Costar Group, Inc.
CSGP
Services-Business Services, NEC
Mkt Cap
$33.77BPE
114.76Debt
$1BCash
$4.952BEV
$29.82BFCF
$27.4MP/E Ratio
114.76Debt
$1BCash
$4.952BEV
$29.82BFCF
$27.4MCharts data: {"Earnings":[{"time":"2014-12-30","value":44869000},{"time":"2015-12-30","value":-3465000},{"time":"2016-12-30","value":85071000},{"time":"2017-12-30","value":122695000},{"time":"2018-12-30","value":238334000},{"time":"2019-12-30","value":314963000},{"time":"2020-12-30","value":227128000},{"time":"2021-12-30","value":292564000},{"time":"2022-12-30","value":369453000},{"time":"2023-12-30","value":374700000}],"Sales":[{"time":"2014-12-30","value":575936000},{"time":"2015-12-30","value":711764000},{"time":"2016-12-30","value":837630000},{"time":"2017-12-30","value":965230000},{"time":"2018-12-30","value":1191832000},{"time":"2019-12-30","value":1399719000},{"time":"2020-12-30","value":1659019000},{"time":"2021-12-30","value":1944135000},{"time":"2022-12-30","value":2182399000},{"time":"2023-12-30","value":2455000000}],"Net Margins":[{"time":"2014-12-30","value":0.07790622569174353},{"time":"2015-12-30","value":-0.004868186646135517},{"time":"2016-12-30","value":0.10156154865513413},{"time":"2017-12-30","value":0.12711478093304188},{"time":"2018-12-30","value":0.1999728149604978},{"time":"2019-12-30","value":0.2250187359034206},{"time":"2020-12-30","value":0.13690500229352406},{"time":"2021-12-30","value":0.15048543439627393},{"time":"2022-12-30","value":0.1692875592410004},{"time":"2023-12-30","value":0.15262729124236252}],"Assets":[{"time":"2014-12-30","value":2083682000},{"time":"2015-12-30","value":2079571000},{"time":"2016-12-30","value":2185063000},{"time":"2017-12-30","value":2873441000},{"time":"2018-12-30","value":3312957000},{"time":"2019-12-30","value":3853986000},{"time":"2020-12-30","value":6915420000},{"time":"2021-12-30","value":7256871000},{"time":"2022-12-30","value":8402470000},{"time":"2023-12-30","value":8919700000}],"Stockholders Equity":[{"time":"2014-12-30","value":1513546000},{"time":"2015-12-30","value":1543780000},{"time":"2016-12-30","value":1654213000},{"time":"2017-12-30","value":2651250000},{"time":"2018-12-30","value":3021942000},{"time":"2019-12-30","value":3405593000},{"time":"2020-12-30","value":5375359000},{"time":"2021-12-30","value":5711672000},{"time":"2022-12-30","value":6870121000},{"time":"2023-12-30","value":7338600000}],"ROE":[{"time":"2014-12-30","value":0.02964495297797358},{"time":"2015-12-30","value":-0.002244490795320577},{"time":"2016-12-30","value":0.05142687187200198},{"time":"2017-12-30","value":0.04627817067421028},{"time":"2018-12-30","value":0.07886782737722961},{"time":"2019-12-30","value":0.09248404022441907},{"time":"2020-12-30","value":0.042253549948942946},{"time":"2021-12-30","value":0.05122212900180543},{"time":"2022-12-30","value":0.053776782097433216},{"time":"2023-12-30","value":0.051058785054370046}],"ROA":[{"time":"2014-12-30","value":0.07258785169713997},{"time":"2015-12-30","value":0.04327190559976072},{"time":"2016-12-30","value":0.06712758396439827},{"time":"2017-12-30","value":0.06057963257293259},{"time":"2018-12-30","value":0.08663408550126066},{"time":"2019-12-30","value":0.10221858615988745},{"time":"2020-12-30","value":0.04233640183821084},{"time":"2021-12-30","value":0.05957622782601482},{"time":"2022-12-30","value":0.05789452387214712},{"time":"2023-12-30","value":0.05620144175252531}]}
CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. It also provides Leasing, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.
Sector
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DCF
Discounted Cash Flow Valuation of Costar Group, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $27.4M | $30.84M | $34.46M | $38.21M | $42.04M | $45.91M | $49.75M | $53.49M | $57.07M | $60.4M | $63.42M | $634.2M |
| DCF | $26.82M | $26.05M | $25.12M | $24.04M | $22.83M | $21.51M | $20.11M | $18.66M | $17.17M | $15.68M | $156.8M | |
| Value | $374.7M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 34%
Earnings Stability 64%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -0.49% | 10% | 13% | 20% | 23% | 14% | 15% | 17% | 15% | 12% |
| ROA | 4.3% | 6.7% | 6.1% | 8.7% | 10% | 4.2% | 6% | 5.8% | 5.6% | 4.4% |
| ROE | -0.22% | 5.1% | 4.6% | 7.9% | 9.2% | 4.2% | 5.1% | 5.4% | 5.1% | 4% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +17.24%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -1.12%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +6.75%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.77%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +6.16%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -0.7%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 4.00 | 2.14 | 0.00 | 0.01 | 0.32 | 2.28 | 2.89 | 2.26 | 2.69 | 36.50 |
| Debt Equity | 0.25 | 0.23 | 0.00 | 0.00 | 0.04 | 0.19 | 0.18 | 0.15 | 0.14 | 0.14 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 36.50.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.56.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 17% | 16% | 14% | 12% | -1% |
| Net Income | 24% | 9.5% | 18% | 1.4% | -9.6% |
| Stockholders Equity | 24% | 19% | 11% | 6.8% | -0.092% |
| FCF | 11% | 4% | -5.3% | -16% | -4.7% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +15.55%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -1.03%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +9.47%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -9.56%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +19.42%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -0.09%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +4%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -4.69%.