Zillow Group（Z）株式概要
ジロー・グループは、消費者をテクノロジー、エージェント、ローン担当者、デジタル・ソリューションでつなぐ不動産アプリケーションとウェブサイトを米国で運営している。 詳細
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Zillow Group, Inc. 競合他社
価格と性能
| 過去の株価 | |
|---|---|
| 現在の株価 | US$36.75 |
| 52週高値 | US$93.88 |
| 52週安値 | US$34.70 |
| ベータ | 2.04 |
| 1ヶ月の変化 | -20.40% |
| 3ヶ月変化 | -19.16% |
| 1年変化 | -43.49% |
| 3年間の変化 | -18.86% |
| 5年間の変化 | -68.14% |
| IPOからの変化 | 32.48% |
最新ニュース
Recent updates
Seeking Alpha • Apr 05
Zillow: Tide Shifting In Its Favor (Rating Upgrade)
Summary Zillow is upgraded to buy, as recent legal and strategic developments signal a positive inflection point for the stock. Z benefits from Compass dropping its lawsuit, reinforcing Z's dominant position in real estate search and weakening traditional brokerage threats. Z trades at an attractive 11.4x FY26 EV/EBITDA, with a $1.25B buyback (13% of market cap) underscoring management's confidence. Risks remain from a slow housing market and Premier Agent dependence, but these are priced in and offset by legal wins and monetization potential. Read the full article on Seeking AlphaSeeking Alpha • Feb 12
Zillow: Buy The Dip And Wait For The Housing Market To Recover
Summary Zillow shares dropped after a buoyant Q4 earnings print, owing to a perceived weak Q1 outlook. I reiterate my buy rating and encourage buying the dip. The company has a track record for guiding conservatively, exceeding even the high end of its range over the past several quarters. The company has also reminded us that we're in a real estate cyclical trough, with very low housing turnover (~3%) versus historical averages of 4.2%. In a normalized cycle, the company expects to be able to generate $5 billion in revenue and a 45% adjusted EBITDA margin, well above what Zillow is producing today. Read the full article on Seeking AlphaSeeking Alpha • Jan 31
Zillow: Swimming Against The Tide
Summary A combination of high house prices and mortgage rates continues to depress the housing market. Despite tough conditions, Zillow continues to thrive, with growth being driven by market share gains and improved monetization of traffic. The balance of supply and demand is beginning to shift, which should eventually benefit Zillow. A recession is possible in the short-term though. Read the full article on Seeking AlphaSeeking Alpha • Nov 12
Zillow: The Real Estate Drought Is Nearly Over, And This Company Is A Big Winner
Summary Zillow's stock has surged nearly 50% since earlier this year, driven by strong Q3 earnings and significant improvements in revenue and market share. The company's technology platform, including Enhanced Markets and Follow-Up Boss CRM, has increased Zillow's wallet share and user engagement. Zillow's diverse revenue streams, including rentals and mortgage origination, provide insulation from real estate market cycles and additional growth opportunities. Despite potential risks, Zillow's continued innovation and market expansion support a bullish outlook, with expectations of double-digit growth in Q4. Read the full article on Seeking AlphaSeeking Alpha • Oct 22
Zillow's Path To Sustainable Growth Amid Economic Headwinds
Summary Expanding B2C offerings and confidence from management to continue acquisitions leads to opportunities for revolutionizing aspects of digital real estate. Channeling buying volume from high-traffic areas is a crucial hedge to economic risks presented by NAR to their user base. Investors are already factoring in a recent focus on diversifying to Zillow Home Loans, making its stock less cyclical over the next forecast period. Even with negative operating cash flows, this is more than easily offset by financing long-term home mortgages outright that are becoming essential to their residential segment of the top line. Read the full article on Seeking AlphaSeeking Alpha • Oct 10
Zillow: Growing Profits, One Listing At A Time
Summary Zillow's adjusted EBITDA margin is expected to expand to 23% this year and potentially reach 25% by 2025. Assuming a 12% topline growth next year, Zillow's EBITDA could hit $650 million, making its stock priced at 22x forward EBITDA. This valuation presents a fair entry point for new investors, though it's not the most attractive investment currently available. Overall, Zillow's moderate revenue growth and expanding EBITDA margins offer a reasonably attractive investment opportunity. Read the full article on Seeking AlphaSeeking Alpha • Aug 08
