Newmark Group
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Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The last earnings update was 6 days ago. More info.
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- Newmark Group has significant price volatility in the past 3 months.
NMRK Share Price and Events
7 Day Returns
1 Year Returns
NMRK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Newmark Group (NMRK) | 9% | -2.4% | -19.9% | -42.5% | - | - |
| US Real Estate | -5.8% | -8.3% | -7.1% | -14.8% | 21.3% | 4.4% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- NMRK underperformed the Real Estate industry which returned -14.8% over the past year.
- NMRK underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
Related Companies
Value
Is Newmark Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Newmark Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Newmark Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 1.12 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 21%) (85.95%)) |
1.595 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.59 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.595 * 5.96%) |
12.23% |
Discounted Cash Flow Calculation for NasdaqGS:NMRK using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Newmark Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 12.23%) |
|
|---|---|---|---|
| 2019 | 442.00 | Analyst x1 | 393.82 |
| 2020 | 503.00 | Analyst x1 | 399.32 |
| 2021 | 542.00 | Analyst x1 | 383.38 |
| 2022 | 592.00 | Analyst x1 | 373.10 |
| 2023 | 656.00 | Analyst x1 | 368.37 |
| 2024 | 702.17 | Est @ 7.04% | 351.32 |
| 2025 | 742.52 | Est @ 5.75% | 331.01 |
| 2026 | 778.47 | Est @ 4.84% | 309.21 |
| 2027 | 811.22 | Est @ 4.21% | 287.10 |
| 2028 | 841.76 | Est @ 3.76% | 265.43 |
| Present value of next 10 years cash flows | $3,462.07 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $841.76 × (1 + 2.73%) ÷ (12.23% – 2.73%) |
$9,098.99 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $9,098.99 ÷ (1 + 12.23%)10 |
$2,869.19 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,462.07 + $2,869.19 |
$6,331.26 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $6,331.26 / 243.47 |
$26 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $26.00 |
| Current discount | Discount to share price of
$8.27
= -1 x ($8.27 - $26.00) / $26.00 |
68.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Newmark Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Newmark Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Newmark Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Newmark Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.58 |
| NasdaqGS:NMRK Share Price ** | NasdaqGS (2019-05-15) in USD | $8.27 |
| United States of America Real Estate Industry PE Ratio | Median Figure of 27 Publicly-Listed Real Estate Companies | 16x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Newmark Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:NMRK Share Price ÷ EPS (both in USD) = 8.27 ÷ 0.58 |
14.14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newmark Group is good value based on earnings compared to the US Real Estate industry average.
- Newmark Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Newmark Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
25.7%per year |
| United States of America Real Estate Industry PEG Ratio | Median Figure of 12 Publicly-Listed Real Estate Companies | 0.34x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.14x ÷ 25.7% |
0.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newmark Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Newmark Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $3.16 |
| NasdaqGS:NMRK Share Price * | NasdaqGS (2019-05-15) in USD | $8.27 |
| United States of America Real Estate Industry PB Ratio | Median Figure of 53 Publicly-Listed Real Estate Companies | 1.45x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:NMRK Share Price ÷ Book Value per Share (both in USD) = 8.27 ÷ 3.16 |
2.62x |
* Primary Listing of Newmark Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Newmark Group is overvalued based on assets compared to the US Real Estate industry average.
Value checks
We assess Newmark Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check) Newmark Group has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Newmark Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Newmark Group's earnings growth is expected to exceed the United States of America market average.
