THE REALREAL, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.59 USD | +5.59% |
|
+15.81% | +78.61% |
| 04-12 | UBS Adjusts The RealReal Price Target to $3.70 From $2.30, Maintains Neutral Rating | MT |
| 03-01 | Consumer Cos Climb After Consumer Sentiment Reading - Consumer Roundup | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,617 | 1,731 | 1,073 | 122.6 | 207.7 | 375.8 | - | - |
| Enterprise Value (EV) 1 | 1,463 | 1,525 | 1,003 | 278.6 | 207.7 | 683.8 | 692.5 | 692.6 |
| P/E ratio | -8.93 x | -9.63 x | -4.5 x | -0.61 x | -1.22 x | -4.81 x | -6.6 x | -11.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.08 x | 5.8 x | 2.29 x | 0.2 x | 0.38 x | 0.64 x | 0.58 x | 0.51 x |
| EV / Revenue | 4.6 x | 5.11 x | 2.14 x | 0.46 x | 0.38 x | 1.16 x | 1.07 x | 0.95 x |
| EV / EBITDA | -20 x | -12 x | -7.9 x | -2.48 x | -3.77 x | 1,091 x | 31.3 x | 11.2 x |
| EV / FCF | -16.5 x | -9.45 x | -5.29 x | -2.17 x | - | -22.2 x | -79.8 x | 21.6 x |
| FCF Yield | -6.05% | -10.6% | -18.9% | -46.1% | - | -4.5% | -1.25% | 4.62% |
| Price to Book | 4.77 x | 9.12 x | 14.4 x | -0.73 x | - | -1.13 x | -1.14 x | -1.17 x |
| Nbr of stocks (in thousands) | 85,791 | 88,577 | 92,388 | 98,066 | 103,353 | 104,692 | - | - |
| Reference price 2 | 18.85 | 19.54 | 11.61 | 1.250 | 2.010 | 3.590 | 3.590 | 3.590 |
| Announcement Date | 25/02/20 | 22/02/21 | 23/02/22 | 28/02/23 | 29/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 318 | 298.3 | 467.7 | 603.5 | 549.3 | 588.4 | 647.2 | 730.4 |
| EBITDA 1 | -73.04 | -127.5 | -126.9 | -112.5 | -55.17 | 0.6269 | 22.1 | 62 |
| EBIT 1 | -98.42 | -149.7 | -150.4 | -140.1 | -86.86 | -53.88 | -49.58 | -26.72 |
| Operating Margin | -30.95% | -50.2% | -32.17% | -23.22% | -15.81% | -9.16% | -7.66% | -3.66% |
| Earnings before Tax (EBT) 1 | -96.55 | -177.4 | -236.1 | -196.3 | -168.2 | -79.44 | -59.38 | -36.19 |
| Net income 1 | -100.1 | -177.5 | -236.1 | -196.4 | -168.5 | -79.02 | -59.34 | -36.08 |
| Net margin | -31.47% | -59.52% | -50.48% | -32.55% | -30.67% | -13.43% | -9.17% | -4.94% |
| EPS 2 | -2.110 | -2.030 | -2.580 | -2.050 | -1.650 | -0.7468 | -0.5436 | -0.3132 |
| Free Cash Flow 1 | -88.52 | -161.4 | -189.6 | -128.5 | - | -30.78 | -8.674 | 32 |
| FCF margin | -27.83% | -54.1% | -40.54% | -21.29% | - | -5.23% | -1.34% | 4.38% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 51.61% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 25/02/20 | 22/02/21 | 23/02/22 | 28/02/23 | 29/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 118.8 | 145.1 | 146.7 | 154.4 | 142.7 | 159.7 | 141.9 | 130.9 | 133.2 | 143.4 | 139.1 | 138.9 | 145.9 | 164.6 | 152.9 |
| EBITDA 1 | -31.47 | -26.92 | -35.32 | -28.81 | -28.15 | -20.17 | -27.3 | -22.32 | -6.991 | 1.442 | -6.231 | -6.102 | 1.697 | 11.21 | -2.1 |
| EBIT 1 | -37.51 | -32.61 | -41.68 | -35.5 | -35.35 | -27.59 | -35.12 | -30.29 | -14.74 | -6.723 | -18.88 | -19.15 | -12.05 | -3.804 | -13.04 |
| Operating Margin | -31.56% | -22.47% | -28.41% | -22.99% | -24.77% | -17.28% | -24.75% | -23.15% | -11.06% | -4.69% | -13.58% | -13.78% | -8.26% | -2.31% | -8.52% |
| Earnings before Tax (EBT) 1 | -57.17 | -52.22 | -57.41 | -53.13 | -47.2 | -38.53 | -82.41 | -41.22 | -22.9 | -21.66 | -24.1 | -25.81 | -19.19 | -10.33 | -21.86 |
| Net income 1 | -57.2 | -52.2 | -57.41 | -53.16 | -47.26 | -38.61 | -82.5 | -41.33 | -22.95 | -21.69 | -23.9 | -25.44 | -19.21 | -10.46 | -21.81 |
| Net margin | -48.13% | -35.97% | -39.14% | -34.43% | -33.12% | -24.18% | -58.14% | -31.58% | -17.23% | -15.13% | -17.19% | -18.32% | -13.17% | -6.36% | -14.26% |
| EPS 2 | -0.6200 | -0.5600 | -0.6100 | -0.5600 | -0.4900 | -0.3900 | -0.8300 | -0.4100 | -0.2200 | -0.2100 | -0.2272 | -0.2414 | -0.1836 | -0.0979 | -0.1982 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 08/11/21 | 23/02/22 | 10/05/22 | 09/08/22 | 08/11/22 | 28/02/23 | 09/05/23 | 08/08/23 | 07/11/23 | 29/02/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 156 | - | 308 | 317 | 317 |
| Net Cash position 1 | 154 | 206 | 69.8 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | -1.388 x | - | 491.3 x | 14.33 x | 5.109 x |
| Free Cash Flow 1 | -88.5 | -161 | -190 | -128 | - | -30.8 | -8.67 | 32 |
| ROE (net income / shareholders' equity) | -246% | -67% | -179% | - | - | - | - | - |
| ROA (Net income/ Total Assets) | -33.2% | - | -34.7% | -28.7% | - | -18.6% | -12.5% | -7.7% |
| Assets 1 | 301.2 | - | 680 | 685.3 | - | 424.8 | 474.7 | 468.6 |
| Book Value Per Share 2 | 3.950 | 2.140 | 0.8000 | -1.720 | - | -3.180 | -3.150 | -3.080 |
| Cash Flow per Share 2 | -1.150 | -1.520 | -1.560 | -0.9500 | - | 0.0500 | 0.4600 | 0.7100 |
| Capex 1 | 34 | 28.6 | 47.4 | 36.9 | - | 34.7 | 36.3 | 41 |
| Capex / Sales | 10.7% | 9.58% | 10.14% | 6.12% | - | 5.89% | 5.61% | 5.61% |
| Announcement Date | 25/02/20 | 22/02/21 | 23/02/22 | 28/02/23 | 29/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
3.59
USD
Average target price
3.361
USD
Spread / Average Target
-6.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +78.61% | 376M | |
| +18.22% | 1,869B | |
| +5.02% | 46.43B | |
| +41.51% | 41.08B | |
| -0.17% | 8.67B | |
| -16.80% | 7.91B | |
| +7.09% | 6.41B | |
| -15.71% | 6.26B | |
| +1.81% | 6.07B | |
| +15.78% | 5.63B |
- Stock Market
- Equities
- REAL Stock
- Financials The RealReal, Inc.
