Colliers International Group (CIGI) AI Stock Analysis

• Market Cap: $8.75B
• Dividend Yield: 0.24%
• Average Volume (3M): 48.60K
• Price to Earnings (P/E): 43.9
• Beta (1Y): 1.18
• Revenue Growth: 17.07%
• EPS Growth: 42.36%
• Country: CA
• Employees: 23,000
• Sector: Real Estate
• Sector Strength: 60
• Industry: Real Estate - Services
• EPS (TTM): 1.20
• Shares Outstanding: 49,297,832
• 10 Day Avg. Volume: 45,750
• 30 Day Avg. Volume: 48,598
• PEG Ratio: -4.19
• Price to Book (P/B): 4.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.10K
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 0.44
• Enterprise Value/Gross Profit: 4.19
• Enterprise Value/Ebitda: 3.50
• 1Y Price Target: $218.23
• Price Target Upside: 25.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 69 Neutral
• Price Target: C$187.00 ▲(7.87%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

Growth Potential

Management believes it is possible to double the size of Engineering and Investment Management over the next five years, which would support multiple expansion.

Recurring Revenue

Over 70% of Colliers' consolidated adjusted EBITDA now comes from recurring business lines, highlighting its business resilience.

Valuation

Colliers shares are viewed as attractively valued in light of its organic top-line growth and margin expansion opportunities.

Negative Factors

Brokerage Business

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

Earnings Outlook

2025E outlook reflects a slower-than-expected CRE transaction recovery and new fundraising cycle, posing near-term earnings headwinds.

Leasing Revenue

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. provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services. The company provides outsourcing and advisory services, such as corporate and workplace solutions; valuation and advisory services; workplace strategy services; loan servicing; property marketing; research services; and engineering design services for property and building, infrastructure, transportation, environmental and telecommunications end-markets. It also offers property management services comprising building operations and maintenance, facilities management, lease administration, property accounting and financial reporting, contract management and, construction management; and project management services, which include bid document review, construction monitoring and delivery management, contract administration and integrated cost control, development management, facility and engineering functionality, milestone and performance monitoring, quality assurance, risk management and strategic project consulting. In addition, the company provides investment management services that consists of asset management advisory and administration, transaction, and incentive services. The company was founded in 1972 and is headquartered in Toronto, Canada.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
4.96B	4.82B	4.34B	4.46B	4.09B	2.79B
	Gross Profit
1.98B	1.92B	1.74B	1.71B	1.57B	1.05B
	EBIT
377.49M	389.21M	300.94M	332.50M	-59.22M	164.58M
	EBITDA
607.43M	618.49M	509.39M	613.89M	24.87M	302.56M
	Net Income Common Stockholders
144.81M	161.72M	65.54M	194.54M	-237.56M	94.49M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
186.32M	224.83M	204.66M	173.66M	396.75M	156.61M
	Total Assets
6.11B	6.10B	5.48B	5.10B	3.87B	3.29B
	Total Debt
2.23B	2.06B	2.14B	2.10B	1.30B	1.25B
	Net Debt
2.04B	1.88B	1.96B	1.92B	900.00M	1.10B
	Total Liabilities
3.61B	3.62B	3.56B	4.60B	2.75B	2.71B
	Stockholders Equity
1.34B	1.32B	847.99M	493.37M	581.60M	586.11M
Cash Flow		Free Cash Flow
-2.97M	260.92M	81.14M	-650.00K	231.03M	126.13M
	Operating Cash Flow
379.15M	326.01M	165.66M	67.03M	288.98M	166.48M
	Investing Cash Flow
-743.08M	-783.10M	-133.98M	-872.84M	-49.41M	-113.46M
	Financing Cash Flow
395.68M	452.21M	-7.81M	612.92M	18.60M	1.05M

Colliers International Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 173.35
• 50DMA: Positive
• 100DMA: Negative
• 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 Neutral. The current price of 173.35 is above the 20-day moving average (MA) of 170.89, above the 50-day MA of 166.35, and below the 200-day MA of 189.82, indicating a neutral trend. The MACD of 0.79 indicates Negative momentum. The RSI at 57.65 is Neutral, neither overbought nor oversold. The STOCH value of 86.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	69 Neutral	$8.75B	43.93	11.57%	0.24%	17.07%	42.36%
Sector *	61 Neutral	$2.83B	10.98	0.41%	8438.90%	5.81%	-21.06%
FSV		$8.02B	61.00	11.61%	0.58%	―	―
MEQ	77 Outperform	C$1.78B	7.26	15.90%	0.07%	16.22%	39.56%
AIF	66 Neutral	C$2.32B	178.14	2.13%	1.15%	-23.26%	-644.01%
SVI	63 Neutral	C$1.51B	―	-23.06%	0.28%	5.77%	-388.17%
BREUF		$103.20M	―		9.16%	―	―

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.