Opendoor: A Huge Value Opportunity For A Contrarian Investor


  • Opendoor Technologies is a disruptive technology company which aims to automate the house buying process.
  • In the third quarter of 2022, the company beat revenue growth estimates but missed on earnings.
  • Its stock is undervalued intrinsically and relative to historic multiples.

House with for sale sign

Jaskaran Kooner

Opendoor (NASDAQ:OPEN) is on a mission to automate the home buying process and take market share in the fragmented real estate market, worth an estimated $2.3 trillion per year. Since its IPO in 2020, the company has

Data by YCharts

Opendoor process

Opendoor process (Investor Presentation)

Opendoor data

Opendoor data (Investor presentation)

Opendoor 2

Opendoor 2 (Investor Presentation)

Homes Sold

Homes Sold (Q3,22 report)

Mortgage Rate Opendoor

Mortgage Rate Opendoor (Q3,22 report)

Homes acquired

Homes acquired (Q3,22 report)

Data by YCharts

Opendoor stock valuation 1

Opendoor stock valuation 1 (created by author Ben at Motivation 2 invest)

Opendoor stock valuation 2

Opendoor stock valuation 2 (created by author Ben at Motivation 2 Invest)

Data by YCharts

Disclosure: I/we have a beneficial long position in the shares of Z either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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