COLUMBIA SPORTSWEAR CO (COLM) Stock Fundamental Analysis
NASDAQ:COLM - Nasdaq - US1985161066 - Common Stock - Currency: USD
Taking everything into account, COLM scores 6 out of 10 in our fundamental rating. COLM was compared to 48 industry peers in the Textiles, Apparel & Luxury Goods industry. COLM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. COLM has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year COLM was profitable.
COLM had a positive operating cash flow in the past year.
Each year in the past 5 years COLM has been profitable.
Of the past 5 years COLM 4 years had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 8.24%, COLM is doing good in the industry, outperforming 75.00% of the companies in the same industry.
With a decent Return On Equity value of 13.06%, COLM is doing good in the industry, outperforming 62.50% of the companies in the same industry.
COLM's Return On Invested Capital of 9.64% is fine compared to the rest of the industry. COLM outperforms 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for COLM is in line with the industry average of 11.61%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.24% | ||
| ROE | 13.06% | ||
| ROIC | 9.64% |
ROA(3y)8.75%
ROA(5y)8.32%
ROE(3y)13.87%
ROE(5y)13.06%
ROIC(3y)11.43%
ROIC(5y)10.68%
1.3 Margins
COLM has a better Profit Margin (6.61%) than 70.83% of its industry peers.
COLM's Profit Margin has declined in the last couple of years.
COLM's Operating Margin of 8.07% is in line compared to the rest of the industry. COLM outperforms 54.17% of its industry peers.
COLM's Operating Margin has declined in the last couple of years.
COLM's Gross Margin of 50.27% is in line compared to the rest of the industry. COLM outperforms 54.17% of its industry peers.
In the last couple of years the Gross Margin of COLM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.07% | ||
| PM (TTM) | 6.61% | ||
| GM | 50.27% |
OM growth 3Y-17.71%
OM growth 5Y-9.15%
PM growth 3Y-16.36%
PM growth 5Y-9.41%
GM growth 3Y-0.9%
GM growth 5Y0.15%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so COLM is still creating some value.
The number of shares outstanding for COLM has been reduced compared to 1 year ago.
The number of shares outstanding for COLM has been reduced compared to 5 years ago.
COLM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 5.07 indicates that COLM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.07, COLM belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
There is no outstanding debt for COLM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 5.07 |
ROIC/WACC0.93
WACC10.33%
2.3 Liquidity
COLM has a Current Ratio of 3.12. This indicates that COLM is financially healthy and has no problem in meeting its short term obligations.
COLM's Current ratio of 3.12 is amongst the best of the industry. COLM outperforms 81.25% of its industry peers.
COLM has a Quick Ratio of 2.00. This indicates that COLM is financially healthy and has no problem in meeting its short term obligations.
COLM has a Quick ratio of 2.00. This is amongst the best in the industry. COLM outperforms 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
COLM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.63%.
Measured over the past years, COLM shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.52% on average per year.
COLM shows a decrease in Revenue. In the last year, the revenue decreased by -1.73%.
The Revenue has been growing slightly by 2.06% on average over the past years.
EPS 1Y (TTM)-4.63%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%5.63%
Revenue 1Y (TTM)-1.73%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%1.1%
3.2 Future
The Earnings Per Share is expected to grow by 9.93% on average over the next years. This is quite good.
COLM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.86% yearly.
EPS Next Y-5.89%
EPS Next 2Y-0.76%
EPS Next 3Y1.25%
EPS Next 5Y9.93%
Revenue Next Year1.46%
Revenue Next 2Y2.13%
Revenue Next 3Y2.14%
Revenue Next 5Y1.86%
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.
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
Based on the Price/Earnings ratio of 15.95, the valuation of COLM can be described as correct.
Based on the Price/Earnings ratio, COLM is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.60. COLM is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 16.37, the valuation of COLM can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as COLM.
COLM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.95 | ||
| Fwd PE | 16.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COLM is valued a bit cheaper than 68.75% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COLM indicates a somewhat cheap valuation: COLM is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.71 | ||
| EV/EBITDA | 7.4 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.76%
EPS Next 3Y1.25%
5. Dividend
5.1 Amount
COLM has a Yearly Dividend Yield of 1.96%. Purely for dividend investing, there may be better candidates out there.
The stock price of COLM dropped by -20.47% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
COLM's Dividend Yield is a higher than the industry average which is at 3.72.
COLM's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
5.2 History
The dividend of COLM has a limited annual growth rate of 4.59%.
COLM has been paying a dividend for at least 10 years, so it has a reliable track record.
COLM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.59%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
30.64% of the earnings are spent on dividend by COLM. This is a low number and sustainable payout ratio.
