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READY CAPITAL CORP - RC 6.2 07/30/26 (RCB) Stock Fundamental Analysis

NYSE:RCB - New York Stock Exchange, Inc. - US75574U4085 - Currency: USD

24.0281  -0.07 (-0.3%)

After market: 24.08 +0.05 (+0.22%)

Fundamental Rating

3

Overall RCB gets a fundamental rating of 3 out of 10. We evaluated RCB against 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. RCB may be in some trouble as it scores bad on both profitability and health. RCB does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year RCB was profitable.
RCB had a positive operating cash flow in the past year.
Of the past 5 years RCB 4 years were profitable.
In multiple years RCB reported negative operating cash flow during the last 5 years.
RCB Yearly Net Income VS EBIT VS OCF VS FCFRCB 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 0 100M 200M 300M

1.2 Ratios

With a Return On Assets value of -1.13%, RCB is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -5.66%, RCB is doing worse than 76.56% of the companies in the same industry.
Industry RankSector Rank
ROA -1.13%
ROE -5.66%
ROIC N/A
ROA(3y)1.86%
ROA(5y)1.57%
ROE(3y)11.15%
ROE(5y)9.51%
ROIC(3y)N/A
ROIC(5y)N/A
RCB Yearly ROA, ROE, ROICRCB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

RCB's Profit Margin has improved in the last couple of years.
RCB's Operating Margin has improved in the last couple of years.
RCB has a worse Gross Margin (1.54%) than 85.94% of its industry peers.
In the last couple of years the Gross Margin of RCB has declined.
The Profit Margin and Operating Margin are not available for RCB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 1.54%
OM growth 3Y-8.89%
OM growth 5Y25.2%
PM growth 3Y57.46%
PM growth 5Y4.11%
GM growth 3Y-18.05%
GM growth 5Y-10.64%
RCB Yearly Profit, Operating, Gross MarginsRCB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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3

2. Health

2.1 Basic Checks

RCB does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for RCB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
RCB Yearly Shares OutstandingRCB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
RCB Yearly Total Debt VS Total AssetsRCB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

RCB has an Altman-Z score of 0.28. This is a bad value and indicates that RCB is not financially healthy and even has some risk of bankruptcy.
RCB has a Altman-Z score of 0.28. This is in the better half of the industry: RCB outperforms 78.13% of its industry peers.
The Debt to FCF ratio of RCB is 38.17, which is on the high side as it means it would take RCB, 38.17 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of RCB (38.17) is better than 64.06% of its industry peers.
A Debt/Equity ratio of 3.65 is on the high side and indicates that RCB has dependencies on debt financing.
With a Debt to Equity ratio value of 3.65, RCB perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.65
Debt/FCF 38.17
Altman-Z 0.28
ROIC/WACCN/A
WACC6.98%
RCB Yearly LT Debt VS Equity VS FCFRCB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B 8B

2.3 Liquidity

A Current Ratio of 0.80 indicates that RCB may have some problems paying its short term obligations.
With a decent Current ratio value of 0.80, RCB is doing good in the industry, outperforming 78.13% of the companies in the same industry.
RCB has a Quick Ratio of 0.80. This is a bad value and indicates that RCB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.80, RCB is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.8
RCB Yearly Current Assets VS Current LiabilitesRCB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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3

3. Growth

3.1 Past

The earnings per share for RCB have decreased strongly by -73.95% in the last year.
RCB shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.43% yearly.
EPS 1Y (TTM)-73.95%
EPS 3Y-48.27%
EPS 5Y-27.43%
EPS Q2Q%-11.54%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-4.74%

3.2 Future

The Earnings Per Share is expected to grow by 78.04% on average over the next years. This is a very strong growth
RCB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.54% yearly.
EPS Next Y199.03%
EPS Next 2Y78.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.82%
Revenue Next 2Y10.54%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
RCB Yearly Revenue VS EstimatesRCB 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
RCB Yearly EPS VS EstimatesRCB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 77.51, which means the current valuation is very expensive for RCB.
RCB's Price/Earnings ratio is a bit more expensive when compared to the industry. RCB is more expensive than 64.06% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.75, RCB is valued quite expensively.
Based on the Price/Forward Earnings ratio of 25.92, the valuation of RCB can be described as expensive.
Based on the Price/Forward Earnings ratio, RCB is valued a bit more expensive than the industry average as 71.88% of the companies are valued more cheaply.
RCB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.44.
Industry RankSector Rank
PE 77.51
Fwd PE 25.92
RCB Price Earnings VS Forward Price EarningsRCB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

