Re/Max Holdings, Inc. - Understand $rmax stock

$RMAX Market Cap: $413 Million

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Financial Snapshot

Revenue

$311.8M

TTM

Gross Margin

Net Earnings

-$9.589M

TTM

Current Assets

$201.9M

Q3 2024

Current Liabilities

$147.7M

Q3 2024

Current Ratio

136.69%

Q3 2024

Total Assets

$578.6M

Q3 2024

Total Liabilities

$640.4M

Q3 2024

Book Value

-$61.76M

Q3 2024

Cash

$83.78M

Q3 2024

P/E

-43.07

Nov 29, 2024 EST

Free Cash Flow

$43.51M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$325.7M	$353.4M	$329.7M	$266.0M	$282.3M	$212.6M	$193.7M	$175.6M	$176.9M	$171.0M	$158.9M	$143.7M	$138.3M	$140.2M	$149.7M
YoY Change	-7.84%	7.18%	23.95%	-5.77%	32.77%	9.76%	10.32%	-0.73%	3.46%	7.63%	10.57%	3.89%	-1.35%	-6.35%	-15.57%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$325.7M	$353.4M	$329.7M	$266.0M	$282.3M	$212.6M	$193.7M	$175.6M	$176.9M	$171.0M	$158.9M	$143.7M	$138.3M	$140.2M	$149.7M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$171.5M	$173.3M	$179.9M	$129.0M	$119.2M	$120.2M	$106.9M	$88.00M	$91.60M	$91.85M	$96.24M	$84.34M	$85.29M	$81.40M	$78.90M
YoY Change	-1.0%	-3.67%	39.44%	8.19%	-0.84%	12.43%	21.53%	-3.93%	-0.27%	-4.57%	14.12%	-1.12%	4.78%	3.17%	-29.93%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$32.41M	$35.77M	$31.33M	$26.11M	$21.79M	$20.68M	$20.51M	$16.09M	$15.12M	$1.110M	$15.17M	$12.09M	$14.47M	$16.74M	$20.90M
YoY Change	-9.38%	14.16%	20.02%	19.8%	5.39%	0.81%	27.48%	6.42%	1262.16%	-92.68%	25.44%	-16.47%	-13.54%	-19.9%	-10.68%
% of Gross Profit
Operating Expenses	$336.3M	$315.2M	$339.6M	$227.4M	$213.3M	$134.8M	$95.38M	$104.1M	$106.7M	$107.1M	$111.8M	$98.13M	$99.83M	$98.10M	$99.70M
YoY Change	6.71%	-7.2%	49.35%	6.6%	58.28%	41.3%	-8.37%	-2.44%	-0.42%	-4.14%	13.91%	-1.7%	1.76%	-1.6%	-26.69%
Operating Profit	-$10.64M	$38.21M	-$9.931M	$38.59M	$68.97M	$77.85M	$98.33M			$63.84M	$47.08M	$45.55M	$38.47M
YoY Change	-127.84%	-484.77%	-125.73%	-44.04%	-11.41%	-20.83%				35.59%	3.37%	18.39%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$35.74M	$20.90M	$11.34M	$9.223M	$12.23M	$12.05M	$9.996M	-$8.500M	-$10.70M	$9.295M	$14.65M	$11.69M	$12.20M	-$20.90M	-$26.40M
YoY Change	70.99%	84.26%	23.0%	-24.58%	1.48%	20.56%	-217.6%	-20.56%	-215.12%	-36.54%	25.34%	-4.24%	-158.39%	-20.83%	-25.63%
% of Operating Profit		54.7%		23.9%	17.73%	15.48%	10.17%			14.56%	31.11%	25.66%	31.72%
Other Income/Expense, Net	-$30.90M	-$20.08M	-$12.23M	-$8.885M	-$10.67M	-$11.69M	-$9.470M			-$9.908M	-$15.98M	-$10.08M	-$12.05M
YoY Change	53.86%	64.22%	37.65%	-16.76%	-8.67%	23.41%				-38.01%	58.51%	-16.32%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$41.54M	$18.13M	-$22.16M	$29.71M	$58.30M	$66.16M	$88.86M	$62.00M	$62.80M	$53.93M	$31.10M	$35.46M	$19.36M	-$700.0K	$800.0K
YoY Change	-329.14%	-181.8%	-174.6%	-49.04%	-11.89%	-25.54%	43.33%	-1.27%	16.45%	73.42%	-12.31%	83.19%	-2865.43%	-187.5%	-101.08%
Income Tax	$56.95M	$7.371M	$2.459M	$9.162M	$10.98M	$16.34M	$57.54M	$15.20M	$12.00M	$9.948M	$2.844M	$2.138M	$2.200M	$2.000M	$2.300M
