Ready Capital Corporation (RC)
Ready Capital Statistics
Share Statistics
Ready Capital has 171.83M shares outstanding. The number of shares has increased by -2.95% in one year.
| Shares Outstanding | 171.83M |
| Shares Change (YoY) | -2.95% |
| Shares Change (QoQ) | -3.19% |
| Owned by Institutions (%) | 59.65% |
| Shares Floating | 184.66M |
| Failed to Deliver (FTD) Shares | 4.46K |
| FTD / Avg. Volume | 0.14% |
Short Selling Information
The latest short interest is 27.08M, so 15.76% of the outstanding shares have been sold short.
| Short Interest | 27.08M |
| Short % of Shares Out | 15.76% |
| Short % of Float | 19% |
| Short Ratio (days to cover) | 9.29 |
Valuation Ratios
The PE ratio is -2.6 and the forward PE ratio is 5.93. Ready Capital's PEG ratio is 0.01.
| PE Ratio | -2.6 |
| Forward PE | 5.93 |
| PS Ratio | -11.33 |
| Forward PS | 2 |
| PB Ratio | 0.63 |
| P/FCF Ratio | 4.03 |
| PEG Ratio | 0.01 |
Enterprise Valuation
Currently the Enterprise Value (EV) is not available for Ready Capital.
| EV / Sales | n/a |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.33, with a Debt / Equity ratio of 0.24.
| Current Ratio | 0.33 |
| Quick Ratio | 0.33 |
| Debt / Equity | 0.24 |
| Debt / EBITDA | - |
| Debt / FCF | 1.53 |
| Interest Coverage | -0.59 |
Financial Efficiency
Return on Equity is n/a and Return on Invested Capital is n/a.
| Return on Equity | n/a |
| Return on Assets | n/a |
| Return on Invested Capital | n/a |
| Revenue Per Employee | $-214.24K |
| Profits Per Employee | $-934.21K |
| Employee Count | 475 |
| Asset Turnover | -0.01 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -104.51M |
| Effective Tax Rate | 20.23% |
Stock Price Statistics
The stock price has increased by -49.71% in the last 52 weeks. The beta is 1.3, so Ready Capital's price volatility has been higher than the market average.
| Beta | 1.3 |
| 52-Week Price Change | -49.71% |
| 50-Day Moving Average | 5.44 |
| 200-Day Moving Average | 7.1 |
| Relative Strength Index (RSI) | 35.61 |
| Average Volume (20 Days) | 3.08M |
Income Statement
In the last 12 months, Ready Capital had revenue of -101.77M and earned -443.75M in profits. Earnings per share was -2.62.
| Revenue | -101.77M |
| Gross Profit | -101.77M |
| Operating Income | -412M |
| Net Income | -443.75M |
| EBITDA | 0 |
| EBIT | 179.94M |
| Earnings Per Share (EPS) | -2.62 |
Balance Sheet
The company has 143.8M in cash and 437.85M in debt, giving a net cash position of -294.04M.
| Cash & Cash Equivalents | 143.8M |
| Total Debt | 437.85M |
| Net Cash | -294.04M |
| Retained Earnings | -505.09M |
| Total Assets | 10.14B |
| Working Capital | -294.04M |
Cash Flow
In the last 12 months, operating cash flow was 286.4M and capital expenditures 0, giving a free cash flow of 286.4M.
| Operating Cash Flow | 286.4M |
| Capital Expenditures | 0 |
| Free Cash Flow | 286.4M |
| FCF Per Share | 1.69 |
Margins
Gross margin is 100%, with operating and profit margins of 404.85% and 436.05%.
| Gross Margin | 100% |
| Operating Margin | 404.85% |
| Pretax Margin | 507.55% |
| Profit Margin | 436.05% |
| EBITDA Margin | n/a |
| EBIT Margin | 404.85% |
| FCF Margin | -281.43% |
Dividends & Yields
RC pays an annual dividend of $0.93, which amounts to a dividend yield of 18.17%.
| Dividend Per Share | $0.93 |
| Dividend Yield | 18.17% |
| Dividend Growth (YoY) | -58.33% |
| Payout Ratio | -36.71% |
| Earnings Yield | n/a |
| FCF Yield | n/a |
Analyst Forecast
The average price target for RC is $8.5, which is 94.1% higher than the current price. The consensus rating is "Hold".
| Price Target | $8.5 |
| Price Target Difference | 94.1% |
| Analyst Consensus | Hold |
| Analyst Count | 8 |
Scores
| Altman Z-Score | -0.01 |
| Piotroski F-Score | 7 |