Zillow: Set To Benefit From Industry Changes As Revenue And EBITDA Expand
Summary Shares of Zillow popped more than 15% after reporting strong Q2 results. The company saw a continued sequential recovery in the residential business, while multifamily properties drove yet another quarter of acceleration in Zillow Rentals. New U.S. real estate industry rules will take impact in August, which will favor more buyers who forego agents and conduct home research themselves on platforms like Zillow. Zillow remains down ~13% year to date, presenting a buying opportunity for patient long-term investors. Read the full article on Seeking AlphaSeeking Alpha • Jul 15
Let's Zoom In On Zillow
Summary Zillow Group, Inc. shares have rebounded 25% since May 30, 2024, due to lower mortgage rates and positive non-GAAP earnings. However, the company, known for its online real estate services, has not been profitable on a GAAP basis since 2012. Zillow's revenue is broken down into Residential, Rentals, Mortgages, and Other categories, with a current focus on its Super App for real estate transactions. Can the rally in the shares continue? An analysis follows in the paragraphs below. Read the full article on Seeking AlphaSeeking Alpha • Jun 05
Zillow: Surging Rentals Helps To Affirm The Bull Case For This Housing Super App
Summary Zillow's shares have dropped over 25% this year, creating an opportunistic buying window for longer-term investors. Zillow's Rentals business is growing at over 30% year-over-year and addresses a $25 billion TAM. This is helping to pad slower growth in other areas of the business. We shouldn't ignore the fact that prior-year comps are also getting easier, however, and Zillow's Residential arm is seeing growth re-accelerate. Adjusted EBITDA is also growing at a +20% y/y clip. Read the full article on Seeking AlphaSeeking Alpha • May 02
Zillow: Post-Earnings Sell-Off Has Created An Attractive Opportunity
Summary Zillow reported its Q1 FY24 earnings, where revenue and earnings grew 13% and 20% YoY respectively, beating expectations. Although management expects a deceleration, Zillow continues to innovate on its robust growth pillars to attract high intent buyers and convert effectively in its Residential segment. I am also optimistic about Zillow’s focus on driving growth in the Multifamily Rentals space, as the whole category is growing the fastest among all segments. Although macroeconomic uncertainty remains a concern, I believe Zillow is well positioned to drive growth in the Residential and Rentals segment, while maintaining strong operating margins. Read the full article on Seeking AlphaSeeking Alpha • Mar 21
Zillow: Buy The Dip After The NAR Ruling
Summary The NAR ruling on brokerage commissions has negatively impacted real estate stocks, including Zillow. However, Zillow has the potential to rebound as more home shoppers turn to a DIY approach and rely on the platform for their real estate needs. Zillow's broad portfolio of platforms, multiple routes to monetization, and strong Q4 results make it a promising long-term investment. Recent results show both a return to growth and a dramatic outperformance versus the broader real estate industry. Read the full article on Seeking AlphaSeeking Alpha • Feb 14
Zillow Earnings: Balancing Promises And Valuation
Summary Zillow's Q4 results showed promising growth in residential revenue and success in the rental and mortgage markets. The company's near-term prospects appear positive, but it faces challenges in navigating the evolving regulatory landscape and operational complexities. Zillow's revenue growth rates for 2024 are projected to reach 10% CAGR, but the stock's valuation at 29x forward EBITDA is considered high. Read the full article on Seeking AlphaSeeking Alpha • Aug 27
Zillow: Ignore Short-Term Bearishness
Summary Shares of Zillow have suffered a precipitous ~50% decline year to date, with losses intensifying after the company reported disappointing Q2 results. While core IMT revenues are declining due to softening real estate transactions, Zillow is still growing traffic. Real estate has always been cyclical, but Zillow's dominance in real estate data and with consumers will remain unchanged. A new partnership with Opendoor for instant home offers replaces the former Zillow Offers feature, and creates a new monetization stream for Zillow. Zillow's (Z) (ZG) stock price chart over the past year has been nearly a vertical line down. Given that, it has admittedly been hard to