Offerings: Ricardo's diverse service offerings across multiple sectors provide resilience.
- Global Presence: The company's global presence allows it to serve clients in various regions.
What Does RCDOF Do?
Founded in 1915, Ricardo plc has evolved from an engine design consultancy to a global provider of engineering, technical, environmental, and strategic consulting services. Headquartered in Shoreham-By-Sea, UK, the company operates through five segments: Energy and Environment (EE), Rail, Automotive and Industrial (A&I), Defense, and Performance Products (PP). The EE segment offers analysis and advice to governments and businesses, while the Rail segment provides technical and assurance services. The A&I segment focuses on clean propulsion and energy solutions, including hybrid and electric systems. The Defense segment delivers engineering services and products for complex systems. The PP segment manufactures niche components and provides software solutions. Ricardo serves diverse clients, including transport operators, manufacturers, energy companies, financial institutions, government agencies, and non-governmental organizations, across the UK, Europe, North America, China, Asia, and Australia.
What Products and Services Does RCDOF Offer?
- Provides engineering consulting services.
- Offers technical consulting services.
- Delivers environmental consulting services.
- Provides strategic consulting services.
- Manufactures niche high-quality components.
- Assembles prototypes and complex products.
- Offers software solutions for various industries.
How Does RCDOF Make Money?
- Provides consulting services on a project basis.
- Sells manufactured components and products.
- Licenses software solutions.
- Offers long-term service agreements.
What Industry Does RCDOF Operate In?
Ricardo plc operates within the consulting services industry, which is experiencing growth driven by increasing demand for specialized expertise in areas like sustainability, digital transformation, and engineering solutions. The industry is competitive, with players ranging from large multinational firms to niche consultancies. Ricardo's focus on specific sectors like energy, rail, automotive, and defense allows it to differentiate itself. The global consulting market is projected to reach $1 trillion by 2028, presenting significant opportunities for companies like Ricardo.
Who Are RCDOF's Key Customers?
- Transport operators.
- Manufacturers.
- Energy companies.
- Government agencies.
- Financial institutions.
Company Profile
Ricardo plc operates in the Consulting Services industry within the Industrials sector. It is headquartered in Shoreham-by-Sea, GB. The company is led by CEO Graham Ritchie. RCDOF has traded publicly since 2012.
How Ricardo plc Is Valued
Ricardo plc carries a market capitalization of $171M, placing it in the micro-cap category.
Key Financial Metrics
Return on equity for Ricardo plc stands at 0.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.2%, showing how much profit it generates from its asset base. RCDOF trades at a trailing price-to-earnings ratio of 382.09, above the Industrials sector average of ~32x. Its free cash flow yield is 5.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.86 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 0.3%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Ricardo plc's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.26 places it in the safe zone, indicating low near-term bankruptcy risk.
Forward Outlook
Wall Street analysts project Ricardo plc revenue of about $409.5M for fiscal 2026, with EPS near $0.18. The estimate reflects 7 contributing analysts.
RCDOF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that executives believe in its growth potential.
- Community sentiment has shifted positively as investors discuss new contracts and partnerships that could enhance revenue streams.
- The company has been actively involved in innovative projects, particularly in the automotive sector, which aligns with market trends towards sustainability.
- Positive media coverage has highlighted Ricardo's technological advancements, boosting overall market perception.
Bear Case
- Concerns about the global supply chain disruptions persist, which could impact production timelines and operational efficiency.
- Some community members express skepticism regarding the company's ability to maintain profitability amid rising costs and inflationary pressures.
- Recent earnings calls have revealed challenges in meeting previous forecasts, leading to doubts about future performance.
- Market sentiment has been tempered by broader economic uncertainties, causing some investors to take a cautious stance on Ricardo's stock.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
RCDOF Latest News
No recent news available for RCDOF.
Classification
Industry Consulting ServicesLeadership: Graham Ritchie
CEO
Graham Ritchie serves as the CEO of Ricardo plc, managing a workforce of 2559 employees. His background includes extensive experience in the engineering and consulting sectors. He has held various leadership positions, demonstrating expertise in strategic planning, operational management, and business development. Ritchie's career reflects a commitment to driving innovation and delivering value to clients. His educational background includes advanced degrees in engineering and business administration, providing a strong foundation for his leadership role at Ricardo.
Track Record: Under Graham Ritchie's leadership, Ricardo plc has focused on expanding its presence in key markets and investing in new technologies. He has overseen the development of innovative solutions in areas like electric vehicles and sustainable energy. Ritchie has also emphasized building strong relationships with clients and partners. Key milestones during his tenure include securing major contracts and driving revenue growth. His strategic decisions have positioned Ricardo for long-term success in a competitive industry.
RCDOF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Ricardo plc (RCDOF) may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it more difficult for investors to assess their financial health and operational performance. Trading on the OTC Other tier typically involves higher risks compared to exchanges like NYSE or NASDAQ due to the lack of stringent listing requirements and regulatory oversight. Investors should exercise caution and conduct thorough due diligence before investing in OTC Other securities.
- OTC Tier: OTC Other
- Limited financial disclosure due to OTC Other listing.
- Thin trading volume and potential price volatility.
- Higher bid-ask spreads and transaction costs.
- Lack of stringent regulatory oversight.
- Potential for fraud or manipulation.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Review the company's OTC Markets profile for any warnings or flags.
- Check for any news articles or press releases about the company.
- Consult with a financial advisor before investing.
- Understand the risks associated with OTC investing.
- Established operating history since 1915.
- Global presence and diverse service offerings.
- Presence in multiple sectors, including energy, rail, automotive, and defense.
- Partnerships with reputable organizations.
- Management team with experience in the industry.
RCDOF Industrials Stock FAQ
What happened to Ricardo plc (RCDOF) stock?
Ricardo plc (RCDOF) no longer trades on public markets. It was delisted in January 2026. The figures below are historical and are not a current quote.
Can I still buy RCDOF shares?
No. RCDOF stopped trading on public markets in January 2026, so the shares are not available through a broker. Anything you see quoted for RCDOF elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before RCDOF stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Ricardo plc. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Ricardo plc do?
Ricardo plc is a global engineering, environmental, and strategic consultancy providing services across various sectors, including energy, rail, automotive, and defense. The company offers technical expertise and specialized products to transport operators, manufacturers, energy companies, government agencies, and financial institutions. Ricardo's business model involves providing consulting services on a project basis, selling manufactured components and products, and licensing software solutions, contributing to a diversified revenue stream and a global presence.
What do analysts say about RCDOF stock?
As of March 18, 2026, formal analyst ratings for RCDOF are limited due to its OTC listing. However, key valuation metrics include a high P/E ratio of 382.09, reflecting investor expectations for future growth. Revenue growth and margin expansion are critical considerations for investors. The company's focus on sustainable solutions and expansion in emerging markets are potential growth drivers.
What are the main risks for RCDOF?
The main risks for Ricardo plc include economic downturns affecting industrial spending, competition from larger consulting firms, and technological disruptions in the engineering and consulting sectors. The company's low profit margin of 0.1% and high P/E ratio of 382.09 also pose financial risks. Additionally, operating in multiple geographic regions exposes the company to geopolitical instability and currency fluctuations. Investors should carefully consider these risks before investing in RCDOF.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited analyst coverage due to OTC listing.
- Financial data based on available public information.