Cushman & Wakefield
Market Cap
US$2.6b
Last Updated
2020/10/31 00:46 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
No risks detected for CWK from our risk checks.
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Cushman & Wakefield's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CWK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.0%
CWK
-0.3%
US Real Estate
-5.3%
US Market
1 Year Return
-39.1%
CWK
-16.9%
US Real Estate
10.4%
US Market
Return vs Industry: CWK underperformed the US Real Estate industry which returned -14.8% over the past year.
Return vs Market: CWK underperformed the US Market which returned 12% over the past year.
Shareholder returns
| CWK | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -0.3% | -5.3% |
| 30 Day | 6.4% | 8.7% | -2.1% |
| 90 Day | 9.5% | 15.0% | 1.7% |
| 1 Year | -39.1%-39.1% | -14.7%-16.9% | 12.9%10.4% |
| 3 Year | n/a | -10.5%-17.2% | 34.3%25.4% |
| 5 Year | n/a | -9.1%-19.2% | 73.7%54.3% |
Price Volatility Vs. Market
How volatile is Cushman & Wakefield's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Cushman & Wakefield (NYSE:CWK) Have A Healthy Balance Sheet?4 weeks ago | Simply Wall St
Did Cushman & Wakefield plc (NYSE:CWK) Insiders Sell Shares?1 month ago | Simply Wall St
Is Now An Opportune Moment To Examine Cushman & Wakefield plc (NYSE:CWK)?Valuation
Is Cushman & Wakefield undervalued compared to its fair value and its price relative to the market?
35.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CWK ($11.72) is trading below our estimate of fair value ($18.15)
Significantly Below Fair Value: CWK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CWK is unprofitable, so we can't compare its PE Ratio to the US Real Estate industry average.
PE vs Market: CWK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CWK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CWK is overvalued based on its PB Ratio (2.5x) compared to the US Real Estate industry average (1x).
Next Steps
Future Growth
How is Cushman & Wakefield forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
71.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CWK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: CWK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CWK's is expected to become profitable in the next 3 years.
Revenue vs Market: CWK's revenue (7.4% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: CWK's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CWK's Return on Equity is forecast to be high in 3 years time (23.6%)
Next Steps
Past Performance
How has Cushman & Wakefield performed over the past 5 years?
60.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CWK is currently unprofitable.
Growing Profit Margin: CWK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CWK is unprofitable, but has reduced losses over the past 5 years at a rate of 60% per year.
Accelerating Growth: Unable to compare CWK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CWK is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (16.8%).
Return on Equity
High ROE: CWK has a negative Return on Equity (-13.7%), as it is currently unprofitable.
Next Steps
Financial Health
How is Cushman & Wakefield's financial position?
Financial Position Analysis
Short Term Liabilities: CWK's short term assets ($2.6B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: CWK's short term assets ($2.6B) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: CWK's debt to equity ratio (335.4%) is considered high.
Reducing Debt: Insufficient data to determine if CWK's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
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.
Stable Cash Runway: Whilst unprofitable CWK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CWK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 56.5% per year.
Next Steps
Dividend
What is Cushman & Wakefield current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CWK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CWK'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 CWK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CWK'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 CWK'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?
2.8yrs
Average management tenure
CEO
Brett White (60 yo)
5.75yrs
Tenure
US$9,252,912
Compensation
Mr. Brett White serves as Executive Chairman and Chief Executive Officer at DTZ Jersey Holdings Limited and he also serves as its Director. Mr. White served as President of DTZ Jersey Holdings Limited. He ...
CEO Compensation Analysis
Compensation vs Market: Brett's total compensation ($USD9.25M) is above average for companies of similar size in the US market ($USD5.63M).
Compensation vs Earnings: Brett's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CEO | 5.75yrs | US$9.25m | 0.44% $ 11.4m | |
| Executive VP & Global President | 2.83yrs | US$4.51m | 0.075% $ 2.0m | |
| Executive VP & CFO | 6.75yrs | US$4.18m | 0.042% $ 1.1m | |
| Chief Operating Officer | 0.58yr | US$256.94k | 0.0021% $ 53.9k | |
| Executive VP of Strategic Planning & Chief Investment Officer | 2.75yrs | US$1.33m | 0.025% $ 645.2k | |
| Executive VP | 6.75yrs | US$1.71m | 0.038% $ 1.0m | |
| Global Controller | 0.58yr | no data | 0.0012% $ 31.7k | |
| Chief Information Officer & Chief Digital Officer | no data | no data | no data | |
| Chief Marketing & Communications Officer | 2.75yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.75yrs | US$1.59m | 0.0066% $ 173.2k | |
| Chief Executive Officer of Asia Pacific | no data | US$806.70k | no data | |
| MD & Leader of Automotive Advisory Group | no data | no data | no data |
2.8yrs
Average Tenure
54yo
Average Age
Experienced Management: CWK's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CEO | 5.75yrs | US$9.25m | 0.44% $ 11.4m | |
| Independent Director | 1.25yrs | US$222.09k | 0.0044% $ 115.9k | |
| Independent Director | 2.25yrs | no data | no data | |
| Independent Director | 2yrs | US$258.75k | 0.0068% $ 177.7k | |
| Independent Lead Director | no data | no data | no data | |
| Independent Director | 3.75yrs | no data | no data | |
| Independent Director | 2.25yrs | US$275.00k | 0.0078% $ 203.3k | |
| Independent Director | 6.75yrs | no data | no data | |
| Director | 0.17yr | no data | no data | |
| Independent Director | 6.75yrs | no data | no data |
2.3yrs
Average Tenure
53.5yo
Average Age
Experienced Board: CWK's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Cushman & Wakefield plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cushman & Wakefield plc
- Ticker: CWK
- Exchange: NYSE
- Founded: 1784
- Industry: Real Estate Services
- Sector: Real Estate
- Market Cap: US$2.617b
- Shares outstanding: 220.62m
- Website: https://www.cushmanwakefield.com
Number of Employees
Location
- Cushman & Wakefield plc
- 225 West Wacker Drive
- Suite 3000
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CWK | NYSE (New York Stock Exchange) | Yes | New Ordinary shares | US | USD | Aug 2018 |
Biography
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 company’s operating segments ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/31 00:46 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.