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eXp World Holdings

Nasdaq:EXPI
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXPI
Nasdaq
$740M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

eXp World Holdings, Inc. provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The last earnings update was 14 days ago. More info.


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EXPI Share Price and Events
7 Day Returns
5.5%
NasdaqGM:EXPI
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-30.4%
NasdaqGM:EXPI
-16.5%
US Real Estate
2.9%
US Market
EXPI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
eXp World Holdings (EXPI) 5.5% 17.3% 4.2% -30.4% 605.3% 2897.5%
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • EXPI underperformed the Real Estate industry which returned -16.5% over the past year.
  • EXPI underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
EXPI
Industry
5yr Volatility vs Market

EXPI Value

 Is eXp World Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of eXp World Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for eXp World Holdings.

NasdaqGM:EXPI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:EXPI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 21%) (0.4%))
1.075
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.075 * 5.96%)
9.13%

Discounted Cash Flow Calculation for NasdaqGM:EXPI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for eXp World Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:EXPI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.13%)
2019 39.02 Est @ 69.65% 35.76
2020 58.37 Est @ 49.57% 49.00
2021 79.10 Est @ 35.52% 60.85
2022 99.41 Est @ 25.68% 70.08
2023 118.10 Est @ 18.8% 76.29
2024 134.61 Est @ 13.98% 79.67
2025 148.88 Est @ 10.6% 80.74
2026 161.15 Est @ 8.24% 80.08
2027 171.77 Est @ 6.59% 78.21
2028 181.10 Est @ 5.43% 75.56
Present value of next 10 years cash flows $686.26
NasdaqGM:EXPI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $181.10 × (1 + 2.73%) ÷ (9.13% – 2.73%)
$2,904.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,904.89 ÷ (1 + 9.13%)10
$1,212.04
NasdaqGM:EXPI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $686.26 + $1,212.04
$1,898.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,898.29 / 61.68
$30.78
NasdaqGM:EXPI Discount to Share Price
Calculation Result
Value per share (USD) From above. $30.78
Current discount Discount to share price of $11.99
= -1 x ($11.99 - $30.78) / $30.78
61%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price eXp World Holdings is available for.
Intrinsic value
>50%
Share price is $11.99 vs Future cash flow value of $30.78
Current Discount Checks
For eXp World Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • eXp World Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • eXp World Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for eXp World Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are eXp World Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:EXPI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.31
NasdaqGM:EXPI Share Price ** NasdaqGM (2019-05-23) in USD $11.99
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of eXp World Holdings.

NasdaqGM:EXPI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:EXPI Share Price ÷ EPS (both in USD)

= 11.99 ÷ -0.31

-39.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • eXp World Holdings is loss making, we can't compare its value to the US Real Estate industry average.
  • eXp World Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does eXp World Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:EXPI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -39.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
96%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for eXp World Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on eXp World Holdings's assets?
Raw Data
NasdaqGM:EXPI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.51
NasdaqGM:EXPI Share Price * NasdaqGM (2019-05-23) in USD $11.99
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NasdaqGM:EXPI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:EXPI Share Price ÷ Book Value per Share (both in USD)

