FIRSTSERVICE CORP (FSV) Stock Fundamental Analysis
NASDAQ:FSV - Nasdaq - CA33767E2024 - Common Stock
Taking everything into account, FSV scores 5 out of 10 in our fundamental rating. FSV was compared to 65 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of FSV get a neutral evaluation. Nothing too spectacular is happening here. FSV is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FSV had positive earnings in the past year.
In the past year FSV had a positive cash flow from operations.
FSV had positive earnings in 4 of the past 5 years.
Each year in the past 5 years FSV had a positive operating cash flow.
1.2 Ratios
FSV has a better Return On Assets (2.63%) than 80.33% of its industry peers.
Looking at the Return On Equity, with a value of 9.42%, FSV belongs to the top of the industry, outperforming 83.61% of the companies in the same industry.
FSV has a Return On Invested Capital of 6.81%. This is amongst the best in the industry. FSV outperforms 88.52% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FSV is above the industry average of 4.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 9.42% | ||
| ROIC | 6.81% |
ROA(3y)4.17%
ROA(5y)0.73%
ROE(3y)13.35%
ROE(5y)-1.16%
ROIC(3y)7.62%
ROIC(5y)7.48%
1.3 Margins
Looking at the Profit Margin, with a value of 2.19%, FSV is in the better half of the industry, outperforming 68.85% of the companies in the same industry.
In the last couple of years the Profit Margin of FSV has declined.
FSV has a Operating Margin of 6.15%. This is in the better half of the industry: FSV outperforms 73.77% of its industry peers.
FSV's Operating Margin has declined in the last couple of years.
FSV has a Gross Margin of 32.60%. This is comparable to the rest of the industry: FSV outperforms 59.02% of its industry peers.
FSV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.15% | ||
| PM (TTM) | 2.19% | ||
| GM | 32.6% |
OM growth 3Y-0.64%
OM growth 5Y-2.11%
PM growth 3Y-9.73%
PM growth 5Y-7.46%
GM growth 3Y-0.49%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
FSV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some 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 is higher 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 has a better Altman-Z score (3.36) than 77.05% of its industry peers.
The Debt to FCF ratio of FSV is 6.36, which is on the high side as it means it would take FSV, 6.36 years of fcf income to pay off all of its debts.
FSV has a Debt to FCF ratio of 6.36. This is amongst the best in the industry. FSV outperforms 80.33% of its industry peers.
FSV has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.09, FSV is not doing good in the industry: 65.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 6.36 | ||
| Altman-Z | 3.36 |
ROIC/WACC0.92
WACC7.39%
2.3 Liquidity
FSV has a Current Ratio of 1.81. This is a normal value and indicates that FSV is financially healthy and should not expect problems in meeting its short term obligations.
FSV has a Current ratio (1.81) which is in line with its industry peers.
A Quick Ratio of 1.47 indicates that FSV should not have too much problems paying its short term obligations.
FSV has a Quick ratio (1.47) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The earnings per share for FSV have decreased by -0.21% in the last year.
FSV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.25% yearly.
The Revenue has grown by 15.33% in the past year. This is quite good.
The Revenue has been growing by 17.55% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.21%
EPS 3Y10.73%
EPS 5Y12.25%
EPS Q2Q%30.4%
Revenue 1Y (TTM)15.33%
Revenue growth 3Y16.06%
Revenue growth 5Y17.55%
Sales Q2Q%24.97%
3.2 Future
The Earnings Per Share is expected to grow by 10.27% on average over the next years. This is quite good.
The Revenue is expected to grow by 10.59% on average over the next years. This is quite good.
EPS Next Y8.72%
EPS Next 2Y10.25%
EPS Next 3Y10.27%
EPS Next 5YN/A
Revenue Next Year19.33%
Revenue Next 2Y13.19%
Revenue Next 3Y10.59%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 38.29 indicates a quite expensive valuation of FSV.
FSV's Price/Earnings ratio is a bit cheaper when compared to the industry. FSV is cheaper than 70.49% of the companies in the same industry.
FSV's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 32.17, FSV can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, FSV is valued a bit cheaper than 77.05% of the companies in the same industry.
FSV's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.29 | ||
| Fwd PE | 32.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSV is valued a bit cheaper than 73.77% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FSV is valued a bit cheaper than 73.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.63 | ||
| EV/EBITDA | 20.55 |
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.
FSV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.39
PEG (5Y)3.12
EPS Next 2Y10.25%
EPS Next 3Y10.27%
5. Dividend
5.1 Amount
With a yearly dividend of 0.55%, FSV is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.56, FSV pays a better dividend. On top of this FSV pays more dividend than 80.33% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, FSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
5.2 History
On average, the dividend of FSV grows each year by 10.93%, 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)10.93%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FSV pays out 39.38% of its income as dividend. This is a sustainable payout ratio.
