Overstock.com Inc Stock Research

Market Summary

USD20.27+0.12

Market Closed

0.60%

OSTK Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

OSTK Stock Price

OSTK RSI Chart

OSTK Valuation

Market Cap

911.2M

Price/Earnings (Trailing)

-25.86

Price/Sales (Trailing)

0.47

EV/EBITDA

-40.5

Price/Free Cashflow

-33.21

OSTK Price/Sales (Trailing)

OSTK Profitability

EBT Margin

-1.75%

Return on Equity

-5.46%

Return on Assets

-4.01%

Free Cashflow Yield

-3.01%

OSTK Fundamentals

OSTK Revenue

Revenue (TTM)

1.9B

Revenue Y/Y

-33.91%

Revenue Q/Q

-12.03%

OSTK Earnings

Earnings (TTM)

-35.2M

Earnings Y/Y

-147.09%

Earnings Q/Q

58.07%

Price Action

52 Week Range

17.0545.90

(Low)(High)

Last 7 days

4.1%

Last 30 days

8.1%

Last 90 days

4.7%

Trailing 12 Months

-53.9%

OSTK Financial Health

Current Ratio

2.17

Debt/Equity

0.05

Debt/Cashflow

-0.36

OSTK Investor Care

Shares Dilution (1Y)

4.48%

Diluted EPS (TTM)

-0.82

Peers (Alternatives to Overstockcom)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMZN	1.1T	514.0B	12.06%	-36.63%	-388.65	2.06	9.40%	-108.16%
EBAY	23.9B	9.8B	-3.02%	-22.16%	-18.85	2.44	-6.00%	-109.33%
CHWY	15.8B	9.8B	-5.46%	-8.34%	-771.83	1.62	14.45%	-288.94%
ETSY	13.9B	2.6B	-5.88%	-10.42%	-20.05	5.43	11.73%	-479.56%
MID-CAP
W	3.6B	12.2B	-12.69%	-69.00%	-2.73	0.3	-10.87%	-916.03%
SMALL-CAP
RVLV	1.9B	1.1B	-1.94%	-51.02%	32.86	1.75	23.56%	-41.21%
OSTK	911.2M	1.9B	8.05%	-53.94%	-25.86	0.47	-30.01%	-109.05%
SFIX	574.2M	1.8B	12.56%	-49.26%	-1.94	0.31	-16.43%	-882.41%
PETS	342.3M	260.5M	-13.02%	-34.20%	30.02	1.31	-6.68%	-47.81%
LE	320.8M	1.6B	24.62%	-42.55%	-151.16	0.2	-2.37%	-104.59%
REAL	124.9M	603.5M	-15.44%	-82.64%	-0.64	0.21	29.04%	16.80%
APRN	23.6M	458.7M	-23.88%	-83.27%	-0.21	0.05	-4.21%	-54.13%
IMBI	14.7M	453.2M	-33.82%	-91.55%	-0.33	0.03	-5.99%	-122.89%

