Ready Capital Corporation (RC)

NYSE: RC · IEX Real-Time Price · USD
9.10
+0.17 (1.85%)
Mar 28, 2024, 10:17 AM EDT - Market open

Total Valuation

Ready Capital has a market cap or net worth of $1.57 billion. The enterprise value is $10.56 billion.

Market Cap 1.57B
Enterprise Value 10.56B

Important Dates

The next estimated earnings date is Monday, May 6, 2024, after market close.

Earnings Date May 6, 2024
Ex-Dividend Date Mar 27, 2024

Share Statistics

Ready Capital has 172.56 million shares outstanding. The number of shares has increased by 26.77% in one year.

Shares Outstanding 172.56M
Shares Change (YoY) +26.77%
Shares Change (QoQ) -1.18%
Owned by Insiders (%) 1.06%
Owned by Institutions (%) 58.31%
Float 170.94M

Valuation Ratios

The trailing PE ratio is 4.11 and the forward PE ratio is 7.91.

PE Ratio 4.11
Forward PE 7.91
PS Ratio 2.49
Forward PS 5.03
PB Ratio 0.62
P/FCF Ratio 30.71
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 31.28, with an EV/FCF ratio of 206.59.

EV / Earnings 32.66
EV / Sales 16.75
EV / EBITDA 31.28
EV / EBIT 31.28
EV / FCF 206.59

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 3.61
Debt / EBITDA 27.13
Debt / FCF 179.17
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 13.60% and return on invested capital (ROIC) is 3.01%.

Return on Equity (ROE) 13.60%
Return on Assets (ROA) 2.60%
Return on Capital (ROIC) 3.01%
Revenue Per Employee $1.69M
Profits Per Employee $864,858
Employee Count 374
Asset Turnover 0.05
Inventory Turnover n/a

Taxes

In the past 12 months, Ready Capital has paid $6.23 million in taxes.

Income Tax 6.23M
Effective Tax Rate 1.89%

Stock Price Statistics

The stock price has decreased by -11.50% in the last 52 weeks. The beta is 1.45, so Ready Capital's price volatility has been higher than the market average.

Beta (1Y) 1.45
52-Week Price Change -11.50%
50-Day Moving Average 9.12
200-Day Moving Average 10.23
Relative Strength Index (RSI) 48.33
Average Volume (30 Days) 1,472,065

Short Selling Information

The latest short interest is 9.39 million, so 5.44% of the outstanding shares have been sold short.

Short Interest 9.39M
Short Previous Month 8.24M
Short % of Shares Out 5.44%
Short % of Float 5.50%
Short Ratio (days to cover) 5.80

Income Statement

In the last 12 months, Ready Capital had revenue of $630.58 million and earned $323.46 million in profits. Earnings per share was $2.22.

Revenue 630.58M
Gross Profit 630.58M
Operating Income 358.42M
Pretax Income 337.68M
Net Income 323.46M
EBITDA 337.68M
EBIT 337.68M
Earnings Per Share (EPS) $2.22
Full Income Statement

Balance Sheet

The company has $168.60 million in cash and $9.16 billion in debt, giving a net cash position of -$8.99 billion or -$52.11 per share.

Cash & Cash Equivalents 168.60M
Total Debt 9.16B
Net Cash -8.99B
Net Cash Per Share -$52.11
Equity / Book Value 2.54B
Book Value Per Share 14.72
Working Capital n/a
Full Balance Sheet

Cash Flow

Operating Cash Flow 51.13M
Capital Expenditures n/a
Free Cash Flow 51.13M
FCF Per Share $0.35
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 56.84% and 51.29%.

Gross Margin 100.00%
Operating Margin 56.84%
Pretax Margin 53.55%
Profit Margin 51.29%
EBITDA Margin 53.55%
EBIT Margin 53.55%
FCF Margin 8.11%

Dividends & Yields

This stock pays an annual dividend of $1.20, which amounts to a dividend yield of 13.25%.

Dividend Per Share $1.20
Dividend Yield 13.25%
Dividend Growth (YoY) -32.93%
Years of Dividend Growth n/a
Payout Ratio 54.05%
Buyback Yield -26.77%
Shareholder Yield -13.33%
Earnings Yield 20.60%
FCF Yield 3.26%
Dividend Details

Analyst Forecast

The average price target for Ready Capital is $38.50, which is 324.95% higher than the current price. The consensus rating is "Buy".

Price Target $38.50
Price Target Difference 324.95%
Analyst Consensus Buy
Analyst Count 6
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Altman Z-Score n/a
Piotroski F-Score 4