COLLIERS INTL GR-SUBORD VOT (CIGI)
CA1946931070 - Common Stock
Taking everything into account, CIGI scores 5 out of 10 in our fundamental rating. CIGI was compared to 67 industry peers in the Real Estate Management & Development industry. CIGI has an excellent profitability rating, but there are concerns on its financial health. CIGI has a correct valuation and a medium growth rate.
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.
CIGI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CIGI's Return On Assets of 1.20% is fine compared to the rest of the industry. CIGI outperforms 72.73% of its industry peers.
CIGI has a better Return On Equity (7.73%) than 81.82% of its industry peers.
CIGI has a better Return On Invested Capital (5.62%) than 90.91% of its industry peers.
CIGI had an Average Return On Invested Capital over the past 3 years of 8.05%. This is above the industry average of 5.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.2% | ||
| ROE | 7.73% | ||
| ROIC | 5.62% |
ROA(3y)-2.66%
ROA(5y)-0.59%
ROE(3y)-16.65%
ROE(5y)-4.29%
ROIC(3y)8.05%
ROIC(5y)7.52%
1.3 Margins
CIGI has a better Profit Margin (1.51%) than 65.15% of its industry peers.
In the last couple of years the Profit Margin of CIGI has declined.
CIGI has a better Operating Margin (8.08%) than 74.24% of its industry peers.
CIGI's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 40.10%, CIGI is doing good in the industry, outperforming 78.79% of the companies in the same industry.
CIGI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.08% | ||
| PM (TTM) | 1.51% | ||
| GM | 40.1% |
OM growth 3Y8.42%
OM growth 5Y0.44%
PM growth 3Y-4.97%
PM growth 5Y-15.25%
GM growth 3Y3.04%
GM growth 5Y2.37%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CIGI is still creating some 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.
Compared to 1 year ago, CIGI has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.58, we must say that CIGI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.58, CIGI is in line with its industry, outperforming 51.52% of the companies in the same industry.
CIGI has a debt to FCF ratio of 20.60. This is a negative value and a sign of low solvency as CIGI would need 20.60 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 20.60, CIGI is doing good in the industry, outperforming 62.12% of the companies in the same industry.
A Debt/Equity ratio of 1.97 is on the high side and indicates that CIGI has dependencies on debt financing.
CIGI's Debt to Equity ratio of 1.97 is on the low side compared to the rest of the industry. CIGI is outperformed by 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | 20.6 | ||
| Altman-Z | 1.58 |
ROIC/WACC0.76
WACC7.45%
2.3 Liquidity
CIGI has a Current Ratio of 1.02. 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 Current ratio of 1.02. This is in the lower half of the industry: CIGI underperforms 68.18% of its industry peers.
CIGI has a Quick Ratio of 1.02. This is a normal value and indicates that CIGI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.02, CIGI is doing worse than 62.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
The earnings per share for CIGI have decreased strongly by -23.43% in the last year.
The Earnings Per Share has been growing slightly by 5.56% on average over the past years.
The Revenue has decreased by -2.79% in the past year.
CIGI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.94% yearly.
EPS 1Y (TTM)-23.43%
EPS 3Y9.25%
EPS 5Y5.56%
EPS growth Q2Q-13.42%
Revenue 1Y (TTM)-2.79%
Revenue growth 3Y15.87%
Revenue growth 5Y8.94%
Revenue growth Q2Q1.04%
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 16.53% on average per year.
The Revenue is expected to grow by 7.19% on average over the next years.
EPS Next Y16.13%
EPS Next 2Y16.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.61%
Revenue Next 2Y7.19%
Revenue Next 3YN/A
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
A Price/Earnings ratio of 20.51 indicates a rather expensive valuation of CIGI.
Based on the Price/Earnings ratio, CIGI is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.20, CIGI is valued at the same level.
CIGI is valuated rather expensively with a Price/Forward Earnings ratio of 17.66.
CIGI's Price/Forward Earnings ratio is rather cheap when compared to the industry. CIGI is cheaper than 84.85% of the companies in the same industry.
CIGI is valuated at similar levels of the S&P average 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 | 20.51 | ||
| Fwd PE | 17.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CIGI is valued cheaper than 86.36% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CIGI indicates a somewhat cheap valuation: CIGI is cheaper than 60.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.65 | ||
| EV/EBITDA | 11.58 |
4.3 Compensation for Growth
CIGI's 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.
A more expensive valuation may be justified as CIGI's earnings are expected to grow with 16.53% in the coming years.
PEG (NY)1.27
PEG (5Y)3.69
EPS Next 2Y16.53%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.28%, CIGI is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.45, CIGI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, CIGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
5.2 History
On average, the dividend of CIGI grows each year by 24.50%, 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)24.5%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
20.62% 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.
DP20.62%
EPS Next 2Y16.53%
EPS Next 3YN/A
COLLIERS INTL GR-SUBORD VOT
NASDAQ:CIGI (4/23/2024, 7:00:00 PM)
After market: 109.91 0 (0%)109.91
+1.35 (+1.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.08B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.51 | ||
| Fwd PE | 17.66 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.27
PEG (5Y)3.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.2% | ||
| ROE | 7.73% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.08% | ||
| PM (TTM) | 1.51% | ||
| GM | 40.1% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-23.43%
EPS 3Y9.25%
EPS 5Y
EPS growth Q2Q
EPS Next Y16.13%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.79%
Revenue growth 3Y15.87%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y