RC
Ready Capital Corporation [RC] Stock Forecast
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In the News
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Ready Capital Saves Broadmark Realty From Collapse
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Ready Capital Corporation (RC) Q4 2022 Earnings Call Transcript
Ready Capital Corporation (NYSE:RC ) Q4 2022 Earnings Conference Call February 27, 2023 8:00 AM ET Company Participants Tom Capasse - CEO Andrew Ahlborn - CFO Adam Zausmer - CCO Conference Call Participants Crispin Love - Piper Sandler Stephen Laws - Raymond James Steven DeLaney - JMP Securities Christopher Nolan - Ladenburg Thalmann Jade Rahmani - KBW Matt Howlett - B. Riley Operator Greetings, and welcome to the Ready Capital Corporation fourth quarter 2022 earnings conference call.
Ready Capital (RC) Q4 Earnings and Revenues Surpass Estimates
Ready Capital (RC) delivered earnings and revenue surprises of 2.44% and 44.40%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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Ready Capital Corporation Announces Fourth Quarter and Full Year 2022 Results and Webcast Call
NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will host a webcast and conference call at 8:00 a.m. Eastern Time on Monday, February 27, 2023 to provide a general business update and discuss the financial results for the quarter ended December 31, 2022. The Company plans to release its financial results prior to the opening of the New York Stock Exchange.
Ready Capital: The 12.4% Yield Is Still Exciting
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RC Financial details
RC Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 4.93 | 3.48 | 5.03 | 5.6 | 0 | |
| Net income per share | 1.85 | 1.74 | 0.84 | 2.3 | 3.09 | |
| Operating cash flow per share | 4.37 | -1.25 | 1.28 | -0.5 | 5.24 | |
| Free cash flow per share | 4.36 | -1.27 | 1.28 | -0.5 | 5.24 | |
| Cash per share | 1.7 | 1.62 | 2.59 | 3.35 | 4.11 | |
| Book value per share | 16.98 | 19.65 | 15.17 | 18.75 | 26.14 | |
| Tangible book value per share | 13.75 | 16.74 | 13.05 | 15.15 | 27.71 | |
| Share holders equity per share | 16.98 | 19.65 | 15.17 | 18.75 | 26.14 | |
| Interest debt per share | 55.5 | 77.91 | 64.62 | 75.1 | 12.57 | |
| Market cap | 443.75M | 647.82M | 669.02M | 1.07B | 763.22M | |
| Enterprise value | 2.06B | 3.7B | 3.83B | 5.77B | 1.06B | |
| P/E ratio | 7.49 | 8.88 | 14.91 | 6.79 | 3.61 | |
| Price to sales ratio | 2.8 | 4.43 | 2.48 | 2.79 | 0 | |
| POCF ratio | 3.16 | -12.36 | 9.71 | -31.09 | 2.13 | |
| PFCF ratio | 3.17 | -12.16 | 9.71 | -31.09 | 2.13 | |
| P/B Ratio | 0.81 | 0.78 | 0.82 | 0.83 | 0.43 | |
| PTB ratio | 0.81 | 0.78 | 0.82 | 0.83 | 0.43 | |
| EV to sales | 13.02 | 25.33 | 14.17 | 15.06 | 0 | |
| Enterprise value over EBITDA | 12.13 | 17.27 | 16.73 | 14.42 | 1.64 | |
| EV to operating cash flow | 14.69 | -70.63 | 55.55 | -167.61 | 2.95 | |
| EV to free cash flow | 14.73 | -69.45 | 55.55 | -167.61 | 2.95 | |
| Earnings yield | 0.13 | 0.11 | 0.07 | 0.15 | 0.28 | |
| Free cash flow yield | 0.32 | -0.08 | 0.1 | -0.03 | 0.47 | |
| Debt to equity | 4.54 | 5.01 | 5.57 | 6.42 | 5.43 | |
| Debt to assets | 0.81 | 0.83 | 0.84 | 0.86 | 0.84 | |
| Net debt to EBITDA | 9.52 | 14.25 | 13.81 | 11.74 | 0.46 | |
| Current ratio | 17.15 | 0 | 0 | 0 | 0.63 | |
| Interest coverage | -1.11 | 0 | 0 | 0 | 0 | |
| Income quality | 2.28 | -0.7 | 1.5 | -0.22 | 1.77 | |
| Dividend Yield | 0.12 | 0.1 | 0.09 | 0.1 | 0.25 | |
| Payout ratio | 0.87 | 0.87 | 1.27 | 0.71 | 0.89 | |
| Sales general and administrative to revenue | 0.46 | 0.48 | 0.43 | 0.31 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.04 | 0.03 | 0.02 | 0.03 | 0 | |
| Capex to operating cash flow | 0 | 0.02 | 0 | 0 | 0 | |
| Capex to revenue | 0 | -0.01 | 0 | 0 | 0 | |
| Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0.02 | 0 | |
| Graham number | 26.56 | 27.71 | 16.88 | 31.16 | 42.6 | |
| ROIC | -0.04 | 0 | 0 | 0 | 0 | |
| Return on tangible assets | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | |
| Graham Net | -74.82 | -95.53 | -81.29 | -116.08 | -137.71 | |
| Working capital | 1.4B | 0 | 0 | 0 | -167.82M | |
| Tangible asset value | 441.1M | 703.3M | 701.35M | 1.04B | 1.9B | |
| Net current asset value | -983.19M | -4.13B | -4.54B | -8.25B | -9.43B | |
| Invested capital | 3.07 | 3.78 | 4.04 | 3.84 | 0.26 | |
