FIRSTSERVICE CORP (FSV) Stock Fundamental Analysis
USA - NASDAQ:FSV - CA33767E2024 - Common Stock
164.64 USD
-2.09 (-1.25%)
164.64 USD
0 (0%)
Taking everything into account, FSV scores 6 out of 10 in our fundamental rating. FSV was compared to 64 industry peers in the Real Estate Management & Development industry. FSV scores excellent on profitability, but there are some minor concerns on its financial health. FSV is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FSV had positive earnings in the past year.
FSV had a positive operating cash flow in the past year.
FSV had positive earnings in each of the past 5 years.
FSV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FSV's Return On Assets of 3.25% is amongst the best of the industry. FSV outperforms 82.81% of its industry peers.
Looking at the Return On Equity, with a value of 11.34%, FSV belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
FSV has a Return On Invested Capital of 7.47%. This is amongst the best in the industry. FSV outperforms 90.63% of its industry peers.
FSV had an Average Return On Invested Capital over the past 3 years of 7.12%. This is in line with the industry average of 6.26%.
The 3 year average ROIC (7.12%) for FSV is below the current ROIC(7.47%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.25% | ||
| ROE | 11.34% | ||
| ROIC | 7.47% |
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 (2.61%) than 67.19% of its industry peers.
FSV's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 6.52%, FSV is doing good in the industry, outperforming 70.31% of the companies in the same industry.
FSV's Operating Margin has been stable in the last couple of years.
FSV has a better Gross Margin (33.22%) than 64.06% 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 | 6.52% | ||
| PM (TTM) | 2.61% | ||
| GM | 33.22% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FSV is destroying value.
FSV has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FSV has been increased compared to 5 years ago.
The debt/assets ratio for FSV has been reduced compared to a year ago.
2.2 Solvency
FSV has an Altman-Z score of 3.20. This indicates that FSV is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of FSV (3.20) is better than 73.44% of its industry peers.
The Debt to FCF ratio of FSV is 5.04, which is a neutral value as it means it would take FSV, 5.04 years of fcf income to pay off all of its debts.
FSV has a Debt to FCF ratio of 5.04. This is in the better half of the industry: FSV outperforms 76.56% of its industry peers.
A Debt/Equity ratio of 0.98 indicates that FSV is somewhat dependend on debt financing.
FSV has a worse Debt to Equity ratio (0.98) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 5.04 | ||
| Altman-Z | 3.2 |
ROIC/WACC0.99
WACC7.54%
2.3 Liquidity
A Current Ratio of 1.74 indicates that FSV should not have too much problems paying its short term obligations.
FSV has a Current ratio (1.74) which is in line with its industry peers.
A Quick Ratio of 1.43 indicates that FSV should not have too much problems paying its short term obligations.
The Quick ratio of FSV (1.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.43 |
3. Growth
3.1 Past
FSV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.13%, which is quite impressive.
FSV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.76% yearly.
FSV shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.36%.
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)20.13%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%7.98%
Revenue 1Y (TTM)20.36%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
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 12.48% on average per year.
Based on estimates for the next years, FSV will show a small growth in Revenue. The Revenue will grow by 6.39% on average per year.
EPS Next Y18.78%
EPS Next 2Y13.49%
EPS Next 3Y12.48%
EPS Next 5YN/A
Revenue Next Year7.97%
Revenue Next 2Y7.58%
Revenue Next 3Y6.39%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
FSV is valuated quite expensively with a Price/Earnings ratio of 28.73.
Based on the Price/Earnings ratio, FSV is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
FSV is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.89, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 25.57, the valuation of FSV can be described as expensive.
Based on the Price/Forward Earnings ratio, FSV is valued cheaper than 81.25% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.99, FSV is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.73 | ||
| Fwd PE | 25.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSV is valued a bit cheaper than the industry average as 76.56% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, FSV is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.47 | ||
| EV/EBITDA | 16.05 |
4.3 Compensation for Growth
FSV's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FSV has a very decent profitability rating, which may justify a higher PE ratio.
FSV's earnings are expected to grow with 12.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.53
PEG (5Y)2.67
EPS Next 2Y13.49%
EPS Next 3Y12.48%
5. Dividend
5.1 Amount
FSV has a yearly dividend return of 0.61%, which is pretty low.
FSV's Dividend Yield is a higher than the industry average which is at 3.57.
Compared to an average S&P500 Dividend Yield of 2.31, FSV's dividend is way lower than the S&P500 average.
| 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 been paying a dividend for at least 10 years, so it has 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 32.66% of its income as dividend. This is a sustainable payout ratio.
