Stock RC READY CAPITAL CORPORATION
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Financials Ready Capital Corporation

Equities

RC

US75574U1016

Specialized REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-06-07 pm EDT 		5-day change 1st Jan Change
8.32 USD -1.65% Intraday chart for Ready Capital Corporation +0.24% -18.83%
May. 13 Wedbush Adjusts Price Target on Ready Capital to $9 From $9.50, Maintains Neutral Rating MT
May. 10 Ladenburg Thalmann Downgrades Ready Capital to Neutral From Buy MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 787.9 678.1 1,150 1,231 1,764 1,405 - -
Enterprise Value (EV) 1 787.9 678.1 1,150 1,231 1,764 1,405 1,405 1,405
P/E ratio 8.97 x 15.4 x 7.2 x 6.71 x 4.62 x 65.6 x 7.94 x 6.2 x
Yield 10.4% 10.4% 10.6% 14.9% 14.2% 14.2% 14.3% 14.4%
Capitalization / Revenue 3.43 x 2.62 x 2.85 x 1.83 x 1.87 x 1.5 x 1.38 x -
EV / Revenue 3.43 x 2.62 x 2.85 x 1.83 x 1.87 x 1.5 x 1.38 x -
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.96 x 0.85 x 0.93 x 0.73 x 0.73 x 0.63 x 0.64 x 0.61 x
Nbr of stocks (in thousands) 51,098 54,467 73,594 110,513 172,125 168,874 - -
Reference price 2 15.42 12.45 15.63 11.14 10.25 8.320 8.320 8.320
Announcement Date 3/11/20 3/11/21 2/24/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 229.9 258.6 403.5 671.2 945.8 934 1,021 -
EBITDA - - - - - - - -
EBIT 78.04 83.16 189.9 - - - - -
Operating Margin 33.94% 32.15% 47.07% - - - - -
Earnings before Tax (EBT) 1 64.5 54.45 189.1 232.9 358.4 11.18 192.1 -
Net income 1 72.97 44.87 150.2 186.3 331.5 30.64 183.3 226.2
Net margin 31.74% 17.35% 37.23% 27.75% 35.04% 3.28% 17.94% -
EPS 2 1.720 0.8100 2.170 1.660 2.220 0.1268 1.047 1.343
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.600 1.300 1.660 1.660 1.460 1.179 1.186 1.200
Announcement Date 3/11/20 3/11/21 2/24/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 121.9 124.4 153.7 186 207.1 217.6 232.9 250.6 250.1 232.4 232.5 233.7 235.6 249 254.7
EBITDA - - - - - - - - - - - - - - -
EBIT 64.69 63.39 72.84 - - - 60.35 - - - - - - - -
Operating Margin 53.05% 50.95% 47.4% - - - 25.91% - - - - - - - -
Earnings before Tax (EBT) 1 60.46 82.11 69.28 71.03 10.47 37.37 258.5 51.21 25.81 -105.8 35.06 42.09 45.48 52.84 54
Net income 1 51.22 61.49 54.09 61.23 9.455 33.14 246.9 43.66 7.764 -76.28 32.83 39.38 42.76 48.84 49.92
Net margin 42% 49.43% 35.2% 32.92% 4.57% 15.23% 106.01% 17.42% 3.1% -32.83% 14.12% 16.85% 18.15% 19.61% 19.6%
EPS 2 0.6800 0.6600 0.4500 0.5000 0.0900 0.2900 1.760 0.2500 0.0400 -0.4400 0.1850 0.2265 0.2499 0.2864 0.2949
Dividend per Share 2 0.4200 0.4200 0.4200 0.4200 0.4000 0.4000 0.4000 0.3600 0.3000 - 0.2929 0.2929 0.2929 0.3000 0.3000
Announcement Date 2/24/22 5/5/22 8/4/22 11/7/22 2/27/23 5/8/23 8/7/23 11/7/23 2/27/24 5/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.4% 11.9% 14.4% 13.1% 8.04% 8.5% 9.7% 10.1%
ROA (Net income/ Total Assets) - 1.89% 2.02% 1.89% 1.45% 1.68% 1.74% -
Assets 1 - 2,378 7,453 9,837 22,859 1,824 10,532 -
Book Value Per Share 2 16.10 14.70 16.80 15.20 14.10 13.20 13.10 13.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/11/20 3/11/21 2/24/22 2/27/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Ready Capital Corporation

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
8.32 USD
Average target price
9.833 USD
Spread / Average Target
+18.19%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Mortgage REITs

1st Jan change Capi.
READY CAPITAL CORPORATION Stock Ready Capital Corporation
-18.83% 1.41B
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Mortgage REITs
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  4. Financials Ready Capital Corporation