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OPENDOOR TECHNOLOGIES INC (OPEN) Stock Fundamental Analysis

NASDAQ:OPEN - Nasdaq - US6837121036 - Common Stock - Currency: USD

2.54  +0.12 (+4.96%)

After market: 2.49 -0.05 (-1.97%)

Fundamental Rating

2

Overall OPEN gets a fundamental rating of 2 out of 10. We evaluated OPEN against 64 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of OPEN have multiple concerns. While showing a medium growth rate, OPEN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year OPEN has reported negative net income.
OPEN had a negative operating cash flow in the past year.
In the past 5 years OPEN always reported negative net income.
In multiple years OPEN reported negative operating cash flow during the last 5 years.
OPEN Yearly Net Income VS EBIT VS OCF VS FCFOPEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B

1.2 Ratios

The Return On Assets of OPEN (-11.23%) is worse than 68.75% of its industry peers.
OPEN's Return On Equity of -57.05% is on the low side compared to the rest of the industry. OPEN is outperformed by 71.88% of its industry peers.
Industry RankSector Rank
ROA -11.23%
ROE -57.05%
ROIC N/A
ROA(3y)-13.57%
ROA(5y)-11.86%
ROE(3y)-69.33%
ROE(5y)-50.65%
ROIC(3y)N/A
ROIC(5y)N/A
OPEN Yearly ROA, ROE, ROICOPEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60 -80 -100

1.3 Margins

The Gross Margin of OPEN (8.16%) is worse than 71.88% of its industry peers.
OPEN's Gross Margin has improved in the last couple of years.
OPEN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.16%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.63%
GM growth 5Y5.77%
OPEN Yearly Profit, Operating, Gross MarginsOPEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20

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2

2. Health

2.1 Basic Checks

OPEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for OPEN has been increased compared to 1 year ago.
OPEN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for OPEN is higher compared to a year ago.
OPEN Yearly Shares OutstandingOPEN Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
OPEN Yearly Total Debt VS Total AssetsOPEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of 0.84, we must say that OPEN is in the distress zone and has some risk of bankruptcy.
OPEN's Altman-Z score of 0.84 is in line compared to the rest of the industry. OPEN outperforms 45.31% of its industry peers.
A Debt/Equity ratio of 2.43 is on the high side and indicates that OPEN has dependencies on debt financing.
OPEN has a worse Debt to Equity ratio (2.43) than 78.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.43
Debt/FCF N/A
Altman-Z 0.84
ROIC/WACCN/A
WACC7.5%
OPEN Yearly LT Debt VS Equity VS FCFOPEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B

2.3 Liquidity

A Current Ratio of 2.99 indicates that OPEN has no problem at all paying its short term obligations.
OPEN has a better Current ratio (2.99) than 75.00% of its industry peers.
A Quick Ratio of 0.75 indicates that OPEN may have some problems paying its short term obligations.
With a Quick ratio value of 0.75, OPEN is not doing good in the industry: 70.31% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 2.99
Quick Ratio 0.75
OPEN Yearly Current Assets VS Current LiabilitesOPEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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5

3. Growth

3.1 Past

OPEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.25%, which is quite impressive.
OPEN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.36%.
The Revenue has been growing slightly by 1.68% on average over the past years.
EPS 1Y (TTM)49.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
Revenue 1Y (TTM)2.36%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%-2.37%

3.2 Future

Based on estimates for the next years, OPEN will show a very strong growth in Earnings Per Share. The EPS will grow by 39.49% on average per year.
The Revenue is expected to grow by 12.39% on average over the next years. This is quite good.
EPS Next Y45.69%
EPS Next 2Y21.16%
EPS Next 3Y17.37%
EPS Next 5Y39.49%
Revenue Next Year-3.13%
Revenue Next 2Y9%
Revenue Next 3Y10.73%
Revenue Next 5Y12.39%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
OPEN Yearly Revenue VS EstimatesOPEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
OPEN Yearly EPS VS EstimatesOPEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2

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0

4. Valuation

4.1 Price/Earnings Ratio

OPEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year OPEN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
OPEN Price Earnings VS Forward Price EarningsOPEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
OPEN Per share dataOPEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

OPEN's earnings are expected to grow with 17.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y21.16%
EPS Next 3Y17.37%

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0

5. Dividend

5.1 Amount

OPEN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (7/25/2025, 8:14:58 PM)

After market: 2.49 -0.05 (-1.97%)

2.54

+0.12 (+4.96%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)08-05 2025-08-05/amc
Inst Owners48.16%
Inst Owner Change0.01%
Ins Owners3.94%
Ins Owner Change-0.41%
Market Cap1.85B
Analysts52
Price Target1.18 (-53.54%)
Short Float %21.01%
Short Ratio1.54
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.86%
Min EPS beat(2)14.67%
Max EPS beat(2)21.05%
EPS beat(4)4
Avg EPS beat(4)29.52%
Min EPS beat(4)14.67%
Max EPS beat(4)57.37%
EPS beat(8)8
Avg EPS beat(8)27.48%
EPS beat(12)11
Avg EPS beat(12)25.46%
EPS beat(16)14
Avg EPS beat(16)33.78%
Revenue beat(2)2
Avg Revenue beat(2)7.47%
Min Revenue beat(2)6.76%
Max Revenue beat(2)8.18%
Revenue beat(4)4
Avg Revenue beat(4)5.6%
Min Revenue beat(4)0.87%
Max Revenue beat(4)8.18%
Revenue beat(8)7
Avg Revenue beat(8)3.92%
Revenue beat(12)10
Avg Revenue beat(12)6.73%
Revenue beat(16)14
Avg Revenue beat(16)8.4%
PT rev (1m)0%
PT rev (3m)-21.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)81.27%
EPS NY rev (1m)0%
EPS NY rev (3m)36.08%
Revenue NQ rev (1m)1.33%
Revenue NQ rev (3m)3.17%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-6.78%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.36
P/FCF N/A
P/OCF N/A
P/B 2.87
P/tB 2.88
EV/EBITDA N/A
EPS(TTM)-0.34
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-0.98
FCFYN/A
OCF(TTM)-0.95
OCFYN/A
SpS7.03
BVpS0.88
TBVpS0.88
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -11.23%
ROE -57.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.16%
FCFM N/A
ROA(3y)-13.57%
ROA(5y)-11.86%
ROE(3y)-69.33%
ROE(5y)-50.65%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.63%
GM growth 5Y5.77%
F-Score2
Asset Turnover1.56
Health
Industry RankSector Rank
Debt/Equity 2.43
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 47.73%
Cap/Sales 0.41%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.99
Quick Ratio 0.75
Altman-Z 0.84
F-Score2
WACC7.5%
ROIC/WACCN/A
Cap/Depr(3y)51.19%
Cap/Depr(5y)54.15%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
EPS Next Y45.69%
EPS Next 2Y21.16%
EPS Next 3Y17.37%
EPS Next 5Y39.49%
Revenue 1Y (TTM)2.36%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%-2.37%
Revenue Next Year-3.13%
Revenue Next 2Y9%
Revenue Next 3Y10.73%
Revenue Next 5Y12.39%
EBIT growth 1Y18.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year82.28%
EBIT Next 3Y26.06%
EBIT Next 5Y17.19%
FCF growth 1Y-154.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-151.86%
OCF growth 3YN/A
OCF growth 5YN/A