Colliers International Group Stock Beneish M Score

CIGI Stock  USD 147.40  1.42  0.95%   
This module uses fundamental data of Colliers International to approximate the value of its Beneish M Score. Colliers International M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Colliers International Piotroski F Score and Colliers International Altman Z Score analysis.
  
As of now, Colliers International's Long Term Debt is increasing as compared to previous years. The Colliers International's current Short and Long Term Debt is estimated to increase to about 179.1 M, while Long Term Debt Total is projected to decrease to under 449.5 M. As of now, Colliers International's Free Cash Flow Yield is increasing as compared to previous years. The Colliers International's current PB Ratio is estimated to increase to 7.17, while Dividend Yield is projected to decrease to 0.
At this time, it appears that Colliers International is an unlikely manipulator. The earnings manipulation may begin if Colliers International's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Colliers International executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Colliers International's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.32
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

0.99

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

0.79

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

Colliers International Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Colliers International's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables944.2 M899.2 M
Sufficiently Up
Slightly volatile
Total Revenue4.6 B4.4 B
Sufficiently Up
Slightly volatile
Total Assets5.7 B5.5 B
Sufficiently Up
Slightly volatile
Total Current Assets1.5 B1.5 B
Sufficiently Up
Slightly volatile
Non Current Assets Total4.2 BB
Sufficiently Up
Slightly volatile
Property Plant Equipment611.1 M582 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization4.3 B4.1 B
Sufficiently Up
Slightly volatile
Selling General Administrative1.2 B1.2 B
Sufficiently Up
Slightly volatile
Total Current Liabilities1.5 B1.4 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.2 B2.1 B
Sufficiently Up
Slightly volatile
Net DebtB1.9 B
Sufficiently Up
Slightly volatile
Short Term Debt272.1 M259.2 M
Sufficiently Up
Slightly volatile
Long Term Debt1.6 B1.5 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities99.1 M168.7 M
Way Down
Slightly volatile
Short Term Investments13 M23.5 M
Way Down
Slightly volatile
Gross Profit Margin0.280.3543
Significantly Down
Slightly volatile

Colliers International Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Colliers International's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Colliers International in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Colliers International's degree of accounting gimmicks and manipulations.

About Colliers International Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation And Amortization

4.26 Billion

As of now, Colliers International's Depreciation And Amortization is increasing as compared to previous years.

Colliers International Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Colliers International. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Net Receivables436.7M665.5M748.4M699.4M899.2M944.2M
Total Revenue3.0B2.8B4.1B4.5B4.4B4.6B
Total Assets2.9B3.3B3.9B5.1B5.5B5.7B
Total Current Assets718.1M1.0B1.5B1.2B1.5B1.5B
Net Debt795.5M1.1B900.0M1.9B1.9B2.0B
Short Term Debt74.1M306.0M245.3M110.6M259.2M272.1M
Long Term Debt607.2M694.8M754.8M1.7B1.5B1.6B
Operating Income218.2M164.6M(59.2M)332.5M356.7M374.6M
Investments(218.3M)(113.5M)(49.4M)(872.8M)(546.9M)(519.5M)

Colliers International ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Colliers International's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Colliers International's managers, analysts, and investors.
Environmental
Governance
Social

About Colliers International Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Colliers International Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Colliers International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Colliers International Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Information and Resources on Investing in Colliers Stock

When determining whether Colliers International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Colliers International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Colliers International Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Colliers International Group Stock:
Check out Colliers International Piotroski F Score and Colliers International Altman Z Score analysis.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Colliers International. If investors know Colliers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Colliers International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.996
Dividend Share
0.3
Earnings Share
3.01
Revenue Per Share
91.705
Quarterly Revenue Growth
0.057
The market value of Colliers International is measured differently than its book value, which is the value of Colliers that is recorded on the company's balance sheet. Investors also form their own opinion of Colliers International's value that differs from its market value or its book value, called intrinsic value, which is Colliers International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Colliers International's market value can be influenced by many factors that don't directly affect Colliers International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Colliers International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Colliers International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Colliers International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.