Redfin Corp Stock Z Score

RDFN Stock

USD 9.49 0.17 1.76%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Redfin Corp Piotroski F Score and Redfin Corp Valuation analysis.

To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.

At this time, Redfin Corp's Net Invested Capital is very stable compared to the past year. As of the 1st of December 2024, Capital Lease Obligations is likely to grow to about 48.6 M, while Capital Surpluse is likely to drop about 695 M. At this time, Redfin Corp's Cost Of Revenue is very stable compared to the past year. As of the 1st of December 2024, Total Other Income Expense Net is likely to grow to about 88.9 M, while Depreciation And Amortization is likely to drop about 59.6 M.

Redfin Corp Company Z Score Analysis

Redfin Corp's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Redfin Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Redfin Corp is extremely important. It helps to project a fair market value of Redfin Stock properly, considering its historical fundamentals such as Z Score. Since Redfin Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Redfin Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Redfin Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Capital Surpluse	Net Invested Capital	Net Working Capital	Long Term Debt Total	Capital Stock	Long Term Investments
Total Assets		0.73	0.48	0.74	-0.13	0.9	0.98	0.73	0.71	0.75	0.76	0.95	0.93	0.95	0.81	0.84	0.72	0.73	0.87	0.99	0.71	0.59	0.64	-0.05
Total Stockholder Equity	0.73		0.93	0.23	0.42	0.46	0.71	0.32	0.77	0.09	0.93	0.51	0.83	0.52	0.34	0.91	0.73	0.59	0.74	0.66	0.71	0.4	0.46	-0.15
Net Tangible Assets	0.48	0.93		-0.02	0.48	0.2	0.48	0.11	0.76	-0.21	0.85	0.22	0.63	0.24	0.08	0.8	0.62	0.51	0.64	0.4	0.58	0.31	0.46	-0.32
Net Debt	0.74	0.23	-0.02		-0.66	0.87	0.7	0.96	0.33	0.83	0.41	0.87	0.47	0.87	0.99	0.56	0.55	0.29	0.62	0.77	0.07	0.7	0.54	-0.16
Retained Earnings	-0.13	0.42	0.48	-0.66		-0.42	-0.17	-0.66	0.04	-0.58	0.23	-0.34	0.12	-0.33	-0.58	0.06	-0.03	-0.06	-0.25	-0.2	0.41	-0.57	-0.46	0.48
Accounts Payable	0.9	0.46	0.2	0.87	-0.42		0.91	0.85	0.5	0.86	0.6	0.96	0.72	0.96	0.9	0.71	0.62	0.57	0.78	0.91	0.44	0.67	0.64	-0.09
Net Receivables	0.98	0.71	0.48	0.7	-0.17	0.91		0.73	0.66	0.73	0.75	0.92	0.92	0.93	0.77	0.83	0.71	0.79	0.9	0.97	0.7	0.67	0.69	-0.16
Good Will	0.73	0.32	0.11	0.96	-0.66	0.85	0.73		0.37	0.73	0.49	0.82	0.5	0.83	0.97	0.64	0.55	0.37	0.71	0.76	0.07	0.82	0.63	-0.36
Short Term Investments	0.71	0.77	0.76	0.33	0.04	0.5	0.66	0.37		0.29	0.71	0.53	0.77	0.56	0.4	0.76	0.66	0.7	0.83	0.67	0.66	0.4	0.75	-0.33
Total Liab	0.75	0.09	-0.21	0.83	-0.58	0.86	0.73	0.73	0.29		0.2	0.89	0.55	0.88	0.83	0.33	0.33	0.48	0.54	0.79	0.35	0.45	0.48	0.09
Deferred Long Term Liab	0.76	0.93	0.85	0.41	0.23	0.6	0.75	0.49	0.71	0.2		0.62	0.73	0.63	0.5	0.98	0.81	0.48	0.79	0.68	0.53	0.57	0.55	-0.19
Short Long Term Debt	0.95	0.51	0.22	0.87	-0.34	0.96	0.92	0.82	0.53	0.89	0.62		0.78	1.0	0.91	0.72	0.64	0.58	0.77	0.95	0.52	0.59	0.6	0.02
Total Current Assets	0.93	0.83	0.63	0.47	0.12	0.72	0.92	0.5	0.77	0.55	0.73	0.78		0.79	0.57	0.8	0.65	0.83	0.82	0.92	0.89	0.42	0.56	-0.04
Short Term Debt	0.95	0.52	0.24	0.87	-0.33	0.96	0.93	0.83	0.56	0.88	0.63	1.0	0.79		0.91	0.73	0.66	0.59	0.79	0.96	0.52	0.61	0.61	0.0
Intangible Assets	0.81	0.34	0.08	0.99	-0.58	0.9	0.77	0.97	0.4	0.83	0.5	0.91	0.57	0.91		0.64	0.55	0.38	0.69	0.84	0.18	0.7	0.58	-0.15
Common Stock	0.84	0.91	0.8	0.56	0.06	0.71	0.83	0.64	0.76	0.33	0.98	0.72	0.8	0.73	0.64		0.84	0.56	0.88	0.79	0.54	0.67	0.65	-0.28
Property Plant Equipment	0.72	0.73	0.62	0.55	-0.03	0.62	0.71	0.55	0.66	0.33	0.81	0.64	0.65	0.66	0.55	0.84		0.36	0.77	0.67	0.41	0.66	0.49	-0.19
Current Deferred Revenue	0.73	0.59	0.51	0.29	-0.06	0.57	0.79	0.37	0.7	0.48	0.48	0.58	0.83	0.59	0.38	0.56	0.36		0.78	0.73	0.8	0.43	0.75	-0.37
Capital Surpluse	0.87	0.74	0.64	0.62	-0.25	0.78	0.9	0.71	0.83	0.54	0.79	0.77	0.82	0.79	0.69	0.88	0.77	0.78		0.85	0.58	0.8	0.86	-0.48
Net Invested Capital	0.99	0.66	0.4	0.77	-0.2	0.91	0.97	0.76	0.67	0.79	0.68	0.95	0.92	0.96	0.84	0.79	0.67	0.73	0.85		0.69	0.58	0.63	-0.06
Net Working Capital	0.71	0.71	0.58	0.07	0.41	0.44	0.7	0.07	0.66	0.35	0.53	0.52	0.89	0.52	0.18	0.54	0.41	0.8	0.58	0.69		0.06	0.34	0.16
Long Term Debt Total	0.59	0.4	0.31	0.7	-0.57	0.67	0.67	0.82	0.4	0.45	0.57	0.59	0.42	0.61	0.7	0.67	0.66	0.43	0.8	0.58	0.06		0.72	-0.67
Capital Stock	0.64	0.46	0.46	0.54	-0.46	0.64	0.69	0.63	0.75	0.48	0.55	0.6	0.56	0.61	0.58	0.65	0.49	0.75	0.86	0.63	0.34	0.72		-0.68
Long Term Investments	-0.05	-0.15	-0.32	-0.16	0.48	-0.09	-0.16	-0.36	-0.33	0.09	-0.19	0.02	-0.04	0.0	-0.15	-0.28	-0.19	-0.37	-0.48	-0.06	0.16	-0.67	-0.68

