Loading...

CBRE Group

NYSE:CBRE
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CBRE
NYSE
$16B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
CBRE Share Price and Events
7 Day Returns
-1.7%
NYSE:CBRE
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-0.9%
NYSE:CBRE
-15.7%
US Real Estate
3%
US Market
CBRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CBRE Group (CBRE) -1.7% -6.8% -5.6% -0.9% 65.3% 62.3%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • CBRE outperformed the Real Estate industry which returned -15.7% over the past year.
  • CBRE underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CBRE
Industry
5yr Volatility vs Market

Value

 Is CBRE 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 CBRE 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CBRE Group.

NYSE:CBRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:CBRE
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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 21%) (31.32%))
1.258
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.258 * 5.96%)
10.23%

Discounted Cash Flow Calculation for NYSE:CBRE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CBRE 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.

NYSE:CBRE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.23%)
2019 1,041.00 Analyst x1 944.41
2020 1,258.00 Analyst x1 1,035.37
2021 1,378.00 Analyst x1 1,028.90
2022 1,487.00 Analyst x1 1,007.27
2023 1,610.00 Analyst x1 989.39
2024 1,712.76 Est @ 6.38% 954.88
2025 1,803.32 Est @ 5.29% 912.08
2026 1,884.83 Est @ 4.52% 864.84
2027 1,959.90 Est @ 3.98% 815.85
2028 2,030.59 Est @ 3.61% 766.84
Present value of next 10 years cash flows $9,319.82
NYSE:CBRE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2,030.59 × (1 + 2.73%) ÷ (10.23% – 2.73%)
$27,821.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $27,821.35 ÷ (1 + 10.23%)10
$10,506.57
NYSE:CBRE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9,319.82 + $10,506.57
$19,826.39
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19,826.39 / 329.10
$60.25
NYSE:CBRE Discount to Share Price
Calculation Result
Value per share (USD) From above. $60.25
Current discount Discount to share price of $47.30
= -1 x ($47.30 - $60.25) / $60.25
21.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CBRE Group is available for.
Intrinsic value
21%
Share price is $47.3 vs Future cash flow value of $60.25
Current Discount Checks
For CBRE Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CBRE Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CBRE Group's share price is below the future cash flow value, but not 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 CBRE Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CBRE Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CBRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.18
NYSE:CBRE Share Price ** NYSE (2019-05-17) in USD $47.3
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CBRE Group.

NYSE:CBRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CBRE Share Price ÷ EPS (both in USD)

= 47.3 ÷ 3.18

14.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CBRE Group is good value based on earnings compared to the US Real Estate industry average.
  • CBRE Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CBRE Group's expected growth come at a high price?
Raw Data
NYSE:CBRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:CBRE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.87x ÷ 9%

1.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CBRE Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CBRE Group's assets?
Raw Data
NYSE:CBRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.47
NYSE:CBRE Share Price * NYSE (2019-05-17) in USD $47.3
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:CBRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CBRE Share Price ÷ Book Value per Share (both in USD)

= 47.3 ÷ 15.47

3.06x

* Primary Listing of CBRE Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CBRE Group is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess CBRE Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. CBRE Group has a total score of 3/6, 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

 How is CBRE Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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!
Annual Growth Rate
9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CBRE Group expected to grow at an attractive rate?
  • CBRE Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CBRE Group's earnings growth is positive but not above the United States of America market average.
  • CBRE Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CBRE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CBRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9%
NYSE:CBRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6.4%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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
Raw Data
NYSE:CBRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CBRE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 29,850 1,580 1
2022-12-31 28,244 1,456 1
2021-12-31 26,308 1,323 3
2020-12-31 24,844 1,242 5
2019-12-31 23,252 1,501 1,082 5
NYSE:CBRE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 21,802 979 1,077
2018-12-31 21,340 1,131 1,063
2018-09-30 16,127 827 823
2018-06-30 15,504 736 732
2018-03-31 19,252 966 710
2017-12-31 18,629 894 697
2017-09-30 16,953 889 802
2017-06-30 15,508 543 707
2017-03-31 14,276 458 627
2016-12-31 17,369 617 573
2016-09-30 12,948 456 488
2016-06-30 12,467 484 533