Financials for Overstockcom

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-9.7%	1,929	2,137	2,366	2,633	2,756
Gross Profit	-10.0%	443	493	542	596	624
Operating Expenses	-6.2%	416	444	470	499	513
S&GA Expenses	-9.4%	215	238	260	287	302
EBITDA	-145.3%	-14.18	31.00	99.00	126	-
EBITDA Margin	-150.2%	-0.01*	0.01*	0.04*	0.05*	-
Earnings Before Taxes	-346.4%	-33.85	14.00	82.00	109	123
EBT Margin	-373.0%	-0.02*	0.01*	0.03*	0.04*	-
Interest Expenses	255.5%	3.00	1.00	-0.28	-0.53	-0.56
Net Income	-366.6%	-35.24	13.00	81.00	383	389
Net Income Margin	-395.3%	-0.02*	0.01*	0.03*	0.15*	-
Free Cahsflow	-1562.4%	-27.43	2.00	-14.58	39.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-7.7%	879	952	1,007	1,064	1,066
Current Assets	-12.8%	415	475	492	544	552
Cash Equivalents	-13.2%	371	428	443	493	503
Inventory	7.5%	7.00	6.00	6.00	5.00	5.00
Net PPE	2.5%	110	107	108	108	109
Goodwill	0%	6.00	6.00	6.00	6.00	6.00
Liabilities	-15.6%	233	276	298	332	322
Current Liabilities	-18.1%	191	233	254	285	272
Long Term Debt	-2.5%	34.00	35.00	36.00	37.00	38.00
Shareholder's Equity	-4.6%	646	677	709	733	744
Retained Earnings	-9.8%	-173	-158	-121	-126	-136
Additional Paid-In Capital	0.5%	983	978	973	967	961
Shares Outstanding	-1.7%	45.00	46.00	43.00	43.00	43.00
Minority Interest	NaN%	-	-	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-180.6%	-12.53	16.00	-0.18	52.00	81.00
Share Based Compensation	8.6%	18.00	17.00	15.00	13.00	11.00
Cashflow From Investing	-2.0%	-33.03	-32.38	-25.95	-102	-86.14
Cashflow From Financing	-27.2%	-86.34	-67.86	-68.74	-34.12	-10.60
Buy Backs	33.4%	80.00	60.00	60.00	25.00	0.00

Risks for OSTK

What is the probability of a big loss on OSTK?

100%

Probability that Overstockcom stock will be more than 20% underwater in next one year

100%

Probability that Overstockcom stock will be more than 30% underwater in next one year.

100%

Probability that Overstockcom stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OSTK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Overstockcom was unfortunately bought at previous high price.

Drawdowns

Returns for OSTK

Cumulative Returns on OSTK

5.0%

10-Year Cumulative Returns

4.5%

7-Year Cumulative Returns

-11.0%

5-Year Cumulative Returns

59.6%

3-Year Cumulative Returns

What are the long-term rolling returns for OSTK?

FIve years rolling returns for Overstockcom.

Annualized Returns

Which funds bought or sold OSTK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	reduced	-4.59	-1,326,680	4,168,320	0.11%
2023-03-23	ETF MANAGERS GROUP, LLC	sold off	-100	-159,000	-	-%
2023-03-23	MetLife Investment Management, LLC	unchanged	-	-117,709	456,683	-%
2023-03-17	American Portfolios Advisors	reduced	-0.27	-36,344	1,217,260	0.05%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	9.47	-393,032	2,636,970	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-1.99	-270,000	954,000	-%
2023-03-01	Meixler Investment Management, Ltd.	added	1.87	-118,910	506,090	0.51%
2023-02-28	Voya Investment Management LLC	added	2.66	-73,959	326,041	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-23,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-66.13	-594	406	-%

Latest Funds Activity

Are funds buying OSTK calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OSTK

No. of Funds

Overstockcom News

Schedule 13G FIlings of Overstockcom

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	william blair investment management, llc	1.1%	509,752	SC 13G/A
Feb 09, 2023	vanguard group inc	9.22%	4,215,438	SC 13G/A
Feb 02, 2023	invesco ltd.	5.7%	2,611,346	SC 13G/A
Jan 06, 2023	blackrock inc.	10.0%	4,586,638	SC 13G/A
Aug 02, 2022	simcoe capital management, llc	4.1%	1,879,168	SC 13D/A
May 31, 2022	simcoe capital management, llc	5.7%	2,440,085	SC 13D
Feb 14, 2022	allianz global investors u.s. holdings llc	0.1%	48,865	SC 13G/A
Feb 10, 2022	invesco ltd.	11.2%	4,797,717	SC 13G/A
Feb 09, 2022	morgan stanley	3.6%	1,545,359	SC 13G/A
Feb 03, 2022	blackrock inc.	8.2%	3,529,797	SC 13G/A

