Redfin Corporation

DB:R6G Stock Report

Market Cap: €1.0b

Redfin Valuation

Is R6G undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of R6G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: R6G (€8.08) is trading below our estimate of fair value (€33.31)

Significantly Below Fair Value: R6G is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for R6G?

Key metric: As R6G is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for R6G. This is calculated by dividing R6G's market cap by their current revenue.
What is R6G's PS Ratio?
PS Ratio1x
SalesUS$1.02b
Market CapUS$1.06b

Price to Sales Ratio vs Peers

How does R6G's PS Ratio compare to its peers?

The above table shows the PS ratio for R6G vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
PAT PATRIZIA
2.4x3.7%€664.0m
ADL Adler Real Estate
2.1xn/a€980.4m
SPB Sedlmayr Grund und Immobilien
6.2xn/a€844.4m
GWK3 GAG Immobilien
1.8xn/a€816.4m
R6G Redfin
1x10.6%€1.1b

Price-To-Sales vs Peers: R6G is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

How does R6G's PS Ratio compare vs other companies in the DE Real Estate Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.4x-42.0%US$75.96m
ADJ Adler Group
0.1xn/aUS$49.44m
NUVA Noratis
0.3x16.6%US$14.15m
A4Y ACCENTRO Real Estate
0.1x5.2%US$8.94m
R6G 1.0xIndustry Avg. 3.3xNo. of Companies8PS02.44.87.29.612+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: R6G is good value based on its Price-To-Sales Ratio (1x) compared to the German Real Estate industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is R6G's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

R6G PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: R6G is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst R6G forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.08
€8.77
+8.5%
26.2%€14.32€6.20n/a13
Dec ’25€8.77
€8.77
-0.04%
26.2%€14.32€6.20n/a13
Nov ’25€9.45
€7.95
-15.9%
28.0%€13.87€5.55n/a13
Oct ’25€11.34
€7.17
-36.8%
27.9%€13.47€5.39n/a13
Sep ’25€8.39
€6.19
-26.2%
22.5%€8.69€3.66n/a12
Aug ’25€6.84
€6.58
-3.8%
19.7%€8.76€3.69n/a13
Jul ’25€5.40
€6.35
+17.6%
21.5%€8.34€3.71n/a13
Jun ’25€5.90
€6.35
+7.6%
21.5%€8.34€3.71n/a13
May ’25€5.21
€6.27
+20.4%
19.7%€8.41€3.74n/a13
Apr ’25€6.13
€6.34
+3.5%
19.0%€8.27€3.67n/a13
Mar ’25€6.40
€6.57
+2.7%
22.0%€9.25€3.70n/a12
Feb ’25€7.92
€7.08
-10.6%
28.5%€10.94€3.65n/a13
Jan ’25€9.40
€6.15
-34.5%
25.0%€9.60€3.66n/a13
Dec ’24€7.05
€5.99
-15.0%
24.4%€9.22€3.69€8.7713
Nov ’24€4.43
€7.34
+65.9%
31.3%€10.36€3.77€9.4512
Oct ’24€6.62
€8.61
+30.1%
24.6%€10.89€4.02€11.3413
Sep ’24€8.71
€8.38
-3.9%
24.3%€10.55€3.90€8.3913
Aug ’24€13.73
€8.47
-38.3%
27.2%€13.64€3.86€6.8414
Jul ’24€11.41
€8.07
-29.2%
22.6%€10.08€3.89€5.4014
Jun ’24€9.34
€7.92
-15.2%
24.3%€10.26€3.97€5.9016
May ’24€6.71
€6.82
+1.5%
24.0%€9.53€3.27€5.2116
Apr ’24€8.28
€7.06
-14.8%
25.5%€9.96€3.41€6.1315
Mar ’24€6.73
€6.99
+3.8%
26.7%€9.90€3.39€6.4015
Feb ’24€7.83
€3.84
-50.9%
26.6%€5.06€1.84€7.9214
Jan ’24€3.90
€4.02
+2.9%
26.3%€5.18€1.88€9.4015
Dec ’23€5.24
€4.36
-16.8%
41.2%€9.61€1.92€7.0514

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 08:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Redfin Corporation is covered by 34 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Justin AgesBerenberg
Curtis NagleBofA Global Research
Naved KhanB. Riley Securities, Inc.