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Anywhere Real Estate ate (HOUS)
NYSE:HOUS
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Anywhere Real Estate ate
(NYSE:HOUS)55Neutral
Anywhere Real Estate ate (HOUS) vs. S&P 500 (SPY)
Market Cap
$390.53M
Dividend YieldN/A
Average Volume (3M)1.11M
Price to Earnings (P/E)―
Beta (1Y)2.64
Revenue Growth0.99%
EPS Growth-30.39%
CountryUS
Employees8,090
SectorReal Estate
Sector Strength72
IndustryReal Estate
Share Statistics
EPS (TTM)-1.16
Shares Outstanding111,261,826
10 Day Avg. Volume1,753,082
30 Day Avg. Volume1,110,555
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.07
Price to Cash Flow (P/CF)1.40
P/FCF Ratio1.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.00Price Target Upside-14.53% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
Anywhere Real Estate ate Business Overview & Revenue Model
Company DescriptionRealogy Holdings Corp. engages in the provision of residential real estate services, which focuses on empowering independent sales agents. It operates through the following segments: Realogy Franchise Group, Realogy Brokerage Group, Realogy Title Group and Realogy Leads Group. The Realogy Franchise Group segment is the franchisor of residential real estate brokerages through portfolio of well-known brokerage brands, including Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty and Better Homes and Gardens Real Estate. The Realogy Brokerage Group segment owns and operates residential real estate brokerage business in the U.S. primarily under the Coldwell Banker Corcoran and Sotheby's International Realty brand names. The Realogy Title Group segment assists in closing of real estate transactions by providing full-service title and settlement services to customers, real estate companies, affinity groups, corporations and financial institutions with many of these services provided in connection with the Company's real estate brokerage. The Realogy Leads Group segment consists of affinity programs (both company- and client-directed) as well as broker-to-broker referrals. The company was founded on December 14, 2006 and is headquartered in Madison, NJ.
How the Company Makes MoneyAnywhere Real Estate generates revenue primarily through its real estate brokerage services, where it earns commissions from facilitating residential property transactions. The company also benefits from its relocation services, assisting corporations and individuals with moving and relocation needs, which adds a significant revenue stream. Additionally, Anywhere Real Estate offers title and settlement services that provide essential support during property transactions, contributing further to its earnings. The company's partnerships with real estate agents and firms, coupled with its investment in technology to streamline operations, play a crucial role in enhancing its revenue potential.
Anywhere Real Estate ate Financial Statement Overview
Summary
The company faces profitability and revenue growth challenges, with high leverage and consistent net losses indicating financial instability. However, cash flow management shows some positives.Income Statement
The company's income statement reveals a challenging period with net income remaining negative and declining revenue. The TTM (Trailing-Twelve-Months) shows a gross profit margin of 44.6%, which is consistent with prior periods, but the net profit margin is concerning at -2.2%. Revenue growth is negative over the past few years, reflecting industry challenges and internal inefficiencies.45
Neutral
Balance Sheet
The balance sheet shows a moderate financial position with a debt-to-equity ratio of 1.86, indicating significant leverage which poses risk. The equity ratio is 27.8%, reflecting adequate equity backing. However, the return on equity is negative due to ongoing losses, highlighting profitability challenges.50
Neutral
Cash Flow
Cash flow analysis shows a positive trend in operating cash flow compared to previous years. The free cash flow to net income ratio is positive, indicating some efficiency in cash management despite net losses. However, the free cash flow growth rate is volatile, highlighting potential cash management risks.55
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 5.69B | 5.64B | 6.91B | 7.98B | 6.22B | Gross Profit |
| 4.57B | 1.97B | 2.49B | 3.23B | 2.69B | EBIT |
| 3.98B | 188.00M | 401.00M | 667.00M | 412.00M | EBITDA |
| 221.00M | 188.00M | 476.00M | 871.00M | 594.00M | Net Income Common Stockholders |
| -128.00M | -97.00M | -255.00M | 343.00M | -487.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 118.00M | 106.00M | 214.00M | 735.00M | 520.00M | Total Assets |
| 5.64B | 5.84B | 6.38B | 7.21B | 6.93B | Total Debt |
| 2.91B | 3.11B | 3.50B | 3.61B | 3.87B | Net Debt |
| 2.79B | 3.01B | 3.29B | 2.88B | 3.35B | Total Liabilities |
| 4.07B | 4.16B | 4.62B | 5.02B | 5.17B | Stockholders Equity |
| 1.57B | 1.68B | 1.76B | 2.19B | 1.76B |
| Cash Flow | Free Cash Flow | |||
| 26.00M | 115.00M | -201.00M | 542.00M | 653.00M | Operating Cash Flow |
| 104.00M | 187.00M | -92.00M | 643.00M | 748.00M | Investing Cash Flow |
| -77.00M | -59.00M | -55.00M | -147.00M | -90.00M | Financing Cash Flow |
| -21.00M | -227.00M | -376.00M | -275.00M | -402.00M |
Anywhere Real Estate ate Technical Analysis
Negative
3.51
Price Trends
3.52
Positive
3.92
Negative
4.18
Negative
Market Momentum
-0.02
Positive
48.87
Neutral
30.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOUS, the sentiment is Negative. The current price of 3.51 is below the 20-day moving average (MA) of 3.67, below the 50-day MA of 3.52, and below the 200-day MA of 4.18, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.87 is Neutral, neither overbought nor oversold. The STOCH value of 30.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HOUS.
