COLUMBIA SPORTSWEAR CO (COLM)
US1985161066 - Common Stock
COLM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 49 industry peers in the Textiles, Apparel & Luxury Goods industry. COLM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. COLM has a decent growth rate and is not valued too expensively.
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.
COLM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
COLM has a Return On Assets of 10.14%. This is in the better half of the industry: COLM outperforms 79.59% of its industry peers.
COLM has a Return On Equity of 14.97%. This is in the better half of the industry: COLM outperforms 67.35% of its industry peers.
COLM has a Return On Invested Capital of 13.39%. This is in the better half of the industry: COLM outperforms 79.59% 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 10.83%.
The 3 year average ROIC (11.42%) for COLM is below the current ROIC(13.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.14% | ||
| ROE | 14.97% | ||
| ROIC | 13.39% |
ROA(3y)8.52%
ROA(5y)9.63%
ROE(3y)13.26%
ROE(5y)14.74%
ROIC(3y)11.42%
ROIC(5y)12.61%
1.3 Margins
COLM has a Profit Margin of 7.89%. This is in the better half of the industry: COLM outperforms 75.51% of its industry peers.
COLM's Profit Margin has improved in the last couple of years.
The Operating Margin of COLM (10.79%) is better than 73.47% of its industry peers.
In the last couple of years the Operating Margin of COLM has grown nicely.
The Gross Margin of COLM (49.59%) is better than 61.22% 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 | 10.79% | ||
| PM (TTM) | 7.89% | ||
| GM | 49.59% |
OM growth 3Y-1.52%
OM growth 5Y3.06%
PM growth 3Y-6.12%
PM growth 5Y16.1%
GM growth 3Y-0.28%
GM growth 5Y0.98%
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
COLM has an Altman-Z score of 6.46. This indicates that COLM is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.46, COLM belongs to the best of the industry, outperforming 85.71% 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 | 6.46 |
ROIC/WACC1.45
WACC9.22%
2.3 Liquidity
A Current Ratio of 3.58 indicates that COLM has no problem at all paying its short term obligations.
COLM has a Current ratio of 3.58. This is amongst the best in the industry. COLM outperforms 83.67% of its industry peers.
A Quick Ratio of 1.90 indicates that COLM should not have too much problems paying its short term obligations.
COLM's Quick ratio of 1.90 is fine compared to the rest of the industry. COLM outperforms 75.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.58 | ||
| Quick Ratio | 1.9 |
3. Growth
3.1 Past
COLM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.70%.
Measured over the past years, COLM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.33% on average per year.
Looking at the last year, COLM shows a small growth in Revenue. The Revenue has grown by 5.03% in the last year.
Measured over the past years, COLM shows a small growth in Revenue. The Revenue has been growing by 7.03% on average per year.
EPS 1Y (TTM)-13.7%
EPS 3Y2.32%
EPS 5Y11.33%
EPS growth Q2Q-5.56%
Revenue 1Y (TTM)5.03%
Revenue growth 3Y4.42%
Revenue growth 5Y7.03%
Revenue growth Q2Q3.2%
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 10.19% on average per year.
The Revenue is expected to grow by 6.00% on average over the next years.
EPS Next Y-7.11%
EPS Next 2Y4.17%
EPS Next 3Y7.82%
EPS Next 5Y10.19%
Revenue Next Year3.09%
Revenue Next 2Y4.37%
Revenue Next 3Y5.31%
Revenue Next 5Y6%
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 stable.
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
The Price/Earnings ratio is 17.03, which indicates a rather expensive current valuation of COLM.
Compared to the rest of the industry, the Price/Earnings ratio of COLM is on the same level as its industry peers.
When comparing the Price/Earnings ratio of COLM to the average of the S&P500 Index (24.69), we can say COLM is valued slightly cheaper.
With a Price/Forward Earnings ratio of 14.55, 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.
COLM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 19.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.03 | ||
| Fwd PE | 14.55 |
4.2 Price Multiples
COLM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. COLM is cheaper than 63.27% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as COLM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.95 | ||
| EV/EBITDA | 8.88 |
4.3 Compensation for Growth
The decent profitability rating of COLM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.5
EPS Next 2Y4.17%
EPS Next 3Y7.82%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.60%, COLM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.14, COLM pays a bit more dividend than its industry peers.
COLM's Dividend Yield is slightly below the S&P500 average, which is at 2.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
5.2 History
The dividend of COLM is nicely growing with an annual growth rate of 10.15%!
COLM has been paying a dividend for at least 10 years, so it has a reliable track record.
COLM has decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.15%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
COLM pays out 26.04% of its income as dividend. This is a sustainable payout ratio.
