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Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $3.47 today, the market must believe free cash flow compounds -54.4%/yr for a decade (off $114M normalized FCF).
The market's -54.4% is more conservative than its 5-yr track record.
2-stage DCF · 0.03B shares · net debt -$27M
mean -124.4% · volatility σ 434% · implied rate exceeded in 2/4 yrs
Central path = implied -54.4%/yr growth; shaded band = ±1σ (434%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $66M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: -121%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 6-yr range · 65th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | 93.1 | 91.8 | 90.0 | 95.4 | 94.7 | 92.1 | 92.6 |
| Gross Profit | 6.9 | 8.2 | 10.0 | 4.6 | 5.3 | 7.9 | 7.4 |
| R&D | 0.7 | 0.7 | 0.5 | 0.3 | 0.6 | 0.5 | 0.6 |
| SG&A | 1.4 | 1.6 | 1.5 | 1.5 | 3.8 | 4.4 | 4.6 |
| Operating Income | -3.1 | -1.3 | 1.0 | -3.2 | -7.9 | -5.0 | -5.9 |
| Income Tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Net Income | -4.8 | -2.2 | 0.3 | -3.8 | -8.9 | -6.8 | -8.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on OPAD: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $567.8M 100.0% | $918.8M 100.0% | $1.31B 100.0% | $3.95B 100.0% | $2.07B 100.0% | $1.06B 100.0% | $1.08B 100.0% |
| Cost of Revenue | $525.8M 92.6% | $846.6M 92.1% | $1.24B 94.7% | $3.77B 95.4% | $1.86B 90.0% | $976.5M 91.8% | $1.00B 93.1% |
| Gross Profit | $42.0M 7.4% | $72.2M 7.9% | $70.2M 5.3% | $182.4M 4.6% | $207.8M 10.0% | $87.8M 8.2% | $74.4M 6.9% |
| Research & Development | $3.4M 0.6% | $4.5M 0.5% | $7.9M 0.6% | $12.1M 0.3% | $10.9M 0.5% | $7.3M 0.7% | $7.5M 0.7% |
| Selling, General & Admin | $26.2M 4.6% | $40.6M 4.4% | $50.1M 3.8% | $58.7M 1.5% | $30.3M 1.5% | $17.5M 1.6% | $15.1M 1.4% |
| Total Operating Expenses | $75.4M 13.3% | $118.2M 12.9% | $174.6M 13.3% | $309.7M 7.8% | $188.0M 9.1% | $101.5M 9.5% | $107.8M 10.0% |
| Operating Income | -$33.4M -5.9% | -$46.0M -5.0% | -$104.4M -7.9% | -$127.3M -3.2% | $19.8M 1.0% | -$13.8M -1.3% | -$33.4M -3.1% |
| Interest Expense | $13.4M 2.4% | $18.7M 2.0% | $18.9M 1.4% | $46.0M 1.2% | $15.8M 0.8% | $10.0M 0.9% | $18.3M 1.7% |
| Other Income (Expense), net | -$12.6M -2.2% | -$16.1M -1.8% | -$12.6M -1.0% | -$20.9M -0.5% | -$13.1M -0.6% | -$9.2M -0.9% | -$18.3M -1.7% |
| Pretax Income | -$45.9M -8.1% | -$62.1M -6.8% | -$117.1M -8.9% | -$148.3M -3.8% | $6.6M 0.3% | -$23.0M -2.2% | -$51.7M -4.8% |
| Income Tax Expense | $441K 0.1% | $31K 0.0% | $163K 0.0% | $359K 0.0% | $170K 0.0% | $163K 0.0% | $254K 0.0% |
| Net Income | -$46.4M -8.2% | -$62.2M -6.8% | -$117.2M -8.9% | -$148.6M -3.8% | $6.5M 0.3% | -$23.1M -2.2% | -$52.0M -4.8% |
| Per Share | |||||||
| EPS (Basic) | $-1.50 | $-2.27 | $-4.44 | $-9.09 | $0.82 | $-0.40 | $-0.90 |
| EPS (Diluted) | $-1.50 | $-2.27 | $-4.44 | $-9.09 | $0.68 | $-0.40 | $-0.90 |
| Weighted Avg Shares (Basic) | 31.0M | 27.4M | 26.4M | 16.3M | 7.9M | 57.9M | 57.8M |
| Weighted Avg Shares (Diluted) | 31.0M | 27.4M | 26.4M | 16.3M | 9.5M | 57.9M | 57.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 39 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
No trend data available for this metric.
Ranked against 240 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $161.8B | 167.1× | — | 14.9× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| XHG | $130.2B | — | — | 2536.8× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| PLD | $125.6B | 38.0× | — | 14.3× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| EQIX | $100.8B | 74.6× | 25.7× | 10.9× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $81.9B | 32.5× | 14.1× | 7.7× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $66.7B | 14.4× | — | 10.5× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $53.5B | 49.0× | — | 9.3× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $52.8B | 33.4× | — | 10.9× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| VTR | $41.7B | 162.4× | — | 7.1× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| CBRE | $41.2B | 36.2× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| IRM | $33.7B | 232.7× | 22.9× | 4.9× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $29.4B | 30.3× | 13.7× | 8.7× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| VICI | $25.8B | 9.2× | — | 6.4× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $19.1B | 18.5× | 21.6× | 6.8× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.6B | 133.3× | 37.9× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.5B | 26.0× | 11.5× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.6B | 28.3× | — | 6.1× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| JLL | $15.8B | 20.5× | 11.8× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | 0.1× | 615 |
| WY | $15.6B | 48.1× | 16.7× | 2.3× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.3× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| NLY | $15.1B | 7.3× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| HST | $15.1B | 19.9× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
| LAMR | $14.9B | 25.4× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 655 |
| OPAD | $108M | — | — | 0.2× | -38.2% | 7.4% | -8.2% | -121% | -121% | — | 37 |
Peers = companies sharing OPAD's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.