Beeline Holdings, Inc. (BLNE) vs loanDepot, Inc. (LDI)

Beeline Holdings, Inc. and loanDepot, Inc. are both Mortgage Finance companies. loanDepot, Inc. is the larger, with a market value of $223.8M against $33.5M — 6.7× the size. loanDepot, Inc. has negative trailing earnings, so its P/E is not meaningful; Beeline Holdings, Inc. trades at 0.4×. Beeline Holdings, Inc. grew revenue faster over the last twelve months: 142.3% against 11.4%. loanDepot, Inc. has the higher net margin (−5.52% vs −227.8%) and the higher return on invested capital (0.72% vs −26.2%). Across the 18 metrics below, Beeline Holdings, Inc. leads on 9 and loanDepot, Inc. on 9.

Valuation

Metric BLNE LDI Mortgage Finance median
P/E 0.41 n/m 7.11
P/S 2.75 0.12 1.54
P/B 0.55 0.47 0.53
Price to free cash flow n/m n/m 6.59
EV/EBITDA n/m 44.36 22.03
EV/Sales 3.14 4.64 5.95
Earnings yield 244.81% (44.78%) 2.09%
Free cash flow yield (62.97%) (164.78%) (16.97%)

Profitability

Metric BLNE LDI Mortgage Finance median
Gross margin 100.00% 87.54% 84.40%
Operating margin (202.06%) 5.49% 12.51%
Net margin (227.79%) (5.52%) (0.83%)
Free cash flow margin (173.13%) (20.34%) (45.06%)
Return on equity (43.69%) (17.97%) (1.16%)
Return on assets (35.23%) (1.08%) 0.38%
Return on invested capital (26.21%) 0.72% 0.36%

Growth

Metric BLNE LDI Mortgage Finance median
Revenue growth (TTM) 142.33% 11.44% 11.44%
EPS growth (last fiscal year) 95.22% 43.40% —
Revenue growth, 5-year CAGR (11.12%) (22.71%) (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BLNE LDI Mortgage Finance median
Debt to equity 0.00 17.94 1.22
Current ratio 1.07 1.11 1.38
Net debt to EBITDA 0.22 48.55 9.85

Dividend

Metric BLNE LDI Mortgage Finance median
Dividend yield — 18.71% 5.81%
Payout ratio 0.00 0.00 0.00

Size

Metric BLNE LDI Mortgage Finance median
Market cap 33.45m 223.82m 214.95m

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