Columbia Sportswear Co
COLM
Apparel & Other Finishd Prods of Fabrics & Similar Matl
Mkt Cap
$4.964BPE
20.06Debt
-Cash
$418.5MEV
-FCF
$609.7MP/E Ratio
20.06Debt
-Cash
$418.5MEV
-FCF
$609.7MCharts data: {"Earnings":[{"time":"2014-12-30","value":137173000},{"time":"2015-12-30","value":174337000},{"time":"2016-12-30","value":191898000},{"time":"2017-12-30","value":105123000},{"time":"2018-12-30","value":268256000},{"time":"2019-12-30","value":330489000},{"time":"2020-12-30","value":108013000},{"time":"2021-12-30","value":354108000},{"time":"2022-12-30","value":311440000},{"time":"2023-12-30","value":251400000}],"Sales":[{"time":"2014-12-30","value":2100590000},{"time":"2015-12-30","value":2326180000},{"time":"2016-12-30","value":2377045000},{"time":"2017-12-30","value":2466105000},{"time":"2018-12-30","value":2802326000},{"time":"2019-12-30","value":3042478000},{"time":"2020-12-30","value":2501554000},{"time":"2021-12-30","value":3126402000},{"time":"2022-12-30","value":3464152000},{"time":"2023-12-30","value":3487203000}],"Net Margins":[{"time":"2014-12-30","value":0.06530212940173952},{"time":"2015-12-30","value":0.07494561899767},{"time":"2016-12-30","value":0.08072964542110057},{"time":"2017-12-30","value":0.042627138747133635},{"time":"2018-12-30","value":0.0957261931695313},{"time":"2019-12-30","value":0.10862494322062477},{"time":"2020-12-30","value":0.043178360331218114},{"time":"2021-12-30","value":0.1132637453532847},{"time":"2022-12-30","value":0.08990367628210309},{"time":"2023-12-30","value":0.07209216096682643}],"Assets":[{"time":"2014-12-30","value":1792209000},{"time":"2015-12-30","value":1846153000},{"time":"2016-12-30","value":2013894000},{"time":"2017-12-30","value":2212902000},{"time":"2018-12-30","value":2368721000},{"time":"2019-12-30","value":2931591000},{"time":"2020-12-30","value":2836571000},{"time":"2021-12-30","value":3067128000},{"time":"2022-12-30","value":3051546000},{"time":"2023-12-30","value":2939013000}],"Stockholders Equity":[{"time":"2014-12-30","value":1355234000},{"time":"2015-12-30","value":1415813000},{"time":"2016-12-30","value":1581511000},{"time":"2017-12-30","value":1652259000},{"time":"2018-12-30","value":1690313000},{"time":"2019-12-30","value":1849447000},{"time":"2020-12-30","value":1832771000},{"time":"2021-12-30","value":1989252000},{"time":"2022-12-30","value":1935789000},{"time":"2023-12-30","value":1938610000}],"ROE":[{"time":"2014-12-30","value":0.10121720677019615},{"time":"2015-12-30","value":0.12313561183574384},{"time":"2016-12-30","value":0.12133839094385053},{"time":"2017-12-30","value":0.06362380232154886},{"time":"2018-12-30","value":0.1587019682153542},{"time":"2019-12-30","value":0.17869611835321586},{"time":"2020-12-30","value":0.05893425856258092},{"time":"2021-12-30","value":0.17801062912089569},{"time":"2022-12-30","value":0.16088530309863316},{"time":"2023-12-30","value":0.1296805443075193}],"ROA":[{"time":"2014-12-30","value":0.1113290916405397},{"time":"2015-12-30","value":0.13526560366340168},{"time":"2016-12-30","value":0.12855741166118972},{"time":"2017-12-30","value":0.12257614661652437},{"time":"2018-12-30","value":0.15645278612381958},{"time":"2019-12-30","value":0.1411284862042488},{"time":"2020-12-30","value":0.049340559428972516},{"time":"2021-12-30","value":0.14720970236651357},{"time":"2022-12-30","value":0.1302323478000987},{"time":"2023-12-30","value":0.11098691975843591}]}
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 for mountaineering, climbing, skiing and snowboarding, trail, and camp enthusiasts. 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 lifestyle wear. The company sells its products under the Columbia, Mountain Hardwear, 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. The company was founded in 1938 and is headquartered in Portland, Oregon.
DCF
Discounted Cash Flow Valuation of Columbia Sportswear Co
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $609.7M | $673.2M | $739.2M | $807.2M | $876.7M | $946.8M | $1.017B | $1.086B | $1.153B | $1.218B | $1.279B | $12.79B |
| DCF | $585.4M | $558.9M | $530.8M | $501.2M | $470.7M | $439.6M | $408.3M | $377.1M | $346.2M | $316.1M | $3.161B | |
| Value | $7.696B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 8.2%
Earnings Stability 32%
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 7.5% | 8.1% | 4.3% | 9.6% | 11% | 4.3% | 11% | 9% | 7.2% | 7.2% |
| ROA | 14% | 13% | 12% | 16% | 14% | 4.9% | 15% | 13% | 11% | 12% |
| ROE | 12% | 12% | 6.4% | 16% | 18% | 5.9% | 18% | 16% | 13% | 13% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +8.71%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.3%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +12.26%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.46%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +14.42%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -0.23%.
Safety & Stabiliy
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | - | 0.00 | 0.00 | - | - |
| Debt Equity | - | - | - | - | - | - | 0.00 | 0.00 | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | 63% | 100% | 100% | 46% | 100% | 100% | 97% | 46% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.00.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.46.
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 | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 5.6% | 4.5% | 12% | 0.67% | -0.057% |
| Net Income | 3.9% | -1.3% | 33% | -19% | 1.2% |
| Stockholders Equity | 3% | 2.8% | 1.9% | 0.15% | -0.93% |
| FCF | 15% | 21% | 33% | - | -43% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +4.47%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -0.06%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -1.29%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +1.2%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +2.78%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -0.93%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +21.03%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -43.23%.