% Of Pretax Income		40.66%		30.84%	18.84%	24.7%	64.75%	24.52%	19.11%	18.45%	9.15%	6.03%	11.36%		287.5%
Net Earnings	-$69.02M	$6.110M	-$15.62M	$11.25M	$25.28M	$26.88M	$10.10M	$22.20M	$16.40M	$13.44M	$1.506M	$33.32M	$0.00	$0.00	$0.00
YoY Change	-1229.66%	-139.13%	-238.81%	-55.5%	-5.96%	166.19%	-54.51%	35.37%	22.06%	792.16%	-95.48%				-100.0%
Net Earnings / Revenue	-21.19%	1.73%	-4.74%	4.23%	8.96%	12.64%	5.21%	12.64%	9.27%	7.86%	0.95%	23.19%	0.0%	0.0%	0.0%
Basic Earnings Per Share				$0.60	$1.41	$1.52				$1.16
Diluted Earnings Per Share	-$3.81	$0.32	-$835.5K	$0.60	$1.40	$1.51	$570.6K	$1.254M	$1.281M	$1.10	$123.0K	$0.00	$0.00	$0.00	$0.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$82.62M	$108.7M	$126.3M	$101.4M	$83.00M	$60.00M	$50.80M	$57.60M	$110.2M	$107.2M	$88.40M	$68.50M	$38.60M
YoY Change	-23.96%	-13.94%	24.53%	22.17%	38.33%	18.11%	-11.81%	-47.73%	2.8%	21.27%	29.05%	77.46%
Cash & Equivalents	$82.62M	$108.7M	$126.3M	$101.4M	$83.00M	$60.00M	$50.80M	$57.60M	$110.2M	$107.2M	$88.40M	$68.50M	$38.60M
Short-Term Investments
Other Short-Term Assets	$58.81M	$49.64M	$48.14M	$33.80M	$30.20M	$5.900M	$8.000M	$4.200M	$4.400M	$5.900M	$5.700M	$3.500M	$3.000M
YoY Change	18.46%	3.12%	42.42%	11.92%	411.86%	-26.25%	90.48%	-4.55%	-25.42%	3.51%	62.86%	16.67%
Inventory
Prepaid Expenses
Receivables	$33.43M	$32.52M	$34.61M	$30.00M	$28.60M	$21.20M	$20.30M	$19.40M	$16.80M	$16.90M	$16.00M	$15.10M	$15.10M
Other Receivables	$1.706M	$2.138M	$1.754M	$1.200M	$900.0K	$500.0K	$900.0K	$0.00	$0.00	$700.0K	$0.00	$0.00	$0.00
Total Short-Term Assets	$176.6M	$193.0M	$210.8M	$166.4M	$142.8M	$87.50M	$80.00M	$81.20M	$131.4M	$130.8M	$110.1M	$87.10M	$56.70M
YoY Change	-8.5%	-8.45%	26.67%	16.53%	63.2%	9.38%	-1.48%	-38.2%	0.46%	18.8%	26.41%	53.62%
Property, Plant & Equipment	$31.65M	$35.62M	$49.21M	$46.80M	$56.60M	$4.400M	$2.900M	$2.700M	$2.400M	$2.700M	$2.600M	$3.300M	$5.200M
YoY Change	-11.15%	-27.62%	5.15%	-17.31%	1186.36%	51.72%	7.41%	12.5%	-11.11%	3.85%	-21.21%	-36.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments										$3.700M	$3.600M	$3.900M	$3.500M
YoY Change										2.78%	-7.69%	11.43%
Other Assets	$7.083M	$61.34M	$68.87M	$64.30M	$62.30M	$58.30M	$66.90M	$107.7M	$111.2M	$70.50M	$72.20M	$4.900M	$4.800M
YoY Change	-88.45%	-10.94%	7.11%	3.21%	6.86%	-12.86%	-37.88%	-3.15%	57.73%	-2.35%	1373.47%	2.08%
Total Long-Term Assets	$400.6M	$502.3M	$565.4M	$391.0M	$399.6M	$340.9M	$332.8M	$356.0M	$252.4M	$227.5M	$242.7M	$164.3M	$129.8M
YoY Change	-20.25%	-11.16%	44.59%	-2.15%	17.22%	2.43%	-6.52%	41.05%	10.95%	-6.26%	47.72%	26.58%
Total Assets	$577.2M	$695.2M	$776.1M	$557.4M	$542.4M	$428.4M	$412.8M	$437.2M	$383.8M	$358.3M	$352.8M	$251.4M	$186.5M
YoY Change
Accounts Payable	$5.522M	$7.807M	$8.799M	$5.700M	$6.600M	$5.500M	$6.800M	$14.20M	$9.000M	$5.600M	$2.700M	$2.900M	$2.800M
YoY Change	-29.27%	-11.27%	54.37%	-13.64%	20.0%	-19.12%	-52.11%	57.78%	60.71%	107.41%	-6.9%	3.57%
Accrued Expenses	$115.4M	$77.82M	$103.1M	$74.30M	$65.30M	$13.10M	$15.40M	$13.30M	$16.10M	$9.400M	$9.300M	$9.400M	$8.000M
