RC Ready Capital Corp

Price (delayed)

$8.41

Market cap

$1.42B

P/E Ratio

5.26

Dividend/share

$1.1

EPS

$1.6

Enterprise value

$10.12B

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial ...

Highlights
The debt is down by 4.5% year-on-year and by 2.5% since the previous quarter
Ready Capital's revenue has increased by 47% YoY but it has decreased by 21% QoQ
Ready Capital's gross profit has increased by 47% YoY but it has decreased by 21% QoQ

Key stats

What are the main financial stats of RC
Market
Shares outstanding
168.87M
Market cap
$1.42B
Enterprise value
$10.12B
Valuations
Price to book (P/B)
0.6
Price to sales (P/S)
2.92
EV/EBIT
51.09
EV/EBITDA
51.09
EV/Sales
20.45
Earnings
Revenue
$495.04M
EBIT
$198.13M
EBITDA
$198.13M
Free cash flow
$75.49M
Per share
EPS
$1.6
Free cash flow per share
$0.44
Book value per share
$13.92
Revenue per share
$2.88
TBVPS
$69.41
Balance sheet
Total assets
$12.04B
Total liabilities
$9.54B
Debt
$8.89B
Equity
$2.4B
Working capital
N/A
Liquidity
Debt to equity
3.7
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
43.93
Margins
EBITDA margin
40%
Gross margin
100%
Net margin
44.9%
Operating margin
43.5%
Efficiency
Return on assets
1.7%
Return on equity
8.4%
Return on invested capital
0.9%
Return on capital employed
N/A
Return on sales
40%
Dividend
Dividend yield
13.08%
DPS
$1.1
Payout ratio
68.8%

RC stock price

How has the Ready Capital stock price performed over time
Intraday
0.12%
1 week
1.45%
1 month
-1.98%
1 year
-24.3%
YTD
-17.95%
QTD
-7.89%

Financial performance

How have Ready Capital's revenue and profit performed over time
Revenue
$495.04M
Gross profit
$495.04M
Operating income
$215.26M
Net income
$222.03M
Gross margin
100%
Net margin
44.9%
Ready Capital's operating income has soared by 63% YoY but it has decreased by 40% from the previous quarter
Ready Capital's revenue has increased by 47% YoY but it has decreased by 21% QoQ
Ready Capital's gross profit has increased by 47% YoY but it has decreased by 21% QoQ
The net income is up by 41% year-on-year but it is down by 33% since the previous quarter

Growth

What is Ready Capital's growth rate over time

Valuation

What is Ready Capital stock price valuation
P/E
5.26
P/B
0.6
P/S
2.92
EV/EBIT
51.09
EV/EBITDA
51.09
EV/Sales
20.45
RC's price to earnings (P/E) is 37% lower than its 5-year quarterly average of 8.4 but 14% higher than its last 4 quarters average of 4.6
The EPS has declined by 29% since the previous quarter but it rose by 17% year-on-year
The equity is up by 35% year-on-year but it has declined by 5% since the previous quarter
The P/B is 14% below the 5-year quarterly average of 0.7
Ready Capital's revenue has increased by 47% YoY but it has decreased by 21% QoQ
RC's P/S is 8% above its 5-year quarterly average of 2.7

Efficiency

How efficient is Ready Capital business performance
Ready Capital's return on invested capital has decreased by 44% QoQ but it has increased by 13% YoY
RC's ROE is down by 38% QoQ but it is up by 2.4% YoY
The ROA has contracted by 35% from the previous quarter but it has grown by 31% YoY
The return on sales has declined by 25% since the previous quarter and by 21% year-on-year

Dividends

What is RC's dividend history
DPS
$1.1
Dividend yield
13.08%
Payout ratio
68.8%
Recent dividends

Financial health

How did Ready Capital financials performed over time
The total assets is 26% greater than the total liabilities
The total assets has increased by 4.4% year-on-year but it has declined by 3.2% since the previous quarter
RC's total liabilities is down by 2.6% since the previous quarter
The equity is up by 35% year-on-year but it has declined by 5% since the previous quarter
Ready Capital's debt to equity has decreased by 29% YoY but it has increased by 3.1% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.