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Douglas Elliman Inc. (DOUG)
NYSE:DOUG
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Douglas Elliman Inc.
(NYSE:DOUG)
59Neutral
Douglas Elliman Inc. (DOUG) vs. S&P 500 (SPY)
Market Cap
$144.64M
Dividend YieldN/A
Average Volume (3M)544.57K
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue Growth4.12%
EPS Growth-78.67%
CountryUS
Employees783
SectorReal Estate
Sector Strength75
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.91
Shares Outstanding88,737,840
10 Day Avg. Volume570,451
30 Day Avg. Volume544,574
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.16
Price to Cash Flow (P/CF)4.30
P/FCF Ratio5.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Douglas Elliman Inc. Business Overview & Revenue Model
Company DescriptionDouglas Elliman Inc. (DOUG) is a prominent real estate brokerage company in the United States, specializing in residential and commercial real estate services. The firm operates across multiple sectors, including property sales, leasing, and management, offering a comprehensive range of services to both buyers and sellers. Douglas Elliman is renowned for its extensive market presence, with a strong focus on high-end and luxury properties, and it maintains a significant footprint in major metropolitan areas, such as New York City, Miami, and Los Angeles.
How the Company Makes MoneyDouglas Elliman makes money primarily through commissions earned on real estate transactions. As a brokerage firm, the company facilitates property sales and leases, earning a percentage of the transaction value as a commission. This revenue model is driven by the volume and value of real estate transactions it handles. Additionally, the company may generate income from ancillary services, such as property management and consulting. Key partnerships with real estate developers and a network of agents contribute to its earnings by expanding its market reach and enhancing service offerings. The company's focus on luxury and high-value properties also amplifies its revenue potential, given the higher commission rates typically associated with such transactions.
Douglas Elliman Inc. Financial Statement Overview
Summary
Douglas Elliman Inc. faces significant financial challenges, including declining revenue, persistent net losses, and negative cash flow. While the balance sheet shows moderate leverage, profitability and liquidity are major concerns that need addressing.Income Statement
Douglas Elliman Inc. shows a declining revenue trend with a 0.8% increase in the TTM compared to the previous year, but still below 2021 levels. The company struggles with profitability, reporting a negative net profit margin of -8.8% and a negative EBIT margin in the TTM. The gross profit margin is relatively modest at 17.7%. The declining EBIT and EBITDA margins indicate operational inefficiencies.45
Neutral
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 1.09, indicating a balanced approach to leveraging. However, the equity ratio has decreased to 34.5%, reflecting lower equity levels against total assets. Return on Equity (ROE) is negative due to consistent net losses, which raises concerns about shareholder returns.55
Neutral
Cash Flow
The company faces challenges in generating positive cash flows, with negative free cash flow growth of -32.5% in the TTM. The operating cash flow to net income ratio is less than ideal, indicating difficulties in converting earnings to cash. Free cash flow to net income is also negative, highlighting liquidity concerns.50
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 967.00M | 955.58M | 1.15B | 1.35B | 773.99M | 784.11M | Gross Profit |
| 171.43M | 178.81M | 316.37M | 367.62M | 227.04M | 258.88M | EBIT |
| -42.44M | -64.50M | -7.97M | 102.10M | 75.48M | -6.70M | EBITDA |
| -68.10M | -54.09M | 3.47M | 110.66M | 39.38M | 5.16M | Net Income Common Stockholders |
| -85.43M | -42.55M | -6.40M | 98.84M | -46.37M | 8.46M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 71.48M | 119.81M | 163.86M | 211.62M | 94.42M | 71.48M | Total Assets |
| 0.00 | 493.42M | 550.40M | 595.17M | 453.98M | 488.61M | Total Debt |
| 0.00 | 132.94M | 142.84M | 164.87M | 192.47M | 191.63M | Net Debt |
| 71.49M | 13.13M | -21.02M | -46.76M | 98.05M | 120.14M | Total Liabilities |
| 0.00 | 259.26M | 279.94M | 313.30M | 290.39M | 284.32M | Stockholders Equity |
| 204.28M | 233.23M | 268.92M | 279.93M | 163.59M | 204.28M |
| Cash Flow | Free Cash Flow | ||||
| -24.66M | -36.56M | -23.28M | 123.72M | 25.74M | -502.00K | Operating Cash Flow |
| -19.63M | -30.41M | -14.74M | 127.83M | 31.86M | 7.58M | Investing Cash Flow |
| -1.76M | -5.24M | -12.74M | -8.86M | -4.09M | -1.51M | Financing Cash Flow |
| 44.76M | -6.21M | -30.00M | 3.20M | -143.00K | -19.12M |
Douglas Elliman Inc. Technical Analysis
Negative
1.60
Price Trends
1.81
Negative
1.87
Negative
1.80
Negative
Market Momentum
-0.06
Positive
44.28
Neutral
59.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOUG, the sentiment is Negative. The current price of 1.6 is below the 20-day moving average (MA) of 1.69, below the 50-day MA of 1.81, and below the 200-day MA of 1.80, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 44.28 is Neutral, neither overbought nor oversold. The STOCH value of 59.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DOUG.
