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RMAX

RE/MAX HoldingsNYSE:RMAX Stock Report

Last Price

US$29.17

Market Cap

US$928.1m

7D

-7.6%

1Y

-25.5%

Updated

21 Jan, 2022

Data

Company Financials +
RMAX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends2/6

RMAX Stock Overview

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally.

RE/MAX Holdings Competitors

Zillow Group

NasdaqGS:ZG

US$13.7b

Opendoor Technologies

NasdaqGS:OPEN

US$6.0b

Redfin

NasdaqGS:RDFN

US$3.2b

Realogy Holdings

NYSE:RLGY

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for RE/MAX Holdings
Historical stock prices
Current Share PriceUS$29.17
52 Week HighUS$43.85
52 Week LowUS$26.05
Beta1.48
1 Month Change-4.08%
3 Month Change-8.73%
1 Year Change-25.45%
3 Year Change-21.84%
5 Year Change-47.63%
Change since IPO8.04%

Recent News & Updates

Dec 09
Is It Too Late To Consider Buying RE/MAX Holdings, Inc. (NYSE:RMAX)?

Is It Too Late To Consider Buying RE/MAX Holdings, Inc. (NYSE:RMAX)?

RE/MAX Holdings, Inc. ( NYSE:RMAX ), might not be a large cap stock, but it saw a double-digit share price rise of over...

Shareholder Returns

RMAXUS Real EstateUS Market
7D-7.6%-6.3%-4.6%
1Y-25.5%-39.9%7.7%

Return vs Industry: RMAX exceeded the US Real Estate industry which returned -34.3% over the past year.

Return vs Market: RMAX underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is RMAX's price volatile compared to industry and market?
RMAX volatility
RMAX Average Weekly Movement4.6%
Real Estate Industry Average Movement7.9%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: RMAX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: RMAX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973545Adam Contoshttps://www.remax.com

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. It operates through three segments: Real Estate, Mortgage, and Marketing Funds. The company offers its real estate franchise services under the RE/MAX brand; and mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand.

RE/MAX Holdings Fundamentals Summary

How do RE/MAX Holdings's earnings and revenue compare to its market cap?
RMAX fundamental statistics
Market CapUS$928.12m
Earnings (TTM)-US$17.64m
Revenue (TTM)US$312.99m

2.9x

P/S Ratio

-52.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RMAX income statement (TTM)
RevenueUS$312.99m
Cost of RevenueUS$77.28m
Gross ProfitUS$235.71m
ExpensesUS$253.35m
Earnings-US$17.64m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.56
Gross Margin75.31%
Net Profit Margin-5.64%
Debt/Equity Ratio684.5%

How did RMAX perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

-96%

Payout Ratio

Valuation

Is RE/MAX Holdings undervalued compared to its fair value and its price relative to the market?

31.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RMAX ($30.02) is trading below our estimate of fair value ($42.95)

Significantly Below Fair Value: RMAX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RMAX is unprofitable, so we can't compare its PE Ratio to the US Real Estate industry average.

PE vs Market: RMAX 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 RMAX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RMAX is overvalued based on its PB Ratio (1.9x) compared to the US Real Estate industry average (1.6x).


Future Growth

How is RE/MAX Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

41.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RMAX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: RMAX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RMAX's is expected to become profitable in the next 3 years.

Revenue vs Market: RMAX's revenue (5.5% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: RMAX's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RMAX's Return on Equity is forecast to be low in 3 years time (6.1%).


Past Performance

How has RE/MAX Holdings performed over the past 5 years?

-15.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RMAX is currently unprofitable.

Growing Profit Margin: RMAX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RMAX is unprofitable, and losses have increased over the past 5 years at a rate of 15.7% per year.

Accelerating Growth: Unable to compare RMAX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RMAX is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (85.5%).


Return on Equity

High ROE: RMAX has a negative Return on Equity (-43.12%), as it is currently unprofitable.


Financial Health

How is RE/MAX Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: RMAX's short term assets ($201.6M) exceed its short term liabilities ($141.1M).

Long Term Liabilities: RMAX's short term assets ($201.6M) do not cover its long term liabilities ($571.9M).


Debt to Equity History and Analysis

Debt Level: RMAX's net debt to equity ratio (504%) is considered high.

Reducing Debt: RMAX's debt to equity ratio has increased from 318.7% to 684.5% over the past 5 years.

Debt Coverage: RMAX's debt is not well covered by operating cash flow (9.7%).

Interest Coverage: RMAX's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Dividend

What is RE/MAX Holdings's current dividend yield, its reliability and sustainability?

3.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RMAX's dividend (3.06%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: RMAX's dividend (3.06%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, RMAX has been paying a dividend for less than 10 years.

Growing Dividend: RMAX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: RMAX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: RMAX's dividends in 3 years are forecast to be well covered by earnings (36.9% payout ratio).


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

Adam Contos (49 yo)

3.92yrs

Tenure

US$2,394,169

Compensation

Mr. Adam M. Contos is a Co-Founder of RE/MAX, LLC and served as its Chief Executive Officer since February 2018 until January 11, 2022. He has been Director at RE/MAX Holdings, Inc. since December 2018. He...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD2.39M) is about average for companies of similar size in the US market ($USD2.39M).

Compensation vs Earnings: Adam's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: RMAX's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: RMAX's board of directors are considered experienced (7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

RE/MAX Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: RE/MAX Holdings, Inc.
  • Ticker: RMAX
  • Exchange: NYSE
  • Founded: 1973
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Implied Market Cap: US$928.115m
  • Market Cap: US$551.076m
  • Shares outstanding: 31.45m
  • Website: https://www.remax.com

Number of Employees


Location

  • RE/MAX Holdings, Inc.
  • 5075 South Syracuse Street
  • Denver
  • Colorado
  • 80237
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:11
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.