CoStar Group Inc Stock Research

Market Summary

USD78.49+0.97

Market Closed

1.25%

CSGP Alerts

1 major insider sales recently.

CSGP Stock Price

CSGP RSI Chart

CSGP Valuation

Market Cap

31.7B

Price/Earnings (Trailing)

86.45

Price/Sales (Trailing)

14.1

EV/EBITDA

41.5

Price/Free Cashflow

75.55

CSGP Price/Sales (Trailing)

CSGP Profitability

EBT Margin

22.29%

Return on Equity

5.38%

Return on Assets

4.4%

Free Cashflow Yield

1.32%

CSGP Fundamentals

CSGP Revenue

Revenue (TTM)

2.3B

Revenue Y/Y

13.29%

Revenue Q/Q

1.92%

CSGP Earnings

Earnings (TTM)

367.3M

Earnings Y/Y

-2.45%

Earnings Q/Q

-29.94%

Price Action

52 Week Range

54.0285.37

(Low)(High)

Last 7 days

0.0%

Last 30 days

9.1%

Last 90 days

11.0%

Trailing 12 Months

32.2%

CSGP Financial Health

Current Ratio

13.92

CSGP Investor Care

Shares Dilution (1Y)

2.95%

Diluted EPS (TTM)

0.91

Peers (Alternatives to CoStar Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSGP	31.7B	2.3B	9.14%	32.20%	86.45	14.1	12.42%	19.37%
VRSK	31.4B	2.4B	14.12%	24.96%	62.2	13.22	-5.53%	-49.72%
EFX	25.8B	5.1B	6.04%	4.58%	44	5.1	-0.26%	-23.22%
NLSN	10.1B	3.5B	0.43%	43.61%	18.72	2.84	-17.23%	-31.38%
MID-CAP
RHI	7.3B	7.1B	-4.43%	-21.47%	11.89	1.02	3.81%	-6.79%
TNET	5.3B	4.9B	9.49%	15.55%	15.67	1.09	4.58%	-10.97%
KFRC	4.3B	1.7B	-1.47%	-6.99%	59.04	2.52	4.05%	-10.65%
MAN	4.2B	19.8B	-3.26%	-17.71%	11.14	0.21	-4.33%	-2.25%
ASGN	3.3B	4.6B	-9.61%	-27.74%	13.22	0.72	10.14%	-41.40%
CBZ	2.5B	1.5B	-1.95%	22.97%	20.99	1.71	23.32%	52.77%
SMALL-CAP
UPWK	1.0B	637.8M	-17.46%	-55.62%	-21.84	1.64	20.23%	34.40%
TBI	537.5M	2.2B	11.14%	-20.61%	11.32	0.25	-4.34%	-27.26%
RGP	523.5M	808.2M	8.65%	-11.04%	8.29	0.65	6.30%	-9.70%
HSII	502.7M	1.0B	2.74%	-25.81%	6.56	0.48	-5.38%	0.52%

Financials for CoStar Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	3.1%	2,251	2,182	2,116	2,058	2,002
Gross Profit	2.5%	1,813	1,768	1,725	1,683	1,638
Operating Expenses	7.7%	1,418	1,317	1,261	1,214	1,179
S&GA Expenses	12.0%	766	684	649	644	627
EBITDA	2.7%	654	637	611	598	-
EBITDA Margin	-0.5%	0.30*	0.30*	0.30*	0.30*	-
Earnings Before Taxes	-1.0%	481	486	460	446	432
EBT Margin	2.5%	0.22*	0.22*	0.22*	0.22*	-
Interest Expenses	1.6%	30.00	30.00	30.00	30.00	30.00
Net Income	-0.6%	367	369	338	330	308
Net Income Margin	6.0%	0.17*	0.16*	0.16*	0.15*	-
Free Cahsflow	7.5%	443	412	436	512	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.4%	8,517	8,402	8,206	7,421	7,357
Current Assets	2.2%	5,298	5,186	5,007	4,181	4,100
Cash Equivalents	1.8%	5,056	4,968	4,774	3,964	3,929
Net PPE	3.0%	331	321	306	298	284
Goodwill	0.1%	2,318	2,315	2,302	2,314	2,320
Liabilities	1.2%	1,551	1,532	1,499	1,536	1,560
Current Liabilities	7.6%	401	373	326	350	370
LT Debt, Non Current	0.0%	990	989	989	989	988
Shareholder's Equity	1.4%	6,966	6,870	6,707	5,884	5,797
Retained Earnings	-	1,830	-	-	-	-
Additional Paid-In Capital	-	5,066	-	-	-	-
Shares Outstanding	-0.5%	404	407	395	393	393

