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COLLIERS INTL GR-SUBORD VOT (CIGI.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:CIGI - CA1946931070 - Common Stock

199.41 CAD
-2.33 (-1.15%)
Last: 1/2/2026, 7:00:00 PM
Fundamental Rating

4

Overall CIGI gets a fundamental rating of 4 out of 10. We evaluated CIGI against 31 industry peers in the Real Estate Management & Development industry. CIGI has only an average score on both its financial health and profitability. CIGI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year CIGI was profitable.
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.
CIGI.CA Yearly Net Income VS EBIT VS OCF VS FCFCIGI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

With a Return On Assets value of 1.72%, CIGI perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
The Return On Equity of CIGI (8.12%) is better than 70.97% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.24%, CIGI is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CIGI is below the industry average of 10.64%.
Industry RankSector Rank
ROA 1.72%
ROE 8.12%
ROIC 5.24%
ROA(3y)1.58%
ROA(5y)-0.77%
ROE(3y)9.79%
ROE(5y)-5.86%
ROIC(3y)6.63%
ROIC(5y)7.32%
CIGI.CA Yearly ROA, ROE, ROICCIGI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60

1.3 Margins

CIGI has a Profit Margin of 2.15%. This is comparable to the rest of the industry: CIGI outperforms 48.39% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 7.11%, CIGI is not doing good in the industry: 67.74% of the companies in the same industry are doing better.
CIGI's Operating Margin has declined in the last couple of years.
CIGI has a Gross Margin (40.05%) which is in line with its industry peers.
CIGI's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 7.11%
PM (TTM) 2.15%
GM 40.05%
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%
CIGI.CA Yearly Profit, Operating, Gross MarginsCIGI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

4

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.
Compared to 1 year ago, CIGI has an improved debt to assets ratio.
CIGI.CA Yearly Shares OutstandingCIGI.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
CIGI.CA Yearly Total Debt VS Total AssetsCIGI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

An Altman-Z score of 1.84 indicates that CIGI is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.84, CIGI is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
The Debt to FCF ratio of CIGI is 9.12, which is on the high side as it means it would take CIGI, 9.12 years of fcf income to pay off all of its debts.
CIGI's Debt to FCF ratio of 9.12 is amongst the best of the industry. CIGI outperforms 83.87% of its industry peers.
CIGI has a Debt/Equity ratio of 1.39. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CIGI (1.39) is worse than 70.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.39
Debt/FCF 9.12
Altman-Z 1.84
ROIC/WACC0.72
WACC7.29%
CIGI.CA Yearly LT Debt VS Equity VS FCFCIGI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

CIGI has a Current Ratio of 1.14. This is a normal value and indicates that CIGI is financially healthy and should not expect problems in meeting its short term obligations.
CIGI has a Current ratio of 1.14. This is comparable to the rest of the industry: CIGI outperforms 51.61% of its industry peers.
A Quick Ratio of 1.14 indicates that CIGI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.14, CIGI perfoms like the industry average, outperforming 51.61% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 1.14
CIGI.CA Yearly Current Assets VS Current LiabilitesCIGI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

6

3. Growth

3.1 Past

CIGI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.08%, 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.
CIGI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.71%.
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)19.08%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%24.24%
Revenue 1Y (TTM)19.71%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%24.09%

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 14.54% yearly.
The Revenue is expected to grow by 10.20% on average over the next years. This is quite good.
EPS Next Y19.29%
EPS Next 2Y16.12%
EPS Next 3Y14.54%
EPS Next 5YN/A
Revenue Next Year17.13%
Revenue Next 2Y12.14%
Revenue Next 3Y10.2%
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.
CIGI.CA Yearly Revenue VS EstimatesCIGI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
CIGI.CA Yearly EPS VS EstimatesCIGI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 22.43, CIGI is valued on the expensive side.
CIGI's Price/Earnings ratio is in line with the industry average.
CIGI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.60.
Based on the Price/Forward Earnings ratio of 18.91, the valuation of CIGI can be described as rather expensive.
83.87% of the companies in the same industry are more expensive than CIGI, based on the Price/Forward Earnings ratio.
CIGI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.23.
Industry RankSector Rank
PE 22.43
Fwd PE 18.91
CIGI.CA Price Earnings VS Forward Price EarningsCIGI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CIGI is valued a bit cheaper than 77.42% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CIGI.
Industry RankSector Rank
P/FCF 33.52
EV/EBITDA 14.21
CIGI.CA Per share dataCIGI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100

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's earnings are expected to grow with 14.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.16
PEG (5Y)5.41
EPS Next 2Y16.12%
EPS Next 3Y14.54%

4

5. Dividend

5.1 Amount

With a yearly dividend of 0.21%, CIGI is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.44, CIGI is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.00, CIGI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.21%

5.2 History

On average, the dividend of CIGI grows each year by 24.82%, which is quite nice.
CIGI has paid a dividend for at least 10 years, which is 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 Years9
CIGI.CA Yearly Dividends per shareCIGI.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

