Critical Analysis: Rigel Resource Acquisition (NYSE:RRAC) vs. KONE Oyj (OTCMKTS:KNYJY)

KONE Oyj (OTCMKTS:KNYJY) and Rigel Resource Acquisition (NYSE:RRAC) are both industrial products companies, but which is the better investment? We will compare the two companies based on the strength of their valuation, institutional ownership, profitability, earnings, dividends, risk and analyst recommendations.

Institutional & Insider Ownership

71.8% of Rigel Resource Acquisition shares are held by institutional investors. 23.4% of Rigel Resource Acquisition shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for KONE Oyj and Rigel Resource Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
KONE Oyj	1	0	0	0	1.00
Rigel Resource Acquisition	0	0	0	0	0.00

Volatility & Risk

KONE Oyj has a beta of 0.69, indicating that its share price is 31% less volatile than the S&P 500. Comparatively, Rigel Resource Acquisition has a beta of -0.01, indicating that its share price is 101% less volatile than the S&P 500.

Earnings and Valuation

This table compares KONE Oyj and Rigel Resource Acquisition”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
KONE Oyj	$11.85 billion	2.16	$1.00 billion	$1.03	23.51
Rigel Resource Acquisition	N/A	N/A	N/A	N/A	N/A

KONE Oyj has higher revenue and earnings than Rigel Resource Acquisition.

Profitability

This table compares KONE Oyj and Rigel Resource Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
KONE Oyj	8.98%	39.77%	11.49%
Rigel Resource Acquisition	N/A	N/A	N/A

Summary

KONE Oyj beats Rigel Resource Acquisition on 6 of the 8 factors compared between the two stocks.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. Further, it provides people flow planning and consulting services; solutions for special buildings and large projects; cybersecurity solutions; and energy solutions for greener buildings. KONE Oyj was founded in 1908 and is based in Espoo, Finland.

About Rigel Resource Acquisition

Rigel Resource Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies primarily in the mining industry. The company was incorporated in 2021 and is based in New York, New York.