Jim Cramer - Mad Money eXp World Holdings EXPI-Q PARTIAL SELL Feb 05, 2021

Many felt that real estate had peaked. That chart is bad. Down here, you're okay, but the current $4.9 billion valuation is too high for a company that doesn't have anything that special.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EXPI is now trading at 30x times' Forward P/E. In the 4Q, EXPI’s revenue declined -9% to $933M, missing the estimates of $1.06B and EPS was -$0.04 also missing estimates of -$0.01. Amid a challenging macro backdrop, we think these results are not too bad. 
The company has been growing and repurchasing shares more aggressively recently, also paying dividends. 
These are supported by strong cash flow in the trailing twelve months of $210M, which declined -12% compared to $247M last year.EXPI’s operational performance depends largely on the health of the real estate market, we think the recovery could be strong EXPI if interest rates stop rising. 
There is still a lot of risk here, but the worst is likely over. 
There is also small cap risk, but the company does have $120M net cash. 
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