12.99% 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.
DP12.99%
EPS Next 2Y16.12%
EPS Next 3Y14.54%
CIGI.CA Yearly Income VS Free CF VS DividendCIGI.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M
CIGI.CA Dividend Payout.CIGI.CA Dividend Payout, showing the Payout Ratio.CIGI.CA Dividend Payout.PayoutRetained Earnings

COLLIERS INTL GR-SUBORD VOT

TSX:CIGI (1/2/2026, 7:00:00 PM)

199.41

-2.33 (-1.15%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-04 2025-11-04/bmo
Earnings (Next)02-04 2026-02-04/amc
Inst Owners81.69%
Inst Owner ChangeN/A
Ins Owners11.66%
Ins Owner ChangeN/A
Market Cap10.16B
Revenue(TTM)5.45B
Net Income(TTM)117.10M
Analysts78.57
Price Target184.36 (-7.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.21%
Yearly Dividend0.41
Dividend Growth(5Y)24.82%
DP12.99%
Div Incr Years0
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.19%
Min EPS beat(2)1.62%
Max EPS beat(2)12.75%
EPS beat(4)2
Avg EPS beat(4)1.87%
Min EPS beat(4)-6.46%
Max EPS beat(4)12.75%
EPS beat(8)3
Avg EPS beat(8)-3.18%
EPS beat(12)3
Avg EPS beat(12)-9.01%
EPS beat(16)6
Avg EPS beat(16)-5.07%
Revenue beat(2)2
Avg Revenue beat(2)3.91%
Min Revenue beat(2)2.4%
Max Revenue beat(2)5.41%
Revenue beat(4)3
Avg Revenue beat(4)2.03%
Min Revenue beat(4)-2.63%
Max Revenue beat(4)5.41%
Revenue beat(8)4
Avg Revenue beat(8)0.7%
Revenue beat(12)4
Avg Revenue beat(12)-1.22%
Revenue beat(16)8
Avg Revenue beat(16)1.57%
PT rev (1m)0%
PT rev (3m)1.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.11%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-0.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.19%
Revenue NY rev (1m)1.27%
Revenue NY rev (3m)1.29%
Valuation
Industry RankSector Rank
PE 22.43
Fwd PE 18.91
P/S 1.36
P/FCF 33.52
P/OCF 25.69
P/B 5.14
P/tB N/A
EV/EBITDA 14.21
EPS(TTM)8.89
EY4.46%
EPS(NY)10.54
Fwd EY5.29%
FCF(TTM)5.95
FCFY2.98%
OCF(TTM)7.76
OCFY3.89%
SpS146.58
BVpS38.78
TBVpS-65.26
PEG (NY)1.16
PEG (5Y)5.41
Graham Number88.07
Profitability
Industry RankSector Rank
ROA 1.72%
ROE 8.12%
ROCE 7.52%
ROIC 5.24%
ROICexc 5.45%
ROICexgc 22.25%
OM 7.11%
PM (TTM) 2.15%
GM 40.05%
FCFM 4.06%
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%
ROICexgc growth 3Y-25.89%
ROICexgc 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 RankSector Rank
Debt/Equity 1.39
Debt/FCF 9.12
Debt/EBITDA 3.13
Cap/Depr 26.48%
Cap/Sales 1.24%
Interest Coverage 250
Cash Conversion 44.93%
Profit Quality 189%
Current Ratio 1.14
Quick Ratio 1.14
Altman-Z 1.84
F-Score6
WACC7.29%
ROIC/WACC0.72
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)19.08%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%24.24%
EPS Next Y19.29%
EPS Next 2Y16.12%
EPS Next 3Y14.54%
EPS Next 5YN/A
Revenue 1Y (TTM)19.71%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%24.09%
Revenue Next Year17.13%
Revenue Next 2Y12.14%
Revenue Next 3Y10.2%
Revenue Next 5YN/A
EBIT growth 1Y7.82%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year69.01%
EBIT Next 3Y26.53%
EBIT Next 5YN/A
FCF growth 1Y37.66%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y16.88%
OCF growth 3Y4.1%
OCF growth 5Y0.96%

COLLIERS INTL GR-SUBORD VOT / CIGI.CA FAQ

What is the fundamental rating for CIGI stock?

ChartMill assigns a fundamental rating of 4 / 10 to CIGI.CA.


What is the valuation status for CIGI stock?

ChartMill assigns a valuation rating of 4 / 10 to COLLIERS INTL GR-SUBORD VOT (CIGI.CA). This can be considered as Fairly Valued.


How profitable is COLLIERS INTL GR-SUBORD VOT (CIGI.CA) stock?

COLLIERS INTL GR-SUBORD VOT (CIGI.CA) has a profitability rating of 4 / 10.


Can you provide the expected EPS growth for CIGI stock?

The Earnings per Share (EPS) of COLLIERS INTL GR-SUBORD VOT (CIGI.CA) is expected to grow by 19.29% in the next year.


Can you provide the dividend sustainability for CIGI stock?

The dividend rating of COLLIERS INTL GR-SUBORD VOT (CIGI.CA) is 4 / 10 and the dividend payout ratio is 12.99%.