trust that this real estate internet titan has a path forward, but I continue to be an unabashed believer in this name. The market has been in too much of a knee-jerk state over the past year, and any whiff of bad news sends stocks spiraling down far further than fundamentals should permit. Year to date, shares of Zillow have lost nearly 50% of their value. Losses extended after the company recently released Q2 results, which, admittedly, carried only bad news (though nothing too unexpected, given current macro conditions). While there might be short-term pain here, I continue to believe in Zillow's long-term prospects and remain bullish on the name. Z data by YCharts Zillow, of course, is not immune to the gyrations of the real estate industry - which is and always has been massively cyclical. The company's main revenue stream, Premier Agent, relies directly on real estate agents successfully closing real estate transactions. All the cards in the deck are stacked against real estate right now: rates are rising, the Fed is becoming more hawkish, inventory remains tight, and housing affordability remains a nationwide challenge. On top of this, the looming risk of a recession, as well as widespread layoffs and hiring freezes, are causing many would-be homebuyers to step to the sidelines. One additional non-macro downside that investors may be digesting is that Zillow decided to essentially top-up stock-based comp for its employees. Due to Zillow's falling share price, the company noted that for many employees compensation is no longer meeting expectations or falls below market standards. The one-time reset is expected to cause 2% dilution to the company's overall market cap, which it intends to correct over time via share repurchases. But amid all this noise, we still have to acknowledge what Zillow is: the premier site for real estate data and research. To put the case in point here, even though Zillow's revenue started declining in Q2 driven by lower transactional activity, average monthly visitors as well as total site visits still grew by 2% y/y and 5% y/y , respectively. The fact that nearly 3 billion people visit Zillow.com or one of its subsidiary sites per quarter is a staggering datapoint reflecting the company's near-monopoly over online real estate data. Zillow visits data (Zillow Q2 shareholder letter) Here is my full long-term bull case for Zillow: Exit from iBuying shines the spotlight on margin-rich IMT segment. In 2021, Zillow's core IMT segment (which generates fees from real estate agents finding clients on the Zillow site) saw its adjusted EBITDA margins expand to 45%, up from 38% in 2020. That indicates a revenue stream that is nearly pure profit and very minimal overhead, and directly correlated with the uptick in real estate activity. To me, removing the distraction from iBuying and its horrendous quarterly losses will have the effect of expanding valuation multiples for Zillow's profitable core business. Across Zillow, Trulia, StreetEasy, and Hotpads, virtually every American consumer thinking about buying or renting a home will come across one of the Zillow Group's websites. Zillow has built an ecosystem rich with real estate data that has become the forefront of online real estate for users. Zillow traffic reached a record high of 10.2 billion visits (+6% y/y) in 2021. In 2022, site visits are still growing at a mid-single digit page Zillow is a platform that can add a whole suite of additional monetizable services. With all this traffic, Zillow's ability to generate tertiary revenue is broad. Currently, the majority of Zillow's business comes from advertising fees paid by real estate agents, but the company is also expanding into distributing mortgage products as well. In the future, Zillow could offer a full suite of "after-market" home add-ons, including house insurance, moving services, furnishing/interior decoration services, and others. Cash rich. Unlike other struggling tech companies facing the mouth of a potential recession, Zillow's years of profitability have left the company in a strong position. Zillow currently has ~$3.5 billion of cash (and ~$1.8 billion in net cash, after considering debt) on its books. Longer term, Zillow isn't going anywhere. Stay long here and use the dip as a buying opportunity. Q2 download Let's now go through Zillow's latest Q2 results in greater detail. The Q2 earnings summary is shown below: Zillow Q2 results (Zillow Q2 shareholder