Ready Capital Corporation (RC)
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 |
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 |
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 |
Cash Flow
Operating Cash Flow | 51.13M |
Capital Expenditures | n/a |
Free Cash Flow | 51.13M |
FCF Per Share | $0.35 |
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% |
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 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 |