Professional
Added to YB: 2025-11-13
Pitch date: 2025-11-12
RKT [neutral]
Rocket Companies, Inc.
-12.34%
current return
Author Info
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Company Info
Rocket Companies, Inc., a fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.
Market Cap
$44.6B
Pitch Price
$17.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
38.28
P/E
621.26
EV/Sales
8.26
Sector
Financial Services
Category
N/A
Pernas Research Passes On: Rocket Companies, Inc.
RKT (pass): Vertically integrated mortgage platform with $50.3B market cap trading at 56x EV/EBITDA. Despite potential 50-year mortgage reform & lower rates benefiting sector, $12B debt from Redfin/Mr. Cooper acquisitions makes valuation prohibitive. Even bullish 2-3x EBITDA rebound scenario implies 20x multiple - too expensive.
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