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Ready Capital Corp
NYSE:RC

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Ready Capital Corp Logo
Ready Capital Corp
NYSE:RC
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Price: 8.97 USD 1.59% Market Closed
Updated: Mar 2, 2024

Intrinsic Value

Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. [ Read More ]

The intrinsic value of one RC stock under the Base Case scenario is 19.31 USD. Compared to the current market price of 8.97 USD, Ready Capital Corp is Undervalued by 54%.

Key Points:
RC Intrinsic Value
Base Case
19.31 USD
Undervaluation 54%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Ready Capital Corp

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Fundamental Analysis

Financials

Balance Sheet Decomposition
Ready Capital Corp

Current Assets 280m
Cash & Short-Term Investments 182m
Receivables 98m
Non-Current Assets 12.5B
Long-Term Investments 4.5B
PP&E 5m
Intangibles 56m
Other Non-Current Assets 7.9B
Current Liabilities 259m
Accounts Payable 35m
Accrued Liabilities 102m
Short-Term Debt 57m
Other Current Liabilities 65m
Non-Current Liabilities 9.9B
Long-Term Debt 9.7B
Other Non-Current Liabilities 219m
Efficiency
Fundamental Scores

RC Profitability Score
Profitability Due Diligence

Ready Capital Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Exceptional 3-Years Revenue Growth
Exceptional 1-Year Revenue Growth
56/100
Profitability
Score

Ready Capital Corp's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

RC Solvency Score
Solvency Due Diligence

Ready Capital Corp's solvency score is 17/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
High D/E
Positive Net Debt
17/100
Solvency
Score

Ready Capital Corp's solvency score is 17/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

RC Price Targets Summary
Ready Capital Corp

Wall Street analysts forecast RC stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for RC is 11.92 USD with a low forecast of 10.1 USD and a high forecast of 14.7 USD.

Lowest
Price Target
10.1 USD
13% Upside
Average
Price Target
11.92 USD
33% Upside
Highest
Price Target
14.7 USD
64% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

RC Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

RC Price
Ready Capital Corp

1M 1M
-2%
6M 6M
-17%
1Y 1Y
-12%
3Y 3Y
-11%
5Y 5Y
-3%
10Y 10Y
+52%
Annual Price Range
8.97
52w Low
8.49
52w High
11.93
Price Metrics
Average Annual Return 6.59%
Standard Deviation of Annual Returns 31.1%
Max Drawdown -76%
Shares Statistics
Market Capitalization 1.5B USD
Shares Outstanding 174 000 000
Percentage of Shares Shorted 4.83%

RC Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Ready Capital Corp Logo
Ready Capital Corp

Country

United States of America

Industry

Real Estate

Market Cap

1.5B USD

Dividend Yield

12%

Description

Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. The company is headquartered in New York City, New York. The company went IPO on 2013-02-08. The firm operates through three segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its SBC Lending and Acquisitions segment originates SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels, through its subsidiary, ReadyCap Commercial, LLC. Its Small Business Lending segment acquires, originates and service owner-occupied loans guaranteed by the SBA, through its subsidiary, ReadyCap Lending, LLC. Its Residential Mortgage Banking segment operates its residential mortgage loan origination segment through its subsidiary, GMFS, LLC.

Contact

NEW YORK
New York City
1140 Avenue of the Americas Fl 7
+12122574600.0
https://readycapital.com/

IPO

2013-02-08

Employees

-

Officers

CFO & Secretary
Mr. Andrew Ahlborn CPA
Chief Operating Officer
Mr. Gary T. Taylor
Chief Credit Officer
Mr. Adam Zausmer
Chairman, CEO & Chief Investment Officer
Mr. Thomas Edward Capasse
President & Director
Mr. Jack Jay Ross CPA
Director of Finance Division
Mr. Brian Dunn
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MD & National Sales Manager
Mr. Alex Ovalle
MD & Head of Strategic Partnerships
Mr. Richard Katzenstein
MD & Co-Head of the National Bridge Lending Platform
David A. Cohen
Show Less

See Also

Discover More
What is the Intrinsic Value of one RC stock?

The intrinsic value of one RC stock under the Base Case scenario is 19.31 USD.

Is RC stock undervalued or overvalued?

Compared to the current market price of 8.97 USD, Ready Capital Corp is Undervalued by 54%.