NYSE:CLGX

Stock Analysis Report

Executive Summary

CoreLogic, Inc., together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific.


Snowflake Analysis

Moderate growth potential and overvalued.


Similar Companies

Share Price & News

How has CoreLogic's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLGX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.4%

CLGX

-9.8%

US IT

-7.4%

US Market


1 Year Return

31.3%

CLGX

23.3%

US IT

10.5%

US Market

Return vs Industry: CLGX exceeded the US IT industry which returned 23.3% over the past year.

Return vs Market: CLGX exceeded the US Market which returned 10.5% over the past year.


Shareholder returns

CLGXIndustryMarket
7 Day-4.4%-9.8%-7.4%
30 Day5.6%-3.5%-3.6%
90 Day15.9%2.5%-0.6%
1 Year32.0%31.3%24.5%23.3%12.8%10.5%
3 Year24.8%24.2%89.8%81.6%37.4%28.6%
5 Year45.5%44.8%129.0%108.9%61.3%43.6%

Price Volatility Vs. Market

How volatile is CoreLogic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CoreLogic undervalued compared to its fair value and its price relative to the market?

14.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLGX ($48.37) is trading below our estimate of fair value ($56.61)

Significantly Below Fair Value: CLGX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CLGX is poor value based on its PE Ratio (77.9x) compared to the IT industry average (30.6x).

PE vs Market: CLGX is poor value based on its PE Ratio (77.9x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: CLGX is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: CLGX is overvalued based on its PB Ratio (4.1x) compared to the US IT industry average (3.8x).


Next Steps

Future Growth

How is CoreLogic forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

33.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLGX's forecast earnings growth (33.4% per year) is above the savings rate (1.7%).

Earnings vs Market: CLGX's earnings (33.4% per year) are forecast to grow faster than the US market (13.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CLGX's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: CLGX's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLGX's Return on Equity is forecast to be low in 3 years time (17.6%).


Next Steps

Past Performance

How has CoreLogic performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLGX has a large one-off loss of $55.5M impacting its September 30 2019 financial results.

Growing Profit Margin: CLGX's current net profit margins (2.9%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: CLGX's earnings have declined by -0.7% per year over the past 5 years.

Accelerating Growth: CLGX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CLGX had negative earnings growth (-71.4%) over the past year, making it difficult to compare to the IT industry average (12%).


Return on Equity

High ROE: CLGX's Return on Equity (5.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CoreLogic's financial position?


Financial Position Analysis

Short Term Liabilities: CLGX's short term assets ($424.3M) do not cover its short term liabilities ($660.2M).

Long Term Liabilities: CLGX's short term assets ($424.3M) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: CLGX's debt to equity ratio (188.3%) is considered high.

Reducing Debt: CLGX's debt to equity ratio has increased from 134.7% to 188.3% over the past 5 years.

Debt Coverage: CLGX's debt is not well covered by operating cash flow (19.9%).

Interest Coverage: CLGX's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: CLGX has a low level of unsold assets or inventory.

Debt Coverage by Assets: CLGX's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is CoreLogic's current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.5%markettop25%3.9%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CLGX's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: CLGX's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (3.9%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether CLGX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CLGX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Frank Martell (59yo)

3yrs

Tenure

US$5,641,654

Compensation

Mr. Frank D. Martell has been Chief Executive Officer, President and Principal Executive Office of CoreLogic, Inc. since March 6, 2017. Mr. Martell served as the Interim Chief Executive Officer and Interim ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD5.64M) is about average for companies of similar size in the US market ($USD4.93M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Frank Martell
President3yrsUS$5.64m0.39% $15.1m
James Balas
Chief Financial Officer3.8yrsUS$2.28m0.10% $3.9m
Barry Sando
Managing Director of Underwriting & Workflow Solutions9.7yrsUS$2.77m0.19% $7.2m
Jaynie Studenmund
Corporate Director & Advisor7.6yrsUS$261.48k0.034% $1.3m
Dan Smith
Investor Relations Officer & Senior VP - Information Solutions Group0yrsno datano data
Francis Henry
Chief Legal Officer0.3yrsno datano data
David Martin
Global Head of Sales & Marketing and Senior VP5.3yrsno datano data
Maria Nalywayko
Senior Vice President of Human Resources and Strategy Project Administrator0yrsno datano data
Michael Ceppetelli
Senior Vice President of Strategic Accounts5.8yrsno datano data
Frank Nothaft
Chief Economist & Senior VP5.1yrsno datano data

4.5yrs

Average Tenure

59yo

Average Age

Experienced Management: CLGX's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Frank Martell
President3yrsUS$5.64m0.39% $15.1m
Jaynie Studenmund
Corporate Director & Advisor7.6yrsUS$261.48k0.034% $1.3m
Paul Folino
Independent Chairman of the Board5.6yrsUS$383.48k0.0077% $297.7k
Douglas Curling
Independent Director7.6yrsUS$256.48k0.040% $1.5m
John Dorman
Independent Director7.6yrsUS$272.48k0.017% $638.1k
James Chatham
Independent Director10.1yrsUS$284.98k0.043% $1.7m
Thomas O'Brien
Independent Director10.1yrsUS$273.48k0.035% $1.4m
Mary Widener
Independent Director10.1yrsUS$254.98k0.0058% $223.5k
David Walker
Independent Director9.7yrsUS$284.98k0.049% $1.9m
Claudia Munce
Independent Director2.3yrsUS$264.06k0.0062% $239.2k

7.6yrs

Average Tenure

65yo

Average Age

Experienced Board: CLGX's board of directors are considered experienced (7.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CoreLogic, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CoreLogic, Inc.
  • Ticker: CLGX
  • Exchange: NYSE
  • Founded: 1894
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$3.846b
  • Shares outstanding: 79.52m
  • Website: https://www.corelogic.com

Number of Employees


Location

  • CoreLogic, Inc.
  • 40 Pacifica
  • Suite 900
  • Irvine
  • California
  • 92618
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLGXNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2010
CQKDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2010

Biography

CoreLogic, Inc., together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS). The PIRM segment combines property information, mortgage information, and consumer information to deliver housing market and property-level insights, predictive analytics, and risk management capabilities. It also offers proprietary technology and software platforms to access, automate, or track the information and assist its clients with decision-making and compliance tools in the real estate industry, insurance industry, and the single and multifamily industry. This segment primarily serves commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, MLS companies, property and casualty insurance companies, title insurance companies, government agencies, and government-sponsored enterprises. The UWS segment combines property, mortgage, and consumer information to provide comprehensive mortgage origination and monitoring solutions, including underwriting-related solutions, and data-enabled valuations and appraisals. This segment also provides proprietary technology and software platforms to access, automate, or track the information and assist its clients with vetting and onboarding prospects, and meeting compliance regulations, as well as understanding, diagnosing, and monitoring property values. It primarily serves mortgage lenders and servicers, mortgage brokers, credit unions, commercial banks, fixed-income investors, government agencies, and property and casualty insurance companies. The company was formerly known as The First American Corporation and changed its name to CoreLogic, Inc. in June 2010. CoreLogic, Inc. was incorporated in 1894 and is headquartered in Irvine, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:49
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.