CWK - Cushman & Wakefield plc
NYSE
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Real Estate
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Real Estate Services
London,
United Kingdom
Type: Equity
CWK price evolution
CWK
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $767.7 | $588.2 | $502.3 | $459.6 |
| Short term investments | ||||
| Net receivables | $1468 | $1359.6 | $1336.1 | $1326.5 |
| Inventory | ||||
| Total current assets | $2803.2 | $2618.2 | $2624.6 | $2506.3 |
| Long term investments | $708 | $693.5 | $681.9 | $685.7 |
| Property, plant & equipment | $502.8 | $487.9 | $511.8 | $525.2 |
| Goodwill & intangible assets | $2886.8 | $2875.2 | $2914.3 | $2924.6 |
| Total noncurrent assets | $4970.8 | $4964.2 | $5015.5 | $5115.4 |
| Total investments | $708 | $693.5 | $681.9 | $685.7 |
| Total assets | $7774 | $7582.4 | $7640.1 | $7621.7 |
| Current liabilities | ||||
| Accounts payable | $1157.7 | $1113.5 | $1125.2 | $1132.3 |
| Deferred revenue | ||||
| Short long term debt | $149.7 | $118.9 | $36.7 | $33.7 |
| Total current liabilities | $2397.2 | $2217.1 | $2123.3 | $2120.1 |
| Long term debt | $3416.5 | $3430.8 | $3550.7 | $3560.8 |
| Total noncurrent liabilities | $3698.8 | $3793.8 | $3894.8 | $3922.1 |
| Total debt | $3566.2 | $3549.7 | $3587.4 | $3594.5 |
| Total liabilities | $6096 | $6010.9 | $6018.1 | $6042.2 |
| Shareholders' equity | ||||
| Retained earnings | -$1117.2 | -$1187 | -$1153.1 | -$1158.2 |
| Other shareholder equity | -$185.4 | -$208.6 | -$178 | -$201.6 |
| Total shareholder equity | $1677.4 | $1571 | $1621.4 | $1579 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $767.7 | $644.5 | $770.7 | $1074.8 |
| Short term investments | ||||
| Net receivables | $1468 | $1926.8 | $1446 | $1301.6 |
| Inventory | ||||
| Total current assets | $2803.2 | $2766.8 | $2830.3 | $2890.7 |
| Long term investments | $708 | $677.3 | $641.3 | $114.9 |
| Property, plant & equipment | $502.8 | $530.6 | $608.1 | $674.1 |
| Goodwill & intangible assets | $2886.8 | $2940 | $3004.1 | $3089.2 |
| Total noncurrent assets | $4970.8 | $5182.5 | $5060.1 | $4447.2 |
| Total investments | $708 | $677.3 | $641.3 | $114.9 |
| Total assets | $7774 | $7949.3 | $7890.4 | $7337.9 |
| Current liabilities | ||||
| Accounts payable | $1157.7 | $1199 | $1106.2 | $1054.4 |
| Deferred revenue | ||||
| Short long term debt | $149.7 | $49.8 | $42.4 | $39.7 |
| Total current liabilities | $2397.2 | $2390.4 | $2434.5 | $2065.5 |
| Long term debt | $3416.5 | $3211.7 | $3615.1 | $3641.3 |
| Total noncurrent liabilities | $3698.8 | $3896.8 | $4007.3 | $4176.8 |
| Total debt | $3566.2 | $3596.1 | $3657.5 | $3681 |
| Total liabilities | $6096 | $6288 | $6441.8 | $6242.3 |
| Shareholders' equity | ||||
| Retained earnings | -$1117.2 | -$1081.8 | -$1278.2 | -$1528.2 |
| Other shareholder equity | -$185.4 | -$191 | -$193 | -$242.7 |
| Total shareholder equity | $1677.4 | $1661.3 | $1447.8 | $1094.7 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2552.4 | $2286 | $2406 | $2249.3 |
| Cost of revenue | $2073.8 | $1882.1 | $1978.1 | $1907.6 |
| Gross Profit | $478.6 | $403.9 | $427.9 | $341.7 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $317.1 | $300.9 | $328.9 | $315.9 |
| Total operating expenses | $368.6 | $346.3 | $371.6 | $360 |
| Operating income | $110 | $57.6 | $56.3 | -$18.3 |
| Income from continuing operations | ||||
| EBIT | $127 | $72.2 | $64.3 | -$12.4 |
| Income tax expense | $0.3 | $16.6 | $1.3 | -$12.8 |
| Interest expense | $56.9 | $89.5 | $57.9 | $76.8 |
| Net income | ||||
| Net income | $69.8 | -$33.9 | $5.1 | -$76.4 |
| Income (for common shares) | $69.8 | -$33.9 | $5.1 | -$76.4 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $9493.7 | $10105.7 | $9388.7 | $7843.7 |
| Cost of revenue | $7841.6 | $8153.5 | $7448.4 | $6455.3 |
| Gross Profit | $1652.1 | $1952.2 | $1940.3 | $1388.4 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1262.8 | $1261.3 | $1226.7 | $1120.8 |
| Total operating expenses | $1446.5 | $1417.1 | $1443.3 | $1441.5 |
| Operating income | $205.6 | $535.1 | $497 | -$53.1 |
| Income from continuing operations | ||||
| EBIT | $251.1 | $531.1 | $519.4 | -$12.8 |
| Income tax expense | $5.4 | $141.6 | $89.9 | $43.9 |
| Interest expense | $281.1 | $193.1 | $179.5 | $163.8 |
| Net income | ||||
| Net income | -$35.4 | $196.4 | $250 | -$220.5 |
| Income (for common shares) | -$35.4 | $196.4 | $250 | -$220.5 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $69.8 | -$33.9 | $5.1 | -$76.4 |
| Operating activities | ||||
| Depreciation | $63 | $59.3 | $59.5 | $61.6 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $14.2 | $14.6 | $14 | $11.3 |
| Total cash flows from operations | $202.4 | $188.1 | -$16.8 | -$221.5 |
| Investing activities | ||||
| Capital expenditures | -$16.2 | -$14.2 | -$10.6 | -$10 |
| Investments | $99.6 | $119 | $119.3 | $85.2 |
| Total cash flows from investing | -$31.3 | -$65.2 | $72.1 | $73.3 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.4 | -$0.3 | -$0.2 | -$7.2 |
| Net borrowings | -$11.6 | -$50.6 | -$6.3 | -$30.8 |
| Total cash flows from financing | -$13.7 | -$52.1 | -$12.2 | -$42.8 |
| Effect of exchange rate | $8.5 | -$8.3 | -$0.8 | $2.5 |
| Change in cash and equivalents | $157.4 | $70.8 | $43.1 | -$191 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$35.4 | $196.4 | $250 | -$220.5 |
| Operating activities | ||||
| Depreciation | $243.4 | $249.1 | $276.3 | $381.8 |
| Business acquisitions & disposals | -$32.8 | -$7 | -$108.7 | |
| Stock-based compensation | $54.1 | $40.3 | $58.2 | $42 |
| Total cash flows from operations | $152.2 | $49.1 | $549.5 | -$38.2 |
| Investing activities | ||||
| Capital expenditures | -$51 | -$50.7 | -$53.8 | -$41 |
| Investments | $423.1 | $53.6 | -$688.9 | -$14.6 |
| Total cash flows from investing | $48.9 | -$120.7 | -$749.5 | -$257.8 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$8.1 | -$27.2 | -$8.6 | -$18.9 |
| Net borrowings | -$99.3 | -$44 | -$40.1 | $593.3 |
| Total cash flows from financing | -$120.8 | -$79.3 | -$65.8 | $571.9 |
| Effect of exchange rate | $1.9 | -$20.4 | -$8 | $15.9 |
| Change in cash and equivalents | $80.3 | -$150.9 | -$265.8 | $275.9 |
News
Fundamentals
| Market cap | $2.14B |
|---|---|
| Enterprise value | $4.93B |
| Shares outstanding | 227.28M |
| Revenue | $9.49B |
|---|---|
| EBITDA | $494.50M |
| EBIT | $251.10M |
| Net Income | -$35.40M |
| Revenue Q/Q | -3.57% |
| Revenue Y/Y | -6.06% |
| P/E ratio | -60.35 |
|---|---|
| EV/Sales | 0.52 |
| EV/EBITDA | 9.98 |
| EV/EBIT | 19.65 |
| P/S ratio | 0.23 |
| P/B ratio | 1.15 |
| Book/Share | 8.20 |
| Cash/Share | 3.38 |
| EPS | -$0.16 |
|---|---|
| ROA | -0.46% |
| ROE | -2.20% |
| Debt/Equity | 3.63 |
|---|---|
| Net debt/EBITDA | 10.78 |
| Current ratio | 1.17 |
| Quick ratio | 1.17 |