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OPENDOOR TECHNOLOGIES INC (OPEN) Stock Fundamental Analysis

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

3.45  -0.17 (-4.7%)

Fundamental Rating

3

OPEN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 64 industry peers in the Real Estate Management & Development industry. The financial health of OPEN is average, but there are quite some concerns on its profitability. OPEN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

OPEN had negative earnings in the past year.
OPEN had a positive 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 (-10.49%) is worse than 68.75% of its industry peers.
OPEN has a worse Return On Equity (-48.34%) than 68.75% of its industry peers.
Industry RankSector Rank
ROA -10.49%
ROE -48.34%
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

OPEN has a worse Gross Margin (8.05%) than 75.00% 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 8.05%
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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4

2. Health

2.1 Basic Checks

OPEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
OPEN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for OPEN has been increased compared to 5 years ago.
OPEN has a worse debt/assets ratio than last year.
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 1.29, we must say that OPEN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.29, OPEN perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
The Debt to FCF ratio of OPEN is 4.26, which is a neutral value as it means it would take OPEN, 4.26 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of OPEN (4.26) is better than 79.69% of its industry peers.
A Debt/Equity ratio of 2.58 is on the high side and indicates that OPEN has dependencies on debt financing.
OPEN has a worse Debt to Equity ratio (2.58) than 76.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.58
Debt/FCF 4.26
Altman-Z 1.29
ROIC/WACCN/A
WACC7.53%
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

OPEN has a Current Ratio of 4.35. This indicates that OPEN is financially healthy and has no problem in meeting its short term obligations.
OPEN has a better Current ratio (4.35) than 84.38% of its industry peers.
OPEN has a Quick Ratio of 1.97. This is a normal value and indicates that OPEN is financially healthy and should not expect problems in meeting its short term obligations.
OPEN has a Quick ratio of 1.97. This is in the better half of the industry: OPEN outperforms 70.31% of its industry peers.
Industry RankSector Rank
Current Ratio 4.35
Quick Ratio 1.97
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

The Earnings Per Share has grown by an impressive 23.90% over the past year.
The Revenue has grown by 14.07% in the past year. This is quite good.
The Revenue has been growing slightly by 1.68% on average over the past years.
EPS 1Y (TTM)23.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
Revenue 1Y (TTM)14.07%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%3.71%

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-3.44%
Revenue Next 2Y7.17%
Revenue Next 3Y8.95%
Revenue Next 5Y12.39%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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2

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 20 40

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, OPEN is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.92
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

A more expensive valuation may be justified as OPEN's earnings are expected to grow with 17.37% in the coming years.
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

No dividends for OPEN!.
Industry RankSector Rank
Dividend Yield N/A

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OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (8/20/2025, 9:41:10 AM)

3.45

-0.17 (-4.7%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners45.75%
Inst Owner Change-5.93%
Ins Owners3.95%
Ins Owner Change-0.93%
Market Cap2.52B
Analysts52.5
Price Target1.28 (-62.9%)
Short Float %23.23%
Short Ratio0.65
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)18.12%
Min EPS beat(2)14.67%
Max EPS beat(2)21.57%
EPS beat(4)4
Avg EPS beat(4)20.56%
Min EPS beat(4)14.67%
Max EPS beat(4)24.97%
EPS beat(8)8
Avg EPS beat(8)27.36%
EPS beat(12)11
Avg EPS beat(12)15.27%
EPS beat(16)14
Avg EPS beat(16)33.17%
Revenue beat(2)2
Avg Revenue beat(2)4.49%
Min Revenue beat(2)2.22%
Max Revenue beat(2)6.76%
Revenue beat(4)4
Avg Revenue beat(4)5.93%
Min Revenue beat(4)2.22%
Max Revenue beat(4)8.18%
Revenue beat(8)7
Avg Revenue beat(8)3.51%
Revenue beat(12)11
Avg Revenue beat(12)7.07%
Revenue beat(16)14
Avg Revenue beat(16)8.09%
PT rev (1m)8.53%
PT rev (3m)-9.84%
EPS NQ rev (1m)-45.71%
EPS NQ rev (3m)8.2%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-25.33%
Revenue NQ rev (3m)-44.95%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-1.6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.49
P/FCF 4.92
P/OCF 4.78
P/B 3.99
P/tB 4.01
EV/EBITDA N/A
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)0.7
FCFY20.31%
OCF(TTM)0.72
OCFY20.91%
SpS7.11
BVpS0.87
TBVpS0.86
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -10.49%
ROE -48.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.05%
FCFM 9.86%
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-Score5
Asset Turnover1.78
Health
Industry RankSector Rank
Debt/Equity 2.58
Debt/FCF 4.26
Debt/EBITDA N/A
Cap/Depr 30%
Cap/Sales 0.29%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.35
Quick Ratio 1.97
Altman-Z 1.29
F-Score5
WACC7.53%
ROIC/WACCN/A
Cap/Depr(3y)47.71%
Cap/Depr(5y)52.06%
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)23.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
EPS Next Y45.69%
EPS Next 2Y21.16%
EPS Next 3Y17.37%
EPS Next 5Y39.49%
Revenue 1Y (TTM)14.07%
Revenue growth 3Y-13.71%
Revenue growth 5Y1.68%
Sales Q2Q%3.71%
Revenue Next Year-3.44%
Revenue Next 2Y7.17%
Revenue Next 3Y8.95%
Revenue Next 5Y12.39%
EBIT growth 1Y41.89%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year88%
EBIT Next 3Y26.96%
EBIT Next 5Y17.19%
FCF growth 1Y-87.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-87.4%
OCF growth 3YN/A
OCF growth 5YN/A