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RC (Ready Capital) Cyclically Adjusted FCF per Share : $2.97 (As of Dec. 2024)


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What is Ready Capital Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Ready Capital's adjusted free cash flow per share for the three months ended in Dec. 2024 was $0.172. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.97 for the trailing ten years ended in Dec. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2025-04-27), Ready Capital's current stock price is $4.42. Ready Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $2.97. Ready Capital's Cyclically Adjusted Price-to-FCF of today is 1.49.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ready Capital was 2.37. The lowest was 1.48. And the median was 2.21.


Ready Capital Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ready Capital's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ready Capital Cyclically Adjusted FCF per Share Chart

Ready Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -1.51 -1.34 -1.48 2.97

Ready Capital Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.48 -1.51 -1.48 -1.42 2.97

Competitive Comparison of Ready Capital's Cyclically Adjusted FCF per Share

For the REIT - Mortgage subindustry, Ready Capital's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ready Capital's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ready Capital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ready Capital's Cyclically Adjusted Price-to-FCF falls into.


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Ready Capital Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Ready Capital's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.172/133.1571*133.1571
=0.172

Current CPI (Dec. 2024) = 133.1571.

Ready Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -3.381 99.621 -4.519
201506 1.748 100.684 2.312
201509 -0.444 100.392 -0.589
201512 5.558 99.792 7.416
201603 -0.131 100.470 -0.174
201606 0.593 101.688 0.777
201609 -0.062 101.861 -0.081
201612 0.152 101.863 0.199
201703 0.506 102.862 0.655
201706 6.858 103.349 8.836
201709 0.678 104.136 0.867
201712 3.255 104.011 4.167
201803 1.505 105.290 1.903
201806 0.312 106.317 0.391
201809 2.396 106.507 2.996
201812 0.159 105.998 0.200
201903 0.032 107.251 0.040
201906 -1.329 108.070 -1.638
201909 -0.154 108.329 -0.189
201912 0.268 108.420 0.329
202003 -1.924 108.902 -2.353
202006 2.741 108.767 3.356
202009 -0.883 109.815 -1.071
202012 1.272 109.897 1.541
202103 -0.883 111.754 -1.052
202106 0.996 114.631 1.157
202109 -1.414 115.734 -1.627
202112 0.628 117.630 0.711
202203 0.155 121.301 0.170
202206 0.515 125.017 0.549
202209 0.501 125.227 0.533
202212 1.836 125.222 1.952
202303 -0.007 127.348 -0.007
202306 0.321 128.729 0.332
202309 0.208 129.860 0.213
202312 -0.172 129.419 -0.177
202403 0.135 131.776 0.136
202406 0.006 132.554 0.006
202409 1.305 133.029 1.306
202412 0.172 133.157 0.172

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Ready Capital  (NYSE:RC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Ready Capital's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.42/2.97
=1.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ready Capital was 2.37. The lowest was 1.48. And the median was 2.21.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Ready Capital Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Ready Capital's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ready Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ready Capital Corp (NYSE:RC) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020
Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of LMM Commercial Real Estate and Small Business Lending. It generates the majority of its revenue from LMM Commercial Real Estate.
Executives
Andrew Ahlborn officer: Chief Financial Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Gilbert E Nathan director C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Gary Taylor officer: Chief Operating Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Adam Zausmer officer: Chief Credit Officer C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK NY 10020
Thomas E Capasse director, officer: Chairman of the Board and CEO SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036
Jack J. Ross director, officer: President and Director SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036
Kevin M Luebbers director 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120
Pinkie Dent Mayfield director 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101
Daniel J. Hirsch director 748 DIAMOND STREET, SAN FRANCISCO CA 94114
Dominique Mielle director C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Meredith Marshall director 50 RIVERSIDE BLVD, APT 14C, NEW YORK NY 10069
Erving Julius W Ii director DR J ENTERPRISES LLC, 3355 LENOX ROAD NE SUITE 750, ATLANTA GA 30326
Andrea Petro director C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020
J Mitchell Reese director 210 MONTEREY DR. S., VERO BEACH FL 32963
Todd M. Sinai director C/O SUTHERLAND ASSET MANAGEMENT CORP, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036

Ready Capital Headlines

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