Cushman & Wakefield (CWK) AI Stock Analysis

• Market Cap: $3.59B
• Dividend Yield: N/A
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 16.2
• Beta (1Y): 1.63
• Revenue Growth: 6.77%
• EPS Growth: 150.72%
• Country: US
• Employees: 52,000
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.29
• Shares Outstanding: 231,604,550
• 10 Day Avg. Volume: 1,682,627
• 30 Day Avg. Volume: 1,805,202
• PEG Ratio: -0.05
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 17.93
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 0.62
• Enterprise Value/Gross Profit: 3.48
• Enterprise Value/Ebitda: 11.02
• 1Y Price Target: $18.00
• Price Target Upside: 16.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 1.22
• Revenue Forecast (FY): $7.01B

• Rating: 68 Neutral
• Price Target: $17.00 ▲(9.82% Upside)

Cushman & Wakefield's strong earnings call performance, with record leasing revenues and significant debt reduction, is a major positive factor. Financial performance shows improvement, but cash flow challenges and historical fluctuations warrant caution. Technical indicators suggest potential short-term weakness, while valuation appears reasonable.

Positive Factors

Revenue Growth

Consistent revenue growth, particularly organic growth, indicates strong market demand and effective business strategies, supporting long-term sustainability.

Debt Reduction

Significant debt reduction enhances financial stability and flexibility, allowing for strategic investments and reducing interest expenses.

Capital Markets Expansion

Expansion in capital markets business boosts revenue diversification and positions the company well in a key growth area, enhancing competitive advantage.

Negative Factors

Cash Flow Challenges

Low cash flow conversion indicates potential liquidity issues, which could limit the company's ability to invest in growth and manage debt effectively.

APAC Leasing Revenue Decline

Declining revenue in APAC suggests regional market challenges, potentially impacting overall growth and profitability if not addressed.

Earnings from Equity Method Investments

Losses from equity investments can strain profitability and indicate underlying issues in joint ventures, affecting long-term earnings potential.

Cushman & Wakefield Business Overview & Revenue Model

Company Description

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East, and Africa; and Asia Pacific segments. 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 self-performed facilities services, which include janitorial, maintenance, critical environment management, landscaping, and office services. The company also provides owner representation and tenant representation leasing services; capital market services, including 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. Cushman & Wakefield has strategic partnerships with Vanke Service (Hong Kong) Co., Limited. It serves real estate owners and occupiers, such as tenants, investors, and multi-national corporations. Cushman & Wakefield plc was founded in 1784 and is based in London, the United Kingdom.

How the Company Makes Money

Cushman & Wakefield generates revenue through multiple streams, primarily from fees associated with leasing and property management services. A significant portion of its income is derived from tenant representation and landlord representation services in commercial leasing transactions, where the company earns commissions based on the value of lease agreements. Additionally, CWK provides investment management services, where it earns fees for managing real estate funds and portfolios on behalf of institutional investors. The company also engages in capital markets advisory, facilitating property sales and investment transactions, which contribute to its revenue through transaction fees. Strategic partnerships with financial institutions and technology firms enhance CWK's offerings and market reach, while its strong brand presence and expertise in the real estate sector position it favorably for sustained earnings growth.

Cushman & Wakefield Financial Statement Overview

Summary

Cushman & Wakefield shows positive revenue growth and improved profitability margins, with reduced leverage indicating financial stability. However, cash flow challenges and historical fluctuations in financial metrics suggest caution.

Income Statement

Cushman & Wakefield shows a positive revenue growth rate of 2.69% in the TTM, indicating a recovery from previous declines. The gross profit margin is stable at 17.81%, while the net profit margin has improved to 2.23%, reflecting enhanced profitability. EBIT and EBITDA margins have also improved, suggesting better operational efficiency. However, historical fluctuations in revenue growth and profitability margins pose a risk.

Balance Sheet

The company has significantly reduced its debt-to-equity ratio to 0.20 in the TTM, indicating improved financial stability. Return on equity has increased to 12.09%, showcasing effective use of equity to generate profits. The equity ratio stands at 25.45%, reflecting a balanced capital structure. Despite improvements, past high leverage levels remain a concern.

Cash Flow

Operating cash flow to net income ratio is low at 0.08, indicating potential challenges in converting income into cash. Free cash flow growth is negative at -8.35%, highlighting cash generation issues. However, the free cash flow to net income ratio of 0.65 suggests some ability to generate cash relative to earnings. Historical volatility in cash flows presents a risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.00B	9.45B	9.49B	10.11B	9.39B	7.84B
Gross Profit	1.78B	1.73B	1.65B	1.95B	1.94B	1.39B
EBITDA	563.00M	501.90M	494.50M	780.20M	795.70M	267.60M
Net Income	223.50M	131.30M	-35.40M	196.40M	250.00M	-220.50M
Balance Sheet
Total Assets	7.69B	7.55B	7.77B	7.95B	7.89B	7.34B
Cash, Cash Equivalents and Short-Term Investments	634.40M	793.30M	767.70M	644.50M	770.70M	1.07B
Total Debt	389.80M	3.31B	3.57B	3.60B	3.66B	3.68B
Total Liabilities	5.73B	5.79B	6.10B	6.29B	6.44B	6.24B
Stockholders Equity	1.96B	1.75B	1.68B	1.66B	1.45B	1.09B
Cash Flow
Free Cash Flow	128.50M	167.00M	101.20M	-1.60M	495.70M	-79.20M
Operating Cash Flow	198.30M	208.00M	152.20M	49.10M	549.50M	-38.20M
Investing Cash Flow	-62.10M	81.20M	48.90M	-120.70M	-749.50M	-257.80M
Financing Cash Flow	-289.00M	-253.40M	-120.80M	-79.30M	-65.80M	571.90M

Cushman & Wakefield Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.48
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWK, the sentiment is Negative. The current price of 15.48 is below the 20-day moving average (MA) of 16.07, below the 50-day MA of 15.98, and above the 200-day MA of 12.57, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 43.04 is Neutral, neither overbought nor oversold. The STOCH value of 48.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CWK.

