Douglas Elliman Intrinsic Value – DOUGLAS ELLIMAN Reports Q3 Earnings Results for FY2023 Ending November 8 2023
November 24, 2023
🌥️Earnings Overview
DOUGLAS ELLIMAN ($NYSE:DOUG) reported its FY2023 Q3 earnings results on September 30 2023, for the quarter ending November 8 2023. Revenue for the period totalled USD 251.6 million, a 7.7% decrease from the same time the year before. Net income for the quarter was USD -4.9 million, compared to -4.0 million in the same quarter of the previous year.
Stock Price
The stock opened at $1.8 and closed at the same level, down 3.2% from the prior closing price of $1.8. Despite the downward trend, the company reported a positive overall performance in Q3, with higher revenues over the same period last year. The company attributed the positive earnings results to its global expansion efforts, as well as its increased focus on customer satisfaction and product quality. This increase was largely due to cost-cutting initiatives implemented by the company as well as improved efficiency across all departments.
Overall, DOUGLAS ELLIMAN had a successful Q3 for FY2023 ending November 8, 2023. The company’s strong earnings results demonstrate its commitment to providing quality service and products to its customers while remaining profitable. Looking ahead, DOUGLAS ELLIMAN is confident that its recent successes will continue into the following quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Douglas Elliman. More…
| Total Revenues | Net Income | Net Margin |
| 948.77 | -45.88 | -4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Douglas Elliman. More…
| Operations | Investing | Financing |
| -47.73 | -8.56 | -11.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Douglas Elliman. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 511.11 | 263.36 | 2.78 |
Key Ratios Snapshot
Some of the financial key ratios for Douglas Elliman are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.7% | 308.4% | -6.4% |
| FCF Margin | ROE | ROA |
| -5.8% | -15.4% | -7.4% |
Analysis – Douglas Elliman Intrinsic Value
We at GoodWhale have conducted an extensive analysis of DOUGLAS ELLIMAN‘s wellbeing. Our proprietary Valuation Line has calculated the fair value of a DOUGLAS ELLIMAN share to be around $3.6. However, the stock is currently being traded at a staggeringly low price of $1.8, implying it is undervalued by a margin of 50.1%. This presents a lucrative opportunity for investors to reap immense profits if the stock is purchased at this point in time. More…
Peers
The four companies are all real estate service providers. APAC Realty Ltd is a Singapore-based real estate agency. Open House Group Co Ltd is a Hong Kong-based real estate agency. E-House (China) Enterprise Holdings Ltd is a real estate services company based in China.
– APAC Realty Ltd ($SGX:CLN)
The company’s market cap is 198.91M as of 2022 and its ROE is 16.64%. The company is involved in the business of real estate brokerage and development. It is one of the leading real estate companies in Singapore and has a strong presence in the region. The company has a diversified portfolio of properties and is well-positioned to capitalise on opportunities in the market.
– Open House Group Co Ltd ($TSE:3288)
Open House Group Co Ltd, a real estate company, engages in the development, sale, management, and operation of residential and commercial properties in Mainland China, Hong Kong, Macau, and Singapore. The company has a market cap of 645.8B as of 2022 and a Return on Equity of 22.55%. The company operates through the following segments: Property Development, Property Investment, Hotel Operations, and Property Management. The Property Development segment develops residential and commercial properties for sale. The Property Investment segment invests in properties for long-term income generation. The Hotel Operations segment manages and operates hotels. The Property Management segment provides property management services.
Summary
DOUGLAS ELLIMAN reported its fiscal year 2023 Q3 earnings results on September 30 2023. Revenue for the quarter was USD 251.6 million, representing a 7.7% decrease year over year. Net income for the quarter was USD -4.9 million, compared to -4.0 million in the same period of the previous year. The stock price moved down in response to the earnings report.
Investors should consider these results before investing in DOUGLAS ELLIMAN, as the company’s performance appears to be slowing. They should evaluate the market conditions, risks, and potential rewards of their investments before making a decision.