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Redfin Corp

Based on the company's disclosures, Redfin Corp has a Z Score of 0.0. This is 100.0% lower than that of the Real Estate Management & Development sector and 100.0% lower than that of the Real Estate industry. The z score for all United States stocks is 100.0% higher than that of the company.

Redfin Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Redfin Corp from analyzing Redfin Corp's financial statements. These drivers represent accounts that assess Redfin Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Redfin Corp's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.9B	6.8B	4.0B	457.6M	1.2B	1.8B
Enterprise Value	1.9B	6.5B	5.0B	1.6B	2.0B	2.2B

Redfin Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Redfin Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Redfin Corp's managers, analysts, and investors.

Environmental

Governance

Social

Redfin Corp Institutional Holders

Institutional Holdings refers to the ownership stake in Redfin Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Redfin Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Redfin Corp's value.

		Shares
Voloridge Investment Management, Llc	2024-09-30	1.1 M
Northern Trust Corp	2024-09-30	1 M
Marshall Wace Asset Management Ltd	2024-06-30	1 M
Nuveen Asset Management, Llc	2024-06-30	999.8 K
Charles Schwab Investment Management Inc	2024-09-30	998.3 K
Two Sigma Advisers, Llc	2024-06-30	956 K
Tidal Investments Llc.	2024-09-30	850 K
Millennium Management Llc	2024-06-30	791.7 K
Bank Of America Corp	2024-06-30	723.9 K
Vanguard Group Inc	2024-09-30	17.2 M
Blackrock Inc	2024-06-30	8.8 M

Redfin Fundamentals

	Return On Equity	-14.76
	Return On Asset	-0.09
	Profit Margin	(0.15) %
	Operating Margin	(0.09) %
	Current Valuation	2.11 B
	Shares Outstanding	123.98 M
	Shares Owned By Insiders	4.29 %
	Shares Owned By Institutions	63.32 %
	Number Of Shares Shorted	18.43 M
	Price To Earning	(3.35) X
	Price To Book	269.90 X
	Price To Sales	1.18 X
	Revenue	976.67 M
	Gross Profit	286.05 M
	EBITDA	(53.04 M)
	Net Income	(130.03 M)
	Cash And Equivalents	473.25 M
	Cash Per Share	4.36 X
	Total Debt	1.01 B
	Debt To Equity	7.97 %
	Current Ratio	2.00 X
	Book Value Per Share	(0.53) X
	Cash Flow From Operations	56.76 M
	Short Ratio	3.11 X
	Earnings Per Share	(1.27) X
	Target Price	9.18
	Number Of Employees	4.69 K
	Beta	2.7
	Market Capitalization	1.2 B
	Total Asset	1.15 B
	Retained Earnings	(823.33 M)
	Working Capital	176.6 M
	Current Asset	359.38 M
	Current Liabilities	38.51 M
	Net Asset	1.15 B

About Redfin Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Redfin Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Redfin Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Redfin Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Redfin Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Redfin Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Redfin Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Redfin Stock

0.66

Ucommune International

Pair Corr

The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Redfin Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Redfin Corp to buy it.

The correlation of Redfin Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Redfin Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Redfin Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Redfin Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Redfin Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Redfin Corp Stock:

How To Invest In Redfin

Details

Is Redfin Stock a good investment?

Details

What is Redfin Corp's Net Worth?

Details

Largest Real Estate Management & Development Companies

View

Largest Real Estate Companies

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Check out Redfin Corp Piotroski F Score and Redfin Corp Valuation analysis.

To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Redfin Corp. If investors know Redfin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Redfin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

3.286

Earnings Share

(1.27)

Revenue Per Share

8.511

Quarterly Revenue Growth

0.034

Return On Assets

(0.09)

The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Redfin Corp Stock Z Score

Redfin Corp Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Redfin Z Score Driver Correlations

Redfin Corp Current Valuation Drivers

Redfin Corp ESG Sustainability

Redfin Corp Institutional Holders

Redfin Fundamentals

About Redfin Corp Fundamental Analysis

Pair Trading with Redfin Corp

Moving together with Redfin Stock

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