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
Nick Bailey
Chief Customer 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 six months ended 30 June 2019, Re/Max Holdings Inc revenues increased 33% to $142.6M. Net income increased 3% to $13M. Revenues reflect Franchise sales and other revenue increase of 3% to $16.2M, Annual dues remaining flat at $17.7M. Net income was partially offset by Depreciation and amortization increase of 15% to $11.1M (expense), Interest expense increase of 7% to $6.3M (expense).
Employees: 500 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $661.95M as of Jun 30, 2019
Annual revenue (TTM): $248.27M as of Jun 30, 2019
EBITDA (TTM): $131.75M as of Jun 30, 2019
Net annual income (TTM): $27.39M as of Jun 30, 2019
Free cash flow (TTM): $46.77M as of Jun 30, 2019
Net Debt Last Fiscal Year: $154.24M as of Jun 30, 2019
Shares outstanding: 17,833,159 as of Jul 31, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization