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

USA - NYSE:RCD - US75574U8383

24.02 USD
-0.25 (-1.03%)
Last: 10/3/2025, 10:18:31 AM
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. RCD is valied quite expensively at the moment, while it does show a decent growth rate.


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.
Of the past 5 years RCD 4 years had a positive operating cash flow.
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 has a Return On Assets of -3.42%. This is amonst the worse of the industry: RCD underperforms 83.58% of its industry peers.
The Return On Equity of RCD (-17.34%) is worse than 80.60% of its industry peers.
Industry RankSector Rank
ROA -3.42%
ROE -17.34%
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

RCD has a Gross Margin of 8.53%. This is in the lower half of the industry: RCD underperforms 77.61% of its industry peers.
RCD's Gross Margin has declined in the last couple of years.
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 8.53%
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.
The number of shares outstanding for RCD has been reduced compared to 1 year ago.
The number of shares outstanding for RCD has been increased compared to 5 years ago.
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 0.20, we must say that RCD is in the distress zone and has some risk of bankruptcy.
RCD's Altman-Z score of 0.20 is fine compared to the rest of the industry. RCD outperforms 76.12% of its industry peers.
The Debt to FCF ratio of RCD is 25.14, which is on the high side as it means it would take RCD, 25.14 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 25.14, RCD belongs to the best of the industry, outperforming 89.55% of the companies in the same industry.
RCD has a Debt/Equity ratio of 3.89. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.89, RCD is in the better half of the industry, outperforming 64.18% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.89
Debt/FCF 25.14
Altman-Z 0.2
ROIC/WACCN/A
WACC7.13%
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 1.05. This is a normal value and indicates that RCD is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.05, RCD is doing good in the industry, outperforming 73.13% of the companies in the same industry.
A Quick Ratio of 1.05 indicates that RCD should not have too much problems paying its short term obligations.
RCD has a better Quick ratio (1.05) than 73.13% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1.05
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.
Measured over the past years, RCD shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -49.62% on average per year.
RCD shows a decrease in Revenue. In the last year, the revenue decreased by -6.28%.
Measured over the past years, RCD shows a very strong growth in Revenue. The Revenue has been growing by 20.46% on average per year.
EPS 1Y (TTM)-160%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-300%
Revenue 1Y (TTM)-6.28%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-66.84%

3.2 Future

RCD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 87.50% yearly.
RCD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.20% yearly.
EPS Next Y-755.08%
EPS Next 2Y33.1%
EPS Next 3Y87.5%
EPS Next 5YN/A
Revenue Next Year-25.18%
Revenue Next 2Y14.2%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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 0.5 1 1.5 2

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2

4. Valuation

4.1 Price/Earnings Ratio

RCD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 271.17 indicates a quite expensive valuation of RCD.
Based on the Price/Forward Earnings ratio, RCD is valued more expensive than 85.07% of the companies in the same industry.
RCD's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.29.
Industry RankSector Rank
PE N/A
Fwd PE 271.17
RCD Price Earnings VS Forward Price EarningsRCD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 200

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 62.69% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.9
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 earnings are expected to grow with 87.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.1%
EPS Next 3Y87.5%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 10.42%, RCD is a good candidate for dividend investing.
RCD's Dividend Yield is comparable with the industry average which is at 11.22.
Compared to an average S&P500 Dividend Yield of 2.41, RCD pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.42%

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

RCD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-52.39%
EPS Next 2Y33.1%
EPS Next 3Y87.5%
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 (10/3/2025, 10:18:31 AM)

24.02

-0.25 (-1.03%)

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 Owners68.01%
Inst Owner Change-11.22%
Ins Owners8.2%
Ins Owner ChangeN/A
Market Cap3.95B
Analysts47.5
Price Target25.67 (6.87%)
Short Float %0%
Short Ratio0.28
Dividend
Industry RankSector Rank
Dividend Yield 10.42%
Yearly Dividend1.23
Dividend Growth(5Y)-4.21%
DP-52.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-612.77%
Min EPS beat(2)-1051.17%
Max EPS beat(2)-174.36%
EPS beat(4)0
Avg EPS beat(4)-389.82%
Min EPS beat(4)-1051.17%
Max EPS beat(4)-114.25%
EPS beat(8)1
Avg EPS beat(8)-208.67%
EPS beat(12)1
Avg EPS beat(12)-142.88%
EPS beat(16)3
Avg EPS beat(16)-104%
Revenue beat(2)0
Avg Revenue beat(2)-69.49%
Min Revenue beat(2)-73.9%
Max Revenue beat(2)-65.08%
Revenue beat(4)0
Avg Revenue beat(4)-40.85%
Min Revenue beat(4)-73.9%
Max Revenue beat(4)-10.88%
Revenue beat(8)3
Avg Revenue beat(8)40.56%
Revenue beat(12)7
Avg Revenue beat(12)87.07%
Revenue beat(16)11
Avg Revenue beat(16)99.7%
PT rev (1m)-9.64%
PT rev (3m)-1.14%
EPS NQ rev (1m)-340.21%
EPS NQ rev (3m)-176.23%
EPS NY rev (1m)-1372%
EPS NY rev (3m)-246.77%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)-14.43%
Revenue NY rev (3m)-15.34%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 271.17
P/S 5.25
P/FCF 13.9
P/OCF 13.87
P/B 2.15
P/tB 2.26
EV/EBITDA N/A
EPS(TTM)-0.54
EYN/A
EPS(NY)0.09
Fwd EY0.37%
FCF(TTM)1.73
FCFY7.19%
OCF(TTM)1.73
OCFY7.21%
SpS4.58
BVpS11.17
TBVpS10.64
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.42%
ROE -17.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.53%
FCFM 37.75%
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 3.89
Debt/FCF 25.14
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.05
Quick Ratio 1.05
Altman-Z 0.2
F-Score5
WACC7.13%
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 Y-755.08%
EPS Next 2Y33.1%
EPS Next 3Y87.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.28%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-66.84%
Revenue Next Year-25.18%
Revenue Next 2Y14.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-189.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-6.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.24%
OCF growth 3YN/A
OCF growth 5YN/A