COLUMBIA SPORTSWEAR CO (COLM) Stock Fundamental Analysis
USA - NASDAQ:COLM - US1985161066 - Common Stock
52.23 USD
+1.39 (+2.73%)
52.23 USD
0 (0%)
COLM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 48 industry peers in the Textiles, Apparel & Luxury Goods industry. COLM has an excellent financial health rating, but there are some minor concerns on its profitability. 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.
Each year in the past 5 years COLM has been profitable.
COLM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
COLM has a Return On Assets of 7.78%. This is amongst the best in the industry. COLM outperforms 83.33% of its industry peers.
COLM has a Return On Equity of 13.59%. This is in the better half of the industry: COLM outperforms 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.73%, COLM is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
COLM had an Average Return On Invested Capital over the past 3 years of 11.43%. This is in line with the industry average of 12.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.78% | ||
| ROE | 13.59% | ||
| ROIC | 9.73% |
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 Profit Margin of 6.59%. This is amongst the best in the industry. COLM outperforms 81.25% of its industry peers.
COLM's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 7.99%, COLM is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
In the last couple of years the Operating Margin of COLM has declined.
Looking at the Gross Margin, with a value of 50.45%, COLM is in line with its industry, outperforming 58.33% of the companies in the same industry.
COLM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.99% | ||
| PM (TTM) | 6.59% | ||
| GM | 50.45% |
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.
Compared to 5 years ago, COLM has less shares outstanding
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 4.15. 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 4.15, COLM is in the better half of the industry, outperforming 72.92% 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 | 4.15 |
ROIC/WACC0.96
WACC10.15%
2.3 Liquidity
COLM has a Current Ratio of 2.49. This indicates that COLM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.49, COLM is in the better half of the industry, outperforming 72.92% of the companies in the same industry.
COLM has a Quick Ratio of 1.27. This is a normal value and indicates that COLM is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.27, COLM is doing good in the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.49 | ||
| Quick Ratio | 1.27 |
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.
COLM shows a small growth in Revenue. In the last year, the Revenue has grown by 0.77%.
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)4.26%
EPS 3Y-10.29%
EPS 5Y-3.52%
EPS Q2Q%5%
Revenue 1Y (TTM)0.77%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%6.14%
3.2 Future
COLM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.11% yearly.
COLM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.18% yearly.
EPS Next Y-16.3%
EPS Next 2Y-9.2%
EPS Next 3Y-0.65%
EPS Next 5Y1.11%
Revenue Next Year0.76%
Revenue Next 2Y1.68%
Revenue Next 3Y2.39%
Revenue Next 5Y3.18%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
COLM is valuated correctly with a Price/Earnings ratio of 13.32.
77.08% of the companies in the same industry are more expensive than COLM, based on the Price/Earnings ratio.
COLM is valuated cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.37, COLM is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COLM is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of COLM to the average of the S&P500 Index (22.94), we can say COLM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 16.37 |
4.2 Price Multiples
COLM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. COLM is cheaper than 72.92% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COLM indicates a rather cheap valuation: COLM is cheaper than 81.25% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.12 | ||
| EV/EBITDA | 6.27 |
4.3 Compensation for Growth
The decent profitability rating of COLM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.2%
EPS Next 3Y-0.65%
5. Dividend
5.1 Amount
COLM has a Yearly Dividend Yield of 2.34%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.29, COLM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, COLM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
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
29.87% of the earnings are spent on dividend by COLM. This is a low number and sustainable payout ratio.
COLM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.87%
EPS Next 2Y-9.2%
EPS Next 3Y-0.65%
52.23
+1.39 (+2.73%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners55.94%
Inst Owner Change0.08%
Ins Owners53.25%
Ins Owner Change0.07%
Market Cap2.86B
Analysts53.33
Price Target57.25 (9.61%)
Short Float %10.57%
Short Ratio3.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
Yearly Dividend1.2
Dividend Growth(5Y)4.59%
DP29.87%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.64%
Min EPS beat(2)9.15%
Max EPS beat(2)22.13%
EPS beat(4)3
Avg EPS beat(4)9.2%
Min EPS beat(4)-6.86%
Max EPS beat(4)22.13%
EPS beat(8)6
Avg EPS beat(8)19.82%
EPS beat(12)8
Avg EPS beat(12)47.11%
EPS beat(16)12
Avg EPS beat(16)53.62%
Revenue beat(2)2
Avg Revenue beat(2)0.64%
Min Revenue beat(2)0.54%
Max Revenue beat(2)0.73%
Revenue beat(4)2
Avg Revenue beat(4)-0.3%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)0.73%
Revenue beat(8)3
Avg Revenue beat(8)-0.94%
Revenue beat(12)5
Avg Revenue beat(12)-0.6%
Revenue beat(16)6
Avg Revenue beat(16)-1.13%
PT rev (1m)0%
PT rev (3m)-15.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 16.37 | ||
| P/S | 0.84 | ||
| P/FCF | 11.12 | ||
| P/OCF | 8.96 | ||
| P/B | 1.73 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 6.27 |
EPS(TTM)3.92
EY7.51%
EPS(NY)3.19
Fwd EY6.11%
FCF(TTM)4.7
FCFY8.99%
OCF(TTM)5.83
OCFY11.16%
SpS62.3
BVpS30.2
TBVpS28.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.78% | ||
| ROE | 13.59% | ||
| ROCE | 12.81% | ||
| ROIC | 9.73% | ||
| ROICexc | 13.37% | ||
| ROICexgc | 14.35% | ||
| OM | 7.99% | ||
| PM (TTM) | 6.59% | ||
| GM | 50.45% | ||
| FCFM | 7.54% |
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 Turnover1.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 113.37% | ||
| Cap/Sales | 1.82% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.48% | ||
| Profit Quality | 114.44% | ||
| Current Ratio | 2.49 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 4.15 |
F-Score6
WACC10.15%
ROIC/WACC0.96
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-16.3%
EPS Next 2Y-9.2%
EPS Next 3Y-0.65%
EPS Next 5Y1.11%
Revenue 1Y (TTM)0.77%
Revenue growth 3Y2.52%
Revenue growth 5Y2.06%
Sales Q2Q%6.14%
Revenue Next Year0.76%
Revenue Next 2Y1.68%
Revenue Next 3Y2.39%
Revenue Next 5Y3.18%
EBIT growth 1Y-7.08%
EBIT growth 3Y-15.64%
EBIT growth 5Y-7.28%
EBIT Next Year7.06%
EBIT Next 3Y9.03%
EBIT Next 5Y5.73%
FCF growth 1Y472.85%
FCF growth 3Y10.49%
FCF growth 5Y21.63%
OCF growth 1Y228.46%
OCF growth 3Y11.48%
OCF growth 5Y11.46%