Company Valuation: Redwood Trust, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,513 766.2 879.1 863.7 700.6 579.1 - -
Change - -49.34% 14.73% -1.75% -18.89% -17.34% - -
Enterprise Value (EV) 1 1,513 766.2 13,637 17,352 700.6 56,417 58,957 579.1
Change - -49.34% 1,679.72% 27.24% -95.96% 7,953.17% 4.5% -99.02%
P/E 5.57x -4.73x -67.4x 20.4x -9.07x 16.5x 5.1x 4.44x
PBR 1.09x 0.71x 0.86x 0.77x 0.75x 0.66x 0.63x 0.61x
PEG - 0x 0.7x -0x 0x -0x 0x 0.3x
Capitalization / Revenue 10.2x 4.94x 9.45x 8.42x 8.48x 3.98x 3.56x 3.72x
EV / Revenue 10.2x 4.94x 147x 169x 8.48x 387x 362x 3.72x
EV / EBITDA - - - - - 37.9x 32.8x -
EV / EBIT 6.22x -4.33x - 267x -15.6x 37.9x 32.8x -
EV / FCF - - - - - 592x 450x -
FCF Yield - - - - - 0.17% 0.22% -
Dividend per Share 2 0.78 0.92 0.71 0.67 0.72 0.72 0.74 0.72
Rate of return 5.91% 13.6% 9.58% 10.3% 13% 15.6% 16.1% 15.6%
EPS 2 2.37 -1.43 -0.11 0.32 -0.61 0.2799 0.9039 1.037
Distribution rate 32.9% -64.3% -645% 209% -118% 257% 81.9% 69.4%
Net sales 1 148 155 93 102.6 82.6 145.6 162.9 155.5
EBITDA 1 - - - - - 1,490 1,800 -
EBIT 1 243 -177 - 64.9 -45 1,490 1,798 -
Net income 1 320 -164 -9 47 -77 41.06 118.9 133.5
Net Debt 1 - - 12,758 16,488 - 55,838 58,378 -
Reference price 2 13.190 6.760 7.410 6.530 5.530 4.610 4.610 4.610
Nbr of stocks (in thousands) 114,675 113,350 118,636 132,267 126,682 125,612 - -
Announcement Date 2/9/22 2/9/23 2/20/24 2/13/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.86x387.48x37.87x15.25% 593M
7.75x66.46x18.05x12.75% 17.41B
10.44x74.15x53.14x13.2% 12.93B
21.27x10.5x14.21x11.91% 5.97B
11.11x - - 9.83% 5.68B
11.27x - - 15.68% 3.22B
-90.52x49.9x - 12.97% 2.39B
9.28x - - 17.56% 2.32B
6.43x - - 11.49% 1.75B
7.3x - - 18.75% 1.34B
Average 1.12x 117.70x 30.82x 13.94% 5.36B
Weighted average by Cap. 6.20x 64.33x 30.05x 12.99%

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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  4. Valuation Redwood Trust, Inc.