Re/Max Holdings Inc (N:RMAX)

Business Focus: Real Estate Services

Sector:  Financials Industry:  Real Estate Services
See Regulatory Filings on SEC
Company Contact
Address: 5075 S Syracuse St
DENVER CO 80237-2712
Tel: N/A
IR: See website
Key People
David L. Liniger
Non-Executive Chairman of the Board, Co-Founder
Adam Michael Contos
Chief Executive Officer, Director
Gail A. Liniger
Vice Chairman of the Board, Co-Founder
Karri R. Callahan
Chief Financial Officer
Serene M. Smith
Chief of Staff and Chief Operating Officer
Brett A. Ritchie
Senior Vice President, Chief Accounting Officer
Business Overview
RE/MAX Holdings, Inc. is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices. Under Motto business, the Company operates as a mortgage brokerage franchisor. As a franchisor, the Company helps its Motto franchisees to establish independent mortgage brokerage companies.
Financial Overview
For the three months ended 31 March 2019, Re/Max Holdings Inc revenues increased 35% to $71.2M. Net income decreased 12% to $4.4M. Revenues reflect Franchise sales and other revenue increase of 5% to $10M, Annual dues increase of 2% to $8.9M. Net income was offset by Depreciation and amortization increase of 21% to $5.6M (expense), Interest expense increase of 16% to $3.2M (expense).
Employees: 500 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $731.63M as of Mar 31, 2019
Annual revenue (TTM): $231.16M as of Mar 31, 2019
EBITDA (TTM): $112.36M as of Mar 31, 2019
Net annual income (TTM): $26.47M as of Mar 31, 2019
Free cash flow (TTM): $59.40M as of Mar 31, 2019
Net Debt Last Fiscal Year: $162.49M as of Mar 31, 2019
Shares outstanding: 17,807,949 as of Apr 30, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization