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CBRE Group Inc Stock Research

CBRE

75.56USD+1.65(+2.23%)Market Closed

Market Summary

USD75.56+1.65
Market Closed
2.23%

CBRE Alerts

CBRE Stock Price

CBRE RSI Chart

CBRE Valuation

Market Cap

23.5B

Price/Earnings (Trailing)

16.7

Price/Sales (Trailing)

0.76

EV/EBITDA

10.07

Price/Free Cashflow

17.17

CBRE Price/Sales (Trailing)

CBRE Profitability

Operating Margin

21.37%

EBT Margin

5.38%

Return on Equity

17.92%

Return on Assets

6.86%

Free Cashflow Yield

5.83%

CBRE Fundamentals

CBRE Revenue

Revenue (TTM)

30.8B

Revenue Y/Y

-4.16%

Revenue Q/Q

8.83%

CBRE Earnings

Earnings (TTM)

1.4B

Earnings Y/Y

-88.28%

Earnings Q/Q

-81.84%

Price Action

52 Week Range

66.3194.21
(Low)(High)

Last 7 days

-11.3%

Last 30 days

-16.9%

Last 90 days

-4.6%

Trailing 12 Months

-15.6%

CBRE Financial Health

Current Ratio

1.03

CBRE Investor Care

Buy Backs (1Y)

6.57%

Diluted EPS (TTM)

4.29

Peers (Alternatives to CBRE Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
23.5B
30.8B
-16.86% -15.60%
16.7
0.76
11.11% -23.37%
19.0B
2.2B
-4.87% -18.85%
49.6
8.5
12.10% 46.63%
16.6B
1.5B
-6.93% 3.27%
27.63
11.19
11.08% 46.14%
MID-CAP
7.1B
20.9B
-18.97% -34.68%
10.81
0.34
7.72% -31.94%
2.4B
540.0M
-3.95% -20.95%
23.62
4.46
19.05% -69.71%
2.4B
10.1B
-27.30% -46.20%
12.24
0.24
7.64% -21.44%
SMALL-CAP
1.3B
3.1B
-20.57% -54.13%
5.53
0.41
22.16% -62.15%
958.7M
2.3B
0.60% -50.29%
-2.99
0.42
18.81% -192.98%
730.0M
1.3B
-3.62% -18.86%
4.59
0.55
-6.88% 23.62%
483.6M
634.0K
-8.19% 4.85%
30.59
762.76
1012.28% 195.59%
376.4M
82.3M
-13.78% -20.25%
119.2
4.57
17.14% -89.45%
158.9M
-
- -
-1.46
16.59
-83.74% -1791.38%
92.9M
4.4M
32.32% 8.32%
-4.6
20.91
-32.76% -148.06%

Financials for CBRE Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.1%30,82831,18430,45329,14027,746
EBITDA-28.1%2,2023,0643,0292,956-
EBITDA Margin-27.3%0.07*0.10*0.10*0.10*-
Earnings Before Taxes-34.1%1,6582,5152,4902,4572,409
EBT Margin-33.3%0.05*0.08*0.08*0.08*-
Interest Expenses-3.4%-69.00-66.74-57.82-53.07-50.35
Net Income-30.3%1,4072,0182,0071,9631,837
Net Income Margin-29.5%0.05*0.06*0.07*0.07*-
Free Cahsflow-20.8%1,3691,7291,9671,942-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.5%20,51320,21520,43921,14322,073
  Current Assets-0.7%8,5298,5908,8729,33410,082
    Cash Equivalents17.2%1,3181,1251,1931,6572,431
  Net PPE8.8%836768779793816
  Goodwill4.5%4,8684,6614,7954,9774,995
Liabilities2.9%11,90811,57611,54411,86012,714
  Current Liabilities6.3%8,2427,7567,6247,7908,419
    LT Debt, CurrentInfinity%428----
    LT Debt, Non Current-26.5%1,0861,4771,5031,5261,538
Shareholder's Equity-1.0%7,8537,9368,8959,2838,528
  Retained Earnings-3.5%8,8339,1569,0848,7598,367
  Additional Paid-In CapitalNaN%---409799
Accumulated Depreciation5.9%1,3861,3091,3521,3311,289
Shares Outstanding-1.9%311317322330333
Minority Interest6.9%752704759813831
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-17.7%1,6291,9792,1982,1642,364
  Share Based Compensation-13.3%160185---
Cashflow From Investing37.4%-832-1,329-1,265-1,182-1,280
Cashflow From Financing10.7%-1,766-1,978-1,630-1,101-490
  Buy Backs235.2%1,850552552550369

Risks for CBRE

What is the probability of a big loss on CBRE?

