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Cushman & Wakefield PLC CWK

Morningstar Rating
$10.41 −0.06 (0.57%)
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Company Report

Cushman & Wakefield's Margins Should Benefit From Brokerage Recovery

Cushman & Wakefield underwent a major business transformation after the combination of DTZ, Cassidy Turley, and Cushman & Wakefield in 2015. The combination of these three firms expanded its geographical presence, added incremental capabilities, and gave the company adequate scale to effectively compete with its larger rivals, CBRE and JLL, for lucrative global contracts from multinational clients. The company has benefited from the secular trends in the commercial real estate services industry and has grown strongly through organic growth opportunities, strategic infill acquisitions, and actively recruiting fee-earning teams. M&A is a strategic pillar in its quest to become a single-source provider for the full spectrum of real estate-related services on a global footprint, and the company has a record of successful integrations and broker onboarding.

Price vs Fair Value

CWK is trading at a 786% premium.
Price
$10.47
Fair Value
$16.00
Uncertainty
High
1-Star Price
$68.56
5-Star Price
$22.30
Economic Moat
Yfvnk
Capital Allocation
Cgncgrs

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
$10.47
Day Range
$10.2710.53
52-Week Range
$6.2411.83
Bid/Ask
$9.00 / $10.99
Market Cap
$2.39 Bil
Volume/Avg
1.3 Mil / 2.5 Mil

Key Statistics

Price/Earnings (Normalized)
13.21
Price/Sales
0.25
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
0.42%

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
CSGP
CBRE
Price/Earnings (Normalized)
13.2157.6623.05
Price/Book Value
1.484.113.25
Price/Sales
0.2511.900.84
Price/Cash Flow
8.3247.7616.69
Price/Earnings
CWK
CSGP
CBRE

Financial Strength

Metric
CWK
CSGP
CBRE
Quick Ratio
1.028.971.06
Current Ratio
1.139.091.15
Interest Coverage
1.128.94
Quick Ratio
CWK
CSGP
CBRE

Profitability

Metric
CWK
CSGP
CBRE
Return on Assets (Normalized)
2.64%4.41%5.23%
Return on Equity (Normalized)
12.48%5.39%14.33%
Return on Invested Capital (Normalized)
8.01%2.65%9.01%
Return on Assets
CWK
CSGP
CBRE
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