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RealPage

Nasdaq:RP
Snowflake Description

Proven track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RP
Nasdaq
$6B
Market Cap
  1. Home
  2. US
  3. Software
Company description

RealPage, Inc. provides software and data analytics for the real estate industry in the United States. The last earnings update was 9 days ago. More info.


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RP Share Price and Events
7 Day Returns
-0.4%
NasdaqGS:RP
-3%
US Software
-1%
US Market
1 Year Returns
6.1%
NasdaqGS:RP
18.4%
US Software
-0.4%
US Market
RP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RealPage (RP) -0.4% -2.6% 3.1% 6.1% 142.4% 282.5%
US Software -3% -3.9% 0.9% 18.4% 106.6% 142%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • RP underperformed the Software industry which returned 18.4% over the past year.
  • RP outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
RP
Industry
5yr Volatility vs Market

Value

 Is RealPage 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 RealPage 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 RealPage.

NasdaqGS:RP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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 NasdaqGS:RP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.115 (1 + (1- 21%) (12.71%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.152 * 5.96%)
9.6%

Discounted Cash Flow Calculation for NasdaqGS:RP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RealPage 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:RP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.6%)
2020 259.11 Analyst x4 236.43
2021 287.69 Analyst x3 239.52
2022 310.60 Analyst x1 235.95
2023 329.80 Est @ 6.18% 228.60
2024 346.78 Est @ 5.15% 219.32
2025 362.11 Est @ 4.42% 208.96
2026 376.29 Est @ 3.91% 198.13
2027 389.68 Est @ 3.56% 187.22
2028 402.58 Est @ 3.31% 176.48
2029 415.20 Est @ 3.14% 166.08
Present value of next 10 years cash flows $2,096.67
NasdaqGS:RP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $415.20 × (1 + 2.73%) ÷ (9.6% – 2.73%)
$6,212.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,212.15 ÷ (1 + 9.6%)10
$2,484.78
NasdaqGS:RP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,096.67 + $2,484.78
$4,581.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,581.45 / 92.44
$49.56
NasdaqGS:RP Discount to Share Price
Calculation Result
Value per share (USD) From above. $49.56
Current discount Discount to share price of $61.59
= -1 x ($61.59 - $49.56) / $49.56
-24.3%

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

  • The current share price of RealPage is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 RealPage's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RealPage's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:RP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.46
NasdaqGS:RP Share Price ** NasdaqGS (2019-08-16) in USD $61.59
United States of America Software Industry PE Ratio Median Figure of 83 Publicly-Listed Software Companies 48.57x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

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

** Primary Listing of RealPage.

NasdaqGS:RP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:RP Share Price ÷ EPS (both in USD)

= 61.59 ÷ 0.46

135.3x

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

  • RealPage is overvalued based on earnings compared to the US Software industry average.
  • RealPage is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does RealPage's expected growth come at a high price?
Raw Data
NasdaqGS:RP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 135.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
37.8%per year
United States of America Software Industry PEG Ratio Median Figure of 68 Publicly-Listed Software Companies 2.86x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqGS:RP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 135.3x ÷ 37.8%

3.58x

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

  • RealPage is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on RealPage's assets?
Raw Data
NasdaqGS:RP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $12.11
NasdaqGS:RP Share Price * NasdaqGS (2019-08-16) in USD $61.59
United States of America Software Industry PB Ratio Median Figure of 228 Publicly-Listed Software Companies 5.69x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:RP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:RP Share Price ÷ Book Value per Share (both in USD)

= 61.59 ÷ 12.11

5.09x

* Primary Listing of RealPage.

