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Douglas Elliman Inc. (DOUG)
:DOUG
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Douglas Elliman Inc.
(NYSE:DOUG)
Rating:57Neutral
Price Target:
$2.50
▲(5.49%Upside)
Douglas Elliman Inc. (DOUG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$210.31M
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth11.24%
EPS Growth38.70%
CountryUS
Employees783
SectorReal Estate
Sector Strength55
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding88,737,840
10 Day Avg. Volume1,513,305
30 Day Avg. Volume1,456,760
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)1.18
Price to Sales (P/S)0.00
P/FCF Ratio-13.60
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue0.07
Enterprise Value/Gross Profit1.23
Enterprise Value/Ebitda-26.66
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 one of the largest residential real estate brokerage firms in the United States. The company operates primarily in the real estate sector, providing a range of services including residential sales and leasing, property marketing, and management. Douglas Elliman is renowned for its extensive reach with operations spanning major markets such as New York City, Florida, California, and other key regions. The company is also recognized for its luxury real estate offerings and its comprehensive approach to real estate services.
How the Company Makes MoneyDouglas Elliman Inc. makes money primarily through commissions earned on real estate transactions. When a property is sold or leased, Douglas Elliman receives a percentage of the transaction value as a commission, which constitutes a significant portion of its revenue. Additionally, the company generates income through its property management services, which involve managing residential properties on behalf of owners for a fee. The company might also engage in strategic partnerships and alliances with other real estate entities to expand its market reach and service offerings, contributing to its revenue streams. Furthermore, its presence in luxury real estate markets allows Douglas Elliman to command higher commissions on high-value property transactions.
Douglas Elliman Inc. Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q1-2025)
| % Change Since: 41.07%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant growth in revenue and luxury home sales, along with improvements in financial performance and liquidity. Despite ongoing economic challenges affecting transaction volumes and a reported net loss, the company is making substantial progress in its strategic initiatives.Q1-2025 Updates
Positive Updates
Record Revenue Growth
Revenues increased by 27% year-over-year to $253.4 million, marking the strongest first quarter performance since 2022.
Significant Increase in Luxury Home Sales
Average price per home sale increased to $2 million, with a 73% increase in homes sold for approximately $5 million or more, and a 76% increase in homes sold for $10 million or more.
Development Marketing Division Success
Development Marketing's first quarter revenues increased by $14.6 million or 222% from the 2024 first quarter.
Improvement in Financial Performance
Net loss reduced to $6 million from $41.5 million in the 2024 first quarter. Adjusted EBITDA turned positive at $1.1 million compared to a loss of $17.6 million in the 2024 first quarter.
Strong Liquidity Position
Cash and cash investments increased to approximately $137 million.
Expense Reduction Success
Operating expenses reduced by $3 million after excluding commissions and other specific expenses.
Negative Updates
Soft Transaction Volume and Economic Challenges
Continued challenges from elevated U.S. mortgage rates, low housing inventory, and broader economic trends affecting transaction volumes.
Continued Net Loss
The company reported a net loss of $6 million or $0.07 per diluted share for the first quarter.
Company Guidance
During the Douglas Elliman First Quarter 2025 Earnings Call, the company announced a 27% year-over-year revenue increase to $253.4 million, marking their strongest first quarter since 2022. The development marketing division's revenue saw a remarkable 222% increase from the previous year, reaching $21.1 million. Luxury home sales remained robust with the average price per transaction rising to $2 million, and a notable 73% increase in sales of homes priced at $5 million or more. The company's net loss was reduced to $6 million from $41.5 million the previous year, while adjusted EBITDA improved to a positive $1.1 million compared to a loss of $17.6 million in the first quarter of 2024. The company also reported a strategic reduction in operating expenses by $3 million, excluding certain costs, and maintained strong liquidity with cash investments around $137 million.Douglas Elliman Inc. Financial Statement Overview
