Ladder Capital Corp Financial Ratios — LADR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	604.85	99.59	365.28	60.81	140.67	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	5.4	6.42	6.21	0.68	1.26	1.16	1.64	2.93	1.9	-0.23	0.96	2.41	1.76	2.09	1.28
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	8.24	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	0.96	1.51	69.66	9.9	11.96	14.61	13.23	10.07	12.66	30.45	21.44	9.1	10.45	11.04	14.42
Operating Margin (%)	- -	- -	62.41	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	287.05	1,343.45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	67.66	71.29	62.41	42.25	49.51	44.57	44.68	57.17	47.59	-15.9	34.52	50.11	38.94	39.97	31.55
Profit Margin (%)	66.25	70.24	61.56	10.73	22.74	24.77	31.86	45.07	41.8	-11.94	33.74	41.87	37.59	39.01	30.14
Net Income to Common Margin (%)	66.25	14.05	61.56	10.73	22.74	24.77	31.86	45.07	41.8	-11.94	33.74	41.87	37.59	39.01	30.14
Effective Tax Rate (%)	2.06	1.5	1.94	21.42	9.06	5.26	5.77	2.91	1.89	- -	1.6	2.88	4.05	3.11	5.2
Dvd Payout Ratio (%)	61.3	-184.7	49.91	0.23	18.28	41.79	63.95	46.62	95.49	-2,659.09	175.6	56.8	116.56	110.38	185.76
Sustainable Growth Rate (%)	234.09	283.53	182.98	60.67	114.96	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	19	694	1,605	2,751	3,014	2,835	3,906	3,789	3,044	3,389	3,775	3,398	3,177	3,073	2,883
ST Debt	- -	- -	- -	83	- -	25	- -	- -	- -	266	- -	- -	- -	- -	280
LT Debt	19	694	1,605	2,669	3,014	2,810	3,906	3,789	3,044	3,123	3,775	3,398	3,177	3,073	2,603
Total Debt/EBITDA	17.79	190.54	7.47	94.55	77.66	72.06	98.78	94.2	81.93	91.98	105.12	109.93	113	100.33	93.92
Net Debt/EBITDA	-63.03	178.13	7.1	91.93	74.85	70.93	96.84	92.52	80.37	57.93	89.84	90.22	76.88	57.12	92.68
Total Debt/EBIT	- -	- -	8.34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	7.93	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.89	1.69	1.71	0.76	1.03	-0.2	-0.65	0.18	-0.53	-2.78	-3.55	-2.97	-3.59	-4.27	-5.05
Long-Term Debt/Equity (%)	1.88	63.16	135.42	177.29	202.09	186.14	262.5	230.52	185.72	201.66	249.41	221.57	207.37	200.46	175.74
Long-Term Debt/Capital (%)	1.84	38.71	57.52	75.91	80.63	83.58	94.8	94.75	95.45	96.65	105.63	105.48	106.67	107.29	99.33
Long-Term Debt/Total Assets (%)	0.7	26.39	46	45.9	51.13	50.37	64.83	60.4	45.64	53.09	64.52	57.1	57.64	63.42	50.53
Total Debt/Equity (%)	1.88	63.16	135.42	182.78	202.09	187.8	262.5	230.52	185.72	218.87	249.41	221.57	207.37	200.46	194.65
Total Debt/Capital (%)	1.84	38.71	57.52	78.27	80.63	84.32	94.8	94.75	95.45	104.9	105.63	105.48	106.67	107.29	110.02
Total Debt/Total Assets (%)	0.7	26.39	46	47.32	51.13	50.82	64.83	60.4	45.64	57.62	64.52	57.1	57.64	63.42	55.96
Net Debt to Equity	-6.65	59.05	128.78	177.72	194.78	184.85	257.35	226.39	182.17	137.86	213.16	181.85	141.08	114.12	192.08
Net Debt/Capital (%)	-7.13	37.13	56.29	77.78	80.05	84.11	94.7	94.66	95.37	108.01	106.65	106.76	110.12	113.56	110.16
EBITDA	1	4	215	29	39	39	40	40	37	37	36	31	28	31	31
EBITDA-CapEx	- -	3	215	29	39	39	40	40	37	37	36	31	28	31	31
