Comparing Redfin, Zillow and OpenDoor
[redfin open imt ibuy opendoor zillow z finance real-estate broker rdfn This post compares three stocks in estate: Redfin, Zillow and OpenDoor. I try to use the their 2020’s earning report for my analysis.
Disclaimer: I have stock holdings in Redfin.
| Item | Redfin | Zillow | OpenDoor |
|---|---|---|---|
| Website | redfin.com | zillow.com | opendoor.com |
| Founded | 2006 (IPO in 2017) | 2006 (IPO in 2011) | 2014 (SPAC in 2020) |
| Head Quarter | Seattle | Seattle | San Francisco |
| # Employees | 4100 | 5500 | 900 |
| Business Mode | Broker, iBuyer, lender, title insurer, rent management | iBuyer, lender, rent management | iBuyer, lender |
| MAU | 44M (+44% YoY) | 201M (+16% YoY) | N.A. |
| # Properties | N.A. | 135M | |
| IMT | 95 markets | N.A. | N.A. |
| iBuyer | 18 markets | N.A. | 31 markets |
| Rent | Just starts in Seattle, Atlantic | N.A. | N.A. |
| Lender | 56 markets | N.A. | N.A |
| Tick | RDFN | Z | Open |
| Market Cap | 6.8B | 32.5B | 10.6B |
| Stock Price | 66.03 | 134.61 | 18.39 |
| Stock Price 52 Wk Range | 16.55~98.44 | 34.66~208.11 | 10.55~39.24 |
| EPS | -0.23 (begin to profit in Q4) | -0.72 (begin to profit in Q4) | -2.6862 |
| Revenue | 886M (+14% YoY) | 3.33B (+22% YoY) | 2.58B (-46% YoY) |
| Free Cash Flow | 46M | 315M | 664M |
| Gross Profit Margin | 26.2% | 42% | 15.4% |
Written on April 18, 2021