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Realogy Holdings

NYSE:RLGY
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RLGY
NYSE
$849M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Realogy Holdings Corp., through its subsidiaries, provides real estate and relocation services. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Realogy Holdings has significant price volatility in the past 3 months.
RLGY Share Price and Events
7 Day Returns
-8.3%
NYSE:RLGY
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-69.1%
NYSE:RLGY
-16.5%
US Real Estate
2.9%
US Market
RLGY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Realogy Holdings (RLGY) -8.3% -40.6% -59.2% -69.1% -77.1% -80.1%
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • RLGY underperformed the Real Estate industry which returned -16.5% over the past year.
  • RLGY underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
RLGY
Industry
5yr Volatility vs Market

Value

 Is Realogy Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Realogy Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Realogy Holdings.

NYSE:RLGY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:RLGY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 21%) (544.78%))
4.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:RLGY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Realogy Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:RLGY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 240.57 Analyst x4 209.83
2020 306.79 Analyst x4 233.40
2021 351.00 Analyst x1 232.91
2022 368.51 Est @ 4.99% 213.28
2023 384.39 Est @ 4.31% 194.04
2024 399.13 Est @ 3.84% 175.74
2025 413.12 Est @ 3.5% 158.66
2026 426.64 Est @ 3.27% 142.91
2027 439.90 Est @ 3.11% 128.53
2028 453.08 Est @ 3% 115.46
Present value of next 10 years cash flows $1,804.75
NYSE:RLGY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $453.08 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$3,904.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,904.78 ÷ (1 + 14.65%)10
$995.08
NYSE:RLGY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,804.75 + $995.08
$2,799.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,799.83 / 114.21
$24.51
NYSE:RLGY Discount to Share Price
Calculation Result
Value per share (USD) From above. $24.51
Current discount Discount to share price of $7.43
= -1 x ($7.43 - $24.51) / $24.51
69.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Realogy Holdings is available for.
Intrinsic value
>50%
Share price is $7.43 vs Future cash flow value of $24.51
Current Discount Checks
For Realogy Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Realogy Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Realogy Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Realogy Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Realogy Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:RLGY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.88
NYSE:RLGY Share Price ** NYSE (2019-05-22) in USD $7.43
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Realogy Holdings.

NYSE:RLGY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RLGY Share Price ÷ EPS (both in USD)

= 7.43 ÷ 0.88

8.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Realogy Holdings is good value based on earnings compared to the US Real Estate industry average.
  • Realogy Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Realogy Holdings's expected growth come at a high price?
Raw Data
NYSE:RLGY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
28.2%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NYSE:RLGY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.49x ÷ 28.2%

0.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Realogy Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Realogy Holdings's assets?
Raw Data
NYSE:RLGY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $19.14
NYSE:RLGY Share Price * NYSE (2019-05-22) in USD $7.43
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NYSE:RLGY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RLGY Share Price ÷ Book Value per Share (both in USD)