OSTK Fair Value

Overstockcom fair value in different scenarios

The table shows the Fair Value estimates for Overstockcom for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	11.91 -41.24%	18.16 -10.41%	20.46 0.94%	28.31 39.66%	46.85 131.13%
Current Inflation	11.57 -42.92%	17.18 -15.24%	19.23 -5.13%	26.23 29.40%	42.57 110.01%
Very High Inflation	11.12 -45.14%	15.94 -21.36%	17.68 -12.78%	23.66 16.72%	37.39 84.46%

Historical Overstockcom Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Overstockcom

View All Filings

Date Filed	Form Type	Document
Mar 31, 2023	11-K	Employee Benefit Details
Mar 31, 2023	DEF 14A	DEF 14A
Mar 31, 2023	DEFA14A	DEFA14A
Mar 24, 2023	8-K	Current Report
Mar 20, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 02, 2023	3	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	8-K	Current Report
Feb 24, 2023	10-K	Annual Report

Latest Insider Trading transactions for OSTK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-18	Hsu Chia-Fen Angela	sold (taxes)	-0.1488	0.0001	-1,488	chief marketing officer
2023-03-18	Hsu Chia-Fen Angela	acquired	0.3	0.0001	3,000	chief marketing officer
2023-03-13	Nickle Eric Glen	sold	-34,380	17.19	-2,000	chief legal officer
2023-02-21	Corbus Barclay F	sold	-49,364	21.15	-2,334	-
2023-02-17	TABACCO JOSEPH J JR	acquired	0.3334	0.0001	3,334	-
2023-02-17	Weight Joel	sold (taxes)	-60,824	21.84	-2,785	chief technology officer
2023-02-17	ABRAHAM ALLISON H	acquired	0.3334	0.0001	3,334	-
2023-02-17	Lee Carter Paul	acquired	0.6667	0.0001	6,667	chief people officer
2023-02-17	Weight Joel	acquired	0.6667	0.0001	6,667	chief technology officer
2023-02-17	JOHNSON JONATHAN E III	sold (taxes)	-157,816	21.84	-7,226	chief executive officer

