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Rocket Companies, Inc. Stock Research

RKT

8.13USD+0.34(+4.36%)Market Closed

Market Summary

USD8.13+0.34
Market Closed
4.36%

RKT Stock Price

RKT RSI Chart

RKT Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

23.51

Price/Sales (Trailing)

1.56

EV/EBITDA

0.29

Price/Free Cashflow

0.1

RKT Price/Sales (Trailing)

RKT Profitability

EBT Margin

106.06%

Return on Equity

0.55%

Return on Assets

0.23%

Free Cashflow Yield

983.16%

RKT Fundamentals

RKT Revenue

Revenue Y/Y

-157.05%

Revenue Q/Q

-605.13%

RKT Earnings

Earnings (TTM)

30.5M

Earnings Y/Y

-101.79%

Earnings Q/Q

-5.15%

Price Action

52 Week Range

5.9711.38
(Low)(High)

Last 7 days

1.6%

Last 30 days

-8.7%

Last 90 days

1.3%

Trailing 12 Months

-14.1%

RKT Financial Health

RKT Investor Care

Buy Backs (1Y)

13.54%

Diluted EPS (TTM)

-0.29

Peers (Alternatives to Rocket Companies)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.8T
385.1B
4.49% 18.85%
29.56
7.24
-0.24% -7.47%
2.5T
207.6B
7.79% 21.82%
35.69
11.87
7.81% -4.74%
1.6T
284.6B
15.17% 10.50%
27.07
5.57
5.28% -21.40%
1.2T
524.9B
15.37% 5.66%
290.64
2.38
9.87% -79.95%
MID-CAP
2.2B
9.8B
-4.62% -37.18%
-7.47
0.23
38.47% -57.37%
889.9M
257.0M
-5.06% -6.87%
-4.36
3.46
19.36% -403.67%
SMALL-CAP
1.6B
596.3M
-7.75% -62.41%
-0.89
2.66
-3.41% -3791.67%
1.6B
2.0B
-9.25% -16.29%
11.36
0.79
50.64% 26.23%
1.1B
508.3M
-1.59% -14.37%
-14.13
2.11
31.13% -147.30%
735.5M
1.1B
-1.40% -39.63%
25.5
0.67
-10.44% -101.73%
660.8M
401.7M
-23.93% -64.02%
-2.03
1.64
-13.79% -27.19%
413.3M
478.9M
-34.59% -82.58%
-0.13
0.86
-31.50% -634.70%
362.5M
60.1M
-31.11% -91.52%
-0.45
6.04
695.64% -10.68%
155.0M
-
-23.61% -70.35%
-0.64
15.11
478.23% 26.48%

Financials for Rocket Companies

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-100.0%6991,9083,1164,325
Gross Profit-24.7%4,1845,5596,503--
  S&GA Expenses-8.9%8269061,0261,1351,168
EBITDA-56.8%1,0332,3893,7114,675-
EBITDA Margin17.9%1.48*1.25*0.86*1.08*-
Earnings Before Taxes-199.3%-7367422,1033,4224,404
EBT Margin-3.8%1.06*1.10*0.79*1.02*-
Interest Expenses-6.5%184197205190-
Net Income-34.2%31.0046.001,1511,2202,197
Net Income Margin-89.0%0.07*0.60*0.04*0.06*-
Free Cahsflow-22.8%10,73013,90411,65810,134-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets5.6%21,20220,08222,60125,07725,248
    Cash Equivalents32.6%9587228269152,311
  Net PPE-2.5%267274274271260
Liabilities12.8%13,09311,60713,68916,30516,547
Shareholder's Equity-4.3%8,1098,4768,9118,7728,701
  Retained Earnings-6.5%281300316309306
  Additional Paid-In Capital6.7%295276242226241
Accumulated Depreciation2.7%616600582--
Shares Outstanding0.2%119119123--
Minority Interest-4.6%7,5347,8998,3538,2388,154
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-93.3%72610,82314,01211,77210,243
  Share Based Compensation-1.7%212216208193177
Cashflow From Investing-27.7%419579-789-251-407
Cashflow From Financing79.9%-2,572-12,823-14,708-12,587-10,388
  Buy Backs-56.4%78.00178354369332

Risks for RKT

What is the probability of a big loss on RKT?

