FIRSTSERVICE CORP (FSV) Stock Fundamental Analysis
USA - NASDAQ:FSV - CA33767E2024 - Common Stock
151.41 USD
-2.41 (-1.57%)
151.41 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to FSV. FSV was compared to 63 industry peers in the Real Estate Management & Development industry. While FSV has a great profitability rating, 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.
Each year in the past 5 years FSV had a positive operating cash flow.
1.2 Ratios
FSV has a better Return On Assets (3.16%) than 82.54% of its industry peers.
FSV has a Return On Equity of 10.34%. This is amongst the best in the industry. FSV outperforms 87.30% of its industry peers.
FSV has a better Return On Invested Capital (7.35%) than 90.48% 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 6.31%.
The 3 year average ROIC (7.12%) for FSV is below the current ROIC(7.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 10.34% | ||
| ROIC | 7.35% |
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's Profit Margin of 2.53% is fine compared to the rest of the industry. FSV outperforms 68.25% of its industry peers.
In the last couple of years the Profit Margin of FSV has declined.
FSV has a Operating Margin of 6.43%. This is in the better half of the industry: FSV outperforms 68.25% of its industry peers.
FSV's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 33.41%, FSV is doing good in the industry, outperforming 63.49% of the companies in the same industry.
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 | 6.43% | ||
| PM (TTM) | 2.53% | ||
| GM | 33.41% |
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
FSV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FSV has been increased compared to 1 year ago.
FSV has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FSV has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.14 indicates that FSV is not in any danger for bankruptcy at the moment.
FSV's Altman-Z score of 3.14 is fine compared to the rest of the industry. FSV outperforms 73.02% of its industry peers.
The Debt to FCF ratio of FSV is 4.18, which is a neutral value as it means it would take FSV, 4.18 years of fcf income to pay off all of its debts.
FSV has a Debt to FCF ratio of 4.18. This is in the better half of the industry: FSV outperforms 77.78% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that FSV is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.89, FSV is not doing good in the industry: 60.32% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 3.14 |
ROIC/WACC0.99
WACC7.42%
2.3 Liquidity
FSV has a Current Ratio of 1.76. 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 (1.76) which is in line with its industry peers.
A Quick Ratio of 1.44 indicates that FSV should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.44, FSV is in line with its industry, outperforming 46.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.13% over the past year.
The Earnings Per Share has been growing by 10.76% on average over the past years. This is quite good.
Looking at the last year, FSV shows a quite strong growth in Revenue. The Revenue has grown by 11.13% in the last year.
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)11.13%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
3.2 Future
The Earnings Per Share is expected to grow by 11.38% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.25% on average over the next years.
EPS Next Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5YN/A
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
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
A Price/Earnings ratio of 26.42 indicates a quite expensive valuation of FSV.
Based on the Price/Earnings ratio, FSV is valued a bit cheaper than the industry average as 73.02% 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 26.06, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 24.25, the valuation of FSV can be described as rather expensive.
79.37% of the companies in the same industry are more expensive than FSV, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, FSV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.42 | ||
| Fwd PE | 24.25 |
4.2 Price Multiples
79.37% of the companies in the same industry are more expensive than FSV, based on the Enterprise Value to EBITDA ratio.
FSV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FSV is cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.92 | ||
| EV/EBITDA | 14.7 |
4.3 Compensation for Growth
The 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.
PEG (NY)1.7
PEG (5Y)2.46
EPS Next 2Y11.74%
EPS Next 3Y11.38%
5. Dividend
5.1 Amount
With a yearly dividend of 0.66%, FSV is not a good candidate for dividend investing.
In the last 3 months the price of FSV has falen by -23.35%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
FSV's Dividend Yield is rather good when compared to the industry average which is at 3.47. FSV pays more dividend than 82.54% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, FSV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
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 34.35% of its income as dividend. This is a sustainable payout ratio.
The dividend of FSV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP34.35%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
151.41
-2.41 (-1.57%)
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-1.47%
Ins Owners9.37%
Ins Owner ChangeN/A
Market Cap6.90B
Revenue(TTM)5.48B
Net Income(TTM)138.54M
Analysts81.67
Price Target157.16 (3.8%)
Short Float %0.78%
Short Ratio2.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend0.97
Dividend Growth(5Y)11.41%
DP34.35%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.41%
Min EPS beat(2)-0.07%
Max EPS beat(2)14.88%
EPS beat(4)2
Avg EPS beat(4)5.46%
Min EPS beat(4)-3.07%
Max EPS beat(4)14.88%
EPS beat(8)4
Avg EPS beat(8)3.31%
EPS beat(12)7
Avg EPS beat(12)3.22%
EPS beat(16)9
Avg EPS beat(16)3.1%
Revenue beat(2)1
Avg Revenue beat(2)-1.14%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)0.05%
Revenue beat(4)2
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-2.81%
Max Revenue beat(4)1.89%
Revenue beat(8)5
Avg Revenue beat(8)0.54%
Revenue beat(12)9
Avg Revenue beat(12)1.5%
Revenue beat(16)13
Avg Revenue beat(16)1.64%
PT rev (1m)-3.38%
PT rev (3m)-4.62%
EPS NQ rev (1m)-11.21%
EPS NQ rev (3m)-10.31%
EPS NY rev (1m)-2.7%
EPS NY rev (3m)1%
Revenue NQ rev (1m)-4.33%
Revenue NQ rev (3m)-4.46%
Revenue NY rev (1m)-1.88%
Revenue NY rev (3m)-1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.42 | ||
| Fwd PE | 24.25 | ||
| P/S | 1.26 | ||
| P/FCF | 23.92 | ||
| P/OCF | 16.55 | ||
| P/B | 5.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.7 |
EPS(TTM)5.73
EY3.78%
EPS(NY)6.24
Fwd EY4.12%
FCF(TTM)6.33
FCFY4.18%
OCF(TTM)9.15
OCFY6.04%
SpS120.16
BVpS29.37
TBVpS-18.68
PEG (NY)1.7
PEG (5Y)2.46
Graham Number61.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 10.34% | ||
| ROCE | 10.13% | ||
| ROIC | 7.35% | ||
| ROICexc | 7.85% | ||
| ROICexgc | 23.97% | ||
| OM | 6.43% | ||
| PM (TTM) | 2.53% | ||
| GM | 33.41% | ||
| FCFM | 5.27% |
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 Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 4.18 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 69.74% | ||
| Cap/Sales | 2.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.75% | ||
| Profit Quality | 208.34% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 3.14 |
F-Score7
WACC7.42%
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 Y15.57%
EPS Next 2Y11.74%
EPS Next 3Y11.38%
EPS Next 5YN/A
Revenue 1Y (TTM)11.13%
Revenue growth 3Y17.1%
Revenue growth 5Y16.73%
Sales Q2Q%3.69%
Revenue Next Year5.94%
Revenue Next 2Y6.4%
Revenue Next 3Y6.25%
Revenue Next 5YN/A
EBIT growth 1Y16.15%
EBIT growth 3Y14.78%
EBIT growth 5Y16.98%
EBIT Next Year75.96%
EBIT Next 3Y25.91%
EBIT Next 5YN/A
FCF growth 1Y115.24%
FCF growth 3Y16.6%
FCF growth 5Y23.08%
OCF growth 1Y86.29%
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 5 / 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 4 / 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 15.57% in the next year.