TSX:CIGIReal Estate
Colliers (TSX:CIGI) Stock Rich Valuation Meets Thin Margins
Colliers International Group stock came into this earnings print looking fully priced, with a P/E far above its real estate peers and only modest short term share gains over the past month. That set the stage for a sentiment test rather than a surprise party.
The headline is margin grind against growth optimism. Q2 delivered about US$1.6b in revenue and a return to positive earnings per share, yet the trailing net profit margin sits at only 1.8%. For a company valued at roughly 46.6x...