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Anywhere Real Estate ate (HOUS)
NYSE:HOUS
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Anywhere Real Estate ate
(NYSE:HOUS)
Rating:53Neutral
Price Target:
$3.50
▲( 8.70% Upside)
Anywhere Real Estate ate (HOUS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$360.01M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth2.47%
EPS Growth-74.15%
CountryUS
Employees7,805
SectorReal Estate
Sector Strength62
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.70
Shares Outstanding111,805,380
10 Day Avg. Volume785,680
30 Day Avg. Volume1,046,861
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.28
Price to Sales (P/S)0.00
P/FCF Ratio10.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.75Price Target Upside16.46% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
Anywhere Real Estate ate Business Overview & Revenue Model
Company DescriptionAnywhere Real Estate Inc. (HOUS) is a leading provider of residential real estate services, offering comprehensive solutions that span the entire home buying and selling process. The company operates through a diverse portfolio of well-known brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA, and Sotheby's International Realty. Anywhere Real Estate provides brokerage, relocation, and title services, catering to both individual consumers and real estate professionals through its extensive network of franchised and company-owned offices.
How the Company Makes MoneyAnywhere Real Estate generates revenue through multiple streams primarily centered around real estate brokerage commissions, franchise fees, and related services. The company earns a significant portion of its income by taking a percentage of the commission on real estate transactions facilitated by its agents. Additionally, it collects franchise fees from its network of franchised brokerages that operate under its various brand names. Anywhere Real Estate also offers relocation services and earns revenue from ancillary services such as title and settlement services. Strategic partnerships with real estate technology providers and financial institutions further enhance its revenue by offering integrated solutions and value-added services to clients.
Anywhere Real Estate ate Financial Statement Overview
Summary
Anywhere Real Estate shows operational improvements with stable revenues and improved gross margins. However, the company struggles with sustained net losses and high leverage, impacting financial stability and growth prospects. Strengthened cash flow management is a positive, but profitability remains a critical area for improvement.Income Statement
The company's income statement shows moderate performance with stable revenue levels. Gross profit margin improved to 50.78% TTM, benefiting from cost efficiencies. However, the net profit margin remains negative at -1.82% TTM, indicating ongoing profitability challenges. Revenue growth rate over the past year is 1.37%, highlighting slow growth. EBIT margin has improved to 20.41% TTM, but EBITDA margin decreased to 4.37% TTM, suggesting pressure on earnings before interest, taxes, depreciation, and amortization.55
Neutral
Balance Sheet
The balance sheet presents a mixed picture. The debt-to-equity ratio is 2.11, indicating a high leverage position that could pose risks. Return on equity is negative at -7.03%, reflecting losses impacting shareholder value. The equity ratio of 26.72% suggests a moderate equity base relative to total assets. The company's high debt levels may constrain future growth and financial flexibility.60
Neutral
Cash Flow
Cash flow analysis reveals some positive aspects with an operating cash flow to net income ratio of -1.15 TTM, indicating cash flow generation despite accounting losses. Free cash flow grew by 57.69% from the previous year, demonstrating improved cash management. However, the free cash flow to net income ratio remains negative at -0.39 TTM, reflecting ongoing profitability issues.58
Neutral
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 5.77B | 5.69B | 5.64B | 6.91B | 7.98B | 6.22B | Gross Profit |
| 2.93B | 1.97B | 1.97B | 2.49B | 3.23B | 2.69B | EBIT |
| 1.18B | 64.00M | 188.00M | 401.00M | 667.00M | 412.00M | EBITDA |
| 252.00M | 262.00M | 188.00M | 476.00M | 871.00M | 594.00M | Net Income Common Stockholders |
| -105.00M | -128.00M | -97.00M | -255.00M | 343.00M | -487.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 110.00M | 118.00M | 106.00M | 214.00M | 735.00M | 520.00M | Total Assets |
| 5.59B | 5.64B | 5.84B | 6.38B | 7.21B | 6.93B | Total Debt |
| 3.16B | 3.06B | 3.11B | 3.50B | 3.61B | 3.87B | Net Debt |
| 3.05B | 2.94B | 3.01B | 3.29B | 2.88B | 3.35B | Total Liabilities |
| 4.09B | 4.07B | 4.16B | 4.62B | 5.02B | 5.17B | Stockholders Equity |
| 1.49B | 1.57B | 1.68B | 1.76B | 2.19B | 1.76B |
| Cash Flow | Free Cash Flow | ||||
| 41.00M | 26.00M | 115.00M | -201.00M | 542.00M | 653.00M | Operating Cash Flow |
| 121.00M | 104.00M | 187.00M | -92.00M | 643.00M | 748.00M | Investing Cash Flow |
| -74.00M | -77.00M | -59.00M | -55.00M | -147.00M | -90.00M | Financing Cash Flow |
| -46.00M | -21.00M | -227.00M | -376.00M | -275.00M | -402.00M |
Anywhere Real Estate ate Technical Analysis
Negative
3.22
Price Trends
3.43
Negative
3.47
Negative
4.02
Negative
Market Momentum
0.02
Positive
44.76
Neutral
14.99
Positive
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 3.22 is below the 20-day moving average (MA) of 3.59, below the 50-day MA of 3.43, and below the 200-day MA of 4.02, indicating a bearish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.76 is Neutral, neither overbought nor oversold. The STOCH value of 14.99 is Positive, 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 58 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 2 New Risks
1.
