-3.73%
1.65%
-22.85%
-1.72%
-1.96%
-72.95%
-67.12%
AI Spotlight on RDFN
Company Description
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada.The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home.It also provides title and settlement services; originates and sells mortgages; and buys and sells homes.
The company was formerly known as Appliance Computing Inc.and changed its name to Redfin Corporation in May 2006.Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
Market Data
| Last Price | 8 |
| Change Percentage | -3.73% |
| Open | 8.28 |
| Previous Close | 8.31 |
| Market Cap ( Millions) | 992 |
| Volume | 4376075 |
| Year High | 15.29 |
| Year Low | 5.1 |
| M A 50 | 8.5 |
| M A 200 | 8.44 |
Financial Ratios
| FCF Yield | -14.61% |
| Dividend Yield | 0.00% |
| ROE | 58261.41% |
| Debt / Equity | -4207.40% |
| Net Debt / EBIDTA | -764.94% |
| Price To Book | -39.01 |
| Price Earnings Ratio | -6.5 |
| Price To FCF | -6.85 |
| Price To sales | 0.98 |
| EV / EBITDA | -16.13 |
News
- Jan -29 - Downtown Seattle Rents Rise for the First Time in 17 Months as Amazon Workers Go Back to the Office Full Time
- Jan -25 - Redfin: Real Estate Disruptor or a Stock to Avoid?
- Jan -23 - Redfin Reports High Housing Payments Are Slowing Home Sales, But Buyers Could Get Relief Soon
- Jan -22 - Renters Need to Earn $63,680 to Afford the Typical U.S. Apartment—The Lowest Amount in 3 Years
- Jan -21 - Redfin Reports U.S. Home Prices Rose 0.4% in December
- Jan -21 - Redfin Reports Home Prices Are Rising in Every Major Metro for the First Time Since 2022
- Jan -17 - The Palisades and Eaton Fires in Los Angeles Have Destroyed 14% of Homes Within the Fire Perimeters
- Jan -17 - Pending Home Sales Fell the Most Since 2022 in December as Mortgage Rates Jumped
- Jan -13 - Redfin CEO: LA is going to look completely different after it is rebuilt
- Jan -13 - Redfin CEO Glenn Kelman on LA fires: Rebuilding these homes will take a long time
- Jan -10 - Redfin lays off 46 employees in latest cuts at Seattle real estate company
- Jan -09 - Redfin Reports U.S. Asking Rents Ended 2024 at the Lowest Level in Nearly Three Years
- Jan -09 - Redfin Reports Home Tours Rise Modestly to Start 2025, But That Hasn't Translated to More Sales
- Jan -06 - Redfin Reports Housing Affordability Didn't Worsen in 2024—The First Time in Four Years That Has Happened
- Jan -03 - Redfin Reports New Listings Rise 8%, Giving the New Year's Buyers More Homes to Choose From
- Dec -30 - Redfin Reports Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market Unsold
- Dec -30 - America's Renters Are Moving Less Than Ever, With a Third Staying in the Same Home for at Least 5 Years
- Dec -27 - Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
- Dec -24 - Redfin Reports U.S. Home Prices Rose 0.5% in November
- Dec -23 - Redfin Reports Home Sales Surge by Double Digits in Pricey West Coast Markets
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Real Estate
Expected Growth : 11.5 %
What the company do ?
Redfin Corporation's Real Estate segment provides online real estate brokerage services, offering customers a complete solution to buy, sell, and own a home.
Why we expect these perspectives ?
Redfin Corporation's 11.5% growth in Real Estate is driven by increasing demand for online real estate services, expansion into new markets, and strategic partnerships. Additionally, the company's focus on technology and data analytics enables it to provide a more efficient and cost-effective home buying and selling experience, attracting more customers and driving revenue growth.
Segment n°2 -> Rentals
Expected Growth : 10.8 %
What the company do ?
Rentals from Redfin Corporation refers to the rental properties listed on Redfin, a real estate brokerage, providing users with a platform to search and rent homes, apartments, and condos.
Why we expect these perspectives ?
Rental growth of 10.8% driven by increasing demand for single-family rentals, Redfin's expanded agent network, and strategic partnerships. Additionally, the company's focus on technology and customer experience, as well as the growing popularity of iBuying and power buying, contribute to the segment's rapid expansion.
Segment n°3 -> Mortgage
Expected Growth : 13.2 %
What the company do ?
