COLUMBIA SPORTSWEAR CO (COLM) Stock Fundamental Analysis
NASDAQ:COLM - Nasdaq - US1985161066 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to COLM. 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
COLM had positive earnings in the past year.
In the past year COLM had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 8.24%, COLM is in the better half of 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.
With a decent Return On Invested Capital value of 9.64%, COLM is doing good in the industry, outperforming 62.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for COLM is in line with the industry average of 11.45%.
| 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
With a decent Profit Margin value of 6.61%, COLM is doing good in the industry, outperforming 70.83% of the companies in the same industry.
COLM's Profit Margin has declined in the last couple of years.
COLM has a Operating Margin (8.07%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of COLM has declined.
COLM has a Gross Margin (50.27%) which is comparable to the rest of the industry.
COLM's Gross Margin has been stable in the last couple of years.
| 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
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.
Compared to 5 years ago, COLM has less shares outstanding
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.
2.2 Solvency
COLM has an Altman-Z score of 5.04. This indicates that COLM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.04, COLM belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
COLM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 5.04 |
ROIC/WACC1.08
WACC8.93%
2.3 Liquidity
A Current Ratio of 3.12 indicates that COLM has no problem at all paying 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.
A Quick Ratio of 2.00 indicates that COLM has no problem at all paying 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
The earnings per share for COLM have decreased by -4.63% in the last year.
COLM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.52% yearly.
COLM shows a decrease in Revenue. In the last year, the revenue decreased by -1.73%.
Measured over the past years, COLM shows a small growth in Revenue. The Revenue has been growing by 2.06% on average per year.
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.
The Revenue is expected to grow by 1.86% on average over the next years.
EPS Next Y-9.66%
EPS Next 2Y-3.24%
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 15.62, the valuation of COLM can be described as correct.
COLM's Price/Earnings ratio is a bit cheaper when compared to the industry. COLM is cheaper than 68.75% of the companies in the same industry.
COLM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.15.
Based on the Price/Forward Earnings ratio of 16.86, the valuation of COLM can be described as correct.
COLM's Price/Forward Earnings ratio is in line with the industry average.
COLM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.60.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.62 | ||
| Fwd PE | 16.86 |
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 72.92% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, COLM is valued a bit cheaper than 77.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.46 | ||
| EV/EBITDA | 7.25 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.24%
EPS Next 3Y1.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.94%, COLM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.86, COLM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, COLM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
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
COLM pays out 30.64% of its income as dividend. This is a sustainable payout ratio.
The dividend of COLM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.64%
EPS Next 2Y-3.24%
EPS Next 3Y1.25%
61.08
-0.35 (-0.57%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners56.59%
Inst Owner Change-2.06%
Ins Owners53.42%
Ins Owner Change0.06%
Market Cap3.34B
Analysts53.33
Price Target67.83 (11.05%)
Short Float %10.89%
Short Ratio3.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
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)-20.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-58.6%
EPS NY rev (1m)-4%
EPS NY rev (3m)-14.92%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)-2.47%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-1.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.62 | ||
| Fwd PE | 16.86 | ||
| P/S | 0.99 | ||
| P/FCF | 11.46 | ||
| P/OCF | 9.49 | ||
| P/B | 1.96 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 7.25 |
EPS(TTM)3.91
EY6.4%
EPS(NY)3.62
Fwd EY5.93%
FCF(TTM)5.33
FCFY8.72%
OCF(TTM)6.43
OCFY10.53%
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 | 5.04 |
F-Score7
WACC8.93%
ROIC/WACC1.08
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-9.66%
EPS Next 2Y-3.24%
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%