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

  • RealPage is good value based on assets compared to the US Software industry average.
X
Value checks
We assess RealPage'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. RealPage has a total score of 1/6, 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 RealPage expected to perform in the next 1 to 3 years based on estimates from 9 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
37.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RealPage expected to grow at an attractive rate?
  • RealPage's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • RealPage's earnings growth is expected to exceed the United States of America market average.
  • RealPage's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:RP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:RP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 37.8%
NasdaqGS:RP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 10.4%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 15.6%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
NasdaqGS:RP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:RP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,353 378 177 2
2021-12-31 1,215 346 125 7
2020-12-31 1,101 312 86 9
2019-12-31 991 253 55 9
NasdaqGS:RP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 930 216 42
2019-03-31 902 178 35
2018-12-31 869 245 35
2018-09-30 830 169 8
2018-06-30 774 147 5
2018-03-31 719 164 3
2017-12-31 671 140 0
2017-09-30 632 137 29
2017-06-30 611 171 26
2017-03-31 593 154 22
2016-12-31 568 129 17
2016-09-30 541 133 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RealPage's earnings are expected to grow significantly at over 20% yearly.
  • RealPage's revenue is expected to grow by 10.4% 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
NasdaqGS:RP 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 9 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:RP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.70 1.70 1.70 1.00
2021-12-31 1.22 1.31 1.03 4.00
2020-12-31 0.84 0.93 0.75 5.00
2019-12-31 0.57 0.60 0.54 5.00
NasdaqGS:RP Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.46
2019-03-31 0.39
2018-12-31 0.40
2018-09-30 0.09
2018-06-30 0.07
2018-03-31 0.04
2017-12-31 0.00
2017-09-30 0.36
2017-06-30 0.33
2017-03-31 0.28
2016-12-31 0.22
2016-09-30 0.17

*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.
  • RealPage is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess RealPage'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.
RealPage has a total score of 4/6, 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 RealPage 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 RealPage's growth in the last year to its industry (Software).
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.
  • RealPage has delivered over 20% year on year earnings growth in the past 5 years.
  • RealPage's 1-year earnings growth exceeds its 5-year average (679.2% vs 55.9%)
  • RealPage's earnings growth has exceeded the US Software industry average in the past year (679.2% vs 45.5%).
Earnings and Revenue History
RealPage'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 RealPage Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 930.09 41.68 292.92 116.76
2019-03-31 902.49 35.10 283.80 119.38
2018-12-31 869.48 34.73 274.63 118.53
2018-09-30 830.19 7.59 259.15 114.64
2018-06-30 774.29 5.35 245.14 107.59
2018-03-31 719.35 3.08 242.45 98.11
2017-12-31 670.96 0.38 236.88 89.45
2017-09-30 632.35 28.60 238.51 82.28
2017-06-30 611.25 25.98 237.83 79.13
2017-03-31 592.66 21.85 227.45 76.72
2016-12-31 568.13 16.65 202.81 73.61
2016-09-30 540.76 13.19 211.09 70.67
2016-06-30 514.39 0.79 202.52 68.29
2016-03-31 486.43 -4.61 196.51 67.29
2015-12-31 468.52 -9.22 192.26 67.40
2015-09-30 451.28 -13.01 188.33 67.73
2015-06-30 434.23 -8.07 183.39 68.90
2015-03-31 414.46 -11.05 178.16 66.95
2014-12-31 404.55 -10.27 173.86 64.42
2014-09-30 395.61 -8.21 169.50 61.95
2014-06-30 389.14 7.94 165.59 57.66
2014-03-31 388.60 18.84 160.26 53.44
2013-12-31 377.02 20.69 152.57 50.64
2013-09-30 367.23 22.24 147.15 49.85
2013-06-30 352.40 11.46 140.64 48.89
2013-03-31 336.74 4.48 132.24 48.90
2012-12-31 322.17 5.18 124.55 48.18
2012-09-30 307.59 1.70 120.70 46.68

*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.
  • RealPage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • RealPage used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • RealPage has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RealPage'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 Software 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.
RealPage has a total score of 4/6, 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 RealPage'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 RealPage's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RealPage's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • RealPage's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RealPage'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 0.9x 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 RealPage Company Filings, last reported 1 month ago.

