Colliers International Group (CIGI) AI Stock Analysis

• Market Cap: C$11.63B
• Dividend Yield: 0.18%
• Average Volume (3M): 69.38K
• Price to Earnings (P/E): 72.9
• Beta (1Y): 1.23
• Revenue Growth: 20.00%
• EPS Growth: -23.17%
• Country: CA
• Employees: 23,000
• Sector: Real Estate
• Sector Strength: 48
• Industry: Real Estate - Services
• EPS (TTM): 2.38
• Shares Outstanding: 49,503,120
• 10 Day Avg. Volume: 67,124
• 30 Day Avg. Volume: 69,381
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$247.16
• Price Target Upside: 11.31% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 68 Neutral
• Price Target: C$243.00 ▲(9.44% Upside)

Colliers International Group's overall stock score is driven by strong financial performance and positive technical indicators. The company's robust revenue growth and strategic acquisitions are significant strengths. However, high leverage and overvaluation present risks. The positive sentiment from the earnings call further supports the stock's potential, despite some challenges in specific segments.

Positive Factors

Earnings Outlook

Colliers reported solid second-quarter results and raised its outlook for 2025, reflecting strong financial performance.

Investment Management Potential

Management hopes to consolidate its investment management platforms to support margin expansion in the IM segment over time.

Revenue Growth

Revenue of $1.35 billion was 3% above estimate and 4% above consensus, showing stronger-than-expected sales figures.

Negative Factors

Leasing Revenue Decline

Growth in leasing and capital markets decelerated, with leasing revenue falling by 7%.

Leasing Trends

Trends in leasing remain slightly disappointing, indicating challenges in this segment.

Colliers International Group Business Overview & Revenue Model

Company Description

Colliers International Group Inc. (CIGI) is a leading global real estate services and investment management company based in Canada. The company operates in various sectors, including commercial real estate, property management, valuation, and investment sales. Colliers provides a comprehensive range of services, including brokerage, corporate solutions, facilities management, and project management, catering to clients such as corporations, institutions, and government entities across multiple industries.

How the Company Makes Money

Colliers International generates revenue through diverse streams, primarily from service fees related to its real estate brokerage activities, property management services, and advisory services. The brokerage segment includes leasing and sales transactions, where the company earns commissions based on the value of properties transacted. Additionally, Colliers earns management fees from overseeing properties and managing real estate investments for clients. Key partnerships with institutional investors and global corporations enhance its service offerings and expand its client base, contributing to its earnings. The company also benefits from performance-based fees tied to the success of its investment management services, reflecting its focus on maximizing returns for clients.

Colliers International Group Financial Statement Overview

Summary

Colliers International Group demonstrates solid revenue growth and stable operating margins, which are positive indicators for the company's operational efficiency. However, high leverage and negative free cash flow in the latest period pose potential risks. The company needs to focus on improving cash flow generation and managing debt levels to ensure long-term financial health.

Income Statement

Colliers International Group shows a positive revenue growth trend with a 4.2% increase in TTM, indicating resilience in the real estate services sector. The gross profit margin remains strong at approximately 39%, though there is a slight decline from previous periods. The net profit margin has decreased to 2.16% in TTM, reflecting pressure on profitability. Despite this, the EBIT and EBITDA margins are stable, suggesting effective cost management.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio of 1.68 in TTM, indicating significant leverage which could pose a risk if not managed properly. However, the return on equity is reasonable at 8.45%, showing that the company is generating a decent return on its equity base. The equity ratio stands at around 21.5%, suggesting a moderate level of financial stability.

Cash Flow

Cash flow analysis shows a substantial increase in free cash flow growth, but the free cash flow remains negative in TTM, which is concerning. The operating cash flow to net income ratio is low at 0.19, indicating potential challenges in converting income into cash. The free cash flow to net income ratio is relatively high, suggesting that when free cash flow is positive, it is efficiently supporting net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.17B	4.82B	4.34B	4.46B	4.09B	2.79B
Gross Profit	2.08B	1.92B	1.74B	1.71B	1.57B	1.05B
EBITDA	624.48M	618.49M	509.39M	613.89M	24.87M	302.56M
Net Income	112.09M	161.72M	65.54M	194.54M	-237.56M	94.49M
Balance Sheet
Total Assets	6.46B	6.10B	5.48B	5.10B	3.87B	3.29B
Cash, Cash Equivalents and Short-Term Investments	183.34M	224.83M	204.66M	173.66M	396.75M	156.61M
Total Debt	2.32B	2.06B	2.14B	2.10B	1.30B	1.25B
Total Liabilities	3.92B	3.62B	3.56B	4.60B	2.75B	2.71B
Stockholders Equity	1.39B	1.32B	847.99M	493.37M	581.60M	586.11M
Cash Flow
Free Cash Flow	-103.54M	260.92M	81.14M	-650.00K	231.03M	126.13M
Operating Cash Flow	282.52M	326.01M	165.66M	67.03M	288.98M	166.48M
Investing Cash Flow	-677.18M	-783.10M	-133.98M	-872.84M	-49.41M	-113.46M
Financing Cash Flow	395.48M	452.21M	-7.81M	612.92M	18.60M	1.05M

Colliers International Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 222.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CIGI, the sentiment is Positive. The current price of 222.04 is below the 20-day moving average (MA) of 224.02, above the 50-day MA of 202.54, and above the 200-day MA of 188.48, indicating a neutral trend. The MACD of 6.75 indicates Positive momentum. The RSI at 57.15 is Neutral, neither overbought nor oversold. The STOCH value of 13.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CIGI.

Colliers International Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIGI	68 Neutral	C$11.63B	72.89	8.69%	0.18%	20.00%	-23.17%
Sector *	63 Neutral	$7.02B	13.29	-0.50%	6.92%	4.08%	-25.24%
FSV	―	$8.98B	63.34	12.16%	0.53%	―	―
MEQ	81 Outperform	C$1.83B	5.93	19.75%	0.07%	14.29%	144.57%
AIF	68 Neutral	C$2.66B	178.14	3.20%	0.98%	-33.01%	-2201.72%
SVI	58 Neutral	C$1.73B	―	-23.35%	0.25%	7.94%	-12.23%
BREUF	―	$103.72M	―		8.91%	―	―

Colliers International Group Corporate Events

Colliers International Group Announces Director Elections and Shareholder Approvals

Colliers International Group Inc. announced the election of ten directors at its virtual annual shareholders meeting. The shareholders also approved the appointment of PricewaterhouseCoopers LLP as the auditor and a non-binding advisory resolution on executive compensation. These decisions reflect Colliers’ commitment to strong governance and strategic growth, reinforcing its position in the professional services and investment management industry.