YoY Change	48.23%	-24.52%	38.76%	13.78%	398.47%	-14.94%	15.79%	-17.39%	71.28%	1.08%	-1.06%	17.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$4.600M	$4.600M	$4.600M	$2.400M	$2.600M	$2.600M	$2.400M	$2.400M	$14.80M	$9.500M	$17.30M	$10.60M	$8.300M
YoY Change	0.0%	0.0%	91.67%	-7.69%	0.0%	8.33%	0.0%	-83.78%	55.79%	-45.09%	63.21%	27.71%
Total Short-Term Liabilities	$149.3M	$119.7M	$146.2M	$117.2M	$107.0M	$46.90M	$49.90M	$46.50M	$57.30M	$42.70M	$49.00M	$40.30M	$34.60M
YoY Change	24.78%	-18.16%	24.76%	9.53%	128.14%	-6.01%	7.31%	-18.85%	34.19%	-12.86%	21.59%	16.47%
Long-Term Debt	$440.0M	$443.7M	$447.5M	$221.1M	$223.0M	$225.2M	$226.6M	$228.5M	$185.6M	$202.2M	$211.1M	$221.7M	$187.1M
YoY Change	-0.84%	-0.84%	102.38%	-0.85%	-0.98%	-0.62%	-0.83%	23.11%	-8.21%	-4.22%	-4.78%	18.49%
Other Long-Term Liabilities	$53.12M	$87.03M	$98.69M	$105.8M	$113.7M	$80.90M	$87.00M	$101.3M	$101.4M	$74.00M	$77.00M	$7.400M	$7.800M
YoY Change	-38.97%	-11.81%	-6.72%	-6.95%	40.54%	-7.01%	-14.12%	-0.1%	37.03%	-3.9%	940.54%	-5.13%
Total Long-Term Liabilities	$493.1M	$530.8M	$546.1M	$326.9M	$336.7M	$306.1M	$313.6M	$329.8M	$287.0M	$276.2M	$288.1M	$229.1M	$194.9M
YoY Change	-7.09%	-2.82%	67.07%	-2.91%	10.0%	-2.39%	-4.91%	14.91%	3.91%	-4.13%	25.75%	17.55%
Total Liabilities	$166.1M	$214.1M	$267.9M	$40.20M	$44.50M	-$52.60M	-$47.20M	-$27.50M	-$65.90M	$103.5M	$110.9M	$269.8M	$229.5M
YoY Change	-22.41%	-20.08%	566.32%	-9.66%	-184.6%	11.44%	71.64%	-58.27%	-163.67%	-6.67%	-58.9%	17.56%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding										11.61M
Diluted Shares Outstanding										12.24M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $413.01 Million

About RE/MAX Holdings, Inc.

RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. The company is headquartered in Denver, Colorado and currently employs 544 full-time employees. The company went IPO on 2013-10-02. The firm is engaged in franchising real estate brokerages globally under the RE/MAX brand, and mortgage brokerages within the United States under the Motto Mortgage (Motto) brand. The firm operates through three segments: Real Estate, Mortgage and Marketing Funds. The Real Estate segment comprises the operations of the Company’s owned and independent global franchising operations under the RE/MAX brand, along with corporate-wide shared services expenses. The Mortgage segment comprises the operations of the Company’s mortgage brokerage franchising operations under the Motto brand and mortgage loan processing services under the wemlo brand. The Marketing Funds segment comprises the operations of the Company’s marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology. The firm operates in more than 110 countries and territories.

Industry: Real Estate Agents & Managers (For Others) Peers: Doma Holdings, Inc. CBRE GROUP, INC. Compass, Inc. EXP World Holdings, Inc. Anywhere Real Estate Inc. Douglas Elliman Inc. Marcus & Millichap, Inc. NEWMARK GROUP, INC. Offerpad Solutions Inc. Redfin Corp