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

NYSE:RCD - New York Stock Exchange, Inc. - US75574U8383 - Currency: USD

23.07  +0.01 (+0.04%)

Fundamental Rating

4

Overall RCD gets a fundamental rating of 4 out of 10. We evaluated RCD against 66 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. RCD is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year RCD has reported negative net income.
In the past year RCD had a positive cash flow from operations.
Of the past 5 years RCD 4 years were profitable.
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

Looking at the Return On Assets, with a value of -3.00%, RCD is doing worse than 83.08% of the companies in the same industry.
RCD has a worse Return On Equity (-15.33%) than 84.62% of its industry peers.
Industry RankSector Rank
ROA -3%
ROE -15.33%
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

RCD has a Gross Margin of 6.99%. This is amonst the worse of the industry: RCD underperforms 92.31% of its industry peers.
RCD's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for RCD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 6.99%
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.
Compared to 1 year ago, RCD has less shares outstanding
Compared to 5 years ago, RCD has more shares outstanding
RCD has a worse debt/assets ratio than last year.
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

Based on the Altman-Z score of 0.21, we must say that RCD is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.21, RCD is doing good in the industry, outperforming 78.46% of the companies in the same industry.
RCD has a debt to FCF ratio of 21.30. This is a negative value and a sign of low solvency as RCD would need 21.30 years to pay back of all of its debts.
RCD's Debt to FCF ratio of 21.30 is amongst the best of the industry. RCD outperforms 93.85% of its industry peers.
A Debt/Equity ratio of 3.87 is on the high side and indicates that RCD has dependencies on debt financing.
The Debt to Equity ratio of RCD (3.87) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 3.87
Debt/FCF 21.3
Altman-Z 0.21
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 1.09. This is a normal value and indicates that RCD is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Current ratio value of 1.09, RCD belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
RCD has a Quick Ratio of 1.09. This is a normal value and indicates that RCD is financially healthy and should not expect problems in meeting its short term obligations.
RCD has a Quick ratio of 1.09. This is amongst the best in the industry. RCD outperforms 84.62% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
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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5

3. Growth

3.1 Past

The earnings per share for RCD have decreased strongly by -127.97% 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 very negative growth in Revenue. In the last year, the Revenue has decreased by -12.89%.
RCD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.46% yearly.
EPS 1Y (TTM)-127.97%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-131.03%
Revenue 1Y (TTM)-12.89%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-85.78%

3.2 Future

The Earnings Per Share is expected to grow by 111.61% on average over the next years. This is a very strong growth
RCD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.44% yearly.
EPS Next Y346.34%
EPS Next 2Y188.54%
EPS Next 3Y111.61%
EPS Next 5YN/A
Revenue Next Year-11.63%
Revenue Next 2Y8.44%
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 Revenue growth rate is decreasing: in the next years the growth will be less than in the last 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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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RCD. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 55.42, the valuation of RCD can be described as expensive.
Based on the Price/Forward Earnings ratio, RCD is valued expensively inside the industry as 84.62% of the companies are valued cheaper.
When comparing the Price/Forward Earnings ratio of RCD to the average of the S&P500 Index (21.90), we can say RCD is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 55.42
RCD Price Earnings VS Forward Price EarningsRCD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, RCD is valued a bit cheaper than 66.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.11
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

RCD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
RCD's earnings are expected to grow with 111.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y188.54%
EPS Next 3Y111.61%

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4

5. Dividend

5.1 Amount

RCD has a Yearly Dividend Yield of 10.73%, which is a nice return.
RCD's Dividend Yield is comparable with the industry average which is at 11.54.
Compared to an average S&P500 Dividend Yield of 2.38, RCD pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.73%

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

RCD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-65.45%
EPS Next 2Y188.54%
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 (7/3/2025, 8:04:02 PM)

23.07

+0.01 (+0.04%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-05 2025-08-05/amc
Inst Owners63.94%
Inst Owner Change-39.9%
Ins Owners1.09%
Ins Owner ChangeN/A
Market Cap3.93B
Analysts47.5
Price Target25.97 (12.57%)
Short Float %0%
Short Ratio0.04
Dividend
Industry RankSector Rank
Dividend Yield 10.73%
Yearly Dividend1.23
Dividend Growth(5Y)-4.21%
DP-65.45%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-144.31%
Min EPS beat(2)-174.36%
Max EPS beat(2)-114.25%
EPS beat(4)0
Avg EPS beat(4)-145.01%
Min EPS beat(4)-219.49%
Max EPS beat(4)-71.94%
EPS beat(8)1
Avg EPS beat(8)-78.3%
EPS beat(12)1
Avg EPS beat(12)-55.58%
EPS beat(16)4
Avg EPS beat(16)-37.52%
Revenue beat(2)0
Avg Revenue beat(2)-43.72%
Min Revenue beat(2)-73.9%
Max Revenue beat(2)-13.55%
Revenue beat(4)0
Avg Revenue beat(4)-31.99%
Min Revenue beat(4)-73.9%
Max Revenue beat(4)-10.88%
Revenue beat(8)4
Avg Revenue beat(8)70.02%
Revenue beat(12)8
Avg Revenue beat(12)100.61%
Revenue beat(16)12
Avg Revenue beat(16)120.17%
PT rev (1m)-9.6%
PT rev (3m)-1.82%
EPS NQ rev (1m)-45.77%
EPS NQ rev (3m)-69.53%
EPS NY rev (1m)-62.75%
EPS NY rev (3m)-65.21%
Revenue NQ rev (1m)-9.16%
Revenue NQ rev (3m)-30.91%
Revenue NY rev (1m)-14.09%
Revenue NY rev (3m)-22.43%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 55.42
P/S 4.99
P/FCF 11.11
P/OCF 11.08
P/B 2.02
P/tB 2.11
EV/EBITDA N/A
EPS(TTM)-0.33
EYN/A
EPS(NY)0.42
Fwd EY1.8%
FCF(TTM)2.08
FCFY9%
OCF(TTM)2.08
OCFY9.02%
SpS4.62
BVpS11.44
TBVpS10.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3%
ROE -15.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 6.99%
FCFM 44.95%
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 3.87
Debt/FCF 21.3
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z 0.21
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)-127.97%
EPS 3Y-71.84%
EPS 5Y-49.62%
EPS Q2Q%-131.03%
EPS Next Y346.34%
EPS Next 2Y188.54%
EPS Next 3Y111.61%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.89%
Revenue growth 3Y14.39%
Revenue growth 5Y20.46%
Sales Q2Q%-85.78%
Revenue Next Year-11.63%
Revenue Next 2Y8.44%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-533.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.32%
OCF growth 3YN/A
OCF growth 5YN/A