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REDFIN CORP (RDFN) Stock Fundamental Analysis

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

7.805  -0.84 (-9.66%)

After market: 7.85 +0.04 (+0.58%)

Fundamental Rating

1

Taking everything into account, RDFN scores 1 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

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1

1. Profitability

1.1 Basic Checks

RDFN had negative earnings in the past year.
RDFN had a negative operating cash flow in the past year.
In the past 5 years RDFN always reported negative net income.
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 0 -100M -200M -300M

1.2 Ratios

With a Return On Assets value of -13.23%, RDFN is not doing good in the industry: 71.67% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -13.23%
ROE N/A
ROIC N/A
ROA(3y)-12.55%
ROA(5y)-10.58%
ROE(3y)-217%
ROE(5y)-135.8%
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 0 -100 -200 -300

1.3 Margins

Looking at the Gross Margin, with a value of 34.95%, RDFN is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
In the last couple of years the Gross Margin of RDFN has grown nicely.
The Profit Margin and Operating Margin are not available for RDFN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 34.95%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.84%
GM growth 5Y6.61%
RDFN Yearly Profit, Operating, Gross MarginsRDFN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 -40 -60

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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 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 500M 1B 1.5B 2B

2.2 Solvency

Based on the Altman-Z score of -0.02, we must say that RDFN is in the distress zone and has some risk of bankruptcy.
RDFN has a worse Altman-Z score (-0.02) than 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -0.02
ROIC/WACCN/A
WACC5.61%
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 0 500M 1B

2.3 Liquidity

RDFN has a Current Ratio of 1.50. This is a normal value and indicates that RDFN is financially healthy and should not expect problems in meeting its short term obligations.
RDFN has a Current ratio of 1.50. This is comparable to the rest of the industry: RDFN outperforms 46.67% of its industry peers.
RDFN has a Quick Ratio of 1.50. This is a normal value and indicates that RDFN is financially healthy and should not expect problems in meeting its short term obligations.
RDFN has a Quick ratio (1.50) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.5
Quick Ratio 1.5
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 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 47.76% over the past year.
The Revenue for RDFN has decreased by -17.90% in the past year. This is quite bad
Measured over the past years, RDFN shows a quite strong growth in Revenue. The Revenue has been growing by 14.94% on average per year.
EPS 1Y (TTM)47.76%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-64.71%
Revenue 1Y (TTM)-17.9%
Revenue growth 3Y3.3%
Revenue growth 5Y14.94%
Sales Q2Q%3.37%

3.2 Future

RDFN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.19% yearly.
Based on estimates for the next years, RDFN will show a quite strong growth in Revenue. The Revenue will grow by 8.84% on average per year.
EPS Next Y14.67%
EPS Next 2Y16.93%
EPS Next 3Y14.53%
EPS Next 5Y11.19%
Revenue Next Year-3.98%
Revenue Next 2Y2.72%
Revenue Next 3Y4.96%
Revenue Next 5Y8.84%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2 -3

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for RDFN. In the last year negative earnings were reported.
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 20 40 60

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 14.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.93%
EPS Next 3Y14.53%

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0

5. Dividend

5.1 Amount

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

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REDFIN CORP

NASDAQ:RDFN (2/21/2025, 8:00:01 PM)

After market: 7.85 +0.04 (+0.58%)

7.805

-0.84 (-9.66%)

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 Owners61.18%
Inst Owner Change-0.44%
Ins Owners4.35%
Ins Owner Change2.9%
Market Cap967.66M
Analysts53.64
Price Target8.84 (13.26%)
Short Float %15.4%
Short Ratio4.07
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)1
Avg EPS beat(2)-10.6%
Min EPS beat(2)-35.52%
Max EPS beat(2)14.32%
EPS beat(4)3
Avg EPS beat(4)-2.64%
Min EPS beat(4)-35.52%
Max EPS beat(4)14.32%
EPS beat(8)7
Avg EPS beat(8)5%
EPS beat(12)9
Avg EPS beat(12)5.19%
EPS beat(16)11
Avg EPS beat(16)12.63%
Revenue beat(2)0
Avg Revenue beat(2)-1.83%
Min Revenue beat(2)-2.91%
Max Revenue beat(2)-0.75%
Revenue beat(4)1
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-2.96%
Max Revenue beat(4)1.48%
Revenue beat(8)3
Avg Revenue beat(8)-0.3%
Revenue beat(12)4
Avg Revenue beat(12)-12.66%
Revenue beat(16)7
Avg Revenue beat(16)-9.1%
PT rev (1m)-2.43%
PT rev (3m)11.15%
EPS NQ rev (1m)1.37%
EPS NQ rev (3m)-18.76%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-8.39%
Revenue NQ rev (1m)0.32%
Revenue NQ rev (3m)1.74%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.95
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-1.28
EYN/A
EPS(NY)-0.99
Fwd EYN/A
FCF(TTM)-1.15
FCFYN/A
OCF(TTM)-1.05
OCFYN/A
SpS8.2
BVpS-0.2
TBVpS-4.78
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -13.23%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 34.95%
FCFM N/A
ROA(3y)-12.55%
ROA(5y)-10.58%
ROE(3y)-217%
ROE(5y)-135.8%
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 3Y8.84%
GM growth 5Y6.61%
F-Score4
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 24.71%
Cap/Sales 1.16%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.5
Quick Ratio 1.5
Altman-Z -0.02
F-Score4
WACC5.61%
ROIC/WACCN/A
Cap/Depr(3y)36.98%
Cap/Depr(5y)76.02%
Cap/Sales(3y)1.2%
Cap/Sales(5y)1.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.76%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-64.71%
EPS Next Y14.67%
EPS Next 2Y16.93%
EPS Next 3Y14.53%
EPS Next 5Y11.19%
Revenue 1Y (TTM)-17.9%
Revenue growth 3Y3.3%
Revenue growth 5Y14.94%
Sales Q2Q%3.37%
Revenue Next Year-3.98%
Revenue Next 2Y2.72%
Revenue Next 3Y4.96%
Revenue Next 5Y8.84%
EBIT growth 1Y37.78%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year91.37%
EBIT Next 3Y30.32%
EBIT Next 5Y21.82%
FCF growth 1Y-136.15%
FCF growth 3Y-1.36%
FCF growth 5YN/A
OCF growth 1Y-263.71%
OCF growth 3Y-2.52%
OCF growth 5YN/A