Added to YB: 2026-04-30
Pitch date: 2026-04-28
RMAX [neutral]
RE/MAX Holdings, Inc.
-2.47%
current return
Author Info
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Company Info
RE/MAX Holdings, Inc. operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally.
Market Cap
$200.2M
Pitch Price
$11.35
Price Target
13.80 (+22%)
Dividend
N/A
EV/EBITDA
0.69
P/E
24.85
EV/Sales
0.20
Sector
Real Estate Management and Development
Category
special_situation
Buyout Update for Hidden Rock Capital Names - RE/MAX Holdings, Inc.
RMAX (exited position): Real Brokerage buyout at reported $13.80/share, but actual value ~$11.40 ($4 cash + $7.40 REAX stock) due to $80M max cash cap. Stock at $9.94 = ~14-15% discount. Poor risk/reward vs transaction risks & opportunity cost. Recommended exit to redeploy capital. Originally pitched Mar 2024 at <$8/share for strong brand, asset-light franchise model, FCF generation & real estate inflection.
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