Ready Capital Corporation

DB:0SZ Stock Report

Market Cap: €1.1b

Ready Capital Valuation

Is 0SZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0SZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€14.03
Fair Value
51.9% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: 0SZ (€6.75) is trading below our estimate of fair value (€14.03)

Significantly Below Fair Value: 0SZ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0SZ?

Key metric: As 0SZ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0SZ. This is calculated by dividing 0SZ's market cap by their current revenue.
What is 0SZ's PS Ratio?
PS Ratio8.5x
SalesUS$140.36m
Market CapUS$1.19b

Price to Sales Ratio vs Peers

How does 0SZ's PS Ratio compare to its peers?

The above table shows the PS ratio for 0SZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.5x
BFV Berliner Effektengesellschaft
6.7xn/a€842.6m
HYQ Hypoport
3.2x11.0%€1.3b
PBB Deutsche Pfandbriefbank
2x11.2%€721.5m
T2G Tradegate Wertpapierhandelsbank
18.1xn/a€2.2b
0SZ Ready Capital
8.5x36.3%€1.2b

Price-To-Sales vs Peers: 0SZ is expensive based on its Price-To-Sales Ratio (8.5x) compared to the peer average (7.5x).

Price to Sales Ratio vs Industry

How does 0SZ's PS Ratio compare vs other companies in the Global Mortgage REITs Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
0SZ 8.5xIndustry Avg. 5.1xNo. of Companies6PS03.26.49.612.816+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0SZ is expensive based on its Price-To-Sales Ratio (8.5x) compared to the Global Mortgage REITs industry average (5.3x).

Price to Sales Ratio vs Fair Ratio

What is 0SZ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0SZ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.5x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: 0SZ is expensive based on its Price-To-Sales Ratio (8.5x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0SZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.75
€7.95
+17.8%
16.1%€9.79€6.12n/a6
Jan ’26€6.70
€8.24
+23.0%
19.9%€11.46€6.45n/a6
Dec ’25€6.95
€8.30
+19.4%
20.9%€11.33€6.37n/a6
Nov ’25€6.10
€8.23
+35.0%
19.0%€10.98€6.40n/a6
Oct ’25€6.75
€8.39
+24.3%
16.2%€10.83€7.00n/a6
Sep ’25€7.35
€8.74
+18.9%
14.5%€10.99€7.10n/a6
Aug ’25€8.50
€8.94
+5.2%
14.5%€11.10€7.40n/a6
Jul ’25€7.50
€9.15
+22.1%
16.3%€11.17€7.45n/a6
Jun ’25€7.40
€9.28
+25.4%
15.0%€11.14€7.43n/a6
May ’25€8.15
€9.57
+17.4%
13.0%€11.24€7.49n/a7
Apr ’25€8.15
€9.68
+18.7%
13.2%€11.12€7.42n/a8
Mar ’25€8.10
€10.24
+26.4%
10.0%€12.03€8.79n/a8
Feb ’25€8.60
€10.65
+23.8%
10.7%€12.75€9.11n/a8
Jan ’25€9.45
€10.65
+12.7%
10.7%€12.75€9.11€6.708
Dec ’24€9.25
€11.04
+19.3%
10.4%€13.08€9.34€6.958
Nov ’24€8.85
€11.39
+28.7%
10.5%€13.22€9.91€6.108
Oct ’24€9.50
€11.76
+23.8%
10.6%€13.57€9.83€6.758
Sep ’24€9.95
€11.58
+16.4%
10.6%€13.37€9.68€7.358
Aug ’24€10.40
€11.64
+11.9%
11.5%€13.63€9.54€8.508
Jul ’24€10.30
€11.75
+14.1%
13.1%€13.96€9.77€7.508
Jun ’24€9.35
€11.74
+25.6%
13.1%€13.95€9.77€7.408
May ’24€9.40
€11.77
+25.3%
12.6%€13.65€9.56€8.158
Apr ’24€8.85
€12.83
+45.0%
10.8%€15.00€10.78€8.158
Mar ’24€10.60
€13.11
+23.7%
9.8%€15.12€10.87€8.108
Feb ’24€12.00
€12.99
+8.3%
10.4%€14.72€10.58€8.608
Jan ’24€10.30
€13.42
+30.3%
10.8%€15.07€10.83€9.458
Analyst Price Target
Consensus Narrative from 6 Analysts
€7.79
Fair Value
13.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 07:46
End of Day Share Price 2025/01/21 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ready Capital Corporation is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Randolph BinnerB. Riley Securities, Inc.
Matthew HowlettB. Riley Securities, Inc.
Sarah BarcombBTIG