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READY CAPITAL CORP - RC 9 12/15/29 (RCD) Stock Fundamental Analysis

NYSE:RCD - New York Stock Exchange, Inc. - US75574U8383 - Currency: USD

24.1  0 (0%)

Fundamental Rating

4

Taking everything into account, RCD scores 4 out of 10 in our fundamental rating. RCD was compared to 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While RCD seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, RCD is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year RCD has reported negative net income.
RCD had a positive operating cash flow in the past year.
RCD had positive earnings in 4 of the past 5 years.
RCD had a positive operating cash flow in 4 of the past 5 years.
RCD Yearly Net Income VS EBIT VS OCF VS FCFRCD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

RCD's Return On Assets of -3.00% is on the low side compared to the rest of the industry. RCD is outperformed by 82.09% of its industry peers.
RCD's Return On Equity of -15.33% is on the low side compared to the rest of the industry. RCD is outperformed by 79.10% of its industry peers.
Industry RankSector Rank
ROA -3%
ROE -15.33%
ROIC N/A
ROA(3y)-0.12%
ROA(5y)0.39%
ROE(3y)-0.69%
ROE(5y)2.85%
ROIC(3y)N/A
ROIC(5y)N/A
RCD Yearly ROA, ROE, ROICRCD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

With a Gross Margin value of 6.99%, RCD is not doing good in the industry: 82.09% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of RCD has declined.
The Profit Margin and Operating Margin are not available for RCD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 6.99%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-50.56%
GM growth 5Y-31.49%
RCD Yearly Profit, Operating, Gross MarginsRCD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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5

2. Health

2.1 Basic Checks

RCD does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, RCD has less shares outstanding
Compared to 5 years ago, RCD has more shares outstanding
RCD has a worse debt/assets ratio than last year.
RCD Yearly Shares OutstandingRCD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
RCD Yearly Total Debt VS Total AssetsRCD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 0.22, we must say that RCD is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.22, RCD is doing good in the industry, outperforming 77.61% of the companies in the same industry.
The Debt to FCF ratio of RCD is 21.30, which is on the high side as it means it would take RCD, 21.30 years of fcf income to pay off all of its debts.
RCD's Debt to FCF ratio of 21.30 is amongst the best of the industry. RCD outperforms 94.03% of its industry peers.
RCD has a Debt/Equity ratio of 3.87. This is a high value indicating a heavy dependency on external financing.
RCD's Debt to Equity ratio of 3.87 is fine compared to the rest of the industry. RCD outperforms 62.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.87
Debt/FCF 21.3
Altman-Z 0.22
ROIC/WACCN/A
WACC7.22%
RCD Yearly LT Debt VS Equity VS FCFRCD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

RCD has a Current Ratio of 1.09. This is a normal value and indicates that RCD is financially healthy and should not expect problems in meeting its short term obligations.
RCD has a Current ratio of 1.09. This is in the better half of the industry: RCD outperforms 77.61% of its industry peers.
A Quick Ratio of 1.09 indicates that RCD should not have too much problems paying its short term obligations.
The Quick ratio of RCD (1.09) is better than 77.61% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
RCD Yearly Current Assets VS Current LiabilitesRCD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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6

3. Growth

3.1 Past

The earnings per share for RCD have decreased strongly by -160.00% in the last year.
RCD shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -49.62% yearly.
The Revenue for RCD has decreased by -21.55% in the past year. This is quite bad
The Revenue has been growing by 20.46% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-160%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-300%
Revenue 1Y (TTM)-21.55%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-66.84%

3.2 Future

Based on estimates for the next years, RCD will show a very strong growth in Earnings Per Share. The EPS will grow by 111.61% on average per year.
RCD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.16% yearly.
EPS Next Y346.34%
EPS Next 2Y188.54%
EPS Next 3Y111.61%
EPS Next 5YN/A
Revenue Next Year-11.87%
Revenue Next 2Y15.16%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
RCD Yearly Revenue VS EstimatesRCD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
RCD Yearly EPS VS EstimatesRCD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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3