99.3%


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

91.9%


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

58.8%


Probability that Rocket Companies 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 RKT drawdown profile look like?

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

Drawdowns

Returns for RKT

Cumulative Returns on RKT

Which funds bought or sold RKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
BROOKFIELD Corp /ON/
sold off
-100
-1,540,660
-
-%
2023-05-22
AMERIPRISE FINANCIAL INC
sold off
-100
-105,000
-
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
unchanged
-
215,000
949,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
7.84
288,060
1,016,060
-%
2023-05-17
Advisory Services Network, LLC
added
115
3,015
4,702
-%
2023-05-17
Westside Investment Management, Inc.
unchanged
-
3,991
14,626
-%
2023-05-17
Sunbelt Securities, Inc.
new
-
299
299
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
new
-
112,700
112,700
-%
2023-05-16
MERCER GLOBAL ADVISORS INC /ADV
reduced
-3.84
1,251,000
6,366,000
0.03%
2023-05-16
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
reduced
-59.52
-1,157,640
1,274,050
0.03%

1–10 of 39

Latest Funds Activity

Are funds buying RKT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RKT
No. of Funds

Rocket Companies News

MarketBeat
LPL Financial LLC Purchases 47709 Shares of Rocket Companies ....
MarketBeat,
85 minutes ago
InvestorPlace
InvestorPlace
The Motley Fool
Seattle PI

Schedule 13G FIlings of Rocket Companies

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
caledonia (private) investments pty ltd
8.70%
10,595,154
SC 13G/A
Feb 09, 2023
vanguard group inc
8.91%
10,856,327
SC 13G/A
Feb 02, 2023
invesco ltd.
5.0%
6,140,927
SC 13G/A
Feb 15, 2022
caledonia (private) investments pty ltd
6.89%
9,312,452
SC 13G
Feb 14, 2022
invesco ltd.
7.6%
10,298,814
SC 13G
May 10, 2021
invesco ltd.
4.1%
5,615,003
SC 13G/A
Feb 16, 2021
caledonia (private) investments pty ltd
8.29%
9,548,827
SC 13G
Feb 12, 2021
invesco ltd.
9.3%
10,692,985
SC 13G/A
Feb 10, 2021
blackrock inc.
4.8%
5,506,751
SC 13G/A
Feb 10, 2021
vanguard group inc
5.50%
6,343,101
SC 13G

RKT Fair Value

Show Fair-Value

Recent SEC filings of Rocket Companies

View All Filings
Date Filed Form Type Document
May 10, 2023
10-Q
Quarterly Report
May 04, 2023
8-K
Current Report
Apr 26, 2023
DEFA14A
DEFA14A
Apr 26, 2023
DEF 14A
DEF 14A
Apr 26, 2023
ARS
ARS
Mar 13, 2023
8-K
Current Report
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading

Latest Insider Trading transactions for RKT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-07
Farner Jay
sold (taxes)
-799,339
8.23
-97,125
chief executive officer
2023-03-07
Brown Brian Nicholas
sold (taxes)
-199,849
8.23
-24,283
chief fin. officer & treasurer
2023-03-03
Brown Brian Nicholas
acquired
-
-
260,417
chief fin. officer & treasurer
2023-03-03
Emerson William C.
acquired
-
-
694,444
-
2023-03-03
John Tina V.
acquired
-
-
202,546
general counsel & secretary
2023-03-03
Walters Robert D. Jr.
acquired
-
-
347,222
president & chief oper officer
2022-12-27
Rizik Matthew
bought
13,900
6.95
2,000
-
2022-12-23
Rizik Matthew
bought
21,170
7.3
2,900
-
2022-12-22
Rizik Matthew
bought
21,930
7.31
3,000
-
2022-12-21
Rizik Matthew
bought
21,308
7.61
2,800
-

1–10 of 50

Jay Farner
20000
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.

