Professional
Added to YB: 2024-03-07
Pitch date: 2024-03-06
CWK [neutral]
Cushman & Wakefield plc
+54.13%
current return
Author Info
No bio for this author
Company Info
Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the Americas, Europe, Middle East, Africa, and Asia Pacific.
Market Cap
$3.6B
Pitch Price
$9.92
Price Target
17.00 (+11%)
Dividend
N/A
EV/EBITDA
8.50
P/E
16.35
EV/Sales
0.61
Sector
Real Estate Management and Development
Category
turnaround
Cushman & Wakefield's Margins Should Benefit From Brokerage Recovery
CWK: Sees margin expansion from brokerage recovery post-Covid. Scale from M&A and investments should drive efficiencies. Poised to gain share but still lags larger peers CBRE & JLL. High debt load & tech disruption are key risks. No moat. $17 FVE on 10.5x '24 EV/EBITDA.
Read full article (12 min)