Cushman & Wakefield Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JLL	72 Outperform	$14.28B	23.20	9.14%	―	12.51%	32.34%
CBRE	69 Neutral	$46.25B	37.83	14.26%	―	14.61%	30.19%
CWK	68 Neutral	$3.59B	16.23	12.21%	―	6.77%	150.72%
EXPI	67 Neutral	$1.71B	―	-8.09%	2.06%	5.08%	41.21%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NMRK	59 Neutral	$2.96B	28.40	8.08%	0.66%	22.22%	94.52%
MMI	56 Neutral	$1.15B	-92.57	-1.09%	1.72%	20.74%	78.92%

Cushman & Wakefield Corporate Events

Cushman & Wakefield Reports Record Leasing Revenue

Cushman & Wakefield’s recent earnings call showcased a strong financial performance, highlighted by record-breaking leasing revenues and significant debt reduction. The company reported robust growth in adjusted EPS and capital markets, although challenges were noted in APAC leasing revenue and earnings from equity method investments.

Cushman & Wakefield Reports Strong Q3 2025 Growth

Cushman & Wakefield is a global leader in commercial real estate services, providing a range of services including leasing, capital markets, and valuation across 60 countries. The company is recognized for its award-winning culture and commitment to delivering top-tier advisory services.

Cushman & Wakefield Amends Credit Agreement

On October 21, 2025, Cushman & Wakefield announced an amendment to its Credit Agreement, reducing revolving commitments from $1.1 billion to $1 billion and extending the maturity date to October 21, 2030. This move, which was oversubscribed, reflects lender confidence in the company’s financial strategy and aims to enhance capital efficiency and liquidity.

The most recent analyst rating on (CWK) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Cushman & Wakefield stock, see the CWK Stock Forecast page.

Cushman & Wakefield Shareholders Approve Redomiciliation Plan

On October 16, 2025, Cushman & Wakefield shareholders approved the company’s plan to change its jurisdiction of incorporation from England and Wales to Bermuda. This decision was made during a series of shareholder meetings where various proposals, including the issuance of new shares and governance changes, were overwhelmingly supported. The redomiciliation is expected to reduce administrative burdens and costs while maintaining strong corporate governance and capital flexibility. The company plans to finalize the redomiciliation by November 27, 2025, subject to legal and regulatory procedures.

The most recent analyst rating on (CWK) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Cushman & Wakefield stock, see the CWK Stock Forecast page.

Cushman & Wakefield Successfully Reprices $840 Million Loan

On October 2, 2025, Cushman & Wakefield announced the successful repricing of its $840 million Term Loan, reducing the interest rate by 25 basis points. This move, part of the company’s strategy for debt reduction and disciplined growth, reflects strong momentum and lender support, having already prepaid $200 million of its Term Loan in 2025.

The most recent analyst rating on (CWK) stock is a Buy with a $18.50 price target. To see the full list of analyst forecasts on Cushman & Wakefield stock, see the CWK Stock Forecast page.

Cushman & Wakefield’s Redomicile Plan Faces Uncertainty Amid Shareholder and Court Approval Challenges

Cushman & Wakefield faces significant uncertainty regarding the completion and potential benefits of its Proposed Redomicile, as the process hinges on obtaining various shareholder and court approvals. The indefinite adjournment of a key shareholder meeting and withdrawal of resolutions indicate challenges in securing the necessary support, prompting further engagement with shareholders. This delay not only risks negative market reactions and potential impacts on share price but also diverts management attention, potentially undermining the anticipated advantages of the redomicile. Even if completed, there is no guarantee that the company will realize the expected benefits, posing a substantial risk to its strategic objectives.

Cushman & Wakefield Reports Strong Q2 2025 Results

Cushman & Wakefield is a global leader in commercial real estate services, offering expertise in property management, leasing, capital markets, and valuation across 60 countries. The company reported robust financial results for the second quarter of 2025, showcasing a 9% increase in revenue to $2.5 billion and a significant rise in net income to $57.3 million, compared to the same period last year. Key highlights include a 27% growth in capital markets revenue, driven by strong performance in the Americas, and an 8% increase in leasing revenue. Additionally, the company made a strategic move by announcing a $150 million debt repayment, reflecting its focus on strengthening the balance sheet. Cushman & Wakefield’s strategic initiatives and cost-saving measures have resulted in a 16% increase in adjusted EBITDA, reaching $161.7 million. The company continues to benefit from its expanded recruiting efforts and market positioning, which have contributed to its sustained growth. Looking forward, Cushman & Wakefield remains optimistic about its future prospects, with a commitment to delivering value to its stakeholders through strategic growth and operational excellence.

Cushman & Wakefield’s Earnings Call Highlights Growth

Cushman & Wakefield’s recent earnings call painted a picture of robust financial health and strategic growth. The sentiment was overwhelmingly positive, driven by significant EPS and revenue growth, effective debt reduction strategies, and impressive client retention rates. Despite facing some challenges in the APAC region and a decrease in equity investments, the company’s strategic expansions in capital markets and leasing underscore a positive trajectory.