RCB's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 18.86
EV/EBITDA N/A
RCB Per share dataRCB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

RCB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
RCB's earnings are expected to grow with 78.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y78.04%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

RCB has a Yearly Dividend Yield of 14.43%, which is a nice return.
Compared to an average industry Dividend Yield of 12.95, RCB pays a bit more dividend than its industry peers.
RCB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 14.43%

5.2 History

The dividend of RCB decreases each year by -1.08%.
RCB has been paying a dividend for over 5 years, so it has already some track record.
RCB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-1.08%
Div Incr Years0
Div Non Decr Years3
RCB Yearly Dividends per shareRCB Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

RCB has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-178.24%
EPS Next 2Y78.04%
EPS Next 3YN/A
RCB Yearly Income VS Free CF VS DividendRCB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

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READY CAPITAL CORP - RC 6.2 07/30/26

NYSE:RCB (3/3/2025, 8:04:00 PM)

After market: 24.08 +0.05 (+0.22%)

24.0281

-0.07 (-0.3%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)03-03 2025-03-03/bmo
Earnings (Next)05-06 2025-05-06/amc
Inst Owners62.47%
Inst Owner ChangeN/A
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap4.05B
Analysts49.41
Price Target28.82 (19.94%)
Short Float %0.01%
Short Ratio0.36
Dividend
Industry RankSector Rank
Dividend Yield 14.43%
Yearly Dividend1.52
Dividend Growth(5Y)-1.08%
DP-178.24%
Div Incr Years0
Div Non Decr Years3
Ex-Date01-15 2025-01-15 (0.3875)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-145.72%
Min EPS beat(2)-219.49%
Max EPS beat(2)-71.94%
EPS beat(4)1
Avg EPS beat(4)-76.22%
Min EPS beat(4)-219.49%
Max EPS beat(4)7.41%
EPS beat(8)1
Avg EPS beat(8)-46.32%
EPS beat(12)2
Avg EPS beat(12)-30.03%
EPS beat(16)5
Avg EPS beat(16)-18.43%
Revenue beat(2)0
Avg Revenue beat(2)-20.25%
Min Revenue beat(2)-29.62%
Max Revenue beat(2)-10.88%
Revenue beat(4)0
Avg Revenue beat(4)-26.36%
Min Revenue beat(4)-42.26%
Max Revenue beat(4)-10.88%
Revenue beat(8)1
Avg Revenue beat(8)-2.93%
Revenue beat(12)5
Avg Revenue beat(12)38.64%
Revenue beat(16)9
Avg Revenue beat(16)118.98%
PT rev (1m)0%
PT rev (3m)-2.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.54%
EPS NY rev (1m)0%
EPS NY rev (3m)-22.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.1%
Valuation
Industry RankSector Rank
PE 77.51
Fwd PE 25.92
P/S 4.83
P/FCF 18.86
P/OCF 18.35
P/B 1.81
P/tB 1.88
EV/EBITDA N/A
EPS(TTM)0.31
EY1.29%
EPS(NY)0.93
Fwd EY3.86%
FCF(TTM)1.27
FCFY5.3%
OCF(TTM)1.31
OCFY5.45%
SpS4.98
BVpS13.3
TBVpS12.79
PEG (NY)0.39
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.13%
ROE -5.66%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 1.54%
FCFM 25.58%
ROA(3y)1.86%
ROA(5y)1.57%
ROE(3y)11.15%
ROE(5y)9.51%
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)0.95%
ROCE(5y)0.95%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-8.89%
OM growth 5Y25.2%
PM growth 3Y57.46%
PM growth 5Y4.11%
GM growth 3Y-18.05%
GM growth 5Y-10.64%
F-Score4
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 3.65
Debt/FCF 38.17
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.71%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.8
Quick Ratio 0.8
Altman-Z 0.28
F-Score4
WACC6.98%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-73.95%
EPS 3Y-48.27%
EPS 5Y-27.43%
EPS Q2Q%-11.54%
EPS Next Y199.03%
EPS Next 2Y78.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-4.74%
Revenue Next Year17.82%
Revenue Next 2Y10.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-243.77%
EBIT growth 3Y12.79%
EBIT growth 5Y68.88%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y17.05%
FCF growth 3Y-15.03%
FCF growth 5Y-21.19%
OCF growth 1Y17.11%
OCF growth 3Y-7.49%
OCF growth 5Y-17.22%