Cushman & Wakefield
- Home ›
- US ›
- Real Estate
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The last earnings update was 15 days ago. More info.
Add to Portfolio Compare Print
CWK Share Price and Events
7 Day Returns
1 Year Returns
CWK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Cushman & Wakefield (CWK) | -3.1% | -4.4% | -3.6% | - | - | - |
| US Real Estate | -0.8% | -6.9% | -9.9% | -16.5% | 14.5% | 1% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- No trading data on CWK.
- No trading data on CWK.
CWK Value
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
Cushman & Wakefield
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 Cushman & Wakefield.
| 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 | 12% |
| 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 | 1.11 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 21%) (82.6%)) |
1.556 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.56 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.556 * 5.96%) |
12.01% |
Discounted Cash Flow Calculation for NYSE:CWK using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Cushman & Wakefield 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 (@ 12.01%) |
|
|---|---|---|---|
| 2019 | 323.00 | Analyst x1 | 288.38 |
| 2020 | 360.00 | Analyst x1 | 286.96 |
| 2021 | 392.00 | Analyst x1 | 278.97 |
| 2022 | 418.58 | Est @ 6.78% | 265.95 |
| 2023 | 441.87 | Est @ 5.57% | 250.66 |
| 2024 | 462.71 | Est @ 4.71% | 234.34 |
| 2025 | 481.77 | Est @ 4.12% | 217.84 |
| 2026 | 499.60 | Est @ 3.7% | 201.69 |
| 2027 | 516.65 | Est @ 3.41% | 186.21 |
| 2028 | 533.21 | Est @ 3.21% | 171.58 |
| Present value of next 10 years cash flows | $2,382.56 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $533.21 × (1 + 2.73%) ÷ (12.01% – 2.73%) |
$5,904.86 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,904.86 ÷ (1 + 12.01%)10 |
$1,900.09 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,382.56 + $1,900.09 |
$4,282.66 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $4,282.66 / 216.77 |
$19.76 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $19.76 |
| Current discount | Discount to share price of
$18.01
= -1 x ($18.01 - $19.76) / $19.76 |
8.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Cushman & Wakefield's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Cushman & Wakefield'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 Cushman & Wakefield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Cushman & Wakefield'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 | $-0.60 |
| NYSE:CWK Share Price ** | NYSE (2019-05-22) in USD | $18.01 |
| United States of America Real Estate Industry PE Ratio | Median Figure of 26 Publicly-Listed Real Estate Companies | 15.11x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Cushman & Wakefield.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CWK Share Price ÷ EPS (both in USD) = 18.01 ÷ -0.60 |
-29.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cushman & Wakefield is loss making, we can't compare its value to the US Real Estate industry average.
- Cushman & Wakefield is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Cushman & Wakefield's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -29.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
58.2%per year |
| United States of America Real Estate Industry PEG Ratio | Median Figure of 12 Publicly-Listed Real Estate Companies | 0.45x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Cushman & Wakefield, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Cushman & Wakefield's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $6.14 |
| NYSE:CWK Share Price * | NYSE (2019-05-22) in USD | $18.01 |
| United States of America Real Estate Industry PB Ratio | Median Figure of 51 Publicly-Listed Real Estate Companies | 1.51x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CWK Share Price ÷ Book Value per Share (both in USD) = 18.01 ÷ 6.14 |
2.93x |
* Primary Listing of Cushman & Wakefield.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cushman & Wakefield is overvalued based on assets compared to the US Real Estate industry average.
Value checks
We assess Cushman & Wakefield'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) Cushman & Wakefield has a total score of 0/6, 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.
CWK 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
- Cushman & Wakefield's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Cushman & Wakefield's earnings growth is expected to exceed the United States of America market average.
- Cushman & Wakefield'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) |
|---|---|---|
| NYSE:CWK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 58.2% |
| NYSE:CWK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 5.8% |
| United States of America Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| 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 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 9,825 | 499 | 300 | 2 |
| 2020-12-31 | 9,357 | 461 | 223 | 3 |
| 2019-12-31 | 8,798 | 419 | 170 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 8,355 | -47 | -114 |
| 2018-12-31 | 8,220 | -2 | -186 |
| 2018-09-30 | 7,871 | 207 | -150 |
| 2018-06-30 | 7,504 | 64 | -179 |
| 2018-03-31 | 7,230 | 8 | -195 |
| 2017-12-31 | 6,924 | 4 | -221 |
| 2016-12-31 | 6,216 | -335 | -434 |
*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 5 Analyst Estimates (S&P Global) | See Below |
All data from Cushman & Wakefield 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 |
|---|---|---|---|---|
| 2021-12-31 | 1.31 | 1.32 | 1.31 | 2.00 |
| 2020-12-31 | 0.98 | 1.13 | 0.91 | 3.00 |
| 2019-12-31 | 0.76 | 0.82 | 0.69 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -0.60 |
| 2018-12-31 | -1.09 |
| 2018-09-30 | -0.96 |
| 2018-06-30 | -1.24 |
| 2018-03-31 | -1.35 |
| 2017-12-31 | -1.54 |
| 2016-12-31 | -3.07 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Cushman & Wakefield'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)
Cushman & Wakefield has a total score of 4/6, 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.
