FIRSTSERVICE CORP (FSV) Stock Fundamental Analysis
NASDAQ:FSV - Nasdaq - CA33767E2024 - Common Stock - Currency: USD
Overall FSV gets a fundamental rating of 5 out of 10. We evaluated FSV against 65 industry peers in the Real Estate Management & Development industry. While FSV belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FSV has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FSV was profitable.
In the past year FSV had a positive cash flow from operations.
In the past 5 years FSV has always been profitable.
FSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 3.09%, FSV belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
With an excellent Return On Equity value of 10.85%, FSV belongs to the best of the industry, outperforming 93.85% of the companies in the same industry.
The Return On Invested Capital of FSV (7.09%) is better than 90.77% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FSV is in line with the industry average of 5.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 10.85% | ||
| ROIC | 7.09% |
ROA(3y)3.45%
ROA(5y)3.94%
ROE(3y)11.49%
ROE(5y)12.92%
ROIC(3y)7.12%
ROIC(5y)7.44%
1.3 Margins
FSV has a better Profit Margin (2.46%) than 69.23% of its industry peers.
FSV's Profit Margin has declined in the last couple of years.
The Operating Margin of FSV (6.31%) is better than 70.77% of its industry peers.
FSV's Operating Margin has been stable in the last couple of years.
FSV has a better Gross Margin (33.11%) than 61.54% of its industry peers.
In the last couple of years the Gross Margin of FSV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.31% | ||
| PM (TTM) | 2.46% | ||
| GM | 33.11% |
OM growth 3Y-1.98%
OM growth 5Y0.22%
PM growth 3Y-14.78%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y0.5%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FSV is destroying value.
Compared to 1 year ago, FSV has more shares outstanding
Compared to 5 years ago, FSV has more shares outstanding
The debt/assets ratio for FSV has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.36 indicates that FSV is not in any danger for bankruptcy at the moment.
FSV's Altman-Z score of 3.36 is fine compared to the rest of the industry. FSV outperforms 78.46% of its industry peers.
FSV has a debt to FCF ratio of 5.99. This is a neutral value as FSV would need 5.99 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.99, FSV is in the better half of the industry, outperforming 73.85% of the companies in the same industry.
A Debt/Equity ratio of 1.08 is on the high side and indicates that FSV has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.08, FSV is doing worse than 64.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 5.99 | ||
| Altman-Z | 3.36 |
ROIC/WACC0.96
WACC7.41%
2.3 Liquidity
A Current Ratio of 1.94 indicates that FSV should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.94, FSV is doing good in the industry, outperforming 63.08% of the companies in the same industry.
A Quick Ratio of 1.60 indicates that FSV should not have too much problems paying its short term obligations.
FSV has a Quick ratio of 1.60. This is in the better half of the industry: FSV outperforms 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.93% over the past year.
The Earnings Per Share has been growing by 10.76% on average over the past years. This is quite good.
The Revenue has grown by 18.67% in the past year. This is quite good.
FSV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.73% yearly.
EPS 1Y (TTM)16.93%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%37.31%
Revenue 1Y (TTM)18.67%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%8.01%
3.2 Future
Based on estimates for the next years, FSV will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.41% on average per year.
The Revenue is expected to grow by 5.61% on average over the next years.
EPS Next Y14.43%
EPS Next 2Y12.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.61%
Revenue Next 2Y7.21%
Revenue Next 3Y5.61%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 33.55, which means the current valuation is very expensive for FSV.
Compared to the rest of the industry, the Price/Earnings ratio of FSV indicates a somewhat cheap valuation: FSV is cheaper than 73.85% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.21. FSV is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 27.88 indicates a quite expensive valuation of FSV.
80.00% of the companies in the same industry are more expensive than FSV, based on the Price/Forward Earnings ratio.
FSV is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.55 | ||
| Fwd PE | 27.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSV is valued a bit cheaper than 73.85% of the companies in the same industry.
69.23% of the companies in the same industry are more expensive than FSV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.65 | ||
| EV/EBITDA | 17.88 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FSV does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of FSV may justify a higher PE ratio.
A more expensive valuation may be justified as FSV's earnings are expected to grow with 12.41% in the coming years.
PEG (NY)2.32
PEG (5Y)3.12
EPS Next 2Y12.41%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FSV has a yearly dividend return of 0.61%, which is pretty low.
FSV's Dividend Yield is rather good when compared to the industry average which is at 3.67. FSV pays more dividend than 81.54% of the companies in the same industry.
With a Dividend Yield of 0.61, FSV pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
5.2 History
On average, the dividend of FSV grows each year by 11.41%, which is quite nice.