= 11.99 ÷ 0.51

23.37x

* Primary Listing of eXp World Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • eXp World Holdings is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess eXp World Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. eXp World Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EXPI Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
96%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is eXp World Holdings expected to grow at an attractive rate?
  • eXp World Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • eXp World Holdings's earnings growth is expected to exceed the United States of America market average.
  • eXp World Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:EXPI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:EXPI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 96%
NasdaqGM:EXPI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 32.6%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:EXPI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:EXPI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,597 8 1
2020-12-31 1,285 -2 3
2019-12-31 931 -13 3
NasdaqGM:EXPI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 595 26 -18
2018-12-31 500 24 -22
2018-09-30 398 20 -29
2018-06-30 288 16 -30
2018-03-31 197 9 -30
2017-12-31 156 5 -22
2017-09-30 126 3 -15
2017-06-30 94 2 -11
2017-03-31 68 2 -10
2016-12-31 54 1 -7
2016-09-30 42 1 -1
2016-06-30 34 1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • eXp World Holdings's earnings are expected to grow significantly at over 20% yearly.
  • eXp World Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:EXPI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from eXp World Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:EXPI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.11 0.11 0.11 1.00
2020-12-31 -0.03 0.05 -0.14 3.00
2019-12-31 -0.20 -0.15 -0.27 3.00
NasdaqGM:EXPI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.31
2018-12-31 -0.39
2018-09-30 -0.51
2018-06-30 -0.54
2018-03-31 -0.55
2017-12-31 -0.42
2017-09-30 -0.29
2017-06-30 -0.22
2017-03-31 -0.19
2016-12-31 -0.14
2016-09-30 -0.02
2016-06-30 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if eXp World Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess eXp World Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
eXp World Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EXPI Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare eXp World Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • eXp World Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare eXp World Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare eXp World Holdings's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
eXp World Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from eXp World Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:EXPI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 595.22 -18.03 66.34
2018-12-31 500.15 -22.43 62.67
2018-09-30 397.97 -28.98 64.30
2018-06-30 288.10 -29.67 57.95
2018-03-31 196.54 -29.93 50.02
2017-12-31 156.10 -22.13 38.53
2017-09-30 125.69 -15.18 28.41
2017-06-30 93.99 -11.39 22.52
2017-03-31 67.94 -9.66 18.28
2016-12-31 53.56 -7.38 14.49
2016-09-30 41.76 -1.01 6.91
2016-06-30 33.50 2.03 2.58
2016-03-31 26.56 -5.18 8.98
2015-12-31 22.46 -1.94 5.19
2015-09-30 20.01 -3.36 6.56
2015-06-30 16.47 -4.83 7.60
2015-03-31 14.43 0.20 2.33
2014-12-31 13.37 0.10 2.24
2014-09-30 12.30 -0.20 1.70
2014-06-30 11.50 -0.90 2.22
2014-03-31 11.11 -1.03 2.33
2013-12-31 10.70 -1.12 2.40
2013-09-30 10.13 -0.97 2.63
2013-06-30 8.69 -0.36 1.84
2013-03-31 7.10 -0.27 1.44
2012-12-31 6.71 -0.08 1.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if eXp World Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if eXp World Holdings has efficiently used its assets last year compared to the US Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if eXp World Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess eXp World Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
eXp World Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EXPI Health

 How is eXp World Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up eXp World Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • eXp World Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • eXp World Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of eXp World Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 18.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from eXp World Holdings Company Filings, last reported 1 month ago.

NasdaqGM:EXPI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 31.36 2.98 20.77
2018-12-31 29.98 2.63 20.54
2018-09-30 23.64 0.00 22.09
2018-06-30 14.96 0.00 15.57
2018-03-31 5.78 0.00 8.34
2017-12-31 4.26 0.00 4.67
2017-09-30 4.63 0.00 3.35
2017-06-30 3.88 0.01 1.56
2017-03-31 2.72 0.02 1.79
2016-12-31 2.53 0.04 1.68
2016-09-30 2.02 0.00 0.94
2016-06-30 1.24 0.00 0.89
2016-03-31 0.66 0.00 0.42
2015-12-31 0.59 0.00 0.57
2015-09-30 0.62 0.00 0.45
2015-06-30 0.37 0.05 0.29
2015-03-31 0.31 0.06 0.20
2014-12-31 0.41 0.06 0.35
2014-09-30 0.22 0.06 0.27
2014-06-30 0.11 0.06 0.21
2014-03-31 0.01 0.06 0.10
2013-12-31 0.02 0.06 0.10
2013-09-30 0.03 0.06 0.23
2013-06-30 0.10 0.06 0.28
2013-03-31 -0.20 0.08 0.06
2012-12-31 -0.20 0.08 0.06
  • eXp World Holdings's level of debt (9.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (416.8% vs 9.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making eXp World Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making eXp World Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -112.9% per year.
X
Financial health checks
We assess eXp World Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. eXp World Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EXPI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from eXp World Holdings dividends.
If you bought $2,000 of eXp World Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate eXp World Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate eXp World Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:EXPI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:EXPI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as eXp World Holdings has not reported any payouts.
  • Unable to verify if eXp World Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of eXp World Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as eXp World Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess eXp World Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can eXp World Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. eXp World Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EXPI Management

