COLLIERS INTL GR-SUBORD VOT (CIGI.CA) Stock Fundamental Analysis
Canada - TSX:CIGI - CA1946931070 - Common Stock
228 CAD
-1.78 (-0.77%)
CIGI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 29 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of CIGI get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, CIGI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CIGI was profitable.
In the past year CIGI had a positive cash flow from operations.
CIGI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CIGI had a positive operating cash flow.
1.2 Ratios
CIGI has a Return On Assets (1.74%) which is comparable to the rest of the industry.
CIGI has a better Return On Equity (8.09%) than 65.52% of its industry peers.
CIGI has a Return On Invested Capital of 5.28%. This is in the better half of the industry: CIGI outperforms 72.41% of its industry peers.
CIGI had an Average Return On Invested Capital over the past 3 years of 6.63%. This is in line with the industry average of 8.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.74% | ||
| ROE | 8.09% | ||
| ROIC | 5.28% |
ROA(3y)1.58%
ROA(5y)-0.77%
ROE(3y)9.79%
ROE(5y)-5.86%
ROIC(3y)6.63%
ROIC(5y)7.32%
1.3 Margins
CIGI has a Profit Margin (2.17%) which is comparable to the rest of the industry.
CIGI's Profit Margin has been stable in the last couple of years.
CIGI's Operating Margin of 7.21% is on the low side compared to the rest of the industry. CIGI is outperformed by 68.97% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
CIGI has a Gross Margin (40.16%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CIGI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.21% | ||
| PM (TTM) | 2.17% | ||
| GM | 40.16% |
OM growth 3Y-8.18%
OM growth 5Y-1.54%
PM growth 3YN/A
PM growth 5Y-0.15%
GM growth 3Y1.35%
GM growth 5Y2.25%
2. Health
2.1 Basic Checks
CIGI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CIGI has more shares outstanding
Compared to 5 years ago, CIGI has more shares outstanding
The debt/assets ratio for CIGI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.99 indicates that CIGI is not a great score, but indicates only limited risk for bankruptcy at the moment.
CIGI's Altman-Z score of 1.99 is fine compared to the rest of the industry. CIGI outperforms 68.97% of its industry peers.
CIGI has a debt to FCF ratio of 8.52. This is a slightly negative value and a sign of low solvency as CIGI would need 8.52 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 8.52, CIGI is doing good in the industry, outperforming 72.41% of the companies in the same industry.
CIGI has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.31, CIGI is doing worse than 68.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.61
WACC8.65%
2.3 Liquidity
CIGI has a Current Ratio of 1.17. This is a normal value and indicates that CIGI is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CIGI (1.17) is comparable to the rest of the industry.
CIGI has a Quick Ratio of 1.17. This is a normal value and indicates that CIGI is financially healthy and should not expect problems in meeting its short term obligations.
CIGI has a Quick ratio (1.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
CIGI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.98%, which is quite good.
The Earnings Per Share has been growing slightly by 4.15% on average over the past years.
Looking at the last year, CIGI shows a quite strong growth in Revenue. The Revenue has grown by 16.63% in the last year.
The Revenue has been growing by 9.62% on average over the past years. This is quite good.
EPS 1Y (TTM)15.98%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%26.47%
Revenue 1Y (TTM)16.63%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%18.28%
3.2 Future
The Earnings Per Share is expected to grow by 14.29% on average over the next years. This is quite good.
Based on estimates for the next years, CIGI will show a quite strong growth in Revenue. The Revenue will grow by 9.42% on average per year.
EPS Next Y19.36%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue Next Year15.65%
Revenue Next 2Y11.48%
Revenue Next 3Y9.42%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CIGI is valuated quite expensively with a Price/Earnings ratio of 26.89.
The rest of the industry has a similar Price/Earnings ratio as CIGI.
The average S&P500 Price/Earnings ratio is at 27.20. CIGI is around the same levels.
A Price/Forward Earnings ratio of 21.55 indicates a rather expensive valuation of CIGI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 79.31% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.71. CIGI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.89 | ||
| Fwd PE | 21.55 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 75.86% of the companies listed in the same industry.
CIGI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.12 | ||
| EV/EBITDA | 16.14 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CIGI's earnings are expected to grow with 14.29% in the coming years.
PEG (NY)1.39
PEG (5Y)6.48
EPS Next 2Y16.09%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
With a yearly dividend of 0.19%, CIGI is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.24, CIGI is paying slightly less dividend.
