Cushman & Wakefield plc logo CWK - Cushman & Wakefield plc

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 7
HOLD 8
SELL 1
STRONG
SELL
0
| PRICE TARGET: $16.00 DETAILS
HIGH: $17.00
LOW: $15.00
MEDIAN: $16.00
CONSENSUS: $16.00
UPSIDE: 22.70%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 75% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 55.2% above fair value
Current Price $13.04
Bear Case $6.72 48.5% downside ($6.72 - $13.04) / $13.04 = -48.5% $0.56 × 12x P/E
Fair Value $8.40 35.6% downside ($8.40 - $13.04) / $13.04 = -35.6% $0.56 × 15x P/E
Bull Case $10.08 22.7% downside ($10.08 - $13.04) / $13.04 = -22.7% $0.56 × 18x P/E

Adjust Assumptions

15.0x
0.56$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 23.3x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $0.56, the base-case value is $8.40 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (16 analysts) $16.00
Analyst Range $15.00 – $17.00
Divergence from AlphaVal 48%

Warnings

The company's reported profits differ from official accounting profits by 47%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $16.00 (from 16 analysts). Our estimate is 48% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples