A Business at a Glance
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Douglas Elliman Inc. is engaged in the real estate services and property technology investment business and is seeking to acquire or invest in additional real estate services and property technology, or PropTech, companies. Douglas Elliman owns Douglas Elliman Realty, LLC, one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, the Hamptons, Westchester, Connecticut and New Jersey, and also conducts operations in Florida, California, Texas, Colorado, Nevada, Massachusetts, Maryland, Virginia, Washington D.C., Arizona, New Hampshire and Michigan. We also offer, including through our subsidiaries and ventures, ancillary services, such as property management, title and escrow services. Douglas Elliman Inc. is a Delaware corporation incorporated in 2021 in connection with the separation of Douglas Elliman from Vector Group Ltd., as an independent, publicly traded company, listed on the New York Stock Exchange.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 996M | 956M | 1.2B | 1.4B | 774M |
| Net Income | -59M | -76M | -43M | -5.6M | 99M | -46M |
| EPS | $-0.70 | $-0.91 | $-0.52 | $-0.08 | $1.21 | $-0.57 |
| Free Cash Flow | -13M | -31M | -37M | -23M | 124M | 26M |
| ROIC | -442.1% | -39.2% | -18.2% | -2.1% | 123.6% | -26.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.30 | 0.20 | 0.00 | 1.04 | 0.04 | 0.08 |
| Dividends/Share | $0.00 | - | $0.05 | $0.23 | - | - |
| Operating Income | -38M | -69M | -64M | -4.5M | 102M | -49M |
| Operating Margin | -3.7% | -6.9% | -6.7% | -0.4% | 7.5% | -6.4% |
| ROE | -51.6% | -38.6% | -18.2% | -2.1% | 35.3% | -28.3% |
| Shares Outstanding | 89M | 84M | 82M | 70M | 82M | 81M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 774M | 1.4B | 1.2B | 956M | 996M | 1.0B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -49M | 102M | -4.5M | -64M | -69M | -38M |
| Op. Margin | -6.4% | 7.5% | -0.4% | -6.7% | -6.9% | -3.7% |
| Net Income | -46M | 99M | -5.6M | -43M | -76M | -59M |
| Net Margin | -6.0% | 7.3% | -0.5% | -4.5% | -7.7% | -5.8% |
| Non-Recurring | 2.2M | 0 | 0 | 2.4M | 1.0M | 1.0M |
| Returns on Capital | ||||||
| ROIC | -26.3% | 123.6% | -2.1% | -18.2% | -39.2% | N/M |
| ROE | -28.3% | 35.3% | -2.1% | -18.2% | -38.6% | -51.6% |
| ROA | -10.2% | 16.6% | -1.0% | -8.6% | -15.5% | -12.3% |
| Cash Flow | ||||||
| Op. Cash Flow | 32M | 128M | -15M | -30M | -26M | -8.5M |
| Free Cash Flow | 26M | 124M | -23M | -37M | -31M | -13M |
| Owner Earnings | 23M | 119M | -34M | -52M | -40M | -23M |
| CapEx | 6.1M | 4.1M | 8.5M | 6.1M | 5.5M | 4.3M |
| Maint. CapEx | 8.5M | 8.6M | 8.0M | 8.0M | 7.7M | 7.7M |
| Growth CapEx | 0 | 0 | 525K | 0 | 0 | 0 |
| D&A | 8.5M | 8.6M | 8.0M | 8.0M | 7.7M | 7.7M |
| CapEx/OCF | N/A | 3.2% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 16M | 4.2M | 0 | 0 |
| Dividend Yield | N/A | N/A | 4.3% | 1.9% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | 0 | 11M | 13M | 6.6M | 6.6M |
| Debt Repayment | 63K | 361K | 13M | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | -82M | -199M | N/A | -120M | -113M | -108M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 143M |
| Long-Term Debt | 13M | 13M | N/A | 0 | 33M | 33M |
| Debt/Equity | 0.08 | 0.04 | 1.04 | 0.00 | 0.20 | 0.30 |
| Interest Coverage | N/A | N/A | -2.6 | -2303.5 | -23.4 | -23.4 |
| Equity | 164M | 280M | 269M | 233M | 162M | 115M |
| Total Assets | 454M | 595M | 550M | 493M | 494M | 481M |
| Total Liabilities | 290M | 313M | 280M | 259M | 331M | 366M |
| Intangibles | 32M | 33M | 32M | 32M | 32M | 32M |
| Retained Earnings | N/A | 622K | -5.0M | -48M | -124M | -124M |
| Working Capital | 49M | 148M | 135M | 84M | 104M | 104M |
| Current Assets | 148M | 281M | 225M | 181M | 196M | 196M |
| Current Liabilities | 100M | 132M | 90M | 97M | 92M | 92M |
| Per Share Data | ||||||
| EPS | -0.57 | 1.21 | -0.08 | -0.52 | -0.91 | -0.70 |
| Owner EPS | 0.29 | 1.46 | -0.48 | -0.63 | -0.48 | -0.26 |
| Book Value | 2.02 | 3.43 | 3.83 | 2.85 | 1.93 | 1.30 |
| Cash Flow/Share | 0.39 | 1.56 | -0.21 | -0.37 | -0.31 | -0.58 |
| Dividends/Share | N/A | N/A | 0.23 | 0.05 | N/A | 0.00 |
| Shares Out. | 81.2M | 81.7M | 70.3M | 81.8M | 83.9M | 88.8M |
| Valuation | ||||||
| P/E Ratio | N/A | 8.6 | N/A | N/A | N/A | -2.4 |
| P/FCF | N/A | 6.8 | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | 6.3 | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 3.0 | 1.0 | 1.1 | 0.8 | 1.3 |
| Price/Sales | N/A | 0.6 | 0.3 | 0.2 | 0.1 | 0.1 |
| FCF Yield | N/A | 14.6% | -9.0% | -14.9% | -24.4% | -8.4% |
| Market Cap | N/A | 846M | 259M | 245M | 129M | 152M |
| Avg. Price | N/A | 10.35 | 5.32 | 2.77 | 1.74 | 1.71 |
| Year-End Price | N/A | 10.35 | 3.68 | 3.00 | 1.54 | 1.71 |
Douglas Elliman Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 7.6%. At current prices, the estimated annualized return to fair value is -24.1%.
Douglas Elliman Inc. (DOUG) has a 5-year average return on invested capital (ROIC) of 7.6%. This is below average and may indicate limited pricing power.
Douglas Elliman Inc. (DOUG) has a market capitalization of $152M. It is classified as a small-cap stock.
Douglas Elliman Inc. (DOUG) does not currently pay a regular dividend.
Douglas Elliman Inc. (DOUG) operates in the Real Estate Agents & Managers (For Others) industry, within the Real Estate sector.
Douglas Elliman Inc. (DOUG) reported annual revenue of $996 million in its most recent fiscal year, based on SEC EDGAR filings.
Douglas Elliman Inc. (DOUG) has a net profit margin of -7.7%. The company is currently unprofitable.
Douglas Elliman Inc. (DOUG) generated $-31 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Douglas Elliman Inc. (DOUG) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
Douglas Elliman Inc. (DOUG) reported earnings per share (EPS) of $-0.91 in its most recent fiscal year.
Douglas Elliman Inc. (DOUG) has a return on equity (ROE) of -38.6%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 5 years of financial data for Douglas Elliman Inc. (DOUG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Douglas Elliman Inc. (DOUG) has a book value per share of $1.93, based on its most recent annual SEC filing.