About Overstockcom

OSTK Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue, net
Net revenue	$ 404,896	$ 460,279	$ 528,122	$ 536,037	$ 612,659	$ 689,390	$ 794,536	$ 659,861	$ 1,929,334	$ 2,756,446	$ 2,493,915
Cost of Revenue [Abstract]
Cost of goods sold	315,341	352,807	407,017	410,825	473,815	532,682	619,710	506,337	1,485,990	2,132,544	1,922,559
Gross profit	89,555	107,472	121,105	125,212	138,844	156,708	174,826	153,524	443,344	623,902	571,356
Operating expenses:
Sales and marketing	45,504	53,520	57,940	58,513	67,970	75,650	85,272	73,538	215,477	302,430	260,714
Technology	27,999	29,628	30,542	32,989	30,917	31,178	30,383	30,523	121,158	123,001	116,248
General and administrative	18,699	18,665	21,081	21,256	20,837	21,031	22,660	22,871	79,701	87,399	97,679
Total operating expenses	92,202	101,813	109,563	112,758	119,724	127,859	138,315	126,932	416,336	512,830	474,641
Operating income	(2,647)	5,659	11,542	12,454	19,120	28,849	36,511	26,592	27,008	111,072	96,715
Interest income (expense), net	1,999	976	115	(125)	(132)	(139)	(130)	(155)	2,965	(556)	(838)
Other income (expense), net	(15,447)	(46,283)	(1,981)	(114)	12,507	(79)	298	(226)	(63,825)	12,500	613
Income (loss) before income taxes from continuing operations	(16,095)	(39,648)	9,676	12,215	31,495	28,631	36,679	26,211	(33,852)	123,016	96,490
Provision (benefit) for income taxes	(584)	(2,653)	2,529	2,092	(1,447)	(1,795)	(45,726)	193	1,384	(48,775)	1,363
Income (loss) from continuing operations	(15,511)	(36,995)	7,147	10,123	32,942	30,426	82,405	26,018	(35,236)	171,791	95,127
Income (loss) from discontinued operations, net of income taxes	0	0	0	0	0	0	227,372	(10,126)	0	217,246	(48,956)
Consolidated net income (loss)	(15,511)	(36,995)	7,147	10,123	32,942	30,426	309,777	15,892	(35,236)	389,037	46,171
Less: Net loss attributable to noncontrolling interests from discontinued operations	0	0	0	0	0	0	(134)	(201)	0	(335)	(9,830)
Net income (loss) attributable to stockholders of Overstock.com, Inc.	$ (15,511)	$ (36,995)	$ 7,147	$ 10,123	$ 32,942	$ 30,426	$ 309,911	$ 16,093	$ (35,236)	$ 389,372	$ 56,001
Net income (loss) attributable to common shares—basic
Continuing operations	$ (0.34)	$ (0.81)	$ 0.12	$ 0.21	$ 0.69	$ 0.64	$ 1.73	$ 0.57	$ (0.83)	$ 3.60	$ 2.13
Discontinued operations	0	0	0	0	0	0	4.78	(0.23)	0	4.58	(0.88)
Total	(0.34)	(0.81)	0.12	0.21	0.69	0.64	6.51	0.34	(0.83)	8.18	1.25
Net income (loss) attributable to common shares—diluted
Continuing operations	(0.34)	(0.81)	0.12	0.21	0.68	0.63	1.72	0.56	(0.83)	3.57	2.12
Discontinued operations	0	0	0	0	0	0	4.75	(0.23)	0	4.54	(0.88)
Total	$ (0.34)	$ (0.81)	$ 0.12	$ 0.21	$ 0.68	$ 0.63	$ 6.47	$ 0.33	$ (0.83)	$ 8.11	$ 1.24
Weighted average shares of common stock outstanding:
Basic	45,420	45,708	43,072	43,052	43,016	43,014	43,009	42,885	44,323	42,981	41,217
Diluted	45,420	45,708	43,159	43,282	43,370	43,324	43,314	43,320	44,323	43,332	41,607

OSTK Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 371,263	$ 503,341
Restricted cash	194	25
Accounts receivable, net of allowance for credit losses of $3,223 and $2,429	17,693	21,190
Inventories	6,526	5,137
Prepaids and other current assets	18,833	22,097
Total current assets	414,509	551,790
Property and equipment, net	109,906	109,479
Deferred tax assets, net	41,439	40,035
Goodwill	6,160	6,160
Equity securities, including securities measured at fair value of $82,823 and $102,529	296,317	342,682
Operating lease right-of-use assets	7,460	12,584
Other long-term assets, net	2,755	3,236
Total assets	878,546	1,065,966
Current liabilities:
Accounts payable	75,130	102,293
Unearned revenue	44,480	59,387
Accrued liabilities	63,614	101,902
Operating lease liabilities, current	4,410	5,402
Other current liabilities	3,508	3,349
Total current liabilities	191,142	272,333
Long-term debt, net	34,476	37,984
Operating lease liabilities, non-current	3,626	7,960
Other long-term liabilities	3,476	3,303
Total liabilities	232,720	321,580
Stockholders' equity:
Common stock, $0.0001 par value, authorized shares - 100,000	5	4
Additional paid-in capital	982,718	960,544
Accumulated deficit	(173,829)	(136,590)
Accumulated other comprehensive loss	(522)	(537)
Treasury stock at cost - 6,151 and 3,602	(162,546)	(79,035)
Equity attributable to stockholders of Overstock.com, Inc.	645,826	744,386
Equity attributable to noncontrolling interests	0	0
Total stockholders' equity	645,826	744,386
Total liabilities and stockholders' equity	878,546	1,065,966
Series A-1
Stockholders' equity:
Preferred stock, $0.0001 par value, authorized shares - 5,000	0	0
Series B
Stockholders' equity:
Preferred stock, $0.0001 par value, authorized shares - 5,000	$ 0	$ 0