letter) Zillow's total revenue fell -23% y/y to $1.01 billion in the quarter, largely driven by the company's continued unwinding of the Zillow Offers/"Homes Segment" business, which saw revenue decline -35% y/y to $505 million. Interestingly, the company signed a new multi-year partnership with Opendoor to offer instant cash home offers to Zillow's site visitors. This feature essentially replaces Zillow Offers' previous functionality while putting all the balance sheet risk outside of the company. The partnership stipulates that Zillow gets a cut of any leads it sends to Opendoor, essentially giving the company a brand new "free" revenue stream that is highly synergistic with its existing web traffic. The big disappointment in the quarter, however, was in the IMT (internet, media and technology) segment which will become Zillow's mainline revenue stream after the Homes exit. Premier Agent, Zillow's core revenue generator, saw a -5% y/y revenue decline - which is on the low end of the company's expectations. This was driven, of course, by the weakening housing market.Seeking Alpha • Aug 04
Zillow net income of $8M, revenue of $1.01B beats by $25.03M
Zillow press release (NASDAQ:Z): Q2 net income of $8M. Revenue of $1.01B (-22.9% Y/Y) beats by $25.03M. Premier Agent revenue decreased 5% year over year to $333 million, slightly below the low end of our outlook range. Results were impacted by macro housing market factors, including interest rate and home price increases, as well as tight inventory levels. Rentals revenue decreased 3% year over year to $71 million, better than our expectations. IMT segment revenue of $475 million was flat year over year and within our outlook range. Homes segment revenue of $505 million exceeded our outlook as the wind-down of our iBuying operations continued to progress faster than anticipated. Mortgages segment revenue was $29 million, slightly below the low end of our outlook range, as rising interest rates impacted demand more than expected. Consolidated Adjusted EBITDA of $164 million exceeded the midpoint of our Q2 outlook range. Cash and investments of $3.5 billion at the end of Q2 were down slightly from $3.6 billion at the end of Q1 2022, after $249 million in share repurchases during the quarter. Shares -1.81%.Seeking Alpha • Jul 26
Zillow: The Fed May Ravage The Housing Market
A friendly reminder that Zillow will be reporting Q2 2022 earnings on 04 August 2022. Investors looking for a rally would be disappointed, given the elevated mortgage rates impacting Z's future execution. Z may also continue to struggle with profitability, thereby further relying on debt, share-based compensation, and dilution ahead. Investment Thesis Those hoping for a quick stock recovery for Zillow Group, Inc (Z) will likely be disappointed, since the rising mortgage rates would dampen the previously red-hot property market. Combined with the record high oil and gas prices, rising inflation, and potential recession, we do not expect much positive catalyst ahead for the market, since the S&P 500 Index had also fallen by 21.8% in H1'22 - the most it had fallen in the past fifty years. Therefore, we expect the bear to maul through the property market as well, leaving Z behind to pick up the pieces in the intermediate term. Z Is Unlikely To Recover Anytime Soon S&P Capital IQ Despite a hot property market in the past two years, Z's business had definitely suffered from intense iBuying competition, since the company continued to struggle with net income and FCF unprofitability thus far. By the LTM, Z reported revenues of $11.19B and gross margins of 16.9%, representing a massive increase of 335% but a decrease of 26.8 percentage points from FY2020 levels, respectively. In addition, the company reported deepening net losses of -$0.56B and net income margins of -5% in the LTM. S&P Capital IQ This operating segment explains why Z has continued to struggle with profitability thus far. By the LTM, the company reported $2.12B of operating expenses, representing 112% of its gross profits then. It also indicated a massive increase of 49.2% from FY2019 levels - thereby highlighting Z's massive continuous cash burn. Nonetheless, since the management has guided a 25% reduction in its workforce by H2'22, we expect a meaningful moderation ahead, potentially contributing to its profitability then. S&P Capital IQ Based on the chart above, Z has relied heavily on long-term debts to fund its existing operations