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Colliers International Group

Nasdaq:CIGI
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIGI
Nasdaq
CA$3B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Colliers International Group Inc. provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The last earnings update was 17 days ago. More info.


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CIGI Share Price and Events
7 Day Returns
1.5%
NasdaqGS:CIGI
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-19.9%
NasdaqGS:CIGI
-15.7%
US Real Estate
3%
US Market
CIGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Colliers International Group (CIGI) 1.5% -10.5% -10.1% -19.9% 61.3% 26.7%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • CIGI underperformed the Real Estate industry which returned -15.7% over the past year.
  • CIGI underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CIGI
Industry
5yr Volatility vs Market

Value

 Is Colliers International Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Colliers International Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Colliers International Group.

NasdaqGS:CIGI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CIGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 26.5%) (45.92%))
1.325
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.325 * 5.96%)
10.63%

Discounted Cash Flow Calculation for NasdaqGS:CIGI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Colliers International Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CIGI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.63%)
2019 172.00 Analyst x1 155.48
2020 227.95 Analyst x2 186.26
2021 242.46 Est @ 6.37% 179.08
2022 255.26 Est @ 5.28% 170.42
2023 266.77 Est @ 4.51% 161.00
2024 277.39 Est @ 3.98% 151.32
2025 287.38 Est @ 3.6% 141.71
2026 296.98 Est @ 3.34% 132.38
2027 306.36 Est @ 3.16% 123.44
2028 315.64 Est @ 3.03% 114.96
Present value of next 10 years cash flows $1,516.07
NasdaqGS:CIGI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $315.64 × (1 + 2.73%) ÷ (10.63% – 2.73%)
$4,105.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,105.83 ÷ (1 + 10.63%)10
$1,495.44
NasdaqGS:CIGI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,516.07 + $1,495.44
$3,011.50
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,011.50 / 39.48
$102.65
NasdaqGS:CIGI Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:CIGI)
1.346
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $76.27 x 1.346
CA$102.66
Non-primary Listing Adjustment Factor 1 share in NasdaqGS:CIGI represents 0.74306x of TSX:CIGI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74306x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 102.66 x 0.74306
$76.28
Value per share (USD) From above. $76.28
Current discount Discount to share price of $61.80
= -1 x ($61.80 - $76.28) / $76.28
19%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Colliers International Group is available for.
Intrinsic value
19%
Share price is $61.8 vs Future cash flow value of $76.28
Current Discount Checks
For Colliers International Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Colliers International Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Colliers International Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Colliers International Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Colliers International Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CIGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.40
TSX:CIGI Share Price ** TSX (2019-05-17) in CAD CA$83.17
TSX:CIGI Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $61.79
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Colliers International Group.

NasdaqGS:CIGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CIGI Share Price ÷ EPS (both in USD)

= 61.79 ÷ 2.40

25.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colliers International Group is overvalued based on earnings compared to the US Real Estate industry average.
  • Colliers International Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Colliers International Group's expected growth come at a high price?
Raw Data
NasdaqGS:CIGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
16.8%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:CIGI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.74x ÷ 16.8%

1.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colliers International Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Colliers International Group's assets?
Raw Data
NasdaqGS:CIGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.15
TSX:CIGI Share Price * TSX (2019-05-17) in CAD CA$83.17
TSX:CIGI Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $61.79
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:CIGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CIGI Share Price ÷ Book Value per Share (both in USD)