Operating Income (Loss)	- -	- -	192	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.89	1.69	1.71	0.76	1.03	-0.2	-0.65	0.18	-0.53	-2.78	-3.55	-2.97	-3.59	-4.27	-5.05
Long-Term Debt/Equity (%)	1.88	63.16	135.42	177.29	202.09	186.14	262.5	230.52	185.72	201.66	249.41	221.57	207.37	200.46	175.74
Long-Term Debt/Capital (%)	1.84	38.71	57.52	75.91	80.63	83.58	94.8	94.75	95.45	96.65	105.63	105.48	106.67	107.29	99.33
Long-Term Debt/Total Assets (%)	0.7	26.39	46	45.9	51.13	50.37	64.83	60.4	45.64	53.09	64.52	57.1	57.64	63.42	50.53
Total Debt/Equity (%)	1.88	63.16	135.42	182.78	202.09	187.8	262.5	230.52	185.72	218.87	249.41	221.57	207.37	200.46	194.65
Total Debt/Capital (%)	1.84	38.71	57.52	78.27	80.63	84.32	94.8	94.75	95.45	104.9	105.63	105.48	106.67	107.29	110.02
Total Debt/Total Assets (%)	0.7	26.39	46	47.32	51.13	50.82	64.83	60.4	45.64	57.62	64.52	57.1	57.64	63.42	55.96
CFO/Total Liabilities	20.43	-7.58	20.62	4.84	-0.87	8.32	0.26	4.33	3.64	2.58	1.84	2.42	4.54	4.04	2.37
CFO/CapEx	258.31	-330.47	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.04	0.09	0.28	0.2	0.16	0.17	0.19	0.26	0.26	0.13	0.18	0.19	0.21	0.25	0.2

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	18.4	20.24	22.8	14.84	13.68	11.41	11.89	15.05	12.16	6.51	11.27	17.61	10.94	14.93	14.77
Days Sales Outstanding	19.83	18.03	16.01	24.6	26.67	31.99	30.71	24.26	30.03	56.03	32.39	20.73	33.36	24.45	24.71
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	967	642	851	1,116	1,504	1,902	1,099	1,484	1,248	1,435	1,405	1,379
- Cash & Cash Equivalents	84	45	79	76	109	45	77	68	58	1,254	549	609	1,016	1,323	38
+ Preferred Equity and Hybrid Capital	965	1,053	1,117	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	1	9	720	663	538	253	198	181	5	6	- -	-1	-2	-3
+ Total Debt	19	694	1,605	2,751	3,014	2,835	3,906	3,789	3,044	3,389	3,775	3,398	3,177	3,073	2,883
Enterprise Value	599	1,384	995	3,860	3,598	4,035	4,913	5,068	4,877	3,007	4,411	3,657	3,458	2,960	3,939
Total Capital	1,008	1,792	2,790	3,515	3,738	3,362	4,121	3,999	3,189	3,231	3,574	3,221	2,979	2,864	2,621
Total Debt/Capital (%)	1.84	38.71	57.52	78.27	80.63	84.32	94.8	94.75	95.45	104.9	105.63	105.48	106.67	107.29	110.02
Total Debt / EV	0.03	0.5	1.61	0.71	0.84	0.7	0.8	0.75	0.62	1.13	0.86	0.93	0.92	1.04	0.73
EV/Sales	5.54	5.73	3.23	13.13	11.08	14.98	16.43	12.69	16.62	24.84	26.33	10.77	12.86	10.67	18.5
EV/EBITDA	574.13	380.05	4.63	132.63	92.69	102.57	124.23	126.01	131.27	81.6	122.82	118.32	122.99	96.65	128.29
EV/EBIT	- -	- -	5.17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.76	- -	2.09	18.5	- -	11.92	409.9	25.29	26.62	26.86	55.32	34.27	19.15	22.1	45.26
EV/Free Cash Flow to Firm	1.75	- -	2.09	18.5	- -	11.92	409.9	25.29	26.62	26.86	55.32	34.27	19.15	22.1	45.26
Diluted Market Cap	- -	- -	- -	1,914	644	1,477	1,495	1,511	1,919	1,099	1,494	1,263	1,437	1,408	1,387
Diluted Enterprise Value	900	1,702	2,652	5,308	4,212	4,805	5,578	5,430	5,086	3,239	4,726	4,052	3,598	3,155	4,230
EV per Share	12.33	28.46	20.46	78.29	69.58	65.09	59.98	52.13	46.24	26.75	35.64	29.42	27.74	23.57	31.39
TTM Sales	108	241	308	294	325	269	299	399	293	121	168	340	269	277	213
