Professional
Added to YB: 2025-11-14
Pitch date: 2025-11-12
RKT [neutral]
Rocket Companies, Inc.
+4%
current return
Author Info
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Company Info
Rocket Companies, Inc., provides spanning mortgage, real estate, and personal finance services in the United States and Canada.
Market Cap
$55.6B
Pitch Price
$17.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
63.16
P/E
-122.02
EV/Sales
11.75
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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