COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
NASDAQ:CIGI - Nasdaq - CA1946931070 - Common Stock - Currency: USD
Taking everything into account, CIGI scores 5 out of 10 in our fundamental rating. CIGI was compared to 65 industry peers in the Real Estate Management & Development industry. While CIGI has a great profitability rating, there are quite some concerns on its financial health. 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.
CIGI had a positive operating cash flow in the past year.
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 of 2.65%. This is amongst the best in the industry. CIGI outperforms 81.54% of its industry peers.
The Return On Equity of CIGI (12.21%) is better than 96.92% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.58%, CIGI belongs to the top of the industry, outperforming 83.08% 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 5.53%.
| 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
CIGI has a Profit Margin of 3.35%. This is in the better half of the industry: CIGI outperforms 73.85% of its industry peers.
In the last couple of years the Profit Margin of CIGI has remained more or less at the same level.
CIGI has a Operating Margin of 7.49%. This is in the better half of the industry: CIGI outperforms 78.46% of its industry peers.
In the last couple of years the Operating Margin of CIGI has declined.
CIGI's Gross Margin of 39.86% is fine compared to the rest of the industry. CIGI outperforms 72.31% of its industry peers.
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.
The number of shares outstanding for CIGI has been increased compared to 5 years ago.
CIGI has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.71, we must say that CIGI is in the distress zone and has some risk of bankruptcy.
CIGI has a better Altman-Z score (1.71) than 61.54% 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 73.85% 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.
CIGI has a worse Debt to Equity ratio (1.19) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Altman-Z | 1.71 |
ROIC/WACC0.81
WACC6.87%
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 on the low side compared to the rest of the industry. CIGI is outperformed by 63.08% of its industry peers.
A Quick Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
CIGI has a Quick ratio (1.06) which is comparable to the rest of the industry.
| 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%.
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 11.23% in the past year. This is quite good.
CIGI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.62% yearly.
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 9.51% yearly.
EPS Next Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
EPS Next 5YN/A
Revenue Next Year12.45%
Revenue Next 2Y9.73%
Revenue Next 3Y9.51%
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
The Price/Earnings ratio is 20.70, which indicates a rather expensive current valuation of CIGI.
Based on the Price/Earnings ratio, CIGI is valued a bit cheaper than 80.00% of the companies in the same industry.
CIGI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.98.
A Price/Forward Earnings ratio of 17.94 indicates a rather expensive valuation of CIGI.
Based on the Price/Forward Earnings ratio, CIGI is valued cheaply inside the industry as 81.54% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.38. CIGI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.7 | ||
| Fwd PE | 17.94 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIGI indicates a rather cheap valuation: CIGI is cheaper than 83.08% of the companies listed in the same industry.
80.00% of the companies in the same industry are more expensive than CIGI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.93 | ||
| EV/EBITDA | 12.53 |
4.3 Compensation for Growth
CIGI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CIGI may justify a higher PE ratio.
CIGI's earnings are expected to grow with 15.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.34
PEG (5Y)4.99
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.
CIGI's Dividend Yield is a higher than the industry average which is at 3.71.
With a Dividend Yield of 0.27, CIGI pays less dividend than the S&P500 average, which is at 2.46.
| 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.
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 Years7
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%
NASDAQ:CIGI (4/30/2025, 3:37:59 PM)
118.18
+0.22 (+0.19%)
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 Change0.23%
Ins Owners11.79%
Ins Owner Change0%
Market Cap5.98B
Analysts80
Price Target166.69 (41.05%)
Short Float %0.97%
Short Ratio3.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
Yearly Dividend0.3
Dividend Growth(5Y)24.82%
DP9.07%
Div Incr Years0
Div Non Decr Years7
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)56.5%
PT rev (3m)53.54%
EPS NQ rev (1m)-2.73%
EPS NQ rev (3m)-18.46%
EPS NY rev (1m)-0.45%
EPS NY rev (3m)-7.18%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-0.26%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.7 | ||
| Fwd PE | 17.94 | ||
| P/S | 1.24 | ||
| P/FCF | 22.93 | ||
| P/OCF | 18.35 | ||
| P/B | 4.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.53 |
EPS(TTM)5.71
EY4.83%
EPS(NY)6.59
Fwd EY5.58%
FCF(TTM)5.15
FCFY4.36%
OCF(TTM)6.44
OCFY5.45%
SpS95.26
BVpS26.17
TBVpS-42.6
PEG (NY)1.34
PEG (5Y)4.99
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 | 1.71 |
F-Score6
WACC6.87%
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 Year12.45%
Revenue Next 2Y9.73%
Revenue Next 3Y9.51%
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%