TTM EBITDA	1	4	215	29	39	39	40	40	37	37	36	31	28	31	31
TTM Operating Income	- -	- -	192	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	340	-116	475	209	-38	338	12	200	183	112	80	107	181	134	87
TTM Free Cash Flow to Firm	342	-116	475	209	-38	338	12	200	183	112	80	107	181	134	87

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	9.17	-16.82	4.36	124.76	7.54	10.48	9.82	18.73	11.84	7.96	10.51	15.94
EV/EBIT	- -	- -	5.17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	599	1,384	995	3,860	3,598	4,035	4,913	5,068	4,877	3,007	4,411	3,657	3,458	2,960	3,939
Low Price	- -	- -	- -	16.5	11.59	8.64	12.83	13.42	15.24	2.65	9.26	8.67	8.76	10.1	9.68
EV/Sales	5.54	5.73	3.23	13.13	11.08	14.98	16.43	12.69	16.62	24.84	26.33	10.77	12.86	10.67	18.5
EV/EBITDA	574.13	380.05	4.63	132.63	92.69	102.57	124.23	126.01	131.27	81.6	122.82	118.32	122.99	96.65	128.29
Price/Earnings	- -	- -	- -	30.63	8.7	12.75	11.72	8.36	15.51	- -	26.25	8.78	14.19	12.98	21.49
Price/Earnings Average	- -	- -	- -	28.93	11.52	11.56	11.93	8.56	14.6	-75.04	25.01	9.72	12.88	13.14	21.52
Price/Earnings High	- -	- -	- -	32.46	14.01	14.43	13.09	9.7	16.18	-147.62	27.7	11.1	14.79	14.48	23.31
Price/Earnings Low	- -	- -	- -	25.77	8.12	8.03	11.03	7.25	13.1	-20.62	20.28	7.58	10.8	11.72	18.93
Price/Book Value	- -	- -	- -	21.85	10.58	-77.06	-28.62	131.25	-53.4	-6.72	-7.15	-7.06	-7.26	-6.8	-5.3
Price/Book Value Average	- -	- -	- -	20.64	14.01	-69.87	-29.15	134.41	-50.27	-6.63	-6.81	-7.82	-6.59	-6.88	-5.31
Price/Book Value High	- -	- -	- -	23.16	17.03	-87.23	-31.98	152.37	-55.71	-13.04	-7.54	-8.92	-7.57	-7.58	-5.75
Price/Book Value Low	- -	- -	- -	18.39	9.87	-48.53	-26.94	113.85	-45.11	-1.82	-5.52	-6.09	-5.52	-6.13	-4.67
Price/Tangible Book Value	- -	- -	- -	0.7	0.47	0.63	0.86	1.02	1.29	0.79	1.08	0.88	1.01	0.99	1.01
Price/Tangible Book Value Average	- -	- -	- -	0.66	0.63	0.57	0.88	1.04	1.21	0.78	1.03	0.97	0.92	1	1.01
Price/Tangible Book Value High	- -	- -	- -	0.74	0.76	0.71	0.96	1.18	1.34	1.53	1.14	1.11	1.06	1.1	1.1
Price/Tangible Book Value Low	- -	- -	- -	0.59	0.44	0.4	0.81	0.88	1.09	0.21	0.84	0.76	0.77	0.89	0.89
Price/Sales	- -	- -	- -	3.29	1.98	3.16	3.73	3.77	6.48	9.08	8.86	3.67	5.33	5.06	6.48
Price/Sales Average	- -	- -	- -	3.1	2.62	2.86	3.8	3.86	6.1	8.96	8.44	4.07	4.84	5.13	6.49
Price/Sales High	- -	- -	- -	3.48	3.19	3.57	4.17	4.37	6.76	17.62	9.35	4.65	5.56	5.65	7.02
Price/Sales Low	- -	- -	- -	2.77	1.85	1.99	3.51	3.27	5.48	2.46	6.84	3.17	4.06	4.57	5.7
Price/Cash Flow	- -	- -	- -	4.63	-16.76	2.51	93.14	7.5	10.38	9.82	18.61	11.7	7.95	10.49	15.85
Price/Cash Flow Average	- -	- -	- -	4.37	-22.21	2.28	94.85	7.68	9.78	9.68	17.73	12.96	7.21	10.62	15.88
Price/Cash Flow High	- -	- -	- -	4.91	-26.99	2.85	104.08	8.71	10.83	19.05	19.63	14.79	8.28	11.7	17.19
Price/Cash Flow Low	- -	- -	- -	3.9	-15.64	1.58	87.68	6.51	8.77	2.66	14.37	10.1	6.05	9.47	13.96
Price/Free Cash Flow Average	- -	- -	- -	8.66	-22.28	3.96	127.05	7.72	9.86	9.68	17.84	13.11	7.22	10.64	15.97
Price/Free Cash Flow High	- -	- -	- -	9.72	-27.08	4.94	139.41	8.75	10.93	19.05	19.76	14.97	8.3	11.72	17.29
