COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
NASDAQ:CIGI - CA1946931070 - Common Stock
165.86 USD
+0.44 (+0.27%)
165.86 USD
0 (0%)
Taking everything into account, CIGI scores 5 out of 10 in our fundamental rating. CIGI was compared to 65 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 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.
In the past year CIGI had a positive cash flow from operations.
CIGI had positive earnings in 4 of the past 5 years.
CIGI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 1.74%, CIGI is doing good in the industry, outperforming 70.77% of the companies in the same industry.
CIGI's Return On Equity of 8.09% is amongst the best of the industry. CIGI outperforms 81.54% of its industry peers.
CIGI has a Return On Invested Capital of 5.28%. This is in the better half of the industry: CIGI outperforms 76.92% 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 6.48%.
| 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
CIGI has a better Profit Margin (2.17%) than 63.08% of its industry peers.
In the last couple of years the Profit Margin of CIGI has remained more or less at the same level.
With a decent Operating Margin value of 7.21%, CIGI is doing good in the industry, outperforming 70.77% of the companies in the same industry.
In the last couple of years the Operating Margin of CIGI has declined.
Looking at the Gross Margin, with a value of 40.16%, CIGI is in the better half of the industry, outperforming 70.77% of the companies in the same industry.
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
CIGI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CIGI has been increased compared to 1 year ago.
CIGI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CIGI has an improved debt to assets ratio.
2.2 Solvency
CIGI has an Altman-Z score of 1.99. 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 1.99, CIGI is in line with its industry, outperforming 60.00% 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.
With a decent Debt to FCF ratio value of 8.52, CIGI is doing good in the industry, outperforming 69.23% of the companies in the same industry.
A Debt/Equity ratio of 1.31 is on the high side and indicates that CIGI has dependencies on debt financing.
CIGI has a Debt to Equity ratio of 1.31. This is in the lower half of the industry: CIGI underperforms 66.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.62
WACC8.48%
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's Current ratio of 1.17 is in line compared to the rest of the industry. CIGI outperforms 41.54% of its industry peers.
A Quick Ratio of 1.17 indicates that CIGI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.17, CIGI perfoms like the industry average, outperforming 41.54% 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.
CIGI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.63%.
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)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 9.21% 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 3Y9.21%
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.
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
CIGI is valuated quite expensively with a Price/Earnings ratio of 26.88.
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.
Compared to an average S&P500 Price/Earnings ratio of 27.06, CIGI is valued at the same level.
The Price/Forward Earnings ratio is 21.55, which indicates a rather expensive current valuation of CIGI.
Based on the Price/Forward Earnings ratio, CIGI is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
CIGI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.88 | ||
| Fwd PE | 21.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CIGI is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
67.69% of the companies in the same industry are more expensive than CIGI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.08 | ||
| EV/EBITDA | 16.13 |
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)1.39
PEG (5Y)6.48
EPS Next 2Y16.09%
EPS Next 3Y14.29%
5. Dividend
5.1 Amount
With a yearly dividend of 0.19%, CIGI is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.45, CIGI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
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
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%
165.86
+0.44 (+0.27%)
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 Change2.25%
Ins Owners11.79%
Ins Owner Change0%
Market Cap8.43B
Analysts78.57
Price Target130.16 (-21.52%)
Short Float %1.34%
Short Ratio3.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
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)-0.79%
PT rev (3m)-21.58%
EPS NQ rev (1m)-1.18%
EPS NQ rev (3m)-3.69%
EPS NY rev (1m)3.44%
EPS NY rev (3m)3.44%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)6.6%
Revenue NY rev (1m)2.02%
Revenue NY rev (3m)2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.88 | ||
| Fwd PE | 21.55 | ||
| P/S | 1.63 | ||
| P/FCF | 39.08 | ||
| P/OCF | 29.84 | ||
| P/B | 6.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.13 |
EPS(TTM)6.17
EY3.72%
EPS(NY)7.7
Fwd EY4.64%
FCF(TTM)4.24
FCFY2.56%
OCF(TTM)5.56
OCFY3.35%
SpS101.7
BVpS27.25
TBVpS-43.05
PEG (NY)1.39
PEG (5Y)6.48
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 | 1.99 |
F-Score6
WACC8.48%
ROIC/WACC0.62
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 3Y9.21%
Revenue Next 5YN/A
EBIT growth 1Y4.36%
EBIT growth 3Y-3%
EBIT growth 5Y7.94%
EBIT Next Year65.42%
EBIT Next 3Y24.76%
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%