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CUSHMAN & WAKEFIELD PLC (CWK) Stock Fundamental Analysis

NYSE:CWK - New York Stock Exchange, Inc. - GB00BFZ4N465 - Common Stock - Currency: USD

11.7  -0.13 (-1.1%)

After market: 11.7 0 (0%)

Fundamental Rating

5

Taking everything into account, CWK scores 5 out of 10 in our fundamental rating. CWK was compared to 65 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on CWK.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year CWK was profitable.
In the past year CWK had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CWK reported negative net income in multiple years.
CWK had a positive operating cash flow in 4 of the past 5 years.
CWK Yearly Net Income VS EBIT VS OCF VS FCFCWK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M

1.2 Ratios

The Return On Assets of CWK (2.19%) is better than 73.85% of its industry peers.
CWK's Return On Equity of 9.12% is amongst the best of the industry. CWK outperforms 84.62% of its industry peers.
The Return On Invested Capital of CWK (5.86%) is better than 83.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CWK is in line with the industry average of 5.47%.
The 3 year average ROIC (5.38%) for CWK is below the current ROIC(5.86%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.19%
ROE 9.12%
ROIC 5.86%
ROA(3y)1.25%
ROA(5y)0.78%
ROE(3y)5.72%
ROE(5y)2.85%
ROIC(3y)5.38%
ROIC(5y)4.72%
CWK Yearly ROA, ROE, ROICCWK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

CWK's Profit Margin of 1.70% is fine compared to the rest of the industry. CWK outperforms 64.62% of its industry peers.
In the last couple of years the Profit Margin of CWK has declined.
CWK has a Operating Margin of 4.27%. This is in the better half of the industry: CWK outperforms 63.08% of its industry peers.
In the last couple of years the Operating Margin of CWK has grown nicely.
CWK's Gross Margin of 18.42% is in line compared to the rest of the industry. CWK outperforms 41.54% of its industry peers.
CWK's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.27%
PM (TTM) 1.7%
GM 18.42%
OM growth 3Y-11.34%
OM growth 5Y12.08%
PM growth 3Y-19.48%
PM growth 5YN/A
GM growth 3Y-4.01%
GM growth 5Y-2%
CWK Yearly Profit, Operating, Gross MarginsCWK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

3

2. Health

2.1 Basic Checks

CWK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CWK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CWK has more shares outstanding
The debt/assets ratio for CWK has been reduced compared to a year ago.
CWK Yearly Shares OutstandingCWK Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CWK Yearly Total Debt VS Total AssetsCWK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

CWK has an Altman-Z score of 1.64. This is a bad value and indicates that CWK is not financially healthy and even has some risk of bankruptcy.
CWK's Altman-Z score of 1.64 is in line compared to the rest of the industry. CWK outperforms 58.46% of its industry peers.
CWK has a debt to FCF ratio of 22.20. This is a negative value and a sign of low solvency as CWK would need 22.20 years to pay back of all of its debts.
CWK has a Debt to FCF ratio of 22.20. This is in the better half of the industry: CWK outperforms 69.23% of its industry peers.
CWK has a Debt/Equity ratio of 1.64. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.64, CWK is doing worse than 73.85% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF 22.2
Altman-Z 1.64
ROIC/WACC0.77
WACC7.64%
CWK Yearly LT Debt VS Equity VS FCFCWK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.18 indicates that CWK should not have too much problems paying its short term obligations.
CWK's Current ratio of 1.18 is in line compared to the rest of the industry. CWK outperforms 44.62% of its industry peers.
CWK has a Quick Ratio of 1.18. This is a normal value and indicates that CWK is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.18, CWK perfoms like the industry average, outperforming 47.69% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.18
CWK Yearly Current Assets VS Current LiabilitesCWK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

5

3. Growth

3.1 Past

CWK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.64%, which is quite good.
CWK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.11% yearly.
CWK shows a small growth in Revenue. In the last year, the Revenue has grown by 1.24%.
Measured over the past years, CWK shows a small growth in Revenue. The Revenue has been growing by 1.54% on average per year.
EPS 1Y (TTM)13.64%
EPS 3Y-23.47%
EPS 5Y-11.11%
EPS Q2Q%106.49%
Revenue 1Y (TTM)1.24%
Revenue growth 3Y0.2%
Revenue growth 5Y1.54%
Sales Q2Q%4.57%

3.2 Future

CWK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.48% yearly.
The Revenue is expected to grow by 4.95% on average over the next years.
EPS Next Y24.75%
EPS Next 2Y22.52%
EPS Next 3Y19.3%
EPS Next 5Y15.48%
Revenue Next Year4.15%
Revenue Next 2Y4.9%
Revenue Next 3Y5.06%
Revenue Next 5Y4.95%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CWK Yearly Revenue VS EstimatesCWK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B 10B
CWK Yearly EPS VS EstimatesCWK Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0.5 1 1.5 2

9

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.70, the valuation of CWK can be described as reasonable.
89.23% of the companies in the same industry are more expensive than CWK, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.30. CWK is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 8.56 indicates a reasonable valuation of CWK.
Based on the Price/Forward Earnings ratio, CWK is valued cheaply inside the industry as 95.38% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, CWK is valued rather cheaply.
Industry RankSector Rank
PE 11.7
Fwd PE 8.56
CWK Price Earnings VS Forward Price EarningsCWK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CWK indicates a rather cheap valuation: CWK is cheaper than 89.23% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CWK is valued cheaper than 83.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.91
EV/EBITDA 9.73
CWK Per share dataCWK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

