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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.
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.
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 |
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- | -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 |
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-1.48 | -1.51 | -1.48 | -1.42 | 2.97 |
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.
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.
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.
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.
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 |
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