Cushman & Wakefield Limited

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $150M normalized FCF base; 15% growth years 1-5 (management guided 2026 adjusted EPS growth of 18-23% off a depressed base); 6% years 6-10; 10% discount rate; 3% terminal growth; -$2,529M net debt; 234.71M shares outstanding.

Reasoning: Cushman & Wakefield is a global real-estate services firm emerging from a cyclical commercial real estate downturn; a DCF anchored to management's own near-term earnings recovery guidance, tapering to a mature growth rate, best captures the turnaround while fully reflecting its leveraged balance sheet.