NasdaqGS:RP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,120.32 597.26 261.57
2019-03-31 1,085.38 596.78 252.66
2018-12-31 1,063.02 596.97 228.16
2018-09-30 1,075.72 597.51 279.87
2018-06-30 1,039.38 598.42 373.17
2018-03-31 522.03 649.52 101.65
2017-12-31 501.88 648.58 69.34
2017-09-30 516.69 397.71 109.33
2017-06-30 499.57 395.65 324.59
2017-03-31 451.34 120.87 59.52
2016-12-31 384.76 122.13 104.89
2016-09-30 353.51 122.94 69.09
2016-06-30 334.45 124.13 46.69
2016-03-31 322.97 124.31 57.50
2015-12-31 326.45 45.41 30.91
2015-09-30 311.92 44.00 18.57
2015-06-30 327.36 50.00 29.32
2015-03-31 328.74 15.00 27.79
2014-12-31 328.78 20.00 26.94
2014-09-30 314.54 38.57 30.67
2014-06-30 325.82 25.00 39.22
2014-03-31 322.16 0.00 42.10
2013-12-31 314.50 0.83 34.50
2013-09-30 301.63 0.00 43.98
2013-06-30 277.79 0.00 34.32
2013-03-31 266.81 0.00 22.76
2012-12-31 255.07 10.00 33.80
2012-09-30 247.07 25.00 36.22
  • RealPage's level of debt (53.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.7% vs 53.3% today).
  • Debt is well covered by operating cash flow (36.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess RealPage'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. RealPage has a total score of 2/6, 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 RealPage'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
0%
Current annual income from RealPage dividends.
If you bought $2,000 of RealPage shares you are expected to receive $0 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?
  • Unable to evaluate RealPage's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RealPage's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGS:RP 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 9 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:RP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as RealPage has not reported any payouts.
  • Unable to verify if RealPage's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RealPage's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RealPage has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RealPage'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 RealPage afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RealPage has a total score of 0/6, 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 RealPage'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
Steve Winn
COMPENSATION $11,046,385
AGE 72
TENURE AS CEO 20.8 years
CEO Bio

Mr. Stephen T. Winn, also known as Steve, founded Realpage Inc. in 1998 and has been its Chairman and Chief Executive Officer since November 1998 and served as its President since August 1, 2012. Mr. Winn served as the President of RealPage, Inc. from January 1998 to December 2009. He is a nationally recognized expert on multifamily issues. He is a true visionary and has continually identified revolutionary business concepts and aggressively pursued their development. Prior to RealPage, he served as the President of Research Institute of America (RIA). Mr. Winn served as the President and Chief Executive Officer of Computer Language Research since May 1977. He served as an Executive Vice President of Computer Language Research Inc. since 1971. He has been a Director of RealPage Inc. since November 1998. He serves as a Member of the board of directors at National Multi Housing Council and also a Member of the Real Estate Council. He has also served as a Member of the Stanford University Sloan Board, the American Business Conference, St. Mark’s Board of Trustees and the American Electronics Association. He served as a Director of Computer Language Research since 1969. Mr. Winn has spoken at such events as the National Apartment Association Education Conference and Expo, Multi-Housing World, the Multifamily Trends Conference, the Real Estate Council Conference Group, the National Multi Housing Council Technology Conference, the U.S. Apartment Market Conference and the Texas Apartment Market Conference. In January 2002, he was one of five people recognized by the National Apartment Association as a true leader in the multifamily industry. Accounting Today recognized him as one of the 100 most influential people in the accounting industry. Mr. Winn received his B.S. in electrical engineering from University of Texas at Austin; M.S. in management from Stanford University and M B A from Stanford University.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve'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 RealPage management team in years:

