NMRK (Newmark Group Inc) vs S&P 500 Comparison

NMRK

S&P 500

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NMRK

S&P 500

Difference

1Y 3Y 5Y 10Y 15Y 20Y

NMRK

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

NMRK

CBRE

2423

JLL

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Newmark Group Inc
Glance View

Market Cap

2.1B USD

Industry

Real Estate

Newmark Group Inc. is a firm rooted in the intricate world of commercial real estate, where every transaction carries the weight of significant financial stakes and strategic transformations. Born from a lineage that dates back to 1929, Newmark has evolved into a powerhouse, dealing in a wide array of commercial real estate services. It operates by providing a comprehensive palette that includes leasing, capital markets, property management, valuation, and advisory services. This diversity in offerings allows Newmark to cater to an expansive client base that spans various sectors and geographies, effectively positioning itself as a one-stop shop for businesses seeking real estate solutions that are as nuanced as they are crucial to their operations. Newmark's financial engine is powered by its profound expertise across these service areas, earning the bulk of its revenue through transaction-based commissions and fees. The firm thrives on its ability to broker deals and provide strategic counsel, ensuring that its clients' real estate decisions are informed by robust market insights and analysis. Beyond traditional brokerage, Newmark also capitalizes on property management and valuation services, which offer steady, recurring income streams. This mix of transactional and recurring revenue models not only sustains Newmark's financial health but also solidifies its standing as a resilient and adaptive player in the ever-fluctuating landscape of commercial real estate.

View NMRK Analysis

NMRK Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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HK	C	China Overseas Property Holdings Ltd HKEX:2669	Add
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US		CBRE Group Inc NYSE:CBRE	Select
CN	K	Ke Holdings Inc HKEX:2423	Select
US		Zillow Group Inc NASDAQ:ZG	Select
US		Jones Lang LaSalle Inc NYSE:JLL	Select
CA		FirstService Corp TSX:FSV	Select
CA		Colliers International Group Inc TSX:CIGI	Select
UK		Cushman & Wakefield PLC NYSE:CWK	Select
US	C	Compass Inc NYSE:COMP	Select
HK	C	China Overseas Property Holdings Ltd HKEX:2669	Select
JP		Relo Group Inc TSE:8876	Select

US		CBRE Group Inc NYSE:CBRE	Add
CN	K	Ke Holdings Inc HKEX:2423	Add
US		Zillow Group Inc NASDAQ:ZG	Add
US		Jones Lang LaSalle Inc NYSE:JLL	Add
CA		FirstService Corp TSX:FSV	Add
CA		Colliers International Group Inc TSX:CIGI	Add
UK		Cushman & Wakefield PLC NYSE:CWK	Add
US	C	Compass Inc NYSE:COMP	Add
HK	C	China Overseas Property Holdings Ltd HKEX:2669	Add
JP		Relo Group Inc TSE:8876	Add

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NMRK

vs

S&P 500

Stocks Performance
NMRK vs S&P 500

Performance Gap
NMRK vs S&P 500

Performance By Year
NMRK vs S&P 500

Competitors Performance
Newmark Group Inc vs Peers

Newmark Group Inc
Glance View

Company

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NMRK vs S&P 500

Stocks Performance NMRK vs S&P 500

Performance Gap NMRK vs S&P 500

Performance By Year NMRK vs S&P 500

Competitors Performance Newmark Group Inc vs Peers

Newmark Group Inc Glance View

Company

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Stocks

NMRK

vs

S&P 500

Stocks Performance
NMRK vs S&P 500

Performance Gap
NMRK vs S&P 500

Performance By Year
NMRK vs S&P 500

Competitors Performance
Newmark Group Inc vs Peers

Newmark Group Inc
Glance View