BFS
Saul Centers, Inc.
BFS's fundamentals are mixed, but it looks expensive: trading at 31x earnings, above its usual 25x.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
BFS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
BFS's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like BFS.
OPEN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.
BFS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $19.44 | -32% |
| Fair | 24x | $22.51 | -21% |
| Current | 31x | $28.44 | — |
| Expensive | 33x | $30.25 | +6.4% |
Historical ranges are pointers, not guarantees.
BFS's PE is in its expensive range at 31x.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
BFS Forward outlook
There aren't enough analyst estimates for BFS to show an outlook.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect OPEN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
BFS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.92 | -21% |
| Q2 2026 | $0.97 | -27% |
| Q1 2026 | $1.06 | -28% |
| Q4 2025 | $1.09 | -33% |
| Q3 2025 | $1.16 | -37% |
| Q2 2025 | $1.32 | -26% |
| Q1 2025 | $1.47 | -15% |
| Q4 2024 | $1.63 | -5.8% |
BFS has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.
OPEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.00 | -$1.56 |
| Q2 2026 | -$1.89 | -$1.46 |
| Q1 2026 | -$1.76 | -$1.24 |
| Q4 2025 | -$1.70 | -$1.14 |
| Q3 2025 | -$0.44 | +$0.09 |
| Q2 2025 | -$0.43 | +$0.15 |
| Q1 2025 | -$0.52 | -$0.10 |
| Q4 2024 | -$0.56 | -$0.14 |
OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.
BFS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $78.4M | +8.9% |
| Q2 2026 | $76.8M | +8.4% |
| Q1 2026 | $78.3M | +8.9% |
| Q4 2025 | $75.1M | +11% |
| Q3 2025 | $72M | +7% |
| Q2 2025 | $70.8M | +5.8% |
| Q1 2025 | $71.9M | +7.7% |
| Q4 2024 | $67.9M | +1.9% |
BFS has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 68% | -1.5 points |
| Q2 2026 | 68% | -1 points |
| Q1 2026 | 66% | -0.5 points |
| Q4 2025 | 65% | +50 points |
| Q3 2025 | 69% | +40 points |
| Q2 2025 | 69% | +40 points |
| Q1 2025 | 66% | +39 points |
| Q4 2024 | 15% | -11 points |
BFS has the edge over OPEN on profitability, with a higher operating margin.
OPEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +12% |
| Q2 2026 | $883M | -44% |
| Q1 2026 | $720M | -38% |
| Q4 2025 | $736M | -32% |
| Q3 2025 | $915M | -34% |
| Q2 2025 | $1.6B | +3.7% |
| Q1 2025 | $1.2B | -2.4% |
| Q4 2024 | $1.1B | +25% |
OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | -11 points |
| Q2 2026 | -16% | -16 points |
| Q1 2026 | -22% | -17 points |
| Q4 2025 | -20% | -12 points |
| Q3 2025 | -7.4% | -2.6 points |
| Q2 2025 | -0.8% | +3.9 points |
| Q1 2025 | -4.9% | +2.5 points |
| Q4 2024 | -8.7% | +4.6 points |
OPEN's operating margin was −18% last quarter, down 11 points from the same quarter a year ago.
BFS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $14M | -32% |
| Q2 2026 | $30.8M | +16% |
| Q1 2026 | $29.3M | -3.6% |
| Q4 2025 | $22.2M | -23% |
| Q3 2025 | $20.6M | +$49M |
| Q2 2025 | $26.6M | +$39.1M |
| Q1 2025 | $30.4M | +$42.1M |
| Q4 2024 | $28.8M | -12% |
BFS has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$836M | -294% |
| Q2 2026 | -$723M | -188% |
| Q1 2026 | -$250M | +$33M |
| Q4 2025 | $67M | +$150M |
| Q3 2025 | $432M | +671% |
| Q2 2025 | $821M | +$1.2B |
| Q1 2025 | -$283M | -$97M |
| Q4 2024 | -$83M | +$468M |
OPEN's free cash flow was −$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.
BFS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +50K shares |
| 1 year | +1% | +237K shares |
| 3 years | +1.7% | +417K shares |
| 5 years | +3.3% | +783K shares |
| Available history | +6.2% | +1.4M shares |
BFS has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
OPEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -16.3M shares |
| 1 year | +30% | +220M shares |
| 3 years | +42% | +282M shares |
| 5 years | +61% | +361M shares |
| Available history | +1042% | +866M shares |
OPEN has 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
BFS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.0x | High |
| Q2 2026 | 6.0x | High |
| Q1 2026 | 6.1x | High |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 7.4x | High |
| Q2 2025 | 8.6x | High |
| Q1 2025 | 10.3x | High |
| Q4 2024 | 3.8x | Elevated |
BFS's net debt is about 6.0 years of its operating earnings (EBITDA), down from 7.4 years a year ago. Net leverage isn't a meaningful measure for real estate companies like BFS.
OPEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 337.2x | High |
OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.
BFS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.7 | Oversold |
| Stochastic | 5.0 | Oversold |
BFS's weekly RSI is 29 (oversold) and its Stochastic is 5 (oversold).
OPEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.6 | Oversold |
| Stochastic | 1.2 | Oversold |
OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (oversold).
BFS PE vs Real Estate Sector
| Metric | BFS | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 29% above |
| PE % | 75 | 23 | 52 pts above |
BFS is trading at 31x earnings, a 29% premium to the Real Estate sector's median of 24x.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
BFS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.4 | 3.2% below |
| 20 week MA | $32.3 | 12% below |
| 50 week MA | $33.1 | 14% below |
| 100 week MA | $33.5 | 15% below |
| 200 week MA | $35.7 | 20% below |
BFS is in a downtrend: it's below all five of its weekly moving averages, and 20% below its 200-week average.
OPEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.97 | 37% below |
| 20 week MA | $3.00 | 59% below |
| 50 week MA | $4.37 | 72% below |
| 100 week MA | $3.74 | 67% below |
| 200 week MA | $3.13 | 60% below |
OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
BFS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.3 | $32.3 | -37% |
| 2021 | $32.3 | $52.0 | +61% |
| 2022 | $52.0 | $40.7 | -22% |
| 2023 | $40.7 | $39.3 | -3.6% |
| 2024 | $39.3 | $38.4 | -2.3% |
| 2025 | $38.4 | $31.6 | -18% |
| 2026 YTD | $31.6 | $28.4 | -9.9% |
BFS has the edge over OPEN on returns for 2026, with the stronger performance.
OPEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $27.4 | +150% |
| 2021 | $27.4 | $14.9 | -46% |
| 2022 | $14.9 | $1.02 | -93% |
| 2023 | $1.02 | $4.48 | +339% |
| 2024 | $4.48 | $1.67 | -63% |
| 2025 | $1.67 | $6.01 | +260% |
| 2026 YTD | $6.01 | $1.24 | -79% |
OPEN's yearly returns have swung widely, from +339% in 2023 to −93% in 2022. It's down 79% so far in 2026.