Rocket Companies Stock Fair Value Calculator – Rocket Companies Stock Gains 3.1% After Q4 Loss Shrinks, Q1 Revenue Guidance Below Estimates for 2023.
March 7, 2023
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Rocket Companies Stock Fair Value Calculator – The stock gained despite the company’s worse-than-expected results, as Rocket Companies ($NYSE:RKT) was able to reduce expenses beyond its initial expectations. However, the midpoint of the company’s first-quarter revenue guidance range was lower than the average analyst estimate. Overall, Rocket Companies’ share price reflects investor confidence in the company’s ability to navigate the uncertain economic climate and continue to grow revenue and profits over the course of the year.
Market Price
On Tuesday, the stock of ROCKET COMPANIES opened at $7.9 and closed at $7.9, down by 0.3% from the previous closing price of 7.9. Right now, media exposure regarding ROCKET COMPANIES is mostly negative. Despite this, the company’s stock is continuing to improve as investors are seeing potential in this company’s future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rocket Companies. More…
| Total Revenues | Net Income | Net Margin |
| – | 46.42 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rocket Companies. More…
| Operations | Investing | Financing |
| 7.74k | -664.85 | -6.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rocket Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.08k | 11.61k | – |
Key Ratios Snapshot
Some of the financial key ratios for Rocket Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Rocket Companies Stock Fair Value Calculator
At GoodWhale, we have conducted an analysis of ROCKET COMPANIES‘s wellbeing. After careful evaluation, we have determined that the intrinsic value of ROCKET COMPANIES share is around $8.7, calculated using our proprietary Valuation Line. Currently, ROCKET COMPANIES stock is being traded at a fair price of $7.9, undervalued by 8.9%. This means that investors have the potential to gain yield if they invest at the current stock rate. We believe the investment opportunity in ROCKET COMPANIES presents itself as a lucrative and secure option for investors considering the potential return on investment. More…
Peers
Its competitors include Ocwen Financial Corp, Federal National Mortgage Association Fannie Mae, Home Capital Group Inc.
– Ocwen Financial Corp ($NYSE:OCN)
Ocwen Financial Corporation is a financial services holding company that, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, Real Estate Owned (REO), Investment Management and Corporate.
– Federal National Mortgage Association Fannie Mae ($OTCPK:FNMA)
As of 2022, Fannie Mae has a market cap of 584.66M. The company is a government-sponsored enterprise that provides financial products and services to homeowners and renters. Its products include single-family and multifamily mortgages, home equity loans, and lines of credit. Fannie Mae was founded in 1938 and is headquartered in Washington, D.C.
– Home Capital Group Inc ($TSX:HCG)
As of 2022, Home Capital Group Inc has a market cap of 982.97M. The company is a provider of alternative residential mortgage solutions in Canada. Home Capital offers residential mortgage products, including first and second mortgages, home equity lines of credit, and lines of credit. The company was founded in 1954 and is headquartered in Toronto, Canada.
Summary
Rocket Companies recently reported a quarterly loss of 4 cents per share, representing a decrease compared to the prior quarter. The company’s revenue guidance for 2023 came in lower than estimates, but the stock surged nonetheless. Investors appear to be bullish on Rocket Companies at this moment, despite negative media coverage. The company’s strong balance sheet, high liquidity, and new initiatives to diversify its services should continue to support the stock’s long-term growth prospects.
Additionally, Rocket Companies is well-positioned to capitalize on current trends in the real estate and financial markets. Its major subsidiaries are well-established, and their performance has been consistent among volatile market conditions. Investors should consider the company’s fundamentals, its operational focus, and the strength of its subsidiaries when making an investing decision.
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