| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 1 | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | 0.20 |
—
—
—
|
| 2025 | 0.12 |
—
—
—
—
|
| 2024 | 0.12 |
—
—
—
—
|
| 2023 | 0.12 |
—
—
—
—
|
| 2022 | 0.10 |
—
—
—
—
|
| 2021 | 0.04 |
—
—
—
—
|
| 2020 | 0.13 |
—
—
—
—
|
| 2019 | 0.39 |
—
—
—
—
|
| 2018 | 0.27 |
—
—
—
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 258.71 | 304.87 | 349.29 | 387.40 |
| Receivables | 622.51 | 604.93 | 628.41 | 660.11 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 881.21 | 909.79 | 977.69 | 1,047.51 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 583.56 | 577.94 | 572.29 | 599.02 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 1,482.96 | 1,780.43 | 1,905.07 | 1,913.92 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 846.52 | 888.42 | — | — |
—
|
| ’25 | 665.49 | 759.11 | 863.46 | 1,005.96 |
3,294.02
|
| ’24 | 546.50 | 633.38 | 685.91 | 872.72 |
2,738.50
|
| ’23 | 520.80 | 585.84 | 616.28 | 747.44 |
2,470.37
|
| ’22 | 678.25 | 755.35 | 664.65 | 607.28 |
2,705.53
|
| ’21 | 503.98 | 629.87 | 788.13 | 984.47 |
2,906.44
|
| ’20 | 483.93 | 383.72 | 435.92 | 601.43 |
1,905.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (247.60) | 362.47 | — | — |
—
|
| ’25 | (179.40) | (379.74) | 112.63 | 618.52 |
172.00
|
| ’24 | (68.78) | (258.49) | (85.24) | 402.58 |
(9.94)
|
| ’23 | (398.84) | (500.64) | 413.54 | 219.98 |
(265.96)
|
| ’22 | 502.16 | (163.12) | (74.30) | 931.61 |
1,196.34
|
| ’21 | 290.96 | 494.18 | (1,111.70) | 277.85 |
(48.71)
|
| ’20 | (652.40) | (302.69) | (385.95) | 563.36 |
(777.69)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (257.81) | 341.68 | — | — |
—
|
| ’25 | (184.85) | (386.24) | 104.90 | 608.82 |
142.63
|
| ’24 | (75.82) | (267.75) | (95.93) | 396.56 |
(42.94)
|
| ’23 | (417.01) | (516.10) | 403.35 | 208.44 |
(321.32)
|
| ’22 | 493.49 | (171.98) | (96.78) | 909.43 |
1,134.15
|
| ’21 | 288.52 | 490.52 | (1,116.88) | 269.41 |
(68.43)
|
| ’20 | (662.25) | (304.82) | (390.16) | 559.91 |
(797.32)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.08 | 0.11 | — | — |
—
|
| ’25 | (0.05) | 0.11 | 0.25 | 0.37 |
0.68
|
| ’24 | (0.09) | 0.08 | 0.10 | 0.26 |
0.34
|
| ’23 | (0.06) | 0.04 | 0.06 | 0.21 |
0.24
|
| ’22 | 0.00 | 0.26 | 0.15 | 0.05 |
0.46
|
| ’21 | 0.16 | 2.13 | 0.63 | 0.74 |
3.80
|
| ’20 | 0.03 | (0.01) | 0.39 | (0.03) |
0.39
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 7.42 | 5.07 | 9.22 | 9.65 | — | — | — |
Low Price
|
| — | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.10 | 11.23 | 16.10 | 19.84 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,300 | 7,000 | 7,500 | 8,800 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.43 | 0.35 | 0.37 | 0.37 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,705.53 | 2,470.37 | 2,738.50 | 3,294.02 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 154.60 | 103.48 | 131.27 | 201.52 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.71% | 4.19% | 4.79% | 6.12% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 112.55 | 62.38 | 85.49 | 155.45 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 249.93 | 259.16 | 298.16 | 336.58 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.00 | 14.24 | 15.91 | 18.46 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.48 | 0.25 | 0.36 | 0.71 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.63 | (1.53) | (0.06) | 0.96 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.34) | (0.32) | (0.19) | (0.16) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.29 | (1.85) | (0.25) | 0.80 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.46 | 9.10 | 8.85 | 9.75 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 180.34 | 173.48 | 172.18 | 178.46 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.30 | 43.40 | 35.58 | 24.42 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.54 | 0.76 | 0.81 | 0.94 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.96 | 1.19 | 1.45 | 1.78 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.93 | 1.22 | 1.25 | 1.29 | ‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.21 | (9.41) | (82.43) | 29.89 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,196.34 | (265.96) | (9.94) | 172.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (62.19) | (55.36) | (33.01) | (29.37) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,134.15 | (321.32) | (42.94) | 142.63 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (181.84) | (601.75) | (870.64) | (927.38) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,349.53 | 553.90 | 670.67 | 673.58 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,036.58 | 295.20 | 365.81 | 324.30 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,524.87 | 1,578.68 | 1,524.17 | 1,739.76 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.82% | 1.01% | 1.33% | 2.59% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.53% | 4.18% | 5.39% | 7.09% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.22% | 2.74% | 3.95% | 7.73% | — | — | — |
ROE
|
Newmark Group, Inc. (NMRK), a leading commercial real estate (CRE) services firm, exhibits strong resilience amid sector challenges like Fed rate hikes and post-COVID volatility, trading at undervalued levels with consensus analyst targets implying 42% upside (28-62% range) from recent highs near its 2024 peak. Despite compressed margins and cyclical revenue dips—from a 2020 low to a 2021 rebound—fundamentals signal recovery, with revenues growing at a 9% CAGR over the decade to $2.74 billion in 2024, propelled by efficient scaling (headcount up 63%, revenue per employee rising to $365,000).
Projections are bullish: revenues poised to surge 20% to $3.29 billion in 2025 and cumulatively 43% by 2027, alongside EPS climbing from $0.36 to $0.78, fueled by anticipated Fed rate cuts unlocking CRE deals. Profitability faces margin pressures (EBT at 4.8% in 2024), but a fortified balance sheet—debt slashed 52% to $671 million—supports FCF recovery and ROE rebound, with muted insider selling signaling confidence.
Attractive valuations (forward P/E dropping to 19x by 2027, PS at 0.81x) position NMRK at a discount to peers, primed for re-rating in a softening yield environment amid industrial demand and global diversification—though risks like prolonged high rates loom, making it a compelling macro recovery bet.
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