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RE/MAX Holdings, Inc. RMAX
Real Estate - Real Estate - Services - NYSE - US
Watchlist
$ 7.52
-4.93 %
$ 237 M
Market Cap
20.32
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one RMAX stock under the worst case scenario is HIDDEN Compared to the current market price of 7.52 USD, RE/MAX Holdings, Inc. is HIDDEN

RMAX Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one RMAX stock under the base case scenario is HIDDEN Compared to the current market price of 7.52 USD, RE/MAX Holdings, Inc. is HIDDEN

RMAX Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one RMAX stock under the best case scenario is HIDDEN Compared to the current market price of 7.52 USD, RE/MAX Holdings, Inc. is HIDDEN

RMAX Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart RMAX

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1M -22%
6M -64%
1Y 4%
3Y -218.0%
5Y -157%
All
$15.0$15.0$14.0$14.0$13.0$13.0$12.0$12.0$11.0$11.0$10.0$10.0$9.0$9.0$8.0$8.0$7.0$7.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
308 M REVENUE
-5.52%
Growth Rates
1Year -5.52%
3Years -2.28%
5Years 1.74%
7Years 6.66%
10Years 6.05%
40.2 M OPERATING INCOME
477.75%
Growth Rates
1Year 477.75%
3Years 3.42%
5Years -10.10%
7Years -12.24%
10Years -4.52%
8.08 M NET INCOME
111.70%
Growth Rates
1Year 111.70%
3Years 32.54%
5Years -29.64%
7Years -18.96%
10Years -15.59%
59.7 M OPERATING CASH FLOW
111.05%
Growth Rates
1Year 111.05%
3Years 12.02%
5Years -5.46%
7Years -0.84%
10Years -0.66%
-5.88 M INVESTING CASH FLOW
-4.13%
Growth Rates
1Year -4.13%
3Years 68.88%
5Years -46.32%
7Years 23.38%
10Years -11.14%
-8.27 M FINANCING CASH FLOW
76.90%
Growth Rates
1Year 76.90%
3Years -1.44%
5Years 24.86%
7Years 18.02%
10Years 15.13%
72.5 M REVENUE
-7.66%
Growth Rates
1Year -5.52%
3Years -2.28%
5Years 1.74%
7Years 6.66%
10Years 6.05%
4.27 M OPERATING INCOME
-71.92%
Growth Rates
1Year 477.75%
3Years 3.42%
5Years -10.10%
7Years -12.24%
10Years -4.52%
4.08 M NET INCOME
19.51%
Growth Rates
1Year 111.70%
3Years 32.54%
5Years -29.64%
7Years -18.96%
10Years -15.59%
16.8 M OPERATING CASH FLOW
-4.64%
Growth Rates
1Year 111.05%
3Years 12.02%
5Years -5.46%
7Years -0.84%
10Years -0.66%
-753 K INVESTING CASH FLOW
26.89%
Growth Rates
1Year -4.13%
3Years 68.88%
5Years -46.32%
7Years 23.38%
10Years -11.14%
-1.66 M FINANCING CASH FLOW
-35.98%
Growth Rates
1Year 76.90%
3Years -1.44%
5Years 24.86%
7Years 18.02%
10Years 15.13%
Balance Sheet RE/MAX Holdings, Inc.
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Current Assets 219 M
Cash & Short-Term Investments 96.6 M
Receivables 29.7 M
Other Current Assets 92.2 M
Non-Current Assets 363 M
Long-Term Investments 0
PP&E 25.4 M
Other Non-Current Assets 338 M
16.61 %5.11 %15.85 %4.36 %58.07 %Total Assets$581.6m
Current Liabilities 155 M
Accounts Payable 5.76 M
Short-Term Debt 21.7 M
Other Current Liabilities 127 M
Non-Current Liabilities 485 M
Long-Term Debt 22.7 M
Other Non-Current Liabilities 463 M
3.39 %19.88 %3.54 %72.29 %Total Liabilities$640.0m
EFFICIENCY
Earnings Waterfall RE/MAX Holdings, Inc.
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Revenue 308 M
Cost Of Revenue 0
Gross Profit 308 M
Operating Expenses 268 M
Operating Income 40.2 M
Other Expenses 32.1 M
Net Income 8.08 M
350m350m300m300m250m250m200m200m150m150m100m100m50m50m00308m0308m(268m)40m(32m)8mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
Averages
1Year 100.00%
3Years 82.90%
5Years 79.90%
7Years 80.59%
10Years 83.60%
13.06% OPERATING MARGIN
13.06%
Averages
1Year 13.06%
3Years 8.50%
5Years 10.16%
7Years 15.95%
10Years 24.58%
2.32% NET MARGIN
2.32%
Averages
1Year 2.32%
3Years -5.40%
5Years -3.23%
7Years 1.88%
10Years 4.20%
1.66% ROE
1.66%
Averages
1Year 1.66%
3Years -4.39%
5Years -2.83%
7Years 0.13%
10Years 1.22%
1.22% ROA
1.22%
Averages
1Year 1.22%
3Years -3.12%
5Years -1.79%
7Years 0.86%
10Years 1.87%
11.67% ROIC
11.67%
Averages
1Year 11.67%
3Years 3.61%
5Years 4.57%
7Years 7.24%
10Years 9.28%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis RE/MAX Holdings, Inc.
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80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 8.08 M
Depreciation & Amortization 29.6 M
Capital Expenditures -6.62 M
Stock-Based Compensation 18.9 M
Change in Working Capital 384 K
Others 3.16 M
Free Cash Flow 53 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets RE/MAX Holdings, Inc.