CWK Past Performance
How has Cushman & Wakefield 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
- Cushman & Wakefield does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Cushman & Wakefield's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Cushman & Wakefield's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
All data from Cushman & Wakefield 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 | 8,355.20 | -113.80 | 1,266.10 | |
| 2018-12-31 | 8,219.90 | -185.80 | 1,274.30 | |
| 2018-09-30 | 7,870.70 | -149.50 | 1,242.40 | |
| 2018-06-30 | 7,504.00 | -179.40 | 1,211.00 | |
| 2018-03-31 | 7,230.30 | -194.50 | 1,180.10 | |
| 2017-12-31 | 6,923.90 | -221.30 | 1,167.10 | |
| 2016-12-31 | 6,215.70 | -434.20 | 1,152.50 | |
| 2015-12-31 | 4,193.20 | -473.70 | 810.30 |
*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.
- It is difficult to establish if Cushman & Wakefield has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- Cushman & Wakefield used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
- It is difficult to establish if Cushman & Wakefield improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Cushman & Wakefield'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)
Cushman & Wakefield has a total score of 0/6, 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.
CWK Health
How is Cushman & Wakefield'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 Cushman & Wakefield's finances.
The net worth of a company is the difference between its assets and liabilities.
- Cushman & Wakefield is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Cushman & Wakefield's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.7x 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 Cushman & Wakefield Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,330.40 | 3,224.60 | 411.00 |
| 2018-12-31 | 1,360.10 | 2,709.20 | 895.30 |
| 2018-09-30 | 1,409.10 | 2,703.60 | 939.00 |
| 2018-06-30 | 440.60 | 3,042.50 | 382.40 |
| 2018-03-31 | 485.60 | 3,069.20 | 438.70 |
| 2017-12-31 | 499.40 | 2,843.90 | 405.60 |
| 2016-12-31 | 590.00 | 2,663.30 | 382.30 |
| 2015-12-31 |
- Cushman & Wakefield's level of debt (242.4%) compared to net worth is high (greater than 40%).
- Unable to establish if Cushman & Wakefield's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Cushman & Wakefield has sufficient cash runway for more than 3 years based on current free cash flow.
- Cushman & Wakefield has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -108.2% each year.
Financial health checks
We assess Cushman & Wakefield'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) Cushman & Wakefield 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.
CWK Dividends
What is Cushman & Wakefield'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
Cushman & Wakefield
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Cushman & Wakefield's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Cushman & Wakefield'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.
| 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 | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.00 | 5.00 |
| 2020-12-31 | 0.00 | 5.00 |
| 2019-12-31 | 0.00 | 5.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Cushman & Wakefield has not reported any payouts.
- Unable to verify if Cushman & Wakefield's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Cushman & Wakefield'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 Cushman & Wakefield afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Cushman & Wakefield 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.
CWK Management
CEO
| COMPENSATION | $49,239,960 |
| AGE | 58 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Brett White serves as Executive Chairman and Chief Executive Officer at DTZ Jersey Holdings Limited and he also serves as its Director. Mr. White served as President of DTZ Jersey Holdings Limited. He has served as Executive Chairman and Chief Executive Officer of Cushman & Wakefield since 2015. Prior to joining Cushman & Wakefield, Mr. White had a 28-year career with CBRE, serving as Chief Executive Officer from 2005 to 2012 and President from 2001 to 2005. He was also a member of CBRE’s Board of Directors from 1998 to 2013. He currently serves as a member of the board of directors of Edison International and Southern California Edison. Previously, he served as a trustee of the University of San Francisco and as a member of the board of directors for Realogy Holdings Corporation and Mossimo, Inc. Mr. White holds a B.A. in Biology from the University of California, Santa Barbara.
CEO Compensation
- Brett's compensation has increased whilst company is loss making.
- Brett'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 Cushman & Wakefield management team in years:
- The tenure for the Cushman & Wakefield management team is about average.
Management Team
Brett White
Executive Chairman & CEO
$49M
58
4.3 yrs
John Forrester
Executive VP & Global President
$8M
55
1.4 yrs
Duncan Palmer
Executive VP & CFO
$6M
53
5.3 yrs
Brett Soloway
Executive VP
$2M
49
5.3 yrs
Michelle Hay
Executive VP & Chief Human Resources Officer
$2M
49
2.3 yrs
Nate Robinson
Executive VP of Strategic Planning & Chief Investment Officer
1.3 yrs
Adam Stanley
Chief Information Officer & Chief Digital Officer
Bill Knightly
Executive VP of Investor Relations & Treasurer
Brad Kreiger
Chief Marketing & Communications Officer
1.3 yrs
Matthew Bouw
Chief Executive Officer of Asia Pacific
$807K
Board of Directors Tenure
Average tenure and age of the Cushman & Wakefield board of directors in years:
- The average tenure for the Cushman & Wakefield board of directors is less than 3 years, this suggests a new board.