4.3
Average Tenure
52
Average Age
  • The tenure for the RealPage management team is about average.
Management Team

Steve Winn

TITLE
Chairman
COMPENSATION
$11M
AGE
72
TENURE
20.8 yrs

Ashley Chaffin-Glover

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
47
TENURE
1.6 yrs

William Chaney

TITLE
Executive VP & Chief Product Officer
COMPENSATION
$3M
AGE
48
TENURE
7 yrs

Tom Ernst

TITLE
Executive VP
AGE
50
TENURE
0.6 yrs

Kandis L. Thompson

TITLE
Senior VP & Chief Accounting Officer
AGE
52
TENURE
1.1 yrs

Rhett Butler

TITLE
Investor Relations

David Monk

TITLE
Executive VP
COMPENSATION
$1M
AGE
52
TENURE
4.3 yrs

Kurt Twining

TITLE
Senior VP & Chief People Officer
AGE
64
TENURE
8.1 yrs

Andrea Massey

TITLE
Senior Vice President of Marketing

Norman Denler

TITLE
Senior Vice President of Performance Engineering
Board of Directors Tenure

Average tenure and age of the RealPage board of directors in years:

7.5
Average Tenure
65
Average Age
  • The tenure for the RealPage board of directors is about average.
Board of Directors

Jeffrey Leeds

TITLE
Director
COMPENSATION
$257K
AGE
63
TENURE
19.7 yrs

Steve Winn

TITLE
Chairman
COMPENSATION
$11M
AGE
72
TENURE
7 yrs

Peter Gyenes

TITLE
Director
COMPENSATION
$278K
AGE
74
TENURE
9.6 yrs

Chuck Kane

TITLE
Director
COMPENSATION
$277K
AGE
62
TENURE
7.2 yrs

Jason Wright

TITLE
Lead Independent Director
COMPENSATION
$284K
AGE
48
TENURE
7.5 yrs

AI Berkeley

TITLE
Director
COMPENSATION
$251K
AGE
74
TENURE
15.7 yrs

Scott Ingraham

TITLE
Director
COMPENSATION
$263K
AGE
65
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • RealPage individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Jun 19 Sell William Chaney Individual 11. Jun 19 12. Jun 19 -5,000 $60.00 $-290,294
13. Jun 19 Sell Thomas Ernst Individual 11. Jun 19 11. Jun 19 -1,293 $58.13 $-75,162
17. May 19 Sell Alfred Berkeley Individual 15. May 19 15. May 19 -3,000 $59.87 $-179,610
06. Mar 19 Sell Seren Capital, Ltd. Company 05. Mar 19 06. Mar 19 -150,000 $58.95 $-8,781,778
15. Mar 19 Sell Tom Ernst Advisory Company 13. Mar 19 13. Mar 19 -1,715 $60.52 $-103,792
15. Mar 19 Sell William Chaney Individual 13. Mar 19 13. Mar 19 -10,000 $60.67 $-606,700
14. Mar 19 Sell Ashley Chaffin-Glover Individual 12. Mar 19 12. Mar 19 -16,489 $60.18 $-992,308
12. Mar 19 Sell Alfred Berkeley Individual 08. Mar 19 08. Mar 19 -5,000 $58.04 $-290,200
17. Dec 18 Sell William Chaney Individual 13. Dec 18 13. Dec 18 -3,000 $51.01 $-153,030
30. Nov 18 Sell William Chaney Individual 28. Nov 18 28. Nov 18 -50,000 $50.04 $-2,502,000
14. Nov 18 Sell Alfred Berkeley Individual 12. Nov 18 12. Nov 18 -4,000 $49.15 $-196,600
13. Nov 18 Sell Charles Kane Individual 08. Nov 18 08. Nov 18 -6,500 $52.78 $-343,070
11. Sep 18 Sell Alfred Berkeley Individual 07. Sep 18 07. Sep 18 -1,000 $60.60 $-60,600
11. Sep 18 Sell W. Hill Individual 07. Sep 18 07. Sep 18 -25,000 $62.01 $-1,545,168
06. Sep 18 Sell William Chaney Individual 04. Sep 18 04. Sep 18 -25,000 $62.69 $-1,567,250
04. Sep 18 Sell David Monk Individual 30. Aug 18 30. Aug 18 -20,000 $61.55 $-1,231,000
04. Sep 18 Sell W. Hill Individual 30. Aug 18 30. Aug 18 -25,000 $61.55 $-1,538,750
04. Sep 18 Sell Ashley Chaffin-Glover Individual 30. Aug 18 30. Aug 18 -18,000 $61.52 $-1,107,360
X
Management checks
We assess RealPage'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. RealPage 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

RealPage (NASDAQ:RP) Seems To Use Debt Quite Sensibly

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … When we examine debt levels, we first consider both cash and debt levels, together. … Because it carries more debt than cash, we think it's worth watching RealPage's balance sheet over time.