RKT Income Statement

2023-03-31
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Gain on sale of loans  
Gain on sale of loans excluding fair value of MSRs, net$ 265,003$ 687,170
Fair value of originated MSRs204,560796,616
Gain on sale of loans, net469,5631,483,786
Loan servicing (loss) income  
Servicing fee income366,385366,214
Change in fair value of MSRs(398,279)454,380
Loan servicing (loss) income, net(31,894)820,594
Interest income  
Interest income66,74490,540
Interest expense on funding facilities(29,060)(41,696)
Interest income, net37,68448,844
Other income190,715317,372
Total revenue, net666,0682,670,596
Expenses  
Salaries, commissions and team member benefits603,775853,915
General and administrative expenses195,390275,857
Marketing and advertising expenses181,604328,058
Depreciation and amortization30,68521,042
Interest and amortization expense on non-funding debt38,33338,664
Other expenses32,26890,603
Total expenses1,082,0551,608,139
(Loss) income before income taxes(415,987)1,062,457
Benefit from (provision for) income taxes4,504(25,849)
Net (loss) income(411,483)1,036,608
Net loss (income) attributable to non-controlling interest392,960(982,896)
Net (loss) income attributable to Rocket Companies$ (18,523)$ 53,712
(Loss) earnings per share of Class A common stock  
Basic (in dollars per share)$ (0.15)$ 0.44
Diluted (in dollars per share)$ (0.16)$ 0.40
Weighted average shares outstanding  
Basic (in shares)124,732,722122,691,728
Diluted (in shares)1,974,629,8081,975,379,132
Comprehensive income (loss)  
Net (loss) income$ (411,483)$ 1,036,608
Cumulative translation adjustment7588
Unrealized loss on investment securities(1,589)(1,495)
Comprehensive (loss) income(413,065)1,035,701
Comprehensive loss (income) attributable to non-controlling interest394,441(982,049)
Comprehensive (loss) income attributable to Rocket Companies$ (18,624)$ 53,652

RKT Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 893,383$ 722,293
Restricted cash64,30766,806
Mortgage loans held for sale, at fair value8,438,7147,343,475
Mortgage servicing rights (“MSRs”), at fair value6,669,9396,946,940
Notes receivable and due from affiliates8,07310,796
Property and equipment, net of accumulated depreciation and amortization of $486,940 and $463,262, respectively267,320274,192
Deferred tax asset, net541,248537,963
Lease right of use assets391,897366,189
Loans subject to repurchase right from Ginnie Mae1,626,5871,642,392
Goodwill and intangible assets, net1,253,3091,258,928
Other assets860,289799,159
Total assets21,202,27920,082,212
Liabilities  
Funding facilities5,236,0343,548,699
Other financing facilities and debt  
Senior Notes, net4,029,3394,027,970
Early buy out facility423,831672,882
Accounts payable135,039116,331
Lease liabilities448,331422,769
Forward commitments, at fair value87,91825,117
Investor reserves107,134110,147
Notes payable and due to affiliates30,45133,463
Tax receivable agreement liability577,996613,693
Loans subject to repurchase right from Ginnie Mae1,626,5871,642,392
Other liabilities390,274393,200
Total liabilities13,092,93411,606,663
Equity  
Additional paid-in capital294,718276,221
Retained earnings280,997300,394
Accumulated other comprehensive (loss) income(32)69
Non-controlling interest7,533,6427,898,845
Total equity8,109,3458,475,549
Total liabilities and equity21,202,27920,082,212
Class A common stock  
Equity  
Common stock11
Class B common stock  
Equity  
Common stock00
Class C common stock  
Equity  
Common stock00
Class D common stock  
Equity  
Common stock1919
IRLCs  
Assets  
Derivatives, at fair value182,11290,635
Forward commitments  
Assets  
Derivatives, at fair value$ 5,101$ 22,444