- Newmark Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:NMRK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 25.7% |
| NasdaqGS:NMRK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 5.3% |
| United States of America Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 6.3% |
| United States of America Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2,665 | 551 | 1 | |
| 2022-12-31 | 2,531 | 493 | 1 | |
| 2021-12-31 | 2,413 | 281 | 3 | |
| 2020-12-31 | 2,299 | 256 | 3 | |
| 2019-12-31 | 2,166 | 222 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,065 | 297 | 95 |
| 2018-12-31 | 2,048 | -332 | 102 |
| 2018-09-30 | 1,876 | -295 | 41 |
| 2018-06-30 | 1,756 | 540 | 73 |
| 2018-03-31 | 1,694 | -33 | 128 |
| 2017-12-31 | 1,596 | 854 | 144 |
| 2017-09-30 | 1,523 | 76 | 243 |
| 2017-06-30 | 1,498 | -236 | 208 |
| 2017-03-31 | 1,388 | -240 | 179 |
| 2016-12-31 | 1,350 | -644 | 168 |
| 2016-09-30 | 1,452 | 180 | 68 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Newmark Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1.45 | 1.45 | 1.45 | 1.00 |
| 2022-12-31 | 1.40 | 1.40 | 1.40 | 1.00 |
| 2021-12-31 | 0.46 | 0.46 | 0.46 | 1.00 |
| 2020-12-31 | 0.42 | 0.42 | 0.42 | 1.00 |
| 2019-12-31 | 0.42 | 0.42 | 0.42 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.58 |
| 2018-12-31 | 0.65 |
| 2018-09-30 | 0.26 |
| 2018-06-30 | 0.47 |
| 2018-03-31 | 0.83 |
| 2017-12-31 | 1.08 |
| 2017-09-30 | |
| 2017-06-30 | |
| 2017-03-31 | |
| 2016-12-31 | |
| 2016-09-30 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Newmark Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Newmark Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Newmark Group has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Newmark Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Newmark Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- Newmark Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Newmark Group's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
All data from Newmark Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,064.78 | 95.32 | 1,755.57 | |
| 2018-12-31 | 2,047.58 | 101.64 | 1,744.55 | |
| 2018-09-30 | 1,876.46 | 40.94 | 1,629.01 | |
| 2018-06-30 | 1,755.88 | 73.17 | 1,552.12 | |
| 2018-03-31 | 1,694.33 | 127.78 | 1,457.71 | |
| 2017-12-31 | 1,596.45 | 144.49 | 1,374.77 | |
| 2017-09-30 | 1,523.46 | 243.12 | 1,270.35 | |
| 2017-06-30 | 1,497.87 | 207.68 | 1,230.15 | |
| 2017-03-31 | 1,387.68 | 178.83 | 1,153.87 | |
| 2016-12-31 | 1,349.98 | 168.40 | 1,125.65 | |
| 2016-09-30 | 1,452.19 | 68.10 | 1,296.35 | |
| 2015-12-31 | 1,200.25 | -2.80 | 1,139.25 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Newmark Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Newmark Group used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
- Newmark Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Newmark Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Newmark Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Newmark Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Newmark Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Newmark Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Newmark Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Newmark Group Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,047.38 | 1,674.14 | 116.27 |
| 2018-12-31 | 1,082.97 | 1,510.31 | 171.42 |
| 2018-09-30 | 1,012.43 | 1,956.82 | 164.32 |
| 2018-06-30 | 778.28 | 1,209.35 | 69.40 |
| 2018-03-31 | 553.68 | 1,771.60 | 56.69 |
| 2017-12-31 | 243.41 | 1,501.27 | 178.65 |
| 2017-09-30 | 1,290.54 | 659.73 | 214.26 |
| 2017-06-30 | 1,081.70 | 933.91 | 95.72 |
| 2017-03-31 | 983.78 | 257.97 | 66.63 |
| 2016-12-31 | 983.78 | 257.97 | 66.63 |
| 2016-09-30 | 496.85 | 0.00 | 24.08 |
| 2015-12-31 | 804.03 | 359.63 | 111.43 |
- Newmark Group's level of debt (159.8%) compared to net worth is high (greater than 40%).
- Unable to establish if Newmark Group's debt level has increased without past 5-year debt data.
- Debt is not well covered by operating cash flow (17.8%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
Financial health checks
We assess Newmark Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Newmark Group has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Newmark Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Newmark Group
shares you are expected to receive
$97
in your first year as a dividend.
Dividend Amount
- Newmark Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Newmark Group's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment
Purchase Newmark Group before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.48 | 1.00 |
| 2020-12-31 | 0.44 | 1.00 |
| 2019-12-31 | 0.40 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-09 | 0.400 | 5.082 |
| 2019-03-15 | 0.360 | 4.262 |
| 2019-02-12 | 0.360 | 3.825 |
| 2018-11-14 | 0.360 | 3.911 |
| 2018-10-25 | 0.360 | 3.697 |
| 2018-08-02 | 0.360 | 3.100 |
| 2018-05-15 | 0.360 | 2.532 |
| 2018-05-03 | 0.360 | 2.479 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Newmark Group has stable dividend payments.
