Zillow Group, Inc. (ZG) – In the complicated housing market, ZG shows improvement

Zillow Group, Inc. (ZG) (Q2FY23)

Stock performance: Zillow Group stock price showed a downward trend in the past 3-month period and gave (8%) return. The price surged by 52% in the past 1-year. The stock has a 52-week high of $55.68 and a 52-week low of $26.21.

Quarter Performance: In Q2FY23, revenue increased 0.40% to $506mn as compared to $504mn in Q2FY22 due to higher contribution of residential as compared to other segment. In the six-month period, revenue fell 6% to $975mn from $1.04bn in the prior period.

Highlights

The housing market has stabilized but hasn’t shown a significant rebound. Transaction numbers are low due to higher mortgage rates, causing a gap between seller expectations and buyer affordability. Zillow foresees future opportunities in home transactions, but current activity is far from its potential.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 29

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