FSV's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP32.66%
EPS Next 2Y13.49%
EPS Next 3Y12.48%
164.64
-2.09 (-1.25%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners76.48%
Inst Owner Change-0.71%
Ins Owners9.37%
Ins Owner ChangeN/A
Market Cap7.51B
Revenue(TTM)5.22B
Net Income(TTM)141.91M
Analysts78.33
Price Target162.66 (-1.2%)
Short Float %0.73%
Short Ratio2.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
Yearly Dividend0.97
Dividend Growth(5Y)11.41%
DP32.66%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.48%
Min EPS beat(2)10.08%
Max EPS beat(2)14.88%
EPS beat(4)3
Avg EPS beat(4)8.8%
Min EPS beat(4)-3.07%
Max EPS beat(4)14.88%
EPS beat(8)4
Avg EPS beat(8)2.95%
EPS beat(12)7
Avg EPS beat(12)2.95%
EPS beat(16)10
Avg EPS beat(16)4.67%
Revenue beat(2)1
Avg Revenue beat(2)-1.38%
Min Revenue beat(2)-2.81%
Max Revenue beat(2)0.05%
Revenue beat(4)3
Avg Revenue beat(4)1.24%
Min Revenue beat(4)-2.81%
Max Revenue beat(4)5.84%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)10
Avg Revenue beat(12)1.96%
Revenue beat(16)14
Avg Revenue beat(16)1.84%
PT rev (1m)-0.74%
PT rev (3m)4.14%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)-2.86%
EPS NY rev (1m)0%
EPS NY rev (3m)3.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.73 | ||
| Fwd PE | 25.57 | ||
| P/S | 1.38 | ||
| P/FCF | 30.47 | ||
| P/OCF | 20.41 | ||
| P/B | 6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.05 |
EPS(TTM)5.73
EY3.48%
EPS(NY)6.44
Fwd EY3.91%
FCF(TTM)5.4
FCFY3.28%
OCF(TTM)8.07
OCFY4.9%
SpS119.03
BVpS27.45
TBVpS-20.09
PEG (NY)1.53
PEG (5Y)2.67
Graham Number59.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.25% | ||
| ROE | 11.34% | ||
| ROCE | 10.29% | ||
| ROIC | 7.47% | ||
| ROICexc | 7.93% | ||
| ROICexgc | 24.04% | ||
| OM | 6.52% | ||
| PM (TTM) | 2.61% | ||
| GM | 33.22% | ||
| FCFM | 4.54% |
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%
ROICexgc growth 3Y-9.1%
ROICexgc 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-Score7
Asset Turnover1.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 5.04 | ||
| Debt/EBITDA | 2.31 | ||
| Cap/Depr | 67.81% | ||
| Cap/Sales | 2.24% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.05% | ||
| Profit Quality | 173.63% | ||
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.43 | ||
| Altman-Z | 3.2 |
F-Score7
WACC7.54%
ROIC/WACC0.99
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)20.13%
EPS 3Y2.97%
EPS 5Y10.76%
EPS Q2Q%7.98%
EPS Next Y18.78%
EPS Next 2Y13.49%
EPS Next 3Y12.48%
EPS Next 5YN/A
Revenue 1Y (TTM)20.36%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
Revenue Next Year7.97%
Revenue Next 2Y7.58%
Revenue Next 3Y6.39%
Revenue Next 5YN/A
EBIT growth 1Y33.31%
EBIT growth 3Y14.78%
EBIT growth 5Y16.98%
EBIT Next Year75.96%
EBIT Next 3Y25.91%
EBIT Next 5YN/A
FCF growth 1Y471.6%
FCF growth 3Y16.6%
FCF growth 5Y23.08%
OCF growth 1Y186.14%
OCF growth 3Y19.53%
OCF growth 5Y21.52%
FIRSTSERVICE CORP / FSV FAQ
Can you provide the ChartMill fundamental rating for FIRSTSERVICE CORP?
ChartMill assigns a fundamental rating of 6 / 10 to FSV.
What is the valuation status for FSV stock?
ChartMill assigns a valuation rating of 4 / 10 to FIRSTSERVICE CORP (FSV). This can be considered as Fairly Valued.
What is the profitability of FSV stock?
FIRSTSERVICE CORP (FSV) has a profitability rating of 7 / 10.
Can you provide the financial health for FSV stock?
The financial health rating of FIRSTSERVICE CORP (FSV) is 5 / 10.
Can you provide the expected EPS growth for FSV stock?
The Earnings per Share (EPS) of FIRSTSERVICE CORP (FSV) is expected to grow by 18.78% in the next year.