Consolidation among our top 250 franchisees puts pressure on our ability to renew or negotiate franchise agreements with favorable terms, which has had, and may continue to have, an adverse impact on our royalty revenue. Q4, 2024
2.
We are negatively impacted by adverse developments or the absence of sustained improvement in macroeconomic conditions (such as business, economic or political conditions) on a global, domestic or local basis. Q4, 2024
Anywhere Real Estate ate Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $847.48M | ― | -52.95% | ― | 83.50% | 8.45% | |
67 Neutral | $1.20B | ― | -6.44% | 2.65% | 6.69% | -137.52% | |
64 Neutral | $189.90M | ― | -23.11% | ― | 11.24% | 38.70% | |
61 Neutral | $282.48M | 16.36 | 2.01% | ― | -4.61% | ― | |
60 Neutral | $2.75B | 10.29 | 0.33% | 8508.22% | 5.95% | -17.48% | |
53 Neutral | $360.01M | ― | -6.84% | ― | 2.47% | -74.15% | |
45 Neutral | $539.75M | ― | -47.67% | ― | 2.36% | -23.60% |
* Real Estate Sector Average
Performance Comparison
HOUS
Anywhere Real Estate ate
3.22
-1.27
-28.29%
RMAX
Re/Max Holdings
7.19
-1.03
-12.53%
EXPI
eXp World Holdings
7.63
-3.39
-30.76%
OPEN
Opendoor Technologies
0.68
-1.45
-68.08%
REAX
Real Brokerage
4.13
-0.73
-15.02%
DOUG
Douglas Elliman Inc.
2.90
1.70
141.67%
Anywhere Real Estate ate Earnings Call Summary
Earnings Call Date:Apr 29, 2025
(Q1-2025)
| % Change Since: 3.54%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue and earnings growth, driven by a robust performance in the luxury segment and significant cost savings initiatives. The company also made strides in technology and agent recruitment. However, challenges remain with negative free cash flow and underperformance in the integrated services segment, along with flat volumes in April due to market volatility.Q1-2025 Updates
Positive Updates
Strong Revenue and Earnings Growth
Revenue for Q1 2025 was $1.2 billion, up 7% versus the prior year, and operating EBITDA increased by $12 million or 92% compared to the prior year, driven by higher transaction volume and cost savings.
Luxury Segment Leadership
Luxury volume was up 16% year-over-year, with luxury listings increasing 12% year-over-year. The company sold 345 homes priced over $10 million, nearly doubling Q1 2024 results.
Cost Savings Initiatives
Delivered $14 million in cost savings in Q1 and targeting $100 million in savings for 2025, with 85% of savings already identified.
Agent and Franchisee Growth
The company recruited 650 producing agents, achieving 30% year-over-year growth. Welcomed 11 new U.S. franchisees and added new international franchisees.
Technological Advancements
Accelerated AI agenda, using generative AI to improve operations, enhance customer experience, and reduce costs.
Negative Updates
Free Cash Flow Challenges
Q1 free cash flow was negative $130 million, although this was a $15 million improvement year-over-year.
Volatility in April Performance
April volumes were relatively flat due to market and macroeconomic volatility, contrasting the growth seen in Q1.
Integrated Services Segment Underperformance
Anywhere Integrated Services Q1 2025 operating EBITDA was negative $18 million, down $3 million from Q1 2024.
Company Guidance
During the Anywhere Real Estate first quarter 2025 earnings call, several key metrics and strategic initiatives were highlighted. The company reported $1.2 billion in revenue and an effectively break-even operating EBITDA for the quarter. This performance was driven by a 6% volume increase, largely organic, which outpaced the National Association of Realtors' reported 3% volume growth. The luxury segment was a significant contributor, with a 16% year-over-year increase in luxury volume and a 12% increase in luxury listings. Anywhere Real Estate also achieved $14 million in cost savings in Q1, with a target of $100 million for the full year 2025. The company expanded its franchise network, adding 11 new U.S. franchisees and several international ones. The Anywhere Advisors segment improved operating EBITDA by $12 million, while Anywhere Integrated Services reported a $3 million decline due to higher expenses and strategic investments. Looking forward, Anywhere Real Estate anticipates full-year operating EBITDA of approximately $350 million, with free cash flow expected to remain strong despite significant market volatility.Anywhere Real Estate ate Corporate Events
Executive/Board ChangesShareholder Meetings
Anywhere Real Estate Approves 2025 Governance Changes
Neutral
May 7, 2025
On March 10, 2025, Anywhere Real Estate held its Annual Meeting where key decisions were made regarding company governance and executive compensation. Thirteen directors were elected for a one-year term, and the compensation of named executive officers was approved to be voted on annually. Additionally, the Third Amended and Restated 2018 Long-Term Incentive Plan was approved, while a proposal to eliminate the supermajority vote requirement for director removal did not pass. The appointment of PricewaterhouseCoopers LLP as the independent registered accounting firm for 2025 was ratified.
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.