Offerpad Solutions Inc.

OPAD

Real EstateReal Estate - ServicesNYSE

$0.62

Market Cap: $19.17M

Offerpad Solutions Inc. (OPAD) Valuation Summary

Updated Apr 6, 2026 22:27

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$33.39 – $153.49	$66.94	+9342.1%
Revenue DCF 10Y	$21.45 – $89.61	$41.21	+5713.3%
▸ Trading Multiples
EV/Revenue	$22.47 – $103.56	$130.06	+18247.4%

Valuation History

DCF Analysis

Offerpad Solutions Inc. (OPAD) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$41.21

Market Price

$0.62

Upside / Downside

+6562.9%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -5.9% to a target of 28.5% over 5 years, discounted at a WACC of 7.6%, Offerpad Solutions Inc. (OPAD) has an intrinsic value of $41.21 per share (range: $21.45 – $89.61).

Key Assumptions

Current Operating Margin

-5.9%

Target Operating Margin

28.5%

WACC

7.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.3%

Target CapEx/Rev

6.0%

D&A/Revenue

0.1%

Tax Rate

2.6%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	527	-7.2%	1.0%	5	5	1	(5)	41	-40	-38
2027	696	32.1%	7.9%	55	53	1	(10)	45	-1	-1
2028	696	0.1%	14.7%	103	100	1	(14)	0	87	72
2029	626	-10.0%	21.6%	135	132	1	(16)	-19	135	105
2030	564	-10.0%	28.5%	161	157	1	(18)	-17	156	112
2031	507	-10.0%	28.5%	145	141	1	(19)	-15	138	92
2032	457	-10.0%	28.5%	130	127	1	(20)	-14	121	75
2033	411	-10.0%	28.5%	117	114	1	(20)	-12	107	62
2034	381	-7.2%	28.5%	109	106	0	(21)	-8	94	50
2035	373	-2.1%	28.5%	106	104	0	(22)	-2	84	42

Enterprise Value Bridge

Sum of PV(FCFF)571

Terminal Value (Gordon Growth at 3.0%)1,878

PV of Terminal Value937

Enterprise Value1,507

(–) Net Debt-27

Equity Value1,534

(÷) Shares Outstanding37

Fair Value per Share$41.21

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	22.5%	25.5%	28.5%	31.5%	34.5%
5.6%	$52	$62	$71	$80	$90
6.6%	$38	$45	$52	$59	$66
7.6%	$30	$36	$41	$47	$52
8.6%	$25	$30	$34	$39	$43
9.6%	$21	$25	$29	$33	$37

Current price: $0.62. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 26.8% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Offerpad Solutions Inc. (OPAD) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$66.94

Market Price

$0.62

Upside / Downside

+10723.0%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-5.9%

Target Operating Margin

28.5%

WACC

7.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.3%

Target CapEx/Rev

6.0%

D&A/Revenue

0.1%

Tax Rate

2.6%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	527	-7.2%	1.0%	5	5	1	(8)	41	-43	-41
2027	696	32.1%	7.9%	55	53	1	(18)	45	-9	-8
2028	696	0.1%	14.7%	103	100	1	(26)	0	75	62
2029	626	-10.0%	21.6%	135	132	1	(30)	-19	121	94
2030	564	-10.0%	28.5%	161	157	1	(34)	-17	140	101

Enterprise Value Bridge

Sum of PV(FCFF)207

Terminal Value (Gordon Growth at 3.0%)3,139

PV of Terminal Value2,258

Enterprise Value2,465

(–) Net Debt-27

Equity Value2,492

(÷) Shares Outstanding37

Fair Value per Share$66.94

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	22.5%	25.5%	28.5%	31.5%	34.5%
5.6%	$94	$109	$124	$139	$153
6.6%	$66	$77	$87	$98	$109
7.6%	$50	$59	$67	$75	$84
8.6%	$40	$47	$54	$61	$67
9.6%	$33	$39	$45	$50	$56

Current price: $0.62. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 26.8% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$130.06

Market Price

$0.62

Upside / Downside

+20929.1%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Offerpad Solutions Inc. (OPAD) has a fair value of $130.06 based on 6 comparable companies in the Real Estate - Services industry.