FSV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP39.38%
EPS Next 2Y10.25%
EPS Next 3Y10.27%
FIRSTSERVICE CORP
NASDAQ:FSV (1/21/2025, 8:01:48 PM)
Premarket: 181.8 -0.83 (-0.45%)182.63
+0.27 (+0.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners78.15%
Inst Owner Change0.2%
Ins Owners11.63%
Ins Owner ChangeN/A
Market Cap8.27B
Analysts78.18
Price Target147.66 (-19.15%)
Short Float %0.41%
Short Ratio1.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
Yearly Dividend0.88
Dividend Growth(5Y)10.93%
DP39.38%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.67%
Min EPS beat(2)4.04%
Max EPS beat(2)13.31%
EPS beat(4)2
Avg EPS beat(4)1.16%
Min EPS beat(4)-9.66%
Max EPS beat(4)13.31%
EPS beat(8)5
Avg EPS beat(8)2.11%
EPS beat(12)7
Avg EPS beat(12)2.31%
EPS beat(16)11
Avg EPS beat(16)8.53%
Revenue beat(2)2
Avg Revenue beat(2)3.05%
Min Revenue beat(2)0.27%
Max Revenue beat(2)5.84%
Revenue beat(4)3
Avg Revenue beat(4)1.88%
Min Revenue beat(4)-0.62%
Max Revenue beat(4)5.84%
Revenue beat(8)7
Avg Revenue beat(8)2.64%
Revenue beat(12)11
Avg Revenue beat(12)2.45%
Revenue beat(16)15
Avg Revenue beat(16)3.48%
PT rev (1m)-0.67%
PT rev (3m)2.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.82%
EPS NY rev (1m)0%
EPS NY rev (3m)4.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.29 | ||
| Fwd PE | 32.17 | ||
| P/S | 1.68 | ||
| P/FCF | 40.63 | ||
| P/OCF | 26.72 | ||
| P/B | 7.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.55 |
EPS(TTM)4.77
EY2.61%
EPS(NY)5.68
Fwd EY3.11%
FCF(TTM)4.5
FCFY2.46%
OCF(TTM)6.84
OCFY3.74%
SpS108.94
BVpS25.38
TBVpS-20.36
PEG (NY)4.39
PEG (5Y)3.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 9.42% | ||
| ROCE | 9.26% | ||
| ROIC | 6.81% | ||
| ROICexc | 7.29% | ||
| ROICexgc | 22.56% | ||
| OM | 6.15% | ||
| PM (TTM) | 2.19% | ||
| GM | 32.6% | ||
| FCFM | 4.13% |
ROA(3y)4.17%
ROA(5y)0.73%
ROE(3y)13.35%
ROE(5y)-1.16%
ROIC(3y)7.62%
ROIC(5y)7.48%
ROICexc(3y)8.22%
ROICexc(5y)8.14%
ROICexgc(3y)25.42%
ROICexgc(5y)26.53%
ROCE(3y)10.36%
ROCE(5y)10.17%
ROICexcg growth 3Y-11.69%
ROICexcg growth 5Y-11.58%
ROICexc growth 3Y-5.48%
ROICexc growth 5Y-11.59%
OM growth 3Y-0.64%
OM growth 5Y-2.11%
PM growth 3Y-9.73%
PM growth 5Y-7.46%
GM growth 3Y-0.49%
GM growth 5Y0.23%
F-Score4
Asset Turnover1.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 6.36 | ||
| Debt/EBITDA | 2.76 | ||
| Cap/Depr | 70.02% | ||
| Cap/Sales | 2.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.06% | ||
| Profit Quality | 188.1% | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 3.36 |
F-Score4
WACC7.39%
ROIC/WACC0.92
Cap/Depr(3y)67.25%
Cap/Depr(5y)60.07%
Cap/Sales(3y)2%
Cap/Sales(5y)1.87%
Profit Quality(3y)96.97%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.21%
EPS 3Y10.73%
EPS 5Y12.25%
EPS Q2Q%30.4%
EPS Next Y8.72%
EPS Next 2Y10.25%
EPS Next 3Y10.27%
EPS Next 5YN/A
Revenue 1Y (TTM)15.33%
Revenue growth 3Y16.06%
Revenue growth 5Y17.55%
Sales Q2Q%24.97%
Revenue Next Year19.33%
Revenue Next 2Y13.19%
Revenue Next 3Y10.59%
Revenue Next 5YN/A
EBIT growth 1Y12.37%
EBIT growth 3Y15.32%
EBIT growth 5Y15.06%
EBIT Next Year95.11%
EBIT Next 3Y30.73%
EBIT Next 5YN/A
FCF growth 1Y1518.57%
FCF growth 3Y-9.41%
FCF growth 5Y26.08%
OCF growth 1Y268.86%
OCF growth 3Y-1.32%
OCF growth 5Y23.02%