Summary
Douglas Elliman Inc. is facing challenges in profitability and cash flow. Revenue growth is modest with some margin improvement, but net profitability remains elusive. Increased leverage and decreased equity levels are concerns. Cash flow issues reflect operational inefficiencies.Income Statement
Douglas Elliman Inc. shows a mixed financial performance with recent challenges. The company experienced a slight revenue increase of 4.19% from 2023 to 2024, yet it remains below its 2021 peak. Gross profit margin improved significantly, indicating better cost management, climbing from 18.71% in 2023 to 92.93% in 2024. However, net profit margin is negative, reflecting ongoing profitability issues. EBIT margin turned positive, improving from -6.75% in 2023 to 72.82% in 2024, but EBITDA remains negative, pointing to underlying operational challenges.55
Neutral
Balance Sheet
The balance sheet reflects a stable yet cautious outlook. The debt-to-equity ratio increased to 1.15 in 2024 from 0.57 in 2023, suggesting higher leverage. Return on equity remains negative at -47.47%, indicating profitability challenges. The equity ratio dropped to 32.83% in 2024, down from 47.29% in 2023, highlighting a shift towards greater liabilities. The company retains a decent cash position, though with a reduced equity base.60
Neutral
Cash Flow
Cash flow analysis shows operational weaknesses. Operating cash flow remains negative, although slightly improved from 2023. Free cash flow growth is negative, though the decline slowed, indicating cautious progress. Operating cash flow to net income ratio indicates cash generation issues, while the free cash flow to net income ratio remains unfavorable, pointing to ongoing cash management challenges.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.05B | 995.63M | 955.58M | 1.15B | 1.35B | 773.99M |
| Gross Profit | 239.51M | 173.82M | 178.81M | 216.98M | 270.09M | 227.04M |
| EBITDA | 160.73M | -65.21M | -54.09M | 26.93M | 110.66M | 39.38M |
| Net Income | -41.13M | -76.32M | -42.55M | -5.62M | 98.84M | -46.37M |
Balance Sheet | ||||||
| Total Assets | 493.94M | 493.89M | 493.42M | 550.40M | 595.17M | 453.98M |
| Cash, Cash Equivalents and Short-Term Investments | 136.77M | 145.46M | 119.81M | 163.86M | 211.62M | 94.42M |
| Total Debt | 151.53M | 156.28M | 132.94M | 142.84M | 164.87M | 192.47M |
| Total Liabilities | 335.77M | 331.46M | 259.26M | 279.94M | 313.30M | 290.39M |
| Stockholders Equity | 158.24M | 162.19M | 233.23M | 268.92M | 279.93M | 163.59M |
Cash Flow | ||||||
| Free Cash Flow | -8.78M | -31.50M | -36.56M | -23.28M | 123.72M | 25.74M |
| Operating Cash Flow | -4.29M | -25.96M | -30.41M | -14.74M | 127.83M | 31.86M |
| Investing Cash Flow | 4.15M | -6.79M | -5.24M | -12.74M | -8.86M | -4.09M |
| Financing Cash Flow | 45.45M | 45.45M | -6.21M | -30.00M | 3.20M | -143.00K |
Douglas Elliman Inc. Technical Analysis
Positive
2.37
Price Trends
2.24
Positive
2.03
Positive
1.95
Positive
Market Momentum
0.03
Positive
42.48
Neutral
6.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DOUG, the sentiment is Positive. The current price of 2.37 is below the 20-day moving average (MA) of 2.63, above the 50-day MA of 2.24, and above the 200-day MA of 1.95, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 42.48 is Neutral, neither overbought nor oversold. The STOCH value of 6.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $22.19B | 35.06 | 6.53% | 1.94% | 34.99% | 28.80% | |
70 Outperform | $927.90M | ― | -52.95% | ― | 83.50% | 8.45% | |
61 Neutral | $339.05M | 19.63 | 2.01% | ― | -4.61% | ― | |
61 Neutral | $418.15M | ― | -6.84% | ― | 2.47% | -74.15% | |
59 Neutral | C$1.23B | 0.76 | -8.20% | 5.62% | 9.89% | -25.14% | |
57 Neutral | $210.31M | ― | -23.11% | ― | 11.24% | 38.70% | |
44 Neutral | $407.15M | ― | -47.67% | ― | 2.36% | -23.60% |
* Real Estate Sector Average
Performance Comparison
DOUG
Douglas Elliman Inc.
2.37
1.11
88.10%
HOUS
Anywhere Real Estate ate
3.74
0.43
12.99%
RMAX
Re/Max Holdings
8.51
0.39
4.80%
BEKE
KE Holdings Inc. Sponsored ADR Class A
18.54
4.02
27.69%
OPEN
Opendoor Technologies
0.56
-1.23
-68.72%
REAX
Real Brokerage
4.50
0.10
2.27%
Douglas Elliman Inc. Corporate Events
Shareholder Meetings
Douglas Elliman Inc. Holds Annual Stockholder Meeting
Neutral
Jun 26, 2025
On June 25, 2025, Douglas Elliman Inc. held its annual meeting of stockholders where several proposals were voted upon. The meeting resulted in the election of directors, the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for 2025, and an advisory vote on executive compensation, all of which were approved by the stockholders.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.