RMAX - RE/MAX Holdings, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$16.67
DETAILS
HIGH:
$34.00
LOW:
$7.00
MEDIAN:
$9.00
CONSENSUS:
$16.67
UPSIDE:
77.72%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 291.6 | 307.7 | 325.7 | 353.4 | 329.7 | 266.0 | 282.3 | 212.6 | 195.9 | 176.3 | 176.9 | 171.0 | 158.9 | 143.7 | 138.3 | 140.2 |
| Cost of Revenue | 123.5 | 79.0 | 83.9 | 90.3 | 82.4 | 64.4 | 72.3 | 20.7 | 20.5 | 16.1 | 15.1 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 168.1 | 228.7 | 241.8 | 263.1 | 247.3 | 201.6 | 210.0 | 191.9 | 175.4 | 160.2 | 161.7 | 171.0 | 158.9 | 143.7 | 138.3 | 140.2 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 146.7 | 152.3 | 171.5 | 174.0 | 179.5 | 129.0 | 119.2 | 120.2 | 107.3 | 87.6 | 91.0 | 91.8 | 96.2 | 84.3 | 85.3 | 81.4 |
| Other Expenses | (24.1) | 36.3 | 80.9 | 50.9 | 77.8 | 34.0 | 21.8 | 6.1 | 32.7 | 16.1 | 15.1 | 15.3 | 15.2 | 96.4 | 99.8 | 98.1 |
| Operating Expenses | 122.6 | 188.5 | 252.4 | 224.9 | 257.2 | 163.0 | 141.0 | 140.9 | 127.8 | 103.7 | 106.1 | 107.2 | 111.4 | 96.4 | 99.8 | 98.1 |
| Operating Income | ||||||||||||||||
| Operating Income | 45.5 | 40.2 | (10.6) | 38.2 | (9.9) | 38.6 | 69.0 | 77.9 | 100.2 | 72.4 | 74.2 | 63.8 | 47.1 | 45.5 | 38.5 | 38.4 |
| Interest Expense | 31.7 | 36.3 | 35.7 | 20.9 | 11.3 | 9.2 | 12.2 | 12.1 | 10.0 | 8.6 | 10.4 | 9.3 | 14.6 | 11.7 | 12.2 | 22.3 |
| Interest Income | 3.6 | 3.7 | 4.4 | 1.5 | 0.2 | 0.3 | 1.4 | 0.7 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 |
| Profitability | ||||||||||||||||
| EBITDA | 77.2 | 72.0 | 26.6 | 74.8 | 20.5 | 65.0 | 92.3 | 98.9 | 95.4 | 89.6 | 89.5 | 84.3 | 63.1 | 63.8 | 53.0 | 58.9 |
| EBIT | 51.3 | 42.5 | (5.8) | 39.0 | (10.8) | 38.9 | 70.5 | 71.8 | 98.9 | 70.6 | 73.2 | 63.2 | 45.7 | 47.1 | 38.6 | 21.6 |
| Income Before Tax | 19.6 | 6.2 | (41.5) | 18.1 | (22.2) | 29.7 | 58.3 | 66.2 | 90.8 | 63.1 | 63.4 | 53.9 | 31.1 | 35.5 | 26.4 | (0.7) |
| Income Tax Expense | 6.2 | (1.9) | 56.9 | 7.4 | 2.5 | 9.2 | 11.0 | 15.8 | 55.6 | 15.3 | 12.0 | 9.9 | 2.8 | 2.1 | 2.2 | 2.0 |
| Net Income | 8.2 | 7.1 | (69.0) | 6.1 | (15.6) | 11.2 | 25.3 | 27.0 | 12.8 | 22.7 | 16.7 | 13.4 | 1.5 | 33.3 | 24.2 | 7.3 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 0.41 | 0.38 | -3.81 | 0.33 | -0.84 | 0.62 | 2.63 | 1.52 | 0.72 | 1.29 | 1.31 | 1.16 | 0.13 | 1.78 | 0.83 | -0.55 |
| EPS (Diluted) | 0.40 | 0.37 | -3.81 | 0.32 | -0.84 | 0.61 | 2.62 | 1.52 | 0.72 | 1.29 | 1.30 | 1.10 | 0.13 | 1.78 | 0.83 | -0.55 |
| Shares Outstanding | 19.8 | 18.8 | 18.1 | 18.7 | 18.7 | 18.2 | 17.8 | 17.7 | 17.7 | 17.6 | 12.7 | 11.6 | 11.6 | 29.3 | 29.3 | 29.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 118.7 | 96.6 | 82.6 | 108.7 | 126.3 | 101.4 | 83.0 | 60.0 | 50.8 | 57.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 26.9 | 35.4 | 35.1 | 32.5 | 34.6 | 30.0 | 28.6 | 21.2 | 20.3 | 19.4 |
| Inventory | 0 | 0 | 0 | 29.5 | 32.1 | 19.9 | 20.6 | 0 | 0 | 0 |
| Other Current Assets | 94.5 | 86.5 | 58.8 | 22.3 | 17.8 | 15.2 | 10.5 | 6.4 | 8.9 | 4.2 |
