CoStar Group reported decent third-quarter results, as adjusted earnings per share and adjusted EBITDA of $0.18 and $229 million, respectively, exceeded our estimates, yet disheartening net new booking results were the focal point, sending shares down by a mid-single-digit percentage after hours.
Expanding the Apartments.com network to smaller property owners, a largely untapped market for the firm that represents roughly two-thirds of the total addressable market, could provide tremendous upside.
Large-scale data sharing arrangements between CRE brokers, lenders, and/or upstart data providers could disrupt the core CRE business.
|
Metric
|
CSGP
|
CBRE
|
EFX
|
|---|---|---|---|
Price/Earnings (Normalized) | 29.38 | 23.25 | 25.69 |
Price/Book Value | 1.63 | 4.05 | 4.61 |
Price/Sales | 3.60 | 0.80 | 3.20 |
Price/Cash Flow | 13.98 | 24.18 | 12.63 |
|
Metric
|
CSGP
|
CBRE
|
EFX
|
|---|---|---|---|
Quick Ratio | 2.06 | 1.06 | 0.89 |
Current Ratio | 2.21 | 1.17 | 1.09 |
Interest Coverage | — | 9.17 | 5.41 |
|
Metric
|
CSGP
|
CBRE
|
EFX
|
|---|---|---|---|
Return on Assets (Normalized) | 4.31% | 7.77% | 6.83% |
Return on Equity (Normalized) | 5.43% | 27.37% | 17.71% |
Return on Invested Capital (Normalized) | 4.38% | 12.99% | 9.93% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| CBRE Group Inc Class A
CBRE
| LOCK|y&d^VL | LOCK|&#FW! | $35B | |||
| KE Holdings Inc ADR
BEKE
| LOCK|&$@<rS | LOCK|rTT$# | $20B | |||
| Sumitomo Realty & Development Co Ltd
SURDF
| — | LOCK|vvr | $19B | |||
| Sumitomo Realty & Development Co Ltd ADR
SURYY
| — | LOCK|$h | $19B | |||
| Cellnex Telecom SA ADR
CLLNY
| — | LOCK|f?%v? | $19B | |||
| Cellnex Telecom SA
CLNXF
| — | LOCK|!t?Q | $19B | |||
| Swire Properties Ltd
SWPFF
| — | LOCK|vzR$ | $18B | |||
| Jones Lang LaSalle Inc
JLL
| LOCK|%zkjC?r | LOCK|F%>^ | $14B | |||
| Cushman & Wakefield Ltd
CWK
| LOCK|hcSwd>& | LOCK|?s | $3B |
United States