Bullboard - Stock Discussion Forum Real Matters Inc RLLMF

Primary Symbol: T.REAL

Real Matters Inc. is a Canada-based technology company. The Company provides network management services platform for the mortgage and insurance industries. It provides residential real estate appraisal and title services to mortgage lenders in the United States of America and residential real estate appraisal and insurance inspection services in Canada. Its segments include U.S. appraisal, U.S... see more

Add To Watchlist

TSX:REAL - Post Discussion

Real Matters Inc > fair value: 0.09 earning X 4=0.36 times 20x=$7.20

View:

Post by mingzhu on Nov 17, 2021 2:10pm

fair value: 0.09 earning X 4=0.36 times 20x=$7.20

eom

300

Comment

Comment by Deuteronomy818 on Nov 17, 2021 3:48pm

I think it's closer to .40? but who cares...management is still buying back shares which indicates their belief the shares continue to be undervalued. If I recall they said that at 16.00'share so let's see how much they scoop up at this price.

239

Comment

Comment by mingzhu on Nov 17, 2021 5:02pm

i am quite generous with $7.20 valuation . book value is $2.04. Cash in Sept was 60m. maxsium it can buy is 60m/8=7.5m shares, about 10% of 79m total shares.

203

Comment

Comment by Capharnaum on Nov 17, 2021 6:16pm

Imo, that's a bit short sighted as an evaluation. EBITDA margin has been compressed this year as they are moving to higher tiers lenders for US Titles. It should eventually go back to 50%+. It is key to further growth and more stable revenues. If you normalize the US title revenues, you would find higher EBITDA for the year by $12.3M, which would result in $71.5M EBITDA for this year. As ...more

330

Comment

Real Matters Inc