Equity research and valuation of CBRE Group, Inc.

Abstract

This dissertation values CBRE stock, an American commercial real estate and investment company. The company is listed in the S&P 500, a highly regarded index that comprises the largest publicly traded companies in the US. The purpose of this valuation is to determine CBRE's fair value and make a recommendation to buy, hold, or sell based on its intrinsic value at the start of the fiscal year in 2024. Accurate explanations and appropriate justifications will be provided to support this computation. The pandemic has significantly altered the business environment, requiring a comprehensive analysis of its effects on companies like CBRE and the broader economy. The dynamic business landscape underwent transformative shifts that potentially revolutionized the conventional work paradigm. The emergence of AI, E-commerce, and remote work presents both opportunities and challenges for established firms. This could potentially serve as the rationale for the assessment that will be presented in this document, which suggests selling the stock. These findings will be compared to a report from Zacks Investment Research, a reputable American firm specializing in research, analysis, and recommendations on the financial markets, in order to determine if the results align.

Date of Award	8 May 2024
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	José Carlos Tudela Martins (Supervisor)