Company Valuation: Redwood Trust, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,513 766.2 879.1 863.7 700.6 564 - -
Change - -49.34% 14.73% -1.75% -18.89% -19.49% - -
Enterprise Value (EV) 1 1,513 766.2 13,637 17,352 45,028 56,402 58,942 564
Change - -49.34% 1,679.72% 27.24% 159.5% 25.26% 4.5% -99.04%
P/E 5.57x -4.73x -67.4x 20.4x -9.07x 16x 4.97x 4.33x
PBR 1.09x 0.71x 0.86x 0.77x 0.75x 0.64x 0.61x 0.6x
PEG - 0x 0.7x -0x 0x -0x 0x 0.3x
Capitalization / Revenue 10.2x 4.94x 9.45x 8.42x 8.48x 3.87x 3.46x 3.63x
EV / Revenue 10.2x 4.94x 147x 169x 545x 387x 362x 3.63x
EV / EBITDA - - - - - 37.9x 32.7x -
EV / EBIT 6.22x -4.33x - 267x -1,001x 37.9x 32.8x -
EV / FCF - - - - - 592x 450x -
FCF Yield - - - - - 0.17% 0.22% -
Dividend per Share 2 0.78 0.92 0.71 0.67 0.72 0.72 0.74 0.72
Rate of return 5.91% 13.6% 9.58% 10.3% 13% 16% 16.5% 16%
EPS 2 2.37 -1.43 -0.11 0.32 -0.61 0.2799 0.9039 1.037
Distribution rate 32.9% -64.3% -645% 209% -118% 257% 81.9% 69.4%
Net sales 1 148 155 93 102.6 82.6 145.6 162.9 155.5
EBITDA 1 - - - - - 1,490 1,800 -
EBIT 1 243 -177 - 64.9 -45 1,490 1,798 -
Net income 1 320 -164 -9 47 -77 41.06 118.9 133.5
Net Debt 1 - - 12,758 16,488 44,327 55,838 58,378 -
Reference price 2 13.190 6.760 7.410 6.530 5.530 4.490 4.490 4.490
Nbr of stocks (in thousands) 114,675 113,350 118,636 132,267 126,682 125,612 - -
Announcement Date 09/02/22 09/02/23 20/02/24 13/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.04x387.28x37.85x16.04% 564M
7.62x66.32x18.02x12.97% 17.12B
10.17x73.92x52.97x13.56% 12.59B
20.88x10.45x14.14x12.14% 5.86B
10.95x - - 9.98% 5.6B
11.04x - - 16% 3.15B
-90.45x49.89x - 12.98% 2.39B
9.14x - - 17.83% 2.29B
6.31x - - 11.7% 1.72B
7.09x - - 19.33% 1.3B
Average 0.88x 117.57x 30.74x 14.25% 5.26B
Weighted average by Cap. 5.91x 63.99x 29.88x 13.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Redwood Trust, Inc.