eXp World Holdings,
Inc. (OTCQB: EXPI) is the holding company for eXp Realty LLC, a fully
cloud-based U.S. real estate brokerage company. Due to its cloud-based
environment, EXPI is able to run with significantly lower costs thanks to the
lack of brick and mortar locations and redundant staffing costs. eXp World
Holdings, Inc. offers its brokerage agents a number of opportunities not found
within other companies. These include services such as training, education,
coaching, technical support, and much more. All of these services also run
online, giving agents the opportunity to take part or use them whenever it best
suits them.
This year, eXp
Realty LLC was ranked among the top 50 real estate brokerages in the U.S. based
on agent count. At the beginning of 2016, EXPI reached over 1,000 agents.
Today, the company has over 1,100 agents, and this count is still growing.
EXPI’s revenue has grown significantly over the past five years, with a CAGR
(compound annual growth rate) increase of 53% between 2011 and 2015. On April
12, 2016, Fundamental Research Corp. initiated coverage on eXp World Holdings,
Inc.
Research done by
Fundamental Research Corp. (FRC) is being used by some of the largest investors
in the world. FRC’s research is detailed, of high ethical standards and
provides a mound of information to a wide spread audience. In short, FRC is a
research firm that markets its findings in order to educate people on a variety
of companies. In April, FRC gave EXPI a BUY equity rating with a fair value
estimate of $3.35 per share. The report goes into detail about the estate
brokerage industry, the real estate industry, the housing market and the need
for real estate brokers.
In addition to this
information, FRC goes into detail about eXp World Holdings as a company and
shares information about how EXPI works through a cloud-based environment.
Unlike other real estate brokerage companies, EXPI’s virtual system also
includes a number of other features enabling agents to continue their personal growth
and interact with one another on a daily basis. This cloud-based system has
enabled EXPI to grow from a few agents in Washington and Arizona to thousands
across 35 states of the U.S. and Alberta, Canada.
Despite Fundamental
Research Corp. only giving eXp World Holdings, Inc. a “Speculative” Risk Rating
due to the fact that the company is new in nature and still in the growth
phase, EXPI has grown enormously since its foundation in 2009. Although the
real estate brokerage industry is extremely competitive, EXPI has established
itself strongly and aims to grow to over 1,800 agents by the end of 2016 and to
over 3,500 agents by the end of 2017. Since the beginning, eXp World Holdings,
Inc. has generated positive free cash flows and has maintained a healthy
balance sheet with no debt. In addition to this, gross profits for EXPI grew
from $0.79 million in 2011 to $3.41 million in 2015.
For more
information, visit the company’s website at http://investors.exprealty.com
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