Added to YB: 2026-05-04
Pitch date: 2026-04-29
CSGP [bullish]
CoStar Group, Inc.
+2.86%
current return
Author Info
No bio for this author
Company Info
CoStar Group, Inc. provides information, analytics, and online marketplace services to real estate and related business communities in the United States, Australia, Canada, Europe, the Asia Pacific, and Latin America.
Market Cap
$15.1B
Pitch Price
$33.76
Price Target
101.75 (+194%)
Dividend
N/A
EV/EBITDA
59.05
P/E
2.1K
EV/Sales
4.51
Sector
Real Estate Management and Development
Category
value
CoStar Group: The Cash Machine the Market Refuses to See
CSGP: Dominant CRE data platform (59 qtrs double-digit growth, 89% renewal) trades $35 vs $47-48 commercial floor (Suite+Apartments.com alone). Look-through FCF $945M ($550M Homes.com drag normalizing to breakeven by 2029). Q1: 23% rev growth, EBITDA doubled YoY, $505M buyback in 1Q (5% mkt cap annualized). Founder bought 55,720 shares at $44.52. Richmond campus capex cliff ($307M→~$0 2027). Market prices 1.5% FCF CAGR; model: 21% 10yr. Homes.com risk contained (zero credit in base). 18.2% IRR
Read full article (31 min)