NasdaqGM:EXPI

Stock Analysis Report

Executive Summary

eXp World Holdings, Inc. provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.

Share Price & News

How has eXp World Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EXPI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.8%

EXPI

0.3%

US Real Estate

0.5%

US Market


1 Year Return

-11.4%

EXPI

11.0%

US Real Estate

12.8%

US Market

Return vs Industry: EXPI underperformed the US Real Estate industry which returned 11% over the past year.

Return vs Market: EXPI underperformed the US Market which returned 12.8% over the past year.


Shareholder returns

EXPIIndustryMarket
7 Day6.8%0.3%0.5%
30 Day16.2%6.9%4.3%
90 Day10.6%11.0%8.0%
1 Year-11.4%-11.4%11.9%11.0%15.3%12.8%
3 Year123.6%123.6%33.0%29.8%48.3%38.7%
5 Year5427.8%5427.8%11.1%7.5%62.6%44.5%

Price Volatility Vs. Market

How volatile is eXp World Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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 ($9.95) is trading below our estimate of fair value ($35.06)

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


Price To Earnings Ratio

PE vs Industry: EXPI is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: EXPI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EXPI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EXPI is overvalued based on its PB Ratio (14.2x) compared to the US Real Estate industry average (1.6x).


Next Steps

Future Growth

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

121.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXPI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: EXPI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EXPI's is expected to become profitable in the next 3 years.

Revenue vs Market: EXPI's revenue (30.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: EXPI's revenue (30.7% 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


Next Steps

Past Performance

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

-47.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EXPI has high quality earnings.

Growing Profit Margin: EXPI's current net profit margins (-1.8%) are higher than last year (-7.3%).


Past Earnings Growth Analysis

Earnings Trend: EXPI is unprofitable, and losses have increased over the past 5 years at a rate of -47.8% per year.

Accelerating Growth: Unable to compare EXPI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EXPI is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-22.6%).


Return on Equity

High ROE: EXPI has a negative Return on Equity (-34.42%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is eXp World Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: EXPI's short term assets ($81.3M) exceeds its short term liabilities ($50.1M)

Long Term Liabilities: EXPI's short term assets (81.3M) exceeds its long term liabilities (2.9M)


Debt to Equity History and Analysis

Debt Level: EXPI's debt to equity ratio (6.2%) is considered satisfactory

Reducing Debt: EXPI's debt to equity ratio has reduced from 28.2% to 6.2% over the past 5 years.


Balance Sheet

Inventory Level: EXPI has a low level of unsold assets or inventory.

Debt Coverage by Assets: EXPI's debt is covered by short term assets (assets are 29.2x debt).


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.

Stable Cash Runway: Whilst unprofitable EXPI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: EXPI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 102.3% per year.


Next Steps

  • Explore more healthy companies in the Real Estate industry.

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate EXPI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate EXPI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EXPI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EXPI's dividend payments have been 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

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

0.8yrs

Average management tenure


CEO

Glenn Sanford (52yo)

6.7yrs

Tenure

US$1,105,769

Compensation

Mr. Glenn Darrel Sanford founded eXp Realty, LLC in 2007 and served as its Chief Executive Officer. Mr. Sanford is the Founder of eXp World Holdings, Inc. and has been its Chairman, Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD1.11M) is below average for companies of similar size in the US market ($USD2.62M).

Compensation vs Earnings: Glenn's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

0.8yrs

Average Tenure

49yo

Average Age

Experienced Management: EXPI's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

3.6yrs

Average Tenure

52yo

Average Age

Experienced Board: EXPI's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: EXPI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$47629 Oct 19
Eugene Frederick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares71
Max PriceUS$6.70
SellUS$171,34729 Aug 19
Randall Miles
EntityIndividual
Role
Vice Chairman
Independent Vice Chairman
Shares16,226
Max PriceUS$10.56
BuyUS$164,13326 Apr 19
Eugene Frederick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares14,340
Max PriceUS$11.45
SellUS$222,64025 Mar 19
Glenn Sanford
EntityIndividual
Role
Chief Executive Officer
Founder
Shares20,000
Max PriceUS$11.37
BuyUS$124,61415 Mar 19
Eugene Frederick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,552,351
Max PriceUS$4.05
SellUS$120,93814 Mar 19
Scott Petronis
EntityIndividual
Shares15,625
Max PriceUS$7.74

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.7%.


Management Team

  • John Tobison

    Chief Information Officer

    • Tenure: 0.3yrs
  • Jeff Whiteside (55yo)

    CFO & Chief Collaboration Officer

    • Tenure: 1yrs
    • Compensation: US$2.87m
  • Jim Bramble (49yo)

    General Counsel

    • Tenure: 0.7yrs
  • Glenn Sanford (52yo)

    Founder

    • Tenure: 6.7yrs
    • Compensation: US$1.11m
  • RJ Jones

    Executive Vice President of Finance & Growth

    • Tenure: 0.8yrs
  • Brian Culhane

    Chief Cultural Officer

    • Tenure: 6.4yrs
    • Compensation: US$147.17k
  • Jason Gesing (46yo)

    CEO - eXp Realty & Director

    • Tenure: 6.2yrs
    • Compensation: US$577.22k
  • Alan Goldman (40yo)

    Chief Accounting Officer

    • Tenure: 1yrs
    • Compensation: US$275.68k
  • Mitch Robinson

    Chief Marketing Officer

    • Tenure: 0.8yrs
  • Cynthia Nowak

    Vice President of Marketing & Communication

    • Tenure: 0yrs

Board Members

  • Randall Miles (62yo)

    Independent Vice Chairman

    • Tenure: 1.8yrs
    • Compensation: US$75.00k
  • Glenn Sanford (52yo)

    Founder

    • Tenure: 6.7yrs
    • Compensation: US$1.11m
  • Jason Gesing (46yo)

    CEO - eXp Realty & Director

    • Tenure: 6.2yrs
    • Compensation: US$577.22k
  • Darren Jacklin (46yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$48.11k
  • Gene Frederick (63yo)

    Director

    • Tenure: 3.6yrs
  • Suzy Truax (53yo)

    Director

    • Tenure: 2.3yrs
  • Dan Cahir (36yo)

    Independent Director

    • Tenure: 1yrs
    • Compensation: US$979.96k

Company Information

eXp World Holdings, Inc.'s company bio, 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$640.701m
  • Shares outstanding: 64.39m
  • Website: https://expworldholdings.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EXPINasdaqGM (Nasdaq Global Market)YesNew Common StockUSUSDSep 2013

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 00:04
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.