MMI Stock Overview
Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada.
Marcus & Millichap Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$37.74|
|52 Week High||US$58.33|
|52 Week Low||US$34.13|
|1 Month Change||-7.88%|
|3 Month Change||-32.98%|
|1 Year Change||0.45%|
|3 Year Change||21.39%|
|5 Year Change||43.50%|
|Change since IPO||171.32%|
Recent News & Updates
Here's Why We Think Marcus & Millichap (NYSE:MMI) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
What Does Marcus & Millichap, Inc.'s (NYSE:MMI) Share Price Indicate?
While Marcus & Millichap, Inc. ( NYSE:MMI ) might not be the most widely known stock at the moment, it saw a...
|MMI||US Real Estate||US Market|
Return vs Industry: MMI exceeded the US Real Estate industry which returned -49.5% over the past year.
Return vs Market: MMI exceeded the US Market which returned -21.2% over the past year.
|MMI Average Weekly Movement||6.0%|
|Real Estate Industry Average Movement||8.0%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.3%|
Stable Share Price: MMI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MMI's weekly volatility (6%) has been stable over the past year.
About the Company
Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers.
Marcus & Millichap Fundamentals Summary
|MMI fundamental statistics|
Is MMI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MMI income statement (TTM)|
|Cost of Revenue||US$927.87m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||4.12|
|Net Profit Margin||11.19%|
How did MMI perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is MMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MMI?
Other financial metrics that can be useful for relative valuation.
|What is MMI's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MMI's PE Ratio compare to its peers?
|MMI PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HOUS Anywhere Real Estate
NMRK Newmark Group
CWK Cushman & Wakefield
EXPI eXp World Holdings
MMI Marcus & Millichap
Price-To-Earnings vs Peers: MMI is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (9.9x).
Price to Earnings Ratio vs Industry
How does MMI's PE Ratio compare vs other companies in the US Real Estate Industry?
Price-To-Earnings vs Industry: MMI is good value based on its Price-To-Earnings Ratio (9.2x) compared to the US Real Estate industry average (10.6x)
Price to Earnings Ratio vs Fair Ratio
What is MMI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.2x|
|Fair PE Ratio||32.3x|
Price-To-Earnings vs Fair Ratio: MMI is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (32.3x).
Share Price vs Fair Value
What is the Fair Price of MMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MMI ($37.74) is trading below our estimate of fair value ($607.38)
Significantly Below Fair Value: MMI is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: MMI is good value based on its PEG Ratio (1x)
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How is Marcus & Millichap forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MMI's forecast earnings growth (9.2% per year) is above the savings rate (1.9%).
Earnings vs Market: MMI's earnings (9.2% per year) are forecast to grow slower than the US market (13.6% per year).
High Growth Earnings: MMI's earnings are forecast to grow, but not significantly.
Revenue vs Market: MMI's revenue (9.9% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: MMI's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MMI's Return on Equity is forecast to be high in 3 years time
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How has Marcus & Millichap performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMI has high quality earnings.
Growing Profit Margin: MMI's current net profit margins (11.2%) are higher than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: MMI's earnings have grown by 12.6% per year over the past 5 years.
Accelerating Growth: MMI's earnings growth over the past year (257.8%) exceeds its 5-year average (12.6% per year).
Earnings vs Industry: MMI earnings growth over the past year (257.8%) exceeded the Real Estate industry 116.4%.
Return on Equity
High ROE: MMI's Return on Equity (23.7%) is considered high.
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How is Marcus & Millichap's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MMI's short term assets ($570.8M) exceed its short term liabilities ($192.3M).
Long Term Liabilities: MMI's short term assets ($570.8M) exceed its long term liabilities ($112.5M).
Debt to Equity History and Analysis
Debt Level: MMI is debt free.
Reducing Debt: MMI has no debt compared to 5 years ago when its debt to equity ratio was 3.6%.
Debt Coverage: MMI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MMI has no debt, therefore coverage of interest payments is not a concern.
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What is Marcus & Millichap current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MMI's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: MMI's dividend (1.32%) is low compared to the top 25% of dividend payers in the US market (4.25%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether MMI's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MMI's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (6.2%), MMI's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (9.7%), MMI's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hessam Nadji (57 yo)
Mr. Hessam Nadji has been the President, Chief Executive Officer and Director of Marcus & Millichap Inc. since March 31, 2016. Prior to this, Mr. Nadji served as a Senior Executive Vice President from May...
CEO Compensation Analysis
Compensation vs Market: Hessam's total compensation ($USD8.22M) is above average for companies of similar size in the US market ($USD5.56M).
Compensation vs Earnings: Hessam's compensation has increased by more than 20% in the past year.
Experienced Management: MMI's management team is considered experienced (4.9 years average tenure).
Experienced Board: MMI's board of directors are considered experienced (8.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MMI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marcus & Millichap, Inc.'s employee growth, exchange listings and data sources
- Name: Marcus & Millichap, Inc.
- Ticker: MMI
- Exchange: NYSE
- Founded: 1971
- Industry: Real Estate Services
- Sector: Real Estate
- Implied Market Cap: US$1.467b
- Shares outstanding: 38.88m
- Website: https://www.marcusmillichap.com
Number of Employees
- Marcus & Millichap, Inc.
- 23975 Park Sorrento
- Suite 400
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/07/01 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.