Redfin Corporation operates as a real estate brokerage company in the United States and Canada.
Mediocre balance sheet with limited growth.
Share Price & News
How has Redfin's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RDFN's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: RDFN exceeded the US Real Estate industry which returned -17.4% over the past year.
Return vs Market: RDFN exceeded the US Market which returned 9.5% over the past year.
Price Volatility Vs. Market
How volatile is Redfin's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StRedfin Corporation (NASDAQ:RDFN) Just Reported And Analysts Have Been Lifting Their Price Targets
3 weeks ago | Simply Wall StWhat Does Redfin Corporation's (NASDAQ:RDFN) Share Price Indicate?
2 months ago | Simply Wall StHow Does Redfin Corporation (NASDAQ:RDFN) Affect Your Portfolio Volatility?
Is Redfin undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RDFN ($29.99) is trading below our estimate of fair value ($30.8)
Significantly Below Fair Value: RDFN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RDFN is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.
PE vs Market: RDFN 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 RDFN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RDFN is overvalued based on its PB Ratio (10.1x) compared to the US Real Estate industry average (1.1x).
How is Redfin forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RDFN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RDFN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RDFN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RDFN's revenue (25.8% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: RDFN's revenue (25.8% 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 RDFN's Return on Equity is forecast to be high in 3 years time
How has Redfin performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RDFN is currently unprofitable.
Growing Profit Margin: RDFN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RDFN is unprofitable, but has reduced losses over the past 5 years at a rate of 23.9% per year.
Accelerating Growth: Unable to compare RDFN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RDFN is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).
Return on Equity
High ROE: RDFN has a negative Return on Equity (-26.32%), as it is currently unprofitable.
How is Redfin's financial position?
Financial Position Analysis
Short Term Liabilities: RDFN's short term assets ($457.4M) exceed its short term liabilities ($136.1M).
Long Term Liabilities: RDFN's short term assets ($457.4M) exceed its long term liabilities ($178.5M).
Debt to Equity History and Analysis
Debt Level: RDFN's debt to equity ratio (61.7%) is considered high.
Reducing Debt: Insufficient data to determine if RDFN's debt to equity ratio has reduced over the past 5 years.
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: RDFN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RDFN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Redfin's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RDFN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RDFN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RDFN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDFN'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 RDFN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glenn Kelman (47yo)
Mr. Glenn Kelman has been the Chief Executive Officer and President of Redfin Corporation since September 2005. Mr. Kelman served as Vice President of Product Management and Marketing at Plumtree Software ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD1.08M) is below average for companies of similar size in the US market ($USD5.91M).
Compensation vs Earnings: Glenn's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||6.83yrs||US$1.63m||0.016% $482.3k|
|Chief Technology Officer||5.17yrs||US$1.77m||0.10% $3.1m|
|Chief Growth Officer||5yrs||US$1.81m||0.28% $8.3m|
|Chief Product Officer||0.58yr||US$1.86m||no data|
|Head of Investor Relations||no data||no data||no data|
|VP of Legal||no data||no data||no data|
|Vice President of Marketing||no data||no data||no data|
|President of Real Estate Operations||8yrs||US$1.35m||0.16% $4.7m|
|Senior Vice President of Real Estate Operations||no data||no data||no data|
Experienced Management: RDFN's management team is seasoned and experienced (6 years average tenure).
|Independent Director||no data||US$121.47k||0.016% $482.0k|
|Independent Director||9.58yrs||US$129.90k||0.085% $2.5m|
|Independent Director||11.33yrs||US$128.18k||0.14% $4.2m|
|Independent Chairman||3.75yrs||US$146.74k||0.0046% $135.6k|
|Independent Director||6.33yrs||US$125.68k||0.021% $620.2k|
|Independent Director||3.58yrs||US$126.16k||no data|
|Independent Director||3.58yrs||US$140.45k||0.0046% $135.6k|
Experienced Board: RDFN's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.
Redfin Corporation's company bio, employee growth, exchange listings and data sources
- Name: Redfin Corporation
- Ticker: RDFN
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Real Estate Services
- Sector: Real Estate
- Market Cap: US$2.953b
- Shares outstanding: 98.48m
- Website: https://www.redfin.com
Number of Employees
- Redfin Corporation
- 1099 Stewart Street
- Suite 600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RDFN||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jul 2017|
|R6G||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2017|
Redfin Corporation operates as a real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 06:39|
|End of Day Share Price||2020/05/29 00:00|
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.