= 7.43 ÷ 19.14

0.39x

* Primary Listing of Realogy Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Realogy Holdings is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Realogy Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Realogy Holdings has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Realogy Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Realogy Holdings expected to grow at an attractive rate?
  • Realogy Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Realogy Holdings's earnings growth is expected to exceed the United States of America market average.
  • Realogy Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:RLGY Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:RLGY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 28.2%
NYSE:RLGY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:RLGY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:RLGY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,343 131 2
2020-12-31 6,070 363 129 6
2019-12-31 5,905 373 69 5
NYSE:RLGY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,964 421 105
2018-12-31 6,079 394 137
2018-09-30 6,169 446 414
2018-06-30 6,167 490 406
2018-03-31 6,140 549 392
2017-12-31 6,114 667 431
2017-09-30 6,040 620 233
2017-06-30 6,010 669 244
2017-03-31 5,879 638 227
2016-12-31 5,810 586 213
2016-09-30 5,765 561 165
2016-06-30 5,789 580 169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Realogy Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Realogy Holdings's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:RLGY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Realogy Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RLGY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.13 1.13 1.13 1.00
2020-12-31 1.14 1.38 0.75 7.00
2019-12-31 0.64 0.84 0.46 6.00
NYSE:RLGY Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.88
2018-12-31 1.10
2018-09-30 3.23
2018-06-30 3.09
2018-03-31 2.92
2017-12-31 3.15
2017-09-30 1.68
2017-06-30 1.73
2017-03-31 1.59
2016-12-31 1.47
2016-09-30 1.13
2016-06-30 1.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Realogy Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Realogy Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Realogy Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Realogy Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Realogy Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Realogy Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Realogy Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Realogy Holdings's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Realogy Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Realogy Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RLGY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,964.00 105.00 2,130.00
2018-12-31 6,079.00 137.00 2,134.00
2018-09-30 6,169.00 414.00 2,157.00
2018-06-30 6,167.00 406.00 2,166.00
2018-03-31 6,140.00 392.00 2,183.00
2017-12-31 6,114.00 431.00 2,169.00
2017-09-30 6,040.00 233.00 2,157.00
2017-06-30 6,010.00 244.00 2,154.00
2017-03-31 5,879.00 227.00 2,127.00
2016-12-31 5,810.00 213.00 2,104.00
2016-09-30 5,765.00 165.00 2,079.00
2016-06-30 5,789.00 169.00 2,065.00
2016-03-31 5,778.00 174.00 2,056.00
2015-12-31 5,706.00 184.00 2,021.00
2015-09-30 5,659.00 196.00 1,987.00
2015-06-30 5,522.00 186.00 1,936.00
2015-03-31 5,383.00 157.00 1,876.00
2014-12-31 5,328.00 143.00 1,857.00
2014-09-30 5,296.00 442.00 1,842.00
2014-06-30 5,318.00 451.00 1,872.00
2014-03-31 5,339.00 467.00 1,910.00
2013-12-31 5,289.00 438.00 1,897.00
2013-09-30 5,250.00 -174.00 1,914.00
2013-06-30 4,978.00 -317.00 1,867.00
2013-03-31 4,754.00 -426.00 1,828.00
2012-12-31 4,672.00 -543.00 1,830.00
2012-09-30 4,393.00 -405.00 1,775.00
2012-06-30 4,267.00 -399.00 1,752.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Realogy Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Realogy Holdings used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Realogy Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Realogy Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Realogy Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Realogy Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Realogy Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Realogy Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Realogy Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Realogy Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Realogy Holdings Company Filings, last reported 1 month ago.

NYSE:RLGY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,189.00 4,623.00 243.00
2018-12-31 2,315.00 3,795.00 225.00
2018-09-30 2,443.00 3,799.00 226.00
2018-06-30 2,442.00 3,868.00 230.00
2018-03-31 2,428.00 3,785.00 182.00
2017-12-31 2,622.00 3,542.00 227.00
2017-09-30 2,465.00 3,743.00 348.00
2017-06-30 2,423.00 3,706.00 219.00
2017-03-31 2,375.00 3,837.00 205.00
2016-12-31 2,469.00 3,745.00 274.00
2016-09-30 2,468.00 3,796.00 224.00
2016-06-30 2,424.00 4,094.00 423.00
2016-03-31 2,353.00 4,037.00 283.00
2015-12-31 2,422.00 4,022.00 415.00
2015-09-30 2,393.00 4,291.00 567.00
2015-06-30 2,273.00 4,361.00 359.00
2015-03-31 2,158.00 4,226.00 184.00
2014-12-31 2,183.00 4,164.00 313.00
2014-09-30 2,165.00 4,275.00 268.00
2014-06-30 2,057.00 4,255.00 209.00
2014-03-31 1,975.00 4,238.00 119.00
2013-12-31 2,013.00 4,194.00 236.00
2013-09-30 1,673.00 4,245.00 173.00
2013-06-30 1,546.00 4,450.00 187.00
2013-03-31 1,443.00 4,756.00 366.00
2012-12-31 1,519.00 4,668.00 376.00
2012-09-30 -1,742.00 7,591.00 141.00
2012-06-30 -1,712.00 7,640.00 138.00
  • Realogy Holdings's level of debt (211.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (214.5% vs 211.2% today).
  • Debt is not well covered by operating cash flow (9.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Realogy Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Realogy Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.85%
Current annual income from Realogy Holdings dividends. Estimated to be 4.85% next year.
If you bought $2,000 of Realogy Holdings shares you are expected to receive $97 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Realogy Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Realogy Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:RLGY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:RLGY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.36 2.00
2020-12-31 0.36 5.00
2019-12-31 0.36 5.00
NYSE:RLGY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.360 4.342
2018-11-02 0.360 2.392
2018-08-03 0.360 1.778
2018-05-03 0.360 1.518
2018-02-27 0.360 1.375
2017-11-03 0.360 1.364
2017-08-03 0.360 1.076
2017-05-04 0.360 1.142
2016-11-04 0.360 1.346
2016-08-04 0.360 1.402

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Realogy Holdings has been paying a dividend for less than 10 years.
  • Realogy Holdings has only been paying a dividend for 3 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Realogy Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Realogy Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Realogy Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Realogy Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ryan Schneider
COMPENSATION $9,123,122
AGE 48
TENURE AS CEO 1.4 years
CEO Bio

