CUSHMAN & WAKEFIELD PLC (CWK)
GB00BFZ4N465 - Common Stock
Taking everything into account, CWK scores 4 out of 10 in our fundamental rating. CWK was compared to 67 industry peers in the Real Estate Management & Development industry. There are concerns on the financial health of CWK while its profitability can be described as average. CWK scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CWK was profitable.
CWK had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CWK reported negative net income in multiple years.
Of the past 5 years CWK 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -0.46%, CWK perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
CWK has a better Return On Equity (-2.11%) than 60.61% of its industry peers.
CWK has a Return On Invested Capital of 3.58%. This is in the better half of the industry: CWK outperforms 77.27% of its industry peers.
CWK had an Average Return On Invested Capital over the past 3 years of 6.39%. This is in line with the industry average of 5.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.46% | ||
| ROE | -2.11% | ||
| ROIC | 3.58% |
ROA(3y)1.73%
ROA(5y)0.43%
ROE(3y)8.99%
ROE(5y)1.35%
ROIC(3y)6.39%
ROIC(5y)4.49%
1.3 Margins
CWK has a better Operating Margin (2.57%) than 65.15% of its industry peers.
CWK's Operating Margin has improved in the last couple of years.
CWK has a Gross Margin (17.40%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CWK has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.57% | ||
| PM (TTM) | N/A | ||
| GM | 17.4% |
OM growth 3Y269.23%
OM growth 5Y55.78%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.55%
GM growth 5Y-1.94%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CWK is destroying value.
CWK has more shares outstanding than it did 1 year ago.
CWK has more shares outstanding than it did 5 years ago.
CWK has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.40, we must say that CWK is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.40, CWK is in line with its industry, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of CWK is 32.08, which is on the high side as it means it would take CWK, 32.08 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 32.08, CWK perfoms like the industry average, outperforming 57.58% of the companies in the same industry.
A Debt/Equity ratio of 1.85 is on the high side and indicates that CWK has dependencies on debt financing.
CWK's Debt to Equity ratio of 1.85 is on the low side compared to the rest of the industry. CWK is outperformed by 71.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 32.08 | ||
| Altman-Z | 1.4 |
ROIC/WACC0.52
WACC6.88%
2.3 Liquidity
A Current Ratio of 1.17 indicates that CWK should not have too much problems paying its short term obligations.
CWK has a worse Current ratio (1.17) than 62.12% of its industry peers.
CWK has a Quick Ratio of 1.17. This is a normal value and indicates that CWK is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of CWK (1.17) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The earnings per share for CWK have decreased strongly by -58.00% in the last year.
CWK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.22% yearly.
CWK shows a decrease in Revenue. In the last year, the revenue decreased by -6.06%.
CWK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.92% yearly.
EPS 1Y (TTM)-58%
EPS 3Y1.22%
EPS 5YN/A
EPS growth Q2Q-2.17%
Revenue 1Y (TTM)-6.06%
Revenue growth 3Y6.57%
Revenue growth 5Y2.92%
Revenue growth Q2Q-3.57%
3.2 Future
Based on estimates for the next years, CWK will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.91% on average per year.
The Revenue is expected to grow by 4.69% on average over the next years.
EPS Next Y17.11%
EPS Next 2Y21.81%
EPS Next 3Y20.36%
EPS Next 5Y11.91%
Revenue Next Year2.39%
Revenue Next 2Y3.96%
Revenue Next 3Y4.38%
Revenue Next 5Y4.69%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.68 indicates a reasonable valuation of CWK.
Based on the Price/Earnings ratio, CWK is valued cheaper than 89.39% of the companies in the same industry.
CWK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.20.
The Price/Forward Earnings ratio is 9.98, which indicates a very decent valuation of CWK.
CWK's Price/Forward Earnings ratio is rather cheap when compared to the industry. CWK is cheaper than 92.42% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.63, CWK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 9.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CWK is valued cheaper than 83.33% of the companies in the same industry.
78.79% of the companies in the same industry are more expensive than CWK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.21 | ||
| EV/EBITDA | 12 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CWK's earnings are expected to grow with 20.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.68
PEG (5Y)N/A
EPS Next 2Y21.81%
EPS Next 3Y20.36%
5. Dividend
5.1 Amount
No dividends for CWK!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CUSHMAN & WAKEFIELD PLC
NYSE:CWK (4/26/2024, 11:06:52 AM)
9.815
+0.24 (+2.56%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.25B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 9.98 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.68
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.46% | ||
| ROE | -2.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.57% | ||
| PM (TTM) | N/A | ||
| GM | 17.4% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-58%
EPS 3Y1.22%
EPS 5Y
EPS growth Q2Q
EPS Next Y17.11%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.06%
Revenue growth 3Y6.57%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y