CWK Stock Analysis: Cushman & Wakefield | NYSE
Real Estate Services | NYSE, USA | Market Cap: 2.910m USD | 12M Return: -22.3% | BMG2717C1064 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.9M
EPS Trend: 87.6%
Qual. Beats: 0
Rev. Trend: 84.8%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services firm headquartered in Chicago, Illinois, founded in 1784 and listed on the NYSE in August 2018. The company serves both property owners and occupiers, operating across approximately 400 offices in 60 countries with around 52,000 employees, and generated $9.4 billion in revenue in 2024 across its core service lines: Services, Leasing, Capital Markets, and Valuation & Other.
The commercial real estate services industry generates revenue primarily through transaction commissions, property management fees, valuation fees, and advisory engagements tied to leasing, buying, selling, and financing commercial property. Cushman & Wakefield is classified within the GICS Real Estate sector and the Real Estate Development sub-industry, with a current mid-cap market capitalization of roughly $2.99 billion USD.
- Capital Markets revenue pressured by elevated interest rates
- Office Leasing segment weakens on hybrid work trends
- Cost reduction initiatives expand operating margins amid Services growth
| Net Income: 69.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.33 > 1.0 |
| NWC/Revenue: 1.76% < 20% (prev 3.20%; Δ -1.44% < -1%) |
| CFO/TA 0.04 > 3% & CFO 335.6m > Net Income 69.1m |
| Net Debt (2.90b) to EBITDA (425.3m): 6.82 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (236.3m) vs 12m ago 1.68% < -2% |
| Gross Margin: 16.42% > 18% (prev 18.33%; Δ -1.91% > 0.5%) |
| Asset Turnover: 143.2% > 50% (prev 128.9%; Δ 14.26% > 0%) |
| Interest Coverage Ratio: 1.46 > 6 (EBIT TTM 320.2m / Interest Expense TTM 219.5m) |
| A: 0.03 (Total Current Assets 2.63b - Total Current Liabilities 2.44b) / Total Assets 7.55b |
| B: -0.11 (Retained Earnings -857.6m / Total Assets 7.55b) |
| C: 0.04 (EBIT TTM 320.2m / Avg Total Assets 7.55b) |
| D: 0.37 (Book Value of Equity 2.02b / Total Liabilities 5.53b) |
| Altman-Z'' = 0.46 = B |
| DSRI: 0.74 (Receivables 1.47b/1.79b, Revenue 10.8b/9.74b) |
| GMI: 1.12 (GM 18.33% / 16.42%) |
| AQI: 0.98 (AQ_t 0.58 / AQ_t-1 0.60) |
| SGI: 1.11 (Revenue 10.8b / 9.74b) |
| TATA: -0.04 (NI 69.1m - CFO 335.6m) / TA 7.55b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of September 25, 2026, the stock is trading at USD 12.28 with a total of 2,805,942 shares traded. Over the past week, the price has changed by -1.68%, over one month by -16.12%, over three months by -5.54% and over the past year by -22.28%.
Current recommended Stop Loss: 11.40 (which is 7.2% or 1.7 ATR below the current price).
Cushman & Wakefield has received a consensus analysts rating of 3.40. Therefore, it is recommended to hold CWK.
- StrongBuy: 1
- Buy: 3
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 17.7 | 44.4% |
P/E Trailing = 42.7586
P/E Forward = 7.4239
P/S = 0.269
P/B = 1.4396
P/EG = 0.2299
Revenue TTM = 10.8b USD
EBIT TTM = 320.2m USD
EBITDA TTM = 425.3m USD
Long Term Debt = 2.41b USD (from longTermDebt, last quarter)
Short Term Debt = 243.3m USD (from shortTermDebt, last quarter)
Debt = 3.40b USD (from shortLongTermDebtTotal, last quarter) + Leases 371.6m
Net Debt = 2.90b USD (calculated: Debt 3.40b - CCE 500.5m)
Enterprise Value = 5.81b USD (2.91b + Debt 3.40b - CCE 500.5m)
Interest Coverage Ratio = 1.46 (Ebit TTM 320.2m / Interest Expense TTM 219.5m)
EV/FCF = 19.24x (Enterprise Value 5.81b / FCF TTM 302.1m)
FCF Yield = 5.20% (FCF TTM 302.1m / Enterprise Value 5.81b)
FCF Margin = 2.79% (FCF TTM 302.1m / Revenue TTM 10.8b)
Net Margin = 0.64% (Net Income TTM 69.1m / Revenue TTM 10.8b)
Gross Margin = 16.42% ((Revenue TTM 10.8b - Cost of Revenue TTM 9.04b) / Revenue TTM)
Gross Margin QoQ = 16.47% (prev 14.59%)
Tobins Q-Ratio = 0.77 (Enterprise Value 5.81b / Total Assets 7.55b)
Interest Expense / Debt = 6.45% (Interest Expense 219.5m / Debt 3.40b)
Taxrate = 31.38% (31.6m / 100.7m)
NOPAT = 219.7m (EBIT 320.2m * (1 - 31.38%))
Current Ratio = 1.08 (Total Current Assets 2.63b / Total Current Liabilities 2.44b)
Debt / Equity = 1.68 (Debt 3.40b / totalStockholderEquity, last quarter 2.02b)
Debt / EBITDA = 6.82 (Net Debt 2.90b / EBITDA 425.3m)
Debt / FCF = 9.60 (Net Debt 2.90b / FCF TTM 302.1m)
Total Stockholder Equity = 1.97b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.91% (Net Income 69.1m / Total Assets 7.55b)
RoE = 3.50% (Net Income TTM 69.1m / Total Stockholder Equity 1.97b)
RoCE = 7.30% (EBIT 320.2m / Capital Employed (Equity 1.97b + L.T.Debt 2.41b))
RoIC = 4.52% (NOPAT 219.7m / Invested Capital 4.86b)
WACC = 7.50% (E(2.91b)/V(6.31b) * Re(11.09%) + D(3.40b)/V(6.31b) * Rd(6.45%) * (1-Tc(0.31)))
Discount Rate = 11.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.38 | Cagr: 1.62%
[DCF] Terminal Value 77.97% ; FCFF base≈231.8m ; Y1≈265.7m ; Y5≈391.0m
[DCF] Fair Price = 12.71 (EV 5.88b - Net Debt 2.90b = Equity 2.98b / Shares 234.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.58 | EPS CAGR: 24.66% | SUE: -0.33 | # QB: 0
Revenue Correlation: 84.82 | Revenue CAGR: 4.82% | SUE: 1.36 | # QB: 3
EPS current Quarter (2026-09-30): EPS=0.35 | Chg30d=-0.87% | Revisions=-22% | Analysts=10
EPS current Year (2026-12-31): EPS=1.47 | Chg30d=-0.06% | Revisions=+25% | GrowthEPS=+20.6% | GrowthRev=+8.7%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=-0.06% | Revisions=+31% | GrowthEPS=+17.1% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: +18% (up=15, down=10)