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CBRE Group's earnings are expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
  • CBRE Group's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CBRE 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 5 Analyst Estimates (S&P Global) See Below

All data from CBRE Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CBRE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.91 4.91 4.91 1.00
2022-12-31 4.46 4.46 4.46 1.00
2021-12-31 3.88 4.07 3.56 3.00
2020-12-31 3.64 3.73 3.48 5.00
2019-12-31 3.18 3.22 3.12 5.00
NYSE:CBRE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.18
2018-12-31 3.13
2018-09-30 2.43
2018-06-30 2.16
2018-03-31 2.10
2017-12-31 2.06
2017-09-30 2.38
2017-06-30 2.10
2017-03-31 1.86
2016-12-31 1.71
2016-09-30 1.46
2016-06-30 1.60

*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.
  • CBRE Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CBRE Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CBRE Group has a total score of 2/6, 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 CBRE 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
Below we compare CBRE Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CBRE Group's year on year earnings growth rate has been positive over the past 5 years.
  • CBRE Group's 1-year earnings growth exceeds its 5-year average (51.7% vs 18.6%)
  • CBRE Group's earnings growth has exceeded the US Real Estate industry average in the past year (51.7% vs -15.8%).
Earnings and Revenue History
CBRE Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CBRE Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CBRE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 21,801.65 1,077.34 3,358.92
2018-12-31 21,340.09 1,063.22 3,312.58
2018-09-30 16,126.82 823.02 3,224.33
2018-06-30 15,504.46 731.64 3,070.58
2018-03-31 19,251.77 710.38 2,956.98
2017-12-31 18,628.79 697.11 2,831.37
2017-09-30 16,952.96 801.86 2,642.07
2017-06-30 15,507.86 706.94 2,626.80
2017-03-31 14,275.82 626.83 2,585.23
2016-12-31 17,369.11 573.08 2,613.16
2016-09-30 12,948.00 488.04 2,811.57
2016-06-30 12,467.07 533.00 2,776.15
2016-03-31 11,650.04 536.36 2,715.26
2015-12-31 10,855.81 547.13 2,633.61
2015-09-30 9,942.76 571.37 2,510.27
2015-06-30 9,505.28 529.34 2,475.77
2015-03-31 9,241.58 509.78 2,431.82
2014-12-31 9,049.92 484.50 2,428.44
2014-09-30 8,496.58 392.17 2,314.64
2014-06-30 7,955.37 379.51 2,218.84
2014-03-31 7,570.57 340.85 2,152.10
2013-12-31 7,184.79 289.54 2,104.31
2013-09-30 6,956.79 349.97 2,033.89
2013-06-30 6,780.07 295.23 1,994.83
2013-03-31 6,639.17 304.31 1,968.61
2012-12-31 6,514.10 314.92 1,931.35
2012-09-30 6,271.88 189.34 1,919.49
2012-06-30 6,249.19 213.44 1,919.53

*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.
  • CBRE Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • CBRE Group used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • CBRE Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CBRE Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CBRE Group has a total score of 5/6, 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 CBRE 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 CBRE Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CBRE Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CBRE Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CBRE Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x 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.
Raw Data

All data from CBRE Group Company Filings, last reported 1 month ago.

