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Earnings transcript
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RH
Rh
$134.13
-12.39
(-8.46%)
| Exchange: | NYSE |
| Market Cap: | 2.54B |
| Shares Outstanding: | 4.404M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Specialty RetailView industry performance | |||||
| CEO: | Gary G. Friedman | |||||
| Full Time Employees: | 6870 | |||||
| Address: |
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| Website: | https://www.rh.com |
RH, along with its various associated businesses, functions as a prominent retailer specializing in home furnishings. Its extensive product portfolio spans categories such as furniture, lighting, textiles, bathware, decor, outdoor and garden essentials, and specialized furnishings for children and teens. The company reaches its clientele through diverse sales channels. These include its distinctive retail galleries, the curated ‘Source Books’ catalogs, and an extensive online presence via rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com. As of January 29, 2022, RH maintained a significant physical footprint, comprising 67 RH Galleries and 38 RH outlet stores spread across 30 U.S. states, the District of Columbia, and Canada. Furthermore, it managed 14 Waterworks showrooms throughout the United States and the United Kingdom. Historically, the enterprise was known as Restoration Hardware Holdings, Inc. before its rebranding to RH in January 2017. RH was founded in 2011 and its corporate headquarters are situated in Corte Madera, California.
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Revenue Segmentation
Revenue by type
RH full analysis
Hey everyone, welcome back to MarketSnap. RH stock has been absolutely crushed — down more than forty percent over the past year, and down almost thirty percent in just the last month. Social feeds are full of fear, and the short sellers are feeling pretty good about themselves right now. But before anyone panic-sells or blindly buys the dip, we're running RH through MarketSnap's fair value model to see where the numbers actually land. Is this a generational discount on…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,029,126 | 3,180,753 | 3,439,536 |
| Gross Profit | 1,389,019 | 1,414,932 | 1,515,757 |
| EBITDA | 523,585 | 453,284 | 540,816 |
| Operating Income | 363,179 | 367,755 | 387,268 |
| Net Income | 127,561 | 72,412 | 124,787 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,143,897 | 4,554,689 | 4,835,710 |
| Total Liabilities | 4,441,291 | 4,718,278 | 4,775,110 |
| Total Stockholders Equity | -297,394 | -163,589 | 60,600 |
| Total Debt | 3,716,368 | 3,937,889 | 1,423,921 |
| Cash and Cash Equivalents | 123,688 | 30,413 | 41,191 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 202,214 | 17,095 | 452,241 |
| Capital Expenditure | -269,356 | -230,788 | -199,843 |
| Free Cash Flow | -67,142 | -213,693 | 252,398 |
| Net Income | 127,561 | 72,412 | 124,787 |
| Net Change in Cash | -1,388,075 | -93,275 | 10,778 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,090,551.158 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 5,385,620.041 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 5,221,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,018,365.586 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,059,560.923 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,036,577.856 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 471,050.995 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 506,821.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 486,864.799 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 1,566,082.731 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,656,859.204 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,606,214.668 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 24.600 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 25.610 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 23.800 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: RH has demonstrated consistent revenue increases over recent years, as evidenced by income statement data, reflecting strong demand for its premium home furnishings and design services. This growth aligns with positive industry trends in the home improvement and luxury goods sectors.
- High Profit Margins: Key metrics indicate strong gross and net profit margins (grossProfitMarginTTM and netProfitMarginTTM), showcasing RH's ability to maintain profitability through premium pricing and operational efficiency compared to industry averages.
- Strong Brand Positioning: As highlighted in company profile data, RH operates in the specialty retail industry within the consumer cyclical sector, with a focus on high-end home furnishings. This niche positioning supports customer loyalty and pricing power.
- Positive Free Cash Flow: Cash flow statements reveal a healthy free cash flow (freeCashFlowYieldTTM), indicating RH's capacity to fund operations, reduce debt, or return value to shareholders without relying heavily on external financing.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates RH intrinsic value between $231.94 – $262.83 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about RH valuation
Is Rh (RH) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Rh (RH) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RH a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RH trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RH’s P/E ratio?
You can see RH’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RH?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RH a good long-term investment?
Whether RH fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RH
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Daily snapshot
-8.46
Trading Metrics:
| Open: | 145.08 | Previous Close: | 146.52 | |
| Day Low: | 133.78 | Day High: | 145.08 | |
| Year Low: | 106.3 | Year High: | 239.4 | |
| Price Avg 50: | 130.94 | Price Avg 200: | 152.85 | |
| Volume: | 944608 | Average Volume: | 810941 |
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