Ladder Capital Corp
NYSE:LADR
Intrinsic Value
Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. [ Read More ]
The intrinsic value of one LADR stock under the Base Case scenario is 24.4 USD. Compared to the current market price of 10.97 USD, Ladder Capital Corp is Undervalued by 55%.
Valuation Backtest
Ladder Capital Corp
Run backtest to discover the historical profit from buying and selling LADR stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Ladder Capital Showcases Strong 2023 Performance
2023-Q4 Earnings Call
In 2023, Ladder Capital saw distributable earnings grow 13% year-over-year to $167.7 million, translating to $1.34 per share and a robust 10.9% return on equity. The firm's strategic financial management led to an impressive 58% rise in net interest income amidst increasing rates. Compositionally sound, Ladder boasts an adjusted leverage ratio of just 0.7x and amplified liquidity, surging over $1.3 billion, a 67% hike from the previous year. The active loan portfolio, valued at $3.1 billion with a 9.5% yield, has benefited from $727 million in repayments, reducing total leverage by 11% and future commitments by 36%. Shareholders witnessed enhanced protection with dividend coverage rising to 146%. Observing the choppy market, Ladder positions itself to seize upcoming investment opportunities while maintaining vigilant portfolio oversight.
Balance Sheet Decomposition
Ladder Capital Corp
Current Assets | 1B |
Cash & Short-Term Investments | 1B |
Receivables | 24.2m |
Non-Current Assets | 4.5B |
Long-Term Investments | 492.4m |
PP&E | 680.1m |
Intangibles | 61m |
Other Non-Current Assets | 3.2B |
Current Liabilities | 113.8m |
Accrued Liabilities | 81.5m |
Other Current Liabilities | 32.3m |
Non-Current Liabilities | 3.9B |
Long-Term Debt | 3.8B |
Other Non-Current Liabilities | 81.7m |
Earnings Waterfall
Ladder Capital Corp
Revenue
|
523.7m
USD
|
Cost of Revenue
|
-245.1m
USD
|
Gross Profit
|
278.6m
USD
|
Operating Expenses
|
-184.6m
USD
|
Operating Income
|
94m
USD
|
Other Expenses
|
7.1m
USD
|
Net Income
|
101.1m
USD
|
Free Cash Flow Analysis
Ladder Capital Corp
What is Free Cash Flow?
LADR Profitability Score
Profitability Due Diligence
Ladder Capital Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Ladder Capital Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
LADR Solvency Score
Solvency Due Diligence
Ladder Capital Corp's solvency score is 31/100. The higher the solvency score, the more solvent the company is.
Score
Ladder Capital Corp's solvency score is 31/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
LADR Price Targets Summary
Ladder Capital Corp
According to Wall Street analysts, the average 1-year price target for LADR is 12.37 USD with a low forecast of 10.61 USD and a high forecast of 13.39 USD.
Ownership
LADR Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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3 Months |
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9 Months |
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12 Months |
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Shareholder Return
LADR Price
Ladder Capital Corp
Average Annual Return | -0.19% |
Standard Deviation of Annual Returns | 33.89% |
Max Drawdown | -82% |
Market Capitalization | 1.4B USD |
Shares Outstanding | 126 617 000 |
Percentage of Shares Shorted | 1.8% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. The company is headquartered in New York City, New York and currently employs 65 full-time employees. The company went IPO on 2014-02-06. The firm's segments include loans, securities, and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment is composed of all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS), United States Agency Securities, corporate bonds and equity securities. The real estate segment includes net leased properties, office buildings, student housing portfolios, hotels, industrial buildings, a shopping center and condominium units. Corporate/other includes the Company’s investments in joint ventures, other asset management activities and operating expenses. The company invests primarily in senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures.
Contact
IPO
Employees
Officers
The intrinsic value of one LADR stock under the Base Case scenario is 24.4 USD.
Compared to the current market price of 10.97 USD, Ladder Capital Corp is Undervalued by 55%.