Columbia Sportswear Co

Consumer Discretionary
Apparel
www.columbia.com

Earnings Score
Moat Score

Market Cap $5.22B
PE 24
Debt $NaN
Cash $306.68M
EV $NaN
FCF $482.53M

Earnings

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Sales & Net Margins

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Earnings	$214.06M
EBIT	$278.32M
ROE	12%
ROA	10%
FCF	$482.53M
Equity	$1.79B
Growth Stability	46%
PE	24.38
PEG	3.92
PB	2.92
P/FCF	10.82
P/S	1.57
Price/Cash	0.06
Net Margins	5%
Gross Margins	50%
Op. Margins	8%
Earnings CAGR	7%
Sales Growth YoY	-5%
Sales Growth QoQ	63%
Sales CAGR	5%
FCF CAGR	7%
Equity CAGR	3%
Earnings Stability	0.24
Earnings Growth YoY	-13%
Earnings Growth QoQ	-868%

Earnings CAGR 5Y	6%
Sales CAGR 5Y	7%
FCF CAGR 5Y	11%
Equity CAGR 5Y	1%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	72%
Equity CAGR 3Y	-0%
Market Cap	$5.22B
Revenue	$3.33B
Dividend Yield	1%
Payout Ratio	33%
Assets	$2.76B
Cash	$306.68M
Shares Outstanding	57.79M
Earnings Score	11%
Moat Score	88%
Working Capital	1.26B
Current Ratio	3.22
Gross Profit	$1.67B
Shares Growth 3y	-4%
Equity Growth QoQ	-2%
Equity Growth YoY	-6%

Assets & ROA

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Stockholders Equity & ROE

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Columbia Sportswear Co makes outdoor and active-lifestyle apparel, footwear, equipment, and accessories that it sells under four primary brands: Columbia, Sorel, Mountain Hardwear, and prAna. The majority of sales are in the United States, but the company also has significant sales in its three other geographic segments: Latin American and Asia-Pacific; Europe, Middle East, and Africa; and Canada. Most sales are through wholesale channels, including sporting goods and department stores, but the company also operates its own branded stores in each of its geographic segments. Columbia sources products from around the world and uses contract manufacturers outside the United States, predominantly in Asia, to manufacture its products.

SEC Filings

Direct access to Columbia Sportswear Co (COLM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Columbia Sportswear Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Columbia Sportswear Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 24%

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Columbia Sportswear Co Discounted Cash Flow

Fully customizable DCF calculator online for Columbia Sportswear Co.

Years

Calculation mode

= $7.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$483M	$517M	$554M	$594M	$637M	$683M	$732M	$785M	$841M	$902M	$967M	$9.7B
DCF		$470M	$458M	$447M	$435M	$424M	$413M	$403M	$393M	$383M	$373M	$3.7B
Value	$7.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	7%	7%	8%	4%	10%	11%	4%	11%	9%	7%	5%
ROA	-	14%	13%	12%	16%	14%	5%	15%	13%	11%	10%
ROE	-	12%	12%	6%	16%	18%	6%	18%	16%	13%	12%

Bad Net Margins (5.31%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	0	-0	-	-
Debt over Equity	-	-	-	-	-	-	-	0	0	-	-
Growth Stability	-	-	-	63%	100%	100%	46%	100%	100%	97%	46%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (46%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	11%	2%	4%	14%	9%	-18%	25%	11%	1%	7%
Earnings YoY growth	-	27%	10%	-45%	155%	23%	-67%	228%	-12%	-19%	6%
Equity YoY growth	-	4%	12%	4%	2%	9%	-1%	9%	-3%	0%	1%
FCF YoY growth	-	-80%	794%	28%	-22%	-28%	53%	29%	-126%	-795%	11%