RJD Green, Inc. (RJDG)

RJD Green is about as small as it gets. We’re talking a $2.2M market cap, 4.3x LTM earnings, and 0.56x book value.

The company operates as a holding company with three parts: a specialty construction unit, a healthcare software division, and an environmental segment.

The core business is Silex Holdings, which manufactures and installs countertops, cabinets, and related products for residential and commercial construction markets. It runs fabrication and distribution out of Oklahoma and serves builders, contractors, and remodelers.

It’s an unusual setup, but the business itself is real and growing. Revenue reached $6.86M in fiscal 2025, up from $5.72M the year before.

Net income came in at $480k, which was lower than the $894k earned the prior year, but earnings here tend to move around depending on project timing. The profitability track record over recent years is consistent.

It’s cheap on earnings, but the balance sheet makes it even more interesting.

Shareholders’ equity has grown at a 39% CAGR over the past four years. The company holds $1.3M in cash, carries little debt, and trades below NCAV plus investments.

Now, the risks.

Construction is cyclical by nature, large contracts can distort reported results, and management has historically gone after acquisitions, which brings a whole other set of things to think about. The share count is also quite large, which isn’t ideal, and disclosure quality is limited.

But at the end of the day, this is a profitable operating business trading at deep asset value with meaningful cash relative to its size.