Cushman & Wakefield

0.08 (0.42%)

NYSE:CWK | Last traded on 11-15-2019 4:02 PM

Market Reaction

Offer Price

$17.00

Today Open Price

$19.00

Change Since IPO

Market Cap

$4.1B

Day High

$19.19

Day Low

$18.73

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Featured Analysis

The real estate giant can’t net a profit even with their large revenues. "Boring" companies need to bring the cash- period.

Company Data

Location

Chicago, IL

Valuation

$3.5B

-

Founded

1917

Total Shares Offered

208,421,971

-

Employees

48,000

IPO Date

2018-08-02

Background Information

Cushman & Wakefield, Inc. is a commercial real estate brokerage and consultation services company that has been in operation for over a century. The company offers services to a variety of sectors, from healthcare to telecommunications to retail, and those services include asset management, project development, and capital markets, among others. They merged with DTZ, another commercial real estate services firm, in 2015 and still operate under the title of "Cushman & Wakefield, Inc."

Financial Analysis

Years 2015 2016 2017
Revenue growth -- 48% 11%
Net profit margin -11%-7%-3%
Valuation -- -- $3.1B
Revenue multiple -- -- .45x
Profit multiple -----14x

Financial Information

Income Statement ($M) 20152016 2017
Revenue4,1936,2166,924
Cost of goods sold3,3865,0775,640
Gross profit8071,1391,284
EBIT(410)(313)(170)
Pretax profit(529)(477)(341)
Net income(474)(449)(221)
Balance Sheet ($M) 20152016 2017
Total current assets1,8411,911
Cash and cash equivalents382406
Total assets5,6825,798
Total current liabilities1,6251,966
Total liabilities5,0925,294
Total shareholder equity590504
Total liabilities and equity5,6825,798
Cash Flow Statement ($M) 201520162017
Net cash from operating activities(44) (335)4
Net cash from investing activities(1,930) (138)(143)
Net cash from financing activities2,308 357168
Net increase in cash and cash equivalents335 (116)29