NasdaqGS:COLM

Stock Analysis Report

Executive Summary

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Columbia Sportswear's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: COLM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.3%

COLM

-7.0%

US Luxury

-2.0%

US Market


1 Year Return

-37.0%

COLM

-26.9%

US Luxury

-15.1%

US Market

Return vs Industry: COLM underperformed the US Luxury industry which returned -26.7% over the past year.

Return vs Market: COLM underperformed the US Market which returned -14.9% over the past year.


Shareholder returns

COLMIndustryMarket
7 Day-3.3%-7.0%-2.0%
30 Day-20.3%-23.9%-19.7%
90 Day-35.3%-34.3%-23.2%
1 Year-36.4%-37.0%-25.5%-26.9%-13.4%-15.1%
3 Year16.5%12.7%17.5%12.0%10.9%3.7%
5 Year13.4%7.2%1.0%-6.0%28.4%14.4%

Price Volatility Vs. Market

How volatile is Columbia Sportswear's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Columbia Sportswear undervalued compared to its fair value and its price relative to the market?

34.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COLM ($65.52) is trading below our estimate of fair value ($100.56)

Significantly Below Fair Value: COLM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: COLM is poor value based on its PE Ratio (13.4x) compared to the Luxury industry average (9.9x).

PE vs Market: COLM is poor value based on its PE Ratio (13.4x) compared to the US market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: COLM is poor value based on its PEG Ratio (6.9x)


Price to Book Ratio

PB vs Industry: COLM is overvalued based on its PB Ratio (2.4x) compared to the US Luxury industry average (0.6x).


Next Steps

Future Growth

How is Columbia Sportswear forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLM's forecast earnings growth (1.9% per year) is above the savings rate (1.7%).

Earnings vs Market: COLM's earnings (1.9% per year) are forecast to grow slower than the US market (12.2% per year).

High Growth Earnings: COLM's earnings are forecast to grow, but not significantly.

Revenue vs Market: COLM's revenue (4.1% per year) is forecast to grow slower than the US market (7.1% per year).

High Growth Revenue: COLM's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COLM's Return on Equity is forecast to be low in 3 years time (19.1%).


Next Steps

Past Performance

How has Columbia Sportswear performed over the past 5 years?

15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COLM has high quality earnings.

Growing Profit Margin: COLM's current net profit margins (10.9%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: COLM's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: COLM's earnings growth over the past year (23.2%) exceeds its 5-year average (15.4% per year).

Earnings vs Industry: COLM earnings growth over the past year (23.2%) exceeded the Luxury industry 3.2%.


Return on Equity

High ROE: COLM's Return on Equity (17.9%) is considered low.


Next Steps

Financial Health

How is Columbia Sportswear's financial position?


Financial Position Analysis

Short Term Liabilities: COLM's short term assets ($1.9B) exceed its short term liabilities ($630.9M).

Long Term Liabilities: COLM's short term assets ($1.9B) exceed its long term liabilities ($451.2M).


Debt to Equity History and Analysis

Debt Level: COLM is debt free.

Reducing Debt: COLM has no debt compared to 5 years ago when its debt to equity ratio was 1.2%.

Debt Coverage: COLM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: COLM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: COLM has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if COLM's debt is covered by short term assets.


Next Steps

Dividend

What is Columbia Sportswear's current dividend yield, its reliability and sustainability?

1.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COLM's dividend (1.59%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.04%).

High Dividend: COLM's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (5.7%).


Stability and Growth of Payments

Stable Dividend: COLM's dividends per share have been stable in the past 10 years.

Growing Dividend: COLM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.7%), COLM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COLM's dividends in 3 years are forecast to be well covered by earnings (21.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Tim Boyle (69yo)

32.25s

Tenure

US$3,304,203

Compensation

Mr. Timothy P. Boyle, also known as Tim, serves as the Chairman of Columbia Sportswear Company since January 24, 2020. He has been the Chief Executive Officer of Columbia Sportswear Company since 1988 and  ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD3.30M) is below average for companies of similar size in the US market ($USD5.63M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Boyle
Chairman32.25yrsUS$3.30m36.07% $1.6b
Jim Swanson
Senior VP & CFO2.75yrsUS$1.18m0.0030% $132.0k
Thomas Cusick
Executive VP & COO2.75yrsUS$2.16m0.058% $2.6m
Franco Fogliato
Executive VP & Americas GM6.42yrsUS$1.66m0.015% $649.6k
Melissa Dugan
VP & Chief Accounting Officer2.33yrsno datano data
Michael Hirt
Senior VP & Chief Information Officer4.17yrsno datano data
Peter Bragdon
Executive VP5.17yrsUS$1.40m0.029% $1.3m
Andrew Burns
Director of Investor Relations & Competitive Intelligence1.83yrsno datano data
Mary Glynn
Director of Corporate Communications2yrsno datano data
Tom Miller
Vice President of Marketing Operations0.58yrno datano data

2.8yrs

Average Tenure

51yo

Average Age

Experienced Management: COLM's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Boyle
Chairman32.25yrsUS$3.30m36.07% $1.6b
Andy Bryant
Lead Independent Director0.25yrUS$238.63k0.055% $2.4m
Kevin Mansell
Independent Director1.08yrsno data0.00011% $4.9k
Walter Klenz
Independent Director20.25yrsUS$228.59k0.019% $825.4k
Murrey Albers
Independent Director26.75yrsUS$230.54k0.042% $1.9m
Sabrina Simmons
Independent Director1.5yrsUS$101.82k0.00072% $31.8k
Stephen Babson
Independent Director17.75yrsUS$252.00k0.24% $10.5m
Malia Wasson
Independent Director5.08yrsUS$238.37k0.0055% $241.1k
Ronald Nelson
Independent Director8.92yrsUS$231.17k0.017% $728.7k

5.1yrs

Average Tenure

69yo

Average Age

Experienced Board: COLM's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Columbia Sportswear Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Columbia Sportswear Company
  • Ticker: COLM
  • Exchange: NasdaqGS
  • Founded: 1938
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$4.416b
  • Shares outstanding: 67.40m
  • Website: https://www.columbia.com

Number of Employees


Location

  • Columbia Sportswear Company
  • 14375 Northwest Science Park Drive
  • Portland
  • Oregon
  • 97229
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COLMNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1998
CUWDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1998
CUWBRSE (Berne Stock Exchange)YesCommon StockCHCHFMar 1998

Biography

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel. It also offers footwear products that include lightweight hiking boots, trail running shoes, rugged cold weather boots for activities on snow and ice, sandals and shoes for use in water activities, and function-first fashion footwear and casual shoes for everyday use. The company sells its products under the Columbia, Mountain Hard Wear, SOREL, and prAna brand names through the company owned network of branded and outlet retail stores, brand-specific e-commerce sites, and concession-based arrangements with third-parties at branded outlet and shop-in-shop retail locations, as well as through independently operated specialty outdoor and sporting goods stores, sporting goods chains, department store chains, Internet retailers, and international distributors. As of December 31, 2019, it operated 143 retail stores. The company was founded in 1938 and is headquartered in Portland, Oregon. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 23:33
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.