Estimating The Fair Value Of Colliers International Group Inc. (TSE:CIGI)
Feb 19
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Canadian (TSX) Real Estate Sector Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies73
- 7D-0.08%
- 3M-5.4%
- 1Y-0.6%
- YTD-1.0%
The Real Estate industry has been flat over the last week, but Colliers International Group has lost 3.1%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Canadian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | CA$99.1b | CA$33.7b | CA$3.3b | 13.9x | 30.3x | 2.9x |
| Sun, 19 Jan 2025 | CA$98.1b | CA$33.0b | CA$892.7m | 13.6x | 109.9x | 3x |
| Tue, 17 Dec 2024 | CA$102.8b | CA$32.8b | CA$891.4m | 13.8x | 115.3x | 3.1x |
| Thu, 14 Nov 2024 | CA$99.3b | CA$32.6b | CA$1.1b | 14.5x | 87.9x | 3x |
| Sat, 12 Oct 2024 | CA$101.6b | CA$31.8b | CA$1.6b | 9.1x | 61.9x | 3.2x |
| Mon, 09 Sep 2024 | CA$99.9b | CA$31.6b | CA$1.6b | 8.8x | 60.9x | 3.2x |
| Wed, 07 Aug 2024 | CA$94.8b | CA$31.5b | CA$1.7b | 10x | 54.5x | 3x |
| Fri, 05 Jul 2024 | CA$89.3b | CA$31.2b | CA$1.8b | 9x | 49.6x | 2.9x |
| Sun, 02 Jun 2024 | CA$88.1b | CA$31.2b | CA$1.8b | 9.4x | 50x | 2.8x |
| Tue, 30 Apr 2024 | CA$93.4b | CA$32.1b | CA$956.5m | 11.8x | 97.7x | 2.9x |
| Thu, 28 Mar 2024 | CA$98.9b | CA$31.8b | CA$1.1b | 11.1x | 86.5x | 3.1x |
| Sat, 24 Feb 2024 | CA$98.6b | CA$31.6b | CA$1.2b | 10.5x | 83.1x | 3.1x |
| Mon, 22 Jan 2024 | CA$102.6b | CA$31.6b | CA$1.6b | 9.9x | 62.9x | 3.2x |
| Wed, 20 Dec 2023 | CA$100.8b | CA$31.5b | CA$1.7b | 9.5x | 59.9x | 3.2x |
| Fri, 17 Nov 2023 | CA$93.6b | CA$31.9b | CA$1.8b | 9x | 51.1x | 2.9x |
| Sun, 15 Oct 2023 | CA$92.5b | CA$31.1b | CA$3.3b | 9.5x | 28.3x | 3x |
| Tue, 12 Sep 2023 | CA$100.4b | CA$31.1b | CA$3.3b | 9.1x | 30.8x | 3.2x |
| Thu, 10 Aug 2023 | CA$101.5b | CA$31.3b | CA$4.0b | 8.5x | 25.5x | 3.2x |
| Sat, 08 Jul 2023 | CA$100.2b | CA$31.2b | CA$4.3b | 6.9x | 23.3x | 3.2x |
| Mon, 05 Jun 2023 | CA$107.1b | CA$31.4b | CA$4.3b | 6.9x | 24.6x | 3.4x |
| Wed, 03 May 2023 | CA$108.2b | CA$31.3b | CA$7.9b | 7.2x | 13.6x | 3.5x |
| Fri, 31 Mar 2023 | CA$109.1b | CA$31.1b | CA$8.5b | 6.4x | 12.8x | 3.5x |
| Sun, 26 Feb 2023 | CA$116.2b | CA$31.0b | CA$10.8b | 6.2x | 10.7x | 3.7x |
| Tue, 24 Jan 2023 | CA$115.0b | CA$31.1b | CA$13.8b | 6.1x | 8.3x | 3.7x |
| Thu, 22 Dec 2022 | CA$106.1b | CA$31.4b | CA$13.8b | 5.7x | 7.7x | 3.4x |
| Sat, 19 Nov 2022 | CA$107.2b | CA$31.0b | CA$13.7b | 5.6x | 7.8x | 3.5x |
| Mon, 17 Oct 2022 | CA$98.9b | CA$30.9b | CA$15.9b | 4.8x | 6.2x | 3.2x |
| Wed, 14 Sep 2022 | CA$112.9b | CA$30.0b | CA$15.8b | 5.2x | 7.2x | 3.8x |
| Fri, 12 Aug 2022 | CA$117.1b | CA$29.7b | CA$15.8b | 5.7x | 7.4x | 3.9x |
| Sun, 10 Jul 2022 | CA$109.9b | CA$29.0b | CA$16.1b | 5.6x | 6.8x | 3.8x |
| Tue, 07 Jun 2022 | CA$118.4b | CA$28.7b | CA$16.1b | 6.1x | 7.4x | 4.1x |
| Thu, 05 May 2022 | CA$121.0b | CA$28.5b | CA$13.4b | 7.8x | 9x | 4.2x |
| Sat, 02 Apr 2022 | CA$134.6b | CA$28.5b | CA$12.6b | 8.6x | 10.7x | 4.7x |
| Mon, 28 Feb 2022 | CA$131.4b | CA$28.6b | CA$11.9b | 8.8x | 11.1x | 4.6x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are pessimistic on the Canadian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.3x which is lower than its 3-year average PE of 41.1x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 35% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate sector?
| CA Market | -0.52% | |
| Real Estate | -0.079% | |
| Health Care REITs | 8.03% | |
| REITS | 2.92% | |
| Retail REITs | 1.27% | |
| Office REITs | 0.83% | |
| Industrial REITs | 0.51% | |
| Specialized REITs | -1.15% | |
| Real Estate | -1.30% | |
| Residential REITs | -2.10% | |
| Hotel and Resort REITs | -2.39% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 41.1x.
- Analysts are expecting annual earnings growth of 17.9%, which is lower than the prior year's growth of 24.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 111% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 8.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REI.UN RioCan Real Estate Investment Trust | CA$19.41 | 2.9% +CA$163.5m | 4.6% | PB0.8x | |
| HR.UN H&R Real Estate Investment Trust | CA$10.17 | 4.4% +CA$112.9m | 8.2% | PB0.5x | |
| NWH.UN NorthWest Healthcare Properties Real Estate Investment Trust | CA$4.98 | 8.0% +CA$91.7m | 12.4% | PB0.8x | |
| SRU.UN SmartCentres Real Estate Investment Trust | CA$25.85 | 2.2% +CA$81.0m | 7.5% | PB0.7x | |
| PMZ.UN Primaris Real Estate Investment Trust | CA$15.27 | 3.8% +CA$57.7m | 10.9% | PB0.7x |
