QualityDipStocks / Finance · Real Estate
Colliers International Group CIGI
Outside our quality screen, so we don’t track its dips. It’s 35% below its 52-week high.
Outside our quality screen, trading near our fair value estimate.
Worth knowing
- Down 35% from its 52-week high while revenue grew 15%
From the data on this page, as of the last close. How we pick these
- Fair value est.
- $101.12−3%
- Market Value
- —
- Off 52-wk high
- −35%
- Risk vs market
- Below marketbeta 0.82
3 bullish · 5 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the low ($85.88, Oct 7) about 5%; today about 8%. The last 3 years delivered 8%/yr (revenue).
Dashed line: what the last 3 years delivered, 8%/yr (revenue)
| Low | Now | |
|---|---|---|
| Price | $85.88Oct 7 | $104.35 |
| Implied growth | +5% | +8% |
| P/E | 42.6× | 51.7× |
| P/FCF | 17.4× | 21.2× |
| EV/Sales | 1.0× | 1.2× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 7.6% ±2 points. Bear = 10.5% and 5.6%; bull = 8.5% and 9.6% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, CIGI’s free cash flow would need to grow about 8% a year for five years; our estimate uses 8%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much CIGI moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves a bit less than the market, and its own price swings are 3.0× the S&P 500’s.
- Beta vs S&P 500
- 0.82
- Volatility
- 38% vs 13% SPY
- Correlation SPY
- 0.28
- Correlation QQQ
- 0.09
How it ranks
Where CIGI stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 3 measures
- Discount to fair value estimate3% · price above our base caseTop 47%of 1,314
- Dividends + buybacks yield0.3% · cash paid out or used to retire shares, vs market capLowest 23%of 1,836
- Revenue growth, last 12 months+15% · vs the 12 months beforeTop 34%of 1,814
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $101.12
Assumes 7.6% growth for 5 years (revenue grew 7.6% a year FY22–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $4.92 a share (fiscal year to Dec 31, 2025), from the 40-F filed Feb 20, 2026. Net debt $1.4B, not deducted.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 3 of 5
GrowthSales grew 15% to $5.6B over the last 12 months vs the 12 months before (SEC filings).
ValuationFree-cash-flow yield of 4.7% (price / FCF 21.2×): $251M of free cash in the last 12 months.
ValuationEV/EBITDA of 10.7×, below the 15.8× median for the 28 Finance companies we cover.
Top bearish points 5 of 5
ValuationP/E of 51.7× vs a 13.6× median for the 291 Finance companies we cover.
GrowthDiluted EPS fell 37% to $2.02 in FY2025.
ProfitabilityReturn on equity is only 7% over the last 12 months.
QualityDoesn’t pass our quality screen: no positive free cash flow; ROE under 12% and ROIC under 10%; net debt 4.3× EBITDA (limit 3×).
RiskReports earnings Nov 4 (consensus EPS $1.78): results can move the price sharply and reset Market Value.
All fundamentals
P/E 51.7 · FCF yield 4.7% · ROE 7%
Valuation
- P/E
- 51.7×Finance median 13.6×
- Price / FCF
- 21.2×
- FCF yield
- 4.7%
- EV / EBITDA
- 10.7×
- Price / sales
- 0.96×
- Price / book
- 3.48×
- Market cap
- $5.3Bprice × diluted shares
- Enterprise value
- $6.7B
Growth
- Revenue, 12 months
- $5.6B
- Sales growth, 12 months
- +15.3%vs the 12 months before
- Sales growth, 3 yrs
- +7.6%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.02
- EPS growth, last FY
- −37.3%
- Net income, 12 months
- $103M
- Net income growth
- −36%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 6.7%
- Net margin
- 1.9%
- FCF margin
- 4.5%
- Return on equity
- 7%
- Return on invested capital
- 9%
Balance sheet
- Cash & short-term inv.
- $230M
- Total debt
- $1.6B
- Net cash
- −$1.4B
- Debt / equity
- 1.07×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $251M
- FCF growth, 12 months
- −4%
- Dividend yield
- 0.29%$15M paid
- Payout ratio
- 15%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $56M
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From Colliers International Group’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
Sales +17%
- Gross margin40%
- Operating margin8%
- Return on invested capital8%
- Return on equity8%
- Sales growth (latest quarter vs year-ago quarter)+17%
- Net debt / EBITDA4.3×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $104.35
- 52-wk lowlowest close, 1 year$85.88−17.7%
- Fair value est.base case$101.12−3.1%
- PriceMon Nov 2 close$104.35you are here
- 52-wk highhighest close, 1 year$159.53+52.9%
Momentum & 52-week range
RSI 73 · 5 days +12.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, before the open
- Consensus EPS$1.78
- Year-ago EPS$1.36
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
CIGI is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Colliers International Group in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Real Estate
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.