= 61.79 ÷ 10.15

6.09x

* Primary Listing of Colliers International Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colliers International Group is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Colliers International Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Colliers International Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Colliers International Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Colliers International Group expected to grow at an attractive rate?
  • Colliers International Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Colliers International Group's earnings growth is expected to exceed the United States of America market average.
  • Colliers International Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CIGI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CIGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 16.8%
NasdaqGS:CIGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.3%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CIGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CIGI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 3,283 293 131 6
2019-12-31 3,102 215 117 6
NasdaqGS:CIGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,908 231 94
2018-12-31 2,825 257 98
2018-09-30 2,540 213 75
2018-06-30 2,443 204 65
2018-03-31 2,521 214 55
2017-12-31 2,435 213 51
2017-09-30 2,247 176 63
2017-06-30 2,091 151 66
2017-03-31 1,987 118 77
2016-12-31 1,897 156 68
2016-09-30 1,877 152 59
2016-06-30 1,835 157 58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Colliers International Group's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • Colliers International Group's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CIGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Colliers International Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CIGI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.26 3.38 3.14 2.00
2019-12-31 2.94 3.11 2.76 2.00
NasdaqGS:CIGI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.40
2018-12-31 2.49
2018-09-30 1.93
2018-06-30 1.68
2018-03-31 1.41
2017-12-31 1.32
2017-09-30 1.63
2017-06-30 1.72
2017-03-31 1.98
2016-12-31 1.76
2016-09-30 1.54
2016-06-30 1.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Colliers International Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Colliers International Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Colliers International Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Colliers International Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Colliers International Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Colliers International Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Colliers International Group's 1-year earnings growth exceeds its 5-year average (71.3% vs 42.4%)
  • Colliers International Group's earnings growth has exceeded the US Real Estate industry average in the past year (71.3% vs -15.8%).
Earnings and Revenue History
Colliers International Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Colliers International Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CIGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,908.08 94.15 722.55
2018-12-31 2,825.43 97.66 705.80
2018-09-30 2,539.61 75.33 670.21
2018-06-30 2,442.69 65.41 649.21
2018-03-31 2,521.41 54.95 633.28
2017-12-31 2,435.20 51.36 614.04
2017-09-30 2,247.32 63.24 580.79
2017-06-30 2,090.58 66.47 555.14
2017-03-31 1,986.88 76.54 541.11
2016-12-31 1,896.72 67.97 522.30
2016-09-30 1,876.81 59.41 529.08
2016-06-30 1,835.04 57.57 515.97
2016-03-31 1,762.33 7.07 504.91
2015-12-31 1,721.99 22.24 502.48
2015-09-30 1,707.52 2.37 516.49
2015-06-30 1,659.82 4.18 521.68
2015-03-31 1,618.52 31.51 518.82
2014-12-31 1,582.27 19.51 509.85
2014-09-30 1,732.48 7.61 547.19
2014-06-30 1,962.94 1.26 583.83
2014-03-31 2,170.51 -3.85 616.86
2013-12-31 1,306.54 -24.47 429.57
2013-09-30 2,232.89 -14.06 610.16
2013-06-30 2,188.85 -15.95 602.52
2013-03-31 2,094.04 -2.19 593.77
2012-12-31 2,098.99 -3.08 592.40
2012-09-30 2,125.24 57.29 597.57
2012-06-30 2,151.67 61.14 608.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Colliers International Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Colliers International Group used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Colliers International Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Colliers International Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Colliers International Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Colliers International Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Colliers International Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Colliers International Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Colliers International Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Colliers International Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Colliers International Group Company Filings, last reported 1 month ago.

NasdaqGS:CIGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 750.00 1,120.36 117.35
2018-12-31 735.33 672.12 127.03
2018-09-30 678.53 820.53 114.74
2018-06-30 486.82 419.84 104.25
2018-03-31 473.66 436.52 111.65
2017-12-31 448.50 249.89 108.52
2017-09-30 390.54 371.90 109.82
2017-06-30 373.72 427.43 122.98
2017-03-31 344.35 404.99 97.70
2016-12-31 347.32 262.50 113.15
2016-09-30 317.59 335.77 108.91
2016-06-30 309.19 339.50 96.68
2016-03-31 298.68 348.90 107.47
2015-12-31 289.09 260.95 116.15
2015-09-30 243.62 320.04 98.17
2015-06-30 242.12 381.13 123.72
2015-03-31 430.97 555.70 120.70
2014-12-31 383.28 253.99 90.00
2014-09-30 461.29 478.81 130.01
2014-06-30 467.83 518.94 134.94
2014-03-31 454.36 485.51 119.40
2013-12-31 471.12 372.79 142.70
2013-09-30 450.30 467.48 167.12
2013-06-30 364.63 552.63 90.84
2013-03-31 405.83 506.60 87.56
2012-12-31 391.90 414.21 108.68
2012-09-30 386.92 433.65 84.32
2012-06-30 379.12 455.77 77.04
  • Colliers International Group's level of debt (149.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (106.9% vs 149.4% today).
  • Debt is well covered by operating cash flow (20.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.9x coverage).
X
Financial health checks
We assess Colliers International Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Colliers International Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Colliers International Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.16%
Current annual income from Colliers International Group dividends. Estimated to be 0.21% next year.
If you bought $2,000 of Colliers International Group shares you are expected to receive $3 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Colliers International Group's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Colliers International Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase Colliers International Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CIGI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CIGI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.14 1.00
2019-12-31 0.12 1.00
NasdaqGS:CIGI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-16 0.100 0.162
2018-12-06 0.100 0.159
2018-11-02 0.100 0.155
2018-10-30 0.100 0.148
2018-05-10 0.100 0.132
2017-12-07 0.100 0.156
2017-11-02 0.100 0.166
2017-10-31 0.100 0.169
2017-05-18 0.100 0.190
2016-12-08 0.100 0.232
2016-11-02 0.100 0.281
2016-10-28 0.100 0.281
2016-08-02 0.100 0.238
2016-07-26 0.100 0.247
2015-12-09 0.080 0.212
2015-11-03 0.080 0.177
2015-08-11 0.080 0.183
2015-08-05 0.080 0.172
2015-02-10 0.400 0.769
2014-12-11 0.400 0.771
2014-09-22 0.400 0.755
2014-05-15 0.400 0.764
2014-02-11 0.400 0.842
2013-12-12 0.400 0.963
2013-09-18 0.400 0.983
2013-04-03 0.400 1.199

