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NMS · Valuation Lab
CSGP
CoStar Group, Inc.
Last$30.21
Market cap12.2B
EV/EBITDA30.8x
Intrinsic value
$51.80
MoS +41.7% · Undervalued
Assuming 11.6% FCF margin and 18.4% Y1–5 growth.
Upside to price
EV (DCF)20.9B
Terminal share70%
Expected IV$55.47
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 70% of EV
PV of stage FCFs6.3B
PV of terminal value14.6B
Enterprise value20.9B
Net cash / (debt)111M
Equity value21B
Intrinsic value / share$51.80
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 4.2B | 488.4M | 454.1M | 93.0% |
| Y2 | 5B | 578.3M | 499.9M | 86.5% |
| Y3 | 5.9B | 684.7M | 550.4M | 80.4% |
| Y4 | 7B | 810.6M | 605.9M | 74.7% |
| Y5 | 8.3B | 959.8M | 667M | 69.5% |
| Y6 | 9B | 1B | 677.2M | 64.6% |
| Y7 | 9.9B | 1.1B | 687.6M | 60.1% |
| Y8 | 10.8B | 1.2B | 698.2M | 55.9% |
| Y9 | 11.8B | 1.4B | 708.9M | 51.9% |
| Y10 | 12.8B | 1.5B | 719.8M | 48.3% |
| Terminal | — | — | 14.6B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.