Price/Free Cash Flow Low	- -	- -	- -	7.72	-15.69	2.75	117.44	6.54	8.85	2.66	14.47	10.22	6.06	9.49	14.04
EV/Sales Average	8.31	7.05	8.6	14.65	13.61	15.22	17.46	13.67	16.89	26.64	27.74	12.28	12.87	11.42	19.84
EV/Sales High	8.31	7.05	8.6	15.03	14.18	15.93	17.83	14.19	17.55	35.3	28.65	12.86	13.59	11.95	20.38
EV/Sales Low	8.31	7.05	8.6	14.31	12.84	14.35	17.17	13.08	16.27	20.14	26.14	11.38	12.09	10.87	19.06
EV/EBITDA Average	861.87	467.61	12.34	148.04	113.85	104.22	131.99	135.75	133.44	87.5	129.38	134.96	123.16	103.51	137.6
EV/EBITDA High	861.87	467.61	12.34	151.87	118.58	109.09	134.79	140.87	138.65	115.95	133.61	141.3	130.05	108.22	141.32
EV/EBITDA Low	861.87	467.61	12.34	144.62	107.37	98.23	129.82	129.89	128.49	66.16	121.93	125.09	115.69	98.46	132.16
EV/EBIT Average	- -	- -	13.78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	13.78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	13.78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	19.61	12.42	13.72	13.63	15.47	18.04	9.78	11.99	10.04	11.51	11.19	10.99
High Price	- -	- -	- -	20.78	20	15.53	15.23	17.96	18.82	18.97	12.65	12.7	12	12.48	11.92
Enterprise Value Average	900	1,702	2,652	4,308	4,419	4,100	5,220	5,460	4,957	3,224	4,647	4,172	3,463	3,170	4,224
Enterprise Value High	900	1,702	2,652	4,419	4,602	4,291	5,330	5,666	5,151	4,272	4,798	4,368	3,657	3,315	4,339
Enterprise Value Low	900	1,702	2,652	4,208	4,167	3,864	5,134	5,224	4,774	2,438	4,379	3,867	3,253	3,016	4,058

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	49	49	49	51	55	72	94	104	108	126	125	127	127	127	127
Diluted Weighted Avg Shares	49	49	49	98	52	108	110	98	106	112	125	126	125	126	126
Basic Weighted Avg Shares	49	49	49	49	52	62	82	97	105	112	124	124	125	126	125
Revenue per Share	2.23	4.96	6.34	5.97	6.28	4.34	3.65	4.11	2.78	1.08	1.35	2.73	2.16	2.21	1.7
EBITDA per Share	0.02	0.07	4.42	0.59	0.75	0.63	0.48	0.41	0.35	0.33	0.29	0.25	0.23	0.24	0.24
Operating Income per Share	- -	- -	3.96	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.48	0.7	3.9	0.64	1.43	1.08	1.16	1.85	1.16	-0.13	0.46	1.14	0.81	0.86	0.51
Basic EPS from Cont Ops	1.48	3.49	3.88	1.98	2.83	1.83	1.54	2.28	1.3	-0.08	0.46	1.33	0.81	0.86	0.51
Diluted EPS, GAAP	1.48	0.7	3.9	0.32	1.42	0.62	0.87	1.84	1.15	-0.13	0.45	1.13	0.81	0.86	0.51
Diluted EPS from Cont Ops	1.48	3.49	3.88	1	2.82	1.06	1.15	2.27	1.29	-0.08	0.46	1.31	0.8	0.85	0.5
Dividend per Share	0.9	1.5	1.93	0.01	0.77	1.08	1.22	1.26	1.37	1.06	0.81	0.86	0.93	0.94	0.94
Cash Flow per Share	7	-2.39	9.77	4.23	-0.74	5.46	0.15	2.06	1.74	1	0.64	0.86	1.45	1.07	0.69
Free Cash Flow per Basic Share	6.97	-2.39	9.77	4.23	-0.74	5.46	0.15	2.06	1.74	1	0.64	0.86	1.45	1.07	0.69
Cash & Equivalents per Share	7.91	7.49	35.71	11.73	13.96	3.04	4.44	4.35	2.37	13.23	6.91	7.96	9.25	12.07	2.56
Book Value per Share	0.49	0.91	1.23	0.9	1.17	-0.18	-0.48	0.12	-0.34	-1.46	-1.68	-1.42	-1.59	-1.65	-2.07
Tangible Book Value per Share	0.38	0.24	-0.32	27.95	26.15	21.85	15.86	15.24	14.01	12.38	11.08	11.41	11.35	11.35	10.88

Ladder Capital Corp

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)