- Newmark Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of
Newmark Group's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.6x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
Income/ dividend checks
We assess Newmark Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Newmark Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Newmark Group has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $11,124,398 |
| AGE | 67 |
| TENURE AS CEO | 40.3 years |
CEO Bio
Mr. Barry M. Gosin has been the Chief Executive Officer of Newmark Group Inc. and Newmark Grubb Knight Frank Capital Group and Newmark Grubb Knight Frank since 1979. He serves as the Chief Executive Officer at Newmark & Company Real Estate, Inc. Mr. Gosin guides Newmark Grubb Knight Frank's national and global expansion initiatives and oversees all facets of its day-to-day operations. Mr. Gosin served as a Principal of Newmark & Company Real Estate, Inc. since 1978 and served as its Chief Executive Officer since 1979. Mr. Gosin spearheaded Newmark Grubb Knight Frank's merger with BGC Partners in 2011 and continues to captain the real estate division's growth. Since merging with BGC, he has led Newmark Grubb Knight Frank in the acquisition of 22 companies and quadrupled the firm's annual revenues. An active industry and community leader, Mr. Gosin serves as a Trustee of the Citizens Budget Commission. He serves as a Member of The Young President' Organization, Inc. He served at Bank of New York, Citigroup Inc. and The Interpublic Group of Companies, Inc. in various capacities. He served on Senator Schumer’s “Group of 35”, making recommendation for New York City’s long term development. He served as Vice Chairman and Director of Newmark & Company Real Estate, Inc. He serves as a Director of The Partnership for New York City, Inc. He serves as a Trustee of Pace Budget Commission and Pace University. He serves as a Director of Federal Employment and Guidance Services. He serves as a Member of the Board of the Real Estate Board of Nw York Board of Governors. He serves as an Honorary Trustee of the High School of Economics and Finance. He serves as the Chairman of The Young Men's/Women's Real Estate Association. He serves as a Member of YMWREA, a Member of the Board of Directors of the Avenue of the Americas Association and a Member of NACORE. He serves as a Trustee for the Parker Jewish Institute, a Member of the Board of Directors for Northern Westchester Hospital Center and the Center for Downtown New York. He serves as a Member of the Board of the New York Junior Tennis League and a Trustee for the Parker Jewish Geriatric Institute. He served as a Director of BGC Partners, Inc. from February 1, 2007 to November 7, 2007. He served as a Director of NYC & Company Inc. He is leading the NYC Partnership initiative for incentives downtown and throughout the five boroughs. The Real Estate Board of New York (REBNY) has granted Mr. Gosin its "Most Ingenious Deal of the Year" award on three occasions and he has received frequent formal recognition from his peers as an industry leader. He has been honored by Public Education Association as a Distinguished Graduate of New York City Public Schools and he has also been recognized and honored by Parker Jewish Geriatric Institute, New York Junior Tennis League, Association for the Help of Retarded Children and UJA-Federation of New York. He received the Ernst & Young "Entrepreneur of the Year" award in 2002 and was honored by Northern Westchester Hospital as "2001 Man of the Year". Mr. Gosin serves as Trustee of Pace University, He also received "Leadership in Management Award" from Pace University. Mr. Gosin holds a B.A. in Economics and History from Indiana University.
CEO Compensation
- Barry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Barry's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Newmark Group management team in years:
- The average tenure for the Newmark Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Barry Gosin
Chief Executive Officer
$11M
67
40.3 yrs
Mike Rispoli
Chief Financial Officer
$1M
46
7.1 yrs
Jimmy Kuhn
President
27.3 yrs
Raj Bhatti
Chief Information Officer
Alison Lewis
Chief Administrative Officer
Stephen Merkel
Executive VP
59
Lou Alvarado
Chief Revenue Officer
Jeff Day
President & Head of Newmark Knight Frank's Multifamily Capital Markets division
Michael Sheinkop
Executive Vice President and Regional Managing Director
53
Chuck Seufferlein
President of Western Region
5.3 yrs
Board of Directors Tenure
Average tenure and age of the Newmark Group board of directors in years:
- The average tenure for the Newmark Group board of directors is less than 3 years, this suggests a new board.
