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Cushman & Wakefield PLC CWK

Morningstar Rating
$9.99 +0.18 (1.83%)
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Company Report

Cushman & Wakefield Earnings: Leasing Starts to Recover but Capital Markets Remain Depressed

No-moat-rated Cushman & Wakefield reported a middling set of numbers for the fourth quarter as leasing revenue recovered reasonably well but capital markets revenue remained depressed. Given our macroeconomic outlook and rising interest rates, we think the firm's capital markets business will continue to be pressured in the near term. Management noted that maintained capital markets growth seems unlikely in the first half of the current year.

Price vs Fair Value

CWK is trading at a 41% discount.
Price
$9.99
Fair Value
$72.00
Uncertainty
High
1-Star Price
$57.66
5-Star Price
$67.10
Economic Moat
Brft
Capital Allocation
Kvxrmdj

Bulls Say, Bears Say

Bulls

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

Bears

Technological disintermediation has the potential to erode the value of the expertise and services that Cushman & Wakefield provides to its clients, negatively affecting its brokerage business.

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News

Trading Information

Previous Close Price
$9.81
Day Range
$9.8710.21
52-Week Range
$6.2413.01
Bid/Ask
$9.56 / $11.28
Market Cap
$2.27 Bil
Volume/Avg
4.4 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
12.89
Price/Sales
0.24
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
0.36%

Company Profile

Cushman & Wakefield is one of the largest commercial real estate services firms in the world, with global headquarters in Chicago. The firm provides various real estate-related services to owners, occupiers, and investors. These include brokerage services for leasing and capital markets sales as well as advisory services such valuation, project management, and facilities management.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Small Value
Total Number of Employees
52,000

Competitors

Valuation

Metric
CWK
CBRE
JLL
Price/Earnings (Normalized)
12.8924.2425.74
Price/Book Value
1.353.391.44
Price/Sales
0.240.900.44
Price/Cash Flow
8.1922.2811.34
Price/Earnings
CWK
CBRE
JLL

Financial Strength

Metric
CWK
CBRE
JLL
Quick Ratio
1.091.080.98
Current Ratio
1.171.171.06
Interest Coverage
0.899.572.86
Quick Ratio
CWK
CBRE
JLL

Profitability

Metric
CWK
CBRE
JLL
Return on Assets (Normalized)
2.48%5.58%2.27%
Return on Equity (Normalized)
11.81%15.08%5.86%
Return on Invested Capital (Normalized)
8.06%9.71%4.85%
Return on Assets
CWK
CBRE
JLL
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