Cushman & Wakefield (CWK) AI Stock Analysis

• Market Cap: $3.29B
• Dividend Yield: N/A
• Average Volume (3M): 2.31M
• Price to Earnings (P/E): 17.0
• Beta (1Y): 1.82
• Revenue Growth: 4.63%
• EPS Growth: 887.64%
• Country: US
• Employees: 52,000
• Sector: Real Estate
• Sector Strength: 54
• Industry: Real Estate - Services
• EPS (TTM): 0.28
• Shares Outstanding: 231,527,010
• 10 Day Avg. Volume: 2,982,075
• 30 Day Avg. Volume: 2,309,250
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.57
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: 2.89
• Enterprise Value/Ebitda: 8.63
• 1Y Price Target: $15.00
• Price Target Upside: 0.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 71 Outperform
• Price Target: $15.00 ▲(0.13% Upside)

Cushman & Wakefield's overall stock score reflects strong financial performance and positive earnings call outcomes. The technical analysis suggests caution due to overbought conditions, while valuation metrics indicate moderate attractiveness. Strategic debt management further supports the positive outlook.

Positive Factors

Earnings

Cushman & Wakefield reported a nice beat on second-quarter results, supported by better-than-expected acceleration in services, growth in leasing, and growth in capital markets.

Market Positioning

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

Negative Factors

Business Line Volatility

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

Leverage Risks

Cushman comes with higher risk given more leverage than peers.

Cushman & Wakefield Business Overview & Revenue Model

Company Description

Cushman & Wakefield (CWK) is a leading global real estate services firm that provides a comprehensive range of services to clients across various sectors, including commercial real estate, investment management, and property technology. The company operates in more than 60 countries and offers services such as property leasing, asset management, facilities management, project management, and capital markets advisory. CWK's diverse portfolio caters to a wide array of clients, from institutional investors and corporations to public sector entities, enhancing its position as a prominent player in the real estate industry.

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's financial performance is solid with a robust income statement, a strong balance sheet, and reasonable cash flow management. The company maintains a conservative leverage position with a satisfactory equity buffer, although there are fluctuations in revenue and cash flow growth.

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	9.74B	9.45B	9.49B	10.11B	9.39B	7.84B
Gross Profit	1.79B	1.73B	1.65B	1.95B	1.94B	1.39B
EBITDA	598.70M	501.90M	494.50M	780.20M	795.70M	267.60M
Net Income	205.80M	131.30M	-35.40M	196.40M	250.00M	-220.50M
Balance Sheet
Total Assets	7.56B	7.55B	7.77B	7.95B	7.89B	7.34B
Cash, Cash Equivalents and Short-Term Investments	618.20M	793.30M	767.70M	644.50M	770.70M	1.07B
Total Debt	3.24B	3.31B	3.57B	3.60B	3.66B	3.68B
Total Liabilities	5.65B	5.79B	6.10B	6.29B	6.44B	6.24B
Stockholders Equity	1.90B	1.75B	1.68B	1.66B	1.45B	1.09B
Cash Flow
Free Cash Flow	126.00M	167.00M	101.20M	-1.60M	495.70M	-79.20M
Operating Cash Flow	149.30M	208.00M	152.20M	49.10M	549.50M	-38.20M
Investing Cash Flow	44.90M	81.20M	48.90M	-120.70M	-749.50M	-257.80M
Financing Cash Flow	-154.20M	-253.40M	-120.80M	-79.30M	-65.80M	571.90M

Cushman & Wakefield Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 14.98 is above the 20-day moving average (MA) of 12.52, above the 50-day MA of 11.57, and above the 200-day MA of 11.92, indicating a bullish trend. The MACD of 0.78 indicates Negative momentum. The RSI at 78.18 is Negative, neither overbought nor oversold. The STOCH value of 92.86 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
CBRE	77 Outperform	$46.45B	44.73	13.13%	―	14.96%	19.11%
CWK	71 Outperform	$3.29B	17.01	11.62%	―	4.63%	887.64%
EXPI	67 Neutral	$1.59B	―	-12.78%	1.98%	3.55%	-36.05%
NMRK	66 Neutral	$2.96B	39.23	6.00%	0.69%	16.29%	69.89%
JLL	65 Neutral	$13.45B	24.40	8.40%	―	13.47%	47.52%
Sector *	64 Neutral	C$1.99B	4.85	-0.88%	5.20%	1.67%	-56.01%
MMI	56 Neutral	$1.17B	―	-1.99%	1.60%	17.89%	65.32%

Cushman & Wakefield Corporate Events

Cushman & Wakefield Reprices $948 Million Term Loan

On July 21, 2025, Cushman & Wakefield announced the successful repricing of its $948 million Term Loan, initially issued in October 2024 and due in 2030, reducing the interest rate by 50 basis points. This move, alongside a recent $25 million prepayment, reflects the company’s strategy to enhance its capital structure by focusing on debt reduction and disciplined growth.

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 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.