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Earnings transcript
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CBRE
CBRE Group, Inc.
$136.1
4.39
(3.33%)
| Exchange: | NYSE |
| Market Cap: | 39.852B |
| Shares Outstanding: | 23.535M |
Delayed data
About The Company
| Sector: | Real Estate | |||||
| Industry: | Real Estate – Services | |||||
| CEO: | Robert E. Sulentic | |||||
| Full Time Employees: | 140000 | |||||
| Address: |
| |||||
| Website: | https://www.cbre.com |
CBRE Group, Inc. operates as a leading global enterprise, specializing in commercial real estate services and investment management. Its operations are structured around three core divisions: Advisory Services, Global Workplace Solutions, and Real Estate Investments. The Advisory Services segment delivers expert strategic counsel and execution support to a broad spectrum of property stakeholders, including owners, investors, and tenants. This encompasses facilitating leasing arrangements; orchestrating property sales and securing mortgage financing through its CBRE Capital Markets brand; and providing comprehensive property and project management. The latter involves various services such as construction oversight, marketing efforts, building engineering, and financial and accounting support for owners and investors across office, industrial, and retail properties. Additionally, this segment offers extensive valuation services, performing market appraisals, litigation support, discounted cash flow analyses, and feasibility studies, alongside consulting services covering property condition evaluations, hotel advisory, and environmental guidance. The Global Workplace Solutions segment is dedicated to providing integrated facilities administration, project execution supervision, and intricate transaction management services. Finally, the Real Estate Investments segment offers sophisticated investment management solutions through its CBRE Investment Management arm, catering to a diverse institutional client base that includes pension funds, insurance companies, sovereign wealth funds, foundations, and university endowments. It also undertakes significant real estate development projects via its Trammell Crow Company subsidiary, primarily benefiting both end-users and financial backers of commercial properties. Furthermore, this segment provides adaptable workspace solutions operating under the CBRE Hana designation. Established in 1906, the company maintains its global headquarters in Dallas, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 31,949,000 | 35,767,000 | 40,550,000 |
| Gross Profit | 6,299,000 | 7,020,000 | 6,071,000 |
| EBITDA | 1,828,000 | 2,151,000 | 2,583,000 |
| Operating Income | 1,117,000 | 1,413,000 | 1,294,000 |
| Net Income | 986,000 | 968,000 | 1,157,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 22,548,000 | 24,383,000 | 30,877,000 |
| Total Liabilities | 13,481,000 | 15,191,000 | 21,251,000 |
| Total Stockholders Equity | 8,267,000 | 8,411,000 | 8,878,000 |
| Total Debt | 4,826,000 | 5,694,000 | 3,261,000 |
| Cash and Cash Equivalents | 1,265,000 | 1,114,000 | 1,864,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 534,000 | 1,799,000 | 1,559,000 |
| Capital Expenditure | -305,000 | -307,000 | -366,000 |
| Free Cash Flow | 229,000 | 1,492,000 | 1,193,000 |
| Net Income | 986,000 | 968,000 | 1,157,000 |
| Net Change in Cash | -33,849 | -150,000 | 793,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 57,321,935.012 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 66,329,133.605 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 61,810,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,694,995.355 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 4,275,603.057 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,984,297.858 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 3,636,038.022 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 4,396,650.702 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 4,015,033.085 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 8,146,615.294 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 9,426,721.798 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 8,784,460.804 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 13.350 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 14.620 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 12.090 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: CBRE has demonstrated consistent revenue growth as per the latest income statements, supported by strong operating income and net income figures. This indicates a solid financial foundation and effective business operations within the commercial real estate sector.
- Strong Cash Flow Generation: The cash flow statements highlight a healthy net cash provided by operating activities and positive free cash flow, reflecting CBRE's ability to generate cash for reinvestment or debt management, a critical factor for sustained growth.
- Market Position and Scale: With a significant market capitalization and a large workforce as noted in the company profile, CBRE holds a commanding presence in the real estate services industry, providing a competitive edge through extensive resources and global reach.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CBRE intrinsic value between $71.27 – $99.75 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CBRE valuation
Is CBRE Group, Inc. (CBRE) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for CBRE Group, Inc. (CBRE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CBRE a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CBRE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CBRE’s P/E ratio?
You can see CBRE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CBRE?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CBRE a good long-term investment?
Whether CBRE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CBRE
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Daily snapshot
3.33
Trading Metrics:
| Open: | 132.33 | Previous Close: | 131.71 | |
| Day Low: | 132.33 | Day High: | 137.44 | |
| Year Low: | 121.69 | Year High: | 174.27 | |
| Price Avg 50: | 138.7 | Price Avg 200: | 152.02 | |
| Volume: | 2.178M | Average Volume: | 2.295M |
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Login — it's freeCBRE full analysis
Welcome to MARKETSNAP’s SWOT analysis for CBRE Group, a powerhouse in the commercial real estate services space. If you’re a long-term investor looking to dig into a company that’s deeply tied to global property markets, you’ve come to the right place. Today, we’re breaking down CBRE’s strengths, weaknesses, opportunities, and threats with a conversational deep dive into their financials, recent news, and market position. Let’s unpack what makes this company tick and whether it’s a solid pick for your portfolio.…