Board of Directors
Howard Lutnick
Chairman
$13M
56
3.3 yrs
Michael Snow
Independent Director
$210K
70
2.3 yrs
Peter Cervinka
Director
$203K
69
0.9 yrs
Virginia Bauer
Director
$197K
61
0.9 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Newmark Group insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14. May 19 | Buy | Barry Gosin | Individual | 10. May 19 | 14. May 19 | 561,084 | $7.99 | $4,328,086 | ||
| 12. Dec 18 | Buy | Barry Gosin | Individual | 11. Dec 18 | 12. Dec 18 | 687,363 | $9.25 | $6,358,108 | ||
| 10. Dec 18 | Buy | Barry Gosin | Individual | 10. Dec 18 | 10. Dec 18 | 306,429 | $8.59 | $2,632,225 | ||
| 10. Dec 18 | Buy | Virginia Bauer | Individual | 07. Dec 18 | 07. Dec 18 | 10,000 | $8.38 | $83,800 | ||
Management checks
We assess Newmark Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Newmark Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Newmark Group, Inc. (NASDAQ:NMRK): Time For A Financial Health Check
(NASDAQ:NMRK) is a small-cap stock with a market capitalization of US$2.0b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is
Simply Wall St - – Full articleThese Factors Make Newmark Group, Inc. (NASDAQ:NMRK) An Interesting Investment
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been a rockstar for income investors, currently trading at an attractive share price
Simply Wall St - – Full articleNewmark Group, Inc. (NASDAQ:NMRK): What's The Analyst Consensus Outlook?
In December 2018, Newmark Group, Inc. … (NASDAQ:NMRK) announced its most recent earnings update, whicha … revealed
Simply Wall St - – Full articleHow Does Newmark Group, Inc. (NASDAQ:NMRK) Fare As A Dividend Stock?
Does Newmark Group tick all the boxes of a great dividend stock? … 5 questions I ask before picking a dividend stock … When researching a dividend stock, I always follow the following screening criteria:
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Newmark Group, Inc. (NASDAQ:NMRK) Stock?
The big shareholder groups in Newmark Group, Inc. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … institutions own shares in the company.
Simply Wall St - – Full articleThe Newmark Group Share Price Is Down 36% So Some Shareholders Are Getting Worried
But that is minimal compensation for the share price under-performance over the last year. … We note that the 36% share price drop is very close to the EPS drop. … Rather, the share price has approximately tracked EPS growth
Simply Wall St - – Full articleNewmark Group Inc (NASDAQ:NMRK): Dividend Is Coming In 2 Days, Should You Buy?
Important news for shareholders and potential investors in Newmark Group Inc (NASDAQ:NMRK): The dividend payment of US$0.09 per share will be distributed into shareholder on 05 September 2018, and the stock will begin trading ex-dividend at an earlier date, 17 August 2018. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?
Simply Wall St - – Full articleDoes Newmark Group Inc's (NASDAQ:NMRK) PE Ratio Signal A Selling Opportunity?
This analysis is intended to introduce important early concepts to people who are starting to invest. … While NMRK might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … View our latest analysis for Newmark Group
Simply Wall St - – Full articleWhy You Should Look Beyond Newmark Group Inc's (NASDAQ:NMRK) Growth
A big red-siren warning for NMRK is its high level of debt exceeding its total level of equity. … One reason I do like NMRK as a business is its low level of fixed assets on its balance sheet (2.85% of total assets). … In order to invest in NMRK, you have to believe in its growth story, and the possibility that it has not yet been factored into its share price.
Simply Wall St - – Full articleIs Now The Right Time To Buy Newmark Group Inc (NASDAQ:NMRK)?
In isolation, this metric can be a bit too simplistic but in comparison to benchmarks, it tells us that NMRK is undervalued relative to the current US market average of 18.68x , and overvalued based on current earnings compared to the real estate industry average of 10.43x. … But, since Newmark Group is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … This tells us that when we include its growth in our analysis Newmark Group's stock can be considered slightly overvalued , based on the fundamentals.
Simply Wall St - – Full articleCompany Info
Description
Newmark Group, Inc. provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name. The company’s occupier services and products comprise tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration, and facilities management. It provides its services to commercial real estate tenants, owner-occupiers, investors, and developers. As of March 12, 2019, Newmark Group, Inc. operated approximately 430 offices in 6 continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. The company was founded in 1929 and is headquartered in New York, New York.
Details
| Name: | Newmark Group, Inc. |
| NMRK | |
| Exchange: | NasdaqGS |
| Founded: | 1929 |
| $1,947,770,096 | |
| $1,476,959,536 | |
| 243,471,262 | |
| Website: | http://www.ngkf.com |
| Address: |
Newmark Group, Inc. 125 Park Avenue, New York, New York, 10017, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | NMRK | Class A Common Stock | Nasdaq Global Select | US | USD | 15. Dec 2017 | |
| DB | NMB | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 15. Dec 2017 |
Number of employees
Current staff
Industry
| Real Estate Services | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 02:54 |
| End of day share price update: | 2019/05/15 00:00 |
| Last estimates confirmation: | 2019/05/15 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
