Now trading at a price of $11.18, Ready Capital has rose 2.48% Friday.
Ready Capital shares moved -16.49% over the last 52 weeks, with a high of $13.89 and a low of $9.35. During this time, the stock lagged the S&P 500 index by -12.79%. As of January 2022, the company's 50-day average price is $12.32. Ready Capital Corporation, is a real estate finance company in the United States. The small-cap Real Estate company is based in New York, NY. Ready Capital has returned a 14.5% dividend yield over the last 12 months.
An Unconvincing Cash Flow History with an Upwards Trend:
|Gross Margins Growth||n/a||-73.45%||410.18%||3.89%|
|Operating Margins Growth||n/a||-802.42%||145.74%||-22.72%|
|Earnings Per Share||$1.43||$0.83||$2.08||$1.76|
|Diluted Shares (MM)||51||54||76||111|
|Free Cash Flow (k)||-$52,514||$68,564||-$34,441||$348,176|
|Capital Expenditures (k)||$117||$329||n/a||$10,972|
|LT Debt to Equity||0.53||0.54||0.7||0.63|
Ready Capital Is Currently Undervalued:
Compared to the Real Estate sector's average of 24.81, Ready Capital has a trailing twelve month P/E ratio of 6.73 and, according to its EPS guidance of 1.66, an expected P/E ratio of 6.73.
In addition, Ready Capital is likely undervalued in terms of its equity because its P/B ratio is 0.809 compared to its sector average of 2.24. The company's shares are currently trading -52.06% below their Graham number, implying there is a margin of safety for the stock. The Graham number is calculated according to the formula:
√(22.5 * 5-year average EPS * book value per share) = √(22.5 * 1.59 * 15.2) = $23.32
8 analysts are following Ready Capital and have set target prices ranging from $11.5 to $16.0 per share. On average, they have given the company a rating of buy. At the current price of $11.18, RC is trading -19.45% away from its average analyst target price of $13.88 per share, implying an analyst consensus of some upside potential for the stock.