NYSE: RKTRocket Companies Inc Stock
$12.55-0.08 (-0.63%)
Updated Apr 24, 2024
RKT Price
$12.55
Fair Value Price
N/A
Market Cap
$24.92B
52 Week Low
$7.17
52 Week High
$15.19
P/E
-104.58x
P/B
39.88x
P/S
0.49x
PEG
N/A
Dividend Yield
N/A
Revenue
$3.80B
Earnings
-$15.51M
Gross Margin
40.6%
Operating Margin
3.29%
Profit Margin
-0.4%
Debt to Equity
17.49
Operating Cash Flow
$110M
Beta
1.59
Next Earnings
May 2, 2024
Ex-Dividend
N/A
Next Dividend
N/A
RKT Overview
Rocket Companies, Inc. engages in the mortgage business in the United States. It is involved in originating, processing, underwriting, and servicing predominantly government sponsored enterprises-conforming mortgage loans, as well as Fair Housing Act, U.S. Department of Agriculture, and U.S. Department of Veteran's Affairs mortgage loans. The company offers its mortgage loans in 50 states through the internet, national television, and other marketing channels. It also offers title insurance, property valuation, and settlement services; online marketing and lead generation services; online-based personal loans; and car sales support services to car rental and online car purchasing platforms. The company also operates a digital platform for buying and selling homes; a sales and support platform that offers in inbound and outbound contact center services; and a loan origination platform. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.
Zen Score
–
Industry Average (19)
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Due Diligence Checks
RKT is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
RKT is poor value based on its book value relative to its share price (39.88x), compared to the US Mortgage Finance industry average (0.39x)
P/B vs Industry Valuation
RKT is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
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Valuation
RKT price to earnings (PE)
For valuing profitable companies with steady earnings
Company
-104.58x
Industry
-51.72x
Market
41.27x
RKT price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
39.88x
Industry
0.39x
RKT is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation
RKT's financial health
Profit margin
Revenue
$693.8M
Net Income
-$10.6M
Profit Margin
-1.5%
RKT's Earnings (EBIT) of $125.06M... subscribe to Premium to read more.
Interest Coverage Financials
RKT's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$19.2B
Liabilities
$10.9B
Debt to equity
17.49
RKT's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
RKT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$1.4B
Investing
$122.2M
Financing
-$1.4B
RKT's operating cash flow ($110.33M)... subscribe to Premium to read more.
Debt Coverage Financials
RKT vs Mortgage Stocks
Rocket Companies Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.