COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
USA - NASDAQ:CIGI - CA1946931070 - Common Stock
164.39 USD
-1.93 (-1.16%)
164.39 USD
0 (0%)
Overall CIGI gets a fundamental rating of 5 out of 10. We evaluated CIGI against 63 industry peers in the Real Estate Management & Development industry. There are concerns on the financial health of CIGI while its profitability can be described as average. CIGI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CIGI had positive earnings in the past year.
In the past year CIGI had a positive cash flow from operations.
Of the past 5 years CIGI 4 years were profitable.
In the past 5 years CIGI always reported a positive cash flow from operatings.
1.2 Ratios
CIGI has a better Return On Assets (1.74%) than 69.84% of its industry peers.
CIGI has a better Return On Equity (8.09%) than 80.95% of its industry peers.
With a decent Return On Invested Capital value of 5.28%, CIGI is doing good in the industry, outperforming 76.19% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CIGI is in line with the industry average of 6.57%.
| 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's Profit Margin of 2.17% is fine compared to the rest of the industry. CIGI outperforms 61.90% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
The Operating Margin of CIGI (7.21%) is better than 71.43% of its industry peers.
In the last couple of years the Operating Margin of CIGI has declined.
CIGI has a Gross Margin of 40.16%. This is in the better half of the industry: CIGI outperforms 69.84% of its industry peers.
CIGI's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIGI is destroying value.
CIGI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CIGI has been increased compared to 5 years ago.
The debt/assets ratio for CIGI has been reduced compared to a year ago.
2.2 Solvency
CIGI has an Altman-Z score of 2.00. 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.
CIGI's Altman-Z score of 2.00 is in line compared to the rest of the industry. CIGI outperforms 55.56% of its industry peers.
The Debt to FCF ratio of CIGI is 8.52, which is on the high side as it means it would take CIGI, 8.52 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.52, CIGI is in the better half of the industry, outperforming 68.25% 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.
CIGI has a worse Debt to Equity ratio (1.31) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 2 |
ROIC/WACC0.61
WACC8.62%
2.3 Liquidity
A Current Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.17, CIGI is not doing good in the industry: 60.32% of the companies in the same industry are doing better.
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.
The Quick ratio of CIGI (1.17) is worse than 60.32% of its industry peers.
| 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.
CIGI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.15% yearly.
The Revenue has grown by 16.63% in the past year. This is quite good.
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
CIGI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.29% yearly.
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.
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
A Price/Earnings ratio of 26.64 indicates a quite expensive valuation of CIGI.
CIGI's Price/Earnings ratio is a bit cheaper when compared to the industry. CIGI is cheaper than 79.37% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.41, CIGI is valued at the same level.
A Price/Forward Earnings ratio of 21.36 indicates a rather expensive valuation of CIGI.
Based on the Price/Forward Earnings ratio, CIGI is valued cheaper than 85.71% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.88. CIGI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.64 | ||
| Fwd PE | 21.36 |
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 77.78% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CIGI is valued a bit cheaper than 68.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.78 | ||
| EV/EBITDA | 16.18 |
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.
CIGI's earnings are expected to grow with 14.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.38
PEG (5Y)6.42
EPS Next 2Y16.09%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.19%, which is pretty low.
Compared to an average industry Dividend Yield of 3.37, CIGI pays a bit more dividend than its industry peers.
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
The dividend of CIGI is nicely growing with an annual growth rate of 24.82%!
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 Years8
5.3 Sustainability
13.50% 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.
DP13.5%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
164.39
-1.93 (-1.16%)
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 Change2.25%
Ins Owners11.79%
Ins Owner Change0%
Market Cap8.36B
Analysts78.57
Price Target131.18 (-20.2%)
Short Float %1.27%
Short Ratio3.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
Yearly Dividend0.3
Dividend Growth(5Y)24.82%
DP13.5%
Div Incr Years0
Div Non Decr Years8
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)-0.01%
PT rev (3m)11.51%
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 | 26.64 | ||
| Fwd PE | 21.36 | ||
| P/S | 1.62 | ||
| P/FCF | 38.78 | ||
| P/OCF | 29.61 | ||
| P/B | 6.04 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.18 |
EPS(TTM)6.17
EY3.75%
EPS(NY)7.7
Fwd EY4.68%
FCF(TTM)4.24
FCFY2.58%
OCF(TTM)5.55
OCFY3.38%
SpS101.6
BVpS27.22
TBVpS-43.01
PEG (NY)1.38
PEG (5Y)6.42
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 | 2 |
F-Score6
WACC8.62%
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%