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-1.6%	471	479	444	462	513
Share Based Compensation	2.9%	77.00	75.00	71.00	69.00	66.00
Cashflow From Investing	-10.5%	-76.28	-69.06	-160	-154	-259
Cashflow From Financing	0.0%	734	734	733	-14.11	-12.89

Risks for CSGP

What is the probability of a big loss on CSGP?

58.1%

Probability that CoStar Group stock will be more than 20% underwater in next one year

18.1%

Probability that CoStar Group stock will be more than 30% underwater in next one year.

12.7%

Probability that CoStar Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CSGP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CoStar Group was unfortunately bought at previous high price.

Drawdowns

Returns for CSGP

Cumulative Returns on CSGP

21.3%

10-Year Cumulative Returns

21.0%

7-Year Cumulative Returns

15.6%

5-Year Cumulative Returns

5.7%

3-Year Cumulative Returns

What are the long-term rolling returns for CSGP?

FIve years rolling returns for CoStar Group.

Annualized Returns

Which funds bought or sold CSGP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Seaport Global Advisors, LLC	reduced	-27.5	-92,635	168,958	0.53%
2023-05-23	Toroso Investments, LLC	added	117	588,000	1,214,000	0.02%
2023-05-22	Raleigh Capital Management Inc.	reduced	-72.58	-14,483	4,682	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-15.91	-89,286,200	266,685,000	0.09%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-9.28	-19,456,700	81,986,000	0.13%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	593,000	0.03%
2023-05-18	JPMORGAN CHASE & CO	added	76.01	21,968,200	60,627,200	0.01%
2023-05-18	CENTAURUS FINANCIAL, INC.	added	0.74	-25,000	216,000	0.02%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-1.95	-5,567,000	38,447,000	0.05%
2023-05-18	COURIER CAPITAL LLC	unchanged	-	-25,416	207,583	0.02%

Latest Funds Activity

Are funds buying CSGP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CSGP

No. of Funds

CSGP Alerts

1 major insider sales recently.

CoStar Group News

Schedule 13G FIlings of CoStar Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	1.6%	6,678,381	SC 13G/A
Feb 09, 2023	vanguard group inc	11.01%	44,771,685	SC 13G/A
Jan 30, 2023	blackrock inc.	7.8%	31,629,923	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	6.9%	27,653,214	SC 13G/A
Feb 09, 2022	vanguard group inc	8.75%	34,552,931	SC 13G/A
Feb 01, 2022	blackrock inc.	6.1%	23,945,281	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	11.3%	4,458,648	SC 13G/A
Feb 12, 2021	bamco inc /ny/	4.62%	1,821,751	SC 13G/A
Feb 10, 2021	vanguard group inc	8.76%	3,454,187	SC 13G/A
Jan 29, 2021	blackrock inc.	8.9%	3,500,291	SC 13G/A

