COLLIERS INTL GR-SUBORD VOT (CIGI.CA) Stock Fundamental Analysis
TSX:CIGI - Toronto Stock Exchange - CA1946931070 - Common Stock - Currency: CAD
We assign a fundamental rating of 5 out of 10 to CIGI. CIGI was compared to 32 industry peers in the Real Estate Management & Development industry. CIGI has an average financial health and profitability rating. 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.
Of the past 5 years CIGI 4 years were profitable.
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 2.65%, CIGI is doing good in the industry, outperforming 71.88% of the companies in the same industry.
The Return On Equity of CIGI (12.21%) is better than 81.25% of its industry peers.
The Return On Invested Capital of CIGI (5.58%) is better than 75.00% of its industry peers.
CIGI had an Average Return On Invested Capital over the past 3 years of 6.63%. This is below the industry average of 10.51%.
| 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 comparable to the rest of the industry: CIGI outperforms 56.25% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
CIGI has a worse Operating Margin (7.49%) than 68.75% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
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.
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
Based on the Altman-Z score of 1.72, we must say that CIGI is in the distress zone and has some risk of bankruptcy.
CIGI has a better Altman-Z score (1.72) than 68.75% 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.
CIGI has a better Debt to FCF ratio (6.06) than 81.25% 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.
The Debt to Equity ratio of CIGI (1.19) is worse than 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.8
WACC6.96%
2.3 Liquidity
A Current Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.06, CIGI perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
A Quick Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.06, CIGI is in line with its industry, outperforming 56.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.25% over the past year.
The Earnings Per Share has been growing slightly by 4.15% on average over the past years.
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)10.25%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%12.99%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%13.89%
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 15.92% yearly.
CIGI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.12% yearly.
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.
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
Based on the Price/Earnings ratio of 20.50, the valuation of CIGI can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as CIGI.
When comparing the Price/Earnings ratio of CIGI to the average of the S&P500 Index (26.03), we can say CIGI is valued slightly cheaper.
With a Price/Forward Earnings ratio of 15.73, CIGI is valued correctly.
CIGI's Price/Forward Earnings ratio is rather cheap when compared to the industry. CIGI is cheaper than 84.38% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CIGI to the average of the S&P500 Index (21.94), we can say CIGI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.5 | ||
| Fwd PE | 15.73 |
4.2 Price Multiples
81.25% of the companies in the same industry are more expensive than CIGI, based on the Enterprise Value to EBITDA ratio.
CIGI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.12 | ||
| EV/EBITDA | 12.63 |
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)4.94
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.
Compared to an average industry Dividend Yield of 3.49, CIGI is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, 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 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 (5/21/2025, 7:00:00 PM)
165.46
-9.42 (-5.39%)
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 Cap8.38B
Analysts80
Price Target228.82 (38.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
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)55.84%
PT rev (3m)48.02%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)-21.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.41%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)11.4%
Revenue NY rev (1m)0.59%
Revenue NY rev (3m)1.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.5 | ||
| Fwd PE | 15.73 | ||
| P/S | 1.25 | ||
| P/FCF | 23.12 | ||
| P/OCF | 18.5 | ||
| P/B | 4.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.63 |
EPS(TTM)8.07
EY4.88%
EPS(NY)10.52
Fwd EY6.36%
FCF(TTM)7.16
FCFY4.33%
OCF(TTM)8.94
OCFY5.41%
SpS132.28
BVpS36.34
TBVpS-59.16
PEG (NY)1.33
PEG (5Y)4.94
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 | 1.72 |
F-Score6
WACC6.96%
ROIC/WACC0.8
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)11.23%
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 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%