EV/Revenue Valuation — Real Estate - Services

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Offerpad Solutions Inc.OPAD	23	-0.0x	-0.0x
Comstock Inc.LODE	128	91.2x	67.0x
Star HoldingsSTHO	103	2.9x	—
J.W. Mays, Inc.MAYS	80	4.7x	—
Altisource Portfolio Solutions S.A.ASPS	78	1.4x	1.4x
Sachem Capital Corp.SACH	50	6.7x	14.9x
Fathom Holdings Inc.FTHM	22	0.1x	0.1x
Industry Median		3.8x	8.1x
(*) Revenue		568	919
= Enterprise Value		2,167	7,463
(-) Net Debt		-27	-27
Equity Value		2,193	7,490
(/) Outstanding shares		37	37
Fair Price		$59	$201

Selected Fair Value (avg of trailing + forward)

$130.06

+20929.1%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$33.39 – $153.49

$66.94

+9342.1%

Revenue DCF 10Y

$21.45 – $89.61

$41.21

+5713.3%

▸ Trading Multiples

EV/Revenue

$22.47 – $103.56

$130.06

+18247.4%

DCF Analysis

Offerpad Solutions Inc. (OPAD) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$41.21

Market Price

$0.62

Upside / Downside

+6562.9%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-5.9%

Target Operating Margin

28.5%

WACC

7.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.3%

Target CapEx/Rev

6.0%

D&A/Revenue

0.1%

Tax Rate

2.6%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	527	-7.2%	1.0%	5	5	1	(5)	41	-40	-38
2027	696	32.1%	7.9%	55	53	1	(10)	45	-1	-1
2028	696	0.1%	14.7%	103	100	1	(14)	0	87	72
2029	626	-10.0%	21.6%	135	132	1	(16)	-19	135	105
2030	564	-10.0%	28.5%	161	157	1	(18)	-17	156	112
2031	507	-10.0%	28.5%	145	141	1	(19)	-15	138	92
2032	457	-10.0%	28.5%	130	127	1	(20)	-14	121	75
2033	411	-10.0%	28.5%	117	114	1	(20)	-12	107	62
2034	381	-7.2%	28.5%	109	106	0	(21)	-8	94	50
2035	373	-2.1%	28.5%	106	104	0	(22)	-2	84	42

Enterprise Value Bridge

Sum of PV(FCFF)571

Terminal Value (Gordon Growth at 3.0%)1,878

PV of Terminal Value937

Enterprise Value1,507

(–) Net Debt-27

Equity Value1,534

(÷) Shares Outstanding37

Fair Value per Share$41.21

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	22.5%	25.5%	28.5%	31.5%	34.5%
5.6%	$52	$62	$71	$80	$90
6.6%	$38	$45	$52	$59	$66
7.6%	$30	$36	$41	$47	$52
8.6%	$25	$30	$34	$39	$43
9.6%	$21	$25	$29	$33	$37

Current price: $0.62. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 26.8% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$130.06

Market Price

$0.62

Upside / Downside

+20929.1%

Verdict

Undervalued

EV/Revenue Valuation — Real Estate - Services

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Offerpad Solutions Inc.OPAD	23	-0.0x	-0.0x
Comstock Inc.LODE	128	91.2x	67.0x
Star HoldingsSTHO	103	2.9x	—
J.W. Mays, Inc.MAYS	80	4.7x	—
Altisource Portfolio Solutions S.A.ASPS	78	1.4x	1.4x
Sachem Capital Corp.SACH	50	6.7x	14.9x
Fathom Holdings Inc.FTHM	22	0.1x	0.1x
Industry Median		3.8x	8.1x
(*) Revenue		568	919
= Enterprise Value		2,167	7,463
(-) Net Debt		-27	-27
Equity Value		2,193	7,490
(/) Outstanding shares		37	37
Fair Price		$59	$201

Selected Fair Value (avg of trailing + forward)

$130.06

+20929.1%