Zillow Group Stock Fair Value – Zillow Group Reports 49.9% Decrease in Total Revenue for Second Quarter of FY2023
August 14, 2023
🌥️Earnings Overview
For the second quarter of FY2023, ZILLOW GROUP ($NASDAQ:ZG) reported total revenue of USD 506.0 million, a drop of 49.9% compared to the same period in the previous year. This resulted in a net income of USD -35.0 million, in contrast to a net income of USD 8.0 million in the prior year.
Analysis – Zillow Group Stock Fair Value
GoodWhale has undertaken a financial analysis of ZILLOW GROUP. Our proprietary Valuation Line has calculated the fair value of ZILLOW GROUP shares to be around $66.7. Currently, the stock is trading at $53.0, which is 20.5% lower than its calculated fair value. This means that the stock is undervalued in the market, and presents a good opportunity for investors to buy the stock at a discounted price. Our research indicates that ZILLOW GROUP’s future prospects are quite promising, which could lead to an appreciation of its stock price in the long run. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zillow Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.89k | -182 | -8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zillow Group. More…
| Operations | Investing | Financing |
| 442 | -515 | -542 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zillow Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.62k | 2.13k | 19.28 |
Key Ratios Snapshot
Some of the financial key ratios for Zillow Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -19.2% | 41.2% | -7.2% |
| FCF Margin | ROE | ROA |
| 15.3% | -1.9% | -1.3% |
Peers
Founded in 2006, Zillow Group Inc operates the largest real estate and home-related marketplaces in the United States. The company’s mission is to empower consumers with information and tools to make better decisions about homes, real estate, and mortgages. Zillow Group Inc is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol Z. BCW Group Holding Inc, Baltic Classifieds Group PLC, and Hemnet Group AB are all leading competitors of Zillow Group Inc in the online real estate database market.
– BCW Group Holding Inc ($LSE:BCG)
Baltic Classifieds Group PLC is a classified ads company that operates in the Baltics, Russia, and other countries in Eastern Europe. It has a market cap of 698.23M as of 2022 and a return on equity of 1.31%. The company was founded in 2006 and is headquartered in Riga, Latvia.
– Baltic Classifieds Group PLC ($OTCPK:HMNTY)
Hemnet Group AB is a Swedish real estate company. The company operates in the online real estate market in Sweden. It offers a platform for buying and selling homes and apartments. The company also offers a range of other services, such as home financing, home insurance, and home moving services. Hemnet Group AB was founded in 2002 and is headquartered in Stockholm, Sweden.
Summary
ZILLOW GROUP’s second quarter of FY 2023 financials showed a 49.9% decrease in total revenue to USD 506 million and a net income of USD -35 million – a stark decrease from the same period last year. With new initiatives, such as virtual home tours, ramping up, it may be worthwhile for investors to keep an eye on ZILLOW GROUP and consider if it might be a good investment opportunity.
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