COLM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.64%
EPS Next 2Y-0.76%
EPS Next 3Y1.25%
62.37
-0.61 (-0.97%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners54.43%
Inst Owner Change-2.06%
Ins Owners51.1%
Ins Owner Change0.06%
Market Cap3.41B
Analysts53.33
Price Target67.83 (8.75%)
Short Float %14.26%
Short Ratio3.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
Yearly Dividend1.2
Dividend Growth(5Y)4.59%
DP30.64%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.15%
Min EPS beat(2)-6.86%
Max EPS beat(2)9.15%
EPS beat(4)3
Avg EPS beat(4)14.22%
Min EPS beat(4)-6.86%
Max EPS beat(4)42.22%
EPS beat(8)6
Avg EPS beat(8)70.85%
EPS beat(12)8
Avg EPS beat(12)64.58%
EPS beat(16)12
Avg EPS beat(16)103.7%
Revenue beat(2)1
Avg Revenue beat(2)0.35%
Min Revenue beat(2)-0.04%
Max Revenue beat(2)0.73%
Revenue beat(4)1
Avg Revenue beat(4)-0.84%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)0.73%
Revenue beat(8)3
Avg Revenue beat(8)-0.51%
Revenue beat(12)4
Avg Revenue beat(12)-1%
Revenue beat(16)6
Avg Revenue beat(16)-0.44%
PT rev (1m)0%
PT rev (3m)-19.76%
EPS NQ rev (1m)-18.39%
EPS NQ rev (3m)-58.14%
EPS NY rev (1m)-4.26%
EPS NY rev (3m)-11.37%
Revenue NQ rev (1m)-0.4%
Revenue NQ rev (3m)-2.77%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.95 | ||
| Fwd PE | 16.37 | ||
| P/S | 1.01 | ||
| P/FCF | 11.71 | ||
| P/OCF | 9.69 | ||
| P/B | 2 | ||
| P/tB | 2.13 | ||
| EV/EBITDA | 7.4 |
EPS(TTM)3.91
EY6.27%
EPS(NY)3.81
Fwd EY6.11%
FCF(TTM)5.33
FCFY8.54%
OCF(TTM)6.43
OCFY10.32%
SpS61.69
BVpS31.23
TBVpS29.3
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.24% | ||
| ROE | 13.06% | ||
| ROCE | 12.69% | ||
| ROIC | 9.64% | ||
| ROICexc | 13.9% | ||
| ROICexgc | 14.96% | ||
| OM | 8.07% | ||
| PM (TTM) | 6.61% | ||
| GM | 50.27% | ||
| FCFM | 8.64% |
ROA(3y)8.75%
ROA(5y)8.32%
ROE(3y)13.87%
ROE(5y)13.06%
ROIC(3y)11.43%
ROIC(5y)10.68%
ROICexc(3y)16.08%
ROICexc(5y)15.69%
ROICexgc(3y)17.32%
ROICexgc(5y)17.21%
ROCE(3y)15.05%
ROCE(5y)14.05%
ROICexcg growth 3Y-14.9%
ROICexcg growth 5Y-5.43%
ROICexc growth 3Y-13.69%
ROICexc growth 5Y-4.52%
OM growth 3Y-17.71%
OM growth 5Y-9.15%
PM growth 3Y-16.36%
PM growth 5Y-9.41%
GM growth 3Y-0.9%
GM growth 5Y0.15%
F-Score7
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 111.48% | ||
| Cap/Sales | 1.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 107.75% | ||
| Profit Quality | 130.66% | ||
| Current Ratio | 3.12 | ||
| Quick Ratio | 2 | ||
| Altman-Z | 5.07 |
F-Score7
WACC10.33%
ROIC/WACC0.93
Cap/Depr(3y)66.57%
Cap/Depr(5y)49.87%
Cap/Sales(3y)1.68%
Cap/Sales(5y)1.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.63%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%5.63%
EPS Next Y-5.89%
EPS Next 2Y-0.76%
EPS Next 3Y1.25%
EPS Next 5Y9.93%
Revenue 1Y (TTM)-1.73%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%1.1%
Revenue Next Year1.46%
Revenue Next 2Y2.13%
Revenue Next 3Y2.14%
Revenue Next 5Y1.86%
EBIT growth 1Y-15.76%
EBIT growth 3Y-15.64%
EBIT growth 5Y-7.28%
EBIT Next Year17.82%
EBIT Next 3Y10.3%
EBIT Next 5Y8.68%
FCF growth 1Y980.21%
FCF growth 3Y10.49%
FCF growth 5Y21.63%
OCF growth 1Y306.73%
OCF growth 3Y11.48%
OCF growth 5Y11.46%