 What is the CEO of eXp World Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Glenn Sanford
COMPENSATION $1,806,967
AGE 51
TENURE AS CEO 6.2 years
CEO Bio

Mr. Glenn Darrel Sanford founded eXp Realty, LLC in 2007 and serves as its Chief Executive Officer. Mr. Sanford is the Founder of eXp World Holdings, Inc. and has been its Chairman, Chief Executive Officer, Treasurer and Secretary since March 12, 2013 and served as its Chief Financial Officer. Mr. Sanford served as the President of eShippers Management Ltd. since July 3, 2002. He served as the Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary of Desert Canadians Ltd. n 1998, Mr. Sanford founded and served as President for eShippers.com, an online e-commerce and logistics company. From 2005 to 2007, Mr. Sanford ran a large mega-agent team and consulted to Keller Williams International as a member of the Agent Technology Council in the areas of online client acquisition, client conversion and technology. Mr. Sanford was also a significant contributor to Keller Williams Internet Lead Generation Masterminds. Since early 2002, he has been actively involved in the online real estate space. In early 2007, Mr. Sanford launched eXp Realty, LLC. He served as Chairman of Desert Canadians Ltd. since September 27, 2013 and its Director.

CEO Compensation
  • Glenn's compensation has increased whilst company is loss making.
  • Glenn's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the eXp World Holdings management team in years:

0.6
Average Tenure
48
Average Age
  • The average tenure for the eXp World Holdings management team is less than 2 years, this suggests a new team.
Management Team

Glenn Sanford

TITLE
Founder
COMPENSATION
$2M
AGE
51
TENURE
6.2 yrs

Jeff Whiteside

TITLE
CFO & Chief Collaboration Officer
COMPENSATION
$3M
AGE
54
TENURE
0.5 yrs

Jason Gesing

TITLE
Executive VP of Business Development & Director
COMPENSATION
$823K
AGE
45
TENURE
0.8 yrs

Alan Goldman

TITLE
Chief Accounting Officer
COMPENSATION
$276K
AGE
39
TENURE
0.5 yrs

Jim Bramble

TITLE
General Counsel
AGE
48
TENURE
0.2 yrs

Brian Culhane

TITLE
Chief Cultural Officer
COMPENSATION
$147K
TENURE
5.9 yrs

Alex Howland

TITLE
President of eXp World Technologies
TENURE
0.3 yrs

Brad Andersohn

TITLE
Executive Director of Education & Industry Outreach
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the eXp World Holdings board of directors in years:

3
Average Tenure
51.5
Average Age
  • The average tenure for the eXp World Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Randall Miles

TITLE
Vice Chairman
COMPENSATION
$75K
AGE
61
TENURE
1.3 yrs

Glenn Sanford

TITLE
Founder
COMPENSATION
$2M
AGE
51
TENURE
6.2 yrs

Jason Gesing

TITLE
Executive VP of Business Development & Director
COMPENSATION
$823K
AGE
45
TENURE
5.7 yrs

Rick Miller

TITLE
Director
COMPENSATION
$75K
AGE
59
TENURE
2.8 yrs

Darren Jacklin

TITLE
Independent Director
COMPENSATION
$48K
AGE
45
TENURE
5 yrs

Gene Frederick

TITLE
Director
AGE
62
TENURE
3.1 yrs

Suzy Truax

TITLE
Director
AGE
52
TENURE
1.8 yrs

Dan Cahir

TITLE
Independent Director
COMPENSATION
$980K
AGE
35
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • eXp World Holdings insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Apr 19 Buy Eugene Frederick Individual 21. Mar 19 21. Mar 19 14,340 $11.45 $164,133
25. Mar 19 Sell Glenn Sanford Individual 21. Mar 19 22. Mar 19 -20,000 $11.37 $-222,640
15. Mar 19 Buy Eugene Frederick Individual 30. Jun 16 31. Jan 19 1,552,351 $4.05 $124,614
14. Mar 19 Sell Scott Petronis Individual 20. Dec 18 20. Dec 18 -15,625 $7.74 $-120,938
03. Oct 18 Sell Darren Jacklin Individual 31. Jul 18 31. Jul 18 -1,480 $14.18 $-20,986
03. Oct 18 Sell Darren Jacklin Individual 28. Sep 18 28. Sep 18 -14,500 $18.34 $-265,930
31. Aug 18 Sell Glenn Sanford Individual 29. Aug 18 31. Aug 18 -40,000 $15.87 $-633,490
X
Management checks
We assess eXp World Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. eXp World Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EXPI News

