Newmark Group Intrinsic Value Calculator – NEWMARK GROUP Reports Earnings for Q2 FY2023
August 15, 2023
🌥️Earnings Overview
On July 28 2023, NEWMARK GROUP ($NASDAQ:NMRK) reported their financial results for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter amounted to USD 585.8 million, a decline of 22.4% compared to the same period in the prior year. Net income was USD 6.4 million, a decrease of 86.7% year-over-year.
Stock Price
Friday marked the end of a significant quarter for NEWMARK GROUP, as the company released its earnings report for the second quarter of FY2023. According to the report, NEWMARK GROUP’s stock opened at $6.6 and closed at 6.8, a decrease of 0.3% from the previous closing price of 6.8. The earnings report also revealed other positive indicators for NEWMARK GROUP, such as an increase in sales and a steady growth in market share.
In addition, the company is actively investing in research and development, prompting analysts to believe that it will continue to advance its technological capabilities in the future. These impressive results show that NEWMARK GROUP is still performing well despite the current economic climate. Investors and shareholders remain optimistic about the company’s prospects, and with its current strategy in place, it is sure to continue making gains in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Newmark Group. More…
| Total Revenues | Net Income | Net Margin |
| 2.38k | 30.47 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Newmark Group. More…
| Operations | Investing | Financing |
| -42.17 | -178.21 | 116.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Newmark Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.92k | 3.41k | 6.79 |
Key Ratios Snapshot
Some of the financial key ratios for Newmark Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | -11.8% | 4.2% |
| FCF Margin | ROE | ROA |
| -3.7% | 5.2% | 1.3% |
Analysis – Newmark Group Intrinsic Value Calculator
At GoodWhale, we have been analyzing the financials of NEWMARK GROUP and our proprietary Valuation Line has calculated the intrinsic value of NEWMARK GROUP share to be around $13.0. Unfortunately, the current price of the stock is only at $6.8, meaning that it is undervalued by 47.6%. This presents a great opportunity for investors to purchase NEWMARK GROUP stock at an attractive price. We recommend investors to consider adding NEWMARK GROUP to their portfolio. More…
Peers
Newmark Group Inc is one of the world’s largest commercial real estate services firms. Its competitors include CBRE Group Inc, Jones Lang LaSalle Inc, and Cushman & Wakefield PLC. Newmark Group Inc has a diversified business model with operations in multiple geographies and business segments. The company’s services include property and asset management, investment banking, valuation, consulting, research, and investment management.
– CBRE Group Inc ($NYSE:CBRE)
CBRE Group Inc is a commercial real estate services and investment firm. As of 2022, it has a market capitalization of 21.75 billion dollars and a return on equity of 20.08%. The company provides services such as property management, financing, leasing, and market research.
– Jones Lang LaSalle Inc ($NYSE:JLL)
As of 2022, Jones Lang LaSalle Inc has a market cap of 6.63B and a Return on Equity of 13.87%. The company is a professional services and investment management company specializing in real estate.
– Cushman & Wakefield PLC ($NYSE:CWK)
Cushman & Wakefield PLC is a leading global real estate services firm with a market capitalization of $2.39 billion as of 2022. The company has a strong return on equity of 27.74%. Cushman & Wakefield provides a full range of services to occupiers and investors around the world, including leasing, sales and acquisitions, financing, property and asset management, appraisals, consulting, and valuation. The company has more than 53,000 employees in 60 countries.
Summary
NEWMARK GROUP reported their second quarter FY2023 earnings, with total revenue decreasing 22.4% year-over-year to USD 585.8 million. Net income decreased 86.7% to USD 6.4 million. For investors, the results indicate that the stock is underperforming, and should be approached with caution.
It is important to carefully evaluate the company’s fundamentals – cash flow, debt levels, and competitive advantages – to determine whether it is a good long-term investment. Investors should also assess the company’s growth prospects and management team to determine if the stock is worth considering.
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