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OPAD

Offerpad Solutions NYSE:OPAD Stock Report

Last Price

US$1.79

Market Cap

US$442.1m

7D

-15.2%

1Y

-81.9%

Updated

07 Aug, 2022

Data

Company Financials +
OPAD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance4/6
Financial Health2/6
Dividends0/6

OPAD Stock Overview

Offerpad Solutions Inc., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States.

Offerpad Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Offerpad Solutions
Historical stock prices
Current Share PriceUS$1.79
52 Week HighUS$20.97
52 Week LowUS$1.70
Beta0
1 Month Change-26.64%
3 Month Change-61.83%
1 Year Change-81.94%
3 Year Changen/a
5 Year Changen/a
Change since IPO-82.42%

Recent News & Updates

Aug 03

Offerpad Solutions GAAP EPS of $0.04, revenue of $1.1B, Q3 outlook below consensus

Offerpad Solutions press release (NYSE:OPAD): Q2 GAAP EPS of $0.04 (flat Y/Y). Revenue of $1.1B (+190.5% Y/Y). Q3 revenue outlook: $600M – $800M (vs. consensus of $1.21B). Shares -1.91% AH.

Shareholder Returns

OPADUS Real EstateUS Market
7D-15.2%0.4%1.0%
1Y-81.9%-38.1%-12.9%

Return vs Industry: OPAD underperformed the US Real Estate industry which returned -38.1% over the past year.

Return vs Market: OPAD underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is OPAD's price volatile compared to industry and market?
OPAD volatility
OPAD Average Weekly Movement13.3%
Real Estate Industry Average Movement7.9%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: OPAD is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: OPAD's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20151,000Brian Bairhttps://www.offerpad.com

Offerpad Solutions Inc., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform for on-demand customer. The company provides customer-centric experience, which enables them to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services.

Offerpad Solutions Fundamentals Summary

How do Offerpad Solutions's earnings and revenue compare to its market cap?
OPAD fundamental statistics
Market CapUS$442.07m
Earnings (TTM)US$50.05m
Revenue (TTM)US$3.86b

8.8x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OPAD income statement (TTM)
RevenueUS$3.86b
Cost of RevenueUS$3.51b
Gross ProfitUS$348.54m
Other ExpensesUS$298.49m
EarningsUS$50.05m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.20
Gross Margin9.03%
Net Profit Margin1.30%
Debt/Equity Ratio358.3%

How did OPAD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is OPAD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OPAD?

Other financial metrics that can be useful for relative valuation.

OPAD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA23.9x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does OPAD's PE Ratio compare to its peers?

OPAD PE Ratio vs Peers
The above table shows the PE ratio for OPAD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.2x
DOUG Douglas Elliman
7.5xn/aUS$463.3m
ASPS Altisource Portfolio Solutions
7.6x19.6%US$187.2m
HOUS Anywhere Real Estate
4.6x-3.4%US$1.2b
MMI Marcus & Millichap
9.2x7.4%US$1.6b
OPAD Offerpad Solutions
8.8x46.0%US$442.1m

Price-To-Earnings vs Peers: OPAD is expensive based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (7.2x).


Price to Earnings Ratio vs Industry

How does OPAD's PE Ratio compare vs other companies in the US Real Estate Industry?

Price-To-Earnings vs Industry: OPAD is good value based on its Price-To-Earnings Ratio (8.8x) compared to the US Real Estate industry average (10.1x)


Price to Earnings Ratio vs Fair Ratio

What is OPAD'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.

OPAD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio33.4x

Price-To-Earnings vs Fair Ratio: OPAD is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (33.4x).


Share Price vs Fair Value

What is the Fair Price of OPAD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OPAD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OPAD's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Offerpad Solutions forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


46.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OPAD's forecast earnings growth (46% per year) is above the savings rate (1.9%).

Earnings vs Market: OPAD's earnings (46% per year) are forecast to grow faster than the US market (12.9% per year).

High Growth Earnings: OPAD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OPAD's revenue (23.3% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: OPAD's revenue (23.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OPAD's Return on Equity is forecast to be low in 3 years time (11.6%).


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Past Performance

How has Offerpad Solutions performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


96.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OPAD has a high level of non-cash earnings.

Growing Profit Margin: OPAD's current net profit margins (1.3%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: OPAD has become profitable over the past 5 years, growing earnings by 96.7% per year.

Accelerating Growth: OPAD's earnings growth over the past year (966.2%) exceeds its 5-year average (96.7% per year).

Earnings vs Industry: OPAD earnings growth over the past year (966.2%) exceeded the Real Estate industry 19.7%.


Return on Equity

High ROE: OPAD's Return on Equity (15.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Offerpad Solutions's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OPAD's short term assets ($1.5B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: OPAD's short term assets ($1.5B) exceed its long term liabilities ($10.1M).


Debt to Equity History and Analysis

Debt Level: OPAD's net debt to equity ratio (309.5%) is considered high.

Reducing Debt: Insufficient data to determine if OPAD's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: OPAD's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: OPAD's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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Dividend

What is Offerpad Solutions's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate OPAD'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 OPAD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OPAD's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OPAD has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Brian Bair (45 yo)

7.08yrs

Tenure

US$783,689

Compensation

Mr. Brian Bair serves as Founder, Chief Executive Officer and Director at Offerpad Solutions Inc since July 2015 and has been its Chairman of the Board since September 2021. Mr.?Bair has had a strong influ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD783.69K) is below average for companies of similar size in the US market ($USD2.70M).

Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: OPAD's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: OPAD's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Offerpad Solutions Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Offerpad Solutions Inc.
  • Ticker: OPAD
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Implied Market Cap: US$442.074m
  • Shares outstanding: 246.97m
  • Website: https://www.offerpad.com

Number of Employees


Location

  • Offerpad Solutions Inc.
  • 2212 East Williams Field Road
  • Suite 1
  • Chandler
  • Arizona
  • 85286
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.