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OPENDOOR TECHNOLOGIES INC (OPEN) Stock Fundamental Analysis

NASDAQ:OPEN - Nasdaq - US6837121036 - Common Stock - Currency: USD

1.39  -0.09 (-6.08%)

After market: 1.4 +0.01 (+0.72%)

Fundamental Rating

2

OPEN gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 63 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of OPEN have multiple concerns. While showing a medium growth rate, OPEN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

OPEN had negative earnings in the past year.
OPEN had a negative operating cash flow in the past year.
OPEN had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: OPEN reported negative operating cash flow in multiple years.
OPEN Yearly Net Income VS EBIT VS OCF VS FCFOPEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B -4B

1.2 Ratios

Looking at the Return On Assets, with a value of -10.85%, OPEN is doing worse than 70.00% of the companies in the same industry.
With a Return On Equity value of -46.19%, OPEN is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -10.85%
ROE -46.19%
ROIC N/A
ROA(3y)-11.72%
ROA(5y)-12.41%
ROE(3y)-60.82%
ROE(5y)-50.18%
ROIC(3y)N/A
ROIC(5y)N/A
OPEN Yearly ROA, ROE, ROICOPEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 -20 -40 -60 -80 -100

1.3 Margins

OPEN's Gross Margin of 8.50% is on the low side compared to the rest of the industry. OPEN is outperformed by 75.00% of its industry peers.
In the last couple of years the Gross Margin of OPEN has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for OPEN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.56%
GM growth 5Y-0.63%
OPEN Yearly Profit, Operating, Gross MarginsOPEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10 -20

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3

2. Health

2.1 Basic Checks

OPEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for OPEN has been increased compared to 1 year ago.
Compared to 5 years ago, OPEN has more shares outstanding
The debt/assets ratio for OPEN has been reduced compared to a year ago.
OPEN Yearly Shares OutstandingOPEN Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 200M 400M 600M
OPEN Yearly Total Debt VS Total AssetsOPEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

OPEN has an Altman-Z score of 0.77. This is a bad value and indicates that OPEN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.77, OPEN is not doing good in the industry: 61.67% of the companies in the same industry are doing better.
A Debt/Equity ratio of 2.33 is on the high side and indicates that OPEN has dependencies on debt financing.
OPEN has a Debt to Equity ratio of 2.33. This is amonst the worse of the industry: OPEN underperforms 81.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.33
Debt/FCF N/A
Altman-Z 0.77
ROIC/WACCN/A
WACC6.49%
OPEN Yearly LT Debt VS Equity VS FCFOPEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 0 2B -2B -4B

2.3 Liquidity

A Current Ratio of 4.53 indicates that OPEN has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.53, OPEN belongs to the top of the industry, outperforming 81.67% of the companies in the same industry.
OPEN has a Quick Ratio of 1.55. This is a normal value and indicates that OPEN is financially healthy and should not expect problems in meeting its short term obligations.
OPEN has a Quick ratio of 1.55. This is comparable to the rest of the industry: OPEN outperforms 55.00% of its industry peers.
Industry RankSector Rank
Current Ratio 4.53
Quick Ratio 1.55
OPEN Yearly Current Assets VS Current LiabilitesOPEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

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4

3. Growth

3.1 Past

OPEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 74.36%, which is quite impressive.
Looking at the last year, OPEN shows a very negative growth in Revenue. The Revenue has decreased by -44.71% in the last year.
OPEN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.46% yearly.
EPS 1Y (TTM)74.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.09%
Revenue 1Y (TTM)-44.71%
Revenue growth 3Y39.06%
Revenue growth 5Y30.46%
Sales Q2Q%40.51%

3.2 Future

Based on estimates for the next years, OPEN will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.82% on average per year.
OPEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.75% yearly.
EPS Next Y66.42%
EPS Next 2Y33.14%
EPS Next 3Y23.56%
EPS Next 5Y18.82%
Revenue Next Year-27.02%
Revenue Next 2Y-6.12%
Revenue Next 3Y4.15%
Revenue Next 5Y5.75%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
OPEN Yearly Revenue VS EstimatesOPEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
OPEN Yearly EPS VS EstimatesOPEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 1 -1 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

OPEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year OPEN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OPEN Price Earnings VS Forward Price EarningsOPEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OPEN Per share dataOPEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

OPEN's earnings are expected to grow with 23.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.14%
EPS Next 3Y23.56%

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0

5. Dividend

5.1 Amount

OPEN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (2/21/2025, 8:00:02 PM)

After market: 1.4 +0.01 (+0.72%)

1.39

-0.09 (-6.08%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-27 2025-02-27/amc
Inst Owners56.11%
Inst Owner Change-89.37%
Ins Owners2.98%
Ins Owner Change5.11%
Market Cap993.95M
Analysts53.75
Price Target1.8 (29.5%)
Short Float %10.68%
Short Ratio1.81
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.17%
Min EPS beat(2)24.97%
Max EPS beat(2)57.37%
EPS beat(4)4
Avg EPS beat(4)33.34%
Min EPS beat(4)24.97%
Max EPS beat(4)57.37%
EPS beat(8)8
Avg EPS beat(8)27.58%
EPS beat(12)10
Avg EPS beat(12)35.42%
EPS beat(16)13
Avg EPS beat(16)7.01%
Revenue beat(2)2
Avg Revenue beat(2)3.72%
Min Revenue beat(2)0.87%
Max Revenue beat(2)6.58%
Revenue beat(4)4
Avg Revenue beat(4)4.12%
Min Revenue beat(4)0.87%
Max Revenue beat(4)6.58%
Revenue beat(8)7
Avg Revenue beat(8)5.52%
Revenue beat(12)10
Avg Revenue beat(12)8.49%
Revenue beat(16)13
Avg Revenue beat(16)8.6%
PT rev (1m)-8.65%
PT rev (3m)-8.65%
EPS NQ rev (1m)0.73%
EPS NQ rev (3m)0.73%
EPS NY rev (1m)0.2%
EPS NY rev (3m)7.27%
Revenue NQ rev (1m)0.64%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-2.41%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.2
P/FCF N/A
P/OCF N/A
P/B 1.24
P/tB 1.25
EV/EBITDA N/A
EPS(TTM)-0.4
EYN/A
EPS(NY)-0.27
Fwd EYN/A
FCF(TTM)-1.52
FCFYN/A
OCF(TTM)-1.48
OCFYN/A
SpS6.91
BVpS1.12
TBVpS1.12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -10.85%
ROE -46.19%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.5%
FCFM N/A
ROA(3y)-11.72%
ROA(5y)-12.41%
ROE(3y)-60.82%
ROE(5y)-50.18%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.56%
GM growth 5Y-0.63%
F-Score3
Asset Turnover1.45
Health
Industry RankSector Rank
Debt/Equity 2.33
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 59.62%
Cap/Sales 0.63%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.53
Quick Ratio 1.55
Altman-Z 0.77
F-Score3
WACC6.49%
ROIC/WACCN/A
Cap/Depr(3y)57.95%
Cap/Depr(5y)64.17%
Cap/Sales(3y)0.4%
Cap/Sales(5y)0.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)74.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.09%
EPS Next Y66.42%
EPS Next 2Y33.14%
EPS Next 3Y23.56%
EPS Next 5Y18.82%
Revenue 1Y (TTM)-44.71%
Revenue growth 3Y39.06%
Revenue growth 5Y30.46%
Sales Q2Q%40.51%
Revenue Next Year-27.02%
Revenue Next 2Y-6.12%
Revenue Next 3Y4.15%
Revenue Next 5Y5.75%
EBIT growth 1Y27.11%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year59.86%
EBIT Next 3Y27.52%
EBIT Next 5Y17.66%
FCF growth 1Y-81.73%
FCF growth 3Y51.41%
FCF growth 5YN/A
OCF growth 1Y-90.31%
OCF growth 3Y50.92%
OCF growth 5YN/A