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CBRE Group Inc Class A CBRE

Morningstar Rating
$90.46 −0.51 (0.56%)
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Company Report

CBRE Earnings: Shares Jump by 9% on Upbeat Growth and Profitability Guidance for 2024

Narrow-moat-rated CBRE’s fourth-quarter results were largely in line with our expectations as the firm's advisory services segment staged a recovery while its outsourcing segment remained robust. We believe the brokerage business should perform relatively well in the second half of 2024 but transaction volume will remain under pressure in the first half of the year, due primarily to our macroeconomic and interest rate outlooks. The company reported core EPS of $1.38 per share for the fourth quarter, 17% higher than the FactSet consensus estimate of $1.18. Additionally, fourth-quarter core EPS was roughly 7% higher year over year on a constant-currency basis.

Price vs Fair Value

CBRE is trading within a range we consider fairly valued.
Price
$90.46
Fair Value
$98.00
Uncertainty
High
1-Star Price
$155.99
5-Star Price
$69.60
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
$90.97
Day Range
$89.7291.30
52-Week Range
$64.6396.00
Bid/Ask
$86.89 / $144.73
Market Cap
$27.65 Bil
Volume/Avg
1.8 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
22.92
Price/Sales
0.88
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
2.67%

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 Core
Total Number of Employees
130,000

Competitors

Valuation

Metric
CBRE
JLL
CSGP
Price/Earnings (Normalized)
22.9223.5364.29
Price/Book Value
3.451.394.66
Price/Sales
0.880.4214.01
Price/Cash Flow
18.2111.1945.70
Price/Earnings
CBRE
JLL
CSGP

Financial Strength

Metric
CBRE
JLL
CSGP
Quick Ratio
1.081.0613.13
Current Ratio
1.171.1813.31
Interest Coverage
9.573.22
Quick Ratio
CBRE
JLL
CSGP

Profitability

Metric
CBRE
JLL
CSGP
Return on Assets (Normalized)
5.58%2.33%5.76%
Return on Equity (Normalized)
15.08%6.06%7.04%
Return on Invested Capital (Normalized)
9.71%4.70%4.31%
Return on Assets
CBRE
JLL
CSGP
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