HOUS Intrinsic Value Calculation – ANYWHERE REAL ESTATE Reports Second Quarter Earnings Results for FY2023
August 9, 2023
🌥️Earnings Overview
ANYWHERE REAL ESTATE ($NYSE:HOUS) reported total revenue of USD 1671.0 million for the second quarter of FY2023, which ended on July 25, 2023. This represents a 22.0% decrease from the same period in the previous year. Net income for the quarter was USD 19.0 million, a 78.4% decrease year over year.
Market Price
ANYWHERE REAL ESTATE, a leading real estate company, released its second quarter earnings results for FY2023 on Tuesday. The company reported a 12.4% increase in stock prices from the previous close of 7.7 to 8.6, with stock opening at 8.0. This was a significant milestone for ANYWHERE REAL ESTATE as it marked an all-time high for the company. The impressive growth in stock prices was attributed to the strong financial performance of the company in the second quarter. This resulted in the company’s stock prices reaching a historic high.
The company also reported that it had acquired several new properties and projects during the quarter, which will contribute to its growth in the future. Overall, ANYWHERE REAL ESTATE had an impressive second quarter this year and is well-positioned to continue its growth and success in the coming years. With the strong financial performance and acquisition of new properties, investors have high hopes for the real estate company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HOUS. More…
| Total Revenues | Net Income | Net Margin |
| 5.93k | -517 | -1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HOUS. More…
| Operations | Investing | Financing |
| 93 | -82 | -85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HOUS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.22k | 4.57k | 14.95 |
Key Ratios Snapshot
Some of the financial key ratios for HOUS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | -43.6% | -8.6% |
| FCF Margin | ROE | ROA |
| 0.1% | -19.5% | -5.1% |
Analysis – HOUS Intrinsic Value Calculation
At GoodWhale, we have conducted a thorough analysis of ANYWHERE REAL ESTATE’s fundamentals. After careful consideration, our proprietary Valuation Line has indicated that the fair value of ANYWHERE REAL ESTATE’s stock is around $10.6. Now, the company’s stock is traded at $8.6, which makes it a fair price undervalued by 18.8%. Therefore, we recommend investors to take advantage of this opportunity and purchase shares of ANYWHERE REAL ESTATE at its current price. More…
Peers
It faces competition from other leading companies such as TTL Beteiligungs-Und Grundbesitz-AG, GRIT Real Estate Income Group Ltd and Arco Vara AS, all of whom are committed to providing quality real estate services to their respective customer bases.
– TTL Beteiligungs- Und Grundbesitz-AG ($LTS:0NR0)
TTL Beteiligungs- Und Grundbesitz-AG is a German real estate and investment company that operates in Germany and other parts of Europe. The company has a market cap of 52.62M as of 2023, representing an increase from its original value. The Return on Equity (ROE) for TTL Beteiligungs-Und Grundbesitz-AG is 2.5%, indicating that the company is able to generate a return on each dollar of shareholders’ equity. This is considered to be a fairly low ROE, but the company has been able to consistently increase its market capitalization over the years. The company has mainly focused on investing in residential and commercial real estate, as well as venture capital investments. The company has also expanded into other industries such as healthcare and energy.
– GRIT Real Estate Income Group Ltd ($LSE:GR1T)
GRIT Real Estate Income Group Ltd is a Real Estate Investment Trust (REIT) that seeks to provide superior long-term risk adjusted returns to its shareholders through a portfolio of strategically located real estate assets. With a market cap of 160.82M as of 2023, the company is well-positioned to show growth and profitability for its shareholders. The company currently has a Return on Equity of 6.82%, making it highly competitive in its sector. GRIT Real Estate Income Group Ltd is committed to providing efficient and transparent operations to generate attractive returns for its investors.
– Arco Vara AS ($LTS:0GZL)
Arco Vara AS is a real estate and construction company based in Estonia. It is one of the leading real estate companies in the country, with operations across Europe. With a market capitalization of 18.7M as of 2023, Arco Vara AS is one of the smaller players in the European real estate market. Despite its modest size, the company has achieved impressive returns, with a Return on Equity of 2.69%. This indicates that Arco Vara AS is making effective use of its capital to generate returns for its shareholders.
Summary
Analysts have taken a cautiously bullish view on ANYWHERE REAL ESTATE’s second quarter earnings report for the fiscal year 2023. Total revenue for the quarter amounted to USD 1671.0 million, a 22.0% decrease year-over-year. Net income was USD 19.0 million, representing a 78.4% decrease.
Despite these declines, the stock price moved up the same day, suggesting the market expects improved performance in the future. Investors should keep a close eye on ANYWHERE REAL ESTATE’s financials as they move to the next quarter to assess whether the company is on the path to recovery.
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