61.5%


Probability that CBRE Group stock will be more than 20% underwater in next one year

33.5%


Probability that CBRE Group stock will be more than 30% underwater in next one year.

18.5%


Probability that CBRE Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CBRE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CBRE Group was unfortunately bought at previous high price.

Drawdowns

Returns for CBRE

Cumulative Returns on CBRE

11.5%


10-Year Cumulative Returns

15.3%


7-Year Cumulative Returns

9.3%


5-Year Cumulative Returns

16.8%


3-Year Cumulative Returns

What are the long-term rolling returns for CBRE?

FIve years rolling returns for CBRE Group.

Annualized Returns

Which funds bought or sold CBRE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-21.54
-27,278
221,722
0.01%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-5.52
32,066,800
448,191,000
0.47%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-3.65
8,625,610
96,356,600
0.10%
2023-03-06
Rockefeller Capital Management L.P.
added
5.4
168,000
1,002,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-1,000
-
-%
2023-03-01
Lakewood Asset Management LLC
new
-
6,000
6,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-6.81
1,101,540
18,762,500
0.03%
2023-02-27
Gallagher Fiduciary Advisors, LLC
added
0.43
10,521,000
83,153,000
11.20%
2023-02-24
Union Heritage Capital, LLC
unchanged
-
141,000
1,154,000
0.70%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-1.28
76,173
681,173
0.09%

1–10 of 48

Latest Funds Activity

Are funds buying CBRE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CBRE
No. of Funds

CBRE Group News

Digital Journal

BPO Market expected to rise at a considerable rate during the ....

Digital Journal,
2 hours ago

Schedule 13G FIlings of CBRE Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
16.10%
50,854,197
SC 13G/A
Jan 24, 2023
blackrock inc.
9.7%
30,578,426
SC 13G/A
Feb 09, 2022
vanguard group inc
15.63%
52,322,773
SC 13G/A
Feb 03, 2022
blackrock inc.
9.6%
32,252,499
SC 13G/A
Jul 12, 2021
blackrock inc.
10.0%
33,590,510
SC 13G/A
Feb 10, 2021
vanguard group inc
15.09%
50,620,625
SC 13G/A
Jan 29, 2021
blackrock inc.
8.4%
28,302,346
SC 13G/A
Feb 11, 2020
vanguard group inc
15.82%
52,978,151
SC 13G/A
Feb 05, 2020
blackrock inc.
8.0%
26,810,046
SC 13G/A

CBRE Fair Value

CBRE Group fair value in different scenarios

The table shows the Fair Value estimates for CBRE Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

90.22

19.40%

113.44

50.13%

157.88

108.95%

229.62

203.89%

286.70

279.43%
Current Inflation

82.80

9.58%

102.52

35.68%

139.74

84.94%

199.90

164.56%

247.90

228.08%
Very High Inflation

73.66

-2.51%

89.37

18.28%

118.43

56.74%

165.59

119.15%

203.37

169.15%

Historical CBRE Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of CBRE Group

View All Filings
Date Filed Form Type Document
Mar 15, 2023
8-K
Current Report
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading

Latest Insider Trading transactions for CBRE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-10
Caplan Lindsey S
acquired
-
-
4,252
chief accounting officer
2023-03-10
Queenan Daniel G
acquired
-
-
25,928
ceo, real estate investments
2023-03-10
Midler Laurence H
acquired
-
-
10,843
evp, gc & chief risk officer
2023-03-10
Caplan Lindsey S
acquired
-
-
2,742
chief accounting officer
2023-03-10
Giamartino Emma E.
acquired
-
-
20,410
chief financial officer
2023-03-10
Durburg John E
acquired
-
-
25,928
ceo, advisory services
2023-03-10
Kohli Vikramaditya
acquired
-
-
20,410
ceo, cbre platform
2023-03-10
SULENTIC ROBERT E
acquired
-
-
62,720
president and ceo
2023-03-10
Dhandapani Chandra
acquired
-
-
23,281
ceo, gws
2023-03-03
Dhandapani Chandra
sold (taxes)
-900,613
85.92
-10,482
ceo, gws

1–10 of 50

Robert E. Sulentic
65535
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand. The company was founded in 1906 and is headquartered in Dallas, Texas.

