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Upturn AI SWOT - About
MMI 
Marcus & Millichap Inc (MMI)
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Upturn Advisory Summary
04/01/2025: MMI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -33.02% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.37B USD | Price to earnings Ratio - | 1Y Target Price 30 |
Price to earnings Ratio - | 1Y Target Price 30 | ||
Volume (30-day avg) 120685 | Beta 1.16 | 52 Weeks Range 29.53 - 42.50 | Updated Date 04/1/2025 |
52 Weeks Range 29.53 - 42.50 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 1.45% | Basic EPS (TTM) -0.32 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.78% | Operating Margin (TTM) 2.96% |
Management Effectiveness
Return on Assets (TTM) -2.35% | Return on Equity (TTM) -1.94% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1103167576 | Price to Sales(TTM) 1.97 |
Enterprise Value 1103167576 | Price to Sales(TTM) 1.97 | ||
Enterprise Value to Revenue 1.58 | Enterprise Value to EBITDA 252.27 | Shares Outstanding 39198000 | Shares Floating 24237252 |
Shares Outstanding 39198000 | Shares Floating 24237252 | ||
Percent Insiders 3.4 | Percent Institutions 96.41 |
Analyst Ratings
Rating 1 | Target Price 30 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Marcus & Millichap Inc
Company Overview
History and Background
Marcus & Millichap was founded in 1971. It has grown to become a leading brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. It went public in 2013.
Core Business Areas
- Brokerage Services: Facilitates the sale, purchase, financing, and advisory of commercial real estate investments, including multifamily, retail, office, industrial, hospitality, seniors housing, and healthcare properties.
- Financing Services: Provides debt and equity financing solutions for commercial real estate investors through Marcus & Millichap Capital Corporation (MMCC).
- Research Services: Offers market research and insights to clients to inform investment decisions.
Leadership and Structure
The company is led by President and CEO Hessam Nadji. It operates with a decentralized, team-based structure with offices across the United States and Canada.
Top Products and Market Share
Key Offerings
- Investment Sales: Facilitates the sale of commercial properties. Marcus & Millichap is a significant player in this market, estimated to be between 5-10% market share of the overall US Commercial Real Estate Brokerage market. Competitors include CBRE, JLL, and Cushman & Wakefield.
- Financing: Provides debt and equity financing through MMCC. Revenue from financing services is a substantial part of their overall income. Competitors include commercial banks, life insurance companies, and other mortgage brokerage firms.
- Advisory Services: Offers real estate investment advisory services, including valuation and consulting. Competitors include major consultancies and valuation firms.
Market Dynamics
Industry Overview
The commercial real estate brokerage industry is cyclical and depends on economic conditions, interest rates, and investor sentiment. Currently, the market is adjusting to higher interest rates and increased economic uncertainty.
Positioning
Marcus & Millichap is a leading national player with a strong focus on the private client market (smaller to mid-sized transactions). Its extensive broker network and research capabilities provide a competitive advantage.
Total Addressable Market (TAM)
The TAM for commercial real estate brokerage and related services is estimated to be in the hundreds of billions of dollars annually. Marcus & Millichap captures a fraction of this TAM, focusing on specific property types and transaction sizes.
Upturn SWOT Analysis
Strengths
- Extensive broker network
- Strong brand recognition
- Proprietary research capabilities
- Focus on the private client market
- MMCC financing platform
Weaknesses
- Cyclical business model
- Dependence on broker productivity
- Exposure to interest rate fluctuations
- Geographic concentration in the US
Opportunities
- Expansion into new markets (e.g., international)
- Increased adoption of technology
- Growth in alternative asset classes
- Strategic acquisitions
- Increased Demand due to market correction
Threats
- Economic downturn
- Rising interest rates
- Increased competition
- Disruption from online platforms
- Regulatory changes
Competitors and Market Share
Key Competitors
- CBRE (CBRE)
- Jones Lang LaSalle (JLL)
- Cushman & Wakefield (CWK)
Competitive Landscape
Marcus & Millichap competes with larger global firms and regional players. Its strengths include its private client focus and extensive broker network. Weaknesses compared to larger competitors are less global reach and fewer corporate relationships.
Major Acquisitions
Institutional Property Advisors (IPA)
- Year: 2016
- Acquisition Price (USD millions): 0
- Strategic Rationale: IPA is a division within Marcus & Millichap focused on serving the needs of institutional and major private investors, providing additional options for high net worth clients.
Growth Trajectory and Initiatives
Historical Growth: Marcus & Millichap has grown organically and through strategic acquisitions. Its growth is correlated with the overall health of the commercial real estate market.
Future Projections: Future growth projections depend on factors such as interest rates, economic growth, and the company's ability to capture market share. Analyst estimates should be consulted for specific projections.
Recent Initiatives: Please consult recent filings to see recent strategic initiatives
Summary
Marcus & Millichap is a significant player in the commercial real estate brokerage market, particularly for private clients. Its strengths lie in its extensive network and research capabilities, but it faces cyclical risks and competition from larger firms. Recent acquisitions have strengthened its position, but it needs to adapt to changing market conditions and technology advancements. The company's future performance depends on its ability to navigate these challenges and capitalize on growth opportunities.
Similar Companies
CBRE
CBRE Group Inc Class A
CBRE
CBRE Group Inc Class A
CWK
Cushman & Wakefield plc
CWK
Cushman & Wakefield plc
JLL
Jones Lang LaSalle Incorporated
JLL
Jones Lang LaSalle Incorporated
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and based on available estimates. Financial data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Marcus & Millichap Inc
Exchange NYSE | Headquaters Calabasas, CA, United States | ||
IPO Launch date 2013-10-31 | President, CEO & Director Mr. Hessam Nadji | ||
Sector Real Estate | Industry Real Estate Services | Full time employees 897 | Website https://www.marcusmillichap.com |
Full time employees 897 | Website https://www.marcusmillichap.com | ||
Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers real estate services comprising commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets/financing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, preferred equity, and securitization services, as well as loan sales and due diligence services to commercial real estate owners, developers, and investors. In addition, the company provides advisory and consulting services, which include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market strategy, development and redevelopment feasibility studies, and other services; and leasing services for tenants and/or landlords in connection with commercial real estate leases. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.
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