Colliers International Group (CIGI) AI Stock Analysis

• Market Cap: C$9.29B
• Dividend Yield: 0.22%
• Average Volume (3M): 42.06K
• Price to Earnings (P/E): 46.7
• Beta (1Y): 1.20
• Revenue Growth: 17.07%
• EPS Growth: 42.36%
• Country: CA
• Employees: 23,000
• Sector: Real Estate
• Sector Strength: 57
• Industry: Real Estate - Services
• EPS (TTM): 1.20
• Shares Outstanding: 49,297,832
• 10 Day Avg. Volume: 33,747
• 30 Day Avg. Volume: 42,061
• PEG Ratio: -4.45
• Price to Book (P/B): 5.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.50
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 0.46
• Enterprise Value/Gross Profit: 4.37
• Enterprise Value/Ebitda: 3.66
• 1Y Price Target: C$220.37
• Price Target Upside: 18.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 69 Neutral
• Price Target: C$187.00 ▲(0.24%Upside)

Colliers International Group's stock demonstrates a balanced outlook with strong financial performance and positive earnings call sentiment being the most significant factors. High leverage and negative cash flow growth are key risks, while mixed technical indicators and high valuation pose caution for potential investors.

Positive Factors

Fundraising and Retention

Management hopes to come in closer to the higher end of its $5 billion-$8 billion fundraising targets, supported by new fund launches and strong retention in existing funds.

Investment Management

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

Negative Factors

Brokerage Business Decline

The brokerage business declined by 1% year-over-year, a material deceleration from previous growth.

Leasing Revenue Decline

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

Colliers International Group Business Overview & Revenue Model

Company Description

Colliers International Group Inc. (CIGI) is a leading diversified professional services and investment management company that operates in the commercial real estate sector. The company offers a comprehensive range of services including brokerage, property management, real estate management services, valuation, consulting, and project management. Colliers serves a broad spectrum of clients, encompassing corporations, financial institutions, governments, and individuals, across various industries globally.

How the Company Makes Money

Colliers International Group generates revenue primarily through its service fees and commissions related to its real estate services. The core revenue streams include transaction services, which consist of leasing and sales brokerage fees, management services, which involve property and project management fees, and valuation and advisory services that provide consulting and appraisal fees. Additionally, the company earns from investment management operations, where it manages funds and assets on behalf of institutional and private investors, generating fee-based income. Significant partnerships with corporate clients and a strong presence in key global markets contribute to Colliers' ability to sustain and grow its revenue base.

Colliers International Group Financial Statement Overview

Summary

Colliers International Group demonstrates solid growth and profitability metrics with strong revenue expansion and operational efficiency. However, high leverage and negative free cash flow growth present potential risks. The company should focus on improving cash flow and managing debt levels to enhance financial stability over the long term.

Income Statement

Colliers International Group shows a robust financial performance in the TTM period with a Gross Profit Margin of 39.87% and a Net Profit Margin of 2.92%. The Revenue Growth Rate is strong at 13.99% when comparing the latest annual figures, indicating healthy growth. The EBIT Margin stands at 7.61%, and the EBITDA Margin is 12.24%, both showing profitability stability over time. However, a slight decline in EBIT and EBITDA margins from the previous year may indicate operational cost pressures.

Balance Sheet

The company's Debt-to-Equity Ratio is 1.66, which is relatively high, suggesting a higher reliance on debt financing. The Return on Equity (ROE) is 10.80%, showing a good return for shareholders. The Equity Ratio is 21.95%, indicating a moderate level of equity financing. While the company has strengthened its equity base over recent years, the high leverage level could pose risks if interest rates rise.

Cash Flow

Colliers' Free Cash Flow Growth Rate is negative, with a significant drop in free cash flow in the TTM period. However, the Operating Cash Flow to Net Income Ratio of 2.62 suggests strong cash generation relative to net income, indicating operational efficiency. The Free Cash Flow to Net Income Ratio is negative due to capital expenditure exceeding operating cash flow.

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

Colliers International Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 186.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 186.55 is above the 20-day moving average (MA) of 180.16, above the 50-day MA of 174.77, and below the 200-day MA of 187.39, indicating a neutral trend. The MACD of 3.05 indicates Negative momentum. The RSI at 65.69 is Neutral, neither overbought nor oversold. The STOCH value of 86.89 is Negative, 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
MEQ	74 Outperform	C$1.75B	7.13	15.90%	0.09%	16.22%	39.56%
FSV	72 Outperform	C$11.03B	61.15	11.61%	0.62%	22.37%	46.30%
CIGI	69 Neutral	C$9.29B	46.66	11.57%	0.22%	17.07%	42.36%
AIF	68 Neutral	C$2.31B	178.14	2.13%	1.12%	-23.26%	-644.01%
Sector *	64 Neutral	$6.92B	18.30	-1.93%	6.80%	4.67%	-25.44%
SVI	61 Neutral	C$1.52B	―	-23.06%	0.29%	5.77%	-388.17%
BRE	60 Neutral	$142.73M	―	4.67%	8.82%	763.30%	-156.55%

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.