Anywhere Real Estate ate Risk Analysis
Anywhere Real Estate ate disclosed 59 risk factors in its most recent earnings report. Anywhere Real Estate ate 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
Anywhere Real Estate ate Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $1.53B | ― | -10.38% | 2.05% | 6.69% | -137.52% | |
61 Neutral | $4.91B | 18.99 | -3.12% | 7.77% | 6.71% | -19.69% | |
59 Neutral | $4.81B | ― | -37.71% | ― | 15.23% | 55.04% | |
58 Neutral | $17.96B | ― | -2.31% | ― | 14.96% | 29.56% | |
55 Neutral | $390.53M | ― | -8.17% | ― | 0.99% | -30.39% | |
45 Neutral | $802.57M | ― | 199.35% | ― | -4.16% | -17.19% | |
44 Neutral | $875.46M | ― | -54.98% | ― | -25.81% | -34.43% |
* Real Estate Sector Average
Performance Comparison
HOUS
Anywhere Real Estate ate
3.61
-2.07
-36.44%
Z
Zillow Group Class C
76.91
20.70
36.83%
EXPI
eXp World Holdings
10.04
-1.98
-16.47%
RDFN
Redfin
6.40
>-0.01
-0.16%
OPEN
Opendoor Technologies
1.23
-1.72
-58.31%
COMP
Compass
9.16
5.40
143.62%
Anywhere Real Estate ate Earnings Call Summary
Earnings Call Date: Feb 13, 2025 | % Change Since: -4.36% | Next Earnings Date: Apr 24, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of strong performance in terms of operating EBITDA growth, cost savings, and luxury segment expansion, along with strategic advancements in AI integration. However, these were balanced by challenges including significant litigation and settlement costs, impacts from the California wildfires, and foreign currency effects. Overall, the company shows resilience and strategic focus amidst these challenges.Highlights
Strong Operating EBITDA Growth
Generated $290 million of operating EBITDA in 2024, up $35 million from the prior year, with $50 million of free cash flow. Operating EBITDA for 2025 is expected to be about $350 million, indicating a $60 million increase year-over-year.
Cost Savings and Efficiency Improvements
Exceeded cost saving targets by 25%, achieving nearly $125 million in savings through simplifying and automating operations. Targeted another $100 million in cost savings for 2025.
Luxury Segment Growth
Luxury volume was up nearly 10% for the year and approximately 20% in the fourth quarter, with unit growth of 4% year-over-year for the full year and 12% in Q4.
AI Integration Success
Deployed generative AI at scale, improving operations and reducing error rates in document processing to as low as one in 5,000 documents processed.
Franchise Network Expansion
Added 67 new franchisees in 2024, with 28 new franchisees in Q4, including a significant addition of a 400-agent brokerage in the DC area to the Corcoran brand.
Lowlights
Litigation and Settlement Costs
Faced three large expected onetime free cash flow headwinds in 2025 totaling approximately $115 million, including an $83.5 million litigation settlement and a $20 million settlement in January 2025.
Challenges from California Wildfires
Approximately 1,000 agents and several brokerage and title offices were impacted by the wildfires, with financial impacts expected in Q1 2025 and beyond.
Foreign Currency Impact
Operating EBITDA was impacted by foreign currency effects, particularly in the relocation business.
Company Guidance
During the Anywhere Real Estate Year-End 2024 earnings call, the company provided guidance for 2025, projecting an operating EBITDA of approximately $350 million, representing a $60 million increase over 2024. The company expects to achieve around $100 million in cost savings, partially offset by inflationary pressures and investments. Free cash flow for 2025 is anticipated to be similar to the previous year, excluding onetime items. The company also highlighted several financial challenges in 2025, including a $115 million impact from three onetime cash flow headwinds: an $83.5 million litigation settlement, a $40 million legacy tax matter, and a $20 million litigation settlement. Additionally, Anywhere Real Estate achieved a $35 million increase in operating EBITDA in 2024, driven by a 13% growth in closed transaction volume in Q4, strong cost savings, and strategic investments in technology and automation.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.