COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
USA - NASDAQ:CIGI - CA1946931070 - Common Stock
157 USD
+0.51 (+0.33%)
157 USD
0 (0%)
Overall CIGI gets a fundamental rating of 5 out of 10. We evaluated CIGI against 64 industry peers in the Real Estate Management & Development industry. CIGI has a medium profitability rating, but doesn't score so well on its financial health evaluation. CIGI has a correct valuation and a medium growth rate.
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.
In the past 5 years CIGI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CIGI (1.74%) is better than 70.31% of its industry peers.
CIGI has a better Return On Equity (8.09%) than 81.25% of its industry peers.
With a decent Return On Invested Capital value of 5.28%, CIGI is doing good in the industry, outperforming 76.56% 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 6.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.74% | ||
| ROE | 8.09% | ||
| ROIC | 5.28% |
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
The Profit Margin of CIGI (2.17%) is better than 62.50% 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's Operating Margin of 7.21% is fine compared to the rest of the industry. CIGI outperforms 71.88% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
The Gross Margin of CIGI (40.16%) is better than 68.75% of its industry peers.
CIGI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.21% | ||
| PM (TTM) | 2.17% | ||
| GM | 40.16% |
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.
Compared to 1 year ago, CIGI has more shares outstanding
Compared to 5 years ago, CIGI has more shares outstanding
Compared to 1 year ago, CIGI has an improved debt to assets ratio.
2.2 Solvency
CIGI has an Altman-Z score of 1.94. 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.
The Altman-Z score of CIGI (1.94) is comparable to the rest of the industry.
CIGI has a debt to FCF ratio of 8.52. This is a slightly negative value and a sign of low solvency as CIGI would need 8.52 years to pay back of all of its debts.
CIGI has a Debt to FCF ratio of 8.52. This is in the better half of the industry: CIGI outperforms 68.75% of its industry peers.
A Debt/Equity ratio of 1.31 is on the high side and indicates that CIGI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.31, CIGI is not doing good in the industry: 67.19% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 1.94 |
ROIC/WACC0.63
WACC8.36%
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.
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.
CIGI has a Quick ratio (1.17) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
CIGI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.98%, which is quite good.
The Earnings Per Share has been growing slightly by 4.15% on average over the past years.
Looking at the last year, CIGI shows a quite strong growth in Revenue. The Revenue has grown by 16.63% in the last year.
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)15.98%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%26.47%
Revenue 1Y (TTM)16.63%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%18.28%
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 14.29% yearly.
Based on estimates for the next years, CIGI will show a quite strong growth in Revenue. The Revenue will grow by 9.42% on average per year.
EPS Next Y19.36%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue Next Year15.65%
Revenue Next 2Y11.48%
Revenue Next 3Y9.42%
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
A Price/Earnings ratio of 25.45 indicates a quite expensive valuation of CIGI.
Based on the Price/Earnings ratio, CIGI is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
CIGI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.40, which indicates a rather expensive current valuation of CIGI.
Based on the Price/Forward Earnings ratio, CIGI is valued cheaply inside the industry as 84.38% of the companies are valued more expensively.
CIGI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.45 | ||
| Fwd PE | 20.4 |
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 78.13% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CIGI is valued a bit cheaper than the industry average as 70.31% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.03 | ||
| EV/EBITDA | 15.42 |
4.3 Compensation for Growth
The 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 14.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.31
PEG (5Y)6.13
EPS Next 2Y16.09%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.20%, which is pretty low.
Compared to an average industry Dividend Yield of 3.44, CIGI pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.20, CIGI pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
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 Years8
5.3 Sustainability
13.50% 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.
DP13.5%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
157
+0.51 (+0.33%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners80.92%
Inst Owner Change2.25%
Ins Owners11.75%
Ins Owner Change0%
Market Cap7.99B
Analysts78.57
Price Target131.18 (-16.45%)
Short Float %1.27%
Short Ratio3.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
Yearly Dividend0.3
Dividend Growth(5Y)24.82%
DP13.5%
Div Incr Years0
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.16%
Min EPS beat(2)-0.44%
Max EPS beat(2)12.75%
EPS beat(4)1
Avg EPS beat(4)-1.61%
Min EPS beat(4)-12.31%
Max EPS beat(4)12.75%
EPS beat(8)2
Avg EPS beat(8)-7.29%
EPS beat(12)2
Avg EPS beat(12)-10.45%
EPS beat(16)6
Avg EPS beat(16)-4.05%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-2.63%
Max Revenue beat(2)2.4%
Revenue beat(4)2
Avg Revenue beat(4)0.38%
Min Revenue beat(4)-2.63%
Max Revenue beat(4)2.92%
Revenue beat(8)3
Avg Revenue beat(8)-0.67%
Revenue beat(12)4
Avg Revenue beat(12)-1.51%
Revenue beat(16)8
Avg Revenue beat(16)2.71%
PT rev (1m)0.78%
PT rev (3m)11.36%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)-3.62%
EPS NY rev (1m)0%
EPS NY rev (3m)3.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.6%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.45 | ||
| Fwd PE | 20.4 | ||
| P/S | 1.55 | ||
| P/FCF | 37.03 | ||
| P/OCF | 28.27 | ||
| P/B | 5.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.42 |
EPS(TTM)6.17
EY3.93%
EPS(NY)7.7
Fwd EY4.9%
FCF(TTM)4.24
FCFY2.7%
OCF(TTM)5.55
OCFY3.54%
SpS101.6
BVpS27.22
TBVpS-43.01
PEG (NY)1.31
PEG (5Y)6.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.74% | ||
| ROE | 8.09% | ||
| ROCE | 7.47% | ||
| ROIC | 5.28% | ||
| ROICexc | 5.48% | ||
| ROICexgc | 20.19% | ||
| OM | 7.21% | ||
| PM (TTM) | 2.17% | ||
| GM | 40.16% | ||
| FCFM | 4.17% |
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 Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 27.12% | ||
| Cap/Sales | 1.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 45.63% | ||
| Profit Quality | 192.44% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.94 |
F-Score6
WACC8.36%
ROIC/WACC0.63
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)15.98%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%26.47%
EPS Next Y19.36%
EPS Next 2Y16.09%
EPS Next 3Y14.29%
EPS Next 5YN/A
Revenue 1Y (TTM)16.63%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%18.28%
Revenue Next Year15.65%
Revenue Next 2Y11.48%
Revenue Next 3Y9.42%
Revenue Next 5YN/A
EBIT growth 1Y4.36%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year68.49%
EBIT Next 3Y26.02%
EBIT Next 5YN/A
FCF growth 1Y9.82%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y0.28%
OCF growth 3Y4.1%
OCF growth 5Y0.96%