REAL: Future Gains Will Be Driven By New Tier-One Lender Wins

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

06 Feb 25

Updated

14 Dec 25

Views

37

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-9.9%

7D

0.3%

Loading

1Y

-9.9%

7D

0.3%

You can edit this narrative until Dec 15 6:05 PM. Then, changes will post as Updates.

Author's Valuation

CA$8.1628.6% undervalued

AnalystConsensusTarget Fair Value

Shared on 14 Dec 25

REAL: New Tier One Lenders Will Drive Future Market Share Upside

Analysts have modestly raised their price target on Real Matters to C$9 from C$7.50, citing expectations for stronger growth driven by wallet share gains with tier one lenders, market share expansion and improved operational leverage in a more favorable interest rate environment. Analyst Commentary Recent research views on Real Matters remain broadly constructive, with several bullish analysts highlighting the companys strengthened positioning in core lending and appraisal workflows and its leverage to a friendlier rate backdrop.

Shared on 30 Nov 25

Fair value Decreased 2.40%

REAL: Market Share Gains From New Lenders Will Unlock Strong Upside

Analysts have slightly lowered their fair value estimate for Real Matters from C$8.36 to C$8.16. This change reflects updated forecasts for revenue growth and profit margins, as well as evolving views on the sector’s discount rate and future earnings multiple.

Shared on 16 Nov 25

Fair value Increased 0.26%

REAL: Ongoing Wallet Share Gains Will Drive Strong Growth Ahead

Analysts have modestly raised their fair value estimate for Real Matters to C$8.36 from C$8.34, citing ongoing wallet share gains and strong execution. These factors are expected to drive continued growth.

Shared on 01 Nov 25

Fair value Increased 2.25%

The analyst price target for Real Matters has increased modestly to C$9 from C$8.50. Analysts cite strong execution, new client wins, and expectations of growth in a favorable rate environment.

Shared on 17 Oct 25

Fair value Increased 1.73%

Analysts have raised their price target for Real Matters from C$8.50 to C$9. They cite anticipated strong growth driven by market share gains and operational improvements.

Shared on 03 Oct 25

Fair value Increased 12%

The analyst consensus price target for Real Matters has been raised from C$7.18 to C$8.02. Analysts cite increased revenue growth expectations and modest improvements in profit margins as supporting factors for the upward revision.

Shared on 04 Aug 25

Fair value Decreased 7.05%

Despite notable improvements in both net profit margin and revenue growth forecasts, Real Matters' consensus analyst price target has been revised downward from CA$7.72 to CA$7.27. Valuation Changes Summary of Valuation Changes for Real Matters The Consensus Analyst Price Target has fallen from CA$7.72 to CA$7.27.

Shared on 01 May 25

Fair value Increased 0.43%

Shared on 23 Apr 25

Fair value Decreased 1.41%

AnalystConsensusTarget has decreased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 17 Apr 25

Fair value Increased 3.04%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 1.94%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 4.10%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 0.25%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 2.86%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 13 Mar 25

AnalystConsensusTarget Fair Value

CA$8.16

28.6% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

19.00%

Real Estate revenue growth rate

0.19%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.64%

Calculation

US$14.69m

Earnings '28

x

37.78x

PE Ratio '28

=

US$554.80m

Market Cap '28

US$554.80m

Market Cap '28

/

75.24m

No. shares '28

=

US$7.37

Share Price '28

US$7.37 Share Price '28

Discounted to 2025 @ 7.66% p.a.

=

US$5.91

Fair Value '25

US$5.91 Fair Value '25

Converted to CAD @ 1.3766 USD/CAD Exchange Rate

=

CA$8.14

Fair Value '25