CWK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of CWK may justify a higher PE ratio.
CWK's earnings are expected to grow with 19.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.47
PEG (5Y)N/A
EPS Next 2Y22.52%
EPS Next 3Y19.3%

0

5. Dividend

5.1 Amount

No dividends for CWK!.
Industry RankSector Rank
Dividend Yield N/A

CUSHMAN & WAKEFIELD PLC

NYSE:CWK (7/11/2025, 8:04:00 PM)

After market: 11.7 0 (0%)

11.7

-0.13 (-1.1%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)04-29 2025-04-29/bmo
Earnings (Next)08-05 2025-08-05/amc
Inst Owners97.22%
Inst Owner Change0%
Ins Owners1.19%
Ins Owner Change1.28%
Market Cap2.71B
Analysts70.77
Price Target12.24 (4.62%)
Short Float %3.77%
Short Ratio4.31
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)209.47%
Min EPS beat(2)1.47%
Max EPS beat(2)417.47%
EPS beat(4)4
Avg EPS beat(4)108.79%
Min EPS beat(4)1.47%
Max EPS beat(4)417.47%
EPS beat(8)7
Avg EPS beat(8)71.7%
EPS beat(12)9
Avg EPS beat(12)37.41%
EPS beat(16)13
Avg EPS beat(16)50.51%
Revenue beat(2)1
Avg Revenue beat(2)-1.11%
Min Revenue beat(2)-2.5%
Max Revenue beat(2)0.29%
Revenue beat(4)1
Avg Revenue beat(4)-2.44%
Min Revenue beat(4)-4.55%
Max Revenue beat(4)0.29%
Revenue beat(8)3
Avg Revenue beat(8)-2.72%
Revenue beat(12)6
Avg Revenue beat(12)7.71%
Revenue beat(16)10
Avg Revenue beat(16)19.25%
PT rev (1m)0.7%
PT rev (3m)-14.72%
EPS NQ rev (1m)2.67%
EPS NQ rev (3m)-7.17%
EPS NY rev (1m)2.07%
EPS NY rev (3m)4.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 11.7
Fwd PE 8.56
P/S 0.28
P/FCF 19.91
P/OCF 15.83
P/B 1.52
P/tB N/A
EV/EBITDA 9.73
EPS(TTM)1
EY8.55%
EPS(NY)1.37
Fwd EY11.68%
FCF(TTM)0.59
FCFY5.02%
OCF(TTM)0.74
OCFY6.32%
SpS41.24
BVpS7.67
TBVpS-4
PEG (NY)0.47
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.19%
ROE 9.12%
ROCE 7.84%
ROIC 5.86%
ROICexc 6.65%
ROICexgc 16.23%
OM 4.27%
PM (TTM) 1.7%
GM 18.42%
FCFM 1.42%
ROA(3y)1.25%
ROA(5y)0.78%
ROE(3y)5.72%
ROE(5y)2.85%
ROIC(3y)5.38%
ROIC(5y)4.72%
ROICexc(3y)6.21%
ROICexc(5y)5.47%
ROICexgc(3y)15.83%
ROICexgc(5y)14.37%
ROCE(3y)7.2%
ROCE(5y)6.32%
ROICexcg growth 3Y-12.14%
ROICexcg growth 5Y1.82%
ROICexc growth 3Y-9.46%
ROICexc growth 5Y11.68%
OM growth 3Y-11.34%
OM growth 5Y12.08%
PM growth 3Y-19.48%
PM growth 5YN/A
GM growth 3Y-4.01%
GM growth 5Y-2%
F-Score8
Asset Turnover1.29
Health
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF 22.2
Debt/EBITDA 5.55
Cap/Depr 30.15%
Cap/Sales 0.37%
Interest Coverage 1.59
Cash Conversion 32.63%
Profit Quality 83.95%
Current Ratio 1.18
Quick Ratio 1.18
Altman-Z 1.64
F-Score8
WACC7.64%
ROIC/WACC0.77
Cap/Depr(3y)34.36%
Cap/Depr(5y)29.98%
Cap/Sales(3y)0.49%
Cap/Sales(5y)0.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.64%
EPS 3Y-23.47%
EPS 5Y-11.11%
EPS Q2Q%106.49%
EPS Next Y24.75%
EPS Next 2Y22.52%
EPS Next 3Y19.3%
EPS Next 5Y15.48%
Revenue 1Y (TTM)1.24%
Revenue growth 3Y0.2%
Revenue growth 5Y1.54%
Sales Q2Q%4.57%
Revenue Next Year4.15%
Revenue Next 2Y4.9%
Revenue Next 3Y5.06%
Revenue Next 5Y4.95%
EBIT growth 1Y46.45%
EBIT growth 3Y-11.16%
EBIT growth 5Y13.81%
EBIT Next Year50.59%
EBIT Next 3Y21.99%
EBIT Next 5Y17.13%
FCF growth 1Y342.86%
FCF growth 3Y-30.42%
FCF growth 5Y-2.44%
OCF growth 1Y1304.93%
OCF growth 3Y-27.66%
OCF growth 5Y-5.03%