| Average receivables | 23.32M | 45.71M | 54.56M | 62.16M | 45.71M | |
| Average payables | 20.4M | 28.14M | 29.23M | 34.2M | 20.69M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 54.02 | 169.85 | 55.58 | 79.19 | 0 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 6.76 | 2.15 | 6.57 | 4.61 | 0 | |
| Payables turnover | 0 | 0 | 0 | 0 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.11 | 0.09 | 0.06 | 0.12 | 0.12 | |
| Capex per share | -0.01 | -0.02 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2022-12-31 for Q4
| Metric | History | 2021-12-31 | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 1.4 | 1.47 | 0.97 | 1.12 | 0 | |
| Net income per share | 0.72 | 0.72 | 0.49 | 0.55 | 0.42 | |
| Operating cash flow per share | 0.62 | 0.17 | 0.56 | 0.55 | 3.17 | |
| Free cash flow per share | 0.62 | 0.17 | 0.56 | 0.55 | 3.17 | |
| Cash per share | 3.09 | 2.43 | 1.16 | 1.83 | 4.11 | |
| Book value per share | 17.32 | 21.2 | 16.33 | 16.4 | 26.14 | |
| Tangible book value per share | 14 | 19.11 | 14.59 | 14.41 | 27.71 | |
| Share holders equity per share | 17.32 | 21.2 | 16.33 | 16.4 | 26.14 | |
| Interest debt per share | 67.27 | 65.24 | 56.9 | 56.67 | 8.82 | |
| Market cap | 1.16B | 1.32B | 1.36B | 1.16B | 763.22M | |
| Enterprise value | 5.86B | 6.77B | 7.66B | 7.32B | 1.06B | |
| P/E ratio | 5.45 | 5.2 | 6.08 | 4.59 | 6.67 | |
| Price to sales ratio | 11.2 | 10.24 | 12.25 | 9.03 | 0 | |
| POCF ratio | 25.13 | 89.6 | 21.15 | 18.42 | 3.52 | |
| PFCF ratio | 25.13 | 89.6 | 21.15 | 18.42 | 3.52 | |
| P/B Ratio | 0.9 | 0.71 | 0.73 | 0.62 | 0.43 | |
| PTB ratio | 0.9 | 0.71 | 0.73 | 0.62 | 0.43 | |
| EV to sales | 56.63 | 52.45 | 68.81 | 57 | 0 | |
| Enterprise value over EBITDA | 49.95 | 47.54 | 52.01 | 39.87 | 6.16 | |
| EV to operating cash flow | 127.07 | 459.1 | 118.83 | 116.19 | 4.88 | |
| EV to free cash flow | 127.07 | 459.1 | 118.83 | 116.19 | 4.88 | |
| Earnings yield | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 | |
| Free cash flow yield | 0.04 | 0.01 | 0.05 | 0.05 | 0.28 | |
| Debt to equity | 6.42 | 5.11 | 5.34 | 5.27 | 5.43 | |
| Debt to assets | 0.86 | 0.83 | 0.83 | 0.83 | 0.84 | |
| Net debt to EBITDA | 40.07 | 38.27 | 42.75 | 33.55 | 1.72 | |
| Current ratio | 0 | 0 | 0 | 0 | 0.63 | |
| Interest coverage | 0 | 0 | 0 | 0 | 0 | |
| Income quality | 0.86 | 0.23 | 1.09 | 0.95 | 15.86 | |
| Dividend Yield | 0.03 | 0.03 | 0.04 | 0.04 | 0.07 | |
| Payout ratio | 0.63 | 0.54 | 0.91 | 0.81 | 1.79 | |
| Sales general and administrative to revenue | 0.26 | 0.26 | 0.3 | 0.27 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.03 | 0.03 | 0.03 | 0.03 | 0 | |
| Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
| Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
| Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
| Stock based compensation to revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0 | |
| Graham number | 16.72 | 18.58 | 13.43 | 14.28 | 15.67 | |
| ROIC | 0 | 0 | 0 | 0 | 0 | |
| Return on tangible assets | 0.01 | 0.01 | 0 | 0.01 | 0 | |
| Graham Net | -107.24 | -105.23 | -85.45 | -83.84 | -137.71 | |
| Working capital | 0 | 0 | 0 | 0 | -167.82M | |
| Tangible asset value | 1.04B | 1.68B | 1.67B | 1.65B | 1.9B | |
| Net current asset value | -8.25B | -9.51B | -9.97B | -9.88B | -9.43B | |
| Invested capital | 3.84 | 3.04 | 3.44 | 3.39 | 0.26 | |
| Average receivables | 64.11M | 85.55M | 85.82M | 96.99M | 59.25M | |
| Average payables | 37.58M | 40.99M | 39.19M | 42.78M | 23.89M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 72.33 | 61.32 | 67.72 | 77.3 | 0 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 1.24 | 1.47 | 1.33 | 1.16 | 0 | |
| Payables turnover | 0 | 0 | 0 | 0 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | |
| Capex per share | 0 | 0 | 0 | 0 | 0 |
RC Frequently Asked Questions
What is Ready Capital Corporation stock symbol ?
Ready Capital Corporation is a US stock , located in New york of Ny and trading under the symbol RC
What is Ready Capital Corporation stock quote today ?
Ready Capital Corporation stock price is $9.52 today.
Is Ready Capital Corporation stock public?
Yes, Ready Capital Corporation is a publicly traded company.
Company Profile
- Volume Average 1.09M
- Market Capitalization 1.05B
- Employee 600
- CEO Mr. Thomas Edward Capasse
- Headquarters New York,NY,US
- IPO Date 2013-02-08
-
Website
https://www.readycapital.com 
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.
