| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
OSTK Stock Overview
Overstock.com, Inc. operates as an online retailer in the United States.
Overstock.com Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$30.98 |
| 52 Week High | US$111.28 |
| 52 Week Low | US$24.69 |
| Beta | 3.7 |
| 1 Month Change | 11.04% |
| 3 Month Change | 12.49% |
| 1 Year Change | -54.01% |
| 3 Year Change | 46.69% |
| 5 Year Change | 58.06% |
| Change since IPO | 137.76% |
Recent News & Updates
Overstock: Shares Consolidate After A Wild Pandemic Period
The retail space gears up for what should be a wild earnings week ahead. One online-based retailer already issued disappointing quarterly results. Overstock.com is mired in a trading range as the company fundamentally shifts operations. Retail earnings continue next week with several household names reporting. One online direct marketing firm issued disappointing profits in late July. Overstock.com (OSTK) has an incredibly volatile stock price history, trading between $2.53 in March 2020 to $128.50 later that year, but it is simply rangebound right now. According to Bank of America Global Research, Overstock is a leading pure-play, online retailer in US home furnishings behind only Wayfair (W). The company has over 3,000 suppliers. Nearly 100% of sales are attributable to the US home furnishings segment, and the company has a small presence in Canada. OSTK has majority ownership of a blockchain investment fund, which was converted into a limited partnership in early 2021. The Utah-based $1.4 billion market cap Consumer Discretionary stock in the Internet & Direct Marketing Retail industry does not pay a dividend and features a high short interest of 16.2%, according to The Wall Street Journal. OSTK missed Q2 earnings estimates that were released on July 28. The current period is vital for retailers like Overstock that depend on a strong back-to-school and back-to-college spending season. Last month's quarterly report revealed disappointing web traffic data. Overstock Had Underwhelming Web Traffic BofA Global Research Overstock has exited from some unprofitable retail areas and has deconsolidated its blockchain business, per BofA. Taking that into account, earnings outlooks are better in the years ahead after recent volatility. BofA sees a sharp EPS decline this year before a strong rebound in 2023 and 2024, but they are less sanguine on the firm's profitability prospects compared with the Bloomberg consensus estimates. As such, the forecast P/E ratio is not compelling, but its EV/EBITDA multiple is seen as retreating to reasonable levels while free cash flow looks better next year. OSTK Earnings, Valuation, Free Cash Flow Forecasts BofA Global Research
Overstock.com's (NASDAQ:OSTK) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Overstock.com, Inc.'s ( NASDAQ:OSTK ) recent weak earnings report didn't cause a big stock movement. Our analysis...
The Consensus EPS Estimates For Overstock.com, Inc. (NASDAQ:OSTK) Just Fell Dramatically
Today is shaping up negative for Overstock.com, Inc. ( NASDAQ:OSTK ) shareholders, with the analysts delivering a...
Overstock shares drop after Q2 miss on sinking active customers, orders delivered
Overstock (NASDAQ:OSTK) stock is falling 8% in Thursday premarket trading after the online retailer's Q2 results fell short of Wall Street expectations, highlighting a slump in active customers as well as orders delivered. During the second quarter, the company repurchased $34.9M of its common stock at an average price of $30.69, compared with $28.28 at Wednesday's close. Q2 revenue of $528.1M also fell under the consensus of $600.7M and slipped from $794.5M in Q2 of last year. Expenses totaled $109.6M at June 30, down from $138.3M in the year-ago period. Operating income for Q2 slid to $11.5M from $36.5M in Q2 a year ago. Active customers were 6.49M at June 30 vs. 9.17M at June 30, 2021. Q2 orders delivered came in at 2.14M compared with 3.74M in Q2 2021. Conference call at 8:30 a.m. ET. Earlier, Overstock Q2 Non-GAAP EPS of $0.19 misses by $0.23.
Shareholder Returns
| OSTK | US Online Retail | US Market | |
|---|---|---|---|
| 7D | -0.2% | -0.5% | 1.4% |
| 1Y | -54.0% | -23.4% | -8.4% |
Return vs Industry: OSTK underperformed the US Online Retail industry which returned -25.2% over the past year.
Return vs Market: OSTK underperformed the US Market which returned -9% over the past year.
Price Volatility
| OSTK volatility | |
|---|---|
| OSTK Average Weekly Movement | 11.9% |
| Online Retail Industry Average Movement | 12.2% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: OSTK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: OSTK's weekly volatility (12%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 1,350 | Jonathan Johnson | https://www.overstock.com |
Overstock.com, Inc. operates as an online retailer in the United States. The company offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.
