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CBRE

CBRE GroupNYSE:CBRE Stock Report

Market Cap

US$34.2b

7D

2.4%

1Y

122.7%

Updated

23 Oct, 2021

Data

Company Financials +
CBRE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends0/6

CBRE Overview

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide.

CBRE Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CBRE Group
Historical stock prices
Current Share PriceUS$103.92
52 Week HighUS$43.17
52 Week LowUS$104.26
Beta1.44
1 Month Change8.19%
3 Month Change18.45%
1 Year Change122.72%
3 Year Change168.04%
5 Year Change300.31%
Change since IPO1,598.96%

Recent News & Updates

Sep 06

CBRE: Capitalizing On Secular Growth Drivers

CBRE is influenced by cyclical trends, but we believe there are also secular growth drivers such as flexible workplaces and ESG factors. As the market leader in commercial real estate, it remains strongly positioned to meet these needs, gain market share and diversify into new business opportunities. With a strong outlook for earnings growth resulting in predictable free cash flow generation, we reiterate our bullish stance.

Sep 03
Is Now The Time To Look At Buying CBRE Group, Inc. (NYSE:CBRE)?

Is Now The Time To Look At Buying CBRE Group, Inc. (NYSE:CBRE)?

Today we're going to take a look at the well-established CBRE Group, Inc. ( NYSE:CBRE ). The company's stock saw a...

Aug 21
A Look At The Intrinsic Value Of CBRE Group, Inc. (NYSE:CBRE)

A Look At The Intrinsic Value Of CBRE Group, Inc. (NYSE:CBRE)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of CBRE Group, Inc...

Shareholder Returns

CBREUS Real EstateUS Market
7D2.4%4.1%1.7%
1Y122.7%-7.0%30.3%

Return vs Industry: CBRE exceeded the US Real Estate industry which returned -7% over the past year.

Return vs Market: CBRE exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is CBRE's price volatile compared to industry and market?
CBRE volatility
CBRE Beta1.44
Industry Beta1.58
Market Beta1

Stable Share Price: CBRE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CBRE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1906100,000Bob Sulentichttps://www.cbre.com

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; 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.

CBRE Group Fundamentals Summary

How do CBRE Group's earnings and revenue compare to its market cap?
CBRE fundamental statistics
Market CapUS$34.20b
Earnings (TTM)US$1.21b
Revenue (TTM)US$24.95b

28.3x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CBRE income statement (TTM)
RevenueUS$24.95b
Cost of RevenueUS$19.63b
Gross ProfitUS$5.32b
ExpensesUS$4.12b
EarningsUS$1.21b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)3.67
Gross Margin21.33%
Net Profit Margin4.84%
Debt/Equity Ratio36.5%

How did CBRE perform over the long term?

See historical performance and comparison

Valuation

Is CBRE Group undervalued compared to its fair value and its price relative to the market?

28.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CBRE ($103.92) is trading above our estimate of fair value ($96.93)

Significantly Below Fair Value: CBRE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CBRE is poor value based on its PE Ratio (28.3x) compared to the US Real Estate industry average (24.5x).

PE vs Market: CBRE is poor value based on its PE Ratio (28.3x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: CBRE is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: CBRE is overvalued based on its PB Ratio (4.5x) compared to the US Real Estate industry average (1.4x).


Future Growth

How is CBRE Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBRE's forecast earnings growth (5.4% per year) is above the savings rate (2%).

Earnings vs Market: CBRE's earnings (5.4% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: CBRE's earnings are forecast to grow, but not significantly.

Revenue vs Market: CBRE's revenue (7.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CBRE's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CBRE's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has CBRE Group performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBRE has high quality earnings.

Growing Profit Margin: CBRE's current net profit margins (4.8%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: CBRE's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: CBRE's earnings growth over the past year (5.1%) is below its 5-year average (14% per year).

Earnings vs Industry: CBRE earnings growth over the past year (5.1%) underperformed the Real Estate industry 61.9%.


Return on Equity

High ROE: CBRE's Return on Equity (14.9%) is considered low.


Financial Health

How is CBRE Group's financial position?


Financial Position Analysis

Short Term Liabilities: CBRE's short term assets ($8.9B) exceed its short term liabilities ($6.4B).

Long Term Liabilities: CBRE's short term assets ($8.9B) exceed its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: CBRE's debt to equity ratio (36.5%) is considered satisfactory.

Reducing Debt: CBRE's debt to equity ratio has reduced from 127.1% to 36.5% over the past 5 years.

Debt Coverage: CBRE's debt is well covered by operating cash flow (68.6%).

Interest Coverage: CBRE's interest payments on its debt are well covered by EBIT (24.5x coverage).


Balance Sheet


Dividend

What is CBRE Group current dividend yield, its reliability and sustainability?

0.23%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CBRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CBRE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CBRE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CBRE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CBRE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Bob Sulentic (65 yo)

8.83yrs

Tenure

US$11,993,465

Compensation

Mr. Robert E. Sulentic, also known as Bob, serves as Chair of Board of Directors of CBRE Acquisition Holdings, Inc. Mr. Sulentic serves as the Chief Executive Officer and President of CBRE Group, Inc. (als...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD11.99M) is about average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CBRE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CBRE's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CBRE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CBRE Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: CBRE Group, Inc.
  • Ticker: CBRE
  • Exchange: NYSE
  • Founded: 1906
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: US$34.195b
  • Shares outstanding: 329.05m
  • Website: https://www.cbre.com

Number of Employees


Location

  • CBRE Group, Inc.
  • 2100 McKinney Avenue
  • Suite 1250
  • Dallas
  • Texas
  • 75201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 22:10
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.