Mr. Ryan M. Schneider is Chief Executive Officer of Realogy Holdings Corp. since December 31, 2017 and has been its President since October 23, 2017 and Director since October 20, 2017. Mr. Schneider served as Chief Operating Officer of Realogy Holdings Corp. since October 23, 2017. He has nearly 15 years of senior leadership experience at Capital One Financial Corporation. From 2007 to 2016, Mr. Schneider was President of Capital One’s Card division from December 2007 to November 2016, its largest business, where he oversaw all of Capital One’s consumer and small business credit card lines in the United States, U.K. and Canada. He managed a staff of more than 10,000 employees and reported directly to Capital One’s Chief Executive Officer. Mr. Schneider joined Capital One in 2002 and held a variety of leadership positions within Capital One through 2007, including Executive Vice President and President, Auto Finance, which did the majority of its business with franchised auto dealers, and Executive Vice President, U.S. Card. From November 2016 until April 2017, he served as Senior Advisor to Capital One. He also served as a Director of Capital One Bank (USA), National Association. Mr. Schneider has substantial experience in public policy and regulatory affairs, including meeting with a sitting President of the United States and testifying in front of a Senate committee. He was a Partner at McKinsey & Company, where he specialized in financial services clients with an emphasis on consumer credit and insurance. He holds a B.A. in Economics from Williams College and his Ph.D. in Economics from Yale University.

CEO Compensation
  • Ryan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ryan's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Realogy Holdings management team in years:

3.4
Average Tenure
56
Average Age
  • The tenure for the Realogy Holdings management team is about average.
Management Team

Ryan Schneider

TITLE
CEO, President & Director
COMPENSATION
$9M
AGE
48
TENURE
1.4 yrs

Tim Gustavson

TITLE
Senior VP
COMPENSATION
$630K
AGE
49
TENURE
4.2 yrs

Dave Gordon

TITLE
Executive VP & CTO
COMPENSATION
$3M
AGE
56
TENURE
1.3 yrs

Marilyn Wasser

TITLE
Executive VP
COMPENSATION
$2M
AGE
62
TENURE
12 yrs

John Peyton

TITLE
President & CEO of Realogy Franchise Group
COMPENSATION
$3M
AGE
50
TENURE
2.6 yrs

Charlotte Simonelli

TITLE
Executive VP
TENURE
0.2 yrs

Alicia Swift

TITLE
Senior Vice President of Financial Planning & Analysis and Investor Relations
TENURE
10.3 yrs

Sunita Bhatia-Holzer

TITLE
Executive VP & Chief Human Resources Officer
AGE
56
TENURE
4.2 yrs

Eric Chesin

TITLE
Senior VP & Head of Strategy
TENURE
1.3 yrs

Don Casey

TITLE
CEO & President of Title Resource Group
COMPENSATION
$2M
AGE
56
TENURE
17.1 yrs
Board of Directors Tenure

Average tenure and age of the Realogy Holdings board of directors in years:

3.1
Average Tenure
58.5
Average Age
  • The tenure for the Realogy Holdings board of directors is about average.
Board of Directors

Mike Williams

TITLE
Independent Chairman
COMPENSATION
$443K
AGE
60
TENURE
1.4 yrs

Ryan Schneider

TITLE
CEO, President & Director
COMPENSATION
$9M
AGE
48
TENURE
1.6 yrs

Alex Perriello

TITLE
Chairman Emeritus of Realogy Franchise Group
COMPENSATION
$3M
AGE
70
TENURE
2.1 yrs

Michael Good

TITLE
Chairman Emeritus of Sotheby’s International Realty Affiliates LLC
AGE
69
TENURE
6.3 yrs

