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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

23.4816  +0.08 (+0.35%)

Fundamental Rating

3

RCD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. RCD may be in some trouble as it scores bad on both profitability and health. RCD is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

RCD had negative earnings in the past year.
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

The Return On Assets of RCD (-4.47%) is worse than 84.62% of its industry peers.
With a Return On Equity value of -24.53%, RCD is not doing good in the industry: 93.85% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -4.47%
ROE -24.53%
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 5.42%. This is amonst the worse of the industry: RCD underperforms 90.77% 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 5.42%
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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3

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
The number of shares outstanding for RCD has been increased compared to 5 years ago.
The debt/assets ratio for RCD is higher compared to a year ago.
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 0.04, we must say that RCD is in the distress zone and has some risk of bankruptcy.
RCD has a Altman-Z score of 0.04. This is in the better half of the industry: RCD outperforms 63.08% of its industry peers.
RCD has a debt to FCF ratio of 29.34. This is a negative value and a sign of low solvency as RCD would need 29.34 years to pay back of all of its debts.
RCD has a better Debt to FCF ratio (29.34) than 75.38% of its industry peers.
A Debt/Equity ratio of 3.97 is on the high side and indicates that RCD has dependencies on debt financing.
The Debt to Equity ratio of RCD (3.97) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 3.97
Debt/FCF 29.34
Altman-Z 0.04
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 0.18. This is a bad value and indicates that RCD is not financially healthy enough and could expect problems in meeting its short term obligations.
RCD's Current ratio of 0.18 is in line compared to the rest of the industry. RCD outperforms 49.23% of its industry peers.
RCD has a Quick Ratio of 0.18. This is a bad value and indicates that RCD is not financially healthy enough and could expect problems in meeting its short term obligations.
RCD has a Quick ratio (0.18) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.18
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

RCD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -127.97%.
RCD shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -49.62% yearly.
RCD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.55%.
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)-127.97%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-131.03%
Revenue 1Y (TTM)-21.55%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-85.78%

3.2 Future

The Earnings Per Share is expected to grow by 136.24% on average over the next years. This is a very strong growth
RCD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.68% yearly.
EPS Next Y1098.24%
EPS Next 2Y240.47%
EPS Next 3Y136.24%
EPS Next 5YN/A
Revenue Next Year2.86%
Revenue Next 2Y11.68%
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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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RCD. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 40.51, the valuation of RCD can be described as expensive.
Based on the Price/Forward Earnings ratio, RCD is valued more expensive than 84.62% of the companies in the same industry.
RCD is valuated expensively when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 40.51
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 -60

4.2 Price Multiples

RCD's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 15.19
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 136.24% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y240.47%
EPS Next 3Y136.24%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 11.34%, RCD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 13.69, RCD is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, RCD pays a better dividend.
Industry RankSector Rank
Dividend Yield 11.34%

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.
RCD has decreased its dividend recently.
Dividend Growth(5Y)-4.21%
Div Incr Years1
Div Non Decr Years1
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-45.5%
EPS Next 2Y240.47%
EPS Next 3Y136.24%
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 (5/23/2025, 8:50:27 PM)

23.4816

+0.08 (+0.35%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-05 2025-08-05/amc
Inst Owners62.47%
Inst Owner Change-39.9%
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap4.00B
Analysts47.5
Price Target28.73 (22.35%)
Short Float %0%
Short Ratio0.03
Dividend
Industry RankSector Rank
Dividend Yield 11.34%
Yearly Dividend1.23
Dividend Growth(5Y)-4.21%
DP-45.5%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-166.87%
Min EPS beat(2)-219.49%
Max EPS beat(2)-114.25%
EPS beat(4)1
Avg EPS beat(4)-99.57%
Min EPS beat(4)-219.49%
Max EPS beat(4)7.41%
EPS beat(8)1
Avg EPS beat(8)-60.1%
EPS beat(12)1
Avg EPS beat(12)-41.81%
EPS beat(16)4
Avg EPS beat(16)-26.95%
Revenue beat(2)0
Avg Revenue beat(2)-12.21%
Min Revenue beat(2)-13.55%
Max Revenue beat(2)-10.88%
Revenue beat(4)1
Avg Revenue beat(4)-8.18%
Min Revenue beat(4)-29.62%
Max Revenue beat(4)21.3%
Revenue beat(8)5
Avg Revenue beat(8)105.79%
Revenue beat(12)9
Avg Revenue beat(12)113.43%
Revenue beat(16)13
Avg Revenue beat(16)149.54%
PT rev (1m)9.94%
PT rev (3m)N/A
EPS NQ rev (1m)-7.84%
EPS NQ rev (3m)-41.25%
EPS NY rev (1m)-7.46%
EPS NY rev (3m)-35.37%
Revenue NQ rev (1m)0.77%
Revenue NQ rev (3m)-7.06%
Revenue NY rev (1m)-4.2%
Revenue NY rev (3m)-12.7%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 40.51
P/S 4.86
P/FCF 15.19
P/OCF 15.11
P/B 2.17
P/tB 2.27
EV/EBITDA N/A
EPS(TTM)-0.33
EYN/A
EPS(NY)0.58
Fwd EY2.47%
FCF(TTM)1.55
FCFY6.59%
OCF(TTM)1.55
OCFY6.62%
SpS4.83
BVpS10.83
TBVpS10.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.47%
ROE -24.53%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 5.42%
FCFM 32.04%
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-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 3.97
Debt/FCF 29.34
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.17%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.18
Quick Ratio 0.18
Altman-Z 0.04
F-Score4
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)-127.97%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-131.03%
EPS Next Y1098.24%
EPS Next 2Y240.47%
EPS Next 3Y136.24%
EPS Next 5YN/A
Revenue 1Y (TTM)-21.55%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-85.78%
Revenue Next Year2.86%
Revenue Next 2Y11.68%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-493.99%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y526.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y385.89%
OCF growth 3YN/A
OCF growth 5YN/A