Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates, sells, and services mortgages. In addition, the company uses digital platforms to connect consumers with rental properties and for other advertising. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
Growth Strategies | Delve into Redfin's revenue diversification efforts, including its profitable rentals business and potential growth in ancillary services like Title and Mortgage |
Financial Outlook | Analysts project an EPS of -$1.28 for FY2024, with a potential positive EBITDA margin in 2025. Price targets range from $8.00 to $13.00 |
Market Headwinds | Explore how higher interest rates and potential NAR changes impact Redfin's performance, while anticipated rate cuts could provide future tailwinds |
Tech-Driven Transition | Redfin's "Redfin Next" initiative marks a shift to commission-only structure, aiming to boost profitability and market share in a competitive real estate landscape |
Metrics to compare | RDFN | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipRDFNPeersSector | |
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P/E Ratio | −6.5x | −1.8x | 8.2x | |
PEG Ratio | 0.38 | 0.01 | 0.01 | |
Price / Book | −13.0x | 1.0x | 0.9x | |
Price / LTM Sales | 1.0x | 0.2x | 3.5x | |
Upside (Analyst Target) | 45.1% | 50.3% | 20.8% | |
Fair Value Upside | Unlock | 23.9% | 3.5% | Unlock |