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Wall Street analysts predict an average 1-year price target for RMAX of $14.8 , with forecasts ranging from a low of $7 to a high of $34 .
RMAX Lowest Price Target Wall Street Target
7 USD -6.91%
RMAX Average Price Target Wall Street Target
14.8 USD 96.14%
RMAX Highest Price Target Wall Street Target
34 USD 352.13%
Price
Max Price Target
Min Price Target
Average Price Target
35353030252520201515101055May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.23 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.0002.0001.8001.8001.6001.6001.4001.4001.2001.2001.0001.0000.8000.8000.6000.6000.4000.4000.2000.2000.0000.0001.50.150.180.20.210.220.230.230.230.1250.150.180.20.210.220.230.230.230.1250.150.180.20.210.220.230.230.230.1251.880.150.600.180.720.20.800.210.840.220.880.230.920.230.920.69201520152016201620172017201820182019201920202020202120212022202220232023
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership RE/MAX Holdings, Inc.
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Sold
0-3 MONTHS
30.7 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
78.2 K USD 2
Bought
0 USD 0
0-3 MONTHS
1.03 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
929 K USD 1
9-12 MONTHS
7. News
MOTTO MORTGAGE AND WEMLO CEO WARD MORRISON RETIRING AFTER DISTINGUISHED 20-YEAR CAREER WITH RE/MAX HOLDINGS BRANDS DENVER , March 31, 2025 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., today announces the upcoming retirement of Motto Mortgage and wemlo President and CEO Ward Morrison, effective June 15, 2025. Morrison will support Motto Mortgage and wemlo in a consultative role through the end of 2025. prnewswire.com - 2 weeks ago
RE/MAX Honored as a Top Franchisor for 41 Years, Celebrates Other Top Industry Recognition As the #1 name in real estate1 continues to evolve, it is recognized for its longstanding excellence by major industry players. DENVER , March 27, 2025 /PRNewswire/ -- For the 41st consecutive year, RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, has been recognized by Entrepreneur in its annual Franchise 500 rankings. prnewswire.com - 3 weeks ago
Consumers Vote RE/MAX the #1 Most Trusted Real Estate Agents in U.S., Canada Once Again Homebuyers and sellers trust RE/MAX professionals most, according to a leading independent consumer survey. DENVER , March 25, 2025 /PRNewswire/ -- RE/MAX the #1 name in real estate1, is honored to announce consumers have once again voted RE/MAX® as the brand with the #1 Most Trusted Real Estate Agents in the U.S.2 and Canada 3. prnewswire.com - 3 weeks ago
RE/MAX NATIONAL HOUSING REPORT FOR FEBRUARY 2025 February Increase in Home Sales Sets Stage for Spring Market; Median Price Inches Up DENVER , March 18, 2025 /PRNewswire/ -- February 2025 home sales increased 8.4% over January – about half of the month-to-month average sales increases seen in the previous two Februarys, and down 2.6% from sales one year ago. Despite the smaller month-to-month increase, February's growth in home sales could still indicate momentum for March home sales that typically post the highest monthly sales jump – averaging 31% the last three years. prnewswire.com - 1 month ago
New Resources, Bold Initiatives, Modern Branding Take Center Stage at Annual RE/MAX R4 Convention The event in Las Vegas showcased the power of trusted, productive professionals and the modernization of the real estate industry's leading brand DENVER , Feb. 27, 2025 /PRNewswire/ -- At this year's R4® convention, RE/MAX®, the #1 name in real estate*, unveiled bold new resources to elevate its value proposition and reinforce its commitment to over 145,000 agents around the world. With a focus on helping its network of affiliates win more listings in today's competitive landscape, RE/MAX is expanding and modernizing its services, technology and strategic programs. prnewswire.com - 1 month ago
RE/MAX Holdings, Inc. (RMAX) Q4 2024 Earnings Call Transcript RE/MAX Holdings, Inc. (RMAX) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Andy Schulz - Senior Vice President, Investor Relations Erik Carlson - Chief Executive Officer Karri Callahan - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Nick McAndrew - Zelman Ronald Camden - Morgan Stanley John Campbell - Stephens Tommy McJoynt - KBW Operator Good morning, and welcome to the RE/MAX Holdings Fourth Quarter 2024 Earnings Conference Call and Webcast. My name is Christa, and I will be facilitating the audio portion of today's call. seekingalpha.com - 1 month ago
