COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
NASDAQ:CIGI - Nasdaq - CA1946931070 - Common Stock
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. CIGI scores excellent on profitability, but there are concerns on its financial health. CIGI has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years CIGI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.47%, CIGI is in the better half of the industry, outperforming 78.69% of the companies in the same industry.
With an excellent Return On Equity value of 12.28%, CIGI belongs to the best of the industry, outperforming 91.80% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.98%, CIGI belongs to the top of the industry, outperforming 81.97% of the companies in the same industry.
CIGI had an Average Return On Invested Capital over the past 3 years of 8.05%. This is above the industry average of 4.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.47% | ||
| ROE | 12.28% | ||
| ROIC | 4.98% |
ROA(3y)-2.66%
ROA(5y)-0.59%
ROE(3y)-16.65%
ROE(5y)-4.29%
ROIC(3y)8.05%
ROIC(5y)7.52%
1.3 Margins
CIGI has a Profit Margin of 3.38%. This is in the better half of the industry: CIGI outperforms 75.41% of its industry peers.
In the last couple of years the Profit Margin of CIGI has declined.
CIGI's Operating Margin of 7.90% is fine compared to the rest of the industry. CIGI outperforms 77.05% of its industry peers.
CIGI's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 39.93%, CIGI is in the better half of the industry, outperforming 68.85% 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 | 7.9% | ||
| PM (TTM) | 3.38% | ||
| GM | 39.93% |
OM growth 3Y8.42%
OM growth 5Y0.44%
PM growth 3Y-4.97%
PM growth 5Y-15.25%
GM growth 3Y3.04%
GM growth 5Y2.37%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CIGI is still creating some 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
CIGI has an Altman-Z score of 1.77. This is a bad value and indicates that CIGI is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.77, CIGI is in line with its industry, outperforming 57.38% of the companies in the same industry.
The Debt to FCF ratio of CIGI is 9.76, which is on the high side as it means it would take CIGI, 9.76 years of fcf income to pay off all of its debts.
CIGI's Debt to FCF ratio of 9.76 is fine compared to the rest of the industry. CIGI outperforms 77.05% of its industry peers.
A Debt/Equity ratio of 1.53 is on the high side and indicates that CIGI has dependencies on debt financing.
The Debt to Equity ratio of CIGI (1.53) is worse than 73.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 9.76 | ||
| Altman-Z | 1.77 |
ROIC/WACC0.71
WACC7.05%
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.
Looking at the Current ratio, with a value of 1.17, CIGI is doing worse than 63.93% of the companies in the same industry.
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
The earnings per share for CIGI have decreased by -3.88% in the last year.
Measured over the past 5 years, CIGI shows a small growth in Earnings Per Share. The EPS has been growing by 5.56% on average per year.
Looking at the last year, CIGI shows a small growth in Revenue. The Revenue has grown by 5.40% in the last year.
Measured over the past years, CIGI shows a quite strong growth in Revenue. The Revenue has been growing by 8.94% on average per year.
EPS 1Y (TTM)-3.88%
EPS 3Y9.25%
EPS 5Y5.56%
EPS Q2Q%10.92%
Revenue 1Y (TTM)5.4%
Revenue growth 3Y15.87%
Revenue growth 5Y8.94%
Sales Q2Q%11.65%
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 14.33% yearly.
CIGI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.05% yearly.
EPS Next Y10.68%
EPS Next 2Y15.09%
EPS Next 3Y14.33%
EPS Next 5YN/A
Revenue Next Year9.95%
Revenue Next 2Y10.87%
Revenue Next 3Y9.05%
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
CIGI is valuated quite expensively with a Price/Earnings ratio of 25.75.
CIGI's Price/Earnings ratio is a bit cheaper when compared to the industry. CIGI is cheaper than 75.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. CIGI is around the same levels.
The Price/Forward Earnings ratio is 19.77, which indicates a rather expensive current valuation of CIGI.
80.33% of the companies in the same industry are more expensive than CIGI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CIGI to the average of the S&P500 Index (24.44), we can say CIGI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.75 | ||
| Fwd PE | 19.77 |
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 78.69% of the companies listed in the same industry.
CIGI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CIGI is cheaper than 75.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.79 | ||
| EV/EBITDA | 15.4 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CIGI does not grow enough to justify the current Price/Earnings ratio.
CIGI has a very decent profitability rating, which may justify a higher PE ratio.
CIGI's earnings are expected to grow with 14.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.41
PEG (5Y)4.63
EPS Next 2Y15.09%
EPS Next 3Y14.33%
5. Dividend
5.1 Amount
With a yearly dividend of 0.22%, CIGI is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.56, CIGI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
5.2 History
On average, the dividend of CIGI grows each year by 24.50%, 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)24.5%
Div Incr Years0
Div Non Decr Years7
5.3 Sustainability
9.53% 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.
