COLLIERS INTL GR-SUBORD VOT (CIGI.CA) Stock Fundamental Analysis
TSX:CIGI - Toronto Stock Exchange - CA1946931070 - Common Stock - Currency: CAD
Overall CIGI gets a fundamental rating of 5 out of 10. We evaluated CIGI against 31 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. CIGI is not valued too expensively and it also shows a decent growth rate.
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.
CIGI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CIGI (2.65%) is better than 67.74% of its industry peers.
CIGI has a better Return On Equity (12.21%) than 90.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.58%, CIGI is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
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 7.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 12.21% | ||
| ROIC | 5.58% |
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
With a decent Profit Margin value of 3.35%, CIGI is doing good in the industry, outperforming 64.52% of the companies in the same industry.
CIGI's Profit Margin has been stable in the last couple of years.
The Operating Margin of CIGI (7.49%) is worse than 67.74% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 39.86%, CIGI is in line with its industry, outperforming 45.16% of the companies in the same industry.
In the last couple of years the Gross Margin of CIGI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.49% | ||
| PM (TTM) | 3.35% | ||
| GM | 39.86% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CIGI is destroying value.
CIGI has more shares outstanding than it did 1 year ago.
CIGI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CIGI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.75, we must say that CIGI is in the distress zone and has some risk of bankruptcy.
CIGI's Altman-Z score of 1.75 is fine compared to the rest of the industry. CIGI outperforms 64.52% of its industry peers.
CIGI has a debt to FCF ratio of 6.06. This is a slightly negative value and a sign of low solvency as CIGI would need 6.06 years to pay back of all of its debts.
CIGI has a Debt to FCF ratio of 6.06. This is amongst the best in the industry. CIGI outperforms 83.87% of its industry peers.
CIGI has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CIGI (1.19) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Altman-Z | 1.75 |
ROIC/WACC0.78
WACC7.12%
2.3 Liquidity
CIGI has a Current Ratio of 1.06. This is a normal value and indicates that CIGI is financially healthy and should not expect problems in meeting its short term obligations.
CIGI's Current ratio of 1.06 is fine compared to the rest of the industry. CIGI outperforms 70.97% of its industry peers.
A Quick Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.06, CIGI is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.53% over the past year.
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 11.23% in the last year.
Measured over the past years, CIGI shows a quite strong growth in Revenue. The Revenue has been growing by 9.62% on average per year.
EPS 1Y (TTM)6.53%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%13%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%21.57%
3.2 Future
Based on estimates for the next years, CIGI will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.10% on average per year.
Based on estimates for the next years, CIGI will show a quite strong growth in Revenue. The Revenue will grow by 10.36% on average per year.
EPS Next Y15.87%
EPS Next 2Y15.37%
EPS Next 3Y17.1%
EPS Next 5YN/A
Revenue Next Year12.51%
Revenue Next 2Y9.8%
Revenue Next 3Y10.36%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.79, CIGI is valued on the expensive side.
CIGI's Price/Earnings ratio is a bit cheaper when compared to the industry. CIGI is cheaper than 74.19% of the companies in the same industry.
CIGI is valuated rather cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
CIGI is valuated rather expensively with a Price/Forward Earnings ratio of 18.81.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 77.42% of the companies listed in the same industry.
CIGI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.79 | ||
| Fwd PE | 18.81 |
4.2 Price Multiples
CIGI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CIGI is cheaper than 83.87% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CIGI is valued a bit cheaper than 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.14 | ||
| EV/EBITDA | 13.09 |
4.3 Compensation for Growth
CIGI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CIGI has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CIGI's earnings are expected to grow with 17.10% in the coming years.
PEG (NY)1.37
PEG (5Y)5.25
EPS Next 2Y15.37%
EPS Next 3Y17.1%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.24%, which is pretty low.
CIGI's Dividend Yield is slightly below the industry average, which is at 3.39.
Compared to an average S&P500 Dividend Yield of 2.33, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
5.2 History
On average, the dividend of CIGI grows each year by 24.82%, which is quite nice.
CIGI has paid a dividend for at least 10 years, which is a reliable track record.
As CIGI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)24.82%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
9.07% of the earnings are spent on dividend by CIGI. This is a low number and sustainable payout ratio.
The dividend of CIGI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP9.07%
EPS Next 2Y15.37%
EPS Next 3Y17.1%
TSX:CIGI (3/7/2025, 7:00:00 PM)
178.43
+0.21 (+0.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners75.36%
Inst Owner ChangeN/A
Ins Owners11.79%
Ins Owner ChangeN/A
Market Cap9.03B
Analysts80
Price Target154.51 (-13.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
Yearly Dividend0.43
Dividend Growth(5Y)24.82%
DP9.07%
Div Incr Years0
Div Non Decr Years8
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.38%
Min EPS beat(2)-12.31%
Max EPS beat(2)-6.46%
EPS beat(4)0
Avg EPS beat(4)-10.06%
Min EPS beat(4)-19.81%
Max EPS beat(4)-1.65%
EPS beat(8)1
Avg EPS beat(8)-15.08%
EPS beat(12)3
Avg EPS beat(12)-9.69%
EPS beat(16)7
Avg EPS beat(16)3.77%
Revenue beat(2)1
Avg Revenue beat(2)0.88%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)2.92%
Revenue beat(4)2
Avg Revenue beat(4)0.36%
Min Revenue beat(4)-1.17%
Max Revenue beat(4)2.92%
Revenue beat(8)2
Avg Revenue beat(8)-1.43%
Revenue beat(12)5
Avg Revenue beat(12)0.05%
Revenue beat(16)9
Avg Revenue beat(16)4.96%
PT rev (1m)-0.05%
PT rev (3m)1.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.21%
EPS NY rev (1m)-7.02%
EPS NY rev (3m)-6.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.08%
Revenue NY rev (1m)0.72%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.79 | ||
| Fwd PE | 18.81 | ||
| P/S | 1.31 | ||
| P/FCF | 24.14 | ||
| P/OCF | 19.32 | ||
| P/B | 4.76 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.09 |
EPS(TTM)8.19
EY4.59%
EPS(NY)9.49
Fwd EY5.32%
FCF(TTM)7.39
FCFY4.14%
OCF(TTM)9.23
OCFY5.17%
SpS136.58
BVpS37.52
TBVpS-61.08
PEG (NY)1.37
PEG (5Y)5.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 12.21% | ||
| ROCE | 7.87% | ||
| ROIC | 5.58% | ||
| ROICexc | 5.8% | ||
| ROICexgc | 25.86% | ||
| OM | 7.49% | ||
| PM (TTM) | 3.35% | ||
| GM | 39.86% | ||
| FCFM | 5.41% |
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 Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Debt/EBITDA | 2.7 | ||
| Cap/Depr | 29.37% | ||
| Cap/Sales | 1.35% | ||
| Interest Coverage | 4.02 | ||
| Cash Conversion | 55.92% | ||
| Profit Quality | 161.34% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.75 |
F-Score6
WACC7.12%
ROIC/WACC0.78
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)6.53%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%13%
EPS Next Y15.87%
EPS Next 2Y15.37%
EPS Next 3Y17.1%
EPS Next 5YN/A
Revenue 1Y (TTM)11.23%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%21.57%
Revenue Next Year12.51%
Revenue Next 2Y9.8%
Revenue Next 3Y10.36%
Revenue Next 5YN/A
EBIT growth 1Y3.17%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year77.38%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y221.58%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y96.79%
OCF growth 3Y4.1%
OCF growth 5Y0.96%