Saturday 17 October 2026
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Change Agents Corporation
CHGA Real Estate Real Estate Services
Change Agents Corporation’s revenue for fiscal 2024 (year ended December 2024) was $1.3 million, up 6.19% from fiscal 2023. In the quarter to June 2026, revenue grew 1.42%, EPS grew 97.8%, free cash flow grew 35.5% and total debt fell 85.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
1.57
0.14
−8.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 97.50 | 76.50 | 147.59 | 4,200.00 | 1,500.00 | 2,370.00 | 900.00 | 117.00 | 42.20 | 17.56 |
Analyst estimates 2026–2028 Powerpack |
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| High | 450.00 | 750.00 | 9,900.00 | 40,500.00 | 6,582.00 | 4,950.00 | 2,820.00 | 1,815.00 | 432.00 | 233.20 | |||||
| People | |||||||||||||||
| People | Employees | 3 | 13 | 10 | 8 | 8 | 6 | 6 | 5 | 5 | 2 | ||||
| Revenue/emp, $m | 0.21 | 0.08 | 0.16 | 0.19 | 0.17 | 0.23 | 0.20 | 0.25 | 0.27 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | — | ||||
| Gross margin, % | 88.16 | 23.00 | 24.84 | 21.98 | 28.32 | 29.80 | 22.68 | 18.97 | 20.08 | — | |||||
| EBT | 0 | (4) | (8) | (18) | (13) | (9) | (12) | (17) | (7) | (18) | |||||
| EBT margin, % | 12.57 | (375.80) | (515.41) | (1,168.61) | (920.26) | (653.52) | (992.42) | (1,330.49) | (527.94) | 0.00 | |||||
| Net income | 0 | (4) | (8) | (18) | (13) | (9) | (12) | (17) | (7) | (18) | |||||
| Depreciation | 0 | 0 | 1 | 1 | 0 | 0 | 4 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 36.05 | 49.66 | 65.10 | 61.61 | 51.99 | 49.15 | 38.66 | 35.77 | 28.49 | 0.00 | ||||
| Earnings | 2.84 | (149.93) | (329.84) | (719.64) | (479.76) | (329.84) | (378.94) | (476.76) | (157.40) | (112.80) | |||||
| Cash flow | 0.82 | (61.74) | (183.17) | (282.07) | (284.76) | (177.54) | (226.28) | (185.32) | (99.75) | (28.54) | |||||
| Capex | (0.02) | (42.85) | (21.03) | (15.69) | (4.20) | (0.98) | (0.05) | (0.63) | 0.00 | 0.00 | |||||
| Free cash flow | 0.80 | (104.59) | (204.20) | (297.76) | (288.95) | (178.53) | (226.33) | (185.95) | (99.75) | (28.54) | |||||
| Book value | 207.38 | 336.81 | 468.92 | 177.89 | 155.35 | 108.99 | 358.81 | 209.94 | 151.77 | 57.51 | |||||
| Shares, m | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 115.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | ||||
| P/S | 0.00 | 7.55 | 126.74 | 93.99 | 64.62 | 50.05 | 43.46 | 3.94 | 2.29 | — | |||||
| P/B | 1.81 | 1.11 | 17.59 | 32.55 | 21.63 | 22.57 | 24.20 | 0.00 | 0.00 | — | |||||
| EV/Sales | 0.00 | 6.63 | 125.90 | 95.60 | 66.75 | 51.83 | 45.61 | 10.77 | 5.57 | — | |||||
| EV/FCF | 258.82 | (5.13) | (40.13) | (19.78) | (11.55) | (13.96) | (7.79) | (2.07) | (1.58) | — | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 0 | (1) | (4) | (7) | (8) | (5) | (7) | (7) | (5) | (5) | ||||
| Capex | 0 | (1) | (1) | 0 | 0 | 0 | 0 | 0 | — | — | |||||
| Free cash flow | 0 | (2) | (5) | (7) | (8) | (5) | (7) | (7) | (5) | (5) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 4 | (2) | 2 | (1) | (1) | (3) | (1) | (6) | (11) | (13) | ||||
| Total debt | 0 | 2 | 1 | 3 | 4 | 3 | 5 | 9 | 5 | 4 | |||||
| Net debt | (3) | (1) | (1) | 3 | 3 | 2 | 3 | 9 | 3 | 3 | |||||
| Shareholders’ equity | 4 | 7 | 11 | 4 | 4 | 3 | 11 | 7 | 7 | 9 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 2.91 | (42.31) | (59.65) | (151.30) | (121.59) | (88.22) | (79.55) | (82.84) | (38.03) | (81.55) | ||||
| ROIC | 6.35 | (38.37) | (47.98) | (173.80) | (110.30) | (99.15) | (39.99) | (61.77) | (31.30) | (38.67) | |||||
| ROE | 3.15 | (63.83) | (83.76) | (229.91) | (295.49) | (252.47) | (455.09) | 319.07 | 54.45 | 104.28 | |||||
Negative figures in brackets.
Fiscal years to Dec 2024 · latest quarter Sep 2025
Charts ten years each
Change Agents Corporation vs peers in Real Estate Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| OPAD Offerpad Solutions Inc. | $13.1M | — (loss-making) | — (loss-making) | −51.56% (below 0%: shrinking) | n/m | −90.90% (below 0%: shrinking) | 9.17% | (10.61%) | Compare |
| GYRO Gyrodyne , LLC | $10.1M | — (loss-making) | — | −90.33% (below 0%: shrinking) | n/m | +6.58% (above 0%: growing) | 0.00% | 0.00% | Compare |
| FTHM Fathom Holdings Inc. | $6.7M | — (loss-making) | — (loss-making) | −5.61% (below 0%: shrinking) | n/m | +27.57% (above 0%: growing) | 8.73% | (3.79%) | Compare |
| AIRE reAlpha Tech Corp. | $6.3M | — (loss-making) | — (loss-making) | −11.35% (below 0%: shrinking) | n/m | −0.80% (below 0%: shrinking) | 66.01% | (260.75%) | Compare |
| OMH Ohmyhome Limited | $5.8M | — | — | — | — | +88.25% (above 0%: growing) | — | — | Compare |
| GBR New Concept Energy, Inc | $3.6M | — (loss-making) | — (loss-making) | +2.50% (above 0%: growing) | n/m | −160.87% (below 0%: shrinking) | 100.00% | (246.34%) | Compare |
| CHGA Change Agents Corporation | $1.9M | 0.1× | — (loss-making) | +1.42% (above 0%: growing) | n/m | +35.51% (above 0%: growing) | 33.05% | 0.00% | |
| UK Ucommune International Ltd. | $1.3M | — (loss-making) | — | −5.32% (below 0%: shrinking) | n/m | +81.88% (above 0%: growing) | (0.66%) | 0.00% | Compare |
| LRHC La Rosa Holdings Corp. | $510.0K | — (loss-making) | — | −25.60% (below 0%: shrinking) | n/m | −120.92% (below 0%: shrinking) | 11.50% | (11.09%) | Compare |
| Median of peers | $6.0M | — | — | −11.35% | — | +2.89% | 9.17% | (10.61%) |
Change Agents Corporation (CHGA) key facts
- Strength: Change Agents Corporation’s revenue for fiscal 2024 (year ended December 2024) was $1.3 million, up 6.19% from fiscal 2023.
- Change Agents Corporation (CHGA) is a Real Estate Services company in the Real Estate sector, listed on Nasdaq.
- As of October 16, 2026, CHGA traded at $1.57, a market capitalization of $1.9 million.
- Return on equity was 104.3% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 for fiscal 2024.