Douglas Elliman Inc. Risk Analysis
Douglas Elliman Inc. disclosed 41 risk factors in its most recent earnings report. Douglas Elliman Inc. reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Douglas Elliman Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $23.17B | 40.34 | 5.66% | 1.60% | 18.14% | -30.84% | |
71 Outperform | $909.84M | ― | -76.91% | ― | 83.50% | 8.45% | |
60 Neutral | $3.00B | 12.40 | 0.61% | 9872.56% | 7.62% | -2.59% | |
59 Neutral | $144.64M | ― | -38.60% | ― | 4.12% | -78.67% | |
57 Neutral | $239.60M | 21.21 | 1.69% | ― | -5.52% | ― | |
49 Neutral | $349.92M | ― | -7.89% | ― | 0.99% | -30.39% | |
44 Neutral | $689.66M | ― | -46.67% | ― | -25.81% | -34.43% |
* Real Estate Sector Average
Performance Comparison
DOUG
Douglas Elliman Inc.
1.60
0.35
28.00%
HOUS
Anywhere Real Estate ate
3.00
-2.43
-44.75%
RMAX
Re/Max Holdings
7.50
0.36
5.04%
BEKE
KE Holdings Inc. Sponsored ADR Class A
19.36
6.84
54.63%
OPEN
Opendoor Technologies
0.93
-1.23
-56.94%
REAX
Real Brokerage
4.62
1.28
38.32%
Douglas Elliman Inc. Earnings Call Summary
Earnings Call Date: Mar 11, 2025 | % Change Since: -2.44% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and improved financial performance in the fourth quarter of 2024, alongside significant expense reductions and increased cash receipts. However, there are ongoing challenges with a net loss increase year-over-year, despite improvements in adjusted EBITDA. Overall, the sentiment is cautiously optimistic with notable progress in financial metrics and brand recognition.Highlights
Strong Revenue Growth
Douglas Elliman's revenues increased by 13.6% in the fourth quarter of 2024 compared to the fourth quarter of 2023, showing substantial growth and momentum.
Increased Cash Receipts
Cash receipts in January and February 2025 were approximately 30% higher than in the same months of 2024, indicating improved financial inflow.
Recognition as Most Trusted Brokerage
Douglas Elliman was ranked as the most trusted real estate brokerage in 2025 by Life Story Research, highlighting its strong market reputation.
Development Marketing Revenue Surge
Development marketing revenue increased to $25.5 million in Q4 2024 from $9.5 million in Q4 2023, reflecting significant growth in this segment.
Expense Reductions
Operating expenses were reduced by $19.7 million in 2024 compared to 2023, indicating effective cost management.
Improved Adjusted EBITDA
Adjusted EBITDA loss decreased significantly to $5.4 million in Q4 2024 from $16.1 million in Q4 2023, showing improvement in financial health.
Lowlights
Net Loss Increased Year-over-Year
Net loss for the year ended December 31, 2024, was $76.3 million, up from $42.6 million in 2023, reflecting increased financial challenges.
Continued Adjusted EBITDA Loss
Despite improvements, there was an adjusted EBITDA loss of $17.8 million for the year 2024, though reduced from $39.9 million in 2023.
Company Guidance
During the fourth quarter of 2024, Douglas Elliman demonstrated solid financial performance and strategic progress, with revenues increasing by 13.6% to $243.3 million compared to $214.1 million in the same period of 2023. The company also reported a net loss reduction from $14.8 million in Q4 2023 to $6 million in Q4 2024, or $0.07 per diluted share. Adjusted EBITDA showed improvement, narrowing the loss to $5.4 million from $16.1 million in the previous year. Additionally, adjusted net income was $2.4 million, or $0.03 per share, a significant turnaround from an adjusted net loss of $13.7 million, or $0.17 per share, in Q4 2023. For the full year, revenues reached $995.6 million, up from $955.6 million in 2023, while the net loss widened to $76.3 million, or $0.91 per diluted share, from $42.6 million, or $0.52 per diluted share, in 2023. However, adjusted EBITDA loss for the year improved to $17.8 million from $39.9 million in 2023, and the adjusted net loss decreased to $24 million, or $0.29 per diluted share, from $40.1 million, or $0.49 per diluted share, in 2023. The company also maintained strong liquidity with $145 million in cash and investments, and it successfully reduced operating expenses by $19.7 million from 2023, excluding certain items. The development marketing division reported a substantial increase in revenue to $25.5 million, up from $9.5 million in Q4 2023, supported by a robust pipeline of projects.Douglas Elliman Inc. Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Douglas Elliman Inc. Announces New Leadership Transition
Positive
Oct 22, 2024
Douglas Elliman Inc. announces a major leadership transition as Howard M. Lorber retires, with Michael Liebowitz stepping in as the new Chairman and CEO. Liebowitz, a seasoned business executive, brings extensive experience from the insurance and financial sectors. He aims to drive Douglas Elliman into a new phase of growth, leveraging a strong balance sheet and a robust pipeline of projects. With a focus on maximizing shareholder value, Liebowitz expresses confidence in the company’s promising future.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.