Cushman & Wakefield Plc - Understand $cwk stock

$CWK Market Cap: $3.47 Billion

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Financial Snapshot

Revenue

$9.369B

TTM

Gross Margin

17.85%

TTM

Net Earnings

$88.20M

TTM

Current Assets

$2.649B

Q3 2024

Current Liabilities

$2.241B

Q3 2024

Current Ratio

118.2%

Q3 2024

Total Assets

$7.534B

Q3 2024

Total Liabilities

$5.831B

Q3 2024

Book Value

$1.703B

Q3 2024

Cash

$775.4M

Q3 2024

P/E

39.34

Nov 29, 2024 EST

Free Cash Flow

$247.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$9.494B	$10.11B	$9.389B	$7.844B	$8.751B	$8.220B	$6.924B	$6.216B	$4.193B
YoY Change	-6.06%	7.64%	19.7%	-10.37%	6.46%	18.72%	11.39%	48.23%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$9.494B	$10.11B	$9.389B	$7.844B	$8.751B	$8.220B	$6.924B	$6.216B	$4.193B
Cost Of Revenue	$7.842B	$8.154B	$7.448B	$6.455B	$6.982B	$6.642B	$5.640B	$5.077B	$3.386B
Gross Profit	$1.652B	$1.952B	$1.940B	$1.388B	$1.769B	$1.578B	$1.284B	$1.139B	$806.9M
Gross Profit Margin	17.4%	19.32%	20.67%	17.7%	20.22%	19.19%	18.55%	18.32%	19.24%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$1.263B	$1.261B	$1.227B	$1.121B	$1.278B	$1.273B	$1.156B	$1.151B	$37.10M
YoY Change	0.12%	2.82%	9.45%	-12.27%	0.33%	10.15%	0.48%	3001.35%
% of Gross Profit	76.44%	64.61%	63.22%	80.73%	72.21%	80.72%	90.02%	101.02%	4.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$145.6M	$146.9M	$172.1M	$263.6M	$296.7M	$290.0M	$270.6M	$260.6M	$155.9M
YoY Change	-0.88%	-14.64%	-34.71%	-11.16%	2.31%	7.17%	3.84%	67.16%
% of Gross Profit	8.81%	7.52%	8.87%	18.99%	16.77%	18.38%	21.07%	22.88%	19.32%
Operating Expenses	$1.263B	$1.261B	$1.227B	$1.121B	$1.278B	$1.273B	$1.156B	$1.151B	$973.2M
YoY Change	0.12%	2.82%	9.45%	-12.27%	0.33%	10.15%	0.48%	18.23%
Operating Profit	$205.6M	$535.1M	$497.0M	-$53.10M	$187.3M	$12.60M	-$171.1M	-$295.4M	-$166.3M
YoY Change	-61.58%	7.67%	-1035.97%	-128.35%	1386.51%	-107.36%	-42.08%	77.63%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$281.1M	$193.1M	$179.5M	$163.8M	$150.6M	$228.8M	$183.1M	$171.8M	-$111.5M
YoY Change	45.57%	7.58%	9.58%	8.76%	-34.18%	24.96%	6.58%	-254.08%
% of Operating Profit	136.72%	36.09%	36.12%		80.41%	1815.87%
Other Income/Expense, Net	-$12.60M	-$89.00M	$1.200M	$32.00M	$3.500M	$3.500M	$11.00M	$2.400M	-$200.0K
YoY Change	-85.84%	-7516.67%	-96.25%	814.29%	0.0%	-68.18%	358.33%	-1300.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	-$30.00M	$338.0M	$339.9M	-$176.6M	$42.80M	-$210.8M	-$341.8M	-$458.9M	-$529.1M
YoY Change	-108.88%	-0.56%	-292.47%	-512.62%	-120.3%	-38.33%	-25.52%	-13.27%
Income Tax	$5.400M	$141.6M	$89.90M	$43.90M	$42.60M	-$25.00M	-$120.5M	-$24.30M	-$56.30M
% Of Pretax Income		41.89%	26.45%		99.53%
Net Earnings	-$35.40M	$196.4M	$250.0M	-$220.5M	$200.0K	-$185.8M	-$221.3M	-$434.2M	-$473.7M
YoY Change	-118.02%	-21.44%	-213.38%	-110350.0%	-100.11%	-16.04%	-49.03%	-8.34%
Net Earnings / Revenue	-0.37%	1.94%	2.66%	-2.81%	0.0%	-2.26%	-3.2%	-6.99%	-11.3%
Basic Earnings Per Share	-$0.16	$0.87	$1.12	-$1.00	$0.00	-$1.09	-$1.54
Diluted Earnings Per Share	-$0.16	$0.86	$1.10	-$1.00	$0.00	-$1.09	-$1.54	-$2.155M	-$2.273M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$767.7M	$644.5M	$770.7M	$1.075B	$813.2M	$895.3M	$405.6M	$382.3M
YoY Change	19.12%	-16.37%	-28.29%	32.17%	-9.17%	120.73%	6.09%
Cash & Equivalents	$767.7M	$644.5M	$770.7M	$1.075B	$813.2M	$895.3M	$405.6M	$382.3M
Short-Term Investments
Other Short-Term Assets	$139.5M	$195.5M	$222.2M	-$58.80M	$137.6M	$182.8M	$176.3M	$141.4M
YoY Change	-28.64%	-12.02%	-477.89%	-142.73%	-24.73%	3.69%	24.68%
