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CBRE Group Inc Class A CBRE

Morningstar Rating
$90.22 +2.78 (3.18%)
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Company Report

CBRE Earnings: Management Upbeat on Prospects for Second Half

Narrow-moat-rated CBRE’s first-quarter results were largely in line with our expectations. The advisory services segment remained stable while the outsourcing segment continued its growth trajectory. We believe that the brokerage business should perform relatively well in the second half of 2024, but it is not out of the woods yet, given our macroeconomic and rates outlook. A soft landing is now a widespread market consensus, but we think investors in commercial real estate service firms shouldn’t rule out the possibility of a relatively harder landing.

Price vs Fair Value

CBRE is trading at a 654% premium.
Price
$90.22
Fair Value
$13.00
Uncertainty
High
1-Star Price
$488.10
5-Star Price
$22.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As the largest of only a few truly international one-stop shops, CBRE is poised to continue taking share from competitors in a growing industry that increasingly rewards scale.

Bears

The effects of technological disintermediation have the potential to erode the value of the expertise and services that CBRE provides to its clients, negatively affecting its capital markets and advisory leasing business lines.

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News

Trading Information

Previous Close Price
$87.44
Day Range
$87.2490.47
52-Week Range
$64.6398.65
Bid/Ask
$80.80 / $90.22
Market Cap
$27.68 Bil
Volume/Avg
2.1 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
23.80
Price/Sales
0.86
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
1.93%

Company Profile

CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE’s investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Mid Value
Total Number of Employees
130,000

Competitors

Valuation

Metric
CBRE
CWK
JLL
Price/Earnings (Normalized)
23.8013.1722.99
Price/Book Value
3.351.471.48
Price/Sales
0.860.250.45
Price/Cash Flow
17.238.3010.74
Price/Earnings
CBRE
CWK
JLL

Financial Strength

Metric
CBRE
CWK
JLL
Quick Ratio
1.061.021.12
Current Ratio
1.151.131.24
Interest Coverage
8.941.123.47
Quick Ratio
CBRE
CWK
JLL

Profitability

Metric
CBRE
CWK
JLL
Return on Assets (Normalized)
5.23%2.64%2.62%
Return on Equity (Normalized)
14.33%12.48%6.70%
Return on Invested Capital (Normalized)
9.01%8.01%5.33%
Return on Assets
CBRE
CWK
JLL
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BEKE
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VTAGY
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JLL
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CWK
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