NYSE:CBRE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5,204.22 4,874.73 604.95
2018-12-31 5,009.90 3,100.24 777.22
2018-09-30 4,772.39 3,486.15 550.47
2018-06-30 4,516.87 3,836.06 531.48
2018-03-31 4,418.67 3,372.36 642.85
2017-12-31 4,174.61 2,915.19 751.77
2017-09-30 3,851.84 3,967.85 955.61
2017-06-30 3,583.03 3,605.40 535.68
2017-03-31 3,258.24 3,351.08 533.28
2016-12-31 3,057.25 3,816.01 762.58
2016-09-30 2,981.50 4,380.91 446.35
2016-06-30 2,903.77 3,685.63 431.77
2016-03-31 2,866.70 3,693.10 489.23
2015-12-31 2,759.07 4,451.84 540.40
2015-09-30 2,589.53 3,714.84 504.24
2015-06-30 2,503.53 2,519.46 406.10
2015-03-31 2,305.02 2,977.25 444.00
2014-12-31 2,301.40 2,357.06 740.88
2014-09-30 2,182.84 2,960.94 685.52
2014-06-30 2,174.28 3,001.70 453.19
2014-03-31 2,028.26 2,610.70 491.07
2013-12-31 1,936.01 2,517.28 550.35
2013-09-30 1,836.31 2,331.80 573.28
2013-06-30 1,711.45 2,702.39 517.34
2013-03-31 1,705.79 3,188.65 612.61
2012-12-31 1,681.81 3,751.44 1,191.31
2012-09-30 1,519.11 3,346.43 874.40
2012-06-30 1,434.94 3,347.18 812.39
  • CBRE Group's level of debt (93.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (128.8% vs 93.7% today).
  • Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.1x coverage).
X
Financial health checks
We assess CBRE Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CBRE Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 CBRE 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
Dividend payments
0%
Current annual income from CBRE Group dividends. Estimated to be 0% next year.
If you bought $2,000 of CBRE Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CBRE Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CBRE Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
NYSE:CBRE Annualized Past and Future Dividends
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 5 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 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 1.4%
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.

NYSE:CBRE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as CBRE Group has not reported any payouts.
  • Unable to verify if CBRE Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CBRE Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CBRE Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of CBRE Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess CBRE Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CBRE Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CBRE Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CBRE Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Sulentic
COMPENSATION $10,334,821
AGE 62
TENURE AS CEO 6.4 years
CEO Bio

Mr. Robert E. Sulentic, also known as Bob, has been the Chief Executive Officer and President of CBRE Group, Inc. (known as CB Richard Ellis Group Inc) since December 1, 2012 and since March 2009 respectively. Mr. Sulentic has a significant operating background in the commercial real estate industry through extensive experience. He served as the Chief Financial Officer of CBRE Group, Inc. from February 18, 2009 to March 2010 and President of Development Services from December 2006 to April 2011 and served as its Chief Executive Officer of Development Services Business and Group President from July 2009 to March 2010. He served as Group President of Development Services of Asia Pacific and Europe, Middle East and Africa of CBRE Group, Inc. from December 2006 to March 2009. He served as the President and Chief Executive Officer of Trammell Crow Company, a wholly-owned commercial real estate development subsidiary of CB Richard Ellis from October 2000 to December 2006. He served as an Executive Vice President and Chief Financial Officer of Trammell Crow Company from September 1998 to October 2000. From 1984 to 1994, Mr. Sulentic served at Trammell Crow Co. in various other capacities including as Project Partner in southern New Jersey since 1987, Partner in Edison and Voorhees, New Jersey from 1988 to 1990, Divisional Partner for New Jersey since 1990 and Managing Director of the Philadelphia Division since 1991 and also served as its Divisional Partner. He began his career with Trammell Crow Company in 1984 as an Industrial Leasing Agent in Houston, Texas. From December 1997 to August 1998, he served as an Executive Vice President and National Director of Development and Investment. From 1995 to July 1998, he served as President of Trammell Crow NE Inc. and served as its Chief Executive Officer. He served as Independent Chairman of Staples, Inc. since January 29, 2017 until September 2017. Mr. Sulentic served as the Chairman of Trammell Crow Co. from May 2002 to December 2006 and its Director from December 1997 to December 20, 2006. He served as an Independent Director of Staples, Inc. since September 17, 2007 until September 2017. He serves as a Director of CBRE Group, Inc. since December 2012. He serves as a Director of Baylor Health Care System Foundation. He serves as a Board Member of Greater Dallas Chamber. Mr. Sulentic served as a Director of CB Richard Ellis Group Inc. since December 2006. He served as Lead Independent Director of Staples, Inc. from June 1, 2015 to January 2017. He served as Director of CBRE Group from December 2006 to March 2009. He is a Member of Dallas Citizens Council. He is a Broker License, New Jersey. Mr. Sulentic holds Masters Business Administration from Harvard Business School and Bachelor of Arts in Computer Science from Iowa State University.

