OTCPK:RCTC

Stock Analysis Report

Executive Summary

Ready Credit Corporation provides prepaid product solutions for the cash-reliant consumers in the United States.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Ready Credit's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RCTC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

RCTC

-14.1%

US Consumer Finance

-10.6%

US Market


1 Year Return

n/a

RCTC

-3.4%

US Consumer Finance

5.2%

US Market

Return vs Industry: Insufficient data to determine how RCTC performed against the US Consumer Finance industry.

Return vs Market: Insufficient data to determine how RCTC performed against the US Market.


Shareholder returns

RCTCIndustryMarket
7 Day0%-14.1%-10.6%
30 Day0%-12.8%-8.5%
90 Dayn/a-10.6%-4.6%
1 Yearn/a-1.7%-3.4%7.4%5.2%
3 Year-9.1%-9.1%20.7%14.8%31.7%23.2%
5 Year42.9%42.9%26.6%17.3%56.4%39.3%

Price Volatility Vs. Market

How volatile is Ready Credit's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ready Credit undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Ready Credit is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ready Credit has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of RCTC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Ready Credit regulatory filings here.
  • Explore potentially undervalued companies in the Diversified Financials industry.

Future Growth

How is Ready Credit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ready Credit has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of RCTC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Ready Credit's filings and announcements here.
  • Explore growth companies in the Diversified Financials industry.

Past Performance

How has Ready Credit performed over the past 5 years?

22.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Ready Credit has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Ready Credit's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Ready Credit's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Ready Credit has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of RCTC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Ready Credit's financial data was last updated here.
  • Explore more healthy companies in the Diversified Financials industry.

Dividend

What is Ready Credit's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RCTC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate RCTC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RCTC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RCTC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RCTC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average board tenure


CEO

Tim Walsh (57yo)

14.6yrs

Tenure

US$130,135

Compensation

Mr. Timothy J. Walsh, Tim has been Chief Executive Officer and President of Ready Credit Corp. since July 21, 2005. Prior to joining Thunderball Entertainment, Mr. Walsh served as the Senior Vice President ...


Board Members

NamePositionTenureCompensationOwnership
Timothy Walsh
CEO, President & Director14.6yrsUS$130.14kno data
Ronald Eibensteiner
Director15.1yrsno datano data
Thomas Healey
Chairman14.5yrsno datano data

14.8yrs

Average Tenure

67yo

Average Age

Experienced Board: RCTC's board of directors are seasoned and experienced ( 14.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Ready Credit Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ready Credit Corporation
  • Ticker: RCTC
  • Exchange: OTCPK
  • Founded:
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: US$944.700k
  • Shares outstanding: 9.45m
  • Website: https://www.myreadycard.com

Location

  • Ready Credit Corporation
  • 10340 Viking Drive
  • Suite 125
  • Eden Prairie
  • Minnesota
  • 55344
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RCTCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2005

Biography

Ready Credit Corporation provides prepaid product solutions for the cash-reliant consumers in the United States. The company offers ReadySTATION, a self-service kiosk for reloading cards. It also provides ReadyCARD mobile, a mobile financial service application to manage prepaid card accounts. In addition, the company offers direct deposit and balance check services. Ready Credit Corporation is headquartered in Eden Prairie, Minnesota. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:46
End of Day Share Price2020/02/21 00:00
Earnings2006/06/30
Annual Earnings2005/12/31


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.