Company Valuation: Ready Capital Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,150 1,231 1,764 1,149 353.4 219.7 - -
Change - 7.03% 43.31% -34.85% -69.25% -37.84% - -
Enterprise Value (EV) 1 1,150 1,231 1,764 1,149 5,485 3,178 3,433 219.7
Change - 7.03% 43.31% -34.85% 377.17% -42.06% 8.04% -93.6%
P/E 7.2x 6.71x 4.62x -2.59x -1.51x -0.51x -1.14x 25.2x
PBR 0.93x 0.73x 0.73x 0.64x 0.25x 0.22x 0.25x 0.21x
PEG - -0.3x 0.1x 0x 0x -0x 0x -0x
Capitalization / Revenue 2.85x 1.83x 1.87x 1.28x 0.62x 0.63x 0.67x -
EV / Revenue 2.85x 1.83x 1.87x 1.28x 9.64x 9.1x 10.4x -
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.66 1.66 1.46 1.1 0.385 0.04 0.04 0.04
Rate of return 10.6% 14.9% 14.2% 16.1% 17.7% 3.01% 3.01% 3.01%
EPS 2 2.17 1.66 2.22 -2.63 -1.44 -2.586 -1.162 0.0528
Distribution rate 76.5% 100% 65.8% -41.8% -26.7% -1.55% -3.44% 75.8%
Net sales 1 403.5 671.2 945.8 897 569.2 349.2 328.8 -
EBITDA - - - - - - - -
EBIT 189.9 - - - - - - -
Net income 1 150.2 186.3 331.5 -443.8 -236.9 -418.9 -120.8 8.717
Net Debt 1 - - - - 5,131 2,958 3,214 -
Reference price 2 15.630 11.140 10.250 6.820 2.180 1.330 1.330 1.330
Nbr of stocks (in thousands) 73,594 110,513 172,125 168,531 162,126 165,191 - -
Announcement Date 2/24/22 A 2/27/23 A 2/27/24 A 3/3/25 A 2/26/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-0.51x9.1x - 3.01% 220M
6.92x65.57x17.81x14.29% 15.53B
9.21x73.11x52.39x14.97% 11.4B
18.95x10.19x13.79x13.37% 5.32B
9.98x - - 10.95% 5.1B
9.82x - - 17.99% 2.81B
-80.65x49.08x - 14.56% 2.13B
7.98x - - 20.43% 2B
5.85x - - 12.62% 1.59B
20.87x24.03x - 10.13% 1.15B
Average 0.84x 38.51x 28.00x 13.23% 4.73B
Weighted average by Cap. 5.69x 57.07x 29.38x 14.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. RC Stock
  4. Valuation Ready Capital Corporation