| Total Current Assets | 240.1 | 218.5 | 176.6 | 193.0 | 210.8 | 166.4 | 142.8 | 87.5 | 79.9 | 81.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 18.6 | 25.4 | 31.6 | 35.6 | 49.2 | 46.8 | 56.6 | 4.4 | 2.9 | 2.7 |
| Goodwill | 239.6 | 237.2 | 241.2 | 258.6 | 269.1 | 175.8 | 159.0 | 150.7 | 135.2 | 126.6 |
| Intangible Assets | 10.8 | 13.4 | 120.7 | 145.9 | 176.4 | 102.2 | 120.0 | 126.1 | 127.8 | 119.0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 1.8 | 2.0 | 1.7 | 0 | 0 | 0 |
| Other Non-Current Assets | 73.4 | 87.1 | 7.1 | 10.7 | 17.6 | 15.4 | 9.7 | 4.4 | 1.6 | 1.9 |
| Total Non-Current Assets | 342.3 | 363.1 | 400.6 | 501 | 565.4 | 391.0 | 399.6 | 339.3 | 326.7 | 355.9 |
| Total Assets | 582.5 | 581.6 | 577.1 | 694.0 | 776.1 | 557.4 | 542.4 | 426.8 | 406.6 | 437.2 |
| Current Liabilities | ||||||||||
| Account Payables | 4.0 | 5.8 | 4.7 | 6.2 | 5.2 | 2.1 | 3.0 | 1.9 | 0.5 | 1 |
| Short-Term Debt | 4.6 | 4.6 | 4.6 | 4.6 | 4.6 | 2.4 | 7.8 | 2.6 | 2.4 | 2.4 |
| Deferred Revenue | 21.4 | 22.8 | 23.1 | 27.8 | 27.2 | 25.3 | 25.7 | 25.5 | 18.9 | 16.3 |
| Other Current Liabilities | 58.4 | 0 | 0 | 0 | 0 | 0 | (5.1) | 0 | 8.0 | 0 |
| Total Current Liabilities | 141.8 | 154.7 | 149.3 | 119.7 | 146.2 | 117.2 | 107.0 | 46.9 | 43.6 | 46.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 432.2 | 436.2 | 440.0 | 443.7 | 447.5 | 221.1 | 223.0 | 225.2 | 226.6 | 228.5 |
| Deferred Tax Liabilities | 8.2 | 8.4 | 10.8 | 13.1 | 14.7 | 0.5 | 0.3 | 0.4 | 0.2 | 0.1 |
| Other Non-Current Liabilities | 3.0 | 3.1 | 4.0 | 30.8 | 33.8 | 35.7 | 38.9 | 54.9 | 19.9 | 101.3 |
| Total Non-Current Liabilities | 469.7 | 485.3 | 503.9 | 543.9 | 560.8 | 327.5 | 337.0 | 300.6 | 293.6 | 329.9 |
| Total Liabilities | 611.5 | 640.0 | 653.2 | 663.5 | 707.1 | 444.7 | 444.0 | 347.6 | 337.2 | 376.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (126.1) | (133.7) | (140.2) | (55.3) | (7.8) | 25.6 | 30.5 | 21.1 | 16.8 | 16.8 |
| Accumulated Other Comprehensive Income | 0.1 | (1.9) | 0.6 | (0.4) | 0.7 | 0.6 | 0.4 | 0.3 | 0.5 | (0.0) |
| Total Stockholders' Equity | 452.4 | 429.5 | 411.1 | 479.9 | 508.3 | 517.2 | 497.9 | 481.6 | 466.8 | 463.8 |
| Total Liabilities & Equity | 582.5 | 581.6 | 577.1 | 694.0 | 776.1 | 557.4 | 542.4 | 426.8 | 406.6 | 437.2 |
| Debt Metrics | ||||||||||
| Total Debt | 459.5 | 472.1 | 484.0 | 493.4 | 504.3 | 279.5 | 291.8 | 227.8 | 229.0 | 230.8 |
| Net Debt | 340.7 | 375.4 | 401.4 | 384.7 | 378.1 | 178.2 | 208.8 | 167.8 | 178.2 | 173.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 13.4 | 8.1 | (69.0) | 9.5 | (24.6) | 20.0 | 46.9 | 50.4 | 35.2 | 47.8 |
| Depreciation & Amortization | 25.8 | 29.6 | 32.4 | 35.8 | 31.3 | 26.7 | 22.3 | 20.7 | 20.5 | 16.1 |
| Stock-Based Compensation | 16.6 | 18.9 | 19.0 | 22.0 | 34.3 | 16.3 | 10.9 | 9.2 | 2.9 | 2.3 |
| Change in Working Capital | (15.3) | 0.4 | (27.4) | (13.7) | 3.5 | (2.6) | (6.3) | (3.2) | (2.4) | (6.6) |
| Other Non-Cash Items | 0.8 | 2.8 | 23.8 | 16.5 | 0.5 | 8.6 | 2.9 | (10.5) | (39.4) | 1.3 |