CBRE Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenue$ 30,828,246$ 27,746,036$ 23,826,195
Costs and expenses:   
Cost of revenue24,239,48821,579,50719,047,620
Operating, administrative and other4,649,4604,074,1843,306,205
Depreciation and amortization613,088525,871501,728
Asset impairments58,713088,676
Total costs and expenses29,560,74926,179,56222,944,229
Gain on disposition of real estate244,41870,99387,793
Operating income1,511,9151,637,467969,759
Equity income from unconsolidated subsidiaries228,998618,697126,161
Other (loss) income(11,864)203,60917,394
Interest expense, net of interest income68,99950,35267,753
Write-off of financing costs on extinguished debt1,860075,592
Income before provision for income taxes1,658,1902,409,421969,969
Provision for income taxes234,230567,506214,101
Net income1,423,9601,841,915755,868
Less: Net income attributable to non-controlling interests16,5905,3413,879
Net income attributable to CBRE Group, Inc.$ 1,407,370$ 1,836,574$ 751,989
Basic income per share:   
Net income per share attributable to CBRE Group, Inc. (in USD per share)$ 4.36$ 5.48$ 2.24
Weighted average shares outstanding for basic income per share (in shares)322,813,345335,232,840335,196,296
Diluted income per share:   
Net income per share attributable to CBRE Group, Inc. (in USD per share)$ 4.29$ 5.41$ 2.22
Weighted average shares outstanding for diluted income per share (in shares)327,696,115339,717,401338,392,210

CBRE Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:  
Cash and cash equivalents$ 1,318,290$ 2,430,951
Restricted cash86,559108,830
Receivables, less allowance for doubtful accounts of $92,354 and $97,588 at December 31, 2022 and 2021, respectively5,326,8075,150,473
Warehouse receivables455,3541,303,717
Contract assets391,626338,749
Prepaid expenses311,508333,885
Income taxes receivable81,52844,104
Other current assets557,009371,656
Total Current Assets8,528,68110,082,365
Property and equipment, net of accumulated depreciation and amortization of $1,386,261 and $1,288,509 at December 31, 2022 and 2021, respectively836,041816,092
Goodwill4,868,3824,995,175
Other intangible assets, net of accumulated amortization of $1,915,725 and $1,725,280 at December 31, 2022 and 2021, respectively2,192,7062,409,427
Operating lease assets1,033,0111,046,377
Investments in unconsolidated subsidiaries (with $973,635 and $918,226 at fair value at December 31, 2022 and 2021, respectively)1,317,7051,196,088
Non-current contract assets137,480135,626
Real estate under development172,253326,416
Non-current income taxes receivable51,91033,150
Deferred tax assets, net265,554157,032
Other assets, net1,109,666875,743
Total Assets20,513,38922,073,491
Current Liabilities:  
Accounts payable and accrued expenses3,078,7812,916,331
Compensation and employee benefits payable1,459,0011,539,291
Accrued bonus and profit sharing1,691,1181,694,590
Operating lease liabilities229,591232,423
Contract liabilities276,334280,659
Income taxes payable184,453246,035
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)447,8401,277,451
Revolving credit facility178,0000
Other short-term borrowings42,91432,668
Current maturities of long-term debt427,7920
Other current liabilities226,170199,421
Total Current Liabilities8,241,9948,418,869
Long-term debt, net of current maturities1,085,7121,538,123
Non-current operating lease liabilities1,080,3851,116,562
Non-current income taxes payable54,76154,761
Non-current tax liabilities148,806144,884
Deferred tax liabilities, net282,073405,258
Other liabilities1,013,9261,035,917
Total Liabilities11,907,65712,714,374
Commitments and contingencies00
CBRE Group, Inc. Stockholders’ Equity:  
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 311,014,160 and 332,875,959 shares issued and outstanding at December 31, 2022 and 2021, respectively3,1103,329
Additional paid-in capital0798,892
Accumulated earnings8,832,9438,366,631
Accumulated other comprehensive loss(982,780)(640,659)
Total CBRE Group, Inc. Stockholders’ Equity7,853,2738,528,193
Non-controlling interests752,459830,924
Total Equity8,605,7329,359,117
Total Liabilities and Equity$ 20,513,389$ 22,073,491