COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
NASDAQ:CIGI - Nasdaq - CA1946931070 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CIGI. CIGI was compared to 65 industry peers in the Real Estate Management & Development industry. While CIGI belongs to the best of the industry regarding profitability, there are concerns on its financial health. CIGI has a decent growth rate and is not valued too expensively.
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.
CIGI had positive earnings in 4 of the past 5 years.
In the past 5 years CIGI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CIGI (2.65%) is better than 81.54% of its industry peers.
CIGI has a Return On Equity of 12.21%. This is amongst the best in the industry. CIGI outperforms 96.92% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.58%, CIGI belongs to the top of the industry, outperforming 83.08% 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 5.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 12.21% | ||
| ROIC | 5.58% |
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
With a decent Profit Margin value of 3.35%, CIGI is doing good in the industry, outperforming 73.85% of the companies in the same industry.
In the last couple of years the Profit Margin of CIGI has remained more or less at the same level.
CIGI has a better Operating Margin (7.49%) than 78.46% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
CIGI has a better Gross Margin (39.86%) than 72.31% of its industry peers.
In the last couple of years the Gross Margin of CIGI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.49% | ||
| PM (TTM) | 3.35% | ||
| GM | 39.86% |
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.
The number of shares outstanding for CIGI has been increased compared to 1 year ago.
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
Based on the Altman-Z score of 1.72, we must say that CIGI is in the distress zone and has some risk of bankruptcy.
CIGI has a Altman-Z score of 1.72. This is in the better half of the industry: CIGI outperforms 63.08% of its industry peers.
CIGI has a debt to FCF ratio of 6.06. This is a slightly negative value and a sign of low solvency as CIGI would need 6.06 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 6.06, CIGI is doing good in the industry, outperforming 73.85% of the companies in the same industry.
A Debt/Equity ratio of 1.19 is on the high side and indicates that CIGI has dependencies on debt financing.
The Debt to Equity ratio of CIGI (1.19) is worse than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.81
WACC6.87%
2.3 Liquidity
A Current Ratio of 1.06 indicates that CIGI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.06, CIGI is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
CIGI has a Quick Ratio of 1.06. 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 (1.06) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.53% 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.
Looking at the last year, CIGI shows a quite strong growth in Revenue. The Revenue has grown by 11.23% in the last year.
Measured over the past years, CIGI shows a quite strong growth in Revenue. The Revenue has been growing by 9.62% on average per year.
EPS 1Y (TTM)6.53%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%13%
Revenue 1Y (TTM)11.23%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%21.57%
3.2 Future
The Earnings Per Share is expected to grow by 15.92% on average over the next years. This is quite good.
Based on estimates for the next years, CIGI will show a quite strong growth in Revenue. The Revenue will grow by 9.51% on average per year.
EPS Next Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
EPS Next 5YN/A
Revenue Next Year12.45%
Revenue Next 2Y9.73%
Revenue Next 3Y9.51%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.84, CIGI is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 80.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CIGI to the average of the S&P500 Index (27.85), we can say CIGI is valued slightly cheaper.
With a Price/Forward Earnings ratio of 18.06, CIGI is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CIGI indicates a rather cheap valuation: CIGI is cheaper than 83.08% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CIGI to the average of the S&P500 Index (20.77), we can say CIGI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.84 | ||
| Fwd PE | 18.06 |
4.2 Price Multiples
83.08% 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 the industry average as 78.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.09 | ||
| EV/EBITDA | 12.65 |
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 15.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.35
PEG (5Y)5.02
EPS Next 2Y15.16%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.27%, which is pretty low.
Compared to an average industry Dividend Yield of 3.70, CIGI pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.27, CIGI pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
5.2 History
The dividend of CIGI is nicely growing with an annual growth rate of 24.82%!
CIGI has paid a dividend for at least 10 years, which is 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 Years7
5.3 Sustainability
CIGI pays out 9.07% 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.
DP9.07%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
NASDAQ:CIGI (5/1/2025, 8:52:11 PM)
119.01
-0.36 (-0.3%)
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 Change0.23%
Ins Owners11.79%
Ins Owner Change0%
Market Cap6.02B
Analysts80
Price Target166.69 (40.06%)
Short Float %0.97%
Short Ratio3.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
Yearly Dividend0.3
Dividend Growth(5Y)24.82%
DP9.07%
Div Incr Years0
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.38%
Min EPS beat(2)-12.31%
Max EPS beat(2)-6.46%
EPS beat(4)0
Avg EPS beat(4)-10.06%
Min EPS beat(4)-19.81%
Max EPS beat(4)-1.65%
EPS beat(8)1
Avg EPS beat(8)-15.08%
EPS beat(12)3
Avg EPS beat(12)-9.69%
EPS beat(16)7
Avg EPS beat(16)3.77%
Revenue beat(2)1
Avg Revenue beat(2)0.88%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)2.92%
Revenue beat(4)2
Avg Revenue beat(4)0.36%
Min Revenue beat(4)-1.17%
Max Revenue beat(4)2.92%
Revenue beat(8)2
Avg Revenue beat(8)-1.43%
Revenue beat(12)5
Avg Revenue beat(12)0.05%
Revenue beat(16)9
Avg Revenue beat(16)4.96%
PT rev (1m)56.5%
PT rev (3m)53.54%
EPS NQ rev (1m)-2.73%
EPS NQ rev (3m)-18.46%
EPS NY rev (1m)-0.45%
EPS NY rev (3m)-7.18%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-0.26%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.84 | ||
| Fwd PE | 18.06 | ||
| P/S | 1.25 | ||
| P/FCF | 23.09 | ||
| P/OCF | 18.48 | ||
| P/B | 4.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.65 |
EPS(TTM)5.71
EY4.8%
EPS(NY)6.59
Fwd EY5.54%
FCF(TTM)5.15
FCFY4.33%
OCF(TTM)6.44
OCFY5.41%
SpS95.26
BVpS26.17
TBVpS-42.6
PEG (NY)1.35
PEG (5Y)5.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 12.21% | ||
| ROCE | 7.87% | ||
| ROIC | 5.58% | ||
| ROICexc | 5.8% | ||
| ROICexgc | 25.86% | ||
| OM | 7.49% | ||
| PM (TTM) | 3.35% | ||
| GM | 39.86% | ||
| FCFM | 5.41% |
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 Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 6.06 | ||
| Debt/EBITDA | 2.7 | ||
| Cap/Depr | 29.37% | ||
| Cap/Sales | 1.35% | ||
| Interest Coverage | 4.02 | ||
| Cash Conversion | 55.92% | ||
| Profit Quality | 161.34% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.72 |
F-Score6
WACC6.87%
ROIC/WACC0.81
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)6.53%
EPS 3Y-2.39%
EPS 5Y4.15%
EPS Q2Q%13%
EPS Next Y15.4%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
EPS Next 5YN/A
Revenue 1Y (TTM)11.23%
Revenue growth 3Y5.65%
Revenue growth 5Y9.62%
Sales Q2Q%21.57%
Revenue Next Year12.45%
Revenue Next 2Y9.73%
Revenue Next 3Y9.51%
Revenue Next 5YN/A
EBIT growth 1Y3.17%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year63.8%
EBIT Next 3Y26.53%
EBIT Next 5YN/A
FCF growth 1Y221.58%
FCF growth 3Y4.14%
FCF growth 5Y-0.43%
OCF growth 1Y96.79%
OCF growth 3Y4.1%
OCF growth 5Y0.96%