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Cushman & Wakefield (Cushman & Wakefield) Intrinsic Value: Projected FCF : $11.50 (As of Apr. 29, 2024)


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What is Cushman & Wakefield Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-29), Cushman & Wakefield's Intrinsic Value: Projected FCF is $11.50. The stock price of Cushman & Wakefield is $9.72. Therefore, Cushman & Wakefield's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Cushman & Wakefield's Intrinsic Value: Projected FCF or its related term are showing as below:

CWK' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.85   Med: 1.21   Max: 1.47
Current: 0.85

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Cushman & Wakefield was 1.47. The lowest was 0.85. And the median was 1.21.

CWK's Price-to-Projected-FCF is ranked worse than
61.31% of 1264 companies
in the Real Estate industry
Industry Median: 0.64 vs CWK: 0.85

Cushman & Wakefield Intrinsic Value: Projected FCF Historical Data

The historical data trend for Cushman & Wakefield's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cushman & Wakefield Intrinsic Value: Projected FCF Chart

Cushman & Wakefield Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only - - - 8.49 11.50

Cushman & Wakefield Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.49 6.67 7.97 9.66 11.50

Competitive Comparison of Cushman & Wakefield's Intrinsic Value: Projected FCF

For the Real Estate Services subindustry, Cushman & Wakefield's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cushman & Wakefield's Price-to-Projected-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cushman & Wakefield's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Cushman & Wakefield's Price-to-Projected-FCF falls into.



Cushman & Wakefield Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Cushman & Wakefield's Free Cash Flow(6 year avg) = $133.10.

Cushman & Wakefield's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*133.104+1677.4*0.8)/226.900
=11.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cushman & Wakefield  (NYSE:CWK) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Cushman & Wakefield's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=9.72/11.498972581883
=0.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cushman & Wakefield Intrinsic Value: Projected FCF Related Terms

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Cushman & Wakefield (Cushman & Wakefield) Business Description

Traded in Other Exchanges
Address
125 Old Broad Street, London, GBR, EC2N 1AR
Cushman & Wakefield is one of the largest commercial real estate services firms in the world, with global headquarters in Chicago. The firm provides various real estate-related services to owners, occupiers, and investors. These include brokerage services for leasing and capital markets sales as well as advisory services such valuation, project management, and facilities management.
Executives
Nathaniel Robinson officer: EVP, Strategic Planning, CIO 225 WEST WACKER DRIVE, CHICAGO IL 60606
Tpg Gp A, Llc 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michelle Felman director
Noelle J Perkins officer: See Remarks 3075 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE TX 60515
Pagac Drone Holding Gp I Ltd 10 percent owner 32/F, AIA CENTRAL, 1 CONNAUGHT ROAD CENTRAL, HONG KONG K3 NA
Michelle Mackay director C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
W Brett White director, officer: Executive Chairman and CEO 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Andrew R. Mcdonald officer: President C/O CUSHMAN & WAKEFIELD PLC, 225 W WACKER DR SUITE 3000, CHICAGO IL 60606
Jon Winkelried 10 percent owner C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
John Forrester officer: President 225 WEST WACKER DRIVE, CHICAGO IL 60606
Angela Sun director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80236
Tpg Asia Advisors Vi, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Anthony Murray Miller director 225 WEST WACKER DRIVE, CHICAGO IL 60606
Neil O Johnston officer: Global Chief Financial Officer
Angelique G. Brunner director C/O CHESAPEAKE LODGING TRUST, 4300 WILSON BOULEVARD, SUITE 625, ARLINGTON VA 22203