COLLIERS INTL GR-SUBORD VOT (CIGI.CA) Stock Fundamental Analysis
TSX:CIGI - Toronto Stock Exchange - CA1946931070 - Common Stock - Currency: CAD
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. CIGI has only an average score on both its financial health and profitability. CIGI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CIGI had positive earnings in the past year.
CIGI had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of 2.37%, CIGI is doing good in the industry, outperforming 65.52% of the companies in the same industry.
With a decent Return On Equity value of 10.80%, CIGI is doing good in the industry, outperforming 68.97% of the companies in the same industry.
CIGI has a better Return On Invested Capital (5.32%) than 75.86% 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 7.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 10.8% | ||
| ROIC | 5.32% |
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 (2.92%) is comparable to the rest of the industry.
CIGI's Profit Margin has been stable in the last couple of years.
The Operating Margin of CIGI (7.20%) is worse than 68.97% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
The Gross Margin of CIGI (39.89%) 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 | 7.2% | ||
| PM (TTM) | 2.92% | ||
| GM | 39.89% |
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.
CIGI has more shares outstanding than it did 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
CIGI has an Altman-Z score of 1.85. This is not the best score and indicates that CIGI is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of CIGI (1.85) is better than 68.97% of its industry peers.
CIGI has a debt to FCF ratio of 10.90. This is a negative value and a sign of low solvency as CIGI would need 10.90 years to pay back of all of its debts.
CIGI has a Debt to FCF ratio of 10.90. This is in the better half of the industry: CIGI outperforms 68.97% of its industry peers.
A Debt/Equity ratio of 1.30 is on the high side and indicates that CIGI has dependencies on debt financing.
CIGI has a worse Debt to Equity ratio (1.30) than 65.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 10.9 | ||
| Altman-Z | 1.85 |
ROIC/WACC0.73
WACC7.27%
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.
CIGI's Current ratio of 1.17 is in line compared to the rest of the industry. CIGI outperforms 51.72% of its industry peers.
A Quick Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
The Quick ratio of CIGI (1.17) 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 10.25%, 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 13.50% 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)10.25%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%12.99%
Revenue 1Y (TTM)13.5%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%13.89%
3.2 Future
The Earnings Per Share is expected to grow by 15.92% 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 9.12% on average per year.
EPS Next Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
EPS Next 5YN/A
Revenue Next Year13.17%
Revenue Next 2Y9.88%
Revenue Next 3Y9.12%
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
Based on the Price/Earnings ratio of 22.88, the valuation of CIGI can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 65.52% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.45. CIGI is around the same levels.
A Price/Forward Earnings ratio of 17.54 indicates a rather expensive valuation of CIGI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIGI indicates a rather cheap valuation: CIGI is cheaper than 82.76% of the companies listed in the same industry.
CIGI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.88 | ||
| Fwd PE | 17.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CIGI is valued a bit cheaper than 79.31% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CIGI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.92 | ||
| EV/EBITDA | 13.87 |
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)1.49
PEG (5Y)5.52
EPS Next 2Y15.16%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
With a yearly dividend of 0.24%, CIGI is not a good candidate for dividend investing.
CIGI's Dividend Yield is slightly below the industry average, which is at 3.27.
Compared to an average S&P500 Dividend Yield of 2.42, 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 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 Years9
5.3 Sustainability
CIGI pays out 10.45% 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.
DP10.45%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
TSX:CIGI (7/3/2025, 7:00:00 PM)
180.54
+3.3 (+1.86%)
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 Cap9.14B
Analysts80
Price Target161.63 (-10.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
Yearly Dividend0.41
Dividend Growth(5Y)24.82%
DP10.45%
Div Incr Years0
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.45%
Min EPS beat(2)-6.46%
Max EPS beat(2)-0.44%
EPS beat(4)0
Avg EPS beat(4)-5.21%
Min EPS beat(4)-12.31%
Max EPS beat(4)-0.44%
EPS beat(8)1
Avg EPS beat(8)-10.06%
EPS beat(12)2
Avg EPS beat(12)-10.78%
EPS beat(16)6
Avg EPS beat(16)-0.07%
Revenue beat(2)1
Avg Revenue beat(2)0.15%
Min Revenue beat(2)-2.63%
Max Revenue beat(2)2.92%
Revenue beat(4)2
Avg Revenue beat(4)-0.08%
Min Revenue beat(4)-2.63%
Max Revenue beat(4)2.92%
Revenue beat(8)2
Avg Revenue beat(8)-1.32%
Revenue beat(12)4
Avg Revenue beat(12)-0.98%
Revenue beat(16)8
Avg Revenue beat(16)4.12%
PT rev (1m)-29.36%
PT rev (3m)10.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.88 | ||
| Fwd PE | 17.54 | ||
| P/S | 1.36 | ||
| P/FCF | 41.92 | ||
| P/OCF | 30.12 | ||
| P/B | 5.02 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.87 |
EPS(TTM)7.89
EY4.37%
EPS(NY)10.29
Fwd EY5.7%
FCF(TTM)4.31
FCFY2.39%
OCF(TTM)5.99
OCFY3.32%
SpS133.18
BVpS35.99
TBVpS-57.5
PEG (NY)1.49
PEG (5Y)5.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 10.8% | ||
| ROCE | 7.5% | ||
| ROIC | 5.32% | ||
| ROICexc | 5.53% | ||
| ROICexgc | 21.94% | ||
| OM | 7.2% | ||
| PM (TTM) | 2.92% | ||
| GM | 39.89% | ||
| FCFM | 3.23% |
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-Score4
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 10.9 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 26.81% | ||
| Cap/Sales | 1.27% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 37.74% | ||
| Profit Quality | 110.78% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.85 |
F-Score4
WACC7.27%
ROIC/WACC0.73
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)10.25%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%12.99%
EPS Next Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
EPS Next 5YN/A
Revenue 1Y (TTM)13.5%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%13.89%
Revenue Next Year13.17%
Revenue Next 2Y9.88%
Revenue Next 3Y9.12%
Revenue Next 5YN/A
EBIT growth 1Y2.93%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year65.42%
EBIT Next 3Y24.76%
EBIT Next 5YN/A
FCF growth 1Y15.87%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y3.77%
OCF growth 3Y4.1%
OCF growth 5Y0.96%