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 1,149 353.4 254.4 - -
Change - 7.03% 43.31% -34.85% -69.25% -28.01% - -
Enterprise Value (EV) 1 1,150 1,231 1,764 1,149 353.4 2,473 2,483 254.4
Change - 7.03% 43.31% -34.85% -69.25% 599.77% 0.41% -89.75%
P/E 7.2x 6.71x 4.62x -2.59x -1.51x -0.68x -2.11x 29.4x
PBR 0.93x 0.73x 0.73x 0.64x 0.25x 0.26x 0.31x 0.24x
PEG - -0.3x 0.1x 0x 0x -0x 0x -0x
Capitalization / Revenue 2.85x 1.83x 1.87x 1.28x 0.62x 0.63x 0.85x -
EV / Revenue 2.85x 1.83x 1.87x 1.28x 0.62x 6.16x 8.28x -
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% 2.6% 2.6% 2.6%
EPS 2 2.17 1.66 2.22 -2.63 -1.44 -2.255 -0.7315 0.0524
Distribution rate 76.5% 100% 65.8% -41.8% -26.7% -1.77% -5.47% 76.3%
Net sales 1 403.5 671.2 945.8 897 569.2 401.2 299.9 -
EBITDA - - - - - - - -
EBIT 189.9 - - - - - - -
Net income 1 150.2 186.3 331.5 -443.8 -236.9 -386.6 -110.6 8.717
Net Debt 1 - - - - - 2,219 2,229 -
Reference price 2 15.630 11.140 10.250 6.820 2.180 1.540 1.540 1.540
Nbr of stocks (in thousands) 73,594 110,513 172,125 168,531 162,126 165,219 - -
Announcement Date 2/24/22 2/27/23 2/27/24 3/3/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-0.69x6.17x - 2.58% 256M
7.32x57.99x17.98x12.82% 16.86B
10.69x62.53x56.96x12.83% 12.88B
18.36x10.34x13.06x11.29% 6.3B
8.24x - - 10.73% 5.2B
23.92x45.93x16.83x11.01% 2.92B
29.19x - - 15.3% 2.87B
6.83x - - 17.34% 2.06B
6.39x - - 11.59% 1.7B
6.21x - - 18.39% 1.37B
Average 11.65x 36.59x 26.21x 12.39% 5.24B
Weighted average by Cap. 11.57x 50.59x 29.98x 12.7%

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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