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Colliers International Group (CIGI) AI Stock Analysis
Colliers International Group
(TSX:CIGI)
The score is driven primarily by stable-to-constructive financial performance (positive cash flow and continued revenue growth) offset by notable margin compression and elevated/rising leverage. The latest earnings call was a meaningful positive, with reaffirmed guidance, strong segment momentum, backlog visibility, and a stated deleveraging plan. Technicals are moderately supportive, while valuation is the key constraint due to the high P/E and low dividend yield.
Colliers International Group (CIGI) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 4.81B
- Dividend Yield
- 0.31%
- Average Volume (3M)
- 116.69K
- Price to Earnings (P/E)
- 44.7
- Beta (1Y)
- 1.19
- Revenue Growth
- 14.17%
- EPS Growth
- -4.41%
- Country
- Canada
- Employees
- 23,660
- 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 presented strong top-line momentum and improved earnings quality across all three platforms (commercial real estate, engineering, and investment management) with notable fundraising progress, AUM growth, completed strategic acquisition (Ayesa), and a healthy engineering backlog. Near-term challenges include margin pressure in investment management due to platform-building costs, higher interest expense affecting EPS, localized outsourcing timing issues in Europe and Asia, and typical engineering seasonality. Management expects deleveraging through H2, continued fundraising acceleration, and margin recovery in 2027, leading to a positive near-to-medium-term outlook despite some short-term headwinds.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management reaffirmed Colliers' full-year 2026 outlook and gave specific forward-looking metrics: Q3 leasing is expected up mid-single-digits and capital markets about +15% YoY; investment management margins will be pressured in H2 but are expected to stabilize in the low-40% range in 2027; engineering entered Q3 with a 12-month backlog, year-to-date internal engineering growth of 5% and net revenue up 27% in Q2; Harrison Street AUM is $110 billion with revenues +17% and asset realizations returned $1.9 billion in Q2 ($3.0 billion YTD) while fundraising was $2.2 billion in Q2 (~$3.0 billion 6M) toward a $6–$9 billion 2026 target with acceleration expected in H2; the balance sheet finished Q2 at 2.8x leverage, management expects to delever to ~2.3x by year-end (long‑term target 1.5–2.0x) and may opportunistically repurchase stock (e.g., ~$100M would buy ~2.1% of the float).
Colliers International Group Financial Statement Overview
Summary
Revenue is still growing (TTM +3.2%) and the company remains profitable with positive free cash flow, including a sharp TTM FCF increase (+49%). However, profitability is under pressure (gross margin down to ~24% in TTM; net margin ~1.5%) and leverage has risen (debt-to-equity ~1.75x), which reduces financial flexibility and makes results more sensitive to a downturn.
Income Statement
62PositiveBalance Sheet
58NeutralCash Flow
66Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.92B | 5.66B | 4.82B | 4.34B | 4.46B | 4.09B |
| Gross Profit | 1.96B | 1.74B | 1.92B | 1.74B | 1.71B | 1.57B |
| EBITDA | 659.18M | 654.35M | 618.49M | 509.39M | 515.56M | 24.87M |
| Net Income | 108.43M | 104.90M | 161.72M | 65.54M | 194.54M | -237.56M |
Balance Sheet | ||||||
| Total Assets | 7.94B | 6.78B | 6.10B | 5.48B | 5.10B | 3.87B |
| Cash, Cash Equivalents and Short-Term Investments | 318.42M | 318.12M | 224.83M | 204.66M | 173.66M | 396.75M |
| Total Debt | 3.31B | 2.29B | 2.06B | 2.14B | 2.10B | 1.30B |
| Total Liabilities | 5.09B | 3.96B | 3.62B | 3.56B | 4.60B | 2.75B |
| Stockholders Equity | 1.54B | 1.53B | 1.32B | 847.99M | 493.37M | 581.60M |
Cash Flow | ||||||
| Free Cash Flow | 200.10M | 232.34M | 260.92M | 81.14M | -650.00K | 231.03M |
| Operating Cash Flow | 296.49M | 312.42M | 326.01M | 165.66M | 67.03M | 288.98M |
| Investing Cash Flow | -1.01B | -385.12M | -783.10M | -133.98M | -872.84M | -49.41M |
| Financing Cash Flow | 802.88M | 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 Positive. The current price of 135.29 is above the 20-day moving average (MA) of 128.19, above the 50-day MA of 131.61, and below the 200-day MA of 144.82, indicating a neutral trend. The MACD of 0.98 indicates Negative momentum. The RSI at 60.49 is Neutral, neither overbought nor oversold. The STOCH value of 83.96 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
Overall Rating
TSE:PKT70Outperform
TSE:AIF67Neutral
TSE:MEQ66Neutral
TSE:FSV65Neutral- TSE:CIGI62Neutral
TSE:SVI44Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:PKT | 70Outperform | CAD 106.40M | 7.88 | 8.51% | ― | -15.23% | 0.74% |
| TSE:AIF | 67Neutral | CAD 1.72B | -82.04 | -5.13% | 1.19% | -7.33% | 54.42% |
| TSE:MEQ | 66Neutral | CAD 1.59B | 9.21 | 9.49% | 0.18% | 5.14% | -43.08% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| TSE:FSV | 65Neutral | CAD 9.25B | 44.75 | 11.82% | 0.82% | 2.98% | 7.81% |
| TSE:CIGI | 62Neutral | CAD 6.91B | 44.74 | 7.23% | 0.31% | 14.17% | -4.41% |
| TSE:SVI | 44Neutral | CAD 1.47B | -34.93 | -50.22% | 0.30% | 8.75% | -1098.96% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:CIGI | Colliers International Group | 135.29 | -87.33 | -39.23% | |
| TSE:FSV | FirstService Corporation | 202.27 | -16.89 | -7.71% | |
| TSE:AIF | Altus Group Limited | 50.39 | -6.04 | -10.70% | |
| TSE:MEQ | Mainstreet Equity | 173.13 | -14.52 | -7.74% | |
| TSE:SVI | Storagevault Canada | 4.01 | -0.88 | -17.93% | |
| TSE:PKT | Parkit Enterprise | 7.73 | -0.22 | -2.77% |
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 01, 2026