Newmark Group, Inc.

Finance
Real Estate
www.nmrk.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.68B
PE 51
Debt $770.41M
Cash $284.34M
EV $3.17B
FCF -$229.57M

Earnings

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Sales & Net Margins

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Earnings	$52.37M
EBIT	$138.59M
ROE	4%
ROA	3%
FCF	-$229.57M
Equity	$1.48B
Growth Stability	14%
PE	51.22
PEG	-1.94
PB	1.81
P/FCF	-11.68
P/S	1.03
Price/Cash	0.11
Debt/Equity	0.52
Debt/FCF	-3.36
Net Margins	1%
Op. Margins	5%
Earnings CAGR	-9%
Sales Growth YoY	11%
Sales Growth QoQ	8%
Sales CAGR	7%
FCF CAGR	-5%
Equity CAGR	15%
Earnings Stability	-0.2
Earnings Growth YoY	68%
Earnings Growth QoQ	-20%

Earnings CAGR 5Y	-26%
Sales CAGR 5Y	5%
FCF CAGR 5Y	-10%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	-8%
Sales CAGR 3Y	-8%
FCF CAGR 3Y	-19%
Equity CAGR 3Y	-2%
Market Cap	$2.68B
Revenue	$2.61B
Assets	$5.00B
Total Debt	$770.41M
Cash	$284.34M
Shares Outstanding	170.09M
EV	3.17B
Earnings Score	6%
Moat Score	37%
Safety Score	36%
Final Score	26%
Working Capital	31.14M
Current Ratio	1.02
Shares Growth 3y	-4%
Equity Growth QoQ	-3%
Equity Growth YoY	-1%

Assets & ROA

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Stockholders Equity & ROE

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Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.

SEC Filings

Direct access to Newmark Group, Inc. (NMRK) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Newmark Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Newmark Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -9%

Stability -20%

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Newmark Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Newmark Group, Inc..

Years

Calculation mode

= -$1.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$230M	-$218M	-$207M	-$197M	-$187M	-$178M	-$169M	-$161M	-$153M	-$145M	-$138M	-$1.4B
DCF		-$198M	-$171M	-$148M	-$128M	-$110M	-$95M	-$82M	-$71M	-$62M	-$53M	-$531M
Value	-$1.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	12%	9%	5%	5%	4%	26%	3%	2%	1%
ROA	-	9%	10%	8%	5%	24%	5%	3%	3%
ROE	-	55%	10%	11%	8%	45%	5%	3%	4%

Bad Net Margins (0.85%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.8	-1.52	0.62	-0.85	-7.97	0.97	-1.7	-3.36
Debt over Equity	-	2.58	0.51	0.63	0.74	0.33	0.72	0.35	0.52
Growth Stability	-	-	-	76%	60%	100%	27%	14%	14%

Good Debt/FCF ratio (-3.36)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.52)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (14%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	18%	28%	8%	-14%	53%	-7%	-9%	5%
Earnings YoY growth	-	-14%	-30%	3%	-33%	959%	-89%	-49%	-26%
Equity YoY growth	-	-74%	306%	-11%	-2%	81%	-8%	4%	13%
FCF YoY growth	-	-224%	-142%	-369%	-184%	-91%	-2K%	-128%	-10%