since FY2019. By the LTM, the company reported $1.66B of long-term debts and $0.2B of interest expenses. It is essential to note that these convertible notes comprise $0.6B of debts due 2024, $0.56B due 2025, and $0.49 due 2026. Given Z's minimal profitability ahead, we expect these to be converted for up to 33.83M of additional shares, based on the original conversion rate. Otherwise, 45.54M shares based on current stock prices, depending on the eventual contract agreement. S&P Capital IQ Given its lack of profitability, Z has also continued to depend on Stock-Based Compensation ((SBC)) since its IPO. The company reported immense SBC expenses of $338.7M in the LTM, representing an increase of 70.2% from FY2019 levels. The massive expenses also accounted for 17.5% of its gross profits and 132% of its operating income in the LTM. As a result, we have also observed a 22% dilutive effect on its existing shareholder, from 206.4M shares outstanding in FY2019 to 251.3M in the LTM. Combined with the convertible notes discussed above, we speculatively expect a total share count of up to 485.94M by 2026. It will further dilute its existing shareholder by 93.3% based on the current share count in the LTM and a gargantuan 726.1% since its IPO in 2021. Nonetheless, some of this diluted effect could potentially be countered by Z's $1B share repurchase program, authorized in FQ1'22. Interested investors, take note. S&P Capital IQ Therefore, given its elevated expenses of $2.12B and capital expenditure of $0.09B in the LTM, it is not hard to see why Z has yet to report positive Free Cash Flow thus far. By the LTM, the company reported an FCF of -$0.12B and an FCF margin of -1.1%. Nonetheless, it appears that Z's cash and equivalents on its balance sheet look relatively healthy at $2.69B, even after adjusting for the $1.66B of long-term debts. Consensus Estimates On Z's Future Profitability Is Rather Optimistic S&P Capital IQ Over the next three years, Z is expected to report a normalization of revenue and net income growth, since starting the iBuying segment in 2018 and abandoning it in late 2021. By FY2024, the company is expected to report an adj. revenue growth at a CAGR of 12.03%, while also reporting net income profitability of $0.74B. Its net income margin is also expected to improve from 26.4% in FY2023 to 28.1% in FY2024. For FY2022, consensus estimates that Z will report revenues of $6.34B and net incomes of $0.47B, after it has sold most of its massive inventories. Nonetheless, we believe that the estimates are overly optimistic from FY2023 onwards, since Z's positive net income is unlikely sustainable, given the speculative slowdown in the property market moving forward. We shall see. In the meantime, analysts will be closely watching its FQ2'22 performance, with consensus revenue estimates of $985.31M and EPS of $0.08, representing YoY declines of -24.78% and -59.74%, respectively. We expect a slight stock recovery, given the rapid-fire sale of its inventory potentially boosting its FCF generation in the short term. Nonetheless, the gains would probably be digested soon after, due to the bear market sentiments. So, Is Z Stock A Buy, Sell, or Hold? Z 5Y EV/Revenue and P/E Valuations S&P Capital IQSeeking Alpha • Jun 30
Is Zillow Stock A Good Long-Term Investment?
Zillow is down nearly 90% from all time highs. The stock previously crashed due to exiting iBuying, then crashed again amidst the broader tech crash. Ironically, its exit from iBuying may be the key to future upside. The stock trades cheaply based on 2025 estimates - I see strong returns ahead. Zillow (Z) stock has been through quite the ride. First, its stock crashed after exiting the iBuying business. Then, it crashed again alongside the broader tech crash. Amidst falling stock prices it is important to remind ourselves of the long term investment thesis - Z remains positioned as a dominant online real estate platform, albeit one that will no longer be directly involved in real estate transactions. The stock trades with considerable upside even if management disappoints on its 2025 targets, making this one worth buying for the long term. Zillow Stock Price Z peaked above $200 per share in early 2021. The stock has since crashed down to around $33 per share. The stock is now at the same place it traded nine years ago. Data by YCharts I last covered the stock in February when I rated it a buy on account of the attractive upside. The stock has