COLLIERS INTL GR-SUBORD VOT (CIGI.CA) Stock Fundamental Analysis
TSX:CIGI - Toronto Stock Exchange - CA1946931070 - Common Stock - Currency: CAD
Overall CIGI gets a fundamental rating of 5 out of 10. We evaluated CIGI against 30 industry peers in the Real Estate Management & Development industry. CIGI has an average financial health and profitability rating. CIGI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CIGI was profitable.
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
Looking at the Return On Assets, with a value of 2.37%, CIGI is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
CIGI has a better Return On Equity (10.80%) than 66.67% of its industry peers.
CIGI's Return On Invested Capital of 5.32% is fine compared to the rest of the industry. CIGI outperforms 76.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CIGI is below the industry average of 11.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 10.8% | ||
| ROIC | 5.32% |
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 2.92%. This is comparable to the rest of the industry: CIGI outperforms 53.33% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 7.20%, CIGI is doing worse than 66.67% of the companies in the same industry.
CIGI's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 39.89%, CIGI is in line with its industry, outperforming 46.67% 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 | 7.2% | ||
| PM (TTM) | 2.92% | ||
| GM | 39.89% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CIGI is destroying value.
Compared to 1 year ago, CIGI has more shares outstanding
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 1.83. 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.
Looking at the Altman-Z score, with a value of 1.83, CIGI is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
The Debt to FCF ratio of CIGI is 10.90, which is on the high side as it means it would take CIGI, 10.90 years of fcf income to pay off all of its debts.
CIGI's Debt to FCF ratio of 10.90 is fine compared to the rest of the industry. CIGI outperforms 73.33% of its industry peers.
A Debt/Equity ratio of 1.30 is on the high side and indicates that CIGI has dependencies on debt financing.
CIGI's Debt to Equity ratio of 1.30 is on the low side compared to the rest of the industry. CIGI is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 10.9 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.74
WACC7.16%
2.3 Liquidity
A Current Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
The Current ratio of CIGI (1.17) is comparable to the rest of the industry.
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 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 has grown by an nice 10.25% over the past year.
Measured over the past 5 years, CIGI shows a small growth in Earnings Per Share. The EPS has been growing by 4.15% on average per year.
CIGI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.50%.
The Revenue has been growing by 9.62% on average over the past years. This is quite good.
EPS 1Y (TTM)10.25%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%12.99%
Revenue 1Y (TTM)13.5%
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.
The Revenue is expected to grow by 9.12% on average over the next years. This is quite good.
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.
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 rather expensively with a Price/Earnings ratio of 21.83.
Based on the Price/Earnings ratio, CIGI is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CIGI to the average of the S&P500 Index (26.31), we can say CIGI is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 16.75, the valuation of CIGI can be described as correct.
CIGI's Price/Forward Earnings ratio is rather cheap when compared to the industry. CIGI is cheaper than 83.33% of the companies in the same industry.
CIGI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.83 | ||
| Fwd PE | 16.75 |
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 80.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CIGI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.02 | ||
| EV/EBITDA | 13.57 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CIGI's earnings are expected to grow with 15.92% in the coming years.
PEG (NY)1.42
PEG (5Y)5.26
EPS Next 2Y15.16%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.25%, which is pretty low.
CIGI's Dividend Yield is slightly below the industry average, which is at 3.30.
Compared to an average S&P500 Dividend Yield of 2.39, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
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 Years9
5.3 Sustainability
CIGI pays out 10.45% of its income as dividend. This is a sustainable payout ratio.
CIGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP10.45%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
TSX:CIGI (6/13/2025, 7:00:00 PM)
172.9
-3.47 (-1.97%)
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 Cap8.75B
Analysts80
Price Target161.63 (-6.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
Yearly Dividend0.41
Dividend Growth(5Y)24.82%
DP10.45%
Div Incr Years0
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.45%
Min EPS beat(2)-6.46%
Max EPS beat(2)-0.44%
EPS beat(4)0
Avg EPS beat(4)-5.21%
Min EPS beat(4)-12.31%
Max EPS beat(4)-0.44%
EPS beat(8)1
Avg EPS beat(8)-10.06%
EPS beat(12)2
Avg EPS beat(12)-10.78%
EPS beat(16)6
Avg EPS beat(16)-0.07%
Revenue beat(2)1
Avg Revenue beat(2)0.15%
Min Revenue beat(2)-2.63%
Max Revenue beat(2)2.92%
Revenue beat(4)2
Avg Revenue beat(4)-0.08%
Min Revenue beat(4)-2.63%
Max Revenue beat(4)2.92%
Revenue beat(8)2
Avg Revenue beat(8)-1.32%
Revenue beat(12)4
Avg Revenue beat(12)-0.98%
Revenue beat(16)8
Avg Revenue beat(16)4.12%
PT rev (1m)-29.89%
PT rev (3m)4.61%
EPS NQ rev (1m)-2.7%
EPS NQ rev (3m)-10.07%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)-1.35%
Revenue NQ rev (3m)-0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.83 | ||
| Fwd PE | 16.75 | ||
| P/S | 1.29 | ||
| P/FCF | 40.02 | ||
| P/OCF | 28.75 | ||
| P/B | 4.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.57 |
EPS(TTM)7.92
EY4.58%
EPS(NY)10.32
Fwd EY5.97%
FCF(TTM)4.32
FCFY2.5%
OCF(TTM)6.01
OCFY3.48%
SpS133.62
BVpS36.11
TBVpS-57.69
PEG (NY)1.42
PEG (5Y)5.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 10.8% | ||
| ROCE | 7.5% | ||
| ROIC | 5.32% | ||
| ROICexc | 5.53% | ||
| ROICexgc | 21.94% | ||
| OM | 7.2% | ||
| PM (TTM) | 2.92% | ||
| GM | 39.89% | ||
| FCFM | 3.23% |
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-Score4
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 10.9 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 26.81% | ||
| Cap/Sales | 1.27% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 37.74% | ||
| Profit Quality | 110.78% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.83 |
F-Score4
WACC7.16%
ROIC/WACC0.74
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)13.5%
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 1Y2.93%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year65.42%
EBIT Next 3Y24.76%
EBIT Next 5YN/A
FCF growth 1Y15.87%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y3.77%
OCF growth 3Y4.1%
OCF growth 5Y0.96%