Download PDF

1. Company Snapshot

1.a. Company Description

Anywhere Real Estate Inc., through its subsidiaries, provides residential real estate services.It operates through three segments: Realogy Franchise Group, and Realogy Brokerage Group.The Realogy Franchise Group segment franchises its residential real estate brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty, and Better Homes and Gardens Real Estate brand names.


This segment also offers lead generation and relocation services.As of December 31, 2020, this segment's real estate franchise systems and proprietary brands had approximately 20,100 offices and 320,700 independent sales agents worldwide.The Realogy Brokerage Group segment owns and operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran, and Sotheby's International Realty brand names to assist home buyers and sellers in the listing, marketing, selling, and finding homes.


As of December 31, 2020, this segment owned and operated 670 brokerage offices with approximately 53,100 independent sales agents.The Realogy Title Group segment provides title, escrow, and settlement services to real estate companies, corporations, and financial institutions.This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions.


The company was formerly known as Realogy Holdings Corp.and changed its name to Anywhere Real Estate Inc.in June 2022.


Anywhere Real Estate Inc.was incorporated in 2006 and is headquartered in Madison, New Jersey.

Show Full description

1.b. Last Insights on HOUS

Here is a 90-word analysis of the negative drivers behind Anywhere Real Estate Inc.'s recent stock performance: Despite a strong Q4 2024 performance, Anywhere Real Estate faces significant debt challenges, with a high Debt-to-Equity ratio and potential cash flow headwinds in 2025. The company's financial health is vulnerable, and profitability challenges persist. The luxury segment showed strength, but high leverage and significant debt obligations overshadow this positive trend. Additionally, the company's "Move Up" campaign and leadership reshaping efforts may not be enough to offset these financial concerns.

1.c. Company Highlights

2. Anywhere Real Estate's Q3 2025 Earnings: A Mixed Bag

Anywhere Real Estate reported revenue of $1.6 billion, up 6% year-over-year, and operating EBITDA of $100 million, down $8 million versus the prior year. The company's EPS came in at -$0.11607, missing estimates of $0.18. Excluding employee cash-settled RSU awards, operating EBITDA would have been $24 million higher, indicating a decent underlying performance. The company's closed transaction volume was up 7%, with its luxury businesses delivering 12% year-over-year volume growth.

Publication Date: Nov -29

📋 Highlights
  • Revenue Growth:: Q3 revenue reached $1.6 billion, a 6% increase year-over-year.
  • Operating EBITDA Adjustment:: Excluding RSU awards, operating EBITDA would have been $24 million higher.
  • Transaction Volume Expansion:: Q3 closed transaction volume grew 7%, with 12% year-over-year luxury volume growth.
  • Cost Savings Progress:: Achieved $28 million in Q3 cost savings, totaling $67 million year-to-date toward $100 million target.
  • AI Efficiency Gains:: AI tool reduced listing entry time from 10–15 minutes to under 60 seconds, accelerating data entry processes.

Segment Performance

Anywhere Brands' operating EBITDA was $155 million, up $4 million versus the prior year, driven by higher revenue. Anywhere Advisors' operating EBITDA was negative $11 million, flat versus the prior year, due to higher employee costs. Operating EBITDA margin was negative 1%, but excluding intercompany payments, Advisors' operating EBITDA margin was 6% or $79 million in operating EBITDA.

Cost Savings and Cash Flow

The company realized $28 million in cost savings in the quarter and $67 million year-to-date, on track to achieve $100 million in cost savings for 2025. Anywhere generated $92 million of free cash flow, down $7 million year-over-year. This decline in free cash flow is a concern, and the 'Free Cash Flow Yield (%)' is currently at -2.57%, indicating that the company's free cash flow is not sufficient to justify its market value.

Valuation and Outlook

Analysts estimate next year's revenue growth at 7.5%, indicating a decent growth outlook. However, the current 'P/S Ratio' is 0.27, and 'EV/EBITDA' is 3.23, suggesting that the stock may be undervalued. With the proposed merger with Compass, Anywhere is poised to create a premier real estate platform, marking a defining step forward for the industry. As Ryan Schneider mentioned, "We are executing with momentum across multiple growth vectors, transforming the transaction experience through innovation and generative AI." The 'ROE (%)' is currently at -8.39%, and 'ROIC (%)' is 21.44%, indicating that the company's profitability is a concern, but its return on invested capital is strong.

