RC Ready Capital Corp

Price (delayed)

$9.13

Market cap

$1.58B

P/E Ratio

4.06

Dividend/share

$1.1

EPS

$2.25

Enterprise value

$10.57B

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 net income has soared by 78% year-on-year
Ready Capital's revenue has surged by 61% YoY and by 14% QoQ
The equity is up by 42% year-on-year but it has declined by 2% since the previous quarter
The EPS rose by 30% year-on-year but it has declined by 10% since the previous quarter

Key stats

What are the main financial stats of RC
Market
Shares outstanding
172.55M
Market cap
$1.58B
Enterprise value
$10.57B
Valuations
Price to book (P/B)
0.62
Price to sales (P/S)
2.13
EV/EBIT
31.3
EV/EBITDA
31.3
EV/Sales
16.76
Earnings
Revenue
$630.58M
EBIT
$337.68M
EBITDA
$337.68M
Free cash flow
$51.13M
Per share
EPS
$2.25
Free cash flow per share
$0.35
Book value per share
$14.76
Revenue per share
$4.29
TBVPS
$84.03
Balance sheet
Total assets
$12.44B
Total liabilities
$9.79B
Debt
$9.16B
Equity
$2.54B
Working capital
N/A
Liquidity
Debt to equity
3.61
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
26.63
Margins
EBITDA margin
53.6%
Gross margin
100%
Net margin
52.6%
Operating margin
56.8%
Efficiency
Return on assets
2.6%
Return on equity
13.6%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
53.6%
Dividend
Dividend yield
12.05%
DPS
$1.1
Payout ratio
48.9%

RC stock price

How has the Ready Capital stock price performed over time
Intraday
2.24%
1 week
-0.54%
1 month
7.54%
1 year
-8.43%
YTD
-10.93%
QTD
-10.93%

Financial performance

How have Ready Capital's revenue and profit performed over time
Revenue
$630.58M
Gross profit
$630.58M
Operating income
$358.42M
Net income
$331.45M
Gross margin
100%
Net margin
52.6%
Ready Capital's operating income has soared by 105% YoY and by 20% from the previous quarter
The net income has soared by 78% year-on-year
Ready Capital's revenue has surged by 61% YoY and by 14% QoQ
Ready Capital's gross profit has surged by 61% YoY and by 14% QoQ

Growth

What is Ready Capital's growth rate over time

Valuation

What is Ready Capital stock price valuation
P/E
4.06
P/B
0.62
P/S
2.13
EV/EBIT
31.3
EV/EBITDA
31.3
EV/Sales
16.76
RC's price to earnings (P/E) is 52% lower than its 5-year quarterly average of 8.4 and 19% lower than its last 4 quarters average of 5.0
The EPS rose by 30% year-on-year but it has declined by 10% since the previous quarter
The equity is up by 42% year-on-year but it has declined by 2% since the previous quarter
The P/B is 11% below the 5-year quarterly average of 0.7 but 3.3% above the last 4 quarters average of 0.6
Ready Capital's revenue has surged by 61% YoY and by 14% QoQ
RC's P/S is 24% below its last 4 quarters average of 2.8 and 18% below its 5-year quarterly average of 2.6

Efficiency

How efficient is Ready Capital business performance
The ROA has soared by 73% YoY but it has contracted by 3.7% from the previous quarter
Ready Capital's return on invested capital has surged by 60% YoY
RC's ROE is up by 40% YoY but it is down by 8% QoQ
The return on sales has declined by 13% since the previous quarter and by 2.9% year-on-year

Dividends

What is RC's dividend history
DPS
$1.1
Dividend yield
12.05%
Payout ratio
48.9%
Recent dividends

Financial health

How did Ready Capital financials performed over time
The total assets is 27% greater than the total liabilities
The total assets has increased by 7% year-on-year but it has declined by 2.8% since the previous quarter
RC's total liabilities is down by 3% since the previous quarter
The equity is up by 42% year-on-year but it has declined by 2% since the previous quarter
Ready Capital's debt to equity has decreased by 29% YoY and by 3.7% QoQ

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