COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
USA - NASDAQ:CIGI - CA1946931070 - Common Stock
152.58 USD
-0.55 (-0.36%)
152.58 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CIGI. CIGI was compared to 63 industry peers in the Real Estate Management & Development industry. There are concerns on the financial health of CIGI while its profitability can be described as average. CIGI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CIGI was profitable.
CIGI had a positive operating cash flow in the past year.
CIGI had positive earnings in 4 of the past 5 years.
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 1.74%, CIGI is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
With a decent Return On Equity value of 8.09%, CIGI is doing good in the industry, outperforming 79.37% of the companies in the same industry.
CIGI's Return On Invested Capital of 5.28% is fine compared to the rest of the industry. CIGI outperforms 77.78% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CIGI is in line with the industry average of 6.23%.
| 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 60.32% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 7.21%, CIGI is doing good in the industry, outperforming 74.60% of the companies in the same industry.
CIGI's Operating Margin has declined in the last couple of years.
CIGI has a better Gross Margin (40.16%) than 68.25% of its industry peers.
In the last couple of years the Gross Margin of CIGI has grown nicely.
| 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
The debt/assets ratio for CIGI has been reduced compared to a year ago.
2.2 Solvency
CIGI has an Altman-Z score of 1.91. 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.
With a Altman-Z score value of 1.91, CIGI perfoms like the industry average, outperforming 57.14% of the companies in the same 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.
Looking at the Debt to FCF ratio, with a value of 8.52, CIGI is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
CIGI has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CIGI (1.31) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 1.91 |
ROIC/WACC0.66
WACC7.95%
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.
CIGI has a worse Current ratio (1.17) than 63.49% of its industry peers.
A Quick Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.17, CIGI is doing worse than 61.90% of the companies in the same industry.
| 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.
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.
The Revenue has grown by 16.63% in the past year. This is quite good.
The Revenue has been growing by 9.62% on average over the past years. This is quite good.
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
Based on estimates for the next years, CIGI will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.29% on average per year.
The Revenue is expected to grow by 9.42% on average over the next years. This is quite good.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 24.73, CIGI is valued on the expensive side.
Based on the Price/Earnings ratio, CIGI is valued a bit cheaper than 76.19% of the companies in the same industry.
CIGI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.83, the valuation of CIGI can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIGI indicates a rather cheap valuation: CIGI is cheaper than 84.13% of the companies listed in the same industry.
CIGI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.73 | ||
| Fwd PE | 19.83 |
4.2 Price Multiples
CIGI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CIGI is cheaper than 79.37% of the companies in the same industry.
CIGI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CIGI is cheaper than 69.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.99 | ||
| EV/EBITDA | 15.05 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CIGI has a very decent profitability rating, which 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)1.28
PEG (5Y)5.96
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 3.64, 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
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 Years8
5.3 Sustainability
CIGI pays out 13.50% of its income as dividend. This is a 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%
152.58
-0.55 (-0.36%)
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 Change-0.04%
Ins Owners11.75%
Ins Owner Change0%
Market Cap7.76B
Analysts78.57
Price Target130.39 (-14.54%)
Short Float %1.21%
Short Ratio3.6
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)0.18%
PT rev (3m)10.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.04%
EPS NY rev (1m)0%
EPS NY rev (3m)3.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.73 | ||
| Fwd PE | 19.83 | ||
| P/S | 1.5 | ||
| P/FCF | 35.99 | ||
| P/OCF | 27.48 | ||
| P/B | 5.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.05 |
EPS(TTM)6.17
EY4.04%
EPS(NY)7.7
Fwd EY5.04%
FCF(TTM)4.24
FCFY2.78%
OCF(TTM)5.55
OCFY3.64%
SpS101.6
BVpS27.22
TBVpS-43.01
PEG (NY)1.28
PEG (5Y)5.96
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 | 1.91 |
F-Score6
WACC7.95%
ROIC/WACC0.66
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%