Simply Wall St -

Is RealPage, Inc.'s (NASDAQ:RP) 3.2% ROE Worse Than Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for RealPage: 3.2% = US$35m ÷ US$1.1b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does RealPage Have A Good Return On Equity? … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Does RealPage (NASDAQ:RP) Deserve A Spot On Your Watchlist?

In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. … RealPage's Earnings Per Share Are Growing. … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.

Simply Wall St -

Does RealPage, Inc.'s (NASDAQ:RP) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Steve Winn's Compensation Compare With Similar Sized Companies. … We examined companies with market caps from US$4.0b to US$12b, and discovered that the median CEO total compensation of that group was US$6.6m.

Simply Wall St -

Why RealPage, Inc. (NASDAQ:RP) Could Be Worth Watching

(NASDAQ:RP), which is in the software business, and is based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at RealPage’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Who Has Been Selling RealPage, Inc. (NASDAQ:RP) Shares?

In the last twelve months, the biggest single sale by an insider was when Chairman Stephen Winn sold US$8.8m worth of shares at a price of US$58.95 per share. … That means that an insider was selling shares at slightly below the current price (US$60.69). … All up, insiders sold more shares in RealPage than they bought, over the last year

Simply Wall St -

Read This Before Judging RealPage, Inc.'s (NASDAQ:RP) ROE

Our data shows RealPage has a return on equity of 3.3% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.033 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Investors Who Bought RealPage Shares Five Years Ago Are Now Up 261%

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

Should You Worry About RealPage, Inc.’s (NASDAQ:RP) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Have Insiders Been Selling RealPage, Inc. (NASDAQ:RP) Shares?

So we'll take a look at whether insiders have been buying or selling shares in RealPage, Inc. … The Last 12 Months Of Insider Transactions At RealPage. … It's not particularly great to see insiders were selling shares around current prices

Simply Wall St -

Company Info

Description

RealPage, Inc. provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware, an on demand property management system for single-family properties, and small and centrally managed multifamily properties. The company also provides RealPage Financial Services for back office accounting; Kigo, a vacation rental property management system; spend management solutions for property owners and managers; SmartSource IT for IT management and support services; and EasyLMS, a learning management system. In addition, it offers Online Leasing, Contact Center, Websites and Syndication, Intelligent Lease Management, LeaseLabs, Lead2Lease CRM, Resident Screening, and MyNewPlace solutions that manage leasing and marketing processes, including Websites and syndication, paid lead generation, organic lead generation, lead management, automated lead closure, lead analytics, real-time unit availability, automated online apartment leasing, applicant screening, and creative content design. Further, the company provides resident services solutions, such as resident utility management, resident payments, resident portal, contact center maintenance, and renter’s insurance for utility billing, renter payment processing, service requests, lease renewals, renter’s insurance, and consulting and advisory services; asset optimization solutions covering yieldstar revenue management, business intelligence, and asset and investment management platforms; and professional services, such as consulting and implementation, as well as training programs. RealPage, Inc. was founded in 1998 and is headquartered in Richardson, Texas.

Details
Name: RealPage, Inc.
RP
Exchange: NasdaqGS
Founded: 1998
$5,693,610,870
92,443,755
Website: http://www.realpage.com
Address: RealPage, Inc.
2201 Lakeside Boulevard,
Richardson,
Texas, 75082,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS RP Common Stock Nasdaq Global Select US USD 12. Aug 2010
DB 1R1 Common Stock Deutsche Boerse AG DE EUR 12. Aug 2010
Number of employees
Current staff
Staff numbers
6,500
RealPage employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:39
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/05
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
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.