| Operating Cash Flow | 40.9 | 59.7 | 28.3 | 71.1 | 42.4 | 70.8 | 79.0 | 76.1 | 63.3 | 64.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (7.4) | (6.6) | (6.4) | (9.9) | (15.2) | (6.9) | (13.2) | (7.8) | (2.2) | (4.5) |
| Acquisitions | 0 | 0 | 0 | 0 | (180.0) | (10.6) | (14.9) | (25.9) | (35.7) | (112.7) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | (28.5) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 28.5 | 0 | 0 | 0.2 |
| Other Investing Activities | (0.4) | (5.9) | 0.8 | (1.6) | 0.3 | 0 | 27.3 | 0 | (37.9) | (0.1) |
| Investing Cash Flow | (7.8) | (5.9) | (5.6) | (11.5) | (194.9) | (17.5) | (0.9) | (33.7) | (37.9) | (117.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (4.6) | (4.6) | (4.6) | (4.6) | 231.5 | (2.6) | (2.6) | (3.2) | (2.4) | 30.5 |
| Stock Repurchased | 0 | (3.1) | (3.4) | (34.1) | (5.3) | (2.5) | (1.1) | (0.9) | (0.8) | (0.5) |
| Dividends Paid | (0.5) | (0.6) | (13.6) | (18.2) | (17.8) | (16.4) | (15.1) | (14.3) | (12.8) | (10.6) |
| Other Financing Activities | (5.7) | 0.0 | (14.3) | (21.5) | (18.9) | (14.5) | (16.8) | (15.7) | (18.1) | (19.2) |
| Financing Cash Flow | (10.8) | (8.3) | (35.8) | (78.4) | 189.4 | (36.0) | (34.5) | (33.2) | (33.2) | 0.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 23.8 | 43.5 | (12.4) | (20.3) | 37.2 | 17.6 | 43.6 | 9.2 | (6.8) | (52.6) |
| Cash at Beginning | 169.3 | 125.8 | 138.1 | 158.4 | 121.2 | 103.6 | 60.0 | 50.8 | 57.6 | 110.2 |
| Cash at End | 193.1 | 169.3 | 125.8 | 138.1 | 158.4 | 121.2 | 103.6 | 60.0 | 50.8 | 57.6 |
| Free Cash Flow | 33.5 | 53.0 | 21.8 | 61.2 | 27.2 | 63.9 | 65.7 | 68.3 | 61.1 | 59.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 291.6 | 307.7 | 325.7 | 353.4 | 329.7 | 266.0 | 282.3 | 212.6 | 195.9 | 176.3 | 176.9 | 171.0 | 158.9 | 143.7 | 138.3 | 140.2 |
| Gross Profit | 168.1 | 228.7 | 241.8 | 263.1 | 247.3 | 201.6 | 210.0 | 191.9 | 175.4 | 160.2 | 161.7 | 171.0 | 158.9 | 143.7 | 138.3 | 140.2 |
| Operating Income | 45.5 | 40.2 | (10.6) | 38.2 | (9.9) | 38.6 | 69.0 | 77.9 | 100.2 | 72.4 | 74.2 | 63.8 | 47.1 | 45.5 | 38.5 | 38.4 |
| Net Income | 8.2 | 7.1 | (69.0) | 6.1 | (15.6) | 11.2 | 25.3 | 27.0 | 12.8 | 22.7 | 16.7 | 13.4 | 1.5 | 33.3 | 24.2 | 7.3 |
| EPS (Diluted) | 0.40 | 0.37 | -3.81 | 0.32 | -0.84 | 0.61 | 2.62 | 1.52 | 0.72 | 1.29 | 1.30 | 1.10 | 0.13 | 1.78 | 0.83 | -0.55 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 118.7 | 96.6 | 82.6 | 108.7 | 126.3 | 101.4 | 83.0 | 60.0 | 50.8 | 57.6 | ||||||
| Total Assets | 582.5 | 581.6 | 577.1 | 694.0 | 776.1 | 557.4 | 542.4 | 426.8 | 406.6 | 437.2 | ||||||
| Total Debt | 459.5 | 472.1 | 484.0 | 493.4 | 504.3 | 279.5 | 291.8 | 227.8 | 229.0 | 230.8 | ||||||
| Stockholders' Equity | 452.4 | 429.5 | 411.1 | 479.9 | 508.3 | 517.2 | 497.9 | 481.6 | 466.8 | 463.8 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 40.9 | 59.7 | 28.3 | 71.1 | 42.4 | 70.8 | 79.0 | 76.1 | 63.3 | 64.4 | ||||||
| Capital Expenditure | (7.4) | (6.6) | (6.4) | (9.9) | (15.2) | (6.9) | (13.2) | (7.8) | (2.2) | (4.5) | ||||||
| Free Cash Flow | 33.5 | 53.0 | 21.8 | 61.2 | 27.2 | 63.9 | 65.7 | 68.3 | 61.1 | 59.9 | ||||||