With a Dividend Yield of 0.19, CIGI pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
5.2 History
On average, the dividend of CIGI grows each year by 24.82%, which is quite nice.
CIGI has been paying a dividend for at least 10 years, so it has a reliable track record.
CIGI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)24.82%
Div Incr Years0
Div Non Decr Years9
5.3 Sustainability
CIGI pays out 13.50% of its income as dividend. This is a sustainable payout ratio.
CIGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.5%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
TSX:CIGI (9/16/2025, 7:00:00 PM)
228
-1.78 (-0.77%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners77.19%
Inst Owner ChangeN/A
Ins Owners11.79%
Ins Owner ChangeN/A
Market Cap11.60B
Analysts78.57
Price Target181.46 (-20.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
Yearly Dividend0.41
Dividend Growth(5Y)24.82%
DP13.5%
Div Incr Years0
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.16%
Min EPS beat(2)-0.44%
Max EPS beat(2)12.75%
EPS beat(4)1
Avg EPS beat(4)-1.61%
Min EPS beat(4)-12.31%
Max EPS beat(4)12.75%
EPS beat(8)2
Avg EPS beat(8)-7.29%
EPS beat(12)2
Avg EPS beat(12)-10.45%
EPS beat(16)6
Avg EPS beat(16)-4.05%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-2.63%
Max Revenue beat(2)2.4%
Revenue beat(4)2
Avg Revenue beat(4)0.38%
Min Revenue beat(4)-2.63%
Max Revenue beat(4)2.92%
Revenue beat(8)3
Avg Revenue beat(8)-0.67%
Revenue beat(12)4
Avg Revenue beat(12)-1.51%
Revenue beat(16)8
Avg Revenue beat(16)2.71%
PT rev (1m)1.18%
PT rev (3m)12.27%
EPS NQ rev (1m)-0.04%
EPS NQ rev (3m)-3.62%
EPS NY rev (1m)3.44%
EPS NY rev (3m)3.44%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)6.6%
Revenue NY rev (1m)2.02%
Revenue NY rev (3m)2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.89 | ||
| Fwd PE | 21.55 | ||
| P/S | 1.63 | ||
| P/FCF | 39.12 | ||
| P/OCF | 29.87 | ||
| P/B | 6.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.14 |
EPS(TTM)8.48
EY3.72%
EPS(NY)10.58
Fwd EY4.64%
FCF(TTM)5.83
FCFY2.56%
OCF(TTM)7.63
OCFY3.35%
SpS139.69
BVpS37.43
TBVpS-59.13
PEG (NY)1.39
PEG (5Y)6.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.74% | ||
| ROE | 8.09% | ||
| ROCE | 7.47% | ||
| ROIC | 5.28% | ||
| ROICexc | 5.48% | ||
| ROICexgc | 20.19% | ||
| OM | 7.21% | ||
| PM (TTM) | 2.17% | ||
| GM | 40.16% | ||
| FCFM | 4.17% |
ROA(3y)1.58%
ROA(5y)-0.77%
ROE(3y)9.79%
ROE(5y)-5.86%
ROIC(3y)6.63%
ROIC(5y)7.32%
ROICexc(3y)6.99%
ROICexc(5y)8.08%
ROICexgc(3y)42.89%
ROICexgc(5y)43.89%
ROCE(3y)9.39%
ROCE(5y)10.64%
ROICexcg growth 3Y-25.89%
ROICexcg growth 5Y-8.75%
ROICexc growth 3Y-24.66%
ROICexc growth 5Y-9.49%
OM growth 3Y-8.18%
OM growth 5Y-1.54%
PM growth 3YN/A
PM growth 5Y-0.15%
GM growth 3Y1.35%
GM growth 5Y2.25%
F-Score6
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 27.12% | ||
| Cap/Sales | 1.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 45.63% | ||
| Profit Quality | 192.44% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.99 |
F-Score6
WACC8.65%
ROIC/WACC0.61
Cap/Depr(3y)36.42%
Cap/Depr(5y)36.26%
Cap/Sales(3y)1.61%
Cap/Sales(5y)1.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.98%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%26.47%
EPS Next Y19.36%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue 1Y (TTM)16.63%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%18.28%
Revenue Next Year15.65%
Revenue Next 2Y11.48%
Revenue Next 3Y9.42%
Revenue Next 5YN/A
EBIT growth 1Y4.36%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year65.42%
EBIT Next 3Y24.76%
EBIT Next 5YN/A
FCF growth 1Y9.82%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y0.28%
OCF growth 3Y4.1%
OCF growth 5Y0.96%