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RC Ready Capital Corp

Price (delayed)

$7.39

Market cap

$1.25B

P/E Ratio

N/A

Dividend/share

$1.15

EPS

-$0.82

Enterprise value

$9.13B

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 17% year-on-year and by 7% since the previous quarter
The net income has dropped by 135% year-on-year and by 87% since the previous quarter
The EPS has dropped by 133% year-on-year and by 64% since the previous quarter

Key stats

What are the main financial stats of RC
Market
Shares outstanding
168.53M
Market cap
$1.25B
Enterprise value
$9.13B
Valuations
Price to book (P/B)
0.56
Price to sales (P/S)
11.15
EV/EBIT
N/A
EV/EBITDA
N/A
EV/Sales
81.83
Earnings
Revenue
$111.53M
Gross profit
$111.53M
Net income
-$117.85M
EBIT
-$208.76M
EBITDA
-$208.76M
Free cash flow
$216M
Per share
EPS
-$0.82
EPS diluted
-$0.82
Free cash flow per share
$1.28
Book value per share
$13.28
Revenue per share
$0.66
TBVPS
$66.09
Balance sheet
Total assets
$11.25B
Total liabilities
$8.91B
Debt
$8.09B
Equity
$2.23B
Working capital
N/A
Liquidity
Debt to equity
3.62
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-37.75
Margins
EBITDA margin
-187.2%
Gross margin
100%
Net margin
-105.7%
Operating margin
-125.1%
Efficiency
Return on assets
-1.1%
Return on equity
-5.3%
Return on invested capital
-1%
Return on capital employed
N/A
Return on sales
-187.2%
Dividend
Dividend yield
15.56%
DPS
$1.15
Payout ratio
N/A

RC stock price

How has the Ready Capital stock price performed over time
Intraday
1.65%
1 week
-1.34%
1 month
0%
1 year
-32.39%
YTD
-27.9%
QTD
-3.15%

Financial performance

How have Ready Capital's revenue and profit performed over time
Revenue
$111.53M
Gross profit
$111.53M
Operating income
-$139.51M
Net income
-$117.85M
Gross margin
100%
Net margin
-105.7%
The net margin has dropped by 169% year-on-year
Ready Capital's operating income has plunged by 143% from the previous quarter
The net income has dropped by 135% year-on-year and by 87% since the previous quarter
Ready Capital's revenue has decreased by 49% YoY and by 41% QoQ

Growth

What is Ready Capital's growth rate over time

Valuation

What is Ready Capital stock price valuation
P/E
N/A
P/B
0.56
P/S
11.15
EV/EBIT
N/A
EV/EBITDA
N/A
EV/Sales
81.83
The EPS has dropped by 133% year-on-year and by 64% since the previous quarter
The P/B is 20% below the 5-year quarterly average of 0.7 and 7% below the last 4 quarters average of 0.6
The equity has declined by 14% year-on-year and by 2.6% since the previous quarter
RC's P/S is 179% above its 5-year quarterly average of 4.0 and 47% above its last 4 quarters average of 7.6
Ready Capital's revenue has decreased by 49% YoY and by 41% QoQ

Efficiency

How efficient is Ready Capital business performance
Ready Capital's return on invested capital has shrunk by 163% YoY and by 43% QoQ
The return on sales has dropped by 150% since the previous quarter
The ROA has plunged by 141% YoY and by 83% from the previous quarter
RC's ROE has shrunk by 136% YoY and by 83% QoQ

Dividends

What is RC's dividend history
DPS
$1.15
Dividend yield
15.56%
Payout ratio
N/A
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Ready Capital financials performed over time
The total assets is 26% greater than the total liabilities
The total assets has declined by 12% year-on-year and by 4.4% since the previous quarter
RC's total liabilities is down by 12% year-on-year and by 4.9% since the previous quarter
The debt is down by 17% year-on-year and by 7% since the previous quarter
The equity has declined by 14% year-on-year and by 2.6% since the previous quarter

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