V. Hailey

TITLE
Independent Director
COMPENSATION
$258K
AGE
67
TENURE
11.3 yrs

Duncan Niederauer

TITLE
Independent Director
COMPENSATION
$243K
AGE
58
TENURE
3.3 yrs

Fiona Dias

TITLE
Independent Director
COMPENSATION
$233K
AGE
52
TENURE
5.9 yrs

Sherry Smith

TITLE
Independent Director
COMPENSATION
$233K
AGE
56
TENURE
4.4 yrs

Chris Terrill

TITLE
Independent Director
COMPENSATION
$222K
AGE
50
TENURE
2.8 yrs

Matt Espe

TITLE
Independent Director
COMPENSATION
$228K
AGE
59
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Realogy Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. May 19 Buy Ryan Schneider Individual 08. May 19 08. May 19 119,300 $8.38 $999,734
06. May 19 Buy Michael Williams Individual 06. May 19 06. May 19 2,500 $9.08 $22,700
01. Mar 19 Buy Christopher Terrill Individual 28. Feb 19 28. Feb 19 720 $13.74 $9,893
19. Nov 18 Buy Michael Williams Individual 16. Nov 18 16. Nov 18 5,000 $16.94 $84,700
13. Nov 18 Buy Enrique Silva Individual 13. Nov 18 13. Nov 18 5,500 $18.06 $99,330
13. Nov 18 Buy Duncan Niederauer Individual 12. Nov 18 12. Nov 18 10,000 $17.85 $178,500
X
Management checks
We assess Realogy Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Realogy Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying Realogy Holdings Corp. (NYSE:RLGY) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Realogy Holdings Corp. … NYSE:RLGY Recent Insider Trading, May 16th 2019 Realogy Holdings is not the only stock insiders are buying. … Insiders at Realogy Holdings Have Bought Stock Recently Over the last three months, we've seen significant insider buying at Realogy Holdings.

Simply Wall St -

What Is Realogy Holdings Corp.'s (NYSE:RLGY) Share Price Doing?

saw a decent share price growth in the teens level on the NYSE over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Realogy Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Do You Know What Realogy Holdings Corp.'s (NYSE:RLGY) P/E Ratio Means?

We'll show how you can use Realogy Holdings Corp.'s (NYSE:RLGY) P/E ratio to inform your assessment of the investment opportunity. … Realogy Holdings has a P/E ratio of 11.72, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Are Analysts Saying About Realogy Holdings Corp.'s (NYSE:RLGY) Future?

In December 2018, Realogy Holdings Corp. … (NYSE:RLGY) released its latest earnings announcement, whicha

Simply Wall St -

Realogy Holdings Corp. (NYSE:RLGY): What Does Its Beta Value Mean For Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Interested In Realogy Holdings Corp. (NYSE:RLGY)’s Upcoming US$0.09 Dividend? You Have 3 Days Left

(NYSE:RLGY) will be distributing its dividend of US$0.09 per share on the 25 March 2019, and will start trading ex-dividend in 3 days time on the 08 March 2019. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

Is There An Opportunity With Realogy Holdings Corp.'s (NYSE:RLGY) 23.31% Undervaluation?

by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Can Realogy Holdings Corp. (NYSE:RLGY) Maintain Its Strong Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Realogy Holdings has a return on equity of 17% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why I Like Realogy Holdings Corp. (NYSE:RLGY)

Attractive stocks have exceptional fundamentals. … In the case of Realogy Holdings Corp. … trading at a great value

Simply Wall St -

Realogy Holdings Corp. (NYSE:RLGY) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Realogy Holdings Corp. … In any event it's generally a positive if insiders are buying shares at around the current price. … In the last twelve months there was more buying than selling by Realogy Holdings insiders

Simply Wall St -

Company Info

Description

Realogy Holdings Corp., through its subsidiaries, provides real estate and relocation services. It operates through four segments: Real Estate Franchise Services (RFG), Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG). The RFG segment franchises its residential real estate brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, Better Homes and Gardens Real Estate, and Corcoran brand names. As of December 31, 2018, this segment’s real estate franchise systems and proprietary brands had approximately 16,600 offices and 299,400 independent sales agents worldwide. The NRT segment owns and operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran, Sotheby’s International Realty, ZipRealty, Citi Habitats, and Climb Real Estate brand names to assist home buyers and sellers in listing, marketing, selling, and finding homes. The Cartus segment offers employee relocation services, such as homesale assistance, home finding and other destination, expense processing, relocation policy counseling and consulting, arranging household goods moving, coordinating visa and immigration support, intercultural and language training, and group move management services, as well as providing home equity advances to transferees; and home buying and selling assistance services to members of affinity clients. The TRG segment provides title and settlement services to real estate companies, affinity groups, corporations, and financial institutions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. Realogy Holdings Corp. was incorporated in 2006 and is headquartered in Madison, New Jersey.

Details
Name: Realogy Holdings Corp.
RLGY
Exchange: NYSE
Founded: 2006
$848,603,489
114,213,121
Website: http://www.realogy.com
Address: Realogy Holdings Corp.
175 Park Avenue,
Madison,
New Jersey, 07940,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RLGY Common Stock New York Stock Exchange US USD 11. Oct 2012
DB 04M Common Stock Deutsche Boerse AG DE EUR 11. Oct 2012
Number of employees
Current staff
Staff numbers
11,400
Realogy Holdings employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 06:18
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.