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EXPI

eXp World HoldingsNasdaqGM:EXPI Stock Report

Market Cap

US$7.1b

7D

16.2%

1Y

69.1%

Updated

18 Oct, 2021

Data

Company Financials +
EXPI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance6/6
Financial Health4/6
Dividends0/6

EXPI Overview

eXp World Holdings, Inc. provides cloud-based real estate brokerage services for residential homeowners and homebuyers.

Price History & Performance

Summary of all time highs, changes and price drops for eXp World Holdings
Historical stock prices
Current Share PriceUS$48.40
52 Week HighUS$20.01
52 Week LowUS$90.00
Beta3.02
1 Month Change3.86%
3 Month Change39.16%
1 Year Change69.08%
3 Year Change674.40%
5 Year Change1,832.14%
Change since IPO9,580.00%

Recent News & Updates

Sep 24
I Ran A Stock Scan For Earnings Growth And eXp World Holdings (NASDAQ:EXPI) Passed With Ease

I Ran A Stock Scan For Earnings Growth And eXp World Holdings (NASDAQ:EXPI) Passed With Ease

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Sep 17

Scaled Economies Shared With eXp World Holdings

Due to tight margins and dilution built into the business model, eXp World Holdings is difficult to be excited about at first glance. The long-term merits of the business are apparent if you consider the powerful scaled economies shared model that I believe eXp is utilizing. I will compare eXp and Costco to show this. These businesses differ substantially, but I believe it is the best way to demonstrate the long-term potential of eXp. Despite dilution and low margins, in the long run, I believe that free cash flow per share for eXp will continue to rise.

Aug 14

eXp World Holdings: Laying Out The Bull Case

EXPI is a controversial stock. The company is growing insanely quickly, but bears point to little operating leverage and an MLM-like business model. Sean Iddings, a microcap investor, addresses the risks and discusses his bull thesis.

Aug 07
Analysts Just Made A Substantial Upgrade To Their eXp World Holdings, Inc. (NASDAQ:EXPI) Forecasts

Analysts Just Made A Substantial Upgrade To Their eXp World Holdings, Inc. (NASDAQ:EXPI) Forecasts

eXp World Holdings, Inc. ( NASDAQ:EXPI ) shareholders will have a reason to smile today, with the analysts making...

Shareholder Returns

EXPIUS Real EstateUS Market
7D16.2%5.8%2.0%
1Y69.1%-13.6%27.6%

Return vs Industry: EXPI exceeded the US Real Estate industry which returned -13.6% over the past year.

Return vs Market: EXPI exceeded the US Market which returned 27.6% over the past year.

Price Volatility

Is EXPI's price volatile compared to industry and market?
EXPI volatility
EXPI Beta3.02
Industry Beta1.57
Market Beta1

Stable Share Price: EXPI is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: EXPI's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2008900Glenn Sanfordhttps://expworldholdings.com

eXp World Holdings, Inc. provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and provides buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers. It is also involved in building 3D virtual worlds for work, education, and events; and focused on agent website and consumer real estate portal technology.

eXp World Holdings Fundamentals Summary

How do eXp World Holdings's earnings and revenue compare to its market cap?
EXPI fundamental statistics
Market CapUS$7.11b
Earnings (TTM)US$64.59m
Revenue (TTM)US$2.76b

109.7x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EXPI income statement (TTM)
RevenueUS$2.76b
Cost of RevenueUS$2.53b
Gross ProfitUS$230.64m
ExpensesUS$166.05m
EarningsUS$64.59m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.44
Gross Margin8.37%
Net Profit Margin2.34%
Debt/Equity Ratio1.5%

How did EXPI perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

n/a

Payout Ratio

Valuation

Is eXp World Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EXPI ($48.59) is trading below our estimate of fair value ($107.12)

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


Price To Earnings Ratio

PE vs Industry: EXPI is poor value based on its PE Ratio (110.2x) compared to the US Real Estate industry average (24.6x).

PE vs Market: EXPI is poor value based on its PE Ratio (110.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: EXPI is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: EXPI is overvalued based on its PB Ratio (41.6x) compared to the US Real Estate industry average (1.4x).


Future Growth

How is eXp World Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

35.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXPI's forecast earnings growth (35.8% per year) is above the savings rate (2%).

Earnings vs Market: EXPI's earnings (35.8% per year) are forecast to grow faster than the US market (15.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EXPI's revenue (28.2% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: EXPI's revenue (28.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EXPI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has eXp World Holdings performed over the past 5 years?

48.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EXPI has high quality earnings.

Growing Profit Margin: EXPI's current net profit margins (2.3%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: EXPI has become profitable over the past 5 years, growing earnings by 48.3% per year.

Accelerating Growth: EXPI's earnings growth over the past year (772.3%) exceeds its 5-year average (48.3% per year).

Earnings vs Industry: EXPI earnings growth over the past year (772.3%) exceeded the Real Estate industry 66.6%.


Return on Equity

High ROE: EXPI's Return on Equity (37.5%) is considered high.


Financial Health

How is eXp World Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: EXPI's short term assets ($347.1M) exceed its short term liabilities ($220.9M).

Long Term Liabilities: EXPI's short term assets ($347.1M) exceed its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: EXPI's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EXPI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EXPI's debt is well covered by operating cash flow (9158.4%).

Interest Coverage: Insufficient data to determine if EXPI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is eXp World Holdings's current dividend yield, its reliability and sustainability?

0.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EXPI's dividend (0.33%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: EXPI's dividend (0.33%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: EXPI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: EXPI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EXPI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Glenn Sanford (54 yo)

8.58yrs

Tenure

US$15,959,261

Compensation

Mr. Glenn Darrel Sanford serves as Director at First Cloud Investment Group. He is founded eXp Realty, LLC in October 2009 and served as its Chief Executive Officer. Mr. Sanford is the Founder of eXp World...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD15.96M) is above average for companies of similar size in the US market ($USD6.27M).

Compensation vs Earnings: Glenn's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: EXPI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: EXPI's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EXPI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.


Top Shareholders

Company Information

eXp World Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: eXp World Holdings, Inc.
  • Ticker: EXPI
  • Exchange: NasdaqGM
  • Founded: 2008
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: US$7.115b
  • Shares outstanding: 146.42m
  • Website: https://expworldholdings.com

Number of Employees


Location

  • eXp World Holdings, Inc.
  • 2219 Rimland Drive
  • Suite 301
  • Bellingham
  • Washington
  • 98226
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 22:21
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.