Redfin Mortgage is a digital mortgage lender offering competitive rates and a streamlined online application process, backed by Redfin Corporation's real estate expertise.
Why we expect these perspectives ?
Redfin Corporation's 13.2% mortgage growth is driven by increasing demand for online real estate services, expansion into new markets, and strategic partnerships. Additionally, low interest rates, government-backed loans, and a strong housing market contribute to the growth. Furthermore, Redfin's technology-driven platform and competitive pricing strategy also attract more customers, fueling the segment's growth.
Segment n°4 -> Other
Expected Growth : 10.2 %
What the company do ?
Other from Redfin Corporation refers to the remaining revenue streams, including title and settlement services, and other miscellaneous income.
Why we expect these perspectives ?
Redfin Corporation's 10.2% growth in 'Other' segment is driven by increasing adoption of its title and settlement services, expansion of mortgage lending business, and growing demand for its iBuying platform, RedfinNow, which provides instant home buying and selling services, thereby increasing revenue from non-brokerage services.
Redfin Corporation Products
| Product Range | What is it ? |
|---|---|
| Redfin Real Estate Brokerage | Redfin's real estate brokerage provides a full-service, technology-powered home buying and selling experience, offering a comprehensive platform for customers to search, buy, and sell homes. |
| RedfinNow | RedfinNow is a platform that allows homeowners to sell their homes directly to Redfin, providing a quick and hassle-free selling experience. |
| Redfin Mortgage | Redfin Mortgage offers a digital mortgage lending platform, providing customers with a streamlined and transparent home financing experience. |
| Redfin Title and Settlement | Redfin's title and settlement services provide a seamless and efficient closing process, ensuring a smooth transaction for buyers and sellers. |
| Redfin Premier Agent | Redfin Premier Agent is a partner program that connects top-performing agents with Redfin's technology and customer base. |
Redfin Corporation's Porter Forces
Threat Of Substitutes
Redfin Corporation's threat of substitutes is medium due to the presence of traditional real estate brokers and online real estate platforms. However, Redfin's unique business model and technology-driven approach provide a competitive advantage, reducing the threat of substitutes.
Bargaining Power Of Customers
Redfin Corporation's customers have low bargaining power due to the company's strong brand reputation and limited alternatives. Additionally, Redfin's technology-driven approach and competitive pricing strategy reduce the bargaining power of customers.
Bargaining Power Of Suppliers
Redfin Corporation's suppliers, including real estate agents and brokers, have low bargaining power due to the company's large market share and strong negotiating power. Redfin's ability to attract and retain top agents also reduces the bargaining power of suppliers.
Threat Of New Entrants
The threat of new entrants in the online real estate brokerage industry is high due to low barriers to entry and the attractiveness of the market. However, Redfin Corporation's strong brand reputation, technology, and established network of agents provide a competitive advantage, reducing the threat of new entrants.
Intensity Of Rivalry
The intensity of rivalry in the online real estate brokerage industry is high due to the presence of established players and new entrants. Redfin Corporation faces intense competition from traditional real estate brokers and online platforms, which drives innovation and competitive pricing strategies.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 95.83% |
| Debt Cost | 3.95% |
| Equity Weight | 4.17% |
| Equity Cost | 17.28% |
| WACC | 4.50% |
| Leverage | 2296.41% |
Redfin Corporation : Quality Control
Redfin Corporation passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| EXPI | eXp World Holdings, Inc., together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers … |
| LODE | Comstock Inc. engages in the exploration, development, and production of mineral properties in Nevada. The company explores for gold, silver, lithium, nickel, cobalt, and mercury ores. It operates in two … |
| DOUG | Douglas Elliman Inc. engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. … |
| HOUS | Anywhere Real Estate Inc., through its subsidiaries, provides residential real estate services. It operates through three segments: Realogy Franchise Group, and Realogy Brokerage Group. The Realogy Franchise Group segment franchises … |
| TCI | Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including apartments, office buildings, shopping centers, and developed … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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eXp World Holdings
A-Score
1-Year Total Return ->
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Redfin
A-Score
1-Year Total Return ->
🥉
Douglas Elliman
A-Score
1-Year Total Return ->
4
Transcontinental Realty Investors
A-Score
1-Year Total Return ->
5
Anywhere Real Estate
A-Score
1-Year Total Return ->
6
