NMRK Stock Overview
Newmark Group, Inc. provides commercial real estate services in the United States and internationally.
Newmark Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.80|
|52 Week High||US$19.10|
|52 Week Low||US$8.66|
|1 Month Change||8.22%|
|3 Month Change||-1.82%|
|1 Year Change||-20.53%|
|3 Year Change||23.57%|
|5 Year Change||n/a|
|Change since IPO||-22.58%|
Recent News & Updates
Newmark Group Q2 2022 Earnings Preview
Newmark Group (NASDAQ:NMRK) is scheduled to announce Q2 earnings results on Friday, July 29th, before market open. The consensus EPS Estimate is $0.36 (+16.1% Y/Y) and the consensus Revenue Estimate is $670.04M (+6.4% Y/Y). Over the last 2 years, NMRK has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 1 upward revision and 2 downward.
|NMRK||US Real Estate||US Market|
Return vs Industry: NMRK exceeded the US Real Estate industry which returned -40.1% over the past year.
Return vs Market: NMRK underperformed the US Market which returned -13.5% over the past year.
|NMRK Average Weekly Movement||6.3%|
|Real Estate Industry Average Movement||7.8%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: NMRK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NMRK's weekly volatility (6%) has been stable over the past year.
About the Company
Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company’s investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services. Its occupier services and products comprise tenant representation; real estate management technology systems; workplace and occupancy strategy; global corporate consulting; project management; account and transaction management; and lease administration and facilities management services.
Newmark Group Fundamentals Summary
|NMRK fundamental statistics|
Is NMRK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NMRK income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.82|
|Net Profit Margin||10.19%|
How did NMRK perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Does NMRK pay a reliable dividends?See NMRK dividend history and benchmarks
|Newmark Group dividend dates|
|Ex Dividend Date||Aug 12 2022|
|Dividend Pay Date||Aug 31 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||20 days|
Does NMRK pay a reliable dividends?See NMRK dividend history and benchmarks
Is NMRK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NMRK?
Other financial metrics that can be useful for relative valuation.
|What is NMRK's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NMRK's PE Ratio compare to its peers?
|NMRK PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MMI Marcus & Millichap
HOUS Anywhere Real Estate
CWK Cushman & Wakefield
EXPI eXp World Holdings
NMRK Newmark Group
Price-To-Earnings vs Peers: NMRK is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (17.9x).
Price to Earnings Ratio vs Industry
How does NMRK's PE Ratio compare vs other companies in the US Real Estate Industry?
Price-To-Earnings vs Industry: NMRK is good value based on its Price-To-Earnings Ratio (5.9x) compared to the US Real Estate industry average (10x)
Price to Earnings Ratio vs Fair Ratio
What is NMRK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5.9x|
|Fair PE Ratio||35.1x|
Price-To-Earnings vs Fair Ratio: NMRK is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (35.1x).
Share Price vs Fair Value
What is the Fair Price of NMRK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NMRK ($10.8) is trading below our estimate of fair value ($30.81)
Significantly Below Fair Value: NMRK is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Newmark Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NMRK's forecast earnings growth (15.3% per year) is above the savings rate (1.9%).
Earnings vs Market: NMRK's earnings (15.3% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: NMRK's earnings are forecast to grow, but not significantly.
Revenue vs Market: NMRK's revenue (4.1% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: NMRK's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NMRK's Return on Equity is forecast to be high in 3 years time
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How has Newmark Group performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NMRK has a high level of non-cash earnings.
Growing Profit Margin: NMRK's current net profit margins (10.2%) are lower than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: NMRK's earnings have grown significantly by 37.5% per year over the past 5 years.
Accelerating Growth: NMRK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NMRK had negative earnings growth (-38.7%) over the past year, making it difficult to compare to the Real Estate industry average (19.7%).
Return on Equity
High ROE: NMRK's Return on Equity (26.7%) is considered high.
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How is Newmark Group's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NMRK's short term assets ($1.8B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: NMRK's short term assets ($1.8B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: NMRK's net debt to equity ratio (71.5%) is considered high.
Reducing Debt: NMRK's debt to equity ratio has increased from 85.9% to 89.7% over the past 5 years.
Debt Coverage: NMRK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NMRK's interest payments on its debt are well covered by EBIT.
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What is Newmark Group current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NMRK's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.51%).
High Dividend: NMRK's dividend (1.11%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Stability and Growth of Payments
Stable Dividend: NMRK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NMRK has only been paying a dividend for 4 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (4.7%), NMRK's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NMRK is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Barry Gosin (71 yo)
Mr. Barry M. Gosin has been the Chief Executive Officer of Newmark Group, Inc. (formerly known as Newmark Grubb Knight Frank Capital Group) and Newmark Grubb Knight Frank since 1979. He serves as the Chief...
CEO Compensation Analysis
Compensation vs Market: Barry's total compensation ($USD12.61M) is above average for companies of similar size in the US market ($USD5.40M).
Compensation vs Earnings: Barry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: NMRK's management team is considered experienced (2.4 years average tenure).
Experienced Board: NMRK's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NMRK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Newmark Group, Inc.'s employee growth, exchange listings and data sources
- Name: Newmark Group, Inc.
- Ticker: NMRK
- Exchange: NasdaqGS
- Founded: 1929
- Industry: Real Estate Services
- Sector: Real Estate
- Implied Market Cap: US$2.189b
- Market Cap: US$1.934b
- Shares outstanding: 203.12m
- Website: https://nmrk.com
Number of Employees
- Newmark Group, Inc.
- 125 Park Avenue
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/10 00:00|
|End of Day Share Price||2022/08/10 00:00|
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.