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Last update at 2025-02-04T17:35:00Z
Real Matters Reports First Quarter Financial Results
Thu 30 Jan 25, 11:45 AMTSX Stocks That May Be Trading Below Estimated Value In October 2024
Fri 04 Oct 24, 12:09 PM3 TSX Stocks Trading Up To 27.3% Below Intrinsic Value Estimates
Wed 02 Oct 24, 12:10 PMCalculating The Intrinsic Value Of Real Matters Inc. (TSE:REAL)
Tue 09 Jan 24, 07:57 PMReal Matters to Hold Virtual Annual General Meeting on February 8, 2024
Mon 08 Jan 24, 01:30 PMIs Now An Opportune Moment To Examine Real Matters Inc. (TSE:REAL)?
Sun 24 Dec 23, 02:22 PMThese Analysts Think Real Matters Inc.'s (TSE:REAL) Earnings Are Under Threat
Thu 23 Nov 23, 10:09 AMHere's Why We're Not Too Worried About Real Matters' (TSE:REAL) Cash Burn Situation
Mon 20 Nov 23, 03:10 PMReal Matters Reports Fourth Quarter and Fiscal 2023 Financial Results
Fri 17 Nov 23, 11:45 AM| Breakdown | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Income before tax | -9.14500M | -12.34900M | 46.12M | 61.46M | 14.30M |
| Minority interest | 0.02M | -0.00700M | -0.08800M | 3.21M | 3.98M |
| Net income | -6.17300M | -9.26500M | 32.99M | 41.99M | 8.96M |
| Selling general administrative | 2.59M | 2.71M | 3.03M | 2.90M | 2.60M |
| Selling and marketing expenses | - | 0.71M | 0.48M | 0.69M | 0.87M |
| Gross profit | 7.97M | 22.66M | 78.50M | 89.62M | 46.31M |
| Reconciled depreciation | 3.88M | 4.53M | 5.04M | 4.45M | 10.17M |
| Ebit | - | 1.38M | 51.86M | 65.89M | 17.88M |
| Ebitda | - | 5.91M | 56.91M | 70.35M | 28.05M |
| Depreciation and amortization | - | 4.53M | 5.04M | 4.45M | 10.17M |
| Non operating income net other | - | - | - | - | - |
| Operating income | -7.61300M | 1.38M | 51.86M | 65.89M | 17.88M |
| Other operating expenses | - | 338.33M | 452.36M | 390.57M | 305.55M |
| Interest expense | 0.21M | 0.26M | 0.39M | 0.41M | 0.10M |
| Tax provision | -2.94900M | -3.08400M | 13.04M | 18.67M | 4.21M |
| Interest income | 0.82M | 5.85M | 5.55M | 3.91M | 1.49M |
| Net interest income | 0.62M | -0.13000M | -0.27900M | 0.12M | 0.80M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | - | -3.08400M | 13.04M | 18.67M | 4.21M |
| Total revenue | 163.91M | 339.64M | 504.11M | 455.94M | 322.54M |
| Total operating expenses | 171.53M | 21.35M | 26.75M | 24.25M | 29.33M |
| Cost of revenue | 155.94M | 316.98M | 425.61M | 366.33M | 276.22M |
| Total other income expense net | -2.15100M | -13.73100M | -5.74500M | -4.43100M | -3.57400M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -6.19600M | -9.26500M | 33.08M | 42.80M | 10.09M |
| Net income applicable to common shares | - | -9.27200M | 32.99M | 41.99M | 8.96M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Total assets | 128.74M | 137.00M | 194.34M | 249.72M | 203.08M |
| Intangible assets | 4.00M | 4.99M | 6.23M | 7.93M | 9.65M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | 2.63M | 1.14M | 3.27M | 2.38M |
| Total liab | 17.16M | 22.00M | 34.79M | 37.51M | 28.92M |
| Total stockholder equity | 111.58M | 114.89M | 159.44M | 209.00M | 170.18M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | - | 4.27M | 4.29M | 6.60M | 2.75M |
| Common stock | - | 227.28M | 246.38M | 262.65M | 253.84M |
| Capital stock | 228.45M | 227.28M | 246.38M | 262.65M | 253.84M |
| Retained earnings | -120.95200M | -114.77700M | -94.18500M | -51.53600M | -81.34600M |
| Other liab | - | - | 0.65M | 3.53M | 6.83M |
| Good will | 43.18M | 43.18M | 60.48M | 60.48M | 60.48M |
| Other assets | - | 12.13M | 7.46M | 8.36M | 19.52M |
| Cash | 42.34M | 46.14M | 60.21M | 129.16M | 71.68M |
| Cash and equivalents | - | 23.82M | 24.37M | 52.45M | 71.68M |
| Total current liabilities | 14.22M | 17.69M | 27.81M | 27.38M | 22.09M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | - | -40.28200M | -52.17000M | -121.25200M | -71.67000M |
| Short term debt | - | 1.55M | 1.72M | 1.30M | 0.01000M |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | - | 5.86M | 8.04M | 7.90M | 0.01000M |
| Other stockholder equity | - | 13.34M | 12.21M | 7.71M | 6.39M |
| Property plant equipment | - | 6.96M | 11.09M | 11.35M | 3.63M |
| Total current assets | 61.32M | 69.73M | 109.09M | 161.61M | 109.80M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | 66.72M | 92.74M | 140.60M | 100.05M |
| Short term investments | - | 0.56M | - | - | - |
| Net receivables | 14.19M | 20.96M | 46.29M | 30.66M | 36.59M |
