Re/max Holdings Intrinsic Value Calculator – RE/MAX HOLDINGS Reports Earnings Results for Q2 2023
August 25, 2023
🌥️Earnings Overview
For the second quarter of fiscal year 2023 ending June 30 2023, RE/MAX HOLDINGS ($NYSE:RMAX) reported total revenue of USD 82.5 million, a 10.5% decrease from the same period in the previous year. Net income for this quarter significantly decreased by 65.5%, totaling USD 2.0 million.
Stock Price
RE/MAX HOLDINGS reported its earnings results for the second quarter of 2023 on Wednesday, revealing mixed results. In terms of stock prices, the company opened at $19.5 and closed at $19.7, up by 0.6% from prior closing price of 19.5. Overall, RE/MAX HOLDINGS’s shareholders seemed to be relatively pleased with the performance of the company in Q2 2023, with the stock closing up 0.6% from its opening price. Investors will be eager to see how the company performs in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Re/max Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 338.06 | 0.17 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Re/max Holdings. More…
| Operations | Investing | Financing |
| 34.47 | -7.75 | -65.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Re/max Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 655.02 | 631 | 26.35 |
Key Ratios Snapshot
Some of the financial key ratios for Re/max Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.8% | -7.2% | 10.9% |
| FCF Margin | ROE | ROA |
| 8.2% | 4.8% | 3.5% |
Analysis – Re/max Holdings Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of RE/MAX HOLDINGS‘s wellbeing. Based on our proprietary Valuation Line, the fair value of RE/MAX HOLDINGS share is estimated to be around $26.0. At present, RE/MAX HOLDINGS stock is traded at $19.7, implying the share is undervalued by 24.2%. More…
Peers
The company operates in three segments: Real Estate Franchise, Rental Property Franchise, and Company-Owned Real Estate Brokerages. RE/MAX Holdings Inc. reported total revenue of $3.4 billion in 2018, an increase of 6% from the previous year. The company’s net income was $206.6 million in 2018, an increase of 9% from the previous year. RE/MAX Holdings Inc. operates in the United States, Canada, Europe, Asia, Latin America, and Africa. The company has a market capitalization of $6.8 billion as of March 2019. RE/MAX Holdings Inc competes with Mobiventures Inc, E-House (China) Enterprise Holdings Ltd, and Investors House Oyj.
– Mobiventures Inc ($OTCPK:MBLV)
As of 2022, Mobiventures Inc has a market cap of 643.65k. The company has a Return on Equity of 212.89%. The company focuses on mobile technology investments.
– E-House (China) Enterprise Holdings Ltd ($LTS:0G4W)
Investors House Oyj is a Finnish real estate investment company. The company’s objective is to generate long-term capital appreciation for its shareholders through active and responsible real estate ownership. As of December 31, 2020, the company’s investment portfolio consisted of 41 properties with a total value of approximately EUR 1.2 billion.
Summary
RE/MAX HOLDINGS reported a 10.5% decrease in total revenue for the second quarter of 2023 compared to last year, resulting in a net income of USD 2.0 million, which was 65.5% lower than the same period in the prior year. This suggests that RE/MAX HOLDINGS is experiencing a decline in its sales and profits, and investors should consider this when evaluating their investments in the company. Potential risks to consider include changing market conditions and competitive pressures. Additionally, investors should examine management strategies and operational efficiencies to determine if the company can improve its performance in the short-term.
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