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Colliers International Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Colliers International Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Colliers International Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Colliers International Group's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Colliers International Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Colliers International Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Colliers International Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Colliers International Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Colliers International Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Hennick
COMPENSATION $4,991,963
AGE 61
TENURE AS CEO 3.9 years
CEO Bio

Mr. Jay Steward Hennick was Founded Colliers International Group Inc. in 1989 and has been its Global Chairman and Chief Executive Officer since June 1, 2015 and June 17, 2015 respectively. Pre-Spin-off, Mr. Hennick was the CEO of Old FSV from 1988 to 2015. Mr. Hennick founded FirstService Corporation in 1988 and has been its Chairman since June 1, 2015. He serves as Executive Chairman and Chief Executive Officer at Colliers International Property Consultants, Inc. He serves as Executive Chairman at Colliers International (Washington). He serves as an Executive Chairman and Chief Executive Officer of Colliers International (Washington). Mr. Hennick served as the Chief Executive Officer of Colliers International Group Inc. since May 30, 1988 until June 1, 2015 and served as its President until October 12, 2005. He served as Treasurer of Mount Sinai Hospital. He served as the Chairman and President of FirstService Corporation until May 18, 2005 and October 12, 2005 respectively. He was a Partner with a large Toronto law firm Fogler, Rubinoff LLP since 1995. He founded endowments at The Mount Sinai Hospital in Toronto. Mr. Hennick served as Chairman of the Sinai Health System, in Toronto. He served as Chairman of Colliers International Group Inc until May 2005. Mr. Hennick served as Chairman of Mount Sinai Hospital (The Mount Sinai Hospital). Mr. Hennick serves as Vice Chairman of Mount Sinai Hospital. He has been a Non-Independent Director of FirstService Corporation June 1, 2015 and Colliers International Group Inc. since May 30, 1988. In 1998, Mr. Hennick was awarded Canada's Entrepreneur of the Year and in 2001, he was named Canada's Chief Executive Officer of the Year by Canadian Business Magazine. He co-established The Jay and Barbara Hennick Foundation which contributes to many charitable causes in health care and education: The Hennick Family Wellness Gallery at The Mount Sinai Hospital and The Everyone Gives Program one of the first global social giving campaigns, an initiative established by Colliers International. He is a Lawyer. In 2011, he received an honorary Doctorate of Laws from York University and the University of Ottawa in 2014. Mr. Hennick has endowed the Jay S. Hennick JD-MBA Program at the Faculty of Law and School of Management at the University of Ottawa Law School, his alma mater, and The Hennick Centre for Business and Law, a joint program of the Osgoode Hall Law School and the Schulich School of Business at York University. Mr. Hennick holds a Bachelor of Arts degree from York University in Toronto and a Doctorate of Laws from the University of Ottawa.

CEO Compensation
  • Jay's compensation has been consistent with company performance over the past year.
  • Jay's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Colliers International Group management team in years:

3.9
Average Tenure
49
Average Age
  • The tenure for the Colliers International Group management team is about average.
Management Team

Jay Hennick

TITLE
Founder
COMPENSATION
$5M
AGE
61
TENURE
3.9 yrs

John Friedrichsen

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
56
TENURE
3.9 yrs

Bob Hemming

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$1M
AGE
50
TENURE
11.3 yrs

Elias Mulamoottil

TITLE
Head of Strategic Investments & Corporate Development
COMPENSATION
$2M
AGE
48
TENURE
8.2 yrs

Dylan Taylor

TITLE
Chief Executive Officer of Colliers Real Estate Services
COMPENSATION
$3M
AGE
47
TENURE
0.3 yrs

Matt Hawkins

TITLE
VP, Legal Counsel & Corporate Secretary
AGE
35
TENURE
2.9 yrs

Charlotte Williams

TITLE
Head of PR

Becky Finley

TITLE
Senior Vice President of Brand & People
AGE
42
TENURE
1.3 yrs

Chris McLernon

TITLE
Chief Executive Officer of EMEA
AGE
53

David Bowden

TITLE
Chief Executive Officer of Canada
Board of Directors Tenure

Average tenure and age of the Colliers International Group board of directors in years:

3.9
Average Tenure
65
Average Age
  • The tenure for the Colliers International Group board of directors is about average.
Board of Directors

