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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: 8.34 USD 1.71% Market Closed
Updated: Jun 13, 2024
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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 33.99 USD. Compared to the current market price of 8.34 USD, Ready Capital Corp is Undervalued by 75%.

Key Points:
RC Intrinsic Value
Base Case
33.99 USD
Undervaluation 75%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Ready Capital Corp

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Fundamental Analysis

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Ready Capital Corp

Current Assets 295.7m
Cash & Short-Term Investments 166m
Receivables 129.7m
Non-Current Assets 11.7B
Long-Term Investments 4.2B
PP&E 4.3m
Intangibles 56.6m
Other Non-Current Assets 7.5B
Current Liabilities 288.6m
Accounts Payable 79.9m
Accrued Liabilities 81m
Short-Term Debt 73.7m
Other Current Liabilities 53.9m
Non-Current Liabilities 9.3B
Long-Term Debt 8.9B
Other Non-Current Liabilities 450m
Efficiency

Earnings Waterfall
Ready Capital Corp

Revenue
903.9m USD
Cost of Revenue
-829.9m USD
Gross Profit
73.9m USD
Operating Expenses
-124.2m USD
Operating Income
-50.3m USD
Other Expenses
261.7m USD
Net Income
211.4m USD

Free Cash Flow Analysis
Ready Capital Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

RC Profitability Score
Profitability Due Diligence

Ready Capital Corp's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Net Income
Positive 3-Years Revenue Growth
55/100
Profitability
Score

Ready Capital Corp's profitability score is 55/100. 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 10.03 USD with a low forecast of 8.08 USD and a high forecast of 12.6 USD.

Lowest
Price Target
8.08 USD
3% Downside
Average
Price Target
10.03 USD
20% Upside
Highest
Price Target
12.6 USD
51% 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
-3%
6M 6M
-26%
1Y 1Y
-25%
3Y 3Y
-29%
5Y 5Y
-7%
10Y 10Y
+45%
Annual Price Range
8.34
52w Low
7.99
52w High
11.93
Price Metrics
Average Annual Return 7.45%
Standard Deviation of Annual Returns 31.15%
Max Drawdown -76%
Shares Statistics
Market Capitalization 1.4B USD
Shares Outstanding 168 874 000
Percentage of Shares Shorted 8.02%

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

1.4B USD

Dividend Yield

13.41%

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 33.99 USD.

Is RC stock undervalued or overvalued?

Compared to the current market price of 8.34 USD, Ready Capital Corp is Undervalued by 75%.