COLUMBIA SPORTSWEAR CO (COLM) Stock Fundamental Analysis
NASDAQ:COLM - Nasdaq - US1985161066 - Common Stock - Currency: USD
Overall COLM gets a fundamental rating of 6 out of 10. We evaluated COLM against 49 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
COLM had positive earnings in the past year.
In the past year COLM had a positive cash flow from operations.
COLM had positive earnings in each of the past 5 years.
Of the past 5 years COLM 4 years had a positive operating cash flow.
1.2 Ratios
COLM has a Return On Assets of 7.50%. This is in the better half of the industry: COLM outperforms 69.39% of its industry peers.
The Return On Equity of COLM (12.54%) is better than 63.27% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.31%, COLM is in the better half of the industry, outperforming 63.27% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for COLM is below the industry average of 13.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.5% | ||
| ROE | 12.54% | ||
| ROIC | 9.31% |
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's Profit Margin of 6.63% is fine compared to the rest of the industry. COLM outperforms 69.39% of its industry peers.
COLM's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 8.04%, COLM perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
In the last couple of years the Operating Margin of COLM has declined.
COLM has a Gross Margin of 50.20%. This is comparable to the rest of the industry: COLM outperforms 53.06% 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 | 8.04% | ||
| PM (TTM) | 6.63% | ||
| GM | 50.2% |
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
COLM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
COLM has an Altman-Z score of 4.58. This indicates that COLM is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.58, COLM belongs to the best of the industry, outperforming 81.63% 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 | 4.58 |
ROIC/WACC0.95
WACC9.78%
2.3 Liquidity
COLM has a Current Ratio of 2.62. This indicates that COLM is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.62, COLM is doing good in the industry, outperforming 71.43% of the companies in the same industry.
A Quick Ratio of 1.72 indicates that COLM should not have too much problems paying its short term obligations.
COLM's Quick ratio of 1.72 is amongst the best of the industry. COLM outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.62 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
COLM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.30%.
COLM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.52% yearly.
The Revenue has decreased by -3.40% in the past year.
The Revenue has been growing slightly by 2.06% on average over the past years.
EPS 1Y (TTM)-6.3%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%16.13%
Revenue 1Y (TTM)-3.4%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%3.45%
3.2 Future
Based on estimates for the next years, COLM will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.26% on average per year.
Based on estimates for the next years, COLM will show a small growth in Revenue. The Revenue will grow by 3.40% on average per year.
EPS Next Y-1.71%
EPS Next 2Y1.26%
EPS Next 3Y4.08%
EPS Next 5Y14.26%
Revenue Next Year2.4%
Revenue Next 2Y3.18%
Revenue Next 3Y2.97%
Revenue Next 5Y3.4%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.54 indicates a correct valuation of COLM.
The rest of the industry has a similar Price/Earnings ratio as COLM.
COLM is valuated rather cheaply when we compare the Price/Earnings ratio to 28.87, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.82, COLM is valued correctly.
COLM's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.38. COLM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.54 | ||
| Fwd PE | 16.82 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COLM indicates a somewhat cheap valuation: COLM is cheaper than 61.22% of the companies listed in the same industry.
73.47% of the companies in the same industry are more expensive than COLM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.21 | ||
| EV/EBITDA | 7.48 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.26%
EPS Next 3Y4.08%
5. Dividend
5.1 Amount
COLM has a Yearly Dividend Yield of 1.82%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of COLM has falen by -27.52%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
COLM's Dividend Yield is a higher than the industry average which is at 4.06.
Compared to the average S&P500 Dividend Yield of 2.46, COLM is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
The dividend of COLM has a limited annual growth rate of 4.59%.
COLM has paid a dividend for at least 10 years, which is 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
31.23% 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.
DP31.23%
EPS Next 2Y1.26%
EPS Next 3Y4.08%
64
-0.66 (-1.02%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners54.43%
Inst Owner Change0%
Ins Owners51.1%
Ins Owner Change0%
Market Cap3.54B
Analysts52.31
Price Target75.63 (18.17%)
Short Float %11.56%
Short Ratio3.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Yearly Dividend1.2
Dividend Growth(5Y)4.59%
DP31.23%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.76%
Min EPS beat(2)-6.86%
Max EPS beat(2)12.37%
EPS beat(4)3
Avg EPS beat(4)37.13%
Min EPS beat(4)-6.86%
Max EPS beat(4)100.79%
EPS beat(8)5
Avg EPS beat(8)67.72%
EPS beat(12)8
Avg EPS beat(12)65.3%
EPS beat(16)12
Avg EPS beat(16)110.19%
Revenue beat(2)0
Avg Revenue beat(2)-1.24%
Min Revenue beat(2)-2.44%
Max Revenue beat(2)-0.04%
Revenue beat(4)1
Avg Revenue beat(4)-0.52%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)2.01%
Revenue beat(8)3
Avg Revenue beat(8)-0.56%
Revenue beat(12)3
Avg Revenue beat(12)-1.24%
Revenue beat(16)6
Avg Revenue beat(16)-0.3%
PT rev (1m)-11.21%
PT rev (3m)-11.21%
EPS NQ rev (1m)1.01%
EPS NQ rev (3m)-7.36%
EPS NY rev (1m)-7.38%
EPS NY rev (3m)-12.96%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-5.45%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.54 | ||
| Fwd PE | 16.82 | ||
| P/S | 1.05 | ||
| P/FCF | 8.21 | ||
| P/OCF | 7.21 | ||
| P/B | 1.99 | ||
| P/tB | 2.12 | ||
| EV/EBITDA | 7.48 |
EPS(TTM)3.87
EY6.05%
EPS(NY)3.8
Fwd EY5.94%
FCF(TTM)7.79
FCFY12.18%
OCF(TTM)8.87
OCFY13.86%
SpS60.87
BVpS32.17
TBVpS30.25
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.5% | ||
| ROE | 12.54% | ||
| ROCE | 12.26% | ||
| ROIC | 9.31% | ||
| ROICexc | 14.76% | ||
| ROICexgc | 15.98% | ||
| OM | 8.04% | ||
| PM (TTM) | 6.63% | ||
| GM | 50.2% | ||
| FCFM | 12.8% |
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-Score6
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 106.9% | ||
| Cap/Sales | 1.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 150.31% | ||
| Profit Quality | 193.14% | ||
| Current Ratio | 2.62 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z | 4.58 |
F-Score6
WACC9.78%
ROIC/WACC0.95
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)-6.3%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%16.13%
EPS Next Y-1.71%
EPS Next 2Y1.26%
EPS Next 3Y4.08%
EPS Next 5Y14.26%
Revenue 1Y (TTM)-3.4%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%3.45%
Revenue Next Year2.4%
Revenue Next 2Y3.18%
Revenue Next 3Y2.97%
Revenue Next 5Y3.4%
EBIT growth 1Y-19.25%
EBIT growth 3Y-15.64%
EBIT growth 5Y-7.28%
EBIT Next Year45.65%
EBIT Next 3Y17.38%
EBIT Next 5Y13.99%
FCF growth 1Y-25.86%
FCF growth 3Y10.49%
FCF growth 5Y21.63%
OCF growth 1Y-22.83%
OCF growth 3Y11.48%
OCF growth 5Y11.46%