Colliers International Group AI Stock Analysis
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Colliers International Group (CIGI) AI Stock Analysis
Colliers International Group
(TSX:CIGI)
The score is driven primarily by moderate financial fundamentals: strong multi-year revenue growth and positive cash generation are tempered by thinner current margins, uneven cash conversion, and elevated leverage. Technicals are neutral-to-slightly constructive but not strong versus the long-term trend. Valuation is the largest headwind due to a high P/E and minimal yield. The latest earnings call was a supportive offset, citing broad operating momentum, strong free cash flow, and expected deleveraging despite a more cautious growth outlook.
Colliers International Group (CIGI) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 4.48B
- Dividend Yield
- 0.33%
- Average Volume (3M)
- 126.16K
- Price to Earnings (P/E)
- 61.2
- Beta (1Y)
- 1.19
- Revenue Growth
- 11.72%
- EPS Growth
- -38.08%
- Country
- Canada
- Employees
- 28,000
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Services
Colliers International Group Business Overview & Revenue Model
Company Description
Colliers International Group Inc. (CIGI.TO) is a global professional services firm specializing in commercial real estate and investment management. They cater to a diverse clientele of corporate and institutional organizations across the Americas, E...
How the Company Makes Money
Colliers primarily makes money by charging fees for services delivered to property owners, occupiers (tenants), investors, and developers, along with fee-based earnings from its investment management operations. 1) Advisory & Transaction Services (co...
Colliers International Group Earnings Call Summary
The call was predominantly positive, supported by strong third-quarter revenue, EBITDA, and EPS growth; growth across all three segments; record acquisition activity; strong engineering backlog; continued fundraising and asset realizations; improved leverage; and substantial free cash flow. The principal challenges were a more cautious outlook, slower capital markets activity caused by geopolitical and interest rate volatility, delayed investment management fee revenue, and temporarily lower investment management margins. Overall, the breadth of operational progress and strategic momentum significantly outweighed the stated challenges.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For full-year 2026, Colliers now expects “low-teens growth in each of our key metrics compared to mid-teens growth previously,” with “margin expectations for each segment” unchanged; investment management fundraising is expected to finish the year within the “range of $6 billion to $9 billion,” margins are expected to “stabilize in the 40% range through 2027,” and the company expects to sell “over $5 billion” of assets in 2026 and finish the year at or under 2.5x leverage. Fourth-quarter capital markets revenue “will still grow, it just will not grow as much as we expected,” engineering organic growth was 4% in the third quarter, is “trending in the mid single digits,” and is expected to continue in the coming quarters, while acquisitions made during 2026 are expected to add “about 5% revenue and about 7% to our EBITDA in 2027” as they annualize.
Colliers International Group Financial Statement Overview
Summary
Multi-year revenue growth remains solid and the business is profitable with positive operating and free cash flow in the latest TTM. Offsetting this, profitability has stepped down materially versus 2022–2024 (net margin ~1.2% TTM) and leverage is meaningfully higher (debt-to-equity ~2.0x), increasing sensitivity if conditions soften. Cash generation is positive but conversion has been uneven, which limits the score.
Income Statement
62PositiveBalance Sheet
55NeutralCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.09B | 5.66B | 4.82B | 4.34B | 4.46B | 4.09B |
| Gross Profit | 2.02B | 1.74B | 1.92B | 1.74B | 1.71B | 1.57B |
| EBITDA | 671.78M | 654.35M | 618.49M | 509.39M | 515.56M | 24.87M |
| Net Income | 73.16M | 104.90M | 161.72M | 65.54M | 194.54M | -237.56M |
Balance Sheet | ||||||
| Total Assets | 7.95B | 6.78B | 6.10B | 5.48B | 5.10B | 3.87B |
| Cash, Cash Equivalents and Short-Term Investments | 239.26M | 318.12M | 224.83M | 204.66M | 173.66M | 396.75M |
| Total Debt | 3.15B | 2.29B | 2.06B | 2.14B | 2.10B | 1.30B |
| Total Liabilities | 5.06B | 3.96B | 3.62B | 3.56B | 4.60B | 2.75B |
| Stockholders Equity | 1.56B | 1.53B | 1.32B | 847.99M | 493.37M | 581.60M |
Cash Flow | ||||||
| Free Cash Flow | 224.15M | 232.34M | 260.92M | 81.14M | -650.00K | 231.03M |
| Operating Cash Flow | 337.95M | 312.42M | 326.01M | 165.66M | 67.03M | 288.98M |
| Investing Cash Flow | -822.92M | -385.12M | -783.10M | -133.98M | -872.84M | -49.41M |
| Financing Cash Flow | 574.83M | 143.49M | 452.21M | -7.81M | 612.92M | 18.60M |
Colliers International Group Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CIGI, the sentiment is Negative. The current price of 128.49 is below the 20-day moving average (MA) of 133.15, below the 50-day MA of 129.94, and below the 200-day MA of 141.78, indicating a bearish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 44.82 is Neutral, neither overbought nor oversold. The STOCH value of 6.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CIGI.
Colliers International Group Peers Comparison
Overall Rating
TSE:MEQ66Neutral
TSE:PKT62Neutral
TSE:AIF59Neutral- TSE:CIGI58Neutral
TSE:FSV57Neutral
TSE:SVI44Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:MEQ | 66Neutral | CAD 1.63B | 9.51 | 9.49% | 0.18% | 5.14% | -43.08% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| TSE:PKT | 62Neutral | CAD 109.98M | 10.14 | 6.61% | ― | -10.18% | -36.55% |
| TSE:AIF | 59Neutral | CAD 1.71B | -61.33 | -8.86% | 1.20% | -11.29% | 70.16% |
| TSE:CIGI | 58Neutral | CAD 6.46B | 61.23 | 4.84% | 0.33% | 11.72% | -38.08% |
| TSE:FSV | 57Neutral | CAD 9.19B | 47.66 | 11.82% | 0.76% | 2.98% | 7.81% |
| TSE:SVI | 44Neutral | CAD 1.51B | -36.24 | -50.22% | 0.29% | 8.75% | -1098.96% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:CIGI | Colliers International Group | 128.49 | -66.74 | -34.18% | |
| TSE:FSV | FirstService Corporation | 219.88 | 9.91 | 4.72% | |
| TSE:AIF | Altus Group Limited | 50.00 | 0.65 | 1.32% | |
| TSE:MEQ | Mainstreet Equity | 178.92 | -3.75 | -2.05% | |
| TSE:SVI | Storagevault Canada | 4.16 | -0.55 | -11.62% | |
| TSE:PKT | Parkit Enterprise | 7.80 | -0.45 | -5.45% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 06, 2026