Overstock.com Fundamentals Summary
| OSTK fundamental statistics | |
|---|---|
| Market Cap | US$1.42b |
| Earnings (TTM) | US$71.23m |
| Revenue (TTM) | US$2.37b |
19.9x
P/E Ratio0.6x
P/S RatioIs OSTK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OSTK income statement (TTM) | |
|---|---|
| Revenue | US$2.37b |
| Cost of Revenue | US$1.82b |
| Gross Profit | US$541.87m |
| Other Expenses | US$470.64m |
| Earnings | US$71.23m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.56 |
| Gross Margin | 22.90% |
| Net Profit Margin | 3.01% |
| Debt/Equity Ratio | 5.6% |
How did OSTK perform over the long term?
See historical performance and comparisonValuation
Is OSTK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 OSTK?
Other financial metrics that can be useful for relative valuation.
| What is OSTK's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.42b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.4x |
| Enterprise Value/EBITDA | 12.5x |
| PEG Ratio | 1.5x |
Price to Earnings Ratio vs Peers
How does OSTK's PE Ratio compare to its peers?
| OSTK PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 34.6x | ||
NEGG Newegg Commerce | 40.3x | n/a | US$1.5b |
RVLV Revolve Group | 21.9x | 21.4% | US$1.9b |
QRTE.A Qurate Retail | 12.8x | 39.3% | US$1.6b |
SEAT Vivid Seats | 63.4x | 25.6% | US$1.9b |
OSTK Overstock.com | 19.9x | 13.2% | US$1.4b |
Price-To-Earnings vs Peers: OSTK is good value based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (34.6x).
Price to Earnings Ratio vs Industry
How does OSTK's PE Ratio compare vs other companies in the US Online Retail Industry?
Price-To-Earnings vs Industry: OSTK is good value based on its Price-To-Earnings Ratio (19.9x) compared to the US Online Retail industry average (20.2x)
Price to Earnings Ratio vs Fair Ratio
What is OSTK'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 19.9x |
| Fair PE Ratio | 15.1x |
Price-To-Earnings vs Fair Ratio: OSTK is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).
Share Price vs Fair Value
What is the Fair Price of OSTK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OSTK ($30.98) is trading below our estimate of fair value ($49.44)
Significantly Below Fair Value: OSTK is trading below fair value by more than 20%.
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.
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Future Growth
How is Overstock.com forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OSTK's forecast earnings growth (13.2% per year) is above the savings rate (1.9%).
Earnings vs Market: OSTK's earnings (13.2% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: OSTK's earnings are forecast to grow, but not significantly.
Revenue vs Market: OSTK's revenue (3% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: OSTK's revenue (3% 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 OSTK's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Overstock.com performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
52.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OSTK has a high level of non-cash earnings.
Growing Profit Margin: OSTK's current net profit margins (3%) are lower than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: OSTK has become profitable over the past 5 years, growing earnings by 52.9% per year.
Accelerating Growth: OSTK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OSTK had negative earnings growth (-46.9%) over the past year, making it difficult to compare to the Online Retail industry average (-37.5%).
Return on Equity
High ROE: OSTK's Return on Equity (11.4%) is considered low.
Discover strong past performing companies
Financial Health
How is Overstock.com's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: OSTK's short term assets ($491.8M) exceed its short term liabilities ($253.6M).
Long Term Liabilities: OSTK's short term assets ($491.8M) exceed its long term liabilities ($44.6M).
Debt to Equity History and Analysis
Debt Level: OSTK has more cash than its total debt.
Reducing Debt: OSTK's debt to equity ratio has reduced from 27.3% to 5.6% over the past 5 years.
Debt Coverage: OSTK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OSTK's interest payments on its debt are well covered by EBIT (256.1x coverage).
Balance Sheet
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Dividend
What is Overstock.com current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
0.16%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OSTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OSTK'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 OSTK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OSTK'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 OSTK has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Jonathan Johnson (56 yo)
2.92yrs
Tenure
US$2,855,412
Compensation
Mr. Jonathan E. Johnson, III, serves as an Independent Director at The J. M. Smucker Company since February 2022. He serves as a Director of Voatz, Inc. He serves as Chief Executive Officer of Overstock.co...
CEO Compensation Analysis
Compensation vs Market: Jonathan's total compensation ($USD2.86M) is below average for companies of similar size in the US market ($USD5.41M).
Compensation vs Earnings: Jonathan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: OSTK's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: OSTK's board of directors are considered experienced (9.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OSTK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
Top Shareholders
Company Information
Overstock.com, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Overstock.com, Inc.
- Ticker: OSTK
- Exchange: NasdaqGM
- Founded: 1997
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Implied Market Cap: US$1.416b
- Shares outstanding: 45.70m
- Website: https://www.overstock.com
Number of Employees
Location
- Overstock.com, Inc.
- 799 West Coliseum Way
- Midvale
- Utah
- 84047
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/18 00:00 |
| End of Day Share Price | 2022/08/18 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.