CBRE Group Inc - Ordinary Shares - Class A

CBRE Group Inc - Ordinary Shares - Class A

CBRE

Market Cap$41.64B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
CBRE Group Inc - Ordinary Shares - Class ACBRE Group Inc - Ordinary Shares - Class A43.5-11%1.20.5

Earnings Call Q3 2024

October 24, 2024 - AI Summary

**Strong Financial Performance**: CBRE reported its second-highest core earnings per share for Q3, with a significant 67% year-over-year increase. This growth was driven by all three business segments, with resilient businesses generating $3.6 billion in revenue, a notable 18% increase compared to Q3 2023. The company raised its full-year core EPS guidance to $4.95 - $5.05, up from $4.70 - $4.90 previously.
**Transaction Recovery and Office Leasing**: The capital markets segment is experiencing an early-stage recovery, with expectations for a steady achievement of growth rather than a sharp bounce-back. Global office leasing revenue surged 26%, marking the highest for any Q3, indicating strong demand in the office space while also positively impacting leasing-related transactions. However, the overall leasing performance in industrial space is lagging compared to office rental growth, as companies work through existing vacancies.
**Resilient Businesses Outlook**: The proportion of earnings from resilient businesses has grown significantly from ~32% post-global financial crisis to around 60% today, showing greater earnings stability. This segment is expected to continue delivering double-digit organic growth, supplemented by potential M&A opportunities, thus reducing volatility compared to traditional transactional revenues.

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$123.50

Target Price by Analysts

9.1% downsideCBRE Group Target Price DetailsTarget Price
$74.15

Current Fair Value

45.4% downside

Overvalued by 45.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$41.64 Billion
Enterprise Value$45.33 Billion
Dividend Yield$0 (0%)
Earnings per Share$3.2
Beta1.4
Outstanding Shares306,253,811

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio43.5
PEG240.61
Price to Sales1.21
Price to Book Ratio4.38
Enterprise Value to Revenue1.32
Enterprise Value to EBIT35.79
Enterprise Value to Net Income47
Total Debt to Enterprise0.1
Debt to Equity0.54

Revenue Sources

No data

Insider Trades

ESG Score

No data

About CBRE Group Inc

CEO: Robert Sulentic