Colliers International Group (CIGI) AI Stock Analysis

• Market Cap: $8.51B
• Dividend Yield: 0.25%
• Average Volume (3M): 51.48K
• Price to Earnings (P/E): 38.1
• Beta (1Y): 1.15
• Revenue Growth: 17.07%
• EPS Growth: 42.36%
• Country: CA
• Employees: 22,940
• Sector: Real Estate
• Sector Strength: 79
• Industry: Real Estate - Services
• EPS (TTM): 1.20
• Shares Outstanding: 49,297,832
• 10 Day Avg. Volume: 37,052
• 30 Day Avg. Volume: 51,482
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 7.39
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $216.48
• Price Target Upside: 32.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

Colliers International demonstrates strong financial performance with notable revenue growth and improved profitability. However, the stock shows technical weaknesses with declining momentum, and the high P/E ratio suggests overvaluation. The positive earnings call highlights growth potential, although leasing revenue and market uncertainties pose challenges. Overall, Colliers is on a growth path but faces valuation and technical hurdles.

Positive Factors

Business Expansion

Colliers' recent expansion into engineering is viewed positively as it provides differentiation relative to its CRE services peers.

Financial Performance

Colliers reported solid first-quarter results and maintained its outlook for 2025.

Negative Factors

Earnings Outlook

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

Revenue Decline

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

Valuation Concerns

CIGI's valuation seems fair at this level and might limit its relative upside.

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 exhibits strong revenue growth and improving profitability metrics, reflecting robust operational performance. The balance sheet shows moderate leverage with improved equity levels, though debt remains a concern. Cash flow statements highlight strong operating cash generation but also signal pressures from capital expenditures. Overall, the company is on a positive trajectory but should manage its debt and capital expenditure levels to sustain growth.

Income Statement

Colliers International has shown strong revenue growth with a rate of 11.23% from 2023 to 2024. The gross profit margin is healthy at 39.85%, indicating efficient cost management. Notably, the net profit margin also improved significantly to 3.35%, reflecting enhanced profitability. The EBIT and EBITDA margins have increased to 8.07% and 12.83%, respectively, showcasing improved operational efficiency. However, the company had a negative net income in 2021, which may indicate past volatility.

Balance Sheet

The balance sheet reveals a debt-to-equity ratio of 1.55, showing a moderate leverage level. The return on equity (ROE) has improved to 12.21%, indicating effective use of equity. The equity ratio stands at 21.72%, suggesting moderate reliance on equity financing. While equity has strengthened, the company maintains significant debt, posing a potential risk in adverse economic conditions.

Cash Flow

Operating cash flow has seen substantial growth, but free cash flow has turned negative in 2024, primarily due to high capital expenditures. The operating cash flow to net income ratio is favorable at 2.02, demonstrating effective cash generation relative to net earnings. However, the negative free cash flow to net income ratio indicates challenges in converting earnings to free cash.

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
	EBIT
389.21M	300.94M	332.50M	-59.22M	164.58M
	EBITDA
618.49M	509.39M	613.89M	24.87M	302.56M
	Net Income Common Stockholders
161.72M	65.54M	194.54M	-237.56M	94.49M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
224.83M	204.66M	173.66M	396.75M	156.61M
	Total Assets
6.10B	5.48B	5.10B	3.87B	3.29B
	Total Debt
2.06B	2.14B	2.10B	1.30B	1.25B
	Net Debt
1.88B	1.96B	1.92B	900.00M	1.10B
	Total Liabilities
3.62B	3.56B	4.60B	3.29B	2.71B
	Stockholders Equity
1.32B	847.99M	493.37M	585.27M	586.11M
Cash Flow		Free Cash Flow
-58.33M	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: Negative
• Last Price: 163.22
• 50DMA: Negative
• 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 Negative. The current price of 163.22 is above the 20-day moving average (MA) of 160.06, below the 50-day MA of 170.35, and below the 200-day MA of 191.66, indicating a neutral trend. The MACD of -1.15 indicates Negative momentum. The RSI at 55.33 is Neutral, neither overbought nor oversold. The STOCH value of 92.05 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MEQ	79 Outperform	C$1.82B	9.69	12.66%	0.07%	18.02%	15.10%
CIGI	70 Neutral	$8.51B	38.09	11.57%	0.25%	17.07%	42.36%
AIF	65 Neutral	C$2.38B	176.09	3.63%	1.16%	-13.29%	29.94%
Sector *	60 Neutral	$2.82B	11.31	0.21%	8508.30%	6.32%	-13.73%
SVI	57 Neutral	C$1.41B	―	-23.06%	0.30%	5.77%	-388.17%

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.