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.

Risks

  • eXp World Holdings has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-6.7%

EXPI

-1.4%

US Real Estate

-0.6%

US Market


1 Year Return

-56.4%

EXPI

-5.0%

US Real Estate

0.6%

US Market

EXPI underperformed the Real Estate industry which returned -5% over the past year.

EXPI underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

EXPIIndustryMarket
7 Day-6.7%-1.4%-0.6%
30 Day-1.7%2.4%2.2%
90 Day-25.1%3.6%1.1%
1 Year-56.4%-56.4%-4.0%-5.0%2.9%0.6%
3 Year63.5%63.5%23.0%19.7%44.6%35.2%
5 Year2878.6%2878.6%12.1%8.0%61.9%44.2%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

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

eXp World Holdings is overvalued based on assets compared to the US Real Estate industry average.


Next Steps

Future Growth

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

99.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

eXp World Holdings's revenue is expected to grow significantly at over 20% yearly.

eXp World Holdings's earnings are expected to grow significantly at over 20% yearly.

eXp World Holdings's revenue growth is expected to exceed the United States of America market average.

eXp World Holdings's earnings growth is expected to exceed the United States of America market average.

eXp World Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if eXp World Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

-53.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is eXp World Holdings's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

eXp World Holdings's level of debt (6.7%) 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 (54.9% vs 6.7% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 33.1x 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.

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 -107.4% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


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)

6.5yrs

Tenure

US$1,105,769

Compensation

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 ...


CEO Compensation Analysis

Glenn's remuneration is lower than average for companies of similar size in United States of America.

Glenn's compensation has increased whilst company is loss making.


Management Age and Tenure

0.8yrs

Average Tenure

49yo

Average Age

The average tenure for the eXp World Holdings management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.4yrs

Average Tenure

52yo

Average Age

The tenure for the eXp World Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$6,89629 Aug 19
Darren Jacklin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares376
Max PriceUS$18.34
SellUS$171,34729 Aug 19
Randall Miles
EntityIndividual
Role
Vice Chairman
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
SellUS$265,93003 Oct 18
Darren Jacklin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares14,500
Max PriceUS$18.34

Ownership Breakdown


Management Team

  • John Tobison

    Chief Information Officer

    • Tenure: 0.08yrs
  • Jeff Whiteside (55yo)

    CFO & Chief Collaboration Officer

    • Tenure: 0.8yrs
    • Compensation: US$2.87m
  • Jim Bramble (49yo)

    General Counsel

    • Tenure: 0.5yrs
  • Glenn Sanford (52yo)

    Founder

    • Tenure: 6.5yrs
    • Compensation: US$1.11m
  • Brian Culhane

    Chief Cultural Officer

    • Tenure: 6.3yrs
    • Compensation: US$147.17k
  • Jason Gesing (46yo)

    Executive VP of Business Development & Director

    • Tenure: 6yrs
    • Compensation: US$661.81k
  • Brad Andersohn

    Executive Director of Education & Industry Outreach

    • Tenure: 4.7yrs
  • Alan Goldman (40yo)

    Chief Accounting Officer

    • Tenure: 0.8yrs
    • Compensation: US$275.68k
  • Mitch Robinson

    Chief Marketing Officer

    • Tenure: 0.7yrs
  • Alex Howland

    President of eXp World Technologies

    • Tenure: 0.7yrs

Board Members

  • Randall Miles (62yo)

    Vice Chairman

    • Tenure: 1.7yrs
    • Compensation: US$75.00k
  • Glenn Sanford (52yo)

    Founder

    • Tenure: 6.5yrs
    • Compensation: US$1.11m
  • Jason Gesing (46yo)

    Executive VP of Business Development & Director

    • Tenure: 6yrs
    • Compensation: US$661.81k
  • Darren Jacklin (46yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$48.11k
  • Gene Frederick (63yo)

    Director

    • Tenure: 3.4yrs
  • Suzy Truax (53yo)

    Director

    • Tenure: 2.1yrs
  • Dan Cahir (36yo)

    Independent Director

    • Tenure: 0.8yrs
    • 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$521.460m
  • Shares outstanding: 62.53m
  • 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 Analysis2019/09/22 00:11
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
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.