3. NewsRoom

Card image cap

Guaranteed Rate Affinity Promotes Jaime Joyce to Chief Operations and Strategy Officer

Nov -20

Source: prnewswire.com

Card image cap

71% of Aspiring Homeowners Are Delaying Kids, Career Moves, and Other Major Life Decisions Until They Buy a Home

Nov -10

Source: prnewswire.com

Card image cap

Anywhere Real Estate Inc. (HOUS) Q3 2025 Earnings Call Prepared Remarks Transcript

Nov -04

Source: seekingalpha.com

Card image cap

Anywhere Real Estate (HOUS) Reports Break-Even Earnings for Q3

Nov -04

Source: zacks.com

Card image cap

ANYWHERE REAL ESTATE INC. REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS

Nov -04

Source: prnewswire.com

Card image cap

Here's What to Expect From Anywhere Real Estate in Q3 Earnings

Nov -04

Source: zacks.com

Card image cap

Comparing Henderson Land Development (OTCMKTS:HLDCY) & Anywhere Real Estate (NYSE:HOUS)

Oct -21

Source: defenseworld.net

Card image cap

Anywhere to Release Third Quarter 2025 Financial Results and Host Webcast on November 4, 2025

Oct -16

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.16%)

6. Segments

Realogy Brokerage Group

Expected Growth: 7%

Realogy Brokerage Group's 7% growth is driven by increasing demand for residential real estate services, strategic acquisitions, and cost-saving initiatives. Additionally, the company's diversified brand portfolio, including Century 21, Coldwell Banker, and Better Homes and Gardens Real Estate, contributes to its growth. Furthermore, investments in digital platforms and technology enhance the customer experience, driving revenue growth.

Realogy Franchise Group

Expected Growth: 9%

Realogy Franchise Group's 9% growth is driven by increasing demand for real estate services, expansion of its franchise network, and strategic investments in technology and marketing. Additionally, the shift towards online real estate transactions and the company's ability to adapt to changing market conditions have contributed to its growth.

Realogy Title Group

Expected Growth: 6%

Realogy Title Group's 6% growth is driven by increasing demand for title insurance and settlement services, fueled by a strong housing market and low interest rates. Additionally, the company's expansion into new markets, strategic partnerships, and investments in digital technologies have enhanced operational efficiency and improved customer experience, contributing to its growth momentum.

Corporate and Other

Expected Growth: 5%

Anywhere Real Estate Inc.'s Corporate and Other segment growth of 5% is driven by increased adoption of technology solutions, expansion of mortgage lending services, and strategic investments in digital marketing platforms, resulting in higher revenue from transactional and interest income.

7. Detailed Products

Residential Real Estate Services

Anywhere Real Estate Inc. provides a comprehensive range of residential real estate services, including buying, selling, and renting of properties.

Commercial Real Estate Services

Our commercial real estate services cater to businesses and investors, providing expertise in buying, selling, and leasing of commercial properties.

Property Management Services

Anywhere Real Estate Inc. offers property management services, including rental property management, maintenance, and renovation services.

Relocation Services

Our relocation services assist individuals and families moving to a new location, providing guidance on neighborhoods, schools, and community resources.

Mortgage Services

Anywhere Real Estate Inc. offers mortgage services, including loan origination, refinancing, and mortgage insurance.

Title and Settlement Services

Our title and settlement services provide title insurance, escrow services, and closing coordination for a seamless transaction experience.

Home Warranty Services

Anywhere Real Estate Inc. offers home warranty services, providing protection against unexpected home repairs and replacements.

8. Anywhere Real Estate Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Anywhere Real Estate Inc. is medium due to the presence of alternative options for customers, such as online real estate platforms and local property managers.

Bargaining Power Of Customers

The bargaining power of customers is high due to the availability of multiple real estate companies and online platforms, giving customers the power to negotiate prices and services.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the company's strong relationships with suppliers and the availability of multiple suppliers in the market.

Threat Of New Entrants

The threat of new entrants is medium due to the moderate barriers to entry in the real estate industry, including regulatory requirements and capital investments.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of multiple established players in the market, leading to a competitive pricing strategy and high marketing expenditures.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 62.34%
Debt Cost 5.53%
Equity Weight 37.66%
Equity Cost 16.42%
WACC 9.63%
Leverage 165.52%

11. Quality Control: Anywhere Real Estate Inc. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Douglas Elliman

A-Score: 4.4/10

Value: 9.0

Growth: 1.0

Quality: 4.9

Yield: 1.0

Momentum: 9.5

Volatility: 1.0

1-Year Total Return ->

View Full Report
Stock-Card
Redfin

A-Score: 4.2/10

Value: 7.5

Growth: 4.0

Quality: 5.1

Yield: 0.0

Momentum: 5.0

Volatility: 3.7

1-Year Total Return ->

View Full Report
Stock-Card
Transcontinental Realty Investors

A-Score: 4.2/10

Value: 2.0

Growth: 4.7

Quality: 3.4

Yield: 0.0

Momentum: 9.5

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
eXp World Holdings

A-Score: 4.1/10

Value: 5.1

Growth: 5.2

Quality: 4.5

Yield: 3.0

Momentum: 3.0

Volatility: 3.7

1-Year Total Return ->

View Full Report
Stock-Card
Anywhere Real Estate

A-Score: 3.9/10

Value: 8.1

Growth: 1.8

Quality: 2.9

Yield: 0.0

Momentum: 9.5

Volatility: 1.3

1-Year Total Return ->

View Full Report
Stock-Card
Comstock

A-Score: 3.3/10

Value: 7.4

Growth: 4.9

Quality: 4.8

Yield: 0.0

Momentum: 2.5

Volatility: 0.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

14.1$

Current Price

14.1$

Potential

-0.00%

Expected Cash-Flows