FSV has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of FSV decreased recently.
Dividend Growth(5Y)11.41%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FSV pays out 34.45% of its income as dividend. This is a sustainable payout ratio.
The dividend of FSV is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP34.45%
EPS Next 2Y12.41%
EPS Next 3YN/A
NASDAQ:FSV (7/2/2025, 4:30:01 PM)
176.15
+0.46 (+0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners75.99%
Inst Owner Change-0.76%
Ins Owners9.35%
Ins Owner ChangeN/A
Market Cap8.00B
Analysts78.33
Price Target156.4 (-11.21%)
Short Float %0.67%
Short Ratio2.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
Yearly Dividend0.97
Dividend Growth(5Y)11.41%
DP34.45%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.5%
Min EPS beat(2)-3.07%
Max EPS beat(2)10.08%
EPS beat(4)3
Avg EPS beat(4)6.09%
Min EPS beat(4)-3.07%
Max EPS beat(4)13.31%
EPS beat(8)4
Avg EPS beat(8)2.15%
EPS beat(12)6
Avg EPS beat(12)1.43%
EPS beat(16)10
Avg EPS beat(16)4.73%
Revenue beat(2)1
Avg Revenue beat(2)-0.46%
Min Revenue beat(2)-2.81%
Max Revenue beat(2)1.89%
Revenue beat(4)3
Avg Revenue beat(4)1.3%
Min Revenue beat(4)-2.81%
Max Revenue beat(4)5.84%
Revenue beat(8)6
Avg Revenue beat(8)1.54%
Revenue beat(12)10
Avg Revenue beat(12)2.09%
Revenue beat(16)14
Avg Revenue beat(16)2.58%
PT rev (1m)0.83%
PT rev (3m)3.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.6%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.55 | ||
| Fwd PE | 27.88 | ||
| P/S | 1.51 | ||
| P/FCF | 36.65 | ||
| P/OCF | 23.84 | ||
| P/B | 6.64 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.88 |
EPS(TTM)5.25
EY2.98%
EPS(NY)6.32
Fwd EY3.59%
FCF(TTM)4.81
FCFY2.73%
OCF(TTM)7.39
OCFY4.19%
SpS116.85
BVpS26.53
TBVpS-20.23
PEG (NY)2.32
PEG (5Y)3.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 10.85% | ||
| ROCE | 9.77% | ||
| ROIC | 7.09% | ||
| ROICexc | 7.57% | ||
| ROICexgc | 22.36% | ||
| OM | 6.31% | ||
| PM (TTM) | 2.46% | ||
| GM | 33.11% | ||
| FCFM | 4.11% |
ROA(3y)3.45%
ROA(5y)3.94%
ROE(3y)11.49%
ROE(5y)12.92%
ROIC(3y)7.12%
ROIC(5y)7.44%
ROICexc(3y)7.62%
ROICexc(5y)8.09%
ROICexgc(3y)22.51%
ROICexgc(5y)26.24%
ROCE(3y)9.82%
ROCE(5y)10.25%
ROICexcg growth 3Y-9.1%
ROICexcg growth 5Y0.26%
ROICexc growth 3Y-5.76%
ROICexc growth 5Y0.74%
OM growth 3Y-1.98%
OM growth 5Y0.22%
PM growth 3Y-14.78%
PM growth 5YN/A
GM growth 3Y0.75%
GM growth 5Y0.5%
F-Score8
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 5.99 | ||
| Debt/EBITDA | 2.56 | ||
| Cap/Depr | 67.97% | ||
| Cap/Sales | 2.21% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.14% | ||
| Profit Quality | 166.87% | ||
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z | 3.36 |
F-Score8
WACC7.41%
ROIC/WACC0.96
Cap/Depr(3y)70.4%
Cap/Depr(5y)62.01%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.92%
Profit Quality(3y)112.97%
Profit Quality(5y)141.74%
High Growth Momentum
Growth
EPS 1Y (TTM)16.93%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%37.31%
EPS Next Y14.43%
EPS Next 2Y12.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)18.67%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%8.01%
Revenue Next Year7.61%
Revenue Next 2Y7.21%
Revenue Next 3Y5.61%
Revenue Next 5YN/A
EBIT growth 1Y27.35%
EBIT growth 3Y14.78%
EBIT growth 5Y16.98%
EBIT Next Year73.62%
EBIT Next 3Y24.85%
EBIT Next 5YN/A
FCF growth 1Y911.88%
FCF growth 3Y16.6%
FCF growth 5Y23.08%
OCF growth 1Y222.54%
OCF growth 3Y19.53%
OCF growth 5Y21.52%