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 1,513 766.2 879.1 863.7 700.6 419.5 - -
Change - -49.34% 14.73% -1.75% -18.89% -40.11% - -
Enterprise Value (EV) 1 1,513 766.2 13,637 17,352 45,028 56,257 58,797 419.5
Change - -49.34% 1,679.72% 27.24% 159.5% 24.94% 4.52% -99.29%
P/E 5.57x -4.73x -67.4x 20.4x -9.07x 11.9x 3.74x 3.22x
PBR 1.09x 0.71x 0.86x 0.77x 0.75x 0.48x 0.46x 0.44x
PEG - 0x 0.7x -0x 0x -0x 0x 0.2x
Capitalization / Revenue 10.2x 4.94x 9.45x 8.42x 8.48x 2.92x 2.58x 2.7x
EV / Revenue 10.2x 4.94x 147x 169x 545x 391x 362x 2.7x
EV / EBITDA - - - - - 37.8x 32.7x -
EV / EBIT 6.22x -4.33x - 267x -1,001x 37.8x 32.7x -
EV / FCF - - - -2.96x -4.46x 590x 449x -
FCF Yield - - - -33.8% -22.4% 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% 21.6% 22.2% 21.6%
EPS 2 2.37 -1.43 -0.11 0.32 -0.61 0.2799 0.8927 1.037
Distribution rate 32.9% -64.3% -645% 209% -118% 257% 82.9% 69.4%
Net sales 1 148 155 93 102.6 82.6 143.9 162.3 155.5
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 41.06 118.6 133.5
Net Debt 1 - - 12,758 16,488 44,327 55,838 58,378 -
Reference price 2 13.190 6.760 7.410 6.530 5.530 3.340 3.340 3.340
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.($)
78.43x12.49x33.68x1.39% 163B
60.91x12.15x23.65x1.97% 103B
23.63x10.22x15.45x4.34% 76.78B
65.29x12.32x22.84x2.65% 68.5B
28.71x12.96x18.24x4.21% 53.41B
150.45x7.81x21.45x2.54% 41.99B
63.16x6.53x17.55x3.02% 34.68B
35.14x11.48x17.2x6.22% 29.05B
28.59x13.91x16.93x4.87% 28.29B
Average 59.37x 11.10x 20.78x 3.47% 66.53B
Weighted average by Cap. 62.15x 11.51x 23.61x 2.84%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Redwood Trust, Inc.

Historical PBR trend

Valuation ratios - PBR - Redwood Trust, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Redwood Trust, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Redwood Trust, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Redwood Trust, Inc.
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