-1.87%
16.13%
-19.80%
-26.96%
0.72%
3.28%
-41.42%
AI Spotlight on RKT
Company Description
Rocket Companies, Inc.engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada.It operates through two segments, Direct to Consumer and Partner Network.
The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business.It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker.In addition, the company originates, closes, sells, and services agency-conforming loans.
Rocket Companies, Inc.was founded in 1985 and is headquartered in Detroit, Michigan.Rocket Companies, Inc.
operates as a subsidiary of Rock Holdings, Inc.
Market Data
| Last Price | 12.6 |
| Change Percentage | -1.87% |
| Open | 12.77 |
| Previous Close | 12.84 |
| Market Cap ( Millions) | 25133 |
| Volume | 3545136 |
| Year High | 21.38 |
| Year Low | 10.06 |
| M A 50 | 12.33 |
| M A 200 | 15.08 |
Financial Ratios
| FCF Yield | -12.25% |
| Dividend Yield | 0.00% |
| ROE | -2.34% |
| Debt / Equity | 1011.19% |
| Net Debt / EBIDTA | 1828.66% |
| Price To Book | 2.74 |
| Price Earnings Ratio | -118.01 |
| Price To FCF | -8.17 |
| Price To sales | 6.43 |
| EV / EBITDA | 103.89 |
News
- Jan -22 - Rocket Launches Rocket.com Website with Integrated Search, Financing and Management Tools
- Jan -14 - Rocket Companies Unifies Under the 'Rocket' Brand with New Visual Identity
- Dec -28 - Financial Crime Weekly: SEC Charges Tai Mo Shan With Misleading Terra USD Investors, Rocket Companies Sued Over Alleged Kickback Scheme
- Dec -16 - Top 3 Stocks for Safe Returns Now and Into Next Year
- Dec -09 - Three Fintech Winners That Rocked In Q3
- Dec -05 - Rocket Companies' Bill Emerson on DOJ lawsuit: We're being used as poster child to garner headlines
- Dec -05 - Rocket Mortgage Sues United States Department of Housing and Urban Development
- Nov -27 - Rocket Companies CFO Brian Brown to Present at Goldman Sachs 2024 U.S. Financial Services Conference
- Nov -14 - Rocket Companies Analysts Cut Their Forecasts After Q3 Results
- Nov -13 - Rocket Companies Stock Sinks as High Mortgage Rates Hurt Results, Outlook
- Nov -13 - Rocket Companies (RKT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
- Nov -12 - Rocket Companies, Inc. (RKT) Q3 2024 Earnings Call Transcript
- Nov -12 - Rocket Companies (RKT) Q3 Earnings Match Estimates
- Nov -12 - Rocket Companies Announces Third Quarter 2024 Results
- Oct -29 - Rocket Companies to Announce Third Quarter 2024 Results on November 12
- Oct -07 - Rocket Companies Names Venmo Chief Technology Officer, Former PayPal Executive, Papanii Okai EVP of Product Engineering
- Oct -01 - Rocket Mortgage and Annaly Capital Management, Inc. Enter Strategic Subservicing Relationship
- Sep -26 - Rocket Companies: Continued Upside Expectation Is Justified
- Sep -18 - HELOC demand from homeowners surging as Fed cuts interest rates
- Sep -17 - Rate cut is already baked into mortgage rates, says Rocket Companies CEO Varun Krishna
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Direct to Consumer
Expected Growth : 10.27 %
What the company do ?
Direct to Consumer is a platform by Rocket Companies, Inc. that enables consumers to originate mortgages digitally, streamlining the mortgage process.
Why we expect these perspectives ?
Rocket Companies' Direct-to-Consumer segment growth of 10.27% is driven by increasing online mortgage applications, expansion into new markets, and strategic partnerships. Additionally, the company's investment in digital marketing and user experience enhancements have improved conversion rates and customer retention. Furthermore, the rise of fintech and digital lending platforms has increased demand for online mortgage services, contributing to the segment's growth.
Segment nΒ°2 -> Partner Network
Expected Growth : 7.43 %
What the company do ?
The Partner Network from Rocket Companies, Inc. is a platform that connects lenders with partners to originate and service mortgage loans, providing a seamless experience for borrowers.
Why we expect these perspectives ?
Rocket Companies' Partner Network growth of 7.43% is driven by increasing adoption of digital mortgage platforms, expansion into new markets, strategic partnerships with leading financial institutions, and investments in technology and marketing. Additionally, the rise of fintech and growing demand for online mortgage services also contribute to this growth.
Segment nΒ°3 -> All Other
Expected Growth : 7.4 %
What the company do ?
All Other from Rocket Companies, Inc. refers to the remaining business segments, excluding Rocket Mortgage, Rocket Auto, and Rocket Homes, which includes title insurance and settlement services.
Why we expect these perspectives ?
Rocket Companies' 7.4% growth in 'All Other' segment is driven by increasing demand for its title insurance and settlement services, expansion into new markets, and strategic partnerships. Additionally, the company's investments in digital transformation and process automation have improved operational efficiency, leading to higher revenue and profitability.
Rocket Companies, Inc. Products
| Product Range | What is it ? |
|---|---|
| Rocket Mortgage | A digital mortgage platform that allows users to apply for a mortgage online |
| Quicken Loans Mortgage Services (QLMS) | A mortgage lending platform that provides mortgage solutions to community banks and credit unions |
| Rocket Homes | A real estate platform that provides homebuyers with a seamless home buying experience |
| Rocket Loans | A personal loan platform that provides fast and easy access to personal loans |
| Rocket Auto | An automotive fintech platform that provides car buyers with financing options |
| Title Source | A title insurance and settlement services company |
Rocket Companies, Inc.'s Porter Forces
Threat Of Substitutes
Rocket Companies, Inc. operates in a highly competitive industry, and there are many substitutes available to customers. However, the company's strong brand recognition and customer loyalty help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Rocket Companies, Inc. has a large customer base, but individual customers do not have significant bargaining power. The company's strong brand and customer loyalty also reduce the bargaining power of customers.
Bargaining Power Of Suppliers
Rocket Companies, Inc. relies on a few key suppliers for its mortgage lending business. While the company has some bargaining power due to its size, suppliers still have some negotiating power.
Threat Of New Entrants
The mortgage lending industry is highly regulated, and new entrants face significant barriers to entry. However, the rise of fintech companies and digital lending platforms poses a threat to traditional mortgage lenders like Rocket Companies, Inc.
Intensity Of Rivalry
The mortgage lending industry is highly competitive, with many established players and new entrants vying for market share. Rocket Companies, Inc. faces intense competition from other mortgage lenders, which can lead to pricing pressure and reduced margins.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 93.67% |
| Debt Cost | 3.95% |
| Equity Weight | 6.33% |
| Equity Cost | 15.91% |
| WACC | 4.70% |
| Leverage | 1480.24% |
Rocket Companies, Inc. : Quality Control
Rocket Companies, Inc. passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MSCI | MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, β¦ |
| WD | Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real β¦ |
| NDAQ | Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, β¦ |
| AJG | Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, β¦ |
| ICE | Intercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, β¦ |
Peers Metrics
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Scoring Insights
Peers Group Analysis
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