since fallen 49% since then, and it is now time to upgrade my rating to strong buy. Zillow Stock Basics The latest quarter saw revenues grow 250% to $4.3 billion. Investors should not extrapolate this growth further because the big boost was due to Z aggressively exiting the iBuying business. Z was able to sell $3.7 billion worth of houses at a slight gain - both being welcome surprises. Z ended the quarter with $3.6 billion in cash versus $2.5 billion in debt, for a net cash position of $1.1 billion. Cash increased $500 million from the previous quarter in spite of $348 million of share repurchases. The rapid exit from iBuying has helped Z almost fully repay its borrowings under real estate credit facilities. The company entered the third quarter with just under $500 million of inventory - a staggering reduction from the $3.9 billion of inventory as of the end of the 2021 year. Is Zillow Profitable? While exiting the iBuying business removed its fast growing segment, I expect it to boost its profit margins. As we can see below, whereas Z generates minimal margins on home sales, its core IMT segment is still generating a 43% adjusted EBITDA margin. 2022 Q1 Shareholder Letter The company’s debt is made up primarily of convertible notes with interest rates ranging from 0.75% to 2.75% which in conjunction with the net cash position makes interest a negligible component of net income. Share-based compensation made up only 19% of IMT gross profits, suggesting that Z should be generating GAAP profits over the next several quarters as it fully exits the iBuying business. Will Zillow Stock Ever Recover? It is interesting how just several months can change the outlook. Whereas Z was crashing just seven months ago when it announced that it was exiting the iBuying business, that move may ironically help the stock recover. Rising interest rates have led to a rise in mortgage rates and a decline in home demand - raising the potential for a crash in the real estate market. Z has guided for the coming quarter to see as much as $500 million in home sales. 2022 Q1 Shareholder Letter That would be enough to almost fully exit the iBuying business. In its shareholder letter, Z noted that it ended the quarter with approximately 1,300 homes and had already sold or entered into agreements to sell most of those homes, with only 100 homes not yet under contract to be sold. In other words, investors can have a high degree of certainty that Z will be almost completely rid of its iBuying operations when it reports earnings over the coming months. Is Zillow Fairly Valued? Wall Street analysts appear to have lost faith in Z stock. The average rating is 2.5 out of 5. Seeking Alpha The average price target is $44.50 per share, representing only 35% potential upside. Seeking Alpha That is surprising considering that Z is down nearly 90% from all time highs. What Is The Future Of Zillow Stock? Looking forward, Z has signaled its intentions to build a “Housing Super App.” Z wants to play a role in every part of the real estate transaction (except perhaps the transaction itself). 2022 Investor Presentation With the stock price falling, it is easy to forget that Z is the number one online residential real estate app with 63% market share (as measured by daily users).Seeking Alpha • Jun 23
Zillow: The Housing Market Is Likely In Trouble
Zillow has shaken up the market with technology and muscled its way into a monopolistic position. Unfortunately, our key indicators suggest the housing market is heading towards a significant slowdown. Economic conditions are the cause of this, with slowing growth and high inflation deterring property transactions. Zillow's profitability is poor and its guidance is optimistic in our view. We rate the stock a sell until evidence of an improvement in the house market emerges.Seeking Alpha • May 11
Zillow Will Always Be A Real Estate Titan; Invest For The Long Haul
Shares of Zillow dropped 10% after reporting Q1 results and issuing softer-than-expected guidance for Q2. Decelerating growth in the IMT segment/Premier Agent revenue is a chief concern for investors; Zillow is expecting growth in this segment to flatline in Q2. The slowdown is a function of tightening housing markets and rising interest rates. Still, Zillow remains the premier website for real estate research with the lion's share of online traffic, and the company continues to aim for $5 billion in revenue and a 45% adjusted EBITDA margin.Seeking Alpha • Apr 07