Board of Directors
Lincoln Pan
Director
41
2.3 yrs
Brett White
Executive Chairman & CEO
$49M
58
4.3 yrs
Tim Dattels
Lead Director
54
Billie Williamson
Director
$183K
66
1.3 yrs
Raju Ruparelia
Director
42
5.3 yrs
Jonathan Coslet
Independent Director
54
1.3 yrs
Elaine Qi
Independent Director
41
5.3 yrs
Jodie McLean
Independent Director
$110K
49
0.6 yrs
Michelle MacKay
Independent Director
$92K
52
0.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Apr 19 | Sell | TPG Capital, L.P. | Company | 12. Apr 19 | 12. Apr 19 | -1,909,557 | $17.08 | $-32,623,636 | ||
| 16. Apr 19 | Sell | Ontario Teachers' Pension Plan Board | Company | 12. Apr 19 | 12. Apr 19 | -233,682 | $17.08 | $-3,992,317 | ||
| 16. Apr 19 | Sell | W. White | Individual | 12. Apr 19 | 12. Apr 19 | -13,575 | $17.08 | $-231,921 | ||
| 26. Mar 19 | Sell | TPG Capital, L.P. | Company | 22. Mar 19 | 22. Mar 19 | -14,499,822 | $17.08 | $-247,720,759 | ||
| 26. Mar 19 | Sell | PAGAC Drone Holding GP I Ltd | Company | 22. Mar 19 | 22. Mar 19 | 0 | $17.08 | $0 | ||
| 26. Mar 19 | Sell | PAG Asia Capital | Company | 22. Mar 19 | 22. Mar 19 | -74,660 | $17.08 | $-1,275,521 | ||
| 26. Mar 19 | Sell | Dtz Investment Holdings Genpar Llp | Company | 22. Mar 19 | 22. Mar 19 | -26,080 | $17.08 | $-445,561 | ||
| 26. Mar 19 | Sell | Ontario Teachers' Pension Plan Board | Company | 22. Mar 19 | 22. Mar 19 | -1,762,266 | $17.08 | $-30,107,257 | ||
| 26. Mar 19 | Sell | DTZ Investment Holdings LP | Company | 22. Mar 19 | 22. Mar 19 | -200,000 | $17.08 | $-3,416,880 | ||
| 26. Mar 19 | Sell | W. White | Individual | 22. Mar 19 | 22. Mar 19 | -103,645 | $17.08 | $-1,770,713 | ||
Management checks
We assess Cushman & Wakefield'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) Cushman & Wakefield 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.
CWK News
Simply Wall St News
A Look At The Fair Value Of Cushman & Wakefield plc (NYSE:CWK)
Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth … In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate.
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Cushman & Wakefield plc (NYSE:CWK)?
The big shareholder groups in Cushman & Wakefield plc (NYSE:CWK) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Cushman & Wakefield has a market capitalization of US$3.8b, so it's too big to fly under the radar.
Simply Wall St - – Full articleAnalysts Expect Breakeven For Cushman & Wakefield plc (NYSE:CWK)
Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. … With the latest financial year loss of -US$220m and a trailing-twelve month of -US$178m, the US$3.7b market-cap alleviates its loss by moving closer towards its target of breakeven. … I’ve put together a brief outline of industry analyst expectations for CWK, its year of breakeven and its implied growth rate
Simply Wall St - – Full articleEstimating The Intrinsic Value Of Cushman & Wakefield plc (NYSE:CWK)
Does the share price for Cushman & Wakefield plc (NYSE:CWK) reflect it's really worth? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleCWK Company Info
Description
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services. The company also provides owner representation and tenant representation leasing services; capital market services, such as investment sales and equity, and debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions. It serves real estate owners and occupiers. Cushman & Wakefield plc was founded in 1784 and is headquartered in Chicago, Illinois.
Details
| Name: | Cushman & Wakefield plc |
| CWK | |
| Exchange: | NYSE |
| Founded: | 1784 |
| $3,904,096,011 | |
| 216,773,793 | |
| Website: | http://www.cushmanwakefield.com |
| Address: |
Cushman & Wakefield plc 225 West Wacker Drive, Suite 3000, Chicago, Illinois, 60606, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CWK | New Ordinary shares | New York Stock Exchange | US | USD | 02. Aug 2018 |
Number of employees
Current staff
Industry
| Real Estate Services | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 06:48 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/15 |
| Last earnings filing: | 2019/05/08 |
| 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.
