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READY CAPITAL CORP - RC 9 12/15/29 (RCD) Stock Fundamental Analysis

USA - NYSE:RCD - US75574U8383

23.58 USD
-0.15 (-0.63%)
Last: 9/19/2025, 12:03:25 PM
Fundamental Rating

4

Overall RCD gets a fundamental rating of 4 out of 10. We evaluated RCD against 62 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. The financial health of RCD is average, but there are quite some concerns on its profitability. While showing a medium growth rate, RCD is valued expensive at the moment.


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.
RCD had a positive operating cash flow in 4 of the past 5 years.
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 (-3.42%) is worse than 82.26% of its industry peers.
RCD has a Return On Equity of -17.34%. This is in the lower half of the industry: RCD underperforms 79.03% of its industry peers.
Industry RankSector Rank
ROA -3.42%
ROE -17.34%
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

Looking at the Gross Margin, with a value of 8.53%, RCD is doing worse than 75.81% of the companies in the same industry.
RCD's Gross Margin has declined in the last couple of years.
RCD does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.53%
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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5

2. Health

2.1 Basic Checks

RCD does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for RCD has been reduced compared to 1 year ago.
Compared to 5 years ago, RCD has more shares outstanding
Compared to 1 year ago, RCD has a worse debt to assets ratio.
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

RCD has an Altman-Z score of 0.19. This is a bad value and indicates that RCD is not financially healthy and even has some risk of bankruptcy.
RCD's Altman-Z score of 0.19 is fine compared to the rest of the industry. RCD outperforms 74.19% of its industry peers.
The Debt to FCF ratio of RCD is 25.14, which is on the high side as it means it would take RCD, 25.14 years of fcf income to pay off all of its debts.
RCD has a better Debt to FCF ratio (25.14) than 88.71% of its industry peers.
RCD has a Debt/Equity ratio of 3.89. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.89, RCD is in the better half of the industry, outperforming 61.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.89
Debt/FCF 25.14
Altman-Z 0.19
ROIC/WACCN/A
WACC7.21%
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 1.05. This is a normal value and indicates that RCD is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.05, RCD is doing good in the industry, outperforming 70.97% of the companies in the same industry.
A Quick Ratio of 1.05 indicates that RCD should not have too much problems paying its short term obligations.
The Quick ratio of RCD (1.05) is better than 70.97% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 1.05
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

The earnings per share for RCD have decreased strongly by -160.00% in the last year.
The earnings per share for RCD have been decreasing by -49.62% on average. This is quite bad
RCD shows a decrease in Revenue. In the last year, the revenue decreased by -6.28%.
The Revenue has been growing by 20.46% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-160%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-300%
Revenue 1Y (TTM)-6.28%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-66.84%

3.2 Future

Based on estimates for the next years, RCD will show a very strong growth in Earnings Per Share. The EPS will grow by 111.61% on average per year.
RCD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.20% yearly.
EPS Next Y-48.5%
EPS Next 2Y102.98%
EPS Next 3Y111.61%
EPS Next 5YN/A
Revenue Next Year-25.18%
Revenue Next 2Y14.2%
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.
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

RCD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 114.47, which means the current valuation is very expensive for RCD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RCD indicates a rather expensive valuation: RCD more expensive than 83.87% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, RCD is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 114.47
RCD Price Earnings VS Forward Price EarningsRCD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of RCD indicates a somewhat cheap valuation: RCD is cheaper than 61.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.65
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

A more expensive valuation may be justified as RCD's earnings are expected to grow with 111.61% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y102.98%
EPS Next 3Y111.61%

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4

5. Dividend

5.1 Amount

RCD has a Yearly Dividend Yield of 10.18%, which is a nice return.
Compared to an average industry Dividend Yield of 11.50, RCD is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, RCD pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.18%

5.2 History

The dividend of RCD decreases each year by -4.21%.
RCD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-4.21%
Div Incr Years0
Div Non Decr Years0
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

The earnings of RCD are negative and hence is the payout ratio. RCD will probably not be able to sustain this dividend level.
DP-52.39%
EPS Next 2Y102.98%
EPS Next 3Y111.61%
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 (9/19/2025, 12:03:25 PM)

23.58

-0.15 (-0.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners64.08%
Inst Owner Change-11.22%
Ins Owners1.09%
Ins Owner ChangeN/A
Market Cap3.87B
Analysts47.5
Price Target25.67 (8.86%)
Short Float %0%
Short Ratio0.32
Dividend
Industry RankSector Rank
Dividend Yield 10.18%
Yearly Dividend1.23
Dividend Growth(5Y)-4.21%
DP-52.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-612.77%
Min EPS beat(2)-1051.17%
Max EPS beat(2)-174.36%
EPS beat(4)0
Avg EPS beat(4)-389.82%
Min EPS beat(4)-1051.17%
Max EPS beat(4)-114.25%
EPS beat(8)1
Avg EPS beat(8)-208.67%
EPS beat(12)1
Avg EPS beat(12)-142.88%
EPS beat(16)3
Avg EPS beat(16)-104%
Revenue beat(2)0
Avg Revenue beat(2)-69.49%
Min Revenue beat(2)-73.9%
Max Revenue beat(2)-65.08%
Revenue beat(4)0
Avg Revenue beat(4)-40.85%
Min Revenue beat(4)-73.9%
Max Revenue beat(4)-10.88%
Revenue beat(8)3
Avg Revenue beat(8)40.56%
Revenue beat(12)7
Avg Revenue beat(12)87.07%
Revenue beat(16)11
Avg Revenue beat(16)99.7%
PT rev (1m)-13.43%
PT rev (3m)-2.75%
EPS NQ rev (1m)-227.03%
EPS NQ rev (3m)-176.23%
EPS NY rev (1m)-88.46%
EPS NY rev (3m)-95.7%
Revenue NQ rev (1m)-15.82%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)-15.11%
Revenue NY rev (3m)-15.37%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 114.47
P/S 5.15
P/FCF 13.65
P/OCF 13.61
P/B 2.11
P/tB 2.22
EV/EBITDA N/A
EPS(TTM)-0.54
EYN/A
EPS(NY)0.21
Fwd EY0.87%
FCF(TTM)1.73
FCFY7.33%
OCF(TTM)1.73
OCFY7.35%
SpS4.58
BVpS11.17
TBVpS10.64
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.42%
ROE -17.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.53%
FCFM 37.75%
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-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 3.89
Debt/FCF 25.14
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.05
Quick Ratio 1.05
Altman-Z 0.19
F-Score5
WACC7.21%
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)-160%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-300%
EPS Next Y-48.5%
EPS Next 2Y102.98%
EPS Next 3Y111.61%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.28%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-66.84%
Revenue Next Year-25.18%
Revenue Next 2Y14.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-189.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-6.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.24%
OCF growth 3YN/A
OCF growth 5YN/A