- Cushman & Wakefield's Q2 2021 financial performance was above market expectations, and the company's fee revenue in the recent quarter exceeded pre-pandemic levels in Q2 2019.
- The muted post-results share price reaction for CWK was not a surprise, as its growth will slow in 2H 2021 on a YoY comparison and its valuation discount is justified.
- Cushman & Wakefield currently trades at consensus forward FY 2021 and FY 2022 normalized P/E multiples of 13.2 times and 12.1 times, respectively.
For further details see:
Cushman & Wakefield: Good Performance Didn't Boost Its Stock Price