Inventory
Prepaid Expenses
Receivables	$1.779B	$1.821B	$1.765B	$1.797B	$1.838B	$1.624B	$1.314B	$1.281B
Other Receivables	$117.0M	$106.2M	$72.50M	$77.90M	$72.40M	$41.10M	$14.60M	$36.50M
Total Short-Term Assets	$2.803B	$2.767B	$2.830B	$2.891B	$2.861B	$2.743B	$1.911B	$1.841B
YoY Change	1.32%	-2.24%	-2.09%	1.05%	4.28%	43.59%	3.78%
Property, Plant & Equipment	$502.8M	$530.6M	$608.1M	$674.1M	$790.1M	$313.8M	$304.3M	$245.7M
YoY Change	-5.24%	-12.74%	-9.79%	-14.68%	151.78%	3.12%	23.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$708.0M	$677.3M	$641.3M	$152.8M	$28.20M	$9.200M	$8.700M	$9.600M
YoY Change	4.53%	5.61%	319.7%	441.84%	206.52%	5.75%	-9.38%
Other Assets	$480.4M	$673.2M	$529.6M	$305.1M	$227.1M	$573.0M	$503.1M	$560.1M
YoY Change	-28.64%	27.11%	73.58%	34.35%	-60.37%	13.89%	-10.18%
Total Long-Term Assets	$4.971B	$5.183B	$5.060B	$4.447B	$4.303B	$3.803B	$3.887B	$3.841B
YoY Change	-4.08%	2.42%	13.78%	3.36%	13.15%	-2.18%	1.21%
Total Assets	$7.774B	$7.949B	$7.890B	$7.338B	$7.163B	$6.546B	$5.798B	$5.682B
YoY Change
Accounts Payable	$1.101B	$1.199B	$1.043B	$1.012B	$1.091B	$980.9M	$771.2M	$682.0M
YoY Change	-8.2%	14.91%	3.14%	-7.27%	11.21%	27.19%	13.08%
Accrued Expenses	$962.7M	$1.024B	$1.084B	$835.0M	$1.007B	$817.9M	$864.8M	$765.0M
YoY Change	-6.0%	-5.48%	29.76%	-17.11%	23.17%	-5.42%	13.05%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$149.7M	$49.80M	$42.40M	$39.70M	$39.30M	$39.90M	$59.50M	$35.50M
YoY Change	200.6%	17.45%	6.8%	1.02%	-1.5%	-32.94%	67.61%
Total Short-Term Liabilities	$2.397B	$2.390B	$2.435B	$2.066B	$2.323B	$2.039B	$1.966B	$1.625B
YoY Change	0.28%	-1.81%	17.86%	-11.07%	13.93%	3.72%	21.0%
Long-Term Debt	$3.097B	$3.212B	$3.221B	$3.236B	$2.620B	$2.644B	$2.784B	$2.625B
YoY Change	-3.57%	-0.27%	-0.47%	23.49%	-0.9%	-5.02%	6.07%
Other Long-Term Liabilities	$588.2M	$627.9M	$738.1M	$838.9M	$809.2M	$366.6M	$386.9M	$440.9M
YoY Change	-6.32%	-14.93%	-12.02%	3.67%	120.73%	-5.25%	-12.25%
Total Long-Term Liabilities	$3.685B	$3.840B	$3.959B	$4.075B	$3.430B	$3.011B	$3.171B	$3.066B
YoY Change	-4.02%	-3.01%	-2.85%	18.81%	13.91%	-5.05%	3.44%
Total Liabilities	$6.097B	$6.288B	$6.443B	$6.243B	$5.862B	$5.186B	$5.294B	$5.092B
YoY Change	-3.04%	-2.4%	3.19%	6.5%	13.04%	-2.04%	3.97%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	226.9M shares	225.4M shares	223.0M shares	220.8M shares	217.7M shares	171.2M shares	143.9M shares
Diluted Shares Outstanding	226.9M shares	228.0M shares	226.5M shares	220.8M shares	224.5M shares	171.2M shares	143.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.4698 Billion

About Cushman & Wakefield plc

Cushman & Wakefield Plc engages in the provision of commercial real estate services. The firm's segments include Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). Its core service lines include Services, Leasing, Capital markets, and Valuation and other. For real estate occupiers, the Company offers integrated facilities management, project and development services, portfolio administration, transaction management and strategic consulting. Its leasing services consist of two primary sub-services: owner representation and tenant representation. The company represents both buyers and sellers in real estate purchase and sale transactions, and it arranges financing supporting purchases. The firm provides valuations and advice on real estate debt and equity decisions to clients through various services, including appraisal management, investment management, portfolio advisory, diligence advisory and financial reporting.

Industry: Real Estate Peers: MDJM LTD