Zillow: This Growth Stock Is Still Cheap
Zillow’s business is transforming. Going forward, the commission business will dominate. Zillow is set to take a larger share from the real estate transaction market and aims for $5B in revenues by FY 2025.Seeking Alpha • Mar 28
Voyeuristic Entertainment: Zillow Is The New Netflix
As Zillow winds down iBuying, their numbers look ugly. However, when you back out that division, the picture is pretty. Not only is the stock reasonably valued, but they have multiple ways to monetize a large percentage of their audience: the lookie-loos who are not on there to buy. A third party survey suggests lookie-loos are at least 35% of users, but that number may be dramatically underreported. I would agree, after experiencing this first-hand selling my LA beach house.Seeking Alpha • Mar 20
Zillow: With iBuying In The Rearview Mirror, It's Time For It To Bounce Back
Shares of Zillow have lost 60% of their value over the past year. The losses have been aggravated both by macro de-risking as well as Zillow's planned exit from iBuying, a strategy investors never really liked in the first place. Winding down Zillow Offers will once again return the spotlight to Zillow's growing, margin-rich internet services business. Zillow is trading at an attractive ~15x multiple of its IMT segment's 2021 adjusted EBITDA.Seeking Alpha • Feb 14
Zillow: Priced At 17x Free Cash Flow
Zillow will fully exit iBuying by H2 2022. iBuying wind-down expected to end in aggregate cash flow positive. Zillow makes the case that looking out to 2025, its revenues will grow from $2.1 billion to $5 billion, for a 24% CAGR target. Even without Zillow's 2025 financial targets, its shares are very cheap. Zillow is now priced at 14x this year's EBITDA.Seeking Alpha • Jan 21
Zillow Stock Is Now Undervalued, Monte Carlo Simulation Reveals All
Zillow Group has declined 72% from the highs seen in February 2021. Zillow exited the home-buying business, wrote down an estimated $544 million, and cut 25% of its workforce. The business is making great progress exiting the home-buying business and has reached an agreement to sell 50% of the homes it needs to sell. Is the stock undervalued? A Monte Carlo simulation reveals the valuation under various scenarios.Seeking Alpha • Jan 10
Zillow's Long-Term Bottom May Be In Sight
Zillow has been decimated. Most of that was for good cause, but I think the valuation is too pessimistic. So as long as Zillow respects its recent low, it has much more upside than downside.Seeking Alpha • Dec 21
Zillow: Why It's Worth Buying Now
Zillow recently exited its residential iBuying program after racking up over $1 billion in losses. Zillow’s core is still a strong internet/software business with high, durable margins. With strong traffic in IMT marketplaces, Zillow is well-placed to benefit as rental and new construction supply/demand imbalances normalize, and advertising pressures subside in the future. The company's core business is trading at a very reasonable valuation with some room for upside.Seeking Alpha • Dec 10
Zillow: Why 19x FCF Is Cheap Enough
Zillow's iBuying is gone, that's done and dusted. Yet, its core business is pretty awesome. Zillow's management team has the most skin in the game here than anyone else. They are highly incentivized to turn around this business. Zillow's business (excluding its Mortgages segment) trades for 19x free cash flow.Seeking Alpha • Nov 17
Zillow Update: A Crisis Of Confidence
Zillow recently exited its residential iBuying program, which caught investors off-guard and sent the stock into a tailspin. The residential iBuying model can work, as evidenced by Opendoor, Offerpad and Redfin. Yet a lack of confidence in Zillow management appears to be warranted. Zillow’s largest opportunities seem to be a restructuring of its C-suite and a renewed, long-term focus on PropTech acquisitions.Seeking Alpha • Nov 03
Zillow: iBuying Out, But Prospects Will Improve
iBuying winds down, its implications for shareholders. Zillow will return to growing its highly profitable Internet, Media & Technology segment. Investors will do very well from keeping this stock on their watch list.Seeking Alpha • Oct 11
Zillow: Rapidly Growing, But Investors Are Now Too Gloomy
Zillow's shares fall more than 30% from highs earlier in the year. Zillow's business model is evolving, but investors don't appreciate the change. The business is rapidly growing and profitable, yet this stock is left cheaply priced.Seeking Alpha • Sep 10
