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 50 industry peers in the Textiles, Apparel & Luxury Goods industry. While COLM has a great health rating, its profitability is only average at the moment. COLM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
COLM had positive earnings in the past year.
COLM had a positive operating cash flow in the past year.
In the past 5 years COLM has always been profitable.
Of the past 5 years COLM 4 years had a positive operating cash flow.
1.2 Ratios
COLM has a better Return On Assets (8.24%) than 76.00% of its industry peers.
COLM has a Return On Equity of 13.06%. This is in the better half of the industry: COLM outperforms 64.00% of its industry peers.
With a decent Return On Invested Capital value of 9.64%, COLM is doing good in the industry, outperforming 64.00% 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 11.09%.
| 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 72.00% of the companies in the same industry.
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 60.00% 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 56.00% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), COLM 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.
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
An Altman-Z score of 4.88 indicates that COLM is not in any danger for bankruptcy at the moment.
COLM has a better Altman-Z score (4.88) than 86.00% of its industry peers.
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 | 4.88 |
ROIC/WACC1.09
WACC8.87%
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 84.00% of its industry peers.
A Quick Ratio of 2.00 indicates that COLM has no problem at all paying its short term obligations.
The Quick ratio of COLM (2.00) is better than 92.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
COLM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.26%.
The Earnings Per Share has been decreasing by -3.52% on average over the past years.
The Revenue has decreased by -3.40% in the past year.
COLM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.06% yearly.
EPS 1Y (TTM)4.26%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%5%
Revenue 1Y (TTM)-3.4%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%6.14%
3.2 Future
COLM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.93% yearly.
The Revenue is expected to grow by 1.86% on average over the next years.
EPS Next Y-10.13%
EPS Next 2Y-3.48%
EPS Next 3Y1.25%
EPS Next 5Y9.93%
Revenue Next Year1.49%
Revenue Next 2Y2.16%
Revenue Next 3Y2.18%
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.
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
With a Price/Earnings ratio of 12.58, COLM is valued correctly.
74.00% of the companies in the same industry are more expensive than COLM, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.82, COLM is valued rather cheaply.
A Price/Forward Earnings ratio of 13.68 indicates a correct valuation of COLM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COLM is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 36.21. COLM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.58 | ||
| Fwd PE | 13.68 |
4.2 Price Multiples
COLM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. COLM is cheaper than 74.00% of the companies in the same industry.
80.00% 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 | 9.25 | ||
| EV/EBITDA | 6.43 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.48%
EPS Next 3Y1.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.05%, COLM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.70, COLM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, COLM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
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
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-3.48%
EPS Next 3Y1.25%
49.3
-7.27 (-12.85%)
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-0.54%
Ins Owners53.42%
Ins Owner Change0.07%
Market Cap2.70B
Analysts53.33
Price Target67.83 (37.59%)
Short Float %13.08%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
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)-10.31%
EPS NQ rev (1m)3.49%
EPS NQ rev (3m)-49.24%
EPS NY rev (1m)-0.53%
EPS NY rev (3m)-8.57%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-2.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.58 | ||
| Fwd PE | 13.68 | ||
| P/S | 0.8 | ||
| P/FCF | 9.25 | ||
| P/OCF | 7.66 | ||
| P/B | 1.58 | ||
| P/tB | 1.68 | ||
| EV/EBITDA | 6.43 |
EPS(TTM)3.92
EY7.95%
EPS(NY)3.6
Fwd EY7.31%
FCF(TTM)5.33
FCFY10.81%
OCF(TTM)6.43
OCFY13.05%
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 | 4.88 |
F-Score7
WACC8.87%
ROIC/WACC1.09
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)4.26%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%5%
EPS Next Y-10.13%
EPS Next 2Y-3.48%
EPS Next 3Y1.25%
EPS Next 5Y9.93%
Revenue 1Y (TTM)-3.4%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%6.14%
Revenue Next Year1.49%
Revenue Next 2Y2.16%
Revenue Next 3Y2.18%
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%