CSGP Fair Value

Recent SEC filings of CoStar Group

View All Filings

Date Filed	Form Type	Document
May 25, 2023	4	Insider Trading
May 12, 2023	PX14A6G	PX14A6G
May 05, 2023	4	Insider Trading
May 02, 2023	4	Insider Trading
Apr 28, 2023	144	Notice of Insider Sale Intent
Apr 27, 2023	ARS	ARS
Apr 27, 2023	DEF 14A	DEF 14A
Apr 27, 2023	DEFA14A	DEFA14A
Apr 26, 2023	10-Q	Quarterly Report
Apr 25, 2023	8-K	Current Report

Latest Insider Trading transactions for CSGP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-02	Wheeler Scott T	gifted	-	-	447	chief financial officer
2023-05-02	Wheeler Scott T	gifted	-	-	-5,051	chief financial officer
2023-04-28	FLORANCE ANDREW C	sold	-27,677,900	76.77	-360,530	president and ceo
2023-04-28	FLORANCE ANDREW C	acquired	6,590,490	18.28	360,530	president and ceo
2023-03-31	Hill John W	sold	-157,550	68.5	-2,300	-
2023-03-17	SIMURO FRANK	acquired	499,774	21.1859	23,590	chief technology officer
2023-03-15	DESMARAIS MICHAEL J	sold (taxes)	-149,440	67.62	-2,210	chief human resources officer
2023-03-15	Wheeler Scott T	sold (taxes)	-809,750	67.62	-11,975	chief financial officer

About CoStar Group

Andrew C. Florance

www.costargroup.com

4740

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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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. The company also provides Lease Comps and Analysis, 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 Analysis that provides market research, consulting and analysis, portfolio and debt analysis, and management and reporting services, as well as STAR Report that offers benchmarking and analytics services for the hospitality industry. 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. CoStar Group, Inc. was founded in 1987 and is headquartered in Washington, the District of Columbia.

CSGP Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues	$ 584,366	$ 515,825
Cost of revenues	119,196	95,479
Gross profit	465,170	420,346
Operating expenses:
Selling and marketing (excluding customer base amortization)	226,234	143,997
Software development	66,590	54,021
General and administrative	89,508	77,961
Customer base amortization	10,617	16,092
Total operating expenses	392,949	292,071
Income from operations	72,221	128,275
Interest income (expense), net	43,548	(7,718)
Other income, net	581	864
Income before income taxes	116,350	121,421
Income tax expense	29,219	32,103
Net income	$ 87,131	$ 89,318
Net income per share - basic (in USD per share)	$ 0.22	$ 0.23
Net income per share - diluted (in USD per share)	$ 0.21	$ 0.23
Weighted-average outstanding shares - basic (in shares)	404,490	392,895
Weighted-average outstanding shares - diluted (in shares)	406,157	394,234

CSGP Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 5,055,646	$ 4,967,970
Accounts receivable	196,655	166,140
Less: Allowance for credit losses	(14,897)	(12,195)
Accounts receivable, net	181,758	153,945
Prepaid expenses and other current assets	60,232	63,952
Total current assets	5,297,636	5,185,867
Deferred income taxes, net	9,722	9,722
Property and equipment, net	330,836	321,250
Lease right-of-use assets	76,174	80,392
Goodwill	2,318,133	2,314,759
Intangible assets, net	312,420	329,306
Deferred commission costs, net	152,929	142,482
Deposits and other assets	17,057	16,687
Income tax receivable	2,005	2,005
Total assets	8,516,912	8,402,470
Current liabilities:
Accounts payable	31,664	28,460
Accrued wages and commissions	89,352	104,988
Accrued expenses	86,669	89,113
Income taxes payable	39,481	10,438
Lease liabilities	36,050	36,049
Deferred revenue	117,805	103,567
Total current liabilities	401,021	372,615
Long-term debt, net	989,533	989,210
Deferred income taxes, net	73,359	76,202
Income taxes payable	15,295	14,001
Lease and other long-term liabilities	72,095	80,321
Total liabilities	1,551,303	1,532,349
Total stockholders' equity	6,965,609	6,870,121
Total liabilities and stockholders' equity	$ 8,516,912	$ 8,402,470