DP9.53%
EPS Next 2Y15.09%
EPS Next 3Y14.33%
COLLIERS INTL GR-SUBORD VOT
NASDAQ:CIGI (1/21/2025, 8:00:00 PM)
Premarket: 139.55 -0.81 (-0.58%)140.36
+2.45 (+1.78%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners78.57%
Inst Owner Change0.09%
Ins Owners11.82%
Ins Owner Change0%
Market Cap7.09B
Analysts80
Price Target108.57 (-22.65%)
Short Float %0.82%
Short Ratio3.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
Yearly Dividend0.3
Dividend Growth(5Y)24.5%
DP9.53%
Div Incr Years0
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.98%
Min EPS beat(2)-12.31%
Max EPS beat(2)-1.65%
EPS beat(4)1
Avg EPS beat(4)-8.23%
Min EPS beat(4)-19.81%
Max EPS beat(4)0.85%
EPS beat(8)1
Avg EPS beat(8)-14.44%
EPS beat(12)4
Avg EPS beat(12)-7.38%
EPS beat(16)8
Avg EPS beat(16)5.64%
Revenue beat(2)1
Avg Revenue beat(2)-0.3%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)0.56%
Revenue beat(4)1
Avg Revenue beat(4)-0.63%
Min Revenue beat(4)-1.17%
Max Revenue beat(4)0.56%
Revenue beat(8)1
Avg Revenue beat(8)-2.85%
Revenue beat(12)5
Avg Revenue beat(12)1.42%
Revenue beat(16)9
Avg Revenue beat(16)5.25%
PT rev (1m)-0.57%
PT rev (3m)1.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.11%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.75 | ||
| Fwd PE | 19.77 | ||
| P/S | 1.56 | ||
| P/FCF | 35.79 | ||
| P/OCF | 26.48 | ||
| P/B | 5.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.4 |
EPS(TTM)5.45
EY3.88%
EPS(NY)7.1
Fwd EY5.06%
FCF(TTM)3.92
FCFY2.79%
OCF(TTM)5.3
OCFY3.78%
SpS90.16
BVpS24.83
TBVpS-45.26
PEG (NY)2.41
PEG (5Y)4.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.47% | ||
| ROE | 12.28% | ||
| ROCE | 7.56% | ||
| ROIC | 4.98% | ||
| ROICexc | 5.14% | ||
| ROICexgc | 20.44% | ||
| OM | 7.9% | ||
| PM (TTM) | 3.38% | ||
| GM | 39.93% | ||
| FCFM | 4.35% |
ROA(3y)-2.66%
ROA(5y)-0.59%
ROE(3y)-16.65%
ROE(5y)-4.29%
ROIC(3y)8.05%
ROIC(5y)7.52%
ROICexc(3y)9.01%
ROICexc(5y)8.29%
ROICexgc(3y)52.59%
ROICexgc(5y)44.12%
ROCE(3y)12.41%
ROCE(5y)11.57%
ROICexcg growth 3Y5.81%
ROICexcg growth 5Y-41.97%
ROICexc growth 3Y3.33%
ROICexc growth 5Y-11.04%
OM growth 3Y8.42%
OM growth 5Y0.44%
PM growth 3Y-4.97%
PM growth 5Y-15.25%
GM growth 3Y3.04%
GM growth 5Y2.37%
F-Score7
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 9.76 | ||
| Debt/EBITDA | 3.38 | ||
| Cap/Depr | 33.55% | ||
| Cap/Sales | 1.53% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 47.2% | ||
| Profit Quality | 128.66% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.77 |
F-Score7
WACC7.05%
ROIC/WACC0.71
Cap/Depr(3y)39.94%
Cap/Depr(5y)39.72%
Cap/Sales(3y)1.63%
Cap/Sales(5y)1.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.88%
EPS 3Y9.25%
EPS 5Y5.56%
EPS Q2Q%10.92%
EPS Next Y10.68%
EPS Next 2Y15.09%
EPS Next 3Y14.33%
EPS Next 5YN/A
Revenue 1Y (TTM)5.4%
Revenue growth 3Y15.87%
Revenue growth 5Y8.94%
Sales Q2Q%11.65%
Revenue Next Year9.95%
Revenue Next 2Y10.87%
Revenue Next 3Y9.05%
Revenue Next 5YN/A
EBIT growth 1Y1.72%
EBIT growth 3Y25.62%
EBIT growth 5Y9.41%
EBIT Next Year103.15%
EBIT Next 3Y37.53%
EBIT Next 5YN/A
FCF growth 1Y233.12%
FCF growth 3Y-13.67%
FCF growth 5Y-18.23%
OCF growth 1Y386.23%
OCF growth 3Y-0.17%
OCF growth 5Y-8.44%