CEO Compensation
  • Bob's compensation has increased by more than 20% in the past year.
  • Bob's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CBRE Group management team in years:

1.1
Average Tenure
56
Average Age
  • The average tenure for the CBRE Group management team is less than 2 years, this suggests a new team.
Management Team

Bob Sulentic

TITLE
President
COMPENSATION
$10M
AGE
62
TENURE
6.4 yrs

Jack Durburg

TITLE
Global Chief Operating Officer
COMPENSATION
$4M
AGE
53
TENURE
0.8 yrs

Jim Groch

TITLE
Global Group President & Chief Investment Officer
COMPENSATION
$5M
AGE
56
TENURE
0.3 yrs

Mike Lafitte

TITLE
Global Chief Executive Officer of Advisory Services
COMPENSATION
$5M
AGE
57
TENURE
0.8 yrs

Bill Concannon

TITLE
Global Group President & CEO of Global Workplace Solutions
COMPENSATION
$4M
AGE
62
TENURE
6.8 yrs

Cal Frese

TITLE
Executive
COMPENSATION
$9M
AGE
61
TENURE
0.8 yrs

Leah Stearns

TITLE
Chief Financial Officer

Dara Bazzano

TITLE
Senior VP of Global Finance & Chief Accounting Officer
AGE
49
TENURE
1.1 yrs

Chandra Dhandapani

TITLE
Chief Digital & Technology Officer
AGE
50
TENURE
2.8 yrs

Chris Kirk

TITLE
Chief Executive Talent & Administrative Officer
AGE
52
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the CBRE Group board of directors in years:

3.5
Average Tenure
61
Average Age
  • The tenure for the CBRE Group board of directors is about average.
Board of Directors

Brandon Boze

TITLE
Chairman of the Board
COMPENSATION
$304K
AGE
38
TENURE
1 yrs

Bob Sulentic

TITLE
President
COMPENSATION
$10M
AGE
62
TENURE
6.4 yrs

Anshuman Magazine

TITLE
Chairman of India
TENURE
2.8 yrs

Curtis Feeny

TITLE
Director
COMPENSATION
$332K
AGE
61
TENURE
12.4 yrs

Chris Jenny

TITLE
Director
COMPENSATION
$321K
AGE
62
TENURE
3.3 yrs

Beth Cobert

TITLE
Director
COMPENSATION
$325K
AGE
59
TENURE
2 yrs

Ray Wirta

TITLE
Director
COMPENSATION
$301K
AGE
74
TENURE
17.7 yrs

Laura Tyson

TITLE
Director
COMPENSATION
$304K
AGE
71
TENURE
9.2 yrs

Gerry Lopez

TITLE
Director
COMPENSATION
$304K
AGE
59
TENURE
3.6 yrs

Paula G. Reynolds

TITLE
Director
COMPENSATION
$306K
AGE
61
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • CBRE Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. May 19 Sell Dara Bazzano Individual 15. May 19 15. May 19 -1,252 $47.51 $-59,479
13. Mar 19 Sell ValueAct Capital Management L.P. Company 11. Mar 19 11. Mar 19 -6,700,000 $49.51 $-331,717,000
13. Mar 19 Sell James Groch Individual 11. Mar 19 11. Mar 19 -50,000 $50.50 $-2,523,307
13. Mar 19 Sell J. Kirk Individual 11. Mar 19 11. Mar 19 -17,900 $50.53 $-904,568
13. Mar 19 Sell Michael Lafitte Individual 11. Mar 19 11. Mar 19 -32,706 $50.54 $-1,652,873
13. Mar 19 Sell Laurence Midler Individual 11. Mar 19 11. Mar 19 -13,848 $50.43 $-698,416
06. Dec 18 Buy Gerardo Lopez Individual 04. Dec 18 04. Dec 18 5,000 $42.41 $212,066
22. Aug 18 Sell William Concannon Individual 20. Aug 18 20. Aug 18 -28,878 $47.47 $-1,370,833
X
Management checks
We assess CBRE Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CBRE 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