4. Valuation

4.1 Price/Earnings Ratio

RCD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 57.90, which means the current valuation is very expensive for RCD.
Based on the Price/Forward Earnings ratio, RCD is valued expensively inside the industry as 85.07% of the companies are valued cheaper.
RCD's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 35.24.
Industry RankSector Rank
PE N/A
Fwd PE 57.9
RCD Price Earnings VS Forward Price EarningsRCD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of RCD indicates a somewhat cheap valuation: RCD is cheaper than 64.18% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.61
EV/EBITDA N/A
RCD Per share dataRCD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

RCD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as RCD's earnings are expected to grow with 111.61% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y188.54%
EPS Next 3Y111.61%

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4

5. Dividend

5.1 Amount

RCD has a Yearly Dividend Yield of 5.84%, which is a nice return.
With a Dividend Yield of 5.84, RCD pays less dividend than the industry average, which is at 10.69. 95.52% of the companies listed in the same industry pay a better dividend than RCD!
RCD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 5.84%

5.2 History

The dividend of RCD decreases each year by -4.21%.
RCD has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-4.21%
Div Incr Years0
Div Non Decr Years0
RCD Yearly Dividends per shareRCD Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

The earnings of RCD are negative and hence is the payout ratio. RCD will probably not be able to sustain this dividend level.
DP-65.45%
EPS Next 2Y188.54%
EPS Next 3Y111.61%
RCD Yearly Income VS Free CF VS DividendRCD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

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READY CAPITAL CORP - RC 9 12/15/29

NYSE:RCD (8/19/2025, 2:02:05 PM)

24.1

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners64.08%
Inst Owner Change-11.22%
Ins Owners1.09%
Ins Owner ChangeN/A
Market Cap4.11B
Analysts47.5
Price Target29.66 (23.07%)
Short Float %0%
Short Ratio0.05
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend1.23
Dividend Growth(5Y)-4.21%
DP-65.45%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-144.31%
Min EPS beat(2)-174.36%
Max EPS beat(2)-114.25%
EPS beat(4)0
Avg EPS beat(4)-145.01%
Min EPS beat(4)-219.49%
Max EPS beat(4)-71.94%
EPS beat(8)1
Avg EPS beat(8)-78.3%
EPS beat(12)1
Avg EPS beat(12)-55.58%
EPS beat(16)4
Avg EPS beat(16)-37.52%
Revenue beat(2)0
Avg Revenue beat(2)-43.72%
Min Revenue beat(2)-73.9%
Max Revenue beat(2)-13.55%
Revenue beat(4)0
Avg Revenue beat(4)-31.99%
Min Revenue beat(4)-73.9%
Max Revenue beat(4)-10.88%
Revenue beat(8)4
Avg Revenue beat(8)70.02%
Revenue beat(12)8
Avg Revenue beat(12)100.61%
Revenue beat(16)12
Avg Revenue beat(16)120.17%
PT rev (1m)14.2%
PT rev (3m)3.23%
EPS NQ rev (1m)-49.98%
EPS NQ rev (3m)-89.47%
EPS NY rev (1m)0%
EPS NY rev (3m)-62.75%
Revenue NQ rev (1m)12.83%
Revenue NQ rev (3m)-10.15%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-14.32%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 57.9
P/S 5.22
P/FCF 11.61
P/OCF 11.58
P/B 2.11
P/tB 2.21
EV/EBITDA N/A
EPS(TTM)-0.54
EYN/A
EPS(NY)0.42
Fwd EY1.73%
FCF(TTM)2.08
FCFY8.62%
OCF(TTM)2.08
OCFY8.64%
SpS4.62
BVpS11.44
TBVpS10.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3%
ROE -15.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 6.99%
FCFM 44.95%
ROA(3y)-0.12%
ROA(5y)0.39%
ROE(3y)-0.69%
ROE(5y)2.85%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-50.56%
GM growth 5Y-31.49%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 3.87
Debt/FCF 21.3
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z 0.22
F-Score5
WACC7.22%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.94%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-160%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-300%
EPS Next Y346.34%
EPS Next 2Y188.54%
EPS Next 3Y111.61%
EPS Next 5YN/A
Revenue 1Y (TTM)-21.55%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-66.84%
Revenue Next Year-11.87%
Revenue Next 2Y15.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-533.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.32%
OCF growth 3YN/A
OCF growth 5YN/A