Ready Capital Corporation (RC)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 385 | 296 | 383 | 390 | 27 | 499 | 409 | - |
| Operating profit | $m | 121 | -442 | ||||||
| Net profit | $m | 45 | 158 | 194 | 339 | -436 | -229 | -556 | -318 |
| EPS reported | $ | -1.44 | -3.42 | ||||||
| Operating cashflow per share | $ | -1.24 | 6.14 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | -1.24 | 6.14 | ||||||
| Free cash flow | $m | -203 | 1,010 | ||||||
| Net debt | $m | 5,607 | 4,528 | ||||||
| Book value equity | $m | 1,552 | 1,248 | ||||||
| Book value per share | $ | 9.28 | 7.29 | ||||||
| Number of shares | m | 167.26 | 171.17 | ||||||
| DPS (TTM paid) | $ | 0.39 | 0.17 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 0.23 | 0.29 | ||||||
| P/S LTM | x | 0.72 | 0.88 | ||||||
| P/FCF LTM | x | -1.76 | 0.36 | ||||||
| EV/EBITDA LTM | x | 27.87 | -20.64 | ||||||
| EV/Sales LTM | x | 11.96 | 11.83 | ||||||
| Earnings Yield LTM | % | -63.82% | -1.83% | ||||||
| FCF Yield | % | -56.73% | +281.53% | ||||||
| Quality | |||||||||
| ROE | % | -14.75% | -37.62% | ||||||
| ROIC | % | +41.52% | -3.15% | ||||||
| Operating margin | % | +24.22% | -1.08% | ||||||
| Gross margin | % | +87.67% | -17.82% | ||||||
| FCF/Sales | % | -40.74% | +246.85% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +1726.0% | +1395.6% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +31.59% | +8.38% | ||||||
| Dividend Growth | % | -65.00% | -85.00% | ||||||
| Payout Ratio | % | -47.05% | -9.20% | ||||||
| FCF/Debt | x | -0.03 | 0.22 | ||||||
| Net Debt/EBITDA | x | 26.19 | -15.67 | ||||||
| EBIT/Net interest | x | 0.24 | -1.06 | ||||||
| Net debt/market cap | % | +16.37% | +15.25% | ||||||
| Net debt/Equity | x | 3.61 | 3.63 | ||||||
| Gross debt/equity | x | 3.78 | 3.74 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Ready Capital Corporation is a U.S.-based entity primarily engaged in the real estate finance sector. Its business activities encompass the procurement, generation, administration, servicing, and funding of various loan types, including commercial loans of small to moderate value (SBC loans), those guaranteed by the Small Business Administration (SBA loans), and residential mortgages. Additionally, it deals in mortgage-backed securities, predominantly supported by SBC loans or other property-linked financial instruments. The organization conducts its operations through three distinct divisions: SBC Lending and Acquisitions: This division, leveraging its subsidiary ReadyCap Commercial, LLC, creates SBC loans. These loans are typically collateralized by investor properties, whether stable or undergoing transition, and are sourced via multiple origination avenues. Small Business Lending: Operating through ReadyCap Lending, LLC, this segment focuses on the acquisition, generation, and servicing of owner-occupied loans. These are secured by guarantees from the SBA, specifically under its Section 7(a) Program. Residential Mortgage Banking: Via its subsidiary GMFS, LLC, this division is responsible for initiating residential mortgage loans. For federal income tax considerations, the company holds the designation of a real estate investment trust (REIT). Consequently, it typically avoids federal corporate income taxation, provided it disburses a minimum of 90% of its taxable earnings to its shareholders. Historically, the firm operated as Sutherland Asset Management Corporation before adopting the name Ready Capital Corporation in September 2018. Established in 2007, its main office is situated in New York City, New York.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Ready Capital Corporation is a U.S.-based entity primarily engaged in the real estate finance sector. Its business activities encompass the procurement, generation, administration, servicing, and funding of various loan types, including commercial loans of small to moderate value (SBC loans), those guaranteed by the Small Business Administration (SBA loans), and residential mortgages. Additionally, it deals in mortgage-backed securities, predominantly supported by SBC loans or other property-linked financial instruments. The organization conducts its operations through three distinct divisions: SBC Lending and Acquisitions: This division, leveraging its subsidiary ReadyCap Commercial, LLC, creates SBC loans. These loans are typically collateralized by investor properties, whether stable or undergoing transition, and are sourced via multiple origination avenues. Small Business Lending: Operating through ReadyCap Lending, LLC, this segment focuses on the acquisition, generation, and servicing of owner-occupied loans. These are secured by guarantees from the SBA, specifically under its Section 7(a) Program. Residential Mortgage Banking: Via its subsidiary GMFS, LLC, this division is responsible for initiating residential mortgage loans. For federal income tax considerations, the company holds the designation of a real estate investment trust (REIT). Consequently, it typically avoids federal corporate income taxation, provided it disburses a minimum of 90% of its taxable earnings to its shareholders. Historically, the firm operated as Sutherland Asset Management Corporation before adopting the name Ready Capital Corporation in September 2018. Established in 2007, its main office is situated in New York City, New York.
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