Simply Wall St News

The eXp World Holdings (NASDAQ:EXPI) Share Price Has Soared 3006%, Reaching For The Stratosphere

View our latest analysis for eXp World Holdings Because eXp World Holdings is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth. … In the last 5 years eXp World Holdings saw its revenue grow at 72% per year.

Simply Wall St -

Read This Before Buying eXp World Holdings, Inc. (NASDAQ:EXPI) Shares

The Last 12 Months Of Insider Transactions At eXp World Holdings. … In the last twelve months, the biggest single sale by an insider was when the Founder, Glenn Sanford, sold US$633k worth of shares at a price of US$15.87 per share. … Over the last year we saw more insider selling of eXp World Holdings shares, than buying.

Simply Wall St -

eXp World Holdings, Inc. (NASDAQ:EXPI): Commentary On Fundamentals

(NASDAQ:EXPI) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of EXPI, it

Simply Wall St -

When Will eXp World Holdings, Inc. (NASDAQ:EXPI) Become Profitable?

eXp World Holdings, Inc.'s (NASDAQ:EXPI):. … provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. … View our latest analysis for eXp World Holdings

Simply Wall St -

Are eXp World Holdings, Inc.'s (NASDAQ:EXPI) Interest Costs Too High?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is EXPI growing fast enough to value financial flexibility over lower cost of capital. … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt

Simply Wall St -

Is eXp World Holdings, Inc. (NASDAQ:EXPI) Expensive For A Reason? A Look At The Intrinsic Value

Today, I will calculate the stock's intrinsic value. … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Should You Be Worried About Insider Transactions At eXp World Holdings, Inc. (NASDAQ:EXPI)?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … eXp World Holdings Insider Transactions Over The Last Year … In the last twelve months, the biggest single sale by an insider was when Founder Glenn Sanford sold US$633k worth of shares at a price of US$15.87 per share

Simply Wall St -

Why We Think eXp World Holdings, Inc. (NASDAQ:EXPI) Could Be Worth Looking At

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as

Simply Wall St -

Do Directors Own eXp World Holdings, Inc. (NASDAQ:EXPI) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of US$550m, eXp World Holdings is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for eXp World Holdings

Simply Wall St -

eXp World Holdings Inc (NASDAQ:EXPI): Are Analysts Optimistic?

eXp World Holdings Inc's (NASDAQ:EXPI):. … eXp World Holdings, Inc. … The US$641m market-cap posted a loss in its most recent financial year of -US$22.1m and a latest trailing-twelve-month loss of -US$29.0m leading to an even wider gap between loss and breakeven.

Simply Wall St -

EXPI Company Info

Description

eXp World Holdings, Inc. provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers. It also offers access to collaborative tools and training services for real estate brokers and agents. In addition, the company provides marketing, training, and other support services to its brokers and agents through a proprietary technology enabled services, and technology and support services contracted to third parties. The company was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. eXp World Holdings, Inc. was founded in 2008 and is based in Bellingham, Washington.

Details
Name: eXp World Holdings, Inc.
EXPI
Exchange: NasdaqGM
Founded: 2008
$739,506,318
61,676,924
Website: http://expworldholdings.com
Address: eXp World Holdings, Inc.
2219 Rimland Drive,
Suite 301,
Bellingham,
Washington, 98226,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM EXPI New Common Stock Nasdaq Global Market US USD 30. Sep 2013
Number of employees
Current staff
Staff numbers
354
eXp World Holdings employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:21
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.