COLLIERS INTL GR-SUBORD VOT (CIGI) Stock Fundamental Analysis
NASDAQ:CIGI - Nasdaq - CA1946931070 - Common Stock - Currency: USD
CIGI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 64 industry peers in the Real Estate Management & Development industry. CIGI has an average financial health and profitability rating. CIGI is not valued too expensively and it also shows a decent 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.
Each year in the past 5 years CIGI had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 2.37%, CIGI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
With an excellent Return On Equity value of 10.80%, CIGI belongs to the best of the industry, outperforming 92.19% of the companies in the same industry.
The Return On Invested Capital of CIGI (5.32%) is better than 78.13% 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
The Profit Margin of CIGI (2.92%) is better than 75.00% of its industry peers.
CIGI's Profit Margin has been stable in the last couple of years.
CIGI's Operating Margin of 7.20% is fine compared to the rest of the industry. CIGI outperforms 73.44% of its industry peers.
CIGI's Operating Margin has declined in the last couple of years.
CIGI has a better Gross Margin (39.89%) than 68.75% 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
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.
Compared to 5 years ago, CIGI has more shares outstanding
Compared to 1 year ago, CIGI has an improved debt to assets ratio.
2.2 Solvency
CIGI has an Altman-Z score of 1.90. 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.
CIGI's Altman-Z score of 1.90 is fine compared to the rest of the industry. CIGI outperforms 60.94% of its industry peers.
CIGI has a debt to FCF ratio of 10.90. This is a negative value and a sign of low solvency as CIGI would need 10.90 years to pay back of all of its debts.
CIGI's Debt to FCF ratio of 10.90 is fine compared to the rest of the industry. CIGI outperforms 70.31% 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.
CIGI has a worse Debt to Equity ratio (1.30) than 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 10.9 | ||
| Altman-Z | 1.9 |
ROIC/WACC0.74
WACC7.22%
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 Current ratio of 1.17. This is comparable to the rest of the industry: CIGI outperforms 42.19% of its industry peers.
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 45.31% of its industry peers.
| 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 10.25%, which is quite good.
CIGI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.15% yearly.
CIGI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.50%.
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
The Earnings Per Share is expected to grow by 15.92% on average over the next years. This is quite good.
CIGI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.12% yearly.
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
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
CIGI is valuated rather expensively with a Price/Earnings ratio of 24.39.
78.13% of the companies in the same industry are more expensive than CIGI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.35, CIGI is valued at the same level.
With a Price/Forward Earnings ratio of 18.72, CIGI is valued on the expensive side.
85.94% of the companies in the same industry are more expensive than CIGI, based on the Price/Forward Earnings ratio.
CIGI is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.39 | ||
| Fwd PE | 18.72 |
4.2 Price Multiples
CIGI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CIGI is cheaper than 81.25% 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 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.78 | ||
| EV/EBITDA | 14.49 |
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.
CIGI's earnings are expected to grow with 15.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.58
PEG (5Y)5.88
EPS Next 2Y15.16%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
CIGI has a yearly dividend return of 0.23%, which is pretty low.
Compared to an average industry Dividend Yield of 3.53, CIGI pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.23, CIGI pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.23% |
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.
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
10.45% of the earnings are spent on dividend by CIGI. This is a low number and sustainable payout ratio.
CIGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP10.45%
EPS Next 2Y15.16%
EPS Next 3Y15.92%
141.73
+1.84 (+1.32%)
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 Change1.41%
Ins Owners11.79%
Ins Owner Change0%
Market Cap7.18B
Analysts80
Price Target118.94 (-16.08%)
Short Float %1.95%
Short Ratio6.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.23% |
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)1.1%
PT rev (3m)16.3%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-2.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
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 | 24.39 | ||
| Fwd PE | 18.72 | ||
| P/S | 1.45 | ||
| P/FCF | 44.78 | ||
| P/OCF | 32.18 | ||
| P/B | 5.36 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.49 |
EPS(TTM)5.81
EY4.1%
EPS(NY)7.57
Fwd EY5.34%
FCF(TTM)3.16
FCFY2.23%
OCF(TTM)4.4
OCFY3.11%
SpS97.87
BVpS26.45
TBVpS-42.26
PEG (NY)1.58
PEG (5Y)5.88
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 | 1.9 |
F-Score4
WACC7.22%
ROIC/WACC0.74
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%