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 28 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 has a decent growth rate and is not valued too expensively.
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.
In the past 5 years CIGI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CIGI (2.65%) is better than 71.43% of its industry peers.
CIGI's Return On Equity of 12.21% is amongst the best of the industry. CIGI outperforms 89.29% of its industry peers.
With a decent Return On Invested Capital value of 5.58%, CIGI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CIGI is below the industry average of 10.95%.
| 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
The Profit Margin of CIGI (3.35%) is better than 60.71% of its industry peers.
In the last couple of years the Profit Margin of CIGI has remained more or less at the same level.
With a Operating Margin value of 7.49%, CIGI is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of CIGI has declined.
CIGI has a Gross Margin (39.86%) which is comparable to the rest of the industry.
CIGI's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIGI is destroying value.
The number of shares outstanding for CIGI has been increased compared to 1 year ago.
Compared to 5 years ago, CIGI has more shares outstanding
CIGI has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.70, we must say that CIGI is in the distress zone and has some risk of bankruptcy.
CIGI's Altman-Z score of 1.70 is fine compared to the rest of the industry. CIGI outperforms 67.86% of its industry peers.
The Debt to FCF ratio of CIGI is 6.06, which is on the high side as it means it would take CIGI, 6.06 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CIGI (6.06) is better than 78.57% of its industry peers.
A Debt/Equity ratio of 1.19 is on the high side and indicates that CIGI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.19, CIGI perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Altman-Z | 1.7 |
ROIC/WACC0.81
WACC6.86%
2.3 Liquidity
A Current Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
CIGI has a better Current ratio (1.06) than 67.86% of its industry peers.
A Quick Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
The Quick ratio of CIGI (1.06) is better than 67.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
CIGI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.53%.
Measured over the past 5 years, CIGI shows a small growth in Earnings Per Share. The EPS has been growing by 4.15% on average per year.
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 15.92% on average per year.
CIGI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.36% yearly.
EPS Next Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
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.
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
The Price/Earnings ratio is 20.40, which indicates a rather expensive current valuation of CIGI.
Based on the Price/Earnings ratio, CIGI is valued a bit cheaper than 64.29% of the companies in the same industry.
CIGI is valuated rather cheaply when we compare the Price/Earnings ratio to 28.92, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 17.67, the valuation of CIGI can be described as rather expensive.
Based on the Price/Forward Earnings ratio, CIGI is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.65. CIGI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.4 | ||
| Fwd PE | 17.67 |
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 78.57% 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 | 22.59 | ||
| EV/EBITDA | 12.39 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CIGI's earnings are expected to grow with 15.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.33
PEG (5Y)4.92
EPS Next 2Y15.16%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
With a yearly dividend of 0.27%, CIGI is not a good candidate for dividend investing.
In the last 3 months the price of CIGI has falen by -20.32%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.25, CIGI is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.51, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
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.
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.
CIGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP9.07%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
TSX:CIGI (4/24/2025, 7:00:00 PM)
161.38
+0.77 (+0.48%)
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 Cap8.17B
Analysts80
Price Target146.82 (-9.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
Yearly Dividend0.42
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)-4.97%
PT rev (3m)-5.9%
EPS NQ rev (1m)-2.73%
EPS NQ rev (3m)-18.46%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-7.18%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.4 | ||
| Fwd PE | 17.67 | ||
| P/S | 1.22 | ||
| P/FCF | 22.59 | ||
| P/OCF | 18.08 | ||
| P/B | 4.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.39 |
EPS(TTM)7.91
EY4.9%
EPS(NY)9.13
Fwd EY5.66%
FCF(TTM)7.15
FCFY4.43%
OCF(TTM)8.93
OCFY5.53%
SpS132.04
BVpS36.28
TBVpS-59.06
PEG (NY)1.33
PEG (5Y)4.92
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 | 1.7 |
F-Score6
WACC6.86%
ROIC/WACC0.81
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 Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
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 Year63.8%
EBIT Next 3Y26.53%
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%