The dividend of COLM is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP26.04%
EPS Next 2Y4.17%
EPS Next 3Y7.82%
COLUMBIA SPORTSWEAR CO
NASDAQ:COLM (11/30/2023, 4:20:01 PM)
After market: 78.33 0 (0%)78.33
+0.64 (+0.82%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)10-26 2023-10-26/amc
Earnings (Next)01-31 2024-01-31/amc
Inst Owners48.33%
Inst Owner Change-10.5%
Ins Owners53.67%
Ins Owner Change0.17%
Market Cap4.80B
Analysts71.25
Price Target76.39 (-2.48%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
Dividend Growth(5Y)10.15%
DP26.04%
Div Incr Years2
Div Non Decr Years2
Ex-Date11-15 2023-11-15 (0.3)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)215.69%
Min EPS beat(2)1.02%
Max EPS beat(2)430.35%
EPS beat(4)2
Avg EPS beat(4)100.6%
Min EPS beat(4)-15.86%
Max EPS beat(4)430.35%
Revenue beat(2)1
Avg Revenue beat(2)0.52%
Min Revenue beat(2)-2.89%
Max Revenue beat(2)3.93%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)3.93%
PT rev (1m)-11.06%
PT rev (3m)-16.16%
EPS NQ rev (1m)-0.73%
EPS NQ rev (3m)-0.73%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.51%
Revenue NQ rev (1m)-3.24%
Revenue NQ rev (3m)-3.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.03 | ||
| Fwd PE | 14.55 | ||
| P/S | 1.34 | ||
| P/FCF | 17.95 | ||
| P/OCF | 14.78 | ||
| P/B | 2.53 | ||
| P/tB | 2.72 | ||
| EV/EBITDA | 8.88 |
EPS(TTM)4.6
EY5.87%
EPS(NY)5.38
Fwd EY6.87%
FCF(TTM)4.36
FCFY5.57%
OCF(TTM)5.3
OCFY6.77%
SpS58.65
BVpS30.9
TBVpS28.75
PEG (NY)N/A
PEG (5Y)1.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.14% | ||
| ROE | 14.97% | ||
| ROCE | 17.08% | ||
| ROIC | 13.39% | ||
| ROICexc | 14.79% | ||
| ROICexgc | 15.8% | ||
| OM | 10.79% | ||
| PM (TTM) | 7.89% | ||
| GM | 49.59% | ||
| FCFM | 7.44% |
ROA(3y)8.52%
ROA(5y)9.63%
ROE(3y)13.26%
ROE(5y)14.74%
ROIC(3y)11.42%
ROIC(5y)12.61%
ROICexc(3y)16.35%
ROICexc(5y)18.67%
ROICexgc(3y)18.15%
ROICexgc(5y)21.36%
ROCE(3y)14.56%
ROCE(5y)16.08%
ROICexcg growth 3Y-4.04%
ROICexcg growth 5Y-5.83%
ROICexc growth 3Y-2.32%
ROICexc growth 5Y-2.97%
OM growth 3Y-1.52%
OM growth 5Y3.06%
PM growth 3Y-6.12%
PM growth 5Y16.1%
GM growth 3Y-0.28%
GM growth 5Y0.98%
F-Score7
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 46.22% | ||
| Cap/Sales | 1.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 63.45% | ||
| Profit Quality | 94.33% | ||
| Current Ratio | 3.58 | ||
| Quick Ratio | 1.9 | ||
| Altman-Z | 6.46 |
F-Score7
WACC9.22%
ROIC/WACC1.45
Cap/Depr(3y)33.16%
Cap/Depr(5y)62.74%
Cap/Sales(3y)1.32%
Cap/Sales(5y)2.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
Growth
EPS 1Y (TTM)-13.7%
EPS 3Y2.32%
EPS 5Y11.33%
EPS growth Q2Q-5.56%
EPS Next Y-7.11%
EPS Next 2Y4.17%
EPS Next 3Y7.82%
EPS Next 5Y10.19%
Revenue 1Y (TTM)5.03%
Revenue growth 3Y4.42%
Revenue growth 5Y7.03%
Revenue growth Q2Q3.2%
Revenue Next Year3.09%
Revenue Next 2Y4.37%
Revenue Next 3Y5.31%
Revenue Next 5Y6%
EBIT growth 1Y-13.71%
EBIT growth 3Y2.83%
EBIT growth 5Y10.31%
EBIT Next Year12.45%
EBIT Next 3Y10.37%
EBIT Next 5Y9.82%
FCF growth 1Y-38.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.09%
OCF growth 3YN/A
OCF growth 5YN/A