Financials Ladder Capital Corp

Equities

LADR

US5057431042

Specialized REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
11 USD +1.85% Intraday chart for Ladder Capital Corp +4.96% -4.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,941 1,176 1,504 1,271 1,461 1,407 - -
Enterprise Value (EV) 1 6,445 4,102 1,504 1,271 1,461 1,407 1,407 1,407
P/E ratio 15.7 x -75.2 x 26.6 x 8.88 x 14.2 x 14.7 x 13.1 x 10.3 x
Yield 7.54% 9.61% 6.67% 8.76% 7.99% 8.36% 8.36% 10.2%
Capitalization / Revenue 6.51 x 7.72 x 8.6 x 3.68 x 5.05 x 5 x 4.32 x 4.48 x
EV / Revenue 6.51 x 7.72 x 8.6 x 3.68 x 5.05 x 5 x 4.32 x 4.48 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.33 x 0.71 x 1 x 0.83 x 0.94 x 0.9 x 0.88 x -
Nbr of stocks (in thousands) 107,574 120,267 125,461 126,564 126,912 127,888 - -
Reference price 2 18.04 9.780 11.99 10.04 11.51 11.00 11.00 11.00
Announcement Date 2/27/20 2/25/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 297.9 152.3 174.9 345.3 289.3 281.5 325.5 314.3
EBITDA - - - - - - - -
EBIT 1 170.7 - - 170.2 104.7 104.8 114.6 -
Operating Margin 57.3% - - 49.3% 36.21% 37.22% 35.21% -
Earnings before Tax (EBT) 1 139.6 -19.25 57.82 170.2 104.7 109 123.5 134.4
Net income 1 122.6 -14.44 56.52 142.2 101.1 93.91 105.6 134.3
Net margin 41.17% -9.48% 32.32% 41.19% 34.95% 33.36% 32.44% 42.73%
EPS 2 1.150 -0.1300 0.4500 1.130 0.8100 0.7500 0.8367 1.070
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.360 0.9400 0.8000 0.8800 0.9200 0.9200 0.9200 1.120
Announcement Date 2/27/20 2/25/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 48.12 59.76 74.41 83.86 71.37 117 74.88 67.26 79.75 60.53 69 67.17 71.86 76.96 71.5
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - - - - - 75.26 23.91 28.14 34.34 18.36 18.36 27.55 28.62 27.54 -
Operating Margin - - - - - 64.32% 31.93% 41.83% 43.06% 30.33% 26.6% 41.01% 39.83% 35.79% -
Earnings before Tax (EBT) 1 18.72 29.31 17.84 45.81 31.3 75.26 23.91 28.14 34.34 18.36 18.36 27.63 30.6 28.44 17.8
Net income 1 18.93 27.11 19.03 35.05 28.58 59.55 22.41 28.16 31.32 19.24 16.61 25.19 26.69 27.98 17.34
Net margin 39.33% 45.37% 25.58% 41.79% 40.05% 50.9% 29.92% 41.87% 39.27% 31.78% 24.07% 37.5% 37.14% 36.35% 24.25%
EPS 2 0.1500 0.2200 0.1500 0.2800 0.2300 0.4800 0.1800 0.2300 0.2500 0.1500 0.1300 0.2000 0.2133 0.2167 0.1400
Dividend per Share 2 0.2000 0.2000 0.2000 0.2200 0.2300 0.2300 0.2300 0.2300 0.2300 0.2300 0.2300 0.2300 0.2300 0.2300 0.2300
Announcement Date 10/28/21 2/10/22 4/28/22 7/28/22 10/27/22 2/9/23 4/27/23 7/26/23 10/26/23 2/8/24 4/25/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 4,504 2,926 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 13.1% 4.78% 3.97% 9.7% 10.9% 9.3% 9.8% -
ROA (Net income/ Total Assets) 2.93% 1.14% - - - - - -
Assets 1 4,182 -1,263 - - - - - -
Book Value Per Share 2 13.60 13.70 12.00 12.10 12.30 12.20 12.50 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 2/25/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
11 USD
Average target price
12.33 USD
Spread / Average Target
+12.12%
Consensus
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