Peter Cohen

TITLE
Vice Chairman & Lead Director
COMPENSATION
$281K
AGE
65
TENURE
3.9 yrs

Jay Hennick

TITLE
Founder
COMPENSATION
$5M
AGE
61
TENURE
3.9 yrs

Jack Curtin

TITLE
Independent Director
COMPENSATION
$241K
AGE
67
TENURE
4.3 yrs

Fred Sutherland

TITLE
Director
COMPENSATION
$251K
AGE
66
TENURE
3.9 yrs

Stephen Harper

TITLE
Director
COMPENSATION
$238K
AGE
58
TENURE
2.7 yrs

Mike Harris

TITLE
Independent Director
COMPENSATION
$230K
AGE
73
TENURE
12.9 yrs

Katherine Lee

TITLE
Director
COMPENSATION
$231K
AGE
54
TENURE
3.9 yrs

Benjamin Stein

TITLE
Director
COMPENSATION
$230K
AGE
32
TENURE
1.7 yrs

Chris Galvin

TITLE
Director
COMPENSATION
$243K
AGE
67
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Colliers International Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Apr 19 Sell Dylan Taylor Individual 29. Mar 19 29. Mar 19 -29,000 $66.80 $-1,929,510
01. Apr 19 Sell Dylan Taylor Individual 28. Mar 19 28. Mar 19 -24,000 $66.25 $-1,587,335
29. Mar 19 Sell Dylan Taylor Individual 25. Mar 19 27. Mar 19 -93,842 $65.65 $-6,047,494
26. Mar 19 Sell Elias Mulamoottil Individual 26. Mar 19 26. Mar 19 -30,000 $64.18 $-1,925,457
25. Mar 19 Sell Dylan Taylor Individual 21. Mar 19 21. Mar 19 -4,148 $65.30 $-270,864
22. Mar 19 Sell Dylan Taylor Individual 18. Mar 19 20. Mar 19 -37,028 $65.60 $-2,409,742
15. Mar 19 Sell Dylan Taylor Individual 11. Mar 19 12. Mar 19 -35,132 $66.45 $-2,324,715
07. Mar 19 Sell Dylan Taylor Individual 06. Mar 19 06. Mar 19 -4,795 $67.50 $-323,663
06. Mar 19 Sell Stephen Harper Individual 05. Mar 19 05. Mar 19 -4,950 $68.47 $-338,424
06. Mar 19 Sell Dylan Taylor Individual 04. Mar 19 05. Mar 19 -17,147 $69.00 $-1,178,304
04. Mar 19 Sell Dylan Taylor Individual 01. Mar 19 01. Mar 19 -6,750 $69.00 $-465,750
24. Aug 18 Sell Christopher McLernon Individual 24. Aug 18 24. Aug 18 -4,990 $81.31 $-405,725
12. Jun 18 Buy Zachary Michaud Individual 12. Jun 18 12. Jun 18 1,000 $73.12 $73,124
02. Jul 18 Sell Christopher McLernon Individual 28. Jun 18 29. Jun 18 -4,990 $76.00 $-376,740
X
Management checks
We assess Colliers International Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Colliers International Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Colliers International Group Inc. provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services. It also provides outsourcing and advisory services that consist of property management and valuation services; and project management services, such as planning and advisory, development management, project and program management, and commissioning and energy services to academic, corporate, cultural and nonprofit, healthcare, hospitality, residential, and retail sectors, as well as federal, state, and municipal markets. In addition, the company offers capital market services comprising debt and equity finance, investment management, and valuation and appraisal services; property marketing services; and property research services. Further, it provides business and portfolio, supply chain and logistics, data center and digital, and workplace consulting services, as well as technology services. Additionally, the company offers services for various properties, including office, land, healthcare, industrial, retail, multi-family, hospitality, and special purpose properties. The company was founded in 1972 and is headquartered in Toronto, Canada.

Details
Name: Colliers International Group Inc.
CIGI
Exchange: NasdaqGS
Founded: 1972
CA$2,439,771,008
39,482,811
Website: http://www.colliers.com
Address: Colliers International Group Inc.
1140 Bay Street,
Suite 4000,
Toronto,
Ontario, M5S 2B4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CIGI Subordinate Voting Shares The Toronto Stock Exchange CA CAD 22. Jun 1993
NasdaqGS CIGI Subordinate Voting Shares Nasdaq Global Select US USD 22. Jun 1993
DB FSV Subordinate Voting Shares Deutsche Boerse AG DE EUR 22. Jun 1993
BST FSV Subordinate Voting Shares Boerse-Stuttgart DE EUR 22. Jun 1993
Number of employees
Current staff
Staff numbers
13,927
Colliers International Group employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:32
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.