| Long term debt | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts payable | 9.35M | 11.87M | 21.80M | 19.48M | 19.33M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | -10.95300M | -4.95500M | -9.82700M | -8.70600M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 262.65M | 253.84M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 0.81M | - | - | 0.03M | 0.11M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 67.42M | 67.27M | 85.25M | 88.12M | 93.29M |
| Capital lease obligations | 4.10M | 5.86M | 8.04M | 7.90M | 0.01000M |
| Long term debt total | - | 4.31M | 6.33M | 6.60M | 0.00000M |
| Breakdown | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Investments | -0.79900M | -1.08000M | -2.87800M | -1.82800M | -1.93000M |
| Change to liabilities | - | -9.82600M | 0.64M | 0.14M | 9.74M |
| Total cashflows from investing activities | - | -1.08000M | -2.87800M | -1.82800M | -1.93000M |
| Net borrowings | - | -1.45000M | 0.10M | -1.16700M | -0.17200M |
| Total cash from financing activities | -0.44500M | -30.42400M | -94.05000M | -15.19700M | -18.96300M |
| Change to operating activities | - | -0.07300M | -1.71700M | 2.29M | 0.65M |
| Net income | -6.17300M | -9.26500M | 33.08M | 42.80M | 10.09M |
| Change in cash | -3.80100M | -14.07100M | -68.94300M | 57.48M | 3.63M |
| Begin period cash flow | 46.14M | 60.21M | 129.16M | 71.68M | 68.05M |
| End period cash flow | 42.34M | 46.14M | 60.21M | 129.16M | 71.68M |
| Total cash from operating activities | -2.56400M | 17.57M | 25.02M | 74.69M | 25.64M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 3.88M | 4.53M | 5.04M | 4.45M | 10.17M |
| Other cashflows from investing activities | - | -0.19200M | -1.64500M | -0.18900M | -0.18900M |
| Dividends paid | - | - | - | - | - |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | 26.75M | -15.36000M | 5.93M | -12.51600M |
| Sale purchase of stock | -0.01100M | -28.74100M | -97.79500M | -16.96100M | -20.20500M |
| Other cashflows from financing activities | - | 0.05M | 5.29M | 3.12M | 1.41M |
| Change to netincome | - | 5.46M | 3.42M | 19.88M | 8.64M |
| Capital expenditures | 1.03M | 1.18M | 3.02M | 1.83M | 2.06M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 0.64M | 16.85M | -16.43800M | 8.60M | -2.15900M |
| Stock based compensation | 1.38M | 1.53M | 2.41M | 2.42M | 1.82M |
| Other non cash items | 0.28M | 7.00M | -12.11200M | -2.25100M | 1.51M |
| Free cash flow | -3.59400M | 16.39M | 22.00M | 72.86M | 23.58M |
Sector: Real Estate Industry: Real Estate Services
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| REAL Real Matters Inc |
0.12 2.00% | 6.11 | 187.50 | 33.00 | 3.25 | 3.45 | 2.07 | 76.01 |
| FSV FirstService Corp |
-1.92 0.73% | 261.48 | 78.12 | 33.67 | 2.38 | 7.35 | 1.99 | 21.75 |
| CIGI Colliers International Group Inc Bats |
1.03 0.51% | 203.77 | 47.88 | 21.83 | 2.39 | 6.26 | 2.22 | 16.44 |
| AIF Altus Group Limited |
0.32 0.54% | 59.70 | 217.73 | 33.44 | 3.34 | 4.21 | 3.73 | 27.93 |
| MEQ Mainstreet Equity Corp. |
8.81 4.55% | 202.51 | 15.13 | 25.00 | 7.98 | 1.36 | 14.72 | 13.34 |
Real Matters Inc. operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand. The company also provides services required to close a mortgage transaction, including title search, curative, closing and escrow services, and title policy issuance. In addition, it offers access to its software platforms to other title insurance agencies and mortgage lenders for a subscription fee. The company was formerly known as Solidifi Inc. and changed its name to Real Matters Inc. in July 2010. Real Matters Inc. was incorporated in 2004 and is headquartered in Markham, Canada.
50 Minthorn Boulevard, Markham, ON, Canada, L3T 7X8
| Name | Title | Year Born |
|---|---|---|
| Mr. Jason Smith | Founder & Exec. Chairman | 1975 |
| Mr. Brian Lang | CEO & Director | 1969 |
| Mr. William P. M. Herman | Exec. VP & CFO | NA |
| Mr. Loren Cooke | Exec. VP & Pres of Solidifi U.S. Inc. | NA |
| Mr. Ryan Smith | Exec. VP & CTO | NA |
| Ms. Lyne Beauregard Fisher | VP of Investor Relations & Corp. Communications | NA |
| Mr. Jay Greenspoon | Gen. Counsel & Corp. Sec. | NA |
| Ms. Kim Montgomery | Exec. VP | NA |
| Ms. Colleen McCafferty | Chief Compliance Officer of Solidifi U.S. | NA |
| Mr. Jason Smith | Founder & Chairman | 1975 |
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