RE/MAX (RMAX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for RE/MAX (RMAX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 1 month ago
RE/MAX (RMAX) Surpasses Q4 Earnings Estimates RE/MAX (RMAX) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.30 per share a year ago. zacks.com - 1 month ago
RE/MAX HOLDINGS, INC. REPORTS FOURTH QUARTER 2024 RESULTS Total Revenue of $72.5 Million, Adjusted EBITDA of $23.3 Million DENVER , Feb. 20, 2025  /PRNewswire/ -- Fourth Quarter 2024 Highlights (Compared to fourth quarter 2023 unless otherwise noted) Total Revenue decreased 5.4% to $72.5 million Revenue excluding the Marketing Funds1 decreased 3.9% to $53.8 million, driven by negative 3.5% organic growth2 and 0.4% adverse foreign currency movements Net income attributable to RE/MAX Holdings, Inc. of $5.8 million and earnings per diluted share (GAAP EPS) of $0.29 Adjusted EBITDA3 increased 1.6% to $23.3 million, Adjusted EBITDA margin3 of 32.2% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.30 Total agent count increased 1.2% to 146,627 agents U.S. and Canada combined agent count decreased 4.8% to 76,457 agents Total open Motto Mortgage franchises decreased 8.5% to 225 offices4 Full-Year 2024 Highlights (Compared to full year 2023 unless otherwise noted) Total Revenue decreased 5.5% to $307.7 million Revenue excluding the Marketing Funds1 decreased 5.4% to $228.7 million, driven by negative 5.2% organic growth2 and adverse foreign currency movements of 0.2% Net income attributable to RE/MAX Holdings, Inc. of $7.1 million and earnings per diluted share (GAAP EPS) of $0.37 Adjusted EBITDA3 increased 1.5% to $97.7 million, Adjusted EBITDA margin3 of 31.8% and Adjusted earnings per diluted share (Adjusted EPS3) of $1.30 Operating Statistics as of January 31, 2025 (Compared to January 31, 2024, unless otherwise noted) Total agent count increased 1.5% to 145,626 agents U.S. and Canada combined agent count decreased 5.0% to 75,411 agents Total open Motto Mortgage franchises decreased 8.6% to 223 offices4 RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage ("Motto"), the first and only national mortgage brokerage franchise brand in the U.S., today announced operating results for the quarter and year ended December 31, 2024.  "Our continued focus on operational efficiencies contributed to higher-than-forecasted fourth-quarter profit and margin performance, a trend we have seen now for three quarters in a row," said Erik Carlson, RE/MAX Holdings Chief Executive Officer. prnewswire.com - 1 month ago
RE/MAX NATIONAL HOUSING REPORT FOR JANUARY 2025 New Listings and Inventory Increase While Median Sales Price Drops Month to Month DENVER , Feb. 18, 2025 /PRNewswire/ -- Across 52 metro areas, the number of new listings in January surged 53.7% over December and was nearly the same (down just 0.1%) as in January 2024. Inventory in January rose 5.0% from December and was 30.9% higher than a year ago. prnewswire.com - 2 months ago
Seeking Clues to RE/MAX (RMAX) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics Looking beyond Wall Street's top -and-bottom-line estimate forecasts for RE/MAX (RMAX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024. zacks.com - 2 months ago
Earnings Preview: RE/MAX (RMAX) Q4 Earnings Expected to Decline RE/MAX (RMAX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
8. Profile Summary

RE/MAX Holdings, Inc. RMAX

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COUNTRY US
INDUSTRY Real Estate - Services
MARKET CAP $ 237 M
Dividend Yield 0.00%
Description RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand. In addition, the company provides First mobile app, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; RE/MAX University platform, a learning hub designed to help each agent in their professional expertise; and Booj platform. The company was founded in 1973 and is headquartered in Denver, Colorado.
Contact 5075 South Syracuse Street, Denver, CO, 80237 https://www.remaxholdings.com
IPO Date Oct. 2, 2013
Employees 536
Officers Ms. Gail A. Liniger Co-Founder, Vice Chair Emerita & Director Emerita Ms. Karri R. Callahan Chief Financial Officer Mr. W. Erik Carlson Chief Executive Officer & Director Mr. David L. Liniger Co Founder & Non-Executive Chairman Mr. Ward M. Morrison President & Chief Executive Officer of Motto Mortgage and wemlo