Everest Group EG

March 24, 2024 - 10:10pm EST by

member

						2024	2025
Price:		384.17		EPS		64.78	81.86
Shares Out. (in M):		43		P/E		5.9	4.7
Market Cap (in $M):		16,700		P/FCF		0	0
Net Debt (in $M):		3,386		EBIT		0	0
TEV (in $M):		0		TEV/EBIT		0	0

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#	AUTHOR DATE SUBJECT
11	member 10/24/24 4:58PM Q3-24 earnings update
CBRE continues to fire on all cylinders. They're exceeding the upper-end of my expectations. Guidance revised up to FY EPS to $5 and management seems to already be very confident in a big year in... login to read the rest view available tags
9	member 7/08/24 5:48PM Re: Re: Re: Questions 6
Hi Humkae -- see below for our EBITDA bridge. Key points of underwriting are getting comfortable with GWS (pipeline and then margin expansion opportunity over time), Development (management have said this will be a key go-forward... login to read the rest view available tags
8	member 7/05/24 5:40PM Re: Multifamily distressed debt 7
Hi WittyWizard - Thank you for your questions. You rightfully point out that in certain instances the originator of GSE financing assumes liability related to loan loss sharing. The loss sharing schedule you reference relates to... login to read the rest 1 view available tags
7	member 7/03/24 11:12AM Multifamily distressed debt
Thanks for the write-up, have you quantified the impact on CBRE (worst case) if we see a string of defaults on multifamily loans? This was a risk highlighted in a Thirdbridge transcript (April) w a... login to read the rest -1 view available tags
6	member 7/02/24 7:50PM Re: Re: Questions 5
Thanks for the reply. Would love to see whatever buildup you can share view available tags
4	member 6/27/24 2:02PM Questions
Thanks for sharing the thoughtful idea. Just had two quick questions on the numbers. 1) re: exit EPS. I see Visible Alpha 2028 NI consensus of $2.5bn, not $3bn. Also, that adjusted NI # already adds... login to read the rest view available tags
2	member 6/25/24 10:09AM Re: Recovery path 1
Hi AWJ - thanks for the question. There are two points to make here. First: investor sentiment seems to be, from conversations we have had, that the traditional brokerage/transactional business is core to the long-term... login to read the rest 1 view available tags
1	member 6/24/24 9:45AM Recovery path
Thanks for the write-up. One thing i struggle with these is Street modelling back to peak earnings sometime in 25. Meanwhile I look out the window and CRE is still in trouble. I agree on 2 view available tags

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