Opendoor Technologies Inc
Find Ratings ReportsOPENDOOR TECHNOLOGIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. OPENDOOR TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 23.11 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 10.95% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 870.0 | 2857.0 |
EBITDA ($mil) | -98.0 | -182.0 |
EBIT ($mil) | -111.0 | -193.0 |
Net Income ($mil) | -91.0 | -399.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1609.0 | 1935.0 |
Total Assets ($mil) | 3567.0 | 6608.0 |
Total Debt ($mil) | 2534.0 | 5400.0 |
Equity ($mil) | 967.0 | 1086.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 9.77 | 2.87 |
EBITDA Margin | -11.26 | -6.37 |
Operating Margin | -12.76 | -6.76 |
Sales Turnover | 1.95 | 2.36 |
Return on Assets | -7.7 | -20.47 |
Return on Equity | -28.44 | -124.59 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 49.21 | 4.3 |
Debt/Capital | 0.72 | 0.83 |
Interest Expense | 37.0 | 113.0 |
Interest Coverage | -3.0 | -1.71 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 677.64 | 637.39 |
Div / share | 0.0 | 0.0 |
EPS | -0.14 | -0.63 |
Book value / share | 1.43 | 1.7 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2.0802696E7 | 1.87408E7 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 1.84 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.43. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, OPENDOOR TECHNOLOGIES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPEN NM | Peers 49.19 | OPEN 0.76 | Peers 18.58 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. OPEN's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. OPEN is trading at a significant discount to its peers. |
|||||||||||||||||||||||
Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
OPEN NM | Peers 40.04 | OPEN NA | Peers 5.86 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. OPEN's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
OPEN 1.84 | Peers 6.43 | OPEN 80.00 | Peers -7.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. OPEN is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. OPEN is expected to have an earnings growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
OPEN 0.26 | Peers 7.79 | OPEN -55.38 | Peers 11.68 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. OPEN is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. OPEN significantly trails its peers on the basis of sales growth. |
|||||||||||||||||||||||