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REDFIN CORP (RDFN) Stock Fundamental Analysis

NASDAQ:RDFN - Nasdaq - US75737F1084 - Common Stock - Currency: USD

8.76  +0.53 (+6.44%)

After market: 8.81 +0.05 (+0.57%)

Fundamental Rating

2

Taking everything into account, RDFN scores 2 out of 10 in our fundamental rating. RDFN was compared to 64 industry peers in the Real Estate Management & Development industry. RDFN may be in some trouble as it scores bad on both profitability and health. RDFN is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

In the past year RDFN has reported negative net income.
RDFN had a negative operating cash flow in the past year.
RDFN had negative earnings in each of the past 5 years.
In multiple years RDFN reported negative operating cash flow during the last 5 years.
RDFN Yearly Net Income VS EBIT VS OCF VS FCFRDFN 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 -100M -200M -300M

1.2 Ratios

With a Return On Assets value of -16.38%, RDFN is not doing good in the industry: 71.88% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -16.38%
ROE N/A
ROIC N/A
ROA(3y)-16.08%
ROA(5y)-11.14%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
RDFN Yearly ROA, ROE, ROICRDFN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 -200 -300

1.3 Margins

RDFN's Gross Margin of 34.92% is fine compared to the rest of the industry. RDFN outperforms 62.50% of its industry peers.
In the last couple of years the Gross Margin of RDFN has grown nicely.
RDFN 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 34.92%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y18.46%
GM growth 5Y13.57%
RDFN Yearly Profit, Operating, Gross MarginsRDFN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60

1

2. Health

2.1 Basic Checks

RDFN does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, RDFN has more shares outstanding
The number of shares outstanding for RDFN has been increased compared to 5 years ago.
Compared to 1 year ago, RDFN has a worse debt to assets ratio.
RDFN Yearly Shares OutstandingRDFN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
RDFN Yearly Total Debt VS Total AssetsRDFN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

RDFN has an Altman-Z score of -0.20. This is a bad value and indicates that RDFN is not financially healthy and even has some risk of bankruptcy.
RDFN's Altman-Z score of -0.20 is on the low side compared to the rest of the industry. RDFN is outperformed by 70.31% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -0.2
ROIC/WACCN/A
WACC6.85%
RDFN Yearly LT Debt VS Equity VS FCFRDFN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

A Current Ratio of 1.13 indicates that RDFN should not have too much problems paying its short term obligations.
RDFN's Current ratio of 1.13 is on the low side compared to the rest of the industry. RDFN is outperformed by 64.06% of its industry peers.
RDFN has a Quick Ratio of 1.13. This is a normal value and indicates that RDFN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.13, RDFN is in line with its industry, outperforming 40.63% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.13
RDFN Yearly Current Assets VS Current LiabilitesRDFN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 12.18% over the past year.
RDFN shows a small growth in Revenue. In the last year, the Revenue has grown by 6.78%.
RDFN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.99% yearly.
EPS 1Y (TTM)12.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-45%
Revenue 1Y (TTM)6.78%
Revenue growth 3Y-18.45%
Revenue growth 5Y5.99%
Sales Q2Q%12.02%

3.2 Future

The Earnings Per Share is expected to grow by 23.55% on average over the next years. This is a very strong growth
Based on estimates for the next years, RDFN will show a quite strong growth in Revenue. The Revenue will grow by 10.96% on average per year.
EPS Next Y19.42%
EPS Next 2Y22.65%
EPS Next 3Y17.89%
EPS Next 5Y23.55%
Revenue Next Year-1.41%
Revenue Next 2Y2.19%
Revenue Next 3Y5.56%
Revenue Next 5Y10.96%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
RDFN Yearly Revenue VS EstimatesRDFN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
RDFN Yearly EPS VS EstimatesRDFN Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2 -3

0

4. Valuation

4.1 Price/Earnings Ratio

RDFN 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 RDFN. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
RDFN Price Earnings VS Forward Price EarningsRDFN 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
RDFN Per share dataRDFN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 8

4.3 Compensation for Growth

A more expensive valuation may be justified as RDFN's earnings are expected to grow with 17.89% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y22.65%
EPS Next 3Y17.89%

0

5. Dividend

5.1 Amount

No dividends for RDFN!.
Industry RankSector Rank
Dividend Yield N/A

REDFIN CORP

NASDAQ:RDFN (4/22/2025, 5:31:02 PM)

After market: 8.81 +0.05 (+0.57%)

8.76

+0.53 (+6.44%)

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)05-01 2025-05-01/amc
Inst Owners61.18%
Inst Owner Change-0.87%
Ins Owners4.35%
Ins Owner Change2.39%
Market Cap1.12B
Analysts69
Price Target9.56 (9.13%)
Short Float %15.67%
Short Ratio2.24
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP-0.22%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-27.26%
Min EPS beat(2)-35.52%
Max EPS beat(2)-18.99%
EPS beat(4)2
Avg EPS beat(4)-9.64%
Min EPS beat(4)-35.52%
Max EPS beat(4)14.32%
EPS beat(8)6
Avg EPS beat(8)2.5%
EPS beat(12)8
Avg EPS beat(12)2.28%
EPS beat(16)10
Avg EPS beat(16)2.44%
Revenue beat(2)0
Avg Revenue beat(2)-2.08%
Min Revenue beat(2)-2.91%
Max Revenue beat(2)-1.24%
Revenue beat(4)1
Avg Revenue beat(4)-0.86%
Min Revenue beat(4)-2.91%
Max Revenue beat(4)1.48%
Revenue beat(8)2
Avg Revenue beat(8)-1.17%
Revenue beat(12)3
Avg Revenue beat(12)-13.2%
Revenue beat(16)6
Avg Revenue beat(16)-9.29%
PT rev (1m)21.2%
PT rev (3m)2.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-79.88%
EPS NY rev (1m)-12.65%
EPS NY rev (3m)86.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.17%
Revenue NY rev (1m)-1.97%
Revenue NY rev (3m)-10.21%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.07
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-1.37
EYN/A
EPS(NY)-1.1
Fwd EYN/A
FCF(TTM)-0.34
FCFYN/A
OCF(TTM)-0.25
OCFYN/A
SpS8.16
BVpS-0.65
TBVpS-5.06
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -16.38%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 34.92%
FCFM N/A
ROA(3y)-16.08%
ROA(5y)-11.14%
ROE(3y)N/A
ROE(5y)N/A
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 3Y18.46%
GM growth 5Y13.57%
F-Score4
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 26.21%
Cap/Sales 1.07%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.13
Quick Ratio 1.13
Altman-Z -0.2
F-Score4
WACC6.85%
ROIC/WACCN/A
Cap/Depr(3y)26.19%
Cap/Depr(5y)47.61%
Cap/Sales(3y)1.08%
Cap/Sales(5y)1.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-45%
EPS Next Y19.42%
EPS Next 2Y22.65%
EPS Next 3Y17.89%
EPS Next 5Y23.55%
Revenue 1Y (TTM)6.78%
Revenue growth 3Y-18.45%
Revenue growth 5Y5.99%
Sales Q2Q%12.02%
Revenue Next Year-1.41%
Revenue Next 2Y2.19%
Revenue Next 3Y5.56%
Revenue Next 5Y10.96%
EBIT growth 1Y28.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year102.97%
EBIT Next 3Y33.55%
EBIT Next 5Y27.15%
FCF growth 1Y-197.35%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-156.92%
OCF growth 3YN/A
OCF growth 5YN/A