Cushman & Wakefield (CWK) AI Stock Analysis

• Market Cap: $2.64B
• Dividend Yield: N/A
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): 16.8
• Beta (1Y): 1.75
• Revenue Growth: 1.24%
• EPS Growth: 1205.18%
• Country: US
• Employees: 52,000
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.06
• Shares Outstanding: 231,462,590
• 10 Day Avg. Volume: 2,212,927
• 30 Day Avg. Volume: 1,656,073
• PEG Ratio: -0.64
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.76K
• Enterprise Value/Market Cap: 2.18
• Enterprise Value/Revenue: 0.15
• Enterprise Value/Gross Profit: 3.34
• Enterprise Value/Ebitda: 2.87
• 1Y Price Target: $12.38
• Price Target Upside: 6.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 76 Outperform
• Price Target: $13.00 ▲(11.59%Upside)

Cushman & Wakefield's strong earnings growth and strategic financial management are the most significant factors driving its stock score. Positive technical indicators and a robust earnings call further support the stock's attractiveness. However, moderate valuation metrics and some regional challenges in EMEA temper the overall score.

Positive Factors

Growth Investments

Cushman is shifting capital deployment more heavily toward growth investments, indicating a more offensive posture.

Market Position

Management sounded highly confident in Cushman’s improving positioning in the CRE ecosystem and its ability to continue gaining market share.

Negative Factors

Leverage

Cushman comes with higher risk given more leverage than peers.

Target Price Revision

The target price for CWK has been decreased to $12 from $16, reflecting some expected challenges.

Volatile Business Lines

There are near-term headwinds around volatile business lines affecting the company's performance.

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 primarily through its diversified service offerings in the commercial real estate sector. The company's key revenue streams include fees from property management, where it oversees the operations of various real estate assets; facilities management, which involves maintaining and operating buildings; and leasing services, where it assists clients in finding and securing office, retail, and industrial spaces. Additionally, Cushman & Wakefield earns income from investment management services, where it manages real estate portfolios on behalf of investors, and from advisory services, which provide strategic insights and valuations for real estate transactions. Significant partnerships with corporate clients and institutional investors, along with its global presence and expertise, contribute to its earnings by expanding its service reach and client base.

Cushman & Wakefield Financial Statement Overview

Summary

Cushman & Wakefield's financial performance is robust with a solid income statement, a strong balance sheet, and reasonable cash flow management. The company maintains a conservative leverage position, though there are fluctuations in revenue and cash flow growth that suggest potential areas for improvement.

Income Statement

Cushman & Wakefield's income statement shows a robust performance with improved net income in the TTM (Trailing-Twelve-Months) compared to previous years. The gross profit margin stands at 37.99% with a net profit margin of 1.70%, indicating a moderate profitability level. Revenue has shown modest growth over the periods, though it experienced fluctuations. The EBIT margin at 4.02% and EBITDA margin at 4.92% suggest a stable operating efficiency.

Balance Sheet

The balance sheet depicts a solid equity position with a debt-to-equity ratio of 0.20, indicating a conservative leverage strategy. The return on equity (ROE) is at 9.12%, reflecting a moderate return for shareholders. The equity ratio is 23.97%, suggesting a stable financial structure with adequate asset backing. Overall, the company maintains a healthy leverage and equity balance, though the total liabilities remain significant.

Cash Flow

Cushman & Wakefield's cash flow analysis reveals stable operating cash flows with a TTM free cash flow of $140.6 million. The operating cash flow to net income ratio is 1.06, and the free cash flow to net income ratio is 0.87, reflecting a decent cash conversion ability. However, the free cash flow growth rate has been inconsistent, indicating potential volatility in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.55B	9.45B	9.49B	10.11B	9.39B	7.84B
Gross Profit	1.73B	1.73B	1.65B	1.95B	1.94B	1.39B
EBITDA	569.40M	501.90M	494.50M	780.20M	795.70M	267.60M
Net Income	162.00M	131.30M	-35.40M	196.40M	250.00M	-220.50M
Balance Sheet
Total Assets	7.41B	7.55B	7.77B	7.95B	7.89B	7.34B
Cash, Cash Equivalents and Short-Term Investments	623.20M	793.30M	767.70M	644.50M	770.70M	1.07B
Total Debt	3.27B	3.31B	3.57B	3.60B	3.66B	3.68B
Total Liabilities	5.63B	5.79B	6.10B	6.29B	6.44B	6.24B
Stockholders Equity	1.78B	1.75B	1.68B	1.66B	1.45B	1.09B
Cash Flow
Free Cash Flow	136.00M	167.00M	101.20M	-1.60M	495.70M	-79.20M
Operating Cash Flow	171.10M	208.00M	152.20M	49.10M	549.50M	-38.20M
Investing Cash Flow	112.60M	81.20M	48.90M	-120.70M	-749.50M	-257.80M
Financing Cash Flow	-221.80M	-253.40M	-120.80M	-79.30M	-65.80M	571.90M

Cushman & Wakefield Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWK, the sentiment is Positive. The current price of 11.65 is above the 20-day moving average (MA) of 10.72, above the 50-day MA of 10.19, and below the 200-day MA of 12.06, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 67.70 is Neutral, neither overbought nor oversold. The STOCH value of 86.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CWK.

Cushman & Wakefield Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JLL	78 Outperform	$12.30B	23.42	8.16%	―	13.63%	78.40%
CWK	76 Outperform	$2.64B	16.83	9.53%	―	1.24%	1205.18%
CBRE	76 Outperform	$42.48B	43.52	12.15%	―	13.14%	1.70%
EXPI	67 Neutral	$1.48B	―	-6.44%	2.10%	6.69%	-137.52%
NMRK	60 Neutral	$2.31B	31.77	5.32%	0.96%	13.87%	90.42%
Sector *	59 Neutral	C$1.23B	0.83	-8.20%	5.16%	9.89%	-25.14%
MMI	57 Neutral	$1.24B	―	-1.09%	1.57%	14.79%	82.32%

Cushman & Wakefield Corporate Events

Cushman & Wakefield Announces Board Resignation and New Appointments

On June 19, 2025, Brett White announced his resignation from the board of Cushman & Wakefield, effective July 31, 2025, after over a decade of service. He will transition to a strategic consultant role until February 28, 2026. White’s leadership was pivotal in the company’s growth, including its IPO and strategic investments. The board has appointed Susan Daimler, Timothy Wennes, and Stephen D. Plavin as new directors, with Plavin becoming the Chairman on October 1, 2025. These appointments align with the company’s strategic focus on growth and innovation, enhancing its capabilities in commercial real estate and technology.

The most recent analyst rating on (CWK) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Cushman & Wakefield stock, see the CWK Stock Forecast page.

Cushman & Wakefield Shareholders Approve Key Proposals

On May 15, 2025, Cushman & Wakefield held its annual general meeting where shareholders approved several key proposals. These included the election of directors, ratification of KPMG LLP as the independent auditor, and approval of executive compensation plans. The decisions reflect the company’s ongoing governance and strategic planning efforts, impacting its operational and financial oversight.

The most recent analyst rating on (CWK) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Cushman & Wakefield stock, see the CWK Stock Forecast page.