Zillow Stock: Rapidly Growing, Profitable, And Cheaply Valued
Zillow's share price is well into correction territory in 2021. Meanwhile, Zillow's revenue growth rates are showing no signs of slowing down, with Q3 guided for more than 200% y/y. Zillow is priced at approximately 2x next year's sales, which is very cheap for a technologically disruptive stock.Seeking Alpha • Aug 14
Zillow: A Smart Way To Get Exposure To Real Estate
Zillow is more than a property listing platform. The company makes money from several sources including commissions from sales/purchases, profits from asset flipping, commissions as a mortgage broker, etc. The company delivered strong Q2 2021 results, reporting material growth across various segments and an increase in monthly unique users, which led to an upward revision of Q3 expectations. Yet the share price has crashed more than 50% since February. The company's balance sheet is strong with cash and investments of $4.6 billion providing a strong margin of safety. Now is an opportune moment to accumulate Zillow shares below $100.Seeking Alpha • Aug 08
Zillow: An Incredible Buying Opportunity
Zillow has continued to show tremendous results post-pandemic. Its most recent Q2 results exceeded Wall Street's expectations by a wide mile. Premier Agent revenue continued to grow at a >50% y/y pace, helped by continued enthusiasm in the real estate markets. Zillow Offers, meanwhile, has never been more profitable, helped by appreciation in the company's inventory. Zillow's integrated online real estate platform and unmatched trove of data make it a formidable, durable giant in the industry.Seeking Alpha • Jul 06
There Is An Upside Potential In Zillow's Share Price
Zillow Group, Inc. runs the most visited real estate website in the US. Zillow reports $3.4 billion in cash and $1.29 billion in short-term investments. It means that the company is well equipped to invest in marketing expenses. I don’t think that the current stock price represents the entire potential of the company’s business model. I assumed a long-term growth rate of 5.5%, and maintained the WACC at 9.7%. I tried to use conservative assumptions. My DCF model shows that the company’s fair value is somewhere in the upper part of $121-$161.株主還元
| Z | US Real Estate | US 市場 | |
|---|---|---|---|
| 7D | -1.7% | -0.8% | -0.8% |
| 1Y | -43.5% | -7.2% | 27.1% |
業界別リターン: Z過去 1 年間で-7.2 % の収益を上げたUS Real Estate業界を下回りました。
リターン対市場: Zは、過去 1 年間で27.1 % のリターンを上げたUS市場を下回りました。
価格変動
| Z volatility | |
|---|---|
| Z Average Weekly Movement | 6.7% |
| Real Estate Industry Average Movement | 7.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
安定した株価: Z 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。
時間の経過による変動: Zの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。
会社概要
| 設立 | 従業員 | CEO（最高経営責任者 | ウェブサイト |
|---|---|---|---|
| 2004 | 7,058 | Jeremy Wacksman | www.zillow.com |
ジロー・グループは、消費者をテクノロジー、エージェント、ローン担当者、デジタル・ソリューションでつなぐ不動産アプリケーションとウェブサイトを米国で運営している。同社は4つのカテゴリーで事業を展開している：住宅、住宅ローン、賃貸、その他。住宅事業には、エージェントやソフトウェアのほか、新築マーケティング・ソリューションやStreetEasy販売用製品などが含まれる。また、不動産業者向けの広告およびマーケティング・ソリューション、プレミア・エージェント、SaaS型顧客関係管理、不動産取引管理、アポイントメント・センター、エンハンスト・リスティング・サービスも提供している。賃貸事業では、不動産管理者、家主、その他の賃貸専門家向けの広告およびツール一式、ならびに賃貸アプリケーションを提供している。住宅ローン事業では、Zillow Home Loansを通じた住宅ローンの組成、住宅ローン業者やその他の住宅ローン専門家向けの広告、権原およびエスクローサービスを提供している。また、ディスプレイ広告からも収益を得ている。また、Zillow、Zillow Premier Agent、Zillow Rentals、Zillow New Construction、Trulia、StreetEasy、Out East、HotPads、Follow Up Boss、ShowingTime、dotloop、Zillow Closingなどのブランドポートフォリオや、不動産業界向けのマーケティングソフトウェアやテクノロジーソリューションも提供している。Zillow Group, Inc.は2004年に設立され、ワシントン州シアトルに本社を置いています。
Zillow Group, Inc. 基礎のまとめ
| Z 基礎統計学 | |
|---|---|
| 時価総額 | US$8.37b |
| 収益（TTM） | US$61.00m |
| 売上高(TTM) | US$2.69b |
139.7x
PER（株価収益率3.2x
P/SレシオZ は割高か？
公正価値と評価分析を参照収益と収入
| Z 損益計算書（TTM） | |
|---|---|
| 収益 | US$2.69b |
| 売上原価 | US$718.00m |
| 売上総利益 | US$1.98b |
| その他の費用 | US$1.91b |
| 収益 | US$61.00m |
直近の収益報告
Mar 31, 2026
次回決算日
該当なし
| 一株当たり利益（EPS） | 0.27 |
| グロス・マージン | 73.34% |
| 純利益率 | 2.27% |
| 有利子負債／自己資本比率 | 7.6% |
Z の長期的なパフォーマンスは？
過去の実績と比較を見る企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/05/21 20:12 |
| 終値 | 2026/05/21 00:00 |
| 収益 | 2026/03/31 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Zillow Group, Inc. 29 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。49
| アナリスト | 機関 |
|---|---|
| Jeffrey Meuler | Baird |
| Trevor Young | Barclays |
| Mark May | Barclays |