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OPENDOOR TECHNOLOGIES INC (OPEN) Stock Fundamental Analysis

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

0.7393  -0.1 (-12.1%)

Fundamental Rating

2

OPEN gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 64 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of OPEN have multiple concerns. OPEN is quite expensive at the moment. It does show a decent growth rate.


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.
In the past 5 years OPEN always reported negative net income.
In multiple years OPEN reported negative operating cash flow during the last 5 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 2024 0 2B -2B -4B

1.2 Ratios

OPEN has a Return On Assets of -12.54%. This is in the lower half of the industry: OPEN underperforms 65.63% of its industry peers.
With a Return On Equity value of -54.98%, OPEN is not doing good in the industry: 71.88% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -12.54%
ROE -54.98%
ROIC N/A
ROA(3y)-13.57%
ROA(5y)-11.86%
ROE(3y)-69.33%
ROE(5y)-50.65%
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 2024 -20 -40 -60 -80 -100

1.3 Margins

OPEN has a Gross Margin of 8.40%. This is in the lower half of the industry: OPEN underperforms 70.31% of its industry peers.
OPEN's Gross Margin has improved in the last couple of years.
OPEN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.4%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.63%
GM growth 5Y5.77%
OPEN Yearly Profit, Operating, Gross MarginsOPEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20

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2. Health

2.1 Basic Checks

OPEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
OPEN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, OPEN has more shares outstanding
OPEN has a worse debt/assets ratio than last year.
OPEN Yearly Shares OutstandingOPEN Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 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 2024 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of 0.77, we must say that OPEN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of OPEN (0.77) is comparable to the rest of the industry.
OPEN has a Debt/Equity ratio of 2.62. This is a high value indicating a heavy dependency on external financing.
OPEN's Debt to Equity ratio of 2.62 is on the low side compared to the rest of the industry. OPEN is outperformed by 78.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.62
Debt/FCF N/A
Altman-Z 0.77
ROIC/WACCN/A
WACC6.4%
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 2024 0 2B -2B -4B

2.3 Liquidity

OPEN has a Current Ratio of 5.67. This indicates that OPEN is financially healthy and has no problem in meeting its short term obligations.
OPEN has a Current ratio of 5.67. This is amongst the best in the industry. OPEN outperforms 85.94% of its industry peers.
A Quick Ratio of 1.58 indicates that OPEN should not have too much problems paying its short term obligations.
The Quick ratio of OPEN (1.58) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 5.67
Quick Ratio 1.58
OPEN Yearly Current Assets VS Current LiabilitesOPEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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3. Growth

3.1 Past

OPEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 68.91%, which is quite impressive.
OPEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.81%.
OPEN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.68% yearly.
EPS 1Y (TTM)68.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%21.43%
Revenue 1Y (TTM)-25.81%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%24.6%

3.2 Future

The Earnings Per Share is expected to grow by 39.49% on average over the next years. This is a very strong growth
OPEN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.05% yearly.
EPS Next Y15.04%
EPS Next 2Y14.49%
EPS Next 3Y8.59%
EPS Next 5Y39.49%
Revenue Next Year3.92%
Revenue Next 2Y12.37%
Revenue Next 3Y12.99%
Revenue Next 5Y17.05%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2

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4. Valuation

4.1 Price/Earnings Ratio

OPEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for OPEN. No positive earnings are expected for the next year.
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 10 20 30

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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.49%
EPS Next 3Y8.59%

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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 (4/24/2025, 11:49:09 AM)

0.7393

-0.1 (-12.1%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-27 2025-02-27/amc
Earnings (Next)05-06 2025-05-06/amc
Inst Owners56.11%
Inst Owner Change-0.07%
Ins Owners2.98%
Ins Owner Change6.78%
Market Cap534.90M
Analysts53.75
Price Target1.5 (102.89%)
Short Float %11.23%
Short Ratio1.66
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)23.01%
Min EPS beat(2)21.05%
Max EPS beat(2)24.97%
EPS beat(4)4
Avg EPS beat(4)32.12%
Min EPS beat(4)21.05%
Max EPS beat(4)57.37%
EPS beat(8)8
Avg EPS beat(8)26.25%
EPS beat(12)11
Avg EPS beat(12)41.71%
EPS beat(16)14
Avg EPS beat(16)33.03%
Revenue beat(2)2
Avg Revenue beat(2)7.38%
Min Revenue beat(2)6.58%
Max Revenue beat(2)8.18%
Revenue beat(4)4
Avg Revenue beat(4)5.36%
Min Revenue beat(4)0.87%
Max Revenue beat(4)8.18%
Revenue beat(8)7
Avg Revenue beat(8)4.86%
Revenue beat(12)10
Avg Revenue beat(12)7.65%
Revenue beat(16)14
Avg Revenue beat(16)9.11%
PT rev (1m)-13.68%
PT rev (3m)-23.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.3%
EPS NY rev (1m)-16.21%
EPS NY rev (3m)-17.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-20.65%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-13.78%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.1
P/FCF N/A
P/OCF N/A
P/B 0.75
P/tB 0.75
EV/EBITDA N/A
EPS(TTM)-0.37
EYN/A
EPS(NY)-0.31
Fwd EYN/A
FCF(TTM)-0.86
FCFYN/A
OCF(TTM)-0.82
OCFYN/A
SpS7.12
BVpS0.99
TBVpS0.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -12.54%
ROE -54.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.4%
FCFM N/A
ROA(3y)-13.57%
ROA(5y)-11.86%
ROE(3y)-69.33%
ROE(5y)-50.65%
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-2.63%
GM growth 5Y5.77%
F-Score2
Asset Turnover1.65
Health
Industry RankSector Rank
Debt/Equity 2.62
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 52.08%
Cap/Sales 0.49%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.67
Quick Ratio 1.58
Altman-Z 0.77
F-Score2
WACC6.4%
ROIC/WACCN/A
Cap/Depr(3y)51.19%
Cap/Depr(5y)54.15%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)68.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%21.43%
EPS Next Y15.04%
EPS Next 2Y14.49%
EPS Next 3Y8.59%
EPS Next 5Y39.49%
Revenue 1Y (TTM)-25.81%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%24.6%
Revenue Next Year3.92%
Revenue Next 2Y12.37%
Revenue Next 3Y12.99%
Revenue Next 5Y17.05%
EBIT growth 1Y18.68%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year70.64%
EBIT Next 3Y28.21%
EBIT Next 5Y20.92%
FCF growth 1Y-126.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-125.38%
OCF growth 3YN/A
OCF growth 5YN/A