Is CBRE Group, Inc. (NYSE:CBRE) Overpaying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … View our latest analysis for CBRE Group … How Does Bob Sulentic's Compensation Compare With Similar Sized Companies?

Simply Wall St -

CBRE Group, Inc. (NYSE:CBRE): Commentary On Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on CBRE Group, Inc.

Simply Wall St -

Estimating The Intrinsic Value Of CBRE Group, Inc. (NYSE:CBRE)

In this article we are going to estimate the intrinsic value of CBRE Group, Inc. … by estimating the company's future cash flows and discounting them to their present value. … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method.

Simply Wall St -

Should You Be Impressed By CBRE Group, Inc.'s (NYSE:CBRE) ROE?

Our data shows CBRE Group has a return on equity of 21% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did You Miss CBRE Group's (NYSE:CBRE) 88% Share Price Gain?

(NYSE:CBRE) share price is up 88% in the last 5 years, clearly besting than the market return of around 44% (ignoring dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, CBRE Group achieved compound earnings per share (EPS) growth of 29% per year.

Simply Wall St -

What Investors Should Know About CBRE Group, Inc.'s (NYSE:CBRE) Financial Strength

Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as CBRE Group, Inc. … I will provide an overview of CBRE Group’s financial liquidity and leverage to give you an idea of CBRE Group’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Check out our latest analysis for CBRE Group

Simply Wall St -

CBRE Group, Inc. (NYSE:CBRE) Insiders Have Been Selling

CBRE Group Insider Transactions Over The Last Year. … That means that even when the share price was below the current price of US$49.76, an insider wanted to cash in some shares. … All up, insiders sold more shares in CBRE Group than they bought, over the last year

Simply Wall St -

How Do Analysts See CBRE Group, Inc. (NYSE:CBRE) Performing In The Year Ahead?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … as a 2.7% rise in profits is expected in the upcoming year,

Simply Wall St -

How Should You Price CBRE Group, Inc.'s (NYSE:CBRE) Stock?

Knowing which valuation model to use for financial analysis can be incredibly confusing for even the most seasoned of investors. … For example, we can either look at CBRE Group, Inc.'s (NYSE:CBRE) cash flows or its peer group's valuation to decide how much the company is actually worth. … View our latest analysis for CBRE Group

Simply Wall St -

Estimating The Intrinsic Value Of CBRE Group, Inc. (NYSE:CBRE)

I am going to run you through how I calculated the intrinsic value of CBRE Group, Inc. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF).

Simply Wall St -

Company Info

Description

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. It also provides facilities management, project management, transaction management, and strategic consulting services to occupiers of real estate; and property management services comprising construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties. In addition, the company provides investment management services under the CBRE Global Investors brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; and development services under the Trammell Crow Company brand name primarily to users of and investors in commercial real estate. CBRE Group, Inc. was founded in 1906 and is headquartered in Los Angeles, California.

Details
Name: CBRE Group, Inc.
CBRE
Exchange: NYSE
Founded: 1906
$15,566,208,304
329,095,313
Website: http://www.cbre.com
Address: CBRE Group, Inc.
400 South Hope Street,
25th Floor,
Los Angeles,
California, 90071,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CBRE Class A Common Stock New York Stock Exchange US USD 10. Jun 2004
DB RF6 Class A Common Stock Deutsche Boerse AG DE EUR 10. Jun 2004
LSE 0HQP Class A Common Stock London Stock Exchange GB USD 10. Jun 2004
Number of employees
Current staff
Staff numbers
90,000
CBRE Group employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:56
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
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.