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Anywhere Real Estate Inc.
HOUS
Real Estate Agents & Managers (For Others)
Mkt Cap
$476MPE
-7.80Debt
$3.355BCash
$115MEV
$3.716BFCF
$106MP/E Ratio
-7.80Debt
$3.355BCash
$115MEV
$3.716BFCF
$106MCharts data: {"Earnings":[{"time":"2014-12-30","value":143000000},{"time":"2015-12-30","value":184000000},{"time":"2016-12-30","value":213000000},{"time":"2017-12-30","value":431000000},{"time":"2018-12-30","value":137000000},{"time":"2019-12-30","value":-188000000},{"time":"2020-12-30","value":-360000000},{"time":"2021-12-30","value":343000000},{"time":"2022-12-30","value":-287000000},{"time":"2023-12-30","value":-98000000}],"Sales":[{"time":"2014-12-30","value":5328000000},{"time":"2015-12-30","value":5706000000},{"time":"2016-12-30","value":5810000000},{"time":"2017-12-30","value":6114000000},{"time":"2018-12-30","value":6079000000},{"time":"2019-12-30","value":5598000000},{"time":"2020-12-30","value":6221000000},{"time":"2021-12-30","value":7983000000},{"time":"2022-12-30","value":6908000000},{"time":"2023-12-30","value":5636000000}],"Net Margins":[{"time":"2014-12-30","value":0.026839339339339338},{"time":"2015-12-30","value":0.03224675779880827},{"time":"2016-12-30","value":0.03666092943201377},{"time":"2017-12-30","value":0.07049394831534184},{"time":"2018-12-30","value":0.022536601414706366},{"time":"2019-12-30","value":-0.03358342265094676},{"time":"2020-12-30","value":-0.05786850988587044},{"time":"2021-12-30","value":0.042966303394713766},{"time":"2022-12-30","value":-0.041546033584250144},{"time":"2023-12-30","value":-0.01738821859474805}],"Assets":[{"time":"2014-12-30","value":7538000000},{"time":"2015-12-30","value":7531000000},{"time":"2016-12-30","value":7421000000},{"time":"2017-12-30","value":7337000000},{"time":"2018-12-30","value":7290000000},{"time":"2019-12-30","value":7543000000},{"time":"2020-12-30","value":6934000000},{"time":"2021-12-30","value":7210000000},{"time":"2022-12-30","value":6383000000},{"time":"2023-12-30","value":5839000000}],"Stockholders Equity":[{"time":"2014-12-30","value":2183000000},{"time":"2015-12-30","value":2422000000},{"time":"2016-12-30","value":2469000000},{"time":"2017-12-30","value":2622000000},{"time":"2018-12-30","value":2315000000},{"time":"2019-12-30","value":2096000000},{"time":"2020-12-30","value":1767000000},{"time":"2021-12-30","value":2192000000},{"time":"2022-12-30","value":1767000000},{"time":"2023-12-30","value":1681000000}],"ROE":[{"time":"2014-12-30","value":0.06550618415025194},{"time":"2015-12-30","value":0.07597027250206441},{"time":"2016-12-30","value":0.08626974483596597},{"time":"2017-12-30","value":0.16437833714721586},{"time":"2018-12-30","value":0.0591792656587473},{"time":"2019-12-30","value":-0.08969465648854962},{"time":"2020-12-30","value":-0.2037351443123939},{"time":"2021-12-30","value":0.15647810218978103},{"time":"2022-12-30","value":-0.1624221844934918},{"time":"2023-12-30","value":-0.05829863176680547}],"ROA":[{"time":"2014-12-30","value":0.06526930220217564},{"time":"2015-12-30","value":0.06811844376576816},{"time":"2016-12-30","value":0.07047567713246193},{"time":"2017-12-30","value":0.06937440370723728},{"time":"2018-12-30","value":0.05473251028806585},{"time":"2019-12-30","value":0.012064165451411904},{"time":"2020-12-30","value":-0.0497548312662244},{"time":"2021-12-30","value":0.08668515950069348},{"time":"2022-12-30","value":-0.03289989033369889},{"time":"2023-12-30","value":0.004966603870525775}]}
Anywhere Real Estate Inc., through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names. This segment also includes lead generation activities and global relocation services operation. The Anywhere Advisors segment operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran, and Sotheby's International Realty brand names to assist home buyers and sellers in the listing, marketing, selling, and finding homes. This segment also operates real estate auction marketplace. The Anywhere Integrated Services segment provides full-service title, escrow, and settlement services to consumers, real estate companies, corporations, and financial institutions primarily in support of residential real estate transactions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. In addition, it originates and markets its mortgage lending services to other real estate brokerage companies. The company was formerly known as Realogy Holdings Corp. and changed its name to Anywhere Real Estate Inc. in June 2022. Anywhere Real Estate Inc. was incorporated in 2006 and is headquartered in Madison, New Jersey.
DCF
Discounted Cash Flow Valuation of Anywhere Real Estate Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $106M | $85.94M | $69.67M | $56.49M | $45.79M | $37.13M | $30.1M | $24.4M | $19.78M | $16.04M | $13M | $130M |
| DCF | $74.73M | $52.68M | $37.14M | $26.18M | $18.46M | $13.01M | $9.174M | $6.468M | $4.56M | $3.214M | $32.14M | |
| Value | $277.8M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 3.7%
Earnings Stability -37%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.2% | 3.7% | 7% | 2.3% | -3.4% | -5.8% | 4.3% | -4.2% | -1.7% | -1.1% |
| ROA | 6.8% | 7% | 6.9% | 5.5% | 1.2% | -5% | 8.7% | -3.3% | 0.5% | 1.4% |
| ROE | 7.6% | 8.6% | 16% | 5.9% | -9% | -20% | 16% | -16% | -5.8% | -3.9% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -1.41%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.35%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +1.26%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.71%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -4.97%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -1.27%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 8.05 | 8.01 | 6.53 | 15.44 | 14.09 | 5.06 | 5.63 | -16.12 | 24.99 | 31.65 |
| Debt Equity | 1.53 | 1.62 | 1.41 | 1.97 | 1.77 | 1.87 | 1.39 | 1.83 | 1.71 | 2.12 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 50% | -72% | -280% | - | - | - | -280% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 31.65.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -1.21.
What is the Graham’s Stability?
Graham’s Stability measure stands at -2.84.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | -0.43% | -1.5% | -3.2% | -18% | -1.5% |
| Net Income | - | - | - | - | -20% |
| Stockholders Equity | -5.3% | -6.2% | -1.6% | -4.9% | -1.6% |
| FCF | -19% | -17% | -44% | - | 4% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is -1.5%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -1.5%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -20.41%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -6.2%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -1.59%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -17.17%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +3.99%.