Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Enterprise Value to FCFF (EV/FCFF)

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Free Cash Flow to The Firm (FCFF)

CoStar Group Inc., FCFF calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income 369,453 292,564 227,128 314,963 238,334
Net noncash charges 314,695 331,909 272,864 229,768 178,427
Changes in operating assets and liabilities, net of acquisitions (205,528) (154,742) (13,886) (86,951) (81,303)
Net cash provided by operating activities 478,620 469,731 486,106 457,780 335,458
Interest paid, net of tax1 22,745 22,820 4,986 1,610 1,193
Proceeds from sale of property and equipment and other assets 30,097 612
Purchases of property and equipment and other assets (58,574) (65,220) (48,347) (46,197) (29,632)
Free cash flow to the firm (FCFF) 472,888 427,943 442,745 413,193 307,019

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the CoStar Group Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. CoStar Group Inc. FCFF decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Interest Paid, Net of Tax

CoStar Group Inc., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Effective Income Tax Rate (EITR)
EITR1 24.05% 27.58% 16.18% 19.44% 16.08%
Interest Paid, Net of Tax
Interest paid, before tax 29,947 31,510 5,948 1,998 1,421
Less: Interest paid, tax2 7,202 8,690 962 388 228
Interest paid, net of tax 22,745 22,820 4,986 1,610 1,193

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 See details »

2 2022 Calculation
Interest paid, tax = Interest paid × EITR
= 29,947 × 24.05% = 7,202


Enterprise Value to FCFF Ratio, Current

CoStar Group Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 30,476,681
Free cash flow to the firm (FCFF) 472,888
Valuation Ratio
EV/FCFF 64.45
Benchmarks
EV/FCFF, Industry
Industrials 30.86

Based on: 10-K (reporting date: 2022-12-31).

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

CoStar Group Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 25,361,735 18,292,660 30,185,814 23,931,971 15,576,296
Free cash flow to the firm (FCFF)2 472,888 427,943 442,745 413,193 307,019
Valuation Ratio
EV/FCFF3 53.63 42.75 68.18 57.92 50.73
Benchmarks
EV/FCFF, Industry
Industrials 24.88 28.41 72.49 31.28

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 See details »

2 See details »

3 2022 Calculation
EV/FCFF = EV ÷ FCFF
= 25,361,735 ÷ 472,888 = 53.63

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. CoStar Group Inc. EV/FCFF ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.