COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
NASDAQ:CIGI - Nasdaq - CA1946931070 - Common Stock - Currency: USD
Overall CIGI gets a fundamental rating of 5 out of 10. We evaluated CIGI against 65 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.
In the past year CIGI had a positive cash flow from operations.
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
CIGI's Return On Assets of 2.37% is fine compared to the rest of the industry. CIGI outperforms 75.38% of its industry peers.
With an excellent Return On Equity value of 10.80%, CIGI belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
CIGI has a better Return On Invested Capital (5.32%) than 78.46% of its industry peers.
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 5.47%.
| 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 better Profit Margin (2.92%) than 75.38% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
CIGI has a Operating Margin of 7.20%. This is in the better half of the industry: CIGI outperforms 73.85% of its industry peers.
In the last couple of years the Operating Margin of CIGI has declined.
CIGI has a better Gross Margin (39.89%) than 69.23% of its industry peers.
CIGI's Gross Margin has improved in the last couple of years.
| 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
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.
CIGI has a better debt/assets ratio than last year.
2.2 Solvency
CIGI has an Altman-Z score of 1.84. 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 1.84, CIGI perfoms like the industry average, outperforming 60.00% 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 70.77% 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.
With a Debt to Equity ratio value of 1.30, CIGI is not doing good in the industry: 70.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 10.9 | ||
| Altman-Z | 1.84 |
ROIC/WACC0.75
WACC7.1%
2.3 Liquidity
A Current Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.17, CIGI perfoms like the industry average, outperforming 43.08% of the companies in the same industry.
A Quick Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
CIGI's Quick ratio of 1.17 is in line compared to the rest of the industry. CIGI outperforms 46.15% of its industry peers.
| 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.
CIGI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.15% yearly.
Looking at the last year, CIGI shows a quite strong growth in Revenue. The Revenue has grown by 13.50% 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)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
The Price/Earnings ratio is 22.47, which indicates a rather expensive current valuation of CIGI.
Compared to the rest of the industry, the Price/Earnings ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 78.46% of the companies listed in the same industry.
CIGI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
CIGI is valuated rather expensively with a Price/Forward Earnings ratio of 17.24.
Based on the Price/Forward Earnings ratio, CIGI is valued cheaper than 87.69% of the companies in the same industry.
CIGI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.47 | ||
| Fwd PE | 17.24 |
4.2 Price Multiples
80.00% of the companies in the same industry are more expensive than CIGI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CIGI is valued a bit cheaper than 67.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.19 | ||
| EV/EBITDA | 13.69 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CIGI's earnings are expected to grow with 15.92% in the coming years.
PEG (NY)1.46
PEG (5Y)5.42
EPS Next 2Y15.16%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.24%, which is pretty low.
Compared to an average industry Dividend Yield of 3.67, CIGI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
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.
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
10.45% 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.
DP10.45%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
130.54
-0.26 (-0.2%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners77.19%
Inst Owner Change3.17%
Ins Owners11.79%
Ins Owner Change0%
Market Cap6.61B
Analysts80
Price Target117.8 (-9.76%)
Short Float %1.09%
Short Ratio3.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
Yearly Dividend0.3
Dividend Growth(5Y)24.82%
DP10.45%
Div Incr Years0
Div Non Decr Years8
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)-29.02%
PT rev (3m)10.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.47 | ||
| Fwd PE | 17.24 | ||
| P/S | 1.33 | ||
| P/FCF | 41.19 | ||
| P/OCF | 29.59 | ||
| P/B | 4.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.69 |
EPS(TTM)5.81
EY4.45%
EPS(NY)7.57
Fwd EY5.8%
FCF(TTM)3.17
FCFY2.43%
OCF(TTM)4.41
OCFY3.38%
SpS98.01
BVpS26.49
TBVpS-42.31
PEG (NY)1.46
PEG (5Y)5.42
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 | 1.84 |
F-Score4
WACC7.1%
ROIC/WACC0.75
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%