Opendoor Technologies Inc.

Finance
Real Estate
www.opendoor.com

Moat Score
Safety Score

Market Cap $1.53B
PE -4
Debt $377.00M
Cash $1.05B
EV $849.35M
FCF -$1.09B

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	-$370.00M
EBIT	-$317.00M
ROE	-46%
ROA	-9%
FCF	-$1.09B
Equity	$801.00M
Growth Stability	1
PE	-4.13
PB	1.91
P/FCF	-1.4
P/S	0.31
Price/Cash	0.69
Debt/Equity	0.47
Debt/FCF	-0.35
Net Margins	-7%
Gross Margins	9%
Op. Margins	-6%
Sales Growth YoY	41%
Sales Growth QoQ	-9%
Sales CAGR	16%
FCF CAGR	2%
Equity CAGR	229%
Earnings Growth YoY	-26%
Earnings Growth QoQ	-15%

Sales CAGR 5Y	16%
FCF CAGR 5Y	4%
Equity CAGR 5Y	239%
Earnings CAGR 3Y	-33%
Sales CAGR 3Y	-33%
FCF CAGR 3Y	7%
Equity CAGR 3Y	-34%
Market Cap	$1.53B
Revenue	$4.94B
Assets	$3.41B
Total Debt	$377.00M
Cash	$1.05B
Shares Outstanding	693.8M
EV	849.35M
Moat Score	6%
Safety Score	64%
Working Capital	2.54B
Current Ratio	4.53
Gross Profit	$420.00M
Shares Growth 3y	5%
Equity Growth QoQ	-5%
Equity Growth YoY	-21%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.

SEC Filings

Direct access to Opendoor Technologies Inc. (OPEN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Opendoor Technologies Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Opendoor Technologies Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

loading chart...

Opendoor Technologies Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Opendoor Technologies Inc..

Years

Calculation mode

= -$13B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.1B	-$1.1B	-$1.1B	-$1.2B	-$1.2B	-$1.2B	-$1.3B	-$1.3B	-$1.3B	-$1.3B	-$1.4B	-$14B
DCF		-$1B	-$943M	-$878M	-$817M	-$761M	-$708M	-$659M	-$613M	-$571M	-$532M	-$5.3B
Value	-$13B

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-14%	-7%	-11%	-8%	-9%	-4%	-7%
ROA	-	-471K%	-9%	-6%	-14%	-8%	-9%
ROE	-	2M%	-18%	-29%	-125%	-28%	-46%

Bad Net Margins (-6.86%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-4.05	0.73	-0.16	1.38	0.16	-0.35
Debt over Equity	-	-56.13K	0.3	0.42	0.88	0.39	0.47
Growth Stability	-	-	-	-	-	-	1

Good Debt/FCF ratio (-0.35)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.47)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	158%	-46%	211%	94%	-55%	16%
Earnings YoY growth	-	37%	-16%	131%	104%	-80%	-
Equity YoY growth	